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HomeMy WebLinkAboutFifth Third 65650026668727 March 2015 • • • 04-0331 —°4i;ri$"`1 Investment Account 65-65-002-6668727 03/01/2015 -03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT Investment Account 65-65-002-6668727 FIFTH IRO BANK AS CUSTTODIAN FOR Account Contacts -- CHERYL COOPER(317)383-2795 Cr.'OF CARMEL,INDIANA — THOMAS BLAIR(317)383-2479 LIQUIDITY MANAGEMENT — FTIS RELATIONSHIP SERVICES 2 .,z, yW '`INVESTMENT:ALLOCATION SUMMARY C Cash and Equivalents 2% Last Statement This Statement percent of Est.Annual Estimated Fixed Income 98% Description Market Value Market Value Assets Income Yield Cash and Equivalents $259,076.76 $366,066.47 2% $1,753.47 0.5% ti � 0 0 Fixed Income $14,727,666.D0 $14,b19,433A0 98/o $149,125.00 1.0/o Total Account Value $14,986,742.76 $14,985,499.47 100% $150,878.47 1.0°/a g � Net change m total account value 0.0%Increase ACCOUNT;SUMMARY ACCOUNT OVERVIEW Income Cash Principal Cash Investments* Total Current Period Calendar YTD Beginning Balance $63,184.48 $(54,340.22) $14,977,898.50 $14,986,742.76 Income Earned Income $(13,492.39) $(13,492.39) Interest $(13,492,39) $(7,247.20) Distributions $(6,673.05) $(6,673.05) Total Income Earned $(13,492.39) $(7,247.20) Net Security Transactions $127,080.15 $(127,080.15) Distributions Change in Market Value $18,922.15 $18,922.15 Cash $(6,673.05) $(18,436.34) Ending Balance $43,019.04 $72,739,93 $14,869,740.50 $14,985,499.47 Total Distributions $(6,673.05) $(18,436.34) Investments represent the activity in your equity,bond&other security holdings Security Transactions Purchases $(4,379,162.85) $(4,629,162.85) Sales $4,506,243.00 $4,606,368.00 REALIZED GAN (LOSS)=SMMARY . Net Security Transactions $127,080 15 $(22,794.85) o Change in Market Value $18,922.15 $22,289.15 o Current Period YTD g Short-term gain/(loss) $0.00 $0.00 • Long-term gain/(loss) $(882.00) $(1,027.00) Net realized gain/(loss) $(882.00) $(1,027.00) z 4 w INVESTMENT OBJECTIVE • Capital Preservation oCapital preservation with an expectation of principal stability, and an emphasis on current income. 3 m L 0 0 I- Investment Account 65-65-002-6668727 Page 1 of 10 04 0331 Investment Account 65-65-002-6668727 03/01/2015-03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT I' `.. PORTFOLIO;POSITIONS M Current Market %of Cost Accrued Est.Annual Est. Quantity Symbol Description Price Value Acct Basis Income Income Yield I E ',Cash&:Equivalents =<n a Eo-` , 0.9700 CASH $1.000 $0.97 0.0% $0.97 250,000.0000 AMERICAN EXPRESS CENTURION BK $100.123 $250,307.50 1.7% $250,000.00 $345,14 $1,750.00 0.7% 07/18/13 0.700 07/20/15 CD CUSIP-02587DQD3 43,019.0000 FIFTH THIRD BANKSAFE TRUST $1.000 $43,019.00 0.3% $43,019.00 $0.08 $1.29 (INCOME INVESTMENT) CUSIP- 316775907 72,739.0000 FIFTH THIRD BANKSAFE TRUST $1.000 $72,739.00 0.5% $72,739.00 $0.13 $2.18 CUSIP-316775907 Cash&Equivalents- Total $366,066.47 2.4% $365,758.97 $345.35 $1,753.47 0.5% Fixed Income' � -t tip r��4 �,��. �; ��. . «�,�b� . �r<, r 250,000.0000 ALLY BK MIDVALE UTAH $100.160 $250,400.00 1.7% $250,000.00 $430.82 $2,125.00 0.8% 07/17/13 0.850 07/17/15 CD CUSIP-02005Q3K7 250,000.0000 BMW BK NORTH AMER SALT LAKE $100.074 $250,185.00 1.7% $250,000.00 $375.00 $1,250.00 0.5% 06/13/13 0.500 06/15/15 CD CUSIP-05568P3H8 250,000.0000 COMENITY CAP BK SALT LAKE CITY $100.112 $250,280.00 1.7% $250,000.00 $115.07 $1,750.00 0.7% 09/08/14 0.700 03/08/16 CD CUSIP- 20033AGL4 250,000.0000 DISCOVER BK $100.053 $250,132.50 1.7% $250,000.00 $447,92 $1,250.00 0.5% 05/22/13 0.500 05/22/15 CD CUSIP- 