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Home My WebLink AboutA200 Investment Report (Finance) (2)t, i,. ,11f.0 IA. .fper a id r We City Council Staff Report April 1, 2014 ITEM Staff Report: Investment Report for the quarter ended December 31, 2013. BACKGROUND The California Government Code (§ 53646(b)) requires that, when the treasurer or the chief fiscal officer of a local agency renders to the legislative body of the agency a quarterly report on the agency's investment portfolio, such report shall include the following information regarding all securities, investments, and moneys held by the local agency: type of investment; issuer (bank or institution); i> date of maturity; dollar amount invested; and current market valuation as of the date of the report. In addition, the Government Code (§ 53646(b)(2)) requires that the report state the City's compliance with its investment policy and include a statement regarding the ability of the local agency to meet its pool's ability to meet its expenditure requirements Code (§ 53646(b)(3)). OVERVIEW OF CITY INVESTMENTS The City's pooled investment portfolio balance as of December 31, 2013 is summarized below and compared to the balance as of December 31, 2012. 12/31/2013 12/31/2012 Book Value 1 $ 53,827,452 $ 50,092,837 Market Value 2 $ 53,632,781 $ 49,944,406 (1) actual cost of investments (2) amount at which the investments could be sold The California Treasurer's Local Agency Investment Fund ("LAIF") and The County of San Diego Pooled Money Fund comprise 57.72% of the City of National City's total investment portfolio (48.37% and 9.35 %, respectively). These are liquid investment pools that allow participants to earn market rate returns, while retaining access to funds within 24 to 48 hours of a withdrawal request with no penalty. The remainder of the City's portfolio is composed of investments that may be liquidated at any time. However, these investments likely do not provide Page 2 Staff Report: Investment Report for the quarter ended December 31, 2013. April 1, 2014 the short liquidity (i.e., quick access to funds) of the pooled money funds, and liquidation/withdrawal of these investments is at the risk of loss and/or penalty to the City. Summaries of the City's investment portfolio are illustrated below. INVESTMENT PORTFOLIO SUMMARY BY ISSUER/MANAGER As of December 31, 2013 Issuer/Manager Total Market %of Book Value Market Value YTM Portfolio Local Agency Investment Fund 25.934,249 25,941,703 - 026% 48.37% Chandler Asset Management 20,393,203 20,160,463 0.50% 37.59% County of San Diego 5,000,000 5,014,000 0.42% 9.35% Neighborhood National Bank 2,000,000 2,000,000 0.65% 3.73% First Tennessee National Bank 500,000 516,620 2.00% 0.96% Totals for December 2013 53,827,452 53,632,781 0.00 100.00% 1 Includes accrued interest 2 calculated on 30/360 basis TOTAL MARKET VALUE $53,632,781 Neighborhood National Bank $2,000.000 County of San., Diego $5.0 14.000 104001‘ 11"iik' 41111.1 Chandler Asset/ Management $20,180.453 First Tennessee National Bank2 $516.620 Local Agency Investment Fund $25,941.708 Issuer/Manager Page 3 Staff