HomeMy WebLinkAboutInvestment Report Attachment (Finance)t t A
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NO. ,IONAL City
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City Council Staff Report
September 2, 2014
ITEM
Staff Report: Investment Report for the quarter ended June 30, 2014.
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);
• date of maturity;
;- dollar amount invested; and
•0 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 June 30, 2014 is summarized below and
compared to the balance as of June 30, 2013.
6/30/2014
6/30/2013
Book Value 1
$
65,408,642
$
59,246,949
Market Value 2
$
65,293,310
$
58,969,729
(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 65.14% of the City of National City's total investment
portfolio (57.43% and 7.71%, 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 June 30, 2014.
September 2, 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 June 30, 2014
Total Market %of
Issuer/Manager Book Value Market Values YTM Portfolio
Local Agency Investment Fund 37,468,579 $ 37,497,626 2 0.26% 57.43%
Chandler Asset Management 20,440,063 $ 20,246,936 0.60% 31.01%
County of San Diego 5,000,000 $ 5,035,547 0.42% 7.71%
Neighborhood National Bank 2,060,000 $ 2,000,000 0.65% 3.06%
First Tennessee National Bank 500,000 $ 513,201 2.00% 0.79%
Totals for June 2014 65,408,642 65,293,310 0.00 100.00%
1 includes accrued Interest
2 calculated on 30/360 basis
TOTAL MARKET VALUE
$65.293,311
Neighborhood
National Bank
$2.000 000
County of San Diego
$5 035,547
4041i.
Chandler Asset
Management
S20,246,936
First Tennessee
National Bank
$513,201
Local Agency
Investment Fund
$37,497 626
Page 3
Stab Report: Investment Report for the quarter ended June 30, 2014.
September 2, 2014
INVESTMENT PERFORMANCE BY ISSUER/MANAGER
For the Quarter Ended June 30, 2014
Issuer/Manager
Local Agency Investment Fund
Chandler Asset Management
County of San Diego
Neighborhood National Bank (CDARS CD)
First Tennessee National Bank
Totals for June 2014
Total Market Value
3131/14 - 6130/14
Change Yield (Net) 3
29,477,919:° $ 37,497,528 $ 8,019,707.2
20,195,237 i $ 20,246,936. _ 51,699
5,023,150 ' 5,035,547 12,397
2,000,000 i 2,000,000 _ _ s
512,653 4 513,201 548
0.29%
1.02%
0.99%
0.65%'
0.43%
57,208,959 $ 65,293,310 $ 8,084,351
1 indudes accrued Interest
2 512912014 deposit $8,000,000
' Annualized
`Corrected beginning balance
° Interest earned paid & transferred Into Gity'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 $88,560. These
changes include changes in security market values, gain/(loss) from the sale of assets, accrued
interest, and reinvested interest/earnings.
Issuer/Manager
Gain/(Loss}
Chandler Asset Management
County of San Diego
First Tennessee Bank 1
LAIF
Neighborhood National Bank 1
Totals for June 2014
51,699
12,397
3,616
17,853
2,994
$ 88,560
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 June 30, 2014.