254671PJ3 2,000,000.0000 FEDERAL HOME LOAN BANK $100.122 $2,002,440.00 13.4% $1,995,092.00 $3,229.17 $12,500.00 0.6% Investment Account 65-65-002-6668727 Page 2 of 10 411 • • 04-0331 Investment Account 65-65-002-6668727 03/01/2015 -03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT PORTFOLIO;POSITIONS (continued) Current Market %of Cost Accrued Est.Annual Est. Quantity Symbol Description Price Value Acct Basis Income Income Yield Fuxed'Income (continued) 11/15/13 0.625 12/28/16 CUSIP-3130A0065 1,400,000.0000 FANNIE MAE $100.061 $1,400,854.00 9.3% $1,403,780.00 $2,411.11 $7,000.00 0.5% 04/19/12 0.500 05/27/15 CUSIP-3135G0KM4 1,500,000.0000 FANNIE MAE $100.088 $1,501,320.00 10.0% $1,506,180.00 $1,854.17 $7,500.00 0.5% 05/21/12 0.500 07/02/15 CUSIP-3135G0LN1 800,000.0000 FREDDIE MAC $100.560 $804,480.00 5.4% $803,383.20 $3,247.22 $7,000.00 0 9% 08/16/13 0.875 10/14/16 CUSIP-3137EADS5 1,500,000.0000 FANNIE MAE $100.799 $1,511,985.00 10.1% $1,540,441.50 $10,494.79 $24,375.00 1.6% 09/27/10 1.625 10/26/15 CUSIP-31398A4M1 250,000.0000 GE CAPITAL BANK $100.035 $250,087.50 1.7% $250,000.00 $394.52 $1,125.00 0.4% 05/24/13 0.450 05/26/15 CD CUSIP-361603QC5 250,000.0000 GOLDMAN SACHS BK USA NY $100.027 $250,067.50 1.7% $250,000.00 $356.16 $1,000.00 0.4% 05/22/13 0.400 05/22/15 CD CUSIP-38147JFF4 • 250,000.0000 GOLDMAN SACHS BK USA NY $100.035 $250,087.50 1.7% $250,00000 $445.21 $1,250.00 0.5% 05/22/13 0.500 11/23/15 CD z CUSIP-38147JFG2 250,000.0000 KEY BK NATL ASSN OHIO $100.224 $250,560.00 1.7% $250,000.00 $403.13 $1,125.00 0.4% 05/22/13 0.450 11/23/15 CD CUSIP-49306SRV0 250,000.0000 LUANA SVGS BK IOWA $100.262 $250,655.00 1.7% $250,000.00 $225.34 $1,750.00 0.7% Investment Account 65-65-002-6668727 Page 3 of 10 04-0331 Investment Account 65-65-002-6668727 03/01/2015-03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT •�..° "x � • 4w_. • ' • aF PORTFOLIO POSITIONS (continued) Current Market %of Cost Accrued Est.Annual Est. Quantity Symbol Description Price Value Acct Basis Income Income Yield . ..Fixed Income :3 - u. „ 4 `si, e , Fa. ' *_4 • aE .> _._ (continued) 02/13/15 0.700 02/13/17 CD CUSIP-549103QZ5 250,000.0000 MERRICK BK CORP STH JORDAN UT $100.054 $250,135.00 . 1.7% $250,000.00 $27.40 $1,000.00 0.4% 05/22/13 0.400 05/22/15 CD CUSIP-59012Y3D7 250,000.0000 STERLING SVGS BK WA $100.053 $250,132.50 1.7% $250,000.00 $356.16 $1,000.00 0.4% 05/22/13 0.400 05/22/15 CD CUSIP-8595316V2 250,000.0000 SYNOVUS BANK $100.079 $250,197.50 1.7% $250,000.00 $352.74 $1,250.00 0.5% 06/19/13 0.500 06/19/15 CD CUSIP-87164DDE7 1,300,000.0000 US TREASURY NT $100.688 $1,308,944.00 8.7% $1,302,746.54 $600.54 $13,000.00 1.0% 09/15/14 1.000 09/15/17 CUSIP-912828D98 1,500,000.0000 UNITED STATES TREAS NTS $100.539 $1,508,085.00 10.1% $1,500,063.62 $4,409.34 $15,000.00 1.0% 12/15/14 1.000 12/15/17 CUSIP-912828G79 1,500,000.0000 US TREASURY NOTE $105.227 $1,578,405.00 10.5% $1,576,352.69 $19,682.32 $46,875.00 3.0% 04/30/10 3.125 04/30/17 CUSIP-912828NA4 Fixed Income- Total $14,619,433.00 97.6% $14,628,039.55 $49,858.13 $149,125.00 1.0% Total Portfolio Positions $14,985,499.47 100.00/0 $14,993,798.52 $50,203.48 $150,878.47 1.00/0 Investment Account 65-65-002-6668727 Page 4 of 10 x+, • 411 • • 04-0331 Investment Account 65-65-002-6668727 03/01/2015- 03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT e., . BOND MATURITY SCHEDULE • YEARS TO MATURITY PAR VALUE %OF TOTAL $7,100,000 1 Year or Less $7,250,000 ,_ 1 Year or Less $4,400,000 38.30% Total 1 Year or Less $4,400,000 38.30% $5,800,000 2 to 5 Years $4,400,000 2 Years 12,800,000 24.30% $4,350,000 