ESCAMBIA COUNTY BOARD OF COUNTY …

1 Prepared by:Pam ChildersClerk of the Circuit Court & ComptrollerFirst Judicial Circuit, ESCAMBIA CountyFISCAL YEAR 2016 -2017 October 31, 2016 INVESTMENT PORTFOLIO SUMMARY REPORTINVESTMENT PORTFOLIO SUMMARY REPORTESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERSP repared by the Clerk of the Circuit Court and ComptrollerPage 1 ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERSINVESTMENT PORTFOLIO SUMMARY REPORTFISCAL YEAR 2016 -2017 October 31, 2016 INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICSSUMMARY OF INVESTMENT ALLOCATIONS eptember 30, 2016 October 31, 2016 SHORT TERM PORTFOLIO:September 30, 2016 October 31, 2016 Bank Accounts20,124,150$ 22,212,902$ Market Value150,237,772$ 142,438,909$ Money Market Accounts50,430,436 40,444,243 State BOARD of Administration54,681,552 54,721,408 Short Term Portfolio Government Investment Pools5,001,634 5,005,118 Benchmark.

2 S&P GIP Index 30 Day Gross of Fees of Deposit20,000,000 20,055,238 Money Market Mutual Fund1,262,031 82,862 Fiscal YTD Earnings:581,399$ 65,028$ Treasury Bond/Notes30,080,765 29,021,593 Federal Agency Bond/Note47,560,829 48,564,048 Municipal Bonds3,984,063 3,976,241 ENHANCED CASH PORTFOLIO:September 30, 2016 October 31, 2016 Corporate Notes21,741,674 20,211,195 Market Value8,459,315$ -$ Commercial Paper3,062,615 1,199,942 Enhanced Cash Portfolio Yield to Maturity at Portfolio Assets:257,929,749$ 245,494,791$ Benchmark Merrill Lynch 1 Year Treasury Merrill Lynch 1-3 Year Treasury Month Earnings:189,519$ 218,584$ Effective Duration (Years) Year to Date Earnings.

3 2,405,785$ 218,584$ Benchmark Merrill Lynch 1-3 Year Treasury YTD Earnings:271,377$ 3,316$ LONG TERM CORE PORTFOLIO:September 30, 2016 October 31, 2016 Market Value99,232,662$ 103,055,882$ CORE Portfolio Yield to Maturity at Merrill Lynch 1-5 Year Treasury Portfolio Total Merrill Lynch 1-5 Year Treasury Duration (Years) Merrill Lynch 1-5 Year Treasury YTD Earnings:1,553,009$ 150,240$ Market ValuePrepared by the Clerk of the Circuit Court and ComptrollerPage 2 ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERSINVESTMENT PORTFOLIO REPORTFISCAL YEAR 2016 -2017 October 31, 2016 SHORT TERM INVESTMENT PORTFOLIO:PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY:Investment TypeMarket Value Percent AllocationBank of America Checking Account22,212,902$ Market Accounts40,444,243 of Deposit20,055,238 BOARD of Administration54,721,408 Government Investment Pools5,005,118 Short Term Portfolio Assets:142,438,909$ TERM INVESTMENT PORTFOLIO.

4 ENHANCED CASH INVESTMENT PORTFOLIO:PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY:PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY:Investment TypeMarket Value Percent AllocationInvestment TypeMarket Value Percent Treasury Bond / Note29,021,593$ Treasury Bond / Note-$ Agency Bond / Note48,564,048 Agency Bond / Note- Obligations3,976,241 Note- Paper1,199,942 Paper- Note20,211,195 Market Mutual Fund - Federated Government- Market Mutual Fund - Federated Government82,862 Long Term Core Portfolio Assets:103,055,882$ Enhanced Cash Portfolio Assets.

5 -$ Term Portfolio Credit QualityAA+ Term Core Portfolio Credit QualityPrepared by the Clerk of the Circuit Court and ComptrollerPage 3 Security TypeMarket Value Percent Allocation Permitted by PolicyIn ComplianceFlorida Prime (SBA)54,721,408$ States Treasury Securities29,021,593 Instrumentalities48,564,048 Government Investment Pools5, 005,118 of Deposit20,055,238 Accounts40,444,243 Paper 1,199,942 Notes 20,211,195 and/or Local Government Debt3,976,241 Accounts - Bank of America22,212,902 Market Mutual Fund82,862 Investment Holdings245,494,791$ Issuer BreakdownMarket Value Percent Allocation Permitted by PolicyIn ComplianceAmerican Express Co2,501.

6 405 Inc. Corporate Notes752,025 Accounts - Bank of America22,212,902 of New York Mellon Corporate Notes2,009,502 Compass5,000,000 Hathaway Inc623,083 Paribas1,199,942 Bank10,049,609 Corporation Corp Notes749,977 Systems ,014,054 of New York1,724,446 Co747,957 Mobil Corporate Notes1,007,571 Home Loan Bank (FHLB)19,490,951 Home Loan Mortgage Corporation (FHLMC)12,834,854 National Mortgage Association (FNMA)16,238,243 Institutional Government MMF82,862 ,005,118 Prime (SBA)

7 54,721,408 Electric Corporate Notes2,511,213 Bank 22,691,502 Holdings PLC1,001,298 COUNTY BOARD OF COUNTY COMMISSIONERSINVESTMENT POLICY COMPLIANCE REPORTFISCAL YEAR 2016 -2017 October 31, 2016 Prepared by the Clerk of the Circuit Court and ComptrollerPage 4 ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERSINVESTMENT POLICY COMPLIANCE REPORTFISCAL YEAR 2016 -2017 October 31, 2016 Individual Issuer BreakdownMarket Value Percent Allocation Permitted by PolicyIn ComplianceJP Morgan Chase Corporate Notes2,005,088 State767,857 Inc Corporate Notes1,017,176 Bank22,758,370 of Connecticut690,112 Motor Corp1,507,541 States Treasury Securities29,021,593 of WA Taxable Revenue Bonds793,827 Fargo &Company Corporate Notes1,763,307 Investment Holdings245,494,791$ by the Clerk of the Circuit Court and ComptrollerPage 5