INVESTMENT PORTFOLIO SUMMARY REPORT

Transcription

1 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 Prepared by the Clerk of the Circuit Court and Comptroller Page 1

2 INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION May 31, 2018 SHORT TERM PORTFOLIO: May 31, 2018 Bank Accounts 30,484,814 32,996,198 Market Value 269,015,700 $ 271,707,683 Money Market Accounts 38,941,416 38,973,774 Local Government Investment Pools* 69,170,716 69,290,560 Short Term Portfolio Yield: 1.52% 1.56% Local Government Investment Pools** 70,280,369 70,308,765 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 1.78% 1.90% Certificates of Deposit 60,138,386 60,138,386 Money Market Mutual Fund 7,680,506 7,723,353 Fiscal YTD Earnings: 1,566, ,823,333 U.S. Treasury Bond/Notes 39,290,799 39,229,139 Federal Agency Bond/Note 27,461,705 27,460,996 Municipal Bonds 3,897,462 3,896,765 LONG TERM CORE PORTFOLIO: May 31, 2018 Corporate Notes 19,815,134 19,746,071 98,145,607 $ 98,056,325 Total Portfolio Assets: 367,161, ,764,008 CORE Portfolio Yield to Maturity at Market: 2.51% 2.60% TRUE Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.48% 2.58% Current Month Earnings: 568,864 $ 372,121 CORE Portfolio Total Return: 0.40% 0.00% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.48% -0.01% Fiscal Year to Date Earnings: 2,556,051 $ 2,928,172 *FL PRIME, FLCLASS, FL-FIT Effective Duration (Years) 2.05% 1.96 **FL TRUST Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.55% 2.58 Prepared by the Clerk of the Circuit Court and Comptroller Page 2

3 INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation Bank of America Checking Account $ 32,996, % Money Market Accounts 38,973, % Certificates of Deposit 60,138, % Local Government Investment Pools* 69,290, % Local Government Investment Pools** 70,308, % Bank Deposits 48.6% Short Term Portfolio Credit Quality AAAm 51.4% Total Short Term Portfolio Assets: $ 271,707, % *FL PRIME, FLCLASS, FL-FIT **FL TRUST TRUE LONG TERM INVESTMENT PORTFOLIO: Long Term Core Portfolio Credit Quality Investment Type Market Value Percent Allocation 0 A+ U.S. Treasury Bond / Note $ 39,229, % AA 5.86% A A Federal Agency Bond / Note 27,460, % 6.28% 4.44% 3.29% Municipal Obligations 3,896, % Corporate Note 19,746, % Money Market Mutual Fund - Federated Government 7,723, % AA 3.81% Total Long Term Core Portfolio Assets: $ 98,056, % #VALUE! AAA 0.54% #VALUE! TRUE AA % Prepared by the Clerk of the Circuit Court and Comptroller Page 3

4 INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance United States Treasury Securities 39,229, % 100% Yes Federal Instrumentalities 27,460, % 50% Yes Local Government Investment Pools 139,599, % 75% Yes Certificates of Deposit 60,138, % 50% Yes Savings Accounts 38,973, % 50% Yes Corporate Notes 19,746, % 25% Yes State and/or Local Government Debt 3,896, % 25% Yes Bank Accounts - Bank of America 32,996, % 100% Yes Money Market Mutual Fund 7,723, % 50% Yes Total Investment Holdings $ 369,764, % TRUE Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 993, % 5% Yes American Honda Finance 411, % 5% Yes Bank Accounts - Bank of America 32,996, % 100% Yes BBVA Compass 25,065, % 15% Yes Centennial Bank 30,140, % 15% Yes Caterpillar INC 730, % 5% Yes Cisco Systems Inc. 1,993, % 5% Yes City of New York 1,690, % 5% Yes Coca-Cola Company 315, % 5% Yes Deere & Company 1,147, % 5% Yes Exxon Mobil Corporate Notes 994, % 5% Yes Fannie Mae 8,168, % 5% Yes Federal Home Loan Bank (FHLB) 14,957, % 25% Yes Fidelity Institutional Government MMF 7,723, % 25% Yes FLCLASS 5,114, % 25% Yes FL-FIT 5,012, % 25% Yes Florida Prime (SBA) 59,163, % 25% Yes Florida Local Government Investment Trust 70,308, % 25% Yes Freddie Mac 4,335, % 25% Yes Hancock Bank 12,933, % 15% Yes Home Depot Inc. 461, % 5% Yes Intel Corporation 972, % 5% Yes International Business Machines 969, % 5% Yes JP Morgan Chase Corporate Notes 979, % 5% Yes Microsoft Corporate Notes 488, % 5% Yes Mississippi State 752, % 5% Yes Oracle Corp 973, % 5% Yes Pepsico, Inc. 1,029, % 5% Yes Pfizer Inc Corporate Notes 996, % 5% Yes Proctor & Gamble Co 637, % 5% Yes Prepared by the Clerk of the Circuit Court and Comptroller Page 4

5 INVESTMENT POLICY COMPLIANCE REPORT Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance Servisfirst Bank 30,972, % 15% Yes State of Connecticut 675, % 5% Yes State Street Corporation 991, % 5% Yes The Walt Disney Corporation 485, % 5% Yes Toyota Motor Corp 2,064, % 5% Yes United Parcel Service Inc. 485, % 5% Yes United States Treasury Securities 39,229, % 100% Yes University of WA Taxable Revenue Bonds 778, % 5% Yes Visa Inc 627, % 5% Yes Wells Fargo &Company Corporate Notes 996, % 5% Yes Total Investment Holdings $ 369,764, % Prepared by the Clerk of the Circuit Court and Comptroller Page 5