Report: Investment Report for the quarter ended December 31, 2013. April 1, 2014 INVESTMENT PERFORMANCE BY ISSUER/MANAGER For the Quarter Ended December 31, 2013 Total Market Valuer 9/30/13 12/31 /13 Local Agency Investment Fund Chandler Asset Management County of San Diego Neighborhood National Bank (CDARS CD) First Tennessee National Bank Totais for September 2013 29,331,049 $ 25,941,708 $ (3,389,341) 20,140,172 20,160,453 20,281 4.998,000 5,014,000 16,000 2,000,000 2,000,000 515,984 516,620 636 Change Yield (Net) 3 0.29% 0.40% 1.28% 0.65% 0.49% $ 56,985,205 $ 53,632,781 $ (3,352,424) ' includes accrued interest withdrew S2,400,000 on 10/31/2013 and $1,000,000 on 121212013 8 Annualized " Interest earned paid & transferred Into City's account at the dose of the quarter COMPLIANCE STATEMENT All of the City's investments are in compliance with the City's investment policy (City Council Policy No. 203) and the California Government Code (§ 53601 et seq). FINANCIAL STATEMENT Realized and unrealized gains/(losses), reflected below, for the period were S57,852. These changes include changes in security market values, gain/(loss) from the sale of assets, accrued interest, and reinvested interest/earnings. Issuer/Manager Gaini(Loss) Chandler Asset Management 20,261 County of San Diego 16,000 First Tennessee Bank 1 636 LAIF 17,655 Neighborhood National Bank' 3,279 Multi Bank Securities Neighborhood National Bank Totals for December 2013 $ 57,852 1 Interest paid to the City is not reinvested Staff certifies that there are sufficient funds to meet the pool's expenditure requirements. RECOMMENDATIONS Accept and file the Investment Report for the quarter ended December 31, 2013. City of National City Account#10162 Portfolio Summary As of 12/31/2013 PORTVOLIO CHARACTEFlI$TICS ACCOUNT SUMMARY TOP ISSUERS Average Duration Average Coupon Average Purchase YTM Average Market YTM Average S&P/Moody Rating Average Final Maturity Average Life 1.88 1.68 % 0.59 % 0.50 % AA+)Aaa 1.93 yrs 1.87 yrs SECTOR ALLOCATION Agency (77.4 %) Money Market Fund FI (0.2 % US Treasury (22.4 %) Beg. Values as of 11130/13 Market Value 20,104,389 Accrued Interest 94,994 Total Market Value Income Earned Cont1WD Par Book Value Cost Value 20,199,383 30,346 19,728,370 20,399,437 20,399,437 End Values as of 12(31/13 20,080,524 79,929 20,160,453 28,412 -1,009 19,781, 079 20,393,203 20,393,203 MATURITY DISTRIBUTION 50% 30% 20% 10% 96 5.0 % 5.' % 41.2 % 0-.25 .25-.5 .5-1 1 •2 2-3 3-4 a-5 54 Maturity IYrO Issuer % Portfolio Federal National Mortgage Assoc 24.8 % Government of United States 22.4 % Federal Home Loan Mortgage Corp 20.4 % Federal Horne Loan Bank 19.2 % Federal Farm Credit Bank 13.1 Federated Govt Obligation Money 0.2 % 100.0 % CREDIT QUALITY (S&P) AA (99.5%) AAA (0.2 %) PERFORMANCE REVIEW Total Rate of Return As of 12131/2013 Current Month Latest 3 Months Year To Date 1 Yr Annualized 3 Yrs Since 5 Yrs 10 Yrs 2/2912012 2129/2012 City of National City -0.19 % 0.12% 0.25% 0.25 % N/A N/A NIA 0.48% 0.89 % 1-3 Yr TreasuryAgency -0.13 % 0,07 % 0.37 % 0,37 % N/A N/A NIA 0,46 % 0.85 Chandler Asset i.._.ragemont - CONFIDENTIAL