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OEM '&L <br />1W iffT 911110k Am WF <br />�v <br />UKA <br />AFEIR& w�m w k;0UN I T <br />STEVEN HINTZ <br />TREASURER <br />TAX COLLECTOR <br />Sue Homan <br />Assistaint Treasurer. -Tax Collector <br />Ventura County Board of Supervisors <br />800 South Victoria Avenue <br />Ventura, CA 93009 <br />SUBjEC*T: Receive and Ffle Report of Investments, 1ncludIng Market Values for <br />Investments -for the Month Ending July 31, 2021 <br />................. --------------- ----------------------------- --------------------------------- <br />ir­;l <br />This report covers the one-month peg- od ending July 31, 2021. <br />The average daily' p- ortfo lio:,balance for July was $2.961 Billion. The balance will taper off slightly <br />until November. This 'is the hignesi July balance ever, by $329 million. <br />!ft <br />The annualized percend <br />tage yi: I I ive <br />el, net of adm*strat* fees, for July was 0.281%, a decrease <br />from June. There were no additional rate cuts by the Federal Open MarketI <br />Cm_�omftee, and <br />because most of the volatility has gone out of tie '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,-, I. <br />10*11 <br />believe 'Inflationary pressures viii : result in yield increases. The market sensed change, sooner <br />than later, and yields 'appear -to be set to increase. <br />InJuly, the portfolios net annualized percentage yield exceeded all three of our benchmarks, <br />shown: at the far right of Exhilbit 5. <br />Going forward, if the current Portfolio investments were all held to maturity, the portfolio's <br />'s!pProximate. yield to maturity would be 0.33%, a slight decrease from June. <br />800 South Victoria Avenue, Ventum, California 93.009-129" <br />www.Yentur;Mxopedytaxotg (805)654-3,734 <br />