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 June 30, 2015 SHORT TERM PORTFOLIO: June 30, 2015 Bank Accounts $ 22,497,489 $ 9,632,210 Market Value $ 143,019,016 $ 126,245,800 Money Market Accounts 55,261,074 55,272,405 State Board of Administration 55,260,453 51,341,185 Short Term Portfolio Yield: 0.21% 0.24% Certificates of Deposit 10,000,000 10,000,000 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.14% 0.14% Money Market Mutual Fund 178,051 183,226 U.S. Treasury Bond/Notes 41,131,014 40,681,819 Fiscal YTD Earnings: $ 191,437 $ 292,193 Federal Agency Bond/Note 44,547,761 44,576,378 Municipal Bonds 5,445,117 5,466,349 Corporate Notes 24,016,281 24,573,910 ENHANCED CASH PORTFOLIO: June 30, 2015 Commercial Paper 12,573,487 12,570,037 Market Value $ 40,121,892 $ 40,140,693 Total Portfolio Assets: $ 270,910,727 $ 254,297,520 Enhanced Cash Portfolio Yield to Maturity at Cost: 0.66% 0.67% Benchmark Merrill Lynch 1 Year U.S. Treasury Index: 0.31% 0.32% Current Month Earnings: $ 108,861 $ 217,784 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.60% 0.63% Fiscal Year to Date Earnings: $ 1,250,606 $ 1,468,390 Effective Duration (Years) 1.29 1.25 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.80 1.79 Fiscal YTD Earnings: $ 123,893 $ 146,797 LONG TERM CORE PORTFOLIO: June 30, 2015 Market Value $ 87,769,819 $ 87,911,026 CORE Portfolio Yield to Maturity at Cost: 1.19% 1.20% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.91% 0.91% CORE Portfolio Total Return: -0.08% 0.22% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: -0.10% 0.19% Effective Duration (Years) 2.59 2.57 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.64 2.62 Fiscal YTD Earnings: $ 935,276 $ 1,029,400 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 $ 9,632,210 7.6% Money Market Accounts 55,272,405 43.8% Certificates of Deposit 10,000,000 7.9% State Board of Administration 51,341,185 40.7% Total Short Term Portfolio Assets: $ 126,245,800 100.0% Bank Deposits 59.3% Short Term Portfolio Credit Quality AAAm 40.7% 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 $ 36,174,515 41.1% U.S. Treasury Bond / Note $ 4,507,305 11.2% Federal Agency Bond / Note 26,550,283 30.2% Federal Agency Bond / Note 18,026,095 44.9% Municipal Obligations 5,466,349 6.2% Corporate Note 7,534,192 18.8% Commercial Paper 2,593,659 3.0% Commercial Paper 9,976,379 24.9% Corporate Note 17,039,718 19.4% Money Market Mutual Fund - Federated Government 96,723 0.2% Money Market Mutual Fund - Federated Government 86,503 0.1% Total Long Term Core Portfolio Assets: $ 87,911,026 100.0% Total Enhanced Cash Portfolio Assets: $ 40,140,693 100.0% AA 1.65% A+ 5.76% Long Term Core Portfolio Credit Quality A 2.83% FALSE A 5.66% AAA 1.72% A 1+ 14.93% A 1 9.98% AA 3.75% Enhanced Cash Portfolio Credit Quality AAA 1.87% AA+ 75.19% A 5.68% A+ 3.76% AA+ 60.03% 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) $ 51,341,185 20.2% 25% Yes United States Treasury Securities 40,681,819 16.0% 100% Yes Federal Instrumentalities 44,576,378 17.5% 100% Yes Certificates of Deposit 10,000,000 3.9% 20% Yes Savings Accounts 55,272,405 21.7% 100% Yes Commercial Paper 12,570,037 4.9% 25% Yes Corporate Notes 24,573,910 9.7% 20% Yes State and/or Local Government Debt 5,466,349 2.1% 25% Yes Bank Accounts - Bank of America 9,632,210 3.8% 100% Yes Money Market Mutual Fund 183,226 0.1% 50% Yes Total Investment Holdings $ 254,297,520 100.0% Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance American Express Co 2,488,530 1.0% 5% Yes American Honda Finance 902,819 0.4% 5% Yes Apple Inc. Corporate Notes 750,122 0.3% 5% Yes Bank Accounts - Bank of America 9,632,210 3.8% 100% Yes Bank of New York Mellon Corporate Notes 1,997,466 0.8% 5% Yes BNP Paribas 2,593,659 1.0% 5% Yes Calleguas Water District, CA REV Bond 1,512,150 0.6% 10% Yes Caterpillar Corporate Notes 752,822 0.3% 5% Yes Cisco Systems Inc. 2,008,208 0.8% 5% Yes City of New York 1,716,269 0.7% 10% Yes Chevron Corporation Corp Notes 751,862 0.3% 5% Yes Coca-Cola Co. Commercial Paper 1,996,600 0.8% 10% Yes Exxon Mobil Corporate Notes 750,470 0.3% 5% Yes Federal Farm Credit Bank 6,509,716 2.6% 5% Yes Federal Home Loan Bank (FHLB) 8,663,404 3.4% 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 11,861,560 4.7% 25% Yes Federal National Mortgage Association (FNMA) 17,541,699 6.9% 25% Yes Fidelity Institutional Government MMF 183,226 0.1% 25% Yes Florida Prime (SBA) 51,341,185 20.2% 25% Yes General Electric Corporate Notes 3,266,409 1.3% 5% Yes Hancock Bank 22,557,058 8.9% 10% Yes HSBC Holdings PLC 998,764 0.4% 5% Yes John Deere Corporate Notes 760,511 0.3% 5% Yes JP Morgan Chase Corporate Notes 2,758,058 1.1% 5% Yes Merk & Co Corporate Notes 751,113 0.3% 5% Yes Mississippi State 759,421 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 0.8% 10% Yes PACCAR Financial Corp Notes 751,253 0.3% 5% Yes Pepsico, Inc. 1,975,302 0.8% 5% Yes Servisfirst Bank 25,154,178 9.9% 10% Yes State of Connecticut 688,452 0.3% 10% Yes Sumitomo Mitsui Trust NY Commercial Paper 1,995,832 0.8% 10% Yes Summit Bank Money Market Account 17,561,169 6.9% 10% Yes Toronto Dominion HDG USA Commercial Paper 1,992,704 0.8% 10% Yes Toyota Motor Credit Commercial Paper 1,994,121 0.8% 10% Yes United States Treasury Securities 40,681,819 16.0% 100% Yes University of WA Taxable Revenue Bonds 790,057 0.3% 10% Yes Wells Fargo &Company Corporate Notes 2,910,200 1.1% 5% Yes Total Investment Holdings $ 254,297,520 100.0% Prepared by the Clerk of the Circuit Court and Comptroller Page 5