Pf.,, Execution Time: 1r31201 2:32:66 PM City of National City December 31, 2013 COMPLIANCE WITH INVESTMENT POLICY Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy. i Category Standard Comment Local Agency Bonds No Limitation; BBB rated equivalent by a NRSRO Complies Treasury Issues No Limitation Agency issues Banker's Acceptances No Limitation Complies ,Complies 40% maximum; <180 days maturity; A-1 Complies rated equivalent by at least two NRSROs Commercial Paper 25% maximum; <270 days maturity; A-1 rated equivalent by at least two NRSROs Complies Negotiable Certificates of Deposit 30% maximum; A rated equivalent by at least two NRSROs Complies Medium Term Notes 30% maximum; A rated equivalent by at least two NRSROs Complies Money Market Mutual Funds 20% maximum; rated AAA equivalent by Complies at least two NRSROs Mortgage Pass-throughs, CMOs and Asset Backed Securities 20% maximum; AA -rated issue; A -rated issuer Complies Local Agency Investment Fund - L.A.I.F. Currently not used by investment adviser Complies Prohibited Securities Inverse floaters; Ranges notes, Interest - only strips from mortgaged backed securities; Zero interest accrual) securities Complies ssuer Maximum 5% per issuer for all non -government issuers Complies Maximum maturity 5 years Complies City of National City I Account #10162 Reconciliation Summary As of 1213112013 Beginning Book Value Acquisition + Security Purchases + Money Market Fund Purchases + Money Market Contributions + Security Contributions + Security Transfers Total l Acquisitions Dispositions - Security Sales - Money Market Fund Sales - MMF Withdrawals - Security Withdrawals - Security Transfers - Other Dispositions - Maturites - Calls - Principal Paydowns Total Dispositions Amortization/Accretion +1- Net Accretion SainlLoss on Dispositions +1- Realized Gain/Loss Ending Book Value $579,757.60 $590,254.63 $0.00 $0.00 $0.00 $0.00 $581,535.79 $1,009.00 $0.00 $0.00 $0.00 $5455,000.00 $0.00 $0.00 $0.00 ($48,701.20) 520,399,436.65 $1,170,012.23 $1,127,544,79 ($48,701.20) $20,393,202.89 CASH TRANSACtiON SUMMARY BEGINNING BALANCE $28,309.62 Acquisition Contributions Security Sale Proceeds Accrued Interest Received interest Received Dividend Received Principal on Maturities Interest on Maturities Calls/Redemption (Principal) interest from Calls/Redernption Principal Paydown Total Acquisitions $0.00 $0.00 $0.00 $45,254.38 $0.25 $545,000.00; $0.00* $0.00, $0.00 $0.00. $590,254.63 Disposition Withdrawals Security Purchase Accrued Interest Paid Total Dls . ositlons $1,009.00 $579,757.60 $1,778.19 $582,544.79 Ending Book Value $36,079.46 Chandler Asset . .ageme t - CONFIDENTIAL Execu5on Time: 113/20 .32:56 PM 'ity of National City Account #10162 Holotvigs Report As of 12/31113 Pure/ .i a Date Cc+st Value Mkt Pine Vd1r�u ;. of Rom PJ.0r2tI Maturity ICBM" 8t+curlty bgscription Pao 1/altln!tlnits Book. Yield Book.Ya1�rr- Mkt 'if TM Accrued Inr t iwlLoss S&P Chao Flo n AGENCY 31398AVZ2 FNMA Note 2.75% Due 3/13/2014 470,000.00 02/24/2012 0.38 % 492,683.61 492,683.61 100.52 0.17 % 472,427,08 3,877.50 2.36 % Aaa 0.20 (20,256.53) AA+ 0.20 3137EACB3 FHLMC Note 2.5% Due 