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HomeMy WebLinkAboutFifth Third 65650026668727 Nov 2015 i ! i 11/3 1130 FIFTH THIRD BANK 5050 KINGSLEY DRIVE MD 1MOB2D CINCINNATI,OHIO 45263 www.53.com Internet Banking and Bill Payment It is important for you to review the data reported in this statement and contact your Relationship Manager if you have any questions or concerns. DIANE CORDRAY,CLERK TREASURER CITY OF CARMEL ONE CIVIC SQUARE CARMEL, IN 46032-2584 1500 News and Information Fifth Third Institutional Services is working relentlessly to meet your financial needs. If we may be of assistance in any way,please contact your Relationship Manager,Trust Officer or Portfolio Manager listed on the next page. O O Statements Included in This Mailing z Account Account Title Account Account Title 65-65-002-6668727 CITY OF CARMEL LIQUIDITY MGMT O f!] O H 0 • i 04-1130 i-(1211--- ►-_, Investment Account 65-65-002-6668727 11/01/2015- 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT Investment Account 65-65-002-6668727 FIFTH THIRD BANKAS CUSTODIAN FOR Account Contacts — CHERYL COOPER(317) 383-2795 CITY OF CARMEL,INDIANA — THOMAS BLAIR(317)383-2479 LIQUIDITY MANAGEMENT — ARICA RATLIFF(513)358-5972 I INVESTMENT ALLOCATION SUMMARY I E Cash and Equivalents- 1% Last Statement This Statement Percent of Est.Annual Estimated Fixed Income- 99% Description Market Value Market Value Assets Income Yield Cash and Equivalents $1,576,373.60 $121,282.47 l% $3.63 0.0% Fixed Income $13,397,596.50 $14,834,304.00 99°/o $165,500.00 1.1% Total Account Value $14,973,970.10 $14,955,586.47 100% $165,503.63 1.1% Net change in total account value(0.1)0/0 Decrease ACCOUNT SUMMARY ACCOUNT OVERVIEW Income Cash Principal Cash Investments* Total Current Period Calendar YTD Beginning Balance $76,373.60 $1,500,000.00 $13,397,596.50 $14,973,970.10 Income Earned Income $40,194.41 $40,194.41 Interest $40,194.41 $125,631.66 Distributions $(1,747.40) $(7,416.03) $(9,163.43) Total Income Earned $40,194.41 $125,631.66 Net Security Transactions $(1,486,122.11) $1,486,122.11 Distributions Change in Market Value $(49,414.61) $(49,414.61) Cash $(9,163.43) $(87,675.60) Ending Balance $114,820.61 $6,461.86 $14,834,304.00 $14,955,586.47 Total Distributions $(9,163.43) $(87,675.60) *Investments represent the activity in your equity,bond&other security holdings Security Transactions Purchases $(4,486,909.61) $(14,338,066.45) REALIZED GAIN/(LOSS) SUMMARY sales $3,000,787.6 $14,257,155.50 Net Security Transactions $(1,486,122.11)) $(80,910.95) 0 Current Period YTD Change in Market Value $(49,414.61) $(71,263.45) g Short-term gain/(loss) $(300.00) $(300.00) 72, Long-term gain/(loss) $5,995.50 $(45,433.00) Net realized gain/(loss) $5,695.50 $(45,733.00) Z INVESTMENT OBJECTIVE 0 Capital Preservation