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

3 INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION December 31, 2015 SHORT TERM PORTFOLIO: December 31, 2015 Bank Accounts $ 13,434,774 $ 22,813,977 Market Value $ 164,689,817 $ 164,111,136 Money Market Accounts 55,866,437 60,880,724 State Board of Administration 95,388,605 60,416,435 Short Term Portfolio Yield: 0.29% 0.38% Certificates of Deposit - 20,000,000 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.23% 0.31% Money Market Mutual Fund 2,059, ,816 U.S. Treasury Bond/Notes 46,043,215 49,361,834 Fiscal YTD Earnings: $ 68,307 $ 118,450 Federal Agency Bond/Note 43,303,479 43,530,292 Municipal Bonds 5,425,324 5,473,399 Corporate Notes 21,609,241 20,911,412 ENHANCED CASH PORTFOLIO: December 31, 2015 Commercial Paper 9,574,276 9,576,646 Market Value $ 33,679,169 $ 31,056,214 Total Portfolio Assets: $ 292,705,185 $ 293,198,536 Enhanced Cash Portfolio Yield to Maturity at Cost: 0.67% 0.71% Benchmark Merrill Lynch 1 Year U.S. Treasury Index: 0.76% 0.62% Current Month Earnings: $ 140,866 $ 169,627 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.04% 0.79% Fiscal Year to Date Earnings: $ 421,713 $ 583,682 Effective Duration (Years) Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: Fiscal YTD Earnings: $ 72,663 $ 91,231 LONG TERM CORE PORTFOLIO: December 31, 2015 Market Value $ 94,336,199 $ 98,031,186 CORE Portfolio Yield to Maturity at Cost: 1.30% 1.29% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 1.27% 0.96% CORE Portfolio Total Return: -0.16% 1.02% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: -0.15% 1.08% Effective Duration (Years) Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: Fiscal YTD Earnings: $ 280,743 $ 374,001 Prepared by the Clerk of the Circuit Court and Comptroller Page 2

4 INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation Bank of America Checking Account $ 22,813, % Money Market Accounts 60,880, % Certificates of Deposit 20,000, % State Board of Administration 60,416, % Total Short Term Portfolio Assets: $ 164,111, % Bank Deposits 63.2% Short Term Portfolio Credit Quality AAAm 36.8% LONG TERM INVESTMENT PORTFOLIO: ENHANCED CASH INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation Investment Type Market Value Percent Allocation U.S. Treasury Bond / Note $ 47,362, % U.S. Treasury Bond / Note $ 1,999, % Federal Agency Bond / Note 25,508, % Federal Agency Bond / Note 18,021, % Municipal Obligations 5,473, % Corporate Note 6,006, % Commercial Paper 4,595, % Commercial Paper 4,981, % Corporate Note 14,905, % Money Market Mutual Fund - Federated Government 48, % Money Market Mutual Fund - Federated Government 185, % Total Long Term Core Portfolio Assets: $ 98,031, % Total Enhanced Cash Portfolio Assets: $ 31,056, % AA 2.07% AA 3.25% A+ 0.92% A 5.08% Long Term Core Portfolio Credit Quality A A 1+ A 1 FALSE 4.58% 2.04% 2.66% AAA 1.54% A 4.86% A % A % Enhanced Cash Portfolio Credit Quality AA 4.85% AAA 2.41% AA % A+ 4.85% AA % Prepared by the Clerk of the Circuit Court and Comptroller Page 3

5 INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 60,416, % 25% No United States Treasury Securities 49,361, % 100% Yes Federal Instrumentalities 43,530, % 100% Yes Certificates of Deposit 20,000, % 20% Yes Savings Accounts 60,880, % 100% Yes Commercial Paper 9,576, % 25% Yes Corporate Notes 20,911, % 20% Yes State and/or Local Government Debt 5,473, % 25% Yes Bank Accounts - Bank of America 22,813, % 100% Yes Money Market Mutual Fund 233, % 50% Yes Total Investment Holdings $ 293,198, % Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 2,488, % 5% Yes American Honda Finance 901, % 5% Yes Apple Inc. Corporate Notes 749, % 5% Yes Bank Accounts - Bank of America 22,813, % 100% Yes Bank of New York Mellon Corporate Notes 2,002, % 5% Yes BBVA Compass 5,000, % 10% Yes BNP Paribas 2,599, % 5% Yes Calleguas Water District, CA REV Bond 1,506, % 10% Yes Caterpillar Corporate Notes 751, % 5% Yes Centennial Bank 10,000, % 10% Yes Chevron Corporation Corp Notes 750, % 5% Yes Cisco Systems Inc. 2,020, % 5% Yes City of New York 1,719, % 10% Yes Coca-Cola Co. Commercial Paper 1,991, % 10% Yes Exxon Mobil Corporate Notes 748, % 5% Yes Federal Farm Credit Bank 6,509, % 5% Yes Federal Home Loan Bank (FHLB) 8,651, % 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 11,890, % 25% Yes Federal National Mortgage Association (FNMA) 16,479, % 25% Yes Fidelity Institutional Government MMF 233, % 25% Yes Florida Prime (SBA) 60,416, % 25% Yes General Electric Corporate Notes 2,521, % 5% Yes Hancock Bank 27,600, % 10% Yes HSBC Holdings PLC 995, % 5% Yes John Deere Corporate Notes 754, % 5% Yes Prepared by the Clerk of the Circuit Court and Comptroller Page 4

6 INVESTMENT POLICY COMPLIANCE REPORT Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance JP Morgan Chase Corporate Notes 1,997, % 5% Yes Merk & Co Corporate Notes 750, % 5% Yes Mississippi State 765, % 10% Yes PACCAR Financial Corp Notes 750, % 5% Yes Pepsico, Inc. 1,977, % 5% Yes Servisfirst Bank 27,706, % 10% Yes State of Connecticut 690, % 10% Summit Bank Money Market Account 10,574, % 10% Yes Toronto Dominion HDG USA Commercial Paper 1,992, % 10% Yes Toyota Motor Credit Commercial Paper 2,992, % 10% Yes United States Treasury Securities 49,361, % 100% Yes University of WA Taxable Revenue Bonds 791, % 10% Yes Wells Fargo &Company Corporate Notes 751, % 5% Yes Total Investment Holdings $ 293,198, % Prepared by the Clerk of the Circuit Court and Comptroller Page 5