HomeMy WebLinkAboutInvestment Report January 31 2016 Treasurer–Tax Collector Peggy Moak, Treasurer-Tax Collector
25 County Center Drive, Suite 1.25 T: 530.538.7701 butteCounty.netlttC
Oroville, California 95965-3384 F: 530.538.7548
TREASURER-TAX COLLECTOR
February 12, 2016.
Butte County Board of Supervisors
Butte County Chief Administrative Officer
Treasury Oversight Committee
The attached investment report for January 31, 2016 is submitted In accordance with the Butte
County Statement of Investment Policy dated July 1, 2015. All investments are in compliance with
this policy.
The Investment Report demonstrates that sufficient liquidity is available to meet anticipated
expenditures during the next six months.
The Local Agency Investment Fund (LAIF) is used as a benchmark for portfolio performance. A look
at the 5 year moving average for the Butte County Treasury apportioned yields vs. LAW
apportioned yields demonstrates that, over time, a medium term, laddered portfolio will generally
outperform a shorter term investment strategy, which LAIF usually mirrors. The 5 year moving
average for Butte County's FY 10114 and FY 14115 performance compared to LAIF shows margins
of 1.386'% and 1,092%, respectively. Using $350,000,000 as a baseline portfolio (actively invested
balance), this translates to enhanced earnings averaging $3,822,000 per year for the past five
years.
Investments are marked to market monthly based on a current market price determined by U.S.
Bancorp Investments. Copies of statements reflecting investment and cash management
transactions are provided to the Board of Supervisors monthly and are available upon request.
Quarterly Investment Reports are made available on the Treasurer-Tax Collector website at
hgp-://www.buttecountA.net/ttc.
Respectfully,
L4��15_ A flic—
Peggy Moak
Butte County Treasurer-Tax Collector
cc: Butte County Auditor-Controller Butte-Glenn Community COege
Butte County Board of Supervisors Chico Unified and Gridley Unified School Districts
Butte County District Attorney Jessee, Meegan—Butte County Deputy Administrative Cfcer
Butte County Schools-JPA Liu Annie—Butte County Manager, Gov't.Accounting
Butte County Sheriff Childs, Heather—Butte County Internal Auditor
Butte County Superintendent of Schools
Butte County Special Districts(Quarterly)
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��//pA1rcror BUTTE CUNTY TREASURER'S INVESTMENT' REPORT
January 31,2016
YIELD TO WEIGHTED AVERAGE
ACTIVELY MANAGED PORTFOLIO: MATURITY MATURITY(DAYs)* PAR VALUE FAIR VALUE COST CARRIED
LOCAL AGENCY INVESTMENT FUND(LAIF) 0.446% 1 132,152„944.12 132,152,944.12132,152„944.12
CALTR'UST SHORT TERM 0.578%, 1' 4,532.36 4,532.36 4,525.71
BANK MONEY MARKET(COLLATERALIZED) 0.380% 1' 1,000;468.60 1,000,468.60 1,o00,468.60
U.S.TREASURY NOTES** 1.537% 1,613 14,000,000.00 14,124,959,00 14,006,552.44
MUNICIPAL BONDS— 1.742%m 1,274 2',5,570,000.00 25,773„140.20 25,673,282.65
CORPORATE NOTES— 1.361°! 89B 50,987,000.00 61,422,002.135 51,418,986.33
NEGOTIABLE CDS'* 1.792% 1,179 4,500,000.00 4,502,663.65 4,498,184.28
CERTIFICATES OF DEPOSIT(COLLATERALIZED) 1.100% 449 500,000.00 500,000.00 500,000.00
