Quarterly Operations Manager Report For the period ending December 31, 2017

Transcription

1 Quarterly Operations Manager Report For the period ending December 31, 2017 Board of Trustees Mark Mason, CPA Linda Senne, CPA Jerry Boop, CPA William Kleinsorge, CPA Harold J. Kyne, FGFOA Chairman Vice Chairman Secretary Treasurer Board Member Investment Advisor Prudent Man Advisors, Inc. Operations Manager PMA Financial Network, Inc. Administrator Florida Management and Administrative Services, LLC Distributor PMA Securities, Inc. Custodian BMO Harris N.A. FL SAFE Legal Counsel Akerman Senterfitt Credit Rating Standard & Poors m Toll Free / Fax

2 FL SAFE SUMMARY Florida Surplus Asset Fund Trust ( FL SAFE ) is a local government investment pool that serves the cash management needs of governments in Florida. FL SAFE seeks to provide competitive yields consistent with the preservation of capital and daily liquidity. FL SAFE is organized pursuant to Florida Statures , is an authorized investment under and invests according to the provisions of its Permitted Investments as listed in the Indenture of Trust. FL SAFE is authorized to invest in approved financial institutions and securities of the United States Treasury, United States Agencies, Primary Dealer Repurchase Agreements, and highly rated commercial paper. Asset allocation will be in full conformance with guidelines. FL SAFE s investments conform to the Permitted Investments as listed in its Indenture of Trust. FL SAFE meets Standard & Poor s investment guidelines to achieve a m rating, the highest attainable for a local government investment pool. FL SAFE is rated m by the Standard & Poor s Corporation. With the exception of certain floating rate securities, all securities purchased shall not exceed a maturity greater than 397 days. The weighted maturity of the portfolio shall not exceed 60 days; the weighted average life shall not exceed 120 days. FL SAFE seeks, but does not guarantee, to maintain a constant net asset value at $1.00 per share. Please see the Indenture of Trust for more information on the investment objective of FL SAFE. The Investment Advisor is Prudent Man Advisors, Inc. The Administrator is Florida Management and Administrative Services, LLC. SUMMARY FL SAFE STABLE NAV FUND FL SAFE VARIABLE NAV FUND FIIP Total Assets FL SAFE 30 Day 7 Day Expense Ratio * Weighted Average Maturity (days) Weighted Average Life (days) Net Asset Value Per Share $236,717,533 $25,007,102 $199,299,421 $461,024, % 1.31% 0.19% $1.00 Note: The information contained herein is unaudited. Audited financial statements will be completed annually. * Net expense ratio after waivers. 22