City of National City
Account #10162
Portfolio Summary
As of 6/30/2014
PORTFOLIO CHARACTERISTICS
ACCOUNT SUMMARY
TOP ISSUERS
Average Duration
Average Coupon
Average Purchase YTM
Average Market YTM
Average S&P/Moody Rating
Average Final Maturity
Average Life
1.68
1.48 %
0.64 %
0,47 %
AA+/Aaa
1.75 yrs
1.68 yrs
Market Value
Accrued Interest
Total Market Value
Income Earned
Cont/WD
Par
Book Value
Cost Value
Beg. Values End Values
as of 5131/14 as of 6130/14
20,178,523 20,172,528
81,320 74,409
20,259,843 20,246,936
26,011 25,479
-1,012
19,907, 515 19,933,035
20,467,976 26,440,063
20,467,976 20,440,063
Issuer % Portfolio
Federal National Mortgage Assoc 22.3 %
Government of United States 22.2
Federal Home Loan Bank 19.2 %
Federal Home Loan Mortgage Corp 17.8 %
Federal Farm Credit Bank 13.0 %
Berkshire Hathaway 1.5 %
Apple Inc 1.4 %
ChevronTexaco Corp 1.3 %
98.7 %
SECTOR ALLOCATION
MATURITY DISTRIBUTION
CREDIT QUALITY (S&P)
Agency
(72.3 %)
Money
Market
/� Fund
F1
(0.1 %}
• us
Corporate
(5.4 %)
US
Treasury
(22.2 %)
0-.25
.25-.6
.5.1
1-2
28.2 %
9.2 %
2.3 3-4 4-.5 5+
Maturity (Yrs)
AA
(98.7 %)
PERFORMANCE REVIEW
Total Rate of Return
As of 6/30/2014
Current
Month
Latest Year
3 Months To Date
1 Yr
Annualized
3 Yrs
Since
5 Yrs 10 Yrs 2129/2012 2/29/2012
City of National City
1-3 Yr TreasuryAgency
-0.06 % 0.27 % 0.46 % 0.92 % N/A
N/A N/A 0.58 %
1.35 %
0.77 °,, 0.41 % 0.78°A
N/A
NIA N/A 0.54 %
1.26 %
Chandler Asset Management- CONFIDENTIAL
Page 1
Execution Time: 7121201411:50:43 AM
City of National City
May 31, 2014
COMPLIANCE WITH INVESTMENT POLICY
Assets managed by Chandler Asset Management are in full compliance with State taw and with the City's
investment policy.
Category
Standard
Comment I
Local Agency Bonds
No Limitation; BBB rated equivalent by a
NRSRO
Complies
Treasury Issues
No Limitation
Complies
Agency Issues
No Limitation
Complies
Banker's Acceptances
40% maximum; <180 days maturity; A-1
rated equivalent by at least two NRSROs
Complies
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
* 10% combined total exposure to
Commercial Paper, Negotiable Certificates
of Deposit, and Medium Term Notes
Money Market Mutual Funds
20% maximum; rated AAA equivalent by at
least two NRSROs
Complies
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
Issuer Maximum
5% per issuer for all non-govemrnent
issuers
Complies
Maximum maturity
5 years
Complies
mj City
Accountof #10162NationalCity
Reconciliation Summary
As of 6/30/2014
BOOK VALUE RECONCILIATION
Beginning Book Value
520,467,976.07
Acqu isition
+ Security Purchases
+ Money Market Fund Purchases
+ Money Market Contributions
+ Security Contributions
+ Security Transfers
Total Acquisitions
$580,858.30
$564,666.53
$0.00
$0.00
$0.00
$1,145,524.83
Disgositiions
$0.00
$583,134.51
$1,012.00
$0.00
$0.00
$0.00
$530,000.00
$0.00
$0.00
$1,114,146.51
- Security Sales
