INVESTMENT PORTFOLIO SUMMARY REPORT

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2 INVESTMENT PORTFOLIO SUMMARY REPORT ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERS INVESTMENT PORTFOLIO SUMMARY REPORT Prepared by: Pam Childers Clerk of the Circuit Court & Comptroller First Judicial Circuit, Escambia County

3 INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION August 31, 2014 SHORT TERM PORTFOLIO: August 31, 2014 Bank Accounts $ 16,616,543 $ 20,927,243 Market Value $ 111,756,249 $ 101,081,912 Money Market Accounts 59,935,865 59,948,838 State Board of Administration 25,203,841 10,205,830 Certificates of Deposit 10,000,000 10,000,000 Short Term Portfolio Yield: 0.20% 0.20% Money Market Mutual Fund 1,581,036 1,008,854 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.09% 0.09% U.S. Treasury Bond/Notes 62,392,742 62,236,189 Federal Agency Bond/Note 35,957,370 35,917,499 Weighted Average Days to Maturity Municipal Bonds 2,552,848 2,549,052 Short Term Portfolio Yield: 1 Days 1 Day Corporate Notes 18,967,734 19,694,055 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 45 Days 43 Days Commercial Paper 4,992,813 4,992,813 Fiscal YTD Earnings: $ 171,078 $ 187,685 Total Portfolio Assets: $ 238,200,792 $ 227,480,374 Current Month Earnings: $ 122,896 $ 95,870 LONG TERM CORE PORTFOLIO: August 31, 2014 Market Value $ 126,444,543 $ 126,398,463 Fiscal Year to Date Earnings: $ 1,810,274 $ 1,906,144 CORE Portfolio Yield to Maturity at Cost: 0.88% 0.88% Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.47% 0.55% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.82% 0.94% Monthly Total Return Performance CORE Portfolio 0.29% -0.04% Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.17% -0.06% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.35% -0.18% Effective Duration (Years) CORE Portfolio Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: Fiscal YTD Earnings: $ 1,639,195 $ 1,718,459 Prepared by the Clerk of the Circuit Court and Comptroller Page 1

4 INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: Earnings Short Term Portfolio Yield: 0.20% Current Month Earnings: $ 16,607 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield 0.09% Year-to-Date Earnings: $ 187,685 PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Short Term Portfolio Credit Quality Investment Type Market Value Percent Allocation Bank of America Checking Account $ 20,927, % Money Market Accounts 59,948, % Certificates of Deposit 10,000, % State Board of Administration 10,205, % Total Short Term Portfolio Assets: $ 101,081, % Bank Deposits 89.9% AAAm 10.1% LONG TERM INVESTMENT PORTFOLIO: Earnings CORE Portfolio Yield to Maturity at Cost: 0.88% Current Month Earnings: $ 79,264 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.55% Year-to-Date Earnings: $ 1,718,459 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.94% PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Long Term Core Portfolio Credit Quality Investment Type Market Value Percent Allocation U.S. Treasury Bond / Note $ 62,236, % Federal Agency Bond / Note 35,917, % Municipal Obligations 2,549, % Corporate Note 19,694, % Commercial Paper 4,992, % Money Market Mutual Fund - Federated Government 1,008, % AA- 1.7% A+ 3.7% A 5.0% A- 2.1% A % AAA 1.2% Total Long Term Core Portfolio Assets: $ 126,398, % AA+ 81.3% Prepared by the Clerk of the Circuit Court and Comptroller Page 2

5 INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 10,205, % 25% Yes United States Treasury Securities 62,236, % 100% Yes Federal Instrumentalities 35,917, % 100% Yes Certificates of Deposit 10,000, % 20% Yes Savings Accounts 59,948, % 100% Yes Commercial Paper 4,992, % 25% Yes Corporate Notes 19,694, % 20% Yes State and/or Local Government Debt 2,549, % 25% Yes Bank Accounts - Bank of America 20,927, % 100% Yes Money Market Mutual Fund 1,008, % 50% Yes Total Investment Holdings $ 227,480, % Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 10,205, % 25% Yes United States Treasury Securities 62,236, % 100% Yes Federal Home Loan Bank (FHLB) 9,549, % 25% Yes Federal National Mortgage Association (FNMA) 19,935, % 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 6,432, % 25% Yes Branch Banking and Trust Money Market Account 4,794, % 10% Yes Hancock Bank Money Market Account 17,520, % 10% Yes Summit Bank Money Market Account 17,524, % 10% Yes Servisfirst Money Market Account 20,108, % 10% Yes Centennial Bank Certificate of Deposit 10,000, % 10% Yes American Honda Finance 903, % 5% Yes Apple Inc. Corporate Notes 728, % 5% Yes Bank of New York Mellon Corporate Notes 750, % 5% Yes Caterpillar Corporate Notes 1,452, % 5% Yes Coca-Cola Company 579, % 5% Yes General Electric Corporate Notes 4,035, % 5% Yes John Deere Corporate Notes 768, % 5% Yes JP Morgan Chase Corporate Notes 3,789, % 5% Yes Pepsico, Inc. 2,668, % 5% Yes Toyota Corporate Notes 1,102, % 5% Yes Wells Fargo &Company Corporate Notes 2,916, % 5% Yes Michigan State Municipal Bond 1,041, % 10% Yes Calleguas Water District, CA REV Bond 1,507, % 10% Yes Bank of Tokyo Commercial Paper 998, % 10% Yes Coca-Cola Co. Commercial Paper 1,996, % 10% Yes Sumitomo TR & Banking Commercial Paper 998, % 10% Yes Toyota Motor Credit Commercial Paper 998, % 10% Yes Money Market Mutual Fund - Institutional Government 1,008, % 25% Yes Bank Accounts - Bank of America 20,927, % 100% Yes Total Investment Holdings $ 227,480, % Prepared by the Clerk of the Circuit Court and Comptroller Page 4