3 FL SAFE STABLE NAV FUND FINANCIAL STATEMENTS STATEMENT OF NET ASSETS Assets Investments in securities U.S. Government Agencies Bank Notes Certificates of Deposits Commercial Paper Corporate Notes FDIC Insured Cash Sweep Municipal Bonds Total investment in securities Cash and cash equivalents Other assets Accrued interest Total Assets Liabilities Accrued expenses Payable for Investments Purchased Net assets applicable to shares outstanding 03/31/17 For the Period Ending 06/30/17 09/30/17 12/31/17 $3,090,231 14,256,759 57,361,614 7,987,124 44,001,954 32,143,754 $3,090,117 12,605,847 64,919,652 9,684,015 37,658,334 46,230,901 $3,090,004 7,500,000 60,508,648 15,621,077 43,492,731 66,400, ,915 $2,000,000 8,579,308 64,951,193 12,959,216 33,679,257 59,620, ,963 $158,841,436 $174,188,866 $197,113,037 $182,289,195 43,704,099 60,971,080 52,325,840 53,924, , , , ,087 $202,991,814 $235,653,646 $249,906,613 $236,742,447 24,293 35, ,090 21,805 24,914 $202,967,521 $235,042,441 $249,884,808 $236,717,533 $507,337 $608,850 $805,475 $839,544 24,156 (5,217) 7,280 1,365 4,120 36,017 (14,608) 728 4,550 67,821 (27,129) 1,820 $100,903 28,293 (6,194) 7,280 1,365 3,236 43,355 (17,342) 144 4,842 80,518 (32,207) 1, $115,660 27,456 (6,025) (120) 3,340 4,277 42,180 (16,872) 4,200 4,914 78,334 (31,333) 1,820 $112,171 $507,947 $689,815 $727,373 YeartoDate STATEMENT OF OPERATIONS Gross Investment Income Expenses Administration Fees Waiver Administration Fees Audit Fees Board of Trustees Expense Cash Management Fees Custody Fees Investment Advisory Fees Waiver Investment Advisory Fees Legal Fees Liability Insurance Expense Operations Manager Fees Waiver Operations Manager Fees Ratings Expense Miscellaneous Expenses Miscellaneous Credits Total Expenses Net Investment Income 22,728 (4,981) 5,106 3,220 2,760 35,370 (13,947) 736 4,600 64,753 (25,901) 2,668 $97,112 $410,225 $2,761, ,633 (22,417) 19,546 9,290 14, ,922 (62,769) 5,808 18, ,426 (116,570) 8, $425,846 $2,335,360 STATEMENT OF CHANGES IN NET ASSETS Shares Purchased Shares Redeemed Net Change in Share Transactions Investment activities: Net Investment Income Net increase in net assets from share operations Distributions to participants from net investment income Revenue Recognition / FIIP Royalty $120,506,422 (104,857,740) $215,941,835 (184,377,516) $275,874,722 (261,726,806) $332,134,671 (346,034,173) (13,899,502) $944,457,650 (896,996,235) 15,648,682 31,564,319 14,147, , , , , , , , ,373 2,335,360 2,335,360 (410,225) (507,947) (689,815) (727,373) (2,335,360) 4,961 2,654 4,636 16,063,868 32,074,920 14,842,367 Net Assets at Beginning of Period $186,903,653 $202,967,521 $235,042,441 $249,884,808 $186,903,653 Net Assets at End of Period $202,967,521 $235,042,441 $249,884,808 $236,717,533 $236,717,533 Net Change in Assets 23 4,854 47,461,415 (13,167,275) 17,105 49,813,880

4 FL SAFE VARIABLE NAV FUND FINANCIAL STATEMENTS STATEMENT OF NET ASSETS Assets Investments in securities U.S. Government Agencies Certificates of Deposits Corporate Notes Total investment in securities 03/31/17 For the Period Ending 06/30/17 09/30/17 12/31/17 $2,673,530 1,998,718 20,237,044 $24,909,292 Cash and cash equivalents 52,379 Other assets Accrued interest 45,731 Total Assets Liabilities Accrued expenses Payable for Investments Purchased Net assets applicable to shares outstanding YeartoDate $25,007, $25,006,772 $7,948 $7,948 7,154 (7,154) ,141 (4,141) 3, ,141 (4,141) $5,176 STATEMENT OF OPERATIONS Gross Investment Income Expenses Administration Fees Waiver Administration Fees Audit Fees Board of Trustees Expense Cash Management Fees Custody Fees Investment Advisory Fees Waiver Investment Advisory Fees Legal Fees Liability Insurance Expense Operations Manager Fees Waiver Operations Manager Fees Ratings Expense Miscellaneous Expenses Miscellaneous Credits Total Expenses 7,154 (7,154) ,141 (4,141) 3, ,141 (4,141) $5,176 Net Investment Income $2,772 $2,772 $25,004,000 $25,004,000 25,004,000 25,004,000 2,772 2,772 2,772 2,772 (2,772) (2,772) STATEMENT OF CHANGES IN NET ASSETS Shares Purchased Shares Redeemed Net Change in Share Transactions Investment activities: Net Investment Income Net increase in net assets from share operations Distributions to participants from net investment income Net Change in Assets 25,006,772 25,006,772 Net Assets at Beginning of Period Net Assets at End of Period $25,006,772 $25,006,772 Shares Outstanding at End of Period NAV per share at End of Period ,500, $10.001

