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uounty of Ventura <br />Board of Supervisors <br />June 18, 2024 <br />Page 2 of 3 <br />We continue focusing on risk management, high credit quality,, and diversification. Exhibit 8 is a <br />valuable pie chart graphically illustrating the portfolio holdings by Standard & Poor's (S&P) ratings.. <br />Nearly 41% of the portfojio is in the highest short-term and long-term rating categories (A-1+ and <br />AAA). In addon, U,,STreasury securities represent 16.03% of the portfolio balance,, U,S..Treasury <br />securities are rated AA+ by S&P and Fitch, so they are not included in the nearly 41% mentioned <br />above but are still considered the safest 'Investments,, <br />The three largest sectors, by percentage, were U,S.Treasuries/Government Agencies <br />Yankee Certificates of Deposit (24,44%), and Commercl*al Paper (11.23%). The three largest <br />0 <br />issuers, by percentage, were the U.S. Treasuries (16.03%), the Federal Home Loan Bank (9.49%), <br />and the Federal Farm Credit Bank (5.67%). The three hig hest -y lold I nq soctors, by annualized <br />percentage yield, were Commercial Paper (5.58%), Yankee CDs (5.39%), and Medium -Term <br />Corporate Notes (4.71 %). <br />Thi*s letter has been rev*Iewed and approved as to form by the County Executive Office, the Auditor - <br />Controller's Office, and County Counsel-, <br />Please contact me at 805-654-3771 if you have any questions or require further information <br />regarding this item. <br />R= <br />.Sud Horgan <br />Treasurer -Tax Collector <br />