- Money Market Fund Sales
- MMF Withdrawals
- Security Withdrawals
- Security Transfers
- Other Dispositions
- Maturites
- Calls
- Principal Paydowns
Total Dispositions
AmortizationlAccretion
+1- Net Accretion
_
$0.00
$0.00
GainlLoss on Dispositions
+1- Realized Gain/Loss
($59,291.10)
($59,291.10)
Ending Book Value
$20,440,063.29
CASH TRANSACTION SUMMARY
BEGINNING BALANCE
Acquisition
Contributions
Security Sale Proceeds
Accrued Interest Received
Interest Received
Dividend Received
Principal on Maturities
Interest on Maturities
Calls/Redemption (Principal)
Interest from CallslRedemption
Principal Paydown
Total Acquisitions
$0.00
$0.00
$0.00
$34, 663.33
$3.20
$530,000.00
$0.00
$0.00
$0.00
$0.00
$564,666.53
$32,515 05
Disposition
Withdrawals $1,012.00
Security Purchase $580,858.30
Accrued Interest Paid $2,276.21
Total Dispositions S584,146.51
Ending Book Value
$13,035 07
Chandler Asset Management - CONFIDENTIAL
Page 3 Execution Time: 71212014 11:50:43 AM
:Fayik
I City of National City
- -r... oillik I Account #10162
Holdings Report
As of 6130/14
Purchase Dino Cost Valua Mkt Price Morkat Value °% of Port Mood9t58.P Maturity
CUSIP Seeurily Description Par Valaellilnits Book Yield Book Value Mitt YTM Accrued Irtt, GoIMJLns5 Filch Oil rail ion
AGENCY
3137EACD9 FHLMC Note
3% Due 7/28/2014
470,000.00
02/2412012
0.45%
498,859.88
498,859.88
100.22
471,034.47
2.36% Aaa/AA+
0.17 % 5,992.50 (27,825,41) AAA
0.08
0.08
31398AZV7 FNMA Note
2.625% Due 11/20/2014
470,000.00 02/2112012 496,614.22
0.54 % 496,614.22
100.97 474,563.23 2.35 % Aaa 7 AA+ 0.39
0.13 % 1,435.10 (22,050.99) AAA 0.39
313381H24 FHLB Note
0.25% Due 1116/2015
3137EACHO FHLMC Note
2.875% Due 219/2015
31331KLE8 FFCB Note
1.6% Due 511812015
625,000.00 06121/2013 624,343.75 100.07 625,449.38 3.09 % Aaa / AA+ 0.55
0.32 % 624,343.75 0.12 °% 716.15 1,105.63 AAA 0.54
560,000.00 02/2412012 598,380.16 101.67 569,379.44 2.84 % Aaa/ AA+ 0.61
0.53 % 598,380.16 0.12 % 6,350.56 (29,000.72) AAA 0.60
540,000.00 05/16/2013 554,277.60 101.28 546,922.80 2.71 % Aaa/ AA+ 0.88
0.28 % 554,277.60 0.15 % 1,032.00 (7,354.80) AAA 0.88
3133XWN91 FHLB Note
2.875% Due 6/12/2015
525,000.00 10/15/2013 547,081.50
0.32 % 547,081.50
102.55 538,400.63 2.66 % Aaa / AA+ 0.95
0.18 % 796.61 (8,680.87) AAA 0.94
31398AU34 FNMA Note
2.375°% Due 7728/2015
470,000.00 02/24/2012 497,406.17
0.65 % 497,406.17
102.34 481, 012.10 2.40 % Aaa / AA+ 1.08
0.20 % 4,744.06 (16,394.07) AAA 1.06
3133EADW5 FFCB Note
0.55% Due 6/17/2015
425,000.00 04/19/2012 424,260.50
0.60 % 424,260.50
100.33
026 %
426,400.80
870.07
2.11 % Aaa / AA+
1.13
2,140.30 AAA 1.12
3137EACM9 FHLMC Note
1.75% Due 9/10/2015
535,000.00 02/24/2012 555,169.50
0.67 % 555,169.50
101.81 544,676.01 2.70 % Aaa / AA+ 1.20
0.23 % 2,886.77 (10,493.49) AAA 1.18
313370JB5 FHLB Note 565,000.00 01/11/2013 585,407.80 101.82 575,260.97 2.86 % Aaa / AA+ 1.20