5 FLS Pricing Report FLS As of 17290EDP s Citibank NA Collateralized Bank Deposit 1.350% $33,325, $4,650, $33,325, $33,325, $32, $10,215, $10,215, $20, $59,620, $59,620, $81, $5,667, $5,667, $5, $4,650, $4,650, /02/ TDP ICS Pentagon Federal Credit Union LOC Bank Deposit FLS 1.657% FHLB Federal Home Loan Bank DPLOC $10,215, Bank of China FDIC Insured Cash Sweep 1.482% $59,620, US Bank NA Uncollateralized Bank Deposit 1.250% $5,667, DP DP Citibank NA Non Interest Bearing /02/ /02/ /02/ /02/ $549, $550, $3, /25/17 07/28/17 01/10/18 ($62.69) Metlife Funding Inc 1.487% $260, /31/17 08/03/17 01/10/18 ($28.82) Metlife Funding Inc 1.425% $300, /03/17 08/08/17 01/10/18 ($35.73) Metlife Funding Inc 1.400% $5,000, /11/17 08/14/17 01/10/18 ($636.82) Metlife Funding Inc 1.432% $473, $259, $260, $1, $299, $300, $2, $4,999, $5,000, $35, $472, $473, $3, /07/17 09/07/17 01/10/18 ($59.91) $550, % Metlife Funding Inc

6 FLS Pricing Report FLS As of BZ BZ5 s Westpac Banking Corp Fixed 1.445% 1.600% $350, Precision Castparts Corp PCP 1.25 JAN % 1.250% $555, Precision Castparts Corp PCP 1.25 JAN % 1.250% $1,350, Precision Castparts Corp PCP 1.25 JAN % 1.250% Precision Castparts Corp PCP 1.25 JAN % 1.250% $559, Precision Castparts Corp PCP 1.25 JAN % 1.250% $782, Precision Castparts Corp PCP 1.25 JAN % 1.250% $735, ANZ Banking Group Note 1.508% $500, ANZ Banking Group Note 1.473% $250, Sumitomo Mitsui Bank NY Corporate Floating 1.510% 1.939% $550, JAH JAH JAH JAH BP BP $349, $350, $2, $554, $554, $3, $1,349, $1,349, $7, $1,999, $1,999, $11, $558, $558, $3, $781, $781, $4, $734, $734, $4, $499, $499, $3, $249, $250, $1, $550, $550, $2, /13/17 10/17/17 01/12/18 ($29.82) /07/17 08/09/17 01/15/18 ($111.06) /21/17 08/24/17 01/15/18 ($304.23) /31/17 09/06/17 01/15/18 ($439.05) /14/17 09/15/17 01/15/18 ($114.15) /15/17 09/19/17 01/15/18 ($151.81) /11/17 10/12/17 01/15/18 ($154.02) /23/17 06/23/17 01/16/18 ($83.70) /25/17 07/28/17 01/16/18 ($46.60) /08/17 08/11/17 01/16/18 ($73.03)