4/2312014 3133X7FK5 FHLB Note 5,25% Due 6/182014 475,000.00 02/21/2012 496,260.53 100.74 478,513.10 2.38 % Aaa 0.31 0.42 % 496,260.53 0.12 % 2,243.06 (17,747.43) AA+ 0.31 530,000,00 02/21/2012 589,291.10 102.35 542,476.73 2.70 % Aaa 0.46 0.40 % 589,291.10 0.17 % 1,004.79 (46,814.37) AA+ 0.46 3137EAC09 FHLMC Note 3% Due 7/28/2014 470,000.00 02124/2012 498,859.88 0.45 % 498,859.88 101.60 477,521.88 2.40 % Aaa 0.57 0.21 % 5,992.50 (21,338.00) AA+ 0.57 31398AZV7 FNMA Note 470,000.00 02/21/2012 496,614.22 2.625% Due 11/2012014 0.54 % 496,614.22 102,19 480,279.37 2.39 % Aaa 0.89 0.15 % 1,405.10 (16,334.85) AA+ 0.88 313381H24 FHLB Note 0.25% Due 1/16/2015 625,000.00 06/21/2013 624,343.75 0.32 % 624,343.75 100.08 625,500.00 3.11 % Aaa 1.04 0.17 % 716.15 1,156.25 AA+ 1.04 3137EACHO FHLMC Note 2.875% Due 2/9/2015 560,000.00 02/24/20/2 598,380./6 0.53 % 598,380.16 102.92 576,377.20 2.89 % Aaa 1.11 0.22 % 6,350.56 (22,002.96) AA+ 1.08 31331KLE8 FFCB Note 1.6% Due 5/18/2015 540,000.00 05/16/2013 554,277.60 0.28 % 554,277.60 101.77 549,563.94 2.73 °% Aaa 1.38 0.31 % 1,032.00 (4,713.66) AA+ 1.37 3133XWNB1 FHLB Note 2.875% Due 6/12/2015 525,000.00 10/15/2013 547,081.50 0.32 % 547,081.50 103.67 544,286.40 2.70 % Aaa 1.45 0.33 % 796.61 (2,795.10) AA+ 1.42 31398AU34 FNMA Note 2.375% Due 7/28/2015 470,000.00 02/24/2012 497,406.17 0.65 % 497,406.17 103.16 464,854.82 2.43 % Aaa 1.57 0.36 % 4,744.06 (12,551.35) AA+ 1.54 3133EADW5 FFCB Note 0.55% Due 8/17/2015 425,000.00 04/19/2012 424,260.50 0.60 °% 424,260.50 100.12 425,514.25 2.11 % Aaa 1.63 0.48 % 870.07 1,253.75 AA+ 1.62 3137EACM9 FHLMC Note 1.75% Due 9/10/2015 535,000.00 02/24/2012 555,169.50 0,67 °% 555,169.50 102.33 547,474.60 2.73 % Aaa 1.69 0.37 % 2,886.77 (7,694.90) AA+ 1.66 3133701135 FHLB Note 565,003.00 01/11/2013 1.75% Due 9/11/2015 0.38 % 585,407.80 585,407.80 102.30 577,974.10 2.88 % Aaa 1.70 0.39 % 3,021.18 (7,433.70) AA+ 1.67 31398A4M1 FNMA Note 1.625% Due 10/26/2015 525,000.00 05/06/2013 541,779.03 0.32 % 541,779,00 102,19 536,471.78 2,67 % Aaa 1.82 0.42 % 1,540.36 (5,307.22) AA+ 1.79 31331J2S1 FMB Note 1.5% Due 11116/2015 375,000.00 02/27/2012 386,490.75 0.66 % 386,490.75 102.13 383,004.38 1.90 % Aaa 1.88 0.36 % 703.13 (3,486.37) AA+ 1.85 313371NW2 FHLB Note 1.375% Due 12/11/2015 600,000,00 11116/2012 0.39 % 617,928.00 617,928.00 101.85 611,109.00 3.03 % Aaa 1.95 0.42 % 458.33 (6,819.00) AA+ 1.92 3135G0SB0 FNMA Note 0.375% Due 12/21/2015 490,001.00 1112612012 488,858.30 99.85 489,250.30 2,43 % Aaa 1.97 0.45 % 488,858.30 0.45 % 51.04 392.00 AA+ 1.96 3133ECFV t FFCB Note 0,43% Due 1129/2016 515,000.00 02/25/2013 514,902.15 0.44 % 514,902.15 99.98 514,897.51 2.56 % Aaa 2,08 0.44 % 935.01 (4.64) AA+ 2.06 3133EAJU3 FFCB Note 340,000.00 03/11/2013 1.05% Due 3/28/2016 0.46 % 346,079.20 346,079.20 101.31 344,454.68 1,71 % Aaa 2.24 0.46 % 922.25 (1,624.52) AA+ 2.21 3135GOBA0 FNMA Note 2.375% Due 4/11/2016 375,000,00 02/24/2012 397,993.13 0.86 % 397,993.13 104,17 390,623.25 1.95 % Aaa 2.28 0,53 % 1,979.17 (7,369.88) AA+ 2.22 Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 1/3/20141232:56 PM Alt of National City Al Account 4#10162 Holdings