FEDERAL AGENCY NOTES** 1.26.3% 989 210,599,000.00 211,354,859.37 210,564,820.55
TOTAL ACTIVELY MANAGED PORTFOLIO: 1,069% 7'17 439,313,945.01 440,1335,570,15 439,819,764.96
INVESTM',ENT OF NOTEIBOND PROCEEDS AND OP'ERATIN'G CASH
SCHOOL BOND PROCEEDS(6ee page 2 Pardetaft) 4,615,995.46 4,615,995.46 4,615,995.46
OPERATING ACCOUNT'S
U,S.BANK CHECKING ACCOUNT DEPOSITS 18„108,516.91 18„108,516.91 18,108,516.91
OPERATING CASH 31,037.29 31,037.29 31,037.29
OTHER 0.00 0.00 0.00
TOTAL TREASURER'S FUND LEDGER BALANCE;- 462,069,494.74 463,591,119.61 462,575,314.62
INVESTMENTS UNDER MANAGEMENT OF TRUSTEES Iseepage 3dordietaia) 3,344,625,19 3,384,396.49 3,377,696.14
PAR VALUE FAIR VALUE COST CARRIED
TOTAL CASH AND INVESTMENTS: 465,414,122.93 466,975,516.30 465,953,010.76
SIX MONTH LIQUIDITY PROJECTIONS
Estimated Cash Receipts for Next Six Months 437„148,077
Estimated Disbursements for Next Six.Months -482„016,435
Estimated Net Cash Flow for Next Six Months*** -44,868,358(A1)
Prudent Reserve -30,000,000(A2)
Securities Maturing 26,000,000(B)
Local Agency investment Fund/Cal Trust/MMF 133,157,938 (C)
Tote Liquidity for Next Six Months 84,289,580(A1+A2+B+C)
Estimated Cash Available for Long Term investment -30,000,000
Remaining Available Liquidity 54,289,580
Total Par Value of actively managed Investments maturing in less than 12 months: 159,532,945
Total Par Value of actively managed Investments maturing in more than 12 months: 279,781,000
Actual Weighted Average Maturity will be shorter,and actual dollar amount of investments maturing in less than 12'months will be higher than stated,due to call features on investments.
*
Seepage 5 for detailed list of investments.
Includes IRAN(Tax and Revenue Anticipation Notes)receipts and disbursements,if applicable.
1
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
INVESTMENT OF SCHOOL BOND PROCEEDS
January 31, 2416
INVESTMENT MATURITY ANNUAL PAR FAIR COST
BONDINOTE DESCRIPTION TYPE DATE DESCRIPTION YIELD' VALUE VALUE CARRIED
BONDS-LOCAL AGENCY INVESTMENT FUND(LAIF)
Chico Unified Measure E Series A LAiF 0.446% 4,615,995.46 4,615,995.46 4,615,995.46
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 4,615,995.46 4,615,996.46 4,616,995.46
Yields quoted above are a snapshot per investment type, Actual yields earned on school bonds are calculated by the Treasurer's office and are a composite of investment earrings less Treasury costs.
2
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
DEPOSITS AND INVESTMENTS UNDER MANAGEMENT OF TRUSTEES/FISCAL AGENTS
January 31, 2016
INVESTMENT MATURITY ANNUAL PAR FAIR COST
FINANCING PROGRAM TYPE DATE DESCRIPTION YIELD VALUE VALUE CARRIED
2004 PENSION OBLIGATION BONDS
WELLS FARGO BANK,TRUSTEE
Series A Bond Fund#XXXX1106 Money Market HERITAGE MM#3106 0.304% 71.86 71.86 71.86
Int.Rate Stabilization Fund#XXXX1109 Money Market HERITAGE MM#3106 0.304% 1,005.54 1,005.54 1,005.54
Pooled Agency Funds Local Agency Investment Fund 0.446% 1,635.55 1,635.55 1,635.55
Principal Account Fund#XXXX1140 Cash Cash 0.000% 0.00 0.00 0.00
Interest Account Fund#XXXX1141 Cash Cash 0.000% 23.84 23.84 23.84
Surplus Account Fund#XXXXII142 Cash Cash 0.000% 1,041,094.42 1,041,094.42 1,041,094.42