7 FLS Pricing Report FLS As of BP BP8 s Sumitomo Mitsui Bank NY Corporate Floating 1.518% 1.939% $300, Sumitomo Mitsui Bank NY 1.681% Royal Bank of Canada NY 1.453% 1.677% PNC Bank, N.A. Bank Note $500, PNC Bank, N.A. Bank Note 1.481% $1,410, PNC Bank, N.A. Bank Note 1.869% PNC Bank, N.A. Bank Note 78009NQ NQ82 07/05/17 07/06/17 01/16/18 $ /07/17 06/08/17 01/19/18 $ /09/17 08/11/17 01/24/18 ($156.95) ($457.11) $1,410, $7, /18/17 10/20/17 01/24/18 $750, $749, $749, $3, /19/17 12/21/17 01/24/18 $ % $360, /21/17 12/22/17 01/24/18 $ PNC Bank, N.A. Bank Note 1.959% $250, /22/17 12/26/17 01/24/18 $ Sumitomo Mitsui Bank NY 1.721% 1.752% /22/17 08/23/17 01/25/18 $ Merck & Co Inc MRK /31/ % 1.100% $600, $359, $359, $1, $249, $249, $1, $2,000, $2,000, $ $599, $599, $2, /21/17 08/24/17 01/31/18 ($137.58) YYH YYH YAC YAC ($39.26) $300, $300, $1, $2,000, $1, $1,000, $1,000, $3, $499, $500, $2, $1,409, /23/17 08/24/17 01/16/ YZG YZG1 27

8 FLS Pricing Report FLS As of 06053PXV PXV4 s Bank of America NA Floating Bank Note 1.471% $4,000, National Rural Utilities Deposit Fixed 1.524% 5.450% $710, National Rural Utilities Deposit Fixed 1.469% 5.450% $550, National Rural Utilities Deposit Fixed 1.522% 5.450% $410, National Rural Utilities Deposit Fixed 1.520% 5.450% $330, National Rural Utilities Deposit Fixed 1.540% 5.450% $250, Bank TokyoMIT UFJ NY 1.430% Fixed Certificate of Deposit 1.390% $2,500, RCD 06539RDL BH BH0 Berkshire Hathaway Financial BERKSHIRE HATHAWAY % 1.550% $994, Berkshire Hathaway Financial BERKSHIRE HATHAWAY % 1.550% $375, Berkshire Hathaway Financial BERKSHIRE HATHAWAY % 1.550% $250, BH BH BH BH $4,000, $4,000, $4, $711, $712, $15, $551, $551, $12, $411, $411, $9, $330, $331, $7, $250, $250, $5, $2,499, $2,499, $11, $993, $994, $5, $374, $374, $2, $249, $249, $1, /01/17 08/01/17 02/01/18 $ /26/17 06/28/17 02/01/18 ($547.95) /06/17 09/07/17 02/01/18 ($457.73) /11/17 10/13/17 02/01/18 ($311.22) /27/17 10/31/17 02/01/18 ($229.75) /14/17 11/16/17 02/01/18 ($186.25) /04/17 10/04/17 02/02/18 ($441.64) /25/17 09/27/17 02/09/18 ($615.30) /27/17 11/29/17 02/09/18 ($187.97) /04/17 12/05/17 02/09/18 ($95.75)

9 FLS Pricing Report FLS As of 8574P1CD 8574P1LD6 s State Street Bank & Trust Certificate of Deposit 1.400% $4,000, Bank of America NA Floating Bank Note 1.570% Swedbank (New York) 1.550% WalMart Stores Inc 1.547% 5.800% Skandinav Enskilda Bank NY 1.537% 1.656% $1,200, FHLB Federal Home Loan Ban Agency Floating 1.406% PYK PYK UW UW CJ CJ FRD5 3130A9CB AV /10/17 11/10/17 02/09/18 ($871.20) /15/17 08/15/17 02/13/18 ($12.00) /15/17 08/16/17 02/13/18 $2, $ $1,200, $2, /26/17 06/26/17 02/22/ $2,000, $2, /30/16 09/01/16 03/01/18 $ % 1.365% $700, /28/17 03/02/18 $ Bank of Montreal Chicago Certificate of Deposit 1.460% Wells Fargo Bank NA 1.732% Berkshire Hathaway Financial BRK /07/ % 1.450% $260, $699, $699, $3, $2,998, $5, $2,001, $2, $259, $259, $1, Chevron Corporation CE CE RHT RHT ECD 06371EUX AV2 ($957.50) A9CB5 $3,999, $4,000, $7, $999, $ $2,002, $1, $1,004, $1,005, $21, $1,200, /16/17 11/20/17 02/15/ FRD /15/17 11/15/17 03/06/18 ($1,040.70) /06/17 03/06/17 03/06/18 $1, /28/17 11/30/17 03/07/18 ($111.80)