Report As of 12/31/13 {vl1"SIP Seeur s/ ttescriptfen Par Vato Nthrii4� '!Irub atie Co t Value Mkt Pricp, Marko! Valoo ' , a4 Purr M ofl' t'AntilItly Book "(kid Brack Valwc Mkt Y1 VI Accrued lot. GaiiliLoas S&P t7urltinri AGENCY 3137EACT4 FHLMC Note 2.5% Due 5/27/2016 375,000.00 03/20/2012 1.14 % 395,804.63 396,804.63 104.66 392,472.38 1.95 % Aaa 0.55 % 885.42 (3,332.25) AA+ 2.41 2.34 3137EACW7 FHLMC Note 2% Due 8/2512016 575,000.00 01/09/2013 0.56 % 604,762.00 604,762.00 31331V3Z7 FFCB Note 5,2% Due 9/1512016 365,000.00 06/2212012 0.88 % 430,134.25 430,134.25 103.41 594,614.40 2.97 % Aaa 2.65 0.70 % 4,025.00 (10,147,60) AA+ 2.57 3137EADS5 PANIC Note 0.875% Due 10/1412016 313371PV2 FHLS Note 1.625% Due 12/9/2016 480, 000. 00 11114/2013 0.64 % 480,000.00 02/29/2012 0.97 % 483,316.80 483,316.80 494,668.80 494,668.80 111.72 407,775.81 2.05 % Aaa 2.71 0.81 % 5,588.56 (22358,44) AA+ 2.52 100.35 481,660.32 2.39 % Aaa 2.79 0.75 % 875.00 (1,656.48) AA+ 2.75 3135GOGY3 FNMA Note 1.25% Due 1/30/2017 3135G0UV7 FNMA Callable Note 1X 2/27/15 1% Due 2/27/2017 400,000.00 09/17/2012 0.71 % 600,000.00 04/26/2013 0.74 % 409,328.00 409,328,00 605,766.00 605,766.00 102.51 492,069.60 2.44 % Aaa 2.94 0.76 % 476.67 (2,59920) AA+ 2.87 10120 404,813.20 2.02 % Aaa 3.08 0.85 % 2,097.22 (4,514.80) AA+ 3.01 3137EADCO FHLMC Note 1% Due 3/8,12017 3135GOMZ3 FNMA Note 0.875% Due 8/2812017 535,000.00 08/20/2012 0.86 % 545,000.00 08115/2013 1.32 % 538,386.55 538,386.55 535,429.80 535,429.80 100.13 600,780.00 2.99 % Aaa 3.16 0.89 % 2,066.67 (4,986.00) AA+ 2.86 100.16 535,871.52 2.67 % Aaa 3.19 0.95 % 1,679.31 (2,515.03) AA+ 3.12 3135G0TG8 FNMA Note 0.875% Due 2/8/2018 313378A43 FHL8 Note 1.375% Due 3/9/2018 Total Agency 590,000.00 12/11/2013 1.31 % 470,000,00 09/17/2013 1.65 % 15,295,000.00 0.64 % 579,757.60 579,757.60 464,472.80 464,472.80 98.73 538,091.58 2.68 % Aaa 3.66 1.23 % 1,629.32 2,661.78 AA+ 3.58 97,48 575,120.20 2.86 % Aaa 4.11 1.51 % 2,050,66 (4,637.40) AA+ 3.99 99,14 1.59 % 465,967,40 2.32 % Aaa 4.19 2,010.56 1,494.60 AA+ 4.04 15,795,894.08 15,541,810.78 77.41 % Aaa 2.03 15,795,894..08 0.55 % 64,914.03 (254,083.39 AA+. 1.98 MONEY MARKET FUND Fl 60934N807 Federated Govt Oblig Fund Inst, Total Money Market Fund F1 36,079.46 Various 0.01 % 36,079.46 0.01 % 36,079.46 1.00 36,079.46 0.18 % Aaa 0.00 36,079.46 0.01 % 0.00 0.00 AAA 0.00 36,079.46 36,079.46 0.18 % Aaa 0.00 36,079.46 0.01 % 0.00 0.00 AAA 0.00 US TREASURY 912828P27 US Treasury Note 1.25% Due 3/15/2014 912828LK4 US Treasury Note 2.375% Due 8/31/2014 912828M20 US Treasury Note 2.5% Due 4/30/2015 912828TD2 US Treasury Note 0.25% Due 7/15/2015 500,000.00 02121/2012 509,493.86 10023 501,172,00 2.50 % Aaa 0.20 0.32 % 509,493.86 0.10 % 1,864.64 (8,321.86) AA+ 0.20 470,000.00 02/24/2012 493,244,54 101.47 476,921.69 2.38 % Aaa 0.67 0.39 % 493,244.54 0,15 % 3,792.78 (16,322.85) AA+ 0.66 420,000.00 02/24/2012 446,612.34 103.02 432,681.90 2.16 % Aaa 1.33 0.49 °% 446,612.34 0.23 % 1,798,34 (13,930.44) AA+ 1.31 535,000.00 10/1512013 534,416.64 100,00 535,020.87 2.66 % Aaa 1,54 0.31 % 534,416.64 0.25 % 617.87 604.23 AA+ 1.54 Chandler Asset . .agement- CONFIDENTIAL