Series B Interest Fund#XXXX1301 Money Market HERITAGE MM#3106 0.304% 12,015.47 12,015.47 12,015.47
Series B Bond Fund#XXXX1305 Money Market HER€TAGS MM#3106 0.304% 902,908.74 902,908.74 902,908.74
SUBTOTAL 1,958,755.42 1,968,755.42 1,958,755.42
2006 COP-NEAL ROAD RECYCLING&WASTE FACILITY
WELLS FARGO BANK,TRUSTEE
Certificate Reserve Fund#XXXX0800 Money Market Gov MMF Service Fund 9743 0.015% 11,299.60 11,299.60 11,299.60
USTreaslAgency 06111121 FHLB 9313DAl W95 1.920% 1,170,000.00 1,209,768.30 1,191,200.40
Base Rental Payment Fund#XXXXOB01 Money Market Gov MMF Service Fund#743 0.015% 14,850.53 14,850.53 14,850.53
Expense Fund#XXXXOS02 Money Market Gov MMF Service Fund#743 0.015% 2,231.32 2,231.32 2,231.32
SUBTOTAL 1,198,381.45 1,238,149.7$ 1,219,581.85
DEPOSITS WITH FISCAL AGENTS
Discovery Benefits
Plan Year Cash Balance 1/01114-12131114" NA 18,132.45 18,132.45 —30,000.00
York Risk Services Group-Claim Administrators
Umpqua Bank#XXXXX2601 Commercial Bank Business Checking NA 169,358.87 169,358.87 169,358.87
SUBTOTAL 187,491.32 187,491.32 199,358.87
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 3,344,628.19 3,384,396.49 3,377,696.14
Represents the most current data available(source:Auditor-Controller)
"Benefits can be paid in advance of receipt of offsetting payroll deductions
3
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
ACTIVELY MANAGED PORTFOLIO"AT-A-GLANCE"
January 31,2016
IIIIIIIIIIIIN
INVESTMENTS BY TYPE* ]INVESTMENTS BY MATURITY&YIELD*
Local Agency Investment Fund/CalTrust/MMF LAIF/CTIMMF $ 133,157,945
Federal Home Loan Bank FHLB $ 46,000,000 LAIF I CALTRUST/MMF(1 day) 0.446% $ 133,157,945
Federal Home Loan Mortgage Corp FHLMC $ 32,625,000 01-12 months 1.081% $ 26,375,000
Federal National Mortgage Assn FNMA $ 28,900,000 13-36 months 1A42% $ 134,574,000
Federal Farm Credit Bark FFC13 $ 53,625,000 37-60 months 1.780% $ 145,207,000
Federal AgriculturN Mortgage Corp FAMCA $ 36,449,000 TOTAL PAR VALUE $ 439,313,945
Corporate Notes CORP $ 50,987,000
U.S.Treasury Notes LIST $ 14,000,000 Investments managed by Trustees&School Bond Proceeds not included.
Tennessee Valley Authority TVA $ 5,000,000 Friat maturity dates are used:probable call dates are not considered
Supranational SUPRA $ 8,000,000
Certificates of Deposit(Collateralized/Negotiable) CDs $ 5,000,000
Municipal Bonds MUNI $ 25,570,000
$ 439,313,945
2% 1% 6%
3% 1%
ui
I-Ail' CALTRUST
LAIF/CT/MMF FHLB IFIFLIVC FNMA .01-12 months
FFCB FAMCA m CORP UST ,13-36 months
TVA n SUPRA CDs MUNI .37-60 months
OMNI
Butte County Pooled Treasury Portfolio Balance"
Net of Tax and Revenue Anticipation Notes (TRAN) and Bond Proceeds
$500,000,000
$475,000,000 .............
$450,000,000 ...........
$425,000,000 - ......
$4100,000,000
$375,000,000zaix
$350,000,000
$,325,000,000
$300,000,000
$275,000,000
$250,000,000 -—---------
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
..........
This chart does not include deposits from TRAN,Bond Proceeds,or Investments under Management of Trustees.
It is Intended to demonstrate cash Row trends,and establish a baseline for the portfolio,,enabling medium term investments.