10 FLS Pricing Report FLS As of 23328ACD 23328AYW8 s DZ Bank NY Deposit Fixed 1.590% UCP 22533UCF8 Credit Agricole CIB NY Discounted Commerical Paper 1.497% New York State Urban Develop Municipal Fixed 1.478% 1.440% $500, Toronto Dominion Bank NY Deposit Fixed 1.480% 1.520% $1,250, Skandinav Enskilda Bank NY 1.633% 1.750% $402, Skandinav Enskilda Bank NY 1.882% 1.750% Skandinav Enskilda Bank NY 1.822% 1.750% $1,458, Svenska Handelsbank NY 1.659% 1.625% $2,500, Canadian Imperial Bank of Com 1.685% Pricoa Global Funding Discount Commercial Paper WCD 89113WZK AP AP AP AP AP AP BAC BAC BJT BJT GCP 74154GD % 1.474% $1,999, $1, $1,993, $1,993, /11/17 12/12/17 03/13/18 ($279.60) /15/17 11/15/17 03/15/18 ($526.37) $499, $499, $2, $1,249, $1,250, $15, $401, /08/17 09/12/17 03/15/18 ($151.68) /08/17 11/08/17 03/15/18 ($603.64) /04/17 08/07/17 03/19/18 ($225.89) /22/17 12/27/17 03/19/18 ($1.70) /26/17 12/28/17 03/19/18 ($196.02) /16/17 11/17/17 03/21/18 ($483.41) /22/17 06/22/17 03/22/18 $ K K72 $402, $1, $999, $999, $4, $1,457, $1,457, $7, $2,499, $2,499, $11, $2,000, $ $1,990, $1,992, /18/17 08/18/17 04/05/18 ($1,676.18)

11 FLS Pricing Report FLS As of 06366RMS RMS1 s Bank of Montreal Certificate of Deposit 1.736% 1.450% Bank of Montreal Certificate of Deposit 1.663% 1.400% $400, Bank of Montreal Certificate of Deposit 1.693% 1.400% Mizuho Bank LTD NY 1.632% $1,500, Westpac Banking Corp NY 1.457% 1.487% $3,100, Oracle Corp 1.604% 5.750% Oracle Corp 06366RE RE T3G XAC9 11/29/17 12/01/17 04/10/18 ($218.40) /12/17 04/10/18 ($461.00) /06/17 10/10/17 04/10/18 $ $ $3,100, $10, /16/17 06/16/17 04/12/18 $1,153, $1,166, $1,166, $13, /05/17 12/05/17 04/15/18 ($629.58) % 5.750% $307, /12/17 04/15/18 ($107.95) JP Morgan Securities LLC Discounted Commerical Paper 1.711% $310, $310, $3, $2,983, $2,983, /14/17 12/14/17 04/27/18 $ JP Morgan Securities LLC Discounted Commerical Paper 1.731% 1.731% $1,989, $1,988, /15/17 12/15/17 04/27/18 $ New York Life Global Funding 1.693% 1.300% $998, $998, $2, /14/17 12/18/17 04/27/18 ($354.70) XAC XAC QCP 46640QDT QCP 46640QDT WBZ WBZ XAC T3G AJB AJB1 $ $1,998, $1,998, $6, $399, $399, $1, $998, $999, $3, $1,500, $1,500, $1, $3,100, /12/17 04/09/ RE RE76 31

