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
INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION June 30, 2018 SHORT TERM PORTFOLIO: June 30, 2018 Bank Accounts 32,996,198 23,450,020 Market Value $271,707,683 $269,391,667 Money Market Accounts 38,973,774 39,009,222 Local Government Investment Pools* 69,290,560 76,428,482 Short Term Portfolio Yield: 1.56% 1.6 Local Government Investment Pools** 70,308,765 70,365,558 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 1.90% 1.97% Certificates of Deposit 60,138,386 60,138,386 Money Market Mutual Fund 7,723,353 943,860 Fiscal YTD Earnings: $1,823,333 $2,131,804 U.S. Treasury Bond/Notes 39,229,139 39,133,018 Federal Agency Bond/Note 27,460,996 27,469,170 Municipal Bonds 3,896,765 3,895,458 LONG TERM CORE PORTFOLIO: June 30, 2018 Corporate Notes 19,746,071 19,757,511 Market Value $98,056,325 $91,199,016 Total Portfolio Assets: 369,764,008 360,590,683.49 CORE Portfolio Yield to Maturity at Market: 2.60% 2.67% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.58% 2.71% Current Month Earnings: 372,121 434,861 CORE Portfolio Total Return: 0.00% 0.07% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: -0.01% -0.09% Fiscal Year to Date Earnings: 2,928,172 3,363,019 *FL PRIME, FLCLASS, FL-FIT Effective Duration (Years) 1.96 1.88 **FL TRUST Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.58 2.56 Fiscal YTD Earnings: 1,104,839 1,231,216 Prepared by the Clerk of the Circuit Court and Comptroller Page 2
INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Bank of America Checking Account $ 23,450,020 8.7% Money Market Accounts 39,009,222 14. Certificates of Deposit 60,138,386 22.3% Local Government Investment Pools* 76,428,482 28.4% Local Government Investment Pools** 70,365,558 26.1% Bank Deposits 45. Short Term Portfolio Credit Quality AAAm 54. Total Short Term Portfolio Assets: *FL PRIME, FLCLASS, FL-FIT **FL TRUST LONG TERM INVESTMENT PORTFOLIO: $ 269,391,667 100.0% 43312 Investment Type U.S. Treasury Bond / Note $ 39,133,018 42.9% Federal Agency Bond / Note 27,469,170 30.1% Municipal Obligations 3,895,458 4.3% Corporate Note 19,757,511 21.7% Money Market Mutual Fund - Federated Government 943,860 1.0% Total Long Term Core Portfolio Assets: $ 91,199,016 100.0% #VALUE! AA 6.28% AA 3.81% Long Term Core Portfolio Credit 0 Quality A+ 5.86% A A AAA 4.44% 3.29% 0.54% #VALUE! AA+ 75.78% Prepared by the Clerk of the Circuit Court and Comptroller Page 3
INVESTMENT POLICY COMPLIANCE REPORT Security Type United States Treasury Securities Federal Instrumentalities Local Government Investment Pools Certificates of Deposit Savings Accounts Corporate Notes State and/or Local Government Debt Bank Accounts - Bank of America Money Market Mutual Fund Total Investment Holdings $ Permitted by Policy 7 2 2 In Compliance Individual Issuer Breakdown American Express Co American Honda Finance Bank Accounts - Bank of America BBVA Compass Centennial Bank Caterpillar INC Cisco Systems Inc. City of New York Coca-Cola Company Deere & Company Exxon Mobil Corporate Notes Fannie Mae Federal Home Loan Bank (FHLB) Fidelity Institutional Government MMF FLCLASS FL-FIT Florida Prime (SBA) Florida Local Government Investment Trust Freddie Mac Hancock Bank Home Depot Inc. Intel Corporation International Business Machines JP Morgan Chase Corporate Notes Microsoft Corporate Notes Mississippi State Oracle Corp Pepsico, Inc. Pfizer Inc Corporate Notes Proctor & Gamble Co 39,133,018 10.9% 27,469,170 7.6% 146,794,039 40.7% 60,138,386 16.7% 39,009,222 10.8% 19,757,511 5. 3,895,458 1.1% 23,450,020 6. 943,860 0.3% 360,590,683 100.0% 43312 995,127 0.3% 411,679 0.1% 23,450,020 6. 25,065,424 7.0% 30,154,875 8.4% 731,742 1,994,082 0.6% 1,689,273 0. 314,621 0.1% 1,153,760 0.3% 996,106 0.3% 8,161,638 2.3% 14,968,233 4.2% 943,860 0.3% 5,124,231 1.4% 12,029,352 3.3% 59,274,899 16.4% 70,365,558 19. 4,339,299 1.2% 12,946,074 3.6% 461,286 0.1% 972,552 0.3% 969,528 0.3% 981,870 0.3% 487,815 0.1% 751,997 976,151 0.3% 1,025,099 0.3% 996,816 0.3% 635,892 Permitted by Policy 1 1 2 2 2 2 2 2 2 1 In Compliance Prepared by the Clerk of the Circuit Court and Comptroller Page 4
INVESTMENT POLICY COMPLIANCE REPORT Individual Issuer Breakdown Permitted by Policy In Compliance Servisfirst Bank State of Connecticut State Street Corporation The Walt Disney Corporation Toyota Motor Corp United Parcel Service Inc. United States Treasury Securities University of WA Taxable Revenue Bonds Visa Inc Wells Fargo &Company Corporate Notes 30,981,234 675,689 990,958 485,066 2,065,176 484,700 39,133,018 778,499 629,414 998,072 8.6% 0.3% 0.1% 0.6% 0.1% 10.9% 0.3% 1 Total Investment Holdings $ 360,590,683 100.0% Prepared by the Clerk of the Circuit Court and Comptroller Page 5