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!1o, M iY <br />An <br />WWJ%L vp� W -W <br />a ag <br />-0 AX <br />AM <br />MCRM COLLECTOR <br />;TtV_ti <br />119 <br />;7 111111 1 <br />STEVEN HINTZ <br />TREASURER <br />TAX COLLECTOR <br />Sue Horgan <br />Assistant Treasurer -Tax Collector <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 April 30, 20212 <br />RECOMMENDATION: Receive and File <br />ti <br />............................. <br />This report covers the one-month period ending April 30, 2021.wl <br />The average daily portfolio balance for April was $3.464 Billion. The balance will taper off slightly <br />until November. This is the highest April balance ever. <br />The annualized percentage yield, net of administrative fees, for April was 0.323%, a decrease <br />r <br />from March. There were no additional rate cuts by the Federal Open Market Committee and <br />because most of the volatility has gone out of the interest rate market, yields have steadied. There <br />are credible suggestions that the market has hit bottom and that yields will rise later in 2021. 1 am <br />hopeful but not confident in those suggestions. <br />In April, the portfolio's net annualized percentage yield exceeded our benchmarks, shown al <br />the far right of Exhibit 5, except LAIF, again, but we are close, very close, <br />Going forward, if the current portfolio investments were all held to maturity, the Portfolio's <br />approximate yield to maturity would be 0.37%, a decline from March. <br />800 South Victoria Avenue, Ventura, California 93009-1290 <br />www,venturapropwtytax.org (W5) 654-3734 <br />