4
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
MANAGED PORTFOLIO-DETAILS OF SECURITIES HELD
January 31,2016
CredB Ralleg PDIChdSe Malamy YieM to
scauntY Oescnalloa 98P YgISI Jl F[bFh Date p.R, Matudtyl9,1 Par Value Fafr Value Casl CaMetl•
166764AC4 CHEVRON CORP AA Aal NR 107308014 6/242016 0.435 10,000.000.00 10.035,09000 10,017.959.26
35160X1181 GE CAPITAL FINANCIAL IN C C D NR NR NR W192011 81192X16 1.850 25000000 251,771.04 250.00000
3133EEE04 FEDERAL FARM CREDIT BANK AA- Aaa AAA 31MO15 916201& 0.610 5060,00005 4,985,140.00 4,99731750
17294AXX1 CIT BANK NR NR NR 9162011 9168016 1&10 250.000.00 251,859.54 250.006-00
3051 GE CAPITAL RETAIL BANK NR NR NR 10/112013 10111/3016 1.205 250.000.00 251043.93 260,000.06
880591058 TE NNE SSEE VAL LEY AUTHOR TTY AA- Aaa AAA 11272012 121t58016 0.970 5400,000.00 5.t79,720.00 51165,921 67
31315PYE9 FARMER MAC NR NR NR 1/35/3312 1182017 1.150 3,000.000.00 3,023.596.00 3,006,21957
3133E£LR9 FEDERAL FARM CREDIT BANK AA+ A- AAA ?!42015 11272017 0.535 2,825,900.00 2,820,258.13 2,62473787
3137E.AOCO FREDDIE MAC AA. Aaa AAA 21147X13 3162017 0753 5000.000.00 5,013,670.00 5013,382.48
57682PMSO MASSACHUSETTS ST GO LTG TXBL AA- Aa1 AA+ 4188013 4718017 0.780 2.CWOW.W 2,006.420-00 2,005.041.17
89236TBH7 TOYOTA MOTOR CREDITCORP AA, Aa3 A 31132015 51168017 1.000 4,500,O00.D0 4,502,916,00 451,07
3133EA4H8 FEDERAL FARM CREDIT BANK AA. A- Nft 101158012 711IM17 0,842 5.00000')-00 4,997,405.00 4,998,47597
4590SURF3 INTL BK RECON 6 DEVELOP AAA Aea NR 2/1912015 71178017 0990 3,000,000.D0 3.005 D25 3.000418,13
3135G0ZF3 FEDERAL NAIL MORTGAGE ASSN AA+ Aaa AAA 4168015 71262017 5630 5,060,000.00 5.052,54500 5010.743.75
3MA37KD FEDERAL NOME LOAN BANK AA- Aaa NR 12/312014 9823117 1.070 5,000,0011.05 5,028,91500 4,998,375.05
3i 33EEOX1 FEDERAL FARM CRECIT BANK AA- A. AAA 2252015 91257Xt7 1.000 3,000,000.00 3,005,763,00 3,000,000.00
3134G5JJ5 FEDERAL HOME LOAN MTG CORP AA- A- AAA 9/292014 9129/2957 1.100 1,626,000,00 1 630,720,00 1.625,000.00
313391920 FEDERAL HOME LOAN BANK AA. Aaa NR 1v1Brz012 12/82017 0857 5006,000.00 4,978,545.00 4.990.306.32
3133ECB45 FEDERAL FARM CREDIT BANK AA+ Ada AAA IV268012 121268017 0,910 10,000,000.00 10,000730--00 9,938,097.22
31315PTSS FARMER MAC NR NR NR 11112713 128712017 0.903 4,26500000 4,274.899,07 4,264,754.27
31315FSY1 FARMER MAC NR NR NR 1192015 1182078 1,320 3,184,000.00 3,194,443.52 3.164,000.00
3137EADNS FHLMC.750M18 AA+ AAa AAA 11142013 1f1MD18 0.920 5,000.000,00 L985,980.00 4.983,859.07
31315PB40 FARMER MAC NR NR NR 22681113 1242018 1.022 1,000.00/0.00 1003,091200 998.991.80
3134034K3 FEDERAL HOME LOAN MTG CORP AA- Na AAA 1/302013 1/308018 1.000 5,000000,DO 6.000.695.00 5,000,000.00
3135GI FEDERAL NATL MORTGAGE ASSN AA+ Ada AAA 211412013 2!148018 1.000 18000.00000 9,998,400,00 10DDDMO-DO
45124J5Z2 JP MORGAN CHASE BANK NA NR NR NR 7/2012013 21202318 1.125 25000000 250,000.00 280.00000
