INVESTMENT REPORT - Laserfiche WebLink

Browse Search

TREASURER -TAX COLLECTOR VENTURA COUNTY STEVEN HINTZ 'sem TREASURER TAX COLLECTOR Sue Horgan Assistant Treasurer --Tax CoftAor June 18, 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 April 30, 2019. RECOMMENDATION: Receive and File FISCALIMANDATES IMPACT: None DISCUSSION: This report covers the one-month period ending April 30, 2019. The report reflects continuing positive trends in the investment portfolio results. The average daily portfolio balance for April was $2.988 Billion. The annualized percentage yield for April was 2.677%, a slight increase from March's 2.655%. Our portfolio 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. I believe the portfolio's annualized percentage yield will remain steady within a range of 2.50% - 2.70% for several months. Going forward, if the current portfolio investments were all held to maturity, the portfolio's approximate yield to maturity is 2.66%. The total net earnings for April were $6.575 Million. Earnings will stay over $5.5 Million as long as the portfolio balance stays over $2.8 Billion and there are no significant interest rate changes. The weighted average days to maturity rose to 162 days. The interest -rate sensitivity measure of effective duration rose to 0.388. Both of these numbers remain within an acceptable range, reflecting the portfolio's very low sensitivity to interest rate changes. The numbers also reflect management's attention to lengthening maturity dates to manage cash flow needs farther in advance. 800 South Victoria Avenue, Ventura, Calibmia 93009-1290 —ver hxWroperty(-.-g (805) 8543734