12 FLS Pricing Report FLS As of 64952WBZ WBZ5 s New York Life Global Funding 1.752% 1.300% $275, ING (US) Funding LLC Floating Int Bear CP 1.652% $4,000, Westpac Banking Corp 1.852% 1.550% $930, Bank of Nova Scotia Houston, 1.694% 1.671% $4,000, Goldman Sachs Bank USA 1.694% 1.696% Goldman Sachs Bank USA 1.678% 1.696% Mitsubishi UFJ Trust & Banking Floating Certificate of Depo 1.772% Toronto Dominion Bank NY 1.722% $2,500, Pricoa Global Funding Note 1.872% 1.600% $306, Sumitomo Mitsui Bank NY Floating Certificate of Depo 1.769% KCL KCL CM CM GXP GXP JGR JGR JGR JGR BCA BCA WX WX WBZ WBZ Y2P Y2P $274, $274, $ $4,001, $4,000, $3, $929, $928, $1, $4,000, $3,999, $2, $3,000, $3,000, $5, $2,000, $2,000, $3, $3,000, $ $2,500, $2,500, $ $305, $305, $ $2,000, $ /18/17 12/19/17 04/27/18 ($44.47) /15/17 08/15/17 05/11/18 $1, /21/17 12/21/17 05/15/18 $1, /18/17 08/18/17 05/18/18 $ /25/17 05/31/17 05/18/18 $ /29/17 06/29/17 05/18/18 $ /23/17 10/23/17 05/23/18 $ /23/17 05/23/17 05/23/18 $ /26/17 12/28/17 05/29/18 $ /29/17 11/30/17 05/31/18 $

13 FLS Pricing Report FLS As of 06050TMC TMC3 s Bank of America NA 1.811% 1.750% $310, Pfizer Inc. Note 1.831% $375, Toronto Dominion Bank NY 1.681% Pricoa Global Funding Corporate Floating 1.776% 2.175% DG DG W3T W3T WCJ WCJ VCD 21685VV NV EMR7 12/14/17 12/15/17 06/05/18 ($50.08) /27/17 06/15/18 $ /19/17 06/20/17 06/20/18 $ /07/17 07/12/17 06/27/18 ($2,028.93) $ $1,999, $ /27/17 06/28/17 06/28/18 ($90.00) Commonwealth Bank of Australi 1.719% $5,000, /29/17 09/29/17 06/29/18 ($205.00) Canadian Imperial Bank of Com 1.494% 1.749% $1,500, /31/17 08/01/17 07/13/18 ($1,269.19) Bank of Nova Scotia Houston, $4,999, $5,000, $ $1,500, $1,502, $5, $1,999, $2,000, $1, $236,140, $236,148, /24/17 08/25/17 07/19/18 ($447.76) % Royal Bank of Canada NY 1.764% 1.708% 1.705% GWH GWH BAA BAA EMR7 $309, $309, $ $374, $374, $ $2,000, $ $3,004, $3,006, $ /28/17 12/28/17 06/28/18 Rabobank Nederland NV NY Deposit Fixed NV78 Totals: 33 ($7,772.62)

14 FLS Pricing Report VNAV As of 60934N104 s Federated Govt Obligations Fun Federated Govt Obligations Fun 1.080% $52, FP FP0 World Financial Network Credit 1.682% 1.440% $575, Ford Credirt Auto Owner Trust ( 1.793% 1.560% $183, Nordea Bank AB NY Certificate of Deposit 1.768% 1.875% Capital One MultiAsset Executi 1.927% 1.340% $425, Hyundai Auto Receivables Trust 2.027% 2.100% $300, World Financial Network Credit 1.747% 2.230% $825, FNMA Federal National Mortga 2.131% FN % $1,095, HarleyDavidson Motorcycle Tru 1.770% 1.670% $875, Honda Auto Receivables Owner 1.726% 1.440% PAE PAE CAQ CAQ NFA NFA UA 44890UA DG DG UXB UXB BAE BAE LAD LAD $52, $52, $41.99 $573, $574, $ $182, $182, $ $1,998, $2,001, $10, $423, $423, $ $300, $300, $ $826, $828, $ $1,100, $1,100, $2, $872, $874, $ $993, $996, $ /02/ /01/17 08/15/18 ($844.70) 12/04/17 12/05/17 09/15/18 ($10.50) 11/13/17 11/15/17 09/17/18 ($2,783.25) 11/24/17 11/28/17 10/15/18 ($426.95) 12/04/17 12/05/17 10/15/18 ($84.00) 11/01/17 10/15/18 ($1,653.02) 11/20/17 11/22/17 11/25/18 ($133.55) /02/17 11/06/17 12/15/18 ($1,911.10) /06/17 11/07/17 12/21/18 ($2,848.19)