3133ECGC2 FEDERAL FARM CREDIT BANK AA. An AAA 31138013 11252018 1080 5.000.000.06 4,997,970.00 5,000,060.00
31315POM4 FARMER MAC NR NR NR 3UfZD13 3168018 0.940 10,000,000.00 10,003,04000 9,999,95803
31316PZZB FARMER MAC NR NR NR 51152073 3!98018 0.976 5,000,000.00 4.963,595.00 4,978,859,93
5495206825 NEW YORK LIFE GLOBAL FDG AA. Aaa AAA 41272015 4/272018 1.230 5,000000.00 4.968.340.00 5,007686,85
D2DDOLON6 ALLY BANK NR NR NR 4/30/2015 47307619 1.150 25D,DOO.O0 25o,Do0.00 250,000.00
3133ECNY6 FEDERAL FARM CREDIT BANK AA+ Aae AAA 5!82013 51a8018 0986 5,000.000.00 S,00D.385_DO 096D28 47
3134045W4 FEDERAL HOME LOAN MTG CORP AA+ Asa AAA 5898013 5898016 1.000 5,0004OOO.DO 4.9?51 DD 5,00000 00
17275RAU6 CISCO SYSTEMS INC AA- Al NR 111122015 61158018 1.355 5,000W0.D0 5,046,380.00 5,033,043,30
692361CPS TOYOTA MOTOR CREDIT CORP 0.4 Aa3 A 9!1812015 71132018 1.060 5,000.00000 5.W3,t10D.00 4.99,L004 14
313CA46K3 FEOERAL HOME LOAN BANK AA+ aaa NR 2/278015 8848018 1 350 5.000000.00 S,D02,305,00 5,000,000 00
38147J3EC GOLDMAN.SACHS BANK USA NR NR NR 81272014 8878018 1650 250.00000 250,000.00 250,000.00
02587CAYG AMERICAN EXPRESS BK FSS NR NR NR &268014 8888018 1.600 250,Doo00 250 OW DO 25.OX.00
79545ORM5 SALLIE MACE BA MALT LKE NR NR NR 118$8013 111202018 20511 250.00000 250,000.00 25D,0DD_DC
686184WJ7 ORIENTAL SANK NR NR Nft 12/162015 121172318 1,750 250,00500 250,aDo.00 25000000
11923611300 TOYOTA MOTOR CREDIT CORP AA, Aa3 A 9/182015 t1172019 1875 5,000,000,00 5058,950.00 5.032,095.58
65D7351<80 NEW YORK ST URBAN OEV CORP REV AAA Aal AA+ 17!182014 31152019 1980 51.00 5,083,25000 5.001.436.36
3130A4UU4 FEDERAL HOME LOAN BANK AA+ NR NR 4292D15 4129/X19 0.626 4,700,000,00 4,720,783,40 4,715,716.80
IX63CKL3 CALI FO RNIA ST GO U NL70 TXBL AA. Aa3 A. 1184/2014 5112019 1.900 3,000000.00 3,038.190.00 3,032,550.47
59491BA.CS MICROSOFT CORP AAA. A- AA+ 91281X115 6112019 1,580 2,500,00.00 2,721.777.60 2.71 I.Z47 17
313379EE5 FEDERAL HOME LOAN BANK AA. An NR 61162014 611472619 1.785 5,000,000.00 5,05137000 4.974.296.27
914120582 UNIV OF CALIFORNIA CA REV TXBL AA As2 AA &242215 7112119 1.698 5000,000.00 5,041,20006 5,016.095.53
31315PM71 FEDERAL AGRIC MTG CORP Nft NR NR 77172014 77178019 1.813 5,00000000 5.083.435.00 4986,328.51
45DO58EV1 INTL BK RECON&DEVELOP AAA Aaa NR 11282016 7262019 1.392 500000000 4.915.875.00 4,975,90759
31315PTOI FARMER MAC NR MR NR 8852014 8838019 1765 5.000.000.00 5,088,035.00 4,971,93932
683S9XAX3 ORACLE CORP AA- Al A. 10762015 10788019 1045 4.162000.00 4237236.47 4,221,596.03
3133EEONS FEDERAL FARM CREDIT BANK AA, Aaa AAA 11/122014 11112/3119 1.800 5,000,000.6 5,10726500 5,000,000,00
3134G3272 FEDERAL HOME LOAN MTG CORP AA+ Ada AAA 472015 1188020 1.000 5,000,001200 5.000.870.00 4,994,265,62
C25E7OXE3 AMERICAN EXPR CENTURION NR NR NR 1/3072015 1/302020 1950 250,000.00 250.DUU.W 250,00.09
3136G2CPD FEDERAL NAIL MORTGAGE ASSN AA+ AAa AAA 11308015 173072020 1700 4.250.000.00 4,279,592.75 4,260,00000
