INVESTMENT PORTFOLIO SUMMARY REPORT

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

INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION May 31, 2015 SHORT TERM PORTFOLIO: May 31, 2015 Bank Accounts $ 20,860,302 $ 22,497,489 Market Value $ 141,361,035 $ 143,019,016 Money Market Accounts 55,250,111 55,261,074 State Board of Administration 55,250,621 55,260,453 Short Term Portfolio Yield: 0.21% 0.21% Certificates of Deposit 10,000,000 10,000,000 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.13% 0.14% Money Market Mutual Fund 134,464 178,051 U.S. Treasury Bond/Notes 47,205,301 41,131,014 Fiscal YTD Earnings: $ 167,149 $ 191,437 Federal Agency Bond/Note 40,566,510 44,547,761 Municipal Bonds 5,449,411 5,445,117 Corporate Notes 22,058,484 24,016,281 ENHANCED CASH PORTFOLIO: May 31, 2015 Commercial Paper 12,575,645 12,573,487 Market Value $ 40,102,236 $ 40,121,892 Total Portfolio Assets: $ 269,350,849 $ 270,910,727 Enhanced Cash Portfolio Yield to Maturity at Cost: 0.57% 0.66% Benchmark Merrill Lynch 1 Year U.S. Treasury Index: 0.26% 0.31% Current Month Earnings: $ 144,059 $ 108,861 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.56% 0.60% Fiscal Year to Date Earnings: $ 1,141,745 $ 1,250,606 Effective Duration (Years) 1.14 1.29 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.77 1.80 Fiscal YTD Earnings: $ 100,340 $ 123,893 LONG TERM CORE PORTFOLIO: May 31, 2015 Market Value $ 87,887,578 $ 87,769,819 CORE Portfolio Yield to Maturity at Cost: 1.17% 1.19% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.83% 0.91% CORE Portfolio Total Return: 0.09% -0.08% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.09% -0.10% Effective Duration (Years) 2.67 2.59 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.60 2.64 Fiscal YTD Earnings: $ 874,256 $ 935,276 Prepared by the Clerk of the Circuit Court and Comptroller Page 1

INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: Investment Type Market Value Percent Allocation Bank of America Checking Account $ 22,497,489 15.7% Money Market Accounts 55,261,074 38.6% Certificates of Deposit 10,000,000 7.0% State Board of Administration 55,260,453 38.6% Total Short Term Portfolio Assets: $ 143,019,016 100.0% Bank Deposits 61.4% Short Term Portfolio Credit Quality AAAm 38.6% LONG TERM INVESTMENT PORTFOLIO: ENHANCED CASH INVESTMENT PORTFOLIO: Investment Type Market Value Percent Allocation Investment Type Market Value Percent Allocation U.S. Treasury Bond / Note $ 36,623,476 41.7% U.S. Treasury Bond / Note $ 4,507,539 11.2% Federal Agency Bond / Note 26,529,540 30.2% Federal Agency Bond / Note 18,018,221 44.9% Municipal Obligations 5,445,117 6.2% Corporate Note 7,533,729 18.8% Commercial Paper 2,592,169 3.0% Commercial Paper 9,981,318 24.9% Corporate Note 16,482,552 18.8% Money Market Mutual Fund - Federated Government 81,085 0.2% Money Market Mutual Fund - Federated Government 96,966 0.1% Total Long Term Core Portfolio Assets: $ 87,769,819 100.0% Total Enhanced Cash Portfolio Assets: $ 40,121,892 100.0% AA 1.64% A+ 5.77% Long Term Core Portfolio Credit Quality A 2.84% FALSE A 5.66% AAA 1.72% A 1+ 14.96% A 1 9.98% AA 3.75% Enhanced Cash Portfolio Credit Quality AAA 1.87% AA+ 75.17% A 5.68% A+ 3.76% AA+ 60.00% Prepared by the Clerk of the Circuit Court and Comptroller Page 2

INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 55,260,453 20.4% 25% Yes United States Treasury Securities 41,131,014 15.2% 100% Yes Federal Instrumentalities 44,547,761 16.4% 100% Yes Certificates of Deposit 10,000,000 3.7% 20% Yes Savings Accounts 55,261,074 20.4% 100% Yes Commercial Paper 12,573,487 4.6% 25% Yes Corporate Notes 24,016,281 8.9% 20% Yes State and/or Local Government Debt 5,445,117 2.0% 25% Yes Bank Accounts - Bank of America 22,497,489 8.3% 100% Yes Money Market Mutual Fund 178,051 0.1% 50% Yes Total Investment Holdings $ 270,910,727 100.0% Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 2,490,588 0.9% 5% Yes American Honda Finance 902,573 0.3% 5% Yes Apple Inc. Corporate Notes 749,648 0.3% 5% Yes Bank Accounts - Bank of America 22,497,489 8.3% 100% Yes Bank of New York Mellon Corporate Notes 1,998,820 0.7% 5% Yes BNP Paribas 2,592,169 1.0% 5% Yes Calleguas Water District, CA REV Bond 1,507,020 0.6% 10% Yes Caterpillar Corporate Notes 751,862 0.3% 5% Yes Cisco Systems Inc. 2,007,106 0.7% 5% Yes City of New York 1,708,976 0.6% 10% Yes Chevron Corporation Corp Notes 752,129 0.3% 5% Yes Coca-Cola Co. Commercial Paper 1,996,600 0.7% 10% Yes Exxon Mobil Corporate Notes 750,329 0.3% 5% Yes Federal Farm Credit Bank 6,506,764 2.4% 5% Yes Federal Home Loan Bank (FHLB) 8,662,163 3.2% 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 11,851,085 4.4% 25% Yes Federal National Mortgage Association (FNMA) 17,527,749 6.5% 25% Yes Fidelity Institutional Government MMF 178,051 0.1% 25% Yes Florida Prime (SBA) 55,260,453 20.4% 25% Yes General Electric Corporate Notes 2,712,673 1.0% 5% Yes Hancock Bank 22,553,331 8.3% 10% Yes HSBC Holdings PLC 997,249 0.4% 5% Yes John Deere Corporate Notes 760,693 0.3% 5% Yes JP Morgan Chase Corporate Notes 2,755,681 1.0% 5% Yes Merk & Co Corporate Notes 749,978 0.3% 5% Yes Mississippi State 756,023 0.3% 10% Yes Prepared by the Clerk of the Circuit Court and Comptroller Page 5

INVESTMENT POLICY COMPLIANCE REPORT Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance MUFG Union Bank Commercial Paper 1,997,122 0.7% 10% Yes PACCAR Financial Corp Notes 751,095 0.3% 5% Yes Pepsico, Inc. 1,974,844 0.7% 5% Yes Servisfirst Bank 25,149,556 9.3% 10% Yes State of Connecticut 685,950 0.3% 10% Yes Sumitomo Mitsui Trust NY Commercial Paper 1,999,020 0.7% 10% Yes Summit Bank Money Market Account 17,558,187 6.5% 10% Yes Toronto Dominion HDG USA Commercial Paper 1,992,704 0.7% 10% Yes Toyota Motor Credit Commercial Paper 1,995,872 0.7% 10% Yes United States Treasury Securities 41,131,014 15.2% 100% Yes University of WA Taxable Revenue Bonds 787,147 0.3% 10% Yes Wells Fargo &Company Corporate Notes 2,911,015 1.1% 5% Yes Total Investment Holdings $ 270,910,727 100.0% Prepared by the Clerk of the Circuit Court and Comptroller Page 5