Execution Time: 1/3l20 .:32:56 P.l pity of National City Account #10162 HOIor•igs Report As of 12131113 CUSP St5curityr Description Par Value/Units Purchase Date Cost Value 10kl Price Markel Value Fn of Port. Moody Maturity 134ok. Yield Book Va%are Itilkt Y1-M' Accnred Ir}t. GamilLoss S&P Dor-mil:oni US TREASURY 912828TK6 US Treasury Note 4.25% Due 8115/2415 520,000.00 04129/2013 4.25 % 520,022.05 520,022,05 99.96 519,796.68 2.58 % Aaa 1.62 0.27 % 491.03 (225.37) AA+ 1.62 912828PE4 US Treasury Note 1.25% Due 10131/2015 912828UM0 US Treasury Note 0.375% Due 2115/2016 435,000,00 02/2412012 445,434.66 101.66 442,204.47 2.20 % Aaa 1.83 0.59 % 445,434.66 0.34 % 931.28 (3,230.19) AA+ 1.81 500,000.00 11/14/2013 540,216.52 99.91 499,531.00 2.48 % Aaa 2.13 0.36 % 540,216.52 0.42 % 748,22 (685.52) AA+ 2.11 912828QA1 US Treasury Note 2.25% Due 3131 /2016 500,000.00 12/14/2012 530,431.36 0.38 % 530,431.36 103.99 519,961.00 2.59 % Aaa 2.25 0.46 % 2,874.31 (10,470.36) AA+ 2.19 912828RF9 US Treasury Note 1% Due 8/31 /2016 570,000.00 10/12/2012 581,357.38 0.48 % 581,357.38 100.94 575,343.75 2.86 % Aaa 2.67 0.64 % 1,936.74 (6,013.63) AA+ 2.62 Total US Treasury 4,561,229.35 4,502,633.36 22.41 % Aaa 4,450,000.00 0.39 % 4,581,229.35 0.33 % 15,015.21 (58,595.99} AA+ 1.61 1.59 20,393,202.89 TOTAL PORTFOLIO 19,781,079.46 0.59 % 20,393,202.89 0.50 % 20,080,523.60 79,92924 100.00 % (312,679.29) Aaa AA+ 1.93 1.88 TOTAL MARKET VALUE PLUS ACCRUED 20,180,452.04 Chandler Asset Management- CONFIDENTIAL Page 6 Execution Time: 11312014 12:32:56 PM County of San Diego Treasurer Investment Report MONTH ENDING December 31, 2013 COUNTY OF SAN DIEGO TREASURER TAX COLLECTOR Participant Cash Balances PARTICIPANT San Diego Pooled Money Fund as of December 31, 2013 ($000) FMV FMV FMV % of 10/31/13 11 /30/13 12131 /13 Total COUNTY COUNTY - SPECIAL TRUST FUNDS NON -COUNTY INVESTMENT FUNDS SCHOOLS - {K THRU 12) COMMUNITY COLLEGES San Diego Grossmont Mira Costa Palomar Southwestern Total Community Colleges SDCERA SANCAL MTDB SANDAG CITIES Chula Vista Del Mar Encinitas National City INDEPENDENT AGENCIES Alpine FPD Bonita Sunnyside FPD Borrego Springs FPD Deer Springs FPD Fallbrook Public Utl Public Agency Self Insurance System Julian-Cuyamaca FPD Lake Cuyamaca Rec & Park Lakeside Fire Leucadia Water District Lower Sweetwater FPD $ 943,457 $1,602,889 1,165,247 1,113,853 271,073 267,501 2,766,794 2,615,055 484,309 465.816 114,442 110,624 9,214 6,605 124,031 113,704 162,882 159,543 PARTICIPANT FMV FMV FMV % of 10/31 / 13 11130/ 13 12131/13 Total S1,739,724 20.97% Metropolitan Transit System 1,592,590 19.19% Majestic Pines CSD 271,020 3.27% Mission Resource Conservation District 3,182,347 38.36% North County Cemetery District North County Cemetry Perpetual North County Cemetery 498,798 6.01% North County Dispatch 112,405 1.35% North County Fire 26,867 0.32% Otay Water District Investment 129,806 1.56% Palomar Resource Conservation District 147,275 1.78% Pine Valley FPD 894,877 856,291 915,171 11.02% Pomerado Cem Perpetual Pomerado Cemetery District 4,109 Ramona Cemetery District 48,282 Ramona Cemetery Perpetual 703 Rancho Santa