Capital preservation with an expectation of principal stability,and an emphasis on current income. N 3 m L 0 0 H F Investment Account 65-65-002-6668727 Page 1 of 10 04-1130 _-- ' ''''mVA'" Investment Account 65-65-002-6668727 11/01/2015 - 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT PORTFOLIO POSITIONS M Current Market %of Cost Accrued Est.Annual Est. Quantity Symbol Description Price Value Acct Basis Income Income Yield ,Cash.&Equivalents 1.4700 CASH $1.000 $1.47 0.0% $1.47 114,820.0000 FIFTH THIRD BANKSAFE TRUST $1.000 $114,820.00 0.8% $114,820.00 $0.27 $3.44 (INCOME INVESTMENT) CUSIP-316775907 6,461.0000 FIFTH THIRD BANKSAFE TRUST $1.000 $6,461.00 0.0% $6,461.00 $0.82 $0.19 CUSIP-316775907 FIFTH THIRD BANKSAFE PREMIUM $1.000 0.0% $4.75 CUSIP-316775923 Cash&Equivalents- Total $121,282.47 0.8% $121,282.47 $5.84 $3.63 Fixed Income 800,000.0000 FREDDIE MAC $100.172 $801,376.00 5.4% $803,383.20 $913.89 $7,000.00 0.9% 08/16/13 0.875 10/14/16 CUSIP-3137EADS5 1,300,000.0000 US TREASURY NT $100.168 $1,302,184.00 8.7% $1,302,746.54 $2,750.00 $13,000.00 1.0% 09/15/14 1.000 09/15/17 CUSIP-912828D98 2,000,000.0000 UNITED STATES TREAS NTS $99.930 $1,998,600.00 13.4% $2,002,272.33 $2,247.27 $17,500.00 0.9% 10/15/14 0.875 10/15/17 CUSIP-912828F54 1,500,000.0000 UNITED STATES TREAS NTS $100.039 $1,500,585.00 10.0% $1,500,063.62 $6,926.23 $15,000.00 1.0% 12/15/14 1.000 12/15/17 CUSIP-912828G79 1,500,000.0000 US TREASURY NOTE $103.258 $1,548,870.00 10.4% $1,576,352.69 $3,992.10 $46,875.00 3.0% 04/30/10 3.125 04/30/17 CUSIP-912828NA4 1,000,000.0000 UNITED STATES TREAS $101.785 $1,017,850.00 6.8% $1,025,589.29 $1,596.84 $18,750.00 1.8% 10/31/10 1.875 10/31/17 CUSIP-912828PF1 Investment Account 65-65-002-6668727 _ Page 2 of 10 e • • III • ! • 04-1130 """""'�®11""..n." Investment Account 65-65-002-6668727 11/01/2015 - 11/30/2015 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 Fixed Income (continued) 100,000.0000 US TREASURY N/B $102.543 $102,543.00 0.7% $104,039.40 $6.15 $2,250.00 2.2% 11/30/10 2.250 11/30/17 CUSIP-912828PK0 500,000.0000 UNITED STATES TREAS NTS $99.652 $498,260.00 3.3% $498,771.21 $319.37 $3,750.00 0.8% 10/31/12 0.750 10/31/17 CUSIP-912828TW0 3,500,000.0000 UNITED STATES TREAS NTS $99.332 $3,476,620.00 23.2% $3,484,464.85 $59.77 $21,875.00 0.6% 11/30/12 0.625 11/30/17 CUSIP-912828UA6 2,600,000.0000 US TREASURY N/B $99.516 $2,587,416.00 17.3% $2,593,766.52 $8,160.33 $19,500.00 0.8% 12/31/12 0.750 12/31/17 CUSIP-912828UE8 Fixed Income- Total $14,834,304.00 99.2% $14,891,449.65 $26,971.95 $165,500.00 1.1% Total Portfolio Positions $14,955,586.47 100.0% $15,012,732.12 $26,977.79 $165,503.63 1.1% C O O O O O O V1 Z Z La [D O Investment Account 65-65-002-6668727 Page 3 of 10 04-1130 '." '4® ." Investment Account 65-65-002-6668727 