3 Years $4,300,000 37.40% o Total 2 to 5 Years $7,100,000 61.700/o _ $2,900,000a 4,1 ivelitMAte. T +.11 otal Bonds $11,500,000 100.00% m ._° • . $1,450,000 m 1 Year or Less 2 to 5 Years O 0 m W z O fL tz Investment Account 65-65-002-6668727 Page 5 of 10 04-0331 Investment Account 65-65-002-6668727 03/01/2015 -03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT s., . . . .e, ..,, ACCOUNT ACTIVITY Cost Income Principal Date Description Basis Cash Cash Corporate Interest' 03/09/15 COMENITY CAP BK SALT LAKE CITY $134.25 09/08/14 0.700 03/08/16 CD INTEREST.70 PAYABLE 03/08/15 ON 250,000 PAR VALUE 03/13/15 FANNIE MAE $3,437.50 08/17/12 0.500 09/28/15 INTEREST ON 1,500,000 03/13/15 FANNIE MAE $1,281.25 11/16/12 0.375 12/21/15 INTEREST ON 1,500,000 03/23/15 MERRICK BK CORP STH JORDAN UT $76.71 05/22/13 0.400 05/22/15 CD INTEREST.40 PAYABLE 03/22/15 ON 250,000 PAR VALUE Total Corporate Interest $4,929.71 Government Interest 03/13/15 FEDERAL HOME LOAN BANK $2,354.17 08/23/12 0.500 11/20/15 INTEREST ON 1,500,000 03/13/15 US TREASURY NT $(6,428.18) 09/15/14 1.000 09/15/17 ACCRUED INTEREST PAID ON 1,300,000 03/13/15 UNITED STATES TREAS NTS $(3,626.37) 12/15/14 1.000 12/15/17 ACCRUED INTEREST PAID ON 1,500,000 03/13/15 US TREASURY NOTE $(17,222.03) 04/30/10 3.125 04/30/17 ACCRUED INTEREST PAID ON 1,500,000 Investment Account 65-65-002-6668727 Page 6 of 10 411 411 • • 04-0331 Investment Account 65-65-002-6668727 03/01/2015- 03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT , hz # a; .. ACCOUNT ACTIVITY (continued) d) Cost Income Principal Date Description Basis Cash Cash -U.S Government Interest „ , ... .,, . . � _ (continued) 03/16/15 US TREASURY NT $6,500.00 09/15/14 1.000 09/15/17 INTEREST.005 PAYABLE 03/15/15 ON 1,300,000 PAR VALUE Total U.S Government Interest $(18,422.41) zOther.Income ° 03/02/15 FIFTH THIRD BANKSAFE TRUST $0.09 INTEREST 03/02/15 FIFTH THIRD BANKSAFE TRUST 80.22 INTEREST Total Other Income $0.31 Cash Distributions 03/05/15 CITY OF CARMEL $(4,924.38) FEB LAM INCOME Total Cash Distributions $(4,924.38) . Trustee/Agent CoinpeRSation'; 0 03/20/15 FIFTH THIRD BANK $(1,748.67) COMPENSATION AS OF 02/28/15 Total Trustee/Agent Compensation $(1,748.67) Security;Purchases, y..._ ms s <, .,s 03/13/15 US TREASURY NT $1,302,746.54 $(1,302,746.54) 09/15/14 1.000 09/15/17 DEUTSCHE BANK SECURITES INC 03/12 PURC 1,300,000 PAR @ 100.2112 m 03/13/15 UNITED STATES TREAS NTS $1,500,063.62 $(1,500,063.62) 12/15/14 1.000 12/15/17 MORGAN STANLEY&CO INC Investment Account 65-65-002-6668727 Page 7 of 10 04-0331 ®1"�1 Investment Account 65-65-002-6668727 03/01/2015-03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT 1.4 -i'�'z�.s a���'m�V�$ ��° �' s k s ACCOUNT:ACTIVITY (continued) I Cost Income Principal Date Description Basis Cash Cash Security.PurchasesW ; ter_ . Continue ) 03/12 PURC 1,500,000 PAR @ 100.0042 03/13/15 US TREASURY NOTE $1,576,352.69 $(1,576,352.69) 04/30/10 3.125 04/30/17 RBC CAPITAL MARKETS 03/12 PURC 1,500,000 PAR @ 105.0901 Total Security Purchases $4,379,16285 $(4,379,162.85) -.Seeurity Sales&b Maturities. �° .... m F F � :., 03/13/15 FEDERAL HOME LOAN BANK $(1,501,477.50) $1,502,622.00 08/23/12 0.500 11/20/15 CITIGROUP GLOBAL MARKETS 03/12 SALE 1,500,000 PAR @ 100.1748 03/13/15 FANNIE MAE $(1,506,006.00) $1,502,526.00 08/17/12 0.500 09/28/15 CITIGROUP GLOBAL MARKETS 03/12 SALE 1,500,000 PAR @ 100.1684 03/13/15 FANNIE MAE $(1,499,641.50) $1,501,095.00 11/16/12 0.375 12/21/15 BANC/AMERICA SECUR. LLC, MONT. 03/12 SALE 1,500,000 PAR @ 100.073 Total Security Sales&Maturities $(4,507,125.00) $4,506,243.00 Cash,Equ valents Purchases 03/31/15 FIFTH THIRD BANKSAFE TRUST $34,175.00 $(34,175.00) MONTHLY MONEY MARKET DEPOSIT 03/31/15 FIFTH THIRD BANKSAFE TRUST $72,739.00 $(72,739.00) MONTHLY MONEY MARKET DEPOSIT Total Cash Equivalents Purchases $106,914.00 $(34,175.00) $(72,739.00) Investment Account 65-65-002-6668727 ,; Page 8 of 10 �4 • • 04-0331 Investment Account 65-65-002-6668727 03/01/2015- 03/31/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT GAIN I.