1.75% Due 9/11/2015 0.38 % 585,407.80 0.23 % 3,021.18 (10,146.83) AAA 1.18
31398A4M1 FNMA Note 525,000.00 05/06/2013 541,779.00 101.71 533,973.30 2.64 % Aaa 1 AA+ 1.32
1.625% Due 10/26/2015 0.32 % 541,779.00 0.33 16 1,540.36 (7,805.70) AAA 1.31
31331J2S1 FFCB Note 375,000.00 02/27/2012 386,490.75 101.59 380,955.38 1.89 % Aaa / AA+ 1.38
1.5% Due 11/16/2015 0.66 % 386,490.75 0.34 % 703.13 (5,535.37) AAA 1.36
313371NW2 FHLB Note
1.375% Due 12/11/2015
600,000.00 11 /16/2012
0.39 %
617,928.00
617,928.00
101.52 609,118.80 3.01 % Aaa / AA+
0.32 °% 458.33 (8,809.20) AAA
1.45
1.43
3135GOSBO FNMA Note
0.375% Due 12121/2015
490,000.00 11/26/2012
0.45 %
488,858.30
488, 858.30
100.11
0.30 %
490,533.12
51.04
2.42 % Aaa 7 AA+ 1.48
1,674,82 AAA 1.47
3133ECFV1 FFCB Note
0.43% Due 1/29/2016
3133EAJU3 FFCB Note
1.05% Due 3/28/2016
515,000.00 02/25/2013 514,902.15 100.07 515,341.45 2.55 % Aaa / AA+ 1.58
0.44 16 514,902.15 0.39 % 935.01 439.30 AAA 1.57
340,000.00 03/11/2013 346,079.20 101.16 343,943.66 1.70 16 Aaa / AA+ 1.75
0.46 16 346,079.20 0.38 16 922.25 (2,135.54) AAA 1.73
3135G0BA0 FNMA Note
2.375% Due 4/11/2016
3137EACT4 FHLMC Note
2.5% Due 5/2712016
375,000.00 02/24/2012 397,993.13 103.64 388,650.75 1.93 % Aaa / AA+
0.86 % 397,993.13 0.32 16 1,979.17 (9,342.38) AAA
375,000.00 03120/2012 395,804.63 103.72 388,953.75 1.93 % Aaa / AA+
1.14 °% 395,804.63 0.54 % 885.42 (6,850.88) AAA
1.78
1.74
1.91
1.87
3137EACW7 FHLMC Note
2% Due 8/25/2016
575,000.00 01/09/2013 604,762.00
0.56 % 604,762.00
103.01 592,309.23 2.95 % Aaa / AA+ 2.16
0.59 % 4,025.00 (12,452.77) AAA 2.10
31331V3Z7 FFCB Note
5.2% Due 9/15/2016
365,000.00 06/22/2012 430,134.25
0.88 °% 430,134.25
110.12 401,926.69 2.01 % Aaa / AA+ 2.21
0.58 16 5,588.56 (28,207.56) AAA 2.09
Chandler Asset Management - CONFIDENTIAL
Page 4 Execution Time: 7/2/201411:50:43 AM
1 City of National City
Ak
Account #10162
Holdings Report
As of 6/30/14
Purchase Date Cost Value Mkt Price Markel Value 'f oI Port. NlaadyFS8P Maturity
CUSIP Security Description Par Value/Units Bank Y eld Book Value Mkt Trhtl Accrued Int. Galnitoss; Fitch Duration
AGENCY
3137EADS5 FHLMC Note
0.875% Due 10114/2016
480,000.00
11/14/2013
0.64 %
483,316.80
483,316.80
100.65
0.59 %
483,121.92
898.33
2.39% Aaa/AA+
(194.88) AAA
229
2.26
313371PV2 FHLB Note
1.625% Due 12/9/2016
3135G0GY3 FNMA Note
1.25% Due 1/30/2017
480,000.00 02/29/2012 494,668.80 102.18 490,454.88 2.42 % Aaa / AA+ 2.45
0.97 % 494,668.80 0.72 % 476.67 (4,213.92) AAA 2.39
400,000.00 09/17/2012 409,328.00 101.25 405,003.60 2.01 % Aaa / AA+ 2.59
0.71 % 409,328.00 0.76 % 2,097.22 (4,324.40) AAA 2.53
3135G0UY7 FNMA Callable Note 1X 2/27/15
1% Due 2/27/2017
600,000.00 04/26/2013 605,766.00
0.74 % 605,766.00
100.36 602,172.00 2.98 % Aaa / AA+ 2.67
0.45 % 2,066.67 (3,594.00) AAA 1.63
3137EADCO FHLMC Note
1% Due 3/8/2017
535,000.00 08/20/2012 538,386.55