11/01/2015 - 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT BOND MATURITY SCHEDULE I YEARS TO MATURITY PAR VALUE %OF TOTAL 1 Year or Less $15,000,000 $14,000,000 1 Year or Less $800,000 5.40% NiRiliagefiligERMiga MiteffigitkiniESIMINft Total 1 Year or Less $800,000 5.40% $12,000,000 tild1 ig 2to5Years MaligaMmiginOn 2 Years $9,900,000 66.90% $9,000,000 3 Years $4,100,000 27.70% Total 2 to 5 Years $14,000,000 94.60% adaVaattingaigi kiiiitMENHAMMARSA giiiiIMESIMM Total Bonds ° $6,000,000 $14,800,000 100.00/o MINIMEMIOIN $3,000,000 6184119011 $800,000 HIMIESTIONSOF $0 ry Z z 'a4 fi 1 Year or Less 2 to 5 Years Investment Account 65-65-002-6668727kl Page 4 of 10 • • • 111) S • 04-1130 Investment Account 65-65-002-6668727 11/01/2015- 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT ACCOUNT ACTIVITY Cost Income Principal Date Description Basis Cash Cash Corporate Interest 11/05/15 COMENITY CAP BK SALT LAKE CITY $134.25 09/08/14 0.700 03/08/16 CD INTEREST ON 250,000 11/05/15 GOLDMAN SACHS BK USA NY $571.92 05/22/13 0.500 11/23/15 CD INTEREST ON 250,000 11/05/15 KEY BK NATL ASSN OHIO $514.73 05/22/13 0.450 11/23/15 CD INTEREST ON 250,000 11/05/15 LUANA SVGS BK IOWA $402.74 02/13/15 0.700 02/13/17 CD INTEREST ON 250,000 Total Corporate Interest $1,623.64 U.S. Government Interest O 11/02/15 US TREASURY NOTE $23,437.50 04/30/10 3.125 04/30/17 INTEREST 3.125 PAYABLE 10/31/15 0 ON 1,500,000 PAR VALUE 0 11/02/15 UNITED STATES TREAS $9,375.00 10/31/10 1.875 10/31/17 INTEREST 1.875 PAYABLE 10/31/15 ON 1,000,000 PAR VALUE • 11/03/15 FEDERAL HOME LOAN BANK $4,340.28 11/15/13 0.625 12/28/16 INTEREST ON 2,000,000 • 11/03/15 UNITED STATES TREAS NTS $(5,327.87) Investment Account 65-65-002-6668727 Page 5 of 10 04-1130 "" (12 Investment Account 65-65-002-6668727 11/01/2015 - 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT ACCOUNT ACTIVITY (continued) Cost Income Principal Date Description Basis Cash Cash U.S. Government Interest,,: z�. �. (continued) 11/30/12 0.625 11/30/17 ACCRUED INTEREST PAID ON 2,000,000 11/03/15 US TREASURY N/B $(5,135.87) 12/31/12 0.750 12/31/17 ACCRUED INTEREST PAID ON 2,000,000 11/19/15 UNITED STATES TREAS NTS $(195.74) 10/31/12 0.750 10/31/17 ACCRUED INTEREST PAID ON 500,000 11/30/15 US TREASURY N/B $1,125.00 11/30/10 2.250 11/30/17 INTEREST 2.25 PAYABLE 11/30/15 ON 100,000 PAR VALUE 11/30/15 UNITED STATES TREAS NTS $10,937.50 11/30/12 0.625 11/30/17 INTEREST.625 PAYABLE 11/30/15 ON 3,500,000 PAR VALUE Total U.S. Government Interest $38,555.80 Other Income 11/02/15 FIFTH THIRD BANKSAFE TRUST $0.18 INTEREST 11/02/15 FIFTH THIRD BANKSAFE TRUST $0.55 INTEREST 11/02/15 FIFTH THIRD BANKSAFE PREMIUM $14.24 INTEREST Total Other Income $14.97 Investment Account 65-65-002-6668727 Page 6 of 10 i 1111 111 • • • 04-1130 Investment Account 