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 February 28, 2015 SHORT TERM PORTFOLIO: February 28, 2015 Bank Accounts $ 25,735,293 $ 23,021,734 Market Value $ 140,176,096 $ 144,482,306 Money Market Accounts 55,216,456 55,227,826 State Board of Administration 49,224,348 56,232,746 Short Term Portfolio Yield: 0.21% 0.20% Certificates of Deposit 10,000,000 10,000,000 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.12% 0.13% Money Market Mutual Fund 3,538,118 2,139,683 U.S. Treasury Bond/Notes 47,630,657 49,121,358 Fiscal YTD Earnings: $ 96,509 $ 119,886 Federal Agency Bond/Note 43,209,330 36,591,500 Municipal Bonds 2,262,611 5,458,962 Corporate Notes 20,704,311 24,515,971 ENHANCED CASH PORTFOLIO: February 28, 2015 Commercial Paper 9,984,418 9,983,293 Market Value $ 40,042,134 $ 40,092,929 Total Portfolio Assets: $ 267,505,542 $ 272,293,073 Enhanced Cash Portfolio Yield to Maturity at Cost: 0.48% 0.51% Benchmark Merrill Lynch 1 Year U.S. Treasury Index: 0.23% 0.27% Current Month Earnings: $ 126,440 $ 133,332 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.58% 0.53% Fiscal Year to Date Earnings: $ 741,874 $ 875,205 Effective Duration (Years) 1.2 1.10 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.79 1.79 Fiscal YTD Earnings: $ 44,539 $ 62,625 LONG TERM CORE PORTFOLIO: February 28, 2015 Market Value $ 87,287,312 $ 87,717,838 CORE Portfolio Yield to Maturity at Cost: 1.06% 1.14% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.87% 0.79% CORE Portfolio Total Return: -0.42% 0.43% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: -0.51% 0.42% Effective Duration (Years) 2.52 2.70 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.60 2.63 Fiscal YTD Earnings: $ 600,826 $ 692,695 Prepared by the Clerk of the Circuit Court and Comptroller Page 1

INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Investment Type Market Value Percent Allocation Bank of America Checking Account $ 23,021,734 15.9% Money Market Accounts 55,227,826 38.2% Certificates of Deposit 10,000,000 6.9% State Board of Administration 56,232,746 38.9% Total Short Term Portfolio Assets: $ 144,482,306 100.0% Bank Deposits 61.1% Short Term Portfolio Credit Quality AAAm 38.9% 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 $ 38,609,405 44.0% U.S. Treasury Bond / Note $ 10,511,954 26.2% Federal Agency Bond / Note 26,570,000 30.3% Federal Agency Bond / Note 10,021,500 25.0% Municipal Obligations 5,458,962 6.2% Corporate Note 7,551,449 18.8% Corporate Note 16,964,522 19.3% Commercial Paper 9,983,293 24.9% Money Market Mutual Fund - Federated Government 114,949 0.1% Money Market Mutual Fund - Federated Government 2,024,734 5.1% Total Long Term Core Portfolio Assets: $ 87,717,838 100.0% Total Enhanced Cash Portfolio Assets: $ 40,092,929 100.0% AA 1.26% AA 2.31% A+ 4.35% Long Term Core Portfolio Credit Quality A 5.11% FALSE A 4.24% AAA 1.72% A 1 15.74% A 1+ 10.49% AA 3.95% Enhanced Cash Portfolio Credit Quality AAA 1.98% AA+ 79.05% A 6.00% A+ 3.96% AA+ 57.88% 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) $ 56,232,746 20.7% 25% Yes United States Treasury Securities 49,121,358 18.0% 100% Yes Federal Instrumentalities 36,591,500 13.4% 100% Yes Certificates of Deposit 10,000,000 3.7% 20% Yes Savings Accounts 55,227,826 20.3% 100% Yes Commercial Paper 9,983,293 3.7% 25% Yes Corporate Notes 24,515,971 9.0% 20% Yes State and/or Local Government Debt 5,458,962 2.0% 25% Yes Bank Accounts - Bank of America 23,021,734 8.5% 100% Yes Money Market Mutual Fund 2,139,683 0.8% 50% Yes Total Investment Holdings $ 272,293,073 100.0% Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 2,499,508 0.9% 5% Yes American Honda Finance 904,928 0.3% 5% Yes Apple Inc. Corporate Notes 750,168 0.3% 5% Yes Bank Accounts - Bank of America 23,021,734 8.5% 100% Yes Bank of New York Mellon Corporate Notes 751,187 0.3% 5% Yes Bank of Tokyo Commercial Paper 1,997,033 0.7% 10% Yes Calleguas Water District, CA REV Bond 1,508,040 0.6% 10% Yes Caterpillar Corporate Notes 1,454,501 0.5% 5% Yes City of New York 1,719,278 0.6% 10% Yes Chevron Corporation Corp Notes 753,372 0.3% 5% Yes Coca-Cola Co. Commercial Paper 1,996,150 0.7% 10% Yes Coca-Cola Company 580,783 0.2% 5% Yes Exxon Mobil Corporate Notes 752,492 0.3% 5% Yes Federal Farm Credit Bank 500,875 0.2% 5% Yes Federal Home Loan Bank (FHLB) 8,667,236 3.2% 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 9,872,705 3.6% 25% Yes Federal National Mortgage Association (FNMA) 17,550,684 6.4% 25% Yes Fidelity Institutional Government MMF 2,139,683 0.8% 25% Yes Florida Prime (SBA) 56,232,746 20.7% 25% Yes General Electric Corporate Notes 4,029,926 1.5% 5% Yes Hancock Bank 22,542,395 8.3% 10% Yes HSBC Holdings PLC 1,001,872 0.4% 5% Yes John Deere Corporate Notes 764,222 0.3% 5% Yes JP Morgan Chase Corporate Notes 2,775,054 1.0% 5% Yes Merk & Co Corporate Notes 751,049 0.3% 5% Yes Mississippi State 760,454 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 752,852 0.3% 5% Yes Pepsico, Inc. 1,978,361 0.7% 5% Yes Servisfirst Bank 25,135,997 9.2% 10% Yes State of Connecticut 680,354 0.2% 10% Yes Sumitomo Mitsui Trust NY Commercial Paper 1,997,116 0.7% 10% Yes Summit Bank Money Market Account 17,549,434 6.4% 10% Yes Toyota Corporate Notes 1,103,565 0.4% 5% Yes Toyota Motor Credit Commercial Paper 1,995,872 0.7% 10% Yes United States Treasury Securities 49,121,358 18.0% 100% Yes University of WA Taxable Revenue Bonds 790,836 0.3% 10% Yes Wells Fargo &Company Corporate Notes 2,912,131 1.1% 5% Yes Total Investment Holdings $ 272,293,073 100.0% Prepared by the Clerk of the Circuit Court and Comptroller Page 5