INVESTMENT REPORT - Laserfiche WebLink

Browse Search

TREASURERJAX COLLECTOR {VENTURA COUNTY STEVEN HINTZ TREASURER TAX COLLECTOR Sue Horgan Assistant Treasurer -Tax Collector May 21, 2019 Ventura County Board of Supervisors 800 South Victoria Avenue Ventura, CA 93009 SUBJECT: Receive and File Report of Investments, Including Market Values for Investments for the Month Ending March 31, 2419. RECOMMENDATION: Receive and File FISCALIMANDATES IMPACT: None DISCUSSION: This report covers the one-month period ending positive trends in the investment portfolio results. March 31. 2019. The report reflects continuing The average daily portfolio balance for March was $2.650 Billion, which exceeds what was the highest March balance ever, by $264 Million. It reflects a slight increase over the February balance. As I write this report, the pool balance is just over $3 Billion, the highest pool balance ever. The annualized percentage yield for March was 2.655%, a slight decrease from February's 2.669%. Our pool exceeded the yields of all three of its benchmarks. The interest rate market in our sectors and within our maturity horizon has settled, as the Federal Open market Committee has apparently decided not to move interest rates for several months. The steadily rising interest rate market helped raise the pool's annualized yield from 1.0% in March 2017 to its current level in just 24 months. I believe the pool's annualized percentage yield will remain steady within a range of 2.50% - 2.70% for several months. Going forward, if the current pool investments were all held to maturity, the pool's approximate yield to maturity is 2.65%. The total net earnings for March were $5.974 Million, an as -predicted increase over February. Earnings will stay over $5.5 Million as long as the pool balance stays over $2.8 Billion and there are no significant interest rate changes. 800 South Victoria Avenue, Ventura, California 88009-1290 www.venturap-WeVax.org (W5)65 -V34