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Reso 2021-041 Accepting City Council Investment Report QE 12312020
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Reso 2021-041 Accepting City Council Investment Report QE 12312020
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12/21/2023 2:06:43 PM
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3/8/2021 10:45:11 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
3/1/2021
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8H Consent 2021 0301
(Approved)
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\City Clerk\City Council\Agenda Packets\2021\Packet 2021 0301
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CHANDLER <br />ASSET <br />u MANAGEMENT <br />Portfolio Characteristics <br />12/31/2020 9/30/2020 <br />LAIF - City Pool #98-01-809 <br />$42,399,428 <br />$47,990,860 <br />LAIF - Successor Agency <br />28,128 <br />28,069 <br />Passbook/Checking Accounts <br />20,607,782 <br />6,648,376 <br />Total LAIF and Bank Accounts <br />$63,035,338 <br />$54,667,305 <br />Investment Portfolio Market Value <br />$106,397,654 <br />$108,737,794 <br />Total Market Value <br />$169,432,992 <br />$163,405,099 <br />LAIF Quarterly Apportionment Rate <br />0.63% <br />0.84% <br />2 year US Treasury Yield to Maturity <br />0.13% <br />0.13% <br />5 year US Treasury Yield to Maturity <br />0.36% <br />0.28% <br />Investment Portfolio: <br />Average Maturity (yrs) <br />1.89 <br />1.93 <br />Modified Duration <br />1.83 <br />1.85 <br />Average Book Yield <br />1.78% <br />1.89% <br />Average Yield to Maturity at Market <br />0.21% <br />0.25% <br />Average Quality S&P/Moody <br />AA+/Aa1 <br />AA/Aa1 <br />Portfolio Activity <br />Several securities were purchased in the Treasury and Agency sectors of the allocation to keep the portfolio <br />structure consistent with Chandler targets for the strategy. The purchased securities ranged in maturity <br />from February 2023 to August 2025. Two securities were called and several matured to facilitate the new <br />holdings in the portfolio. $2.5 million was withdrawn from the portfolio during the quarter. <br />
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