Laserfiche WebLink
February 02, 2021 <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 December 31, 2020; and Summary <br />Report of Investments for Calendar Year 2020, <br />RECOMMENDATION:. Receive and File <br />, FISCAUMAN DATES IMPACT; None <br />DISCUSSION: <br />This report covers the one-month period ending December 31, 2020 in Part I and summarizes the <br />12 -month results for 2020 in Part 11. <br />The average daily portfolio balance for December was $3.312 Billion as predicted last month. <br />The balance will taper off slightly until April/May when it may reach $3.4 Billion. <br />The annualized percentage yield, net of admin fees, for December was 0.458%, another <br />decrease from November. There were no additional rate cuts by the Federal Open Market <br />Committee and although most of the volatility has gone out of the interest rate market, yields <br />continue to decline. There are suggestions that the market has hit bottom and that yields will rise <br />slightly in 2021. <br />In December, the portfolio's net annualized percentage yield exceeded two of three <br />benchmarks, shown at the far right of Exhibit 5. As I look at Exhibit 5, 1 would say that the <br />percentage yield of our benchmarks has reached a bottom: at 0.100% for Wells Fargo Heritage <br />Fund, at 0.300% for CalTrust, and at 0.540% for LAIF. LAIF's yield exceeded our yield for the first <br />time in several years. <br />800 South Victoria Avenue, Ventura, California 93009-1290 <br />www.,.venturapropertytax.org (805) 654-3734 <br />