0.86 % 538, 386.55
100.34 536,844.68 2.66 % Aaa / AA+ 2.69
0.87 % 1,679.31 (1,541.87) AM 2.64
313379DD8 FHLB Note 565,000.00 03/14/2014 566,553.75 100.33 566,869.59 2.80 % Aaa /AA+ 2.98
1% Due 6/21/2017 0.91 % 566,553.75 0.89 % 156.94 315.84 AAA 2.92
3135G0MZ3 FNMA Note 545,000.00 08/15/2013 535,429.80 99.45 541,975.80 2.68 % Aaa / AA+ 3.16
0.875% Due 8/28/2017 1.32 % 535,429.80 1.05 % 1,629.32 6,546.00 AAA 3.10
3135G0TG8 FNMA Note
0.875% Due 2/8/2018
590,000.00 12/11/2013
1.31 %
579,757.50
579,757.60
98.63
1.26 %
581,933.52
2,050.66
2.88 % Aaa / AA+ 3.61
2.175.92 AAA 3.52
313378A43 FHLB Note 470,000.00 09/17/2013 464,472.80
1.375% Due 3/9/2018 1.65 % 464,472.80
100.32 471,508.23 2.34 % Aaa / AA+ 3.69
1.29 % 2,010.56 7,035.43 AAA 3.57
14,784,212.59 14,578,690.18 72.29 % Aaa / AA+ 1.77
Total Agency 14,385,000.00 0.68 % 14,784,212.59 0.47 % 57,968.95 (205,522.41) Aaa 1.69
MONEY MARKET FUND FI
60934N807 Federated Govt Oblig Fund Inst. 13,035.07 Various 13,035.07 1.00 13,035.07 0.06 % Aaa / AAA 0.00
0.01 %
13,035.07 0.01 %
0.00 0.00 AAA 0.00
Total Money Market Fund Fi
13,035.07
13,035.07 0.01 % 13,035.07 0.01 %
13,035.07 0.06 96 Aaa I AAA 0.00
0.00 0.00 Aaa 0.00
US CORPORATE
037833AH3 Apple Inc Note
0.45% Due 5/3/2016
0846708D9 Berkshire Hathaway Note
1 a% Due 1/31/2017
290,000.00 06/17/2014 289,428.70 99.79 289,383.17 1.43 % Aa1 / AA+ 1.84
0.56 % 289,428.70 0.57 % 210.25 (45.53) NR 1.83
285,000.00 06117/2014 291,429.60 102.41 291,858.81 1.45 % Aa2 /AA 2.59
1.02 % 291,429.60 0.95 % 2,271.29 429.21 A+ 2.50
91159HHD5 US Bancorp Callable Note Cont 250,000.00 05/19/2014 254,227.50 101.53 253,816.75 1.26 % Al / A+ 2.88
4/15/2017 1.07 % 254,227.50 1.09 % 527.08 (410.75) AA- 2.72
1.65% Due 5/15/2017
166764AA8 Chevron Corp. Callable Note Cont
1115/17
1.104% Due 12/5/2017
260,000.00 05/19/2014 259,703.60
1.14 % 259.703.60
99.54 258, 804.78 1.28 % Aa1 / AA 3.44
1.24 % 207.31 (898.82) NR 3.35
1,094,789.40
Total US Corporate 1,085,000.00 0.94 % 1,094,789.40 0.95 %
1,093,863.51 5,42 % Aa2 / AA 2.66
3,215.93 (925.89) A+ 2.58
Chandler Asset Management - CONFIDENTIAL
Page 5 Execution Time: 7/2/2014 11:50:43 AM
City of National City
Account #10162
Holdings Report
As of 6/30/14
CUSIP Security Description
Par Value/Volts
Purchase pate Cost Value Mkt Price Market Value % of Fart Moody/S&P Maturity
Bash `Field book Yakio Mkt YTM Aceruad Errt GainrLows Fitch Duration
US TREASuftY
912828LK4 US Treasury Note
2.375% Due 8/31/2014
912828MZ0 US Treasury Note
2.5% Due 4/30/2015
912828TD2 US Treasury Note
0.25% Due 7/15/2015
912828TK6 US Treasury Note
0.25% Due 8115/2015
470,000.00
420,090.00
535,000.00
520,000.00
02/24/2012
0.39 %
02/24/2012
0.49%
10/15/2013
0.31 %
134/29/2013
0.25 %
493,244.54
493,244.54
446,612.34
446,612.34
534,416.64
534,416.64
520,022.05
520,022.05
100.38 471, 780.83 2.35 % Aaa IAA+
0.12 % 3,730.94 (21,463.71) AAA