(LOSS) ON SALE OF SECURITIES Realized Gain/(Loss) Date Description Quantity Sale Price Proceeds Cost Basis Short-Term Long-Term 03/13/15 FEDERAL HOME LOAN BANK 1,500,000.0000 $100.17 $1,502,622.00 $1,501,477.50 $1,144.50 03/13/15 FANNIE MAE 1,500,000.0000 $100.17 $1,502,526.00 $1,506,006.00 5(3,480.00) 03/13/15 FANNIE MAE 1,500,000.0000 $100.07 $1,501,095.00 $1,499,641.50 $1,453.50 Net Gain/(Loss)on Securities Sold $4,506,243.00 $4,507,125.00 $(882.00) * * * * End of statement for Investment Account 65-65-002-6668727 * * * * b O b M O O m Q0 Investment Account 65-65-002-6668727 Page 9 of 10 Investment Account 65-65-002-6668727 FIFTH THIRD BANK 03/01/2015 -03/31/2015 CITY OF CARMEL LIQUIDITY MGMT a y ; _� _ EXPLANATION.OF INVESTMENT MANAGEMENT AND TRUST ACCOUNT TERMS Fifth Third receives payments known as revenue sharing from certain mutual fund families and may receive financial incentives for the sale of certain mutual funds.Fifth Third may benefit financially from the receipt of revenue sharing payments from the advisers and distributors of the mutual fund families.Revenue sharing payments are in addition to standard sales loads,annual service fees(referred to as Rule 12b-1 fees),expense reimbursements,sub-transfer agent fees for maintaining customer account information,providing administrative services for the mutual funds(shareholder accounting and networking fees),and any reimbursement for education, marketing support and training-related expenses.For more information about fees,please ask your relationship manager. The bank may allow cash to be overdrawn from time to time if there is insufficient available cash in the account to fund the account's obligations.However,subsequent additions of cash to the account may be maintained as a non-interest bearing deposit in the account for such time as required so that the time and dollar-weighted basis is equivalent to the time and dollar-weighted basis of the aggregated overdraft balances. These non-interest bearing deposits are intended to compensate the bank for any overdrafts that previously occurred. Distributions paid by check from plans are processed through an omnibus account in the name of Fifth Third Bank. The float period on distributions commences upon the issuance of the distribution check. The float period on distributions ends upon the earlier of: presentation of the distribution check for payment,or the expiration of 180 days(wherein such un-cashed amounts will be placed back into the trust of the distributing plan). Float earnings associated with the payments are retained as compensation for handling of benefit payments.Distributions paid by direct deposit, or wire,do not generate float earnings. Contributions received by Fifth Third Bank pending investment direction from plan fiduciaries will be processed through an omnibus account in the name of Fifth Third Bank. Float earnings associated with contributions are retained as compensation for handling contribution receipts. Contributions received where there are standing investment directions, or which are received with specific investment