15 FLS Pricing Report VNAV As of 17305EGA EGA7 s Citibank Credit Card Issuance T 1.716% CCCIT 2017A2 A % Citibank Credit Card Issuance T 1.723% CCCIT 2017A2 A % EGA EGA FAB FAB YAB JHG AAB RAB RAB NFE NFE /02/17 01/17/19 ($2,401.13) /01/17 03/15/19 ($1,344.50) /01/17 03/15/19 ($1,517.39) ($641.80) Ally Auto Receivables Trust 1.857% 1.810% $500, $499, $ /16/17 11/22/17 05/15/19 American Express Credit Corp 1.795% 1.640% $1,200, $1,193, $1,197, $ /06/17 11/07/17 05/15/19 ($3,790.11) Ford Credirt Auto Owner Trust ( 1.464% 1.800% $1,375, /15/19 ($1,908.03) Toyota Auto Receivables Owner 1.720% TAOT 2017C A2A 1.580% $390, $1,372, $1,374, $ $388, $389, $ $989, $993, $ $618, $619, $ /01/17 06/15/19 ($712.92) 11/09/17 11/10/17 06/17/19 ($3,204.01) 11/24/17 11/28/17 06/17/19 ($1,150.17) Capital One MultiAsset Executi 1.831% 1.340% Capital One MultiAsset Executi 1.927% 1.340% $625, NFE NFE6 384 $550, % 3.140% ($2,469.00) World Financial Network Credit AAB9 11/01/17 01/17/19 $600, JHG % 1.590% YAB0 $997, $1,000, $7, $997, $1,000, $7, $598, $599, $ $556, $558, $ $499, Ally Auto Receivables Trust CW CW8

16 FLS Pricing Report VNAV As of HC HC1 s Chase Issuance Trust (CHAIT) 1.793% 1.370% $930, Chase Issuance Trust (CHAIT) 1.814% 1.270% Toyota Auto Receivables Owner 1.740% TOAT 2017D A2A 1.740% $1,500, Honda Auto Receivables Owner 1.704% 1.160% $1,135, HF HF KAB KAB AC AC BV BV6 3138L04U BAD6 11/02/17 07/15/19 ($3,609.00) 11/08/17 11/15/17 07/15/19 ($2,252.70) 11/01/17 07/18/ ($1,992.53) ($3,378.67) $1,086, $1,078, $1,082, $1, /07/17 11/10/17 10/01/19 ($4,746.34) MercedesBenz Auto Receivabl 1.761% 1.260% /07/17 10/15/19 ($3,904.18) Ford Credirt Auto Owner Trust ( 1.664% 2.010% $625, /15/20 ($1,723.55) GNMA Government National M 2.126% GNR A 1.900% $497, $1,986, $1,990, $1, $623, $624, $ $494, $495, $ $24,961, $25,017, /16/21 ($1,045.37) FNMA Federal National Mortga 1.858% FN AM % Totals: 535 $709, $ ($3,348.40) KAW KAW9 11/02/17 11/06/17 06/17/19 11/06/17 11/06/17 09/16/ AAD AAD5 $715, BAD6 $921, $924, $ $988, $991, $ $1,497, $1,499, $1, $1,128, $1,130, $ $706, % 1.390% Discover Card Executiion Note L04U2 ($55,835.06) AA