Investment Report for August 2018

This report examines the performance of the public funds currently invested by the Will County Treasurer’s Office. This narrative covers investment activity and performance in August 2018.

Total Investment Portfolio

The county’s total holdings at the end of August had a market value of $315.1-million. Excluding cash, the Treasurer’s Office has invested $262.4-million (83.3%) across a variety of fixed income security types. The total portfolio has a Yield-to-Maturity of 1.91% with an average maturity of 2.7 years.

Benchmark Performance

The Will County Treasurer’s Investment Policy sets two benchmarks against which we compare the performance of our investments.

  1. The 90-Day Average of the 1-Year Treasury Bill as quoted by the U.S. Treasury Department
  2. The 90-Day Average of the 3-Year Treasury Note as quoted by the U.S. Treasury Department

We use these two benchmarks because they closely relate to the length of time we hold an investment.

County’s Levy Distribution

The Treasurer’s Office will collect and distribute approximately $1.87-billion in real estate property taxes this calendar year. Will County receives a portion of the levy distribution as a taxing body itself.

As of this report, our office has invested half of our target of $70-million for cash reserves. We invest in high-quality commercial bonds, municipal bonds, US Treasuries, and negotiable certificates of deposit.

Investment

Face Value

Yield

Cash Flow

Broker

BMO CD 2.183% 12/3/18 $ 750,000 2.1830% $ 16,373 BMO
Pima Co AZ 721664DG2 $ 615,000 1.6100% $ 9,902 WFC
CAT 14912L4D0 $ 700,000 2.1720% $ 15,204 WFC
PNC 69353REZ7 $ 1,000,000 2.3500% $ 23,500 FITB
BAC 06050TME9 $ 1,000,000 2.2970% $ 22,970 UBS
JPM 11/20 $ 1,000,000 2.3870% $ 23,870 JPM
BMO CD 2.183% 12/17/18 $ 1,000,000 2.1830% $ 21,830 BMO
JPM 12/20 $ 4,000,000 2.4340% $ 97,360 JPM
JPM CP 2.53% $ 5,000,000 2.5300% $ 126,500 JPM
HOG 41283LAG0 $ 1,000,000 2.2500% $ 22,500 WFC
T 1/15/19 912828N63 $ 1,000,000 2.2000% $ 22,000 WFC
BAC 06051GEX3 $ 1,000,000 2.4600% $ 24,600 JPM
WFC 94974BFQ8 $ 2,000,000 2.5030% $ 50,060 UBS
GS 38145XAA1 $ 1,000,000 2.6220% $ 26,220 UBS
JPM 46625HJR2 $ 1,000,000 2.5700% $ 25,700 JPM
MS 61746BDX1 $ 1,000,000 2.5750% $ 25,750 UBS
MS 61746BDM5 $ 1,000,000 2.6000% $ 26,000 JPM
JPM CP 2/4 2.56 $ 1,000,000 2.5600% $ 25,600 JPM
CAT 14912L4E8 $ 1,000,000 2.4400% $ 24,400 WFC
T 2/15 912828SH4 $ 1,000,000 2.2500% $ 22,500 WFC
GS 38141EA25 $ 2,000,000 2.5800% $ 51,600 JPM
FNMA 3135G0ZA4 $ 1,000,000 2.2000% $ 22,000 WTFC
T 2/28 912828SH4 $ 1,000,000 2.2500% $ 22,500 WFC
JPM CP 3/4 $ 1,000,000 2.6000% $ 26,000 JPM
APPL 037833BQ2 $ 1,000,000 2.2500% $ 22,500 JPM
ORD 167593HV7 $ 655,000 2.2600% $ 14,803 UBS
PEPSI $ 530,000 2.4210% $ 12,831 WTFC
FITB 316773CQ1 $ 1,000,000 2.5500% $ 25,500 FITB
Total Award $ 35,250,000 2.4130 % $ 850,572

Click to all of Will County Investment Holdings (August 2018).