directions will not generate float earnings. The float earnings received are calculated daily using the current effective federal funds rate that is specified at the New York Fed website: http://www.newyorkfed.org f markets/omo/dmm/fedfundsdata.cfm. Realized Gain/(Loss)on Sale of Securities-has been computed by comparing the selling price of securities to the cost data.Although figures are intended to be accurate,the cost data and realized gain/(loss)data should not be used for tax purposes, Please consult your tax advisor. The Current Prices and Est.Annual Income shown herein are obtained from sources that we believe are reliable, but they are not guaranteed and are listed for purposes of information only. The Est.Yield shown herein represents the income distribution rate that is determined by dividing the est.annual income by the market value. This statement may include certain assets or class of assets,including but not limited to,non-publicly traded and infrequently traded securities, pooled private investments,derivatives,partnership interests,and tangible assets for which there is no readily available market value. The values provided in this statement for such assets are internally generated estimates or values which may have been provided to us by third parties who may not be independent of the issuer or manager- These valuations are unaudited and not guaranteed for accuracy, reliable value or currency. Such valuations are generally based on the most recent values provided or estimated, .However,updates and estimates are only obtained on an infrequent basis, Life Insurance policies, with the exception of Term policies and Group policies,are priced at least annually based on information provided by the issuer. Term Life and Group Life policies are valued at 51.00. The market value information furnished on this statement has been obtained from sources that we believe to be reliable and is furnished for the exclusive use of the client. We make no representation,warranty or guarantee, express or implied,that any stated value represents the actual price at which the asset could be bought or sold or new transactions could be entered into,or that such value represents the actual terms upon which existing transactions could be completed. Additionally,you may not rely on this valuation for tax reporting,credit appligations,etc. The Change In Market Value represents the portion of the overall change in your investment account balance between This Statement and Last Statement that is the result of changes in the value of the securities held in your portfolio due so market fluctuations. The Net change in total account value W. represents the percentage that your Total Account Value increased or decreased between This Statement and Last Statement. It is calculated by subtracting Total Account Value Last Statement from Total Account Value This Statement and then dividing by Total Account Value Last Statement. This percentage change does not represent the investment performance of your account. A copy of the most recent audited financial statements for your common or collective fund holdings or a copy of the prospectus for any of your mutual fund holdings Is available upon request.Please contact your trust officer for guidance on how to request a copy. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries. Securities,Investments and Investment Services: Are Not FDIC Insured Offer No Bank Guarantee May Lose Value ©2012 Fifth Third Bank Are Not Insured By Any Federal Government Agency Are Not A Deposit Page 10 of 10 • a 414,