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(.0nslut <br />TREASURER -TAX COLLECTOR <br />1F <br />VENTURA COUNTY <br />..,, STEVEN HlNTZ <br />TREASURER <br />TAX COLLECTOR <br />Sus Horgan <br />Assistant Treasurer -Tax collector <br />December 4, 2018 <br />Ventura County Board of Supervisors <br />800 South Victoria Avenue <br />Ventura, CA 93009 <br />SUBJECT; Receive and File Report of Investments, Including Market Values for <br />Investments for the Month Ending October 31, 2018. <br />RECOMMENDATION: Receive and File <br />FISCAUMANDATES IMPACT. None <br />DISCUSSION: <br />This report covers the one-month period ending October 31, 2018. It reflects continuing positive <br />trends in the investment portfolio results. <br />The average daily portfolio balance for October was $2.098 Billion, the highest October average <br />balance ever, by $141 Million. It is an increase of $76 Million from the September balance. The <br />balance is rapidly rising in November and will accelerate as secured property tax payments arrive. <br />The annualized percentage yield for October was 2.293%, an increase of 0.098% over <br />September. I expect the annalized yield to increase at a faster rate for the next several months, <br />based on expected interest rate increases and enhanced cash flow. <br />Going forward, if the current pool investments were all held to their maturity, the pool's <br />approximate yield to maturity is 2.34%, an increase of 0.14% over September. As I write this <br />report on November 13, that figure holds steady. <br />The total net earnings were $4.086 Million, an increase of $439,000. 1 expect that November's <br />total net earnings will remain about the same. <br />The weighted average days to maturity rose to 144 days. The interest -rate sensitive measure <br />of effective duration ended at 0.377, reflecting the pool's very low sensitivity to interest -rate <br />changes. These slight increases reflect the slightly longer terms for new investments. <br />The three largest sectors, by percentage, were: Yankee Certificates of Deposit (28.83%), <br />Commercial Paper (25.91%), and Government Agencies (16.24%.) The three largest individual <br />800 South Victoria Avenue, Ventura, Califomis 93009-1290 <br />ww VWft apr0PWWex-p (605)&543734 <br />