Fe FPD 106,913 San Diego Housing Commission San Diego Rural Fire San Dieguito River 39,175 San Marcos FPD 3,022 San Miguel FPD 2 San Ysidro Sanitation 5,014 Santa Fe Irrigation District SDC Regional Airport Authority So County OPS Center Spring Valley/Casa de Oro Upper San Luis Rey Reservoir Vallecitos Water District Valley Center FPD Valley Cntr Cemetery Valley Ctr Cem Perpetual Valley Ctr Water Distract Vista FPD 8,125 4,249 61,902 56,511 703 708 106,420 107,611 39,140 39,431 3,019 3,042 2 2 5,009 5,047 564 523 3,945 3,751 1,054 972 6,727 6,847 14 14 447 450 214 42 290 276 6,632 5,816 11,320 11,404 345 340 1,219 4,531 1,243 7,478 14 447 153 219 7,432 11,330 423 3,997 6,408 O 0 402 406 1,048 1,061 1,192 1,210 1,491 1,422 2,719 2,922 2,055 2,174 16,160 21,299 O 0 365 374 11 0 1,460 1,441 562 540 347 349 9,177 8,717 2 2 12 50 34 -77 1 3,519 3,172 13 13 4,903 4,939 256,888 258,793 O 0 O 0 13 14 5,062 5,100 3,604 3,678 50 47 226 229 14,314 14,885 2,109 2,125 6,240 0 411 1,054 1,215 1,519 2,732 2,953 21,161 0 435 0 1,486 577 347 11,306 9,975 352 -162 6,453 13 4,907 253,126 0 0 16 5,066 4,069 51 229 15,946 2,968 Total Independent Agencies 587,607 588,329 596,146 7.19% Pooled Money Fund Total 56,629,055 $7,043,918 $8,296,996 100.00°% COUNTY OF SAN DIEGO TREASURER - TAX COLLECTOR 1B Investments City of National City Portfolio Management Portfolio Summary December 31, 2013 City of National City Par Market Book % of Days to YTM/C YTNYC Value Value Value Portfolio Term Maturity 360 Equiv. 365 Equiv. LAIF 25,934,245.95 25,941,708.16 25,934,248.95 91,21 1 1 0.241 0.244 Federal Agency Securities 500,000.00 512,670.00 500,000.00 1.76 1,626 594 1.973 2.000 CDARS 2,0130,000.00 2,000,000.00 2,000,000.00 7.03 364 65 0.641 0.650 Investments 28,434,246.95 28,454,578.16 28,434,248.95 100.00% 59 16 0.299 0.303 Total Earnings December 31 Month Ending Current Year Average Daily Balance Effective Rate of Retum Reporting period 12101/2013-12131/2013 Run Data: 03004,2014 - 09:33 7,582.61 28,498,765.08 0.31% No fiscal year history avatable Portfolio CNC CC PM (PRF_PM1) SyniRept6.41.202b Report Ver. 5.00 City of National City Portfolio Management Portfolio Details - Investments December 31, 2013 Page 2 Average Purchase Stated YTMIC Days to Maturity CUSIP Investment # Issuer Balance pate Par Value Market Value Book Value Rate S&P 365 Maturity date LAI F 98-37-575 11058 Local Agency Investment Fund 25,934,248.95 25,941,708,16 25,934.248,95 0.244 0.244 1 Subtotal and Average 26,998,766.08 25,934,248.55 25,941,700.16 25,934,248.96 0.244 1 Federal Agency Securities 3136FPAB3 11362 Federal Nall. Mortgage Assoc. 08118/2010 500,000.00 512,870.00 500,000.00 2.000 AAA 2,000 594 48/18/2015 Subtotal and Average S00,000.00 500,0001H0 512,870.00 600,000.00 2.000 594 CDARS SYS11387 11387 Neighborhood National Bank 03/08/2013 2,000,000.00 2,000,000.00 2,000,000.00 0.650 0.650 65 03/07/2014 Subtotal and Average 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 0.050 65 Run Date: 03/94,2014 - 0233 Total and Average 28,498,765,08 28,434,248.96 28,454,578,16 28,434,248.95 0,303 16 Portfolio CNC CC PM (PRF_PM2) SymRept 6.41.2020