0.17
0.17
102.00 428,383.62 2.12 % Aaa I AA+ 0.83
0.11 % 1,769.02 (18,228.72) AAA 0.83
100.10 535,522.70 2.65 % Aaa / AA+ 1.04
0.16 % 617.02 1,106.06 AAA 1.04
100.09 520,487.76 2.57 % Aaa 1 AA+ 1.13
0.17 % 488.40 465.71 AAA 1.12
912828PE4 US Treasury Note
1.25% Due 10/31/2015
435,000.00 02/24/2012 445,434.66
4.59 % 445,434.66
101.41 441,116.97 2.18 % Aaa / AA+ 1.34
0.19 % 916.10 (4,317.69) AAA 1.32
912828UM0 US Treasury Note
0.375% Due 2/15/2016
500,000.00 11/14/2013
0.36 %
500,216.52
500,216.52
100.12 500,586.00 2.48 % Aaa / AA+ 1.63
0.30 % 704.42 369.48 AAA 1.62
9128280A1 US Treasury Note
2.25% Due 3/31/2016
500,000.00 12/14/2012 533,431.36
0.38 % 530,431.36
103.30 516,504.00 2.56 % Aaa / AA+ 1.75
0.36 % 2,827.87 (13,927.36) AAA 1.72
912828RF9 US Treasury Note
1%Due 8/31/2016
570,000.00 10/12/2012 581,357.38
0.48 % 581,357.38
101.03 575,877.84 2.85 % Aaa 1 AA+ 2.17
0.52 % 1,905.16 (5,479.54) AAA 2.14
912828SY7 US Treasury Note
0.625% Due 5/31/2017
500,000.00 03/14/2014 496,290.74
0.86 % 496,290.74
99.34 496,679.50 2.45 % Aaa /AA+ 2.92
0.86 % 264.69 388.76 AAA 2.88
Total US Treasury
4,450,000.00 0.45
4,548,026.23
4,548,026.23 0.32 %
4,486,939.22 22.23 % Aaa 1 AA+ 1.47
13,223.62 (61,087.01) Aaa 1.45
20,440,063.29 29,172,527.98 100.00 % Aaa I AA+
TOTAL PORTFOLIO 19,933,035.07 0.64 % 20,440,063.29 0.47 % 74,408.50 (267,535.31) Aaa
1.75
1.68
TOTAL. MARKET VALUE PLUS ACCRUED 20,246,936.48
Chandler Asset Management - CONFIDENTIAL
Page 6 Execution Tune: 7I2/201411:50:43 AM
County of San Diego
Treasurer Investment Report
MONTH EN
June 30, 2014
COUNTY OF SAN DIEGO TREASURER TAX COLLECTOR
Leading the way
Participant Cash Balances
PARTICIPANT
FMV FMV FMV % of
04/30/14 05/31/14 06/30/14 Total
San Diego Pooled Money Fund
as of June 30, 2014
($000)
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 UtI
Public Agency Self Insurance System
Julian-Cuyamaca FPD
Lake Cuyamaca Rec & Park
Lakeside Fire
Leucadia Water District
Lower Sweetwater FPD
$1,627,739
1,882,521
311,450
3,226,620
$1,000,845
1,893,275
305,388
3,183, 936
$ 684,874
1,983,100
248,594
2,935,419
439,487 425,516 399,106
117,764 117,370 116,196
34,355 36,082 26,789
130,123 120,564 120,564
148,561 146,110 144,050
870,290 845,643 806,705
4,585 629 763
35,091 34,049 33,455
5,759 703 703
59,344 57,793 57,701
39,280 39,139 39,099
3,030 3,019 3,416
2 2 2
5,027 5,009 5,004
1,263 1,530 1,383
4,795 4,835 5,075
1,361 1,533 1,071
6,689 7,589 7,63D
14 14 14
4,228 4,213 4,020
95 174 186
409 396 383
8,390 8,700 8,295
11,360 11,320 11,308
411 442 448
9.43%
27.31%
3.42%
40.42%
5.50%
1.60%
0.37%
1.66%
1.985k
11.11 %
PARTICIPANT
FMV FMV FMV %of
04/30/14 05/31/14 06/30114 Total
Metropolitan Transit System
Majestic Pines CSD
Mission Resource Conservation District
North County Cemetery District
North County Cemetry Perpetual
North County Cemetery
North County Dispatch