313403099 FEDERAL HOME LOAN MTG CORP AA. Asa AAA 21138015 21138020 5,800 6,000,000.00 6,00339000 5.965,394 00
882B06EM0 TEXAS ST TECH UNIV REV AA ml AA+ 11/62015 21158020 1.790 2,570000.00 2.628.180.20 2,671 2[10,53
3130A4K43 FEDERAL HOME LOAN BANK AA. Aaa NR 3/408015 37302020 1.800 5,00700000 5,011.395.00 5.000000.00
91282aJ84 U 5 TREASURY NOTE AA. Aaa APA 4782015 3!312020 1.330 5.000.000.00 5.015,525.00 5.008.976.43
1306305,34 CALIFORNIA ST GO UNLTO TXBL AA- Aa3 A+ 489Y2015 4112020 19&1 5.000.000.00 4,980,000.00 5.02a.871 33
3133EEYJJ FEDERAL FARM CREDIT BANK AA+ Aba AAA 41132015 411WMM 1.680 4D00,D00.00 001 372 BD 4000,000.00
712700M62 PEOPLES UNITED BANK NA NR NR NR 4115/3315 41158020 1.800 250.000110 250,000,00 25000000
313OA4VG4 FEDERAL HOME LOAN BANK AA- Aaa NR 412280t5 4FOJ2020 1.740 1.100,00700 1,100,155.10 1,100,00000
037833901 APPLE INC AA. Aa1 NR 6812015 5168020 1.592 9.826000.00 9877612,88 9867,920.66
313602HF7 FEDERAL NAIL MORTGAGE ASSN AA+ Asa AAA 51192'615 tvisl 0 1.690 5,000,t100.DO 5,006,150.00 S,000,006.00
912826XE5 USTREASURY NOTE AA+ Aaa AAA GfIM15 5218020 1.503 4,000 ow DO 4,00,624,00 3,999458.86
3133EEU65 FEDERAL FARM CREDIT BANK AA+ Ao. AAA 6/872015 6182Dm 1.850 4,000000.00 4,001,796.00 4,000,0DO.OD
140420RXO CAPITAL ONE BANK USA NA NR NR NR 61102015 6/102020 2006 250,00000 24a911.47 248,911.47
3133a3HUe FEDERAL HOME LOAN BANK AA. M. NR 558015 SO 22020 1780 5000,000.00 5073.93000 4,993.740.34
313353HUS FEDERAL HOME LOAN BANK AA+ Aaa NR 7/202015 6/1211020 1.806 5,0uBum SO 5,073.83000 4,988,2]5.45
31338341-li FHL81.375 06120 AA- Aad NR 7232015 6112!X20 1.796 5,200000,DO 5.185.08DA6 5,109,112.43
3135G2L7D FEDERAL NATL MORTGAGE ASSN AA+ Aaa AAA 6/308015 11308020 2,000 4,650.000.00 071,483.00 4,650,00000
8321172X1 TEXAS ST ASM UNIV REV AAA A. AAA &108015 7117X120 190 3,000600.00 3,012,900.00 2,973,183.99
3133EFCH8 FEDERAL FARM CRECIT BMK AA+ Raa AAA 91aeol5 9182020 1,8% 5,000,000.00 5,024,36500 5,000,060.00
05660ACW2 BMW BANK NORTH AMERICA NR NR NR 91182715 9/188023 2200. 250000.00 250,000.00 250,000.00
20D33AMR4 COMENITY CAPITAL BANK NR NR NR 9812015 9212020 2,250 250.00000 250,00000 250000.00
254672VT2 DISCOVER BANK NR NR NR 101212015 70818020 2200 250.000.00 250,000,00 250,000,00
14042RBL4 CAPITAL ONE NA NR NR NR 1111381115 i0288020 2277 250,006.00 249,70130 249,701.30
912e28WC0 US TREASURY NOTE AA, Aaa AAA 111108015 1073173120 1.771 5400,000.00 5,076.71007 4.995,228.40
94966TWGB WELLS FARGO RANK NA NR NR NR 17/372015 12132020 1.850 25 pw OD 250.000.00 250.00000
2MBBNX93 ENERBANKUSA NR NR NR 11288016 1/282021 1.903 250,900.00 249,376.37 249.37637
"Effective Duratlorr•,2.212 1.340 305,656,000.00 307,177,625.07 306,058,189.80
5aWce: LLS.Baax SalekeePing
'VdI-maydiffarhom Treasurers Cost Carried d-1.arc W.�I e1Md.i tm
••Bond£dge PodIWo Ana;Y 4
Notes: Federal Agrl:alhaal Mortgage Cerpdrat TOA-IXi lea are issued by a U S,Government a9-Y and are MI rdted_
Nagolieble CDo are no[rated hM are FDIC insured,
5