North County Fire
Otay Water District investment
Palomar Resource Conservation District
Pine Valley FPD
Pomerado Cem Perpetual
Pomerado Cemetery District
Ramona Cemetery District
Ramona Cemetery Perpetual
Rancho Santa Fe FPD
San Diego Housing Commission
San Diego Rural Fire
San Dieguito River
San Marcos FPD
San Miguel FPD
San Ysidro Sanitation
Santa Fe Irrigation District
SDC Regional Airport Authority
So County OPS Center
Spring ValleylCasa de Oro
Upper San Luis Rey Reservoir
Vallecitos Water District
Valley Center FPD
Valley Cntr Cemetery
Valley Ctr Cem Perpetual
Valley Ctr Water District
Vista FPD
5,186
0
424
1,126
1,259
1,648
3,162
3,816
21,216
0
501
0
1,683
612
352
13,300
9,995
7
11
1
7,579
13
4,921
357,146
0
0
19
5,080
4,268
51
231
16,500
2,135
4,425
0
425
1,161
1,268
1,679
3,072
2,948
21,140
0
523
0
1,699
614
351
13,910
9,959
352
-30
1
9,859
13
4,903
332,711
0
0
20
5,062
4,630
49
230
17,701
2,127
3,982
0
425
1,197
1,278
1,662
2,839
1,873
17,143
0
497
0
1,711
597
350
13,455
9,949
36
-108
1
6,578
13
4,898
326,410
0
0
20
5,057
4,559
50
232
17,289
2,125
Total Independent Agencies
653,394 621,890 603,673 8.3159
Pooled Money Fund Total
3 8,571, 014 37, 850,976 $ 7,262,365 100.00%
COUNTY OF SAN DIEGO TREASURER - TAX COLLECTOR
17
-IS
Investments
City of National City
Portfolio Management
Portfolio Summary
June 30, 2014
Par Market
Value Value
Book % of
Value Portfolio
City of National City
Days to YiMJC YTMfC
Term Maturity 360 Equiv. 365 Equiv.
LAIF
Federal Agency Securities
Investments
Total Earnings
37,468,679.22 37,479,772.96 37,468,579.22 98.68 1 1 0.241 0.244
500,000.30 609,585.00 500,000.00 1.32 1,826 413 1.973 2.000
37,968,579.22 37,989,357.96 37,968,579.22 i00.00% 25 6 0.263 0.267
June 30 Month Ending
Current Year
Average Daily Balance
Effective Rate of Return
8,715.24
37,968,579.22
0.28%
Mark Roberts, Director of Finance
Reporting period 0610412014.06I30f2014
Run Date: 08421f2014 - 11:12
No fecal year history avaiabie
Portfolio CNC
CC
PM (PRF_.PM1) SymRepr & 41.202b
Report Ver. 5.00
City of National City
Portfolio Management
Portfolio Details - Investments
June 30, 2014
Page 2
Average Purchase Stated YTAMC Days to Maturity
CUSIP Investment N Issuer Balance Dale Par Value Market Value Book Value Rate S&P 365 Maturity Bate
LAIF
98-37-576 11058 Local Agency Investment Fund 37,468,579.22 37,479,772.96 37,468,579,22 0.244 0.244 1
Subtotal and Average 37,466,579.22 37,468,679.22 37,479,772.96 37,468,579,22 0.244 1
Federal Agency Securities
3136FPAB3 11362 Federal Nail_ Mortgage Assoc, 0811812010 500,000.00 509,585.00 500,000.00 2.000 AAA 2.000 413 0811812015
Subtotal and Average 600,000.00 500,000.00 504,585.00 600,000.00 2.000 413
Total and Average 37,968,579.22
Run rate: 0812112014 - 11:12
37,968,579.22
37,989,367.96 37,966,579.22
0.267 6
Portfolio CNC
CC
PM ZPRF PM2) SymRept 6.41.202b