65-65-002-6668727 11/01/2015- 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT ACCOUNT ACTIVITY (continued) Cost Income Principal Date Description Basis Cash Cash Cash Distributions 11/05/15 CITY OF CARMEL $(7,416.03) OCTOBER LAM INCOME Total Cash Distributions $(7,416.03) Trustee/Agent Compensation 11/20/15 FIFTH THIRD BANK $(1,747.40) COMPENSATION AS OF 10/31/15 Total Trustee/Agent Compensation $(1,747.40) Security Purchases 11/03/15 UNITED STATES TREAS NTS $1,992,194.20 $(1,992,194.20) 11/30/12 0.625 11/30/17 CREDIT AGRICOLE SECURITIES(USA) 11/02 PURC 2,000,000 PAR @ 99.6097 11/03/15 US TREASURY N/B $1,995,944.20 $(1,995,944.20) 12/31/12 0.750 12/31/17 DEUTSCHE BANK SECURITIES, INC. 11/02 PURC 2,000,000 PAR @ 99.7972 11/19/15 UNITED STATES TREAS NTS $498,771.21 $(498,771.21) 10/31/12 0.750 10/31/17 CREDIT AGRICOLE SECURITIES(USA) 11/18 PURC 500,000 PAR @ 99.7542 Total Security Purchases $4,486,909.61 $(4,486,909.61) Security Sales&Maturities Z 11/03/15 FEDERAL HOME LOAN BANK $(1,995,092.00) $2,001,140.00 11/15/13 0.625 12/28/16 RBS SECURITIES INC. 11/02 SALE 2,000,000 PAR @ 100.057 11/05/15 COMENITY CAP BK SALT LAKE CITY $(250,000.00) $250,147.50 09/08/14 0.700 03/08/16 Investment Account 65-65-002-6668727 Page 7 of 10 04-1130 Investment Account 65-65-002-6668727 11/01/2015 - 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT ACCOUNT ACTIVITY (continued) Cost Income Principal Date Description Basis Cash Cash Security Sales&Maturities (continued) CD 11/02 SALE 250,000 PAR @ 100.059 11/05/15 GOLDMAN SACHS BK USA NY $(250,000.00) $249,925.00 05/22/13 0.500 11/23/15 CD 11/02 SALE 250,000 PAR @ 99.97 11/05/15 KEY BK NAIL ASSN OHIO $(250,000.00) $249,875.00 05/22/13 0.450 11/23/15 CD 11/02 SALE 250,000 PAR @ 99.95 11/05/15 LUANA SVGS BK IOWA $(250,000.00) $249,700.00 02/13/15 0.700 02/13/17 CD 11/02 SALE 250,000 PAR @ 99.88 Total Security Sales&Maturities $(2,995,092.00) $3,000,787.50 Cash Equivalents Purchases 11/30/15 FIFTH THIRD BANKSAFE TRUST $38,447.00 $(38,447.00) MONTHLY MONEY MARKET DEPOSIT Total Cash Equivalents Purchases $38,447.00 $(38,44Z00) Cash Equivalents Sales 11/30/15 FIFTH THIRD BANKSAFE TRUST $(993,539.00) $993,539.00 MONTHLY MONEY MARKET WITHDRAWAL 11/30/15 FIFTH THIRD BANKSAFE PREMIUM $(500,000.00) $500,000.00 MONTHLY MONEY MARKET WITHDRAWAL Total Cash Equivalents Sales $(1,493,539.00) $1,493,539.00 Investment Account 65-65-002-6668727 Page 8 of 10 • • • • • 04-1130 Investment Account 65-65-002-6668727 11/01/2015- 11/30/2015 FIFTH THIRD BANK CITY OF CARMEL LIQUIDITY MGMT .54 _ _ GAIN/ (LOSS) ON SALE OF SECURITIES Realized Gain/(Loss) Date Description Quantity Sale Price Proceeds Cost Basis Short-Term Long-Term 11/03/15 FEDERAL HOME LOAN BANK 2,000,000.0000 $100.06 $2,001,140.00 $1,995,092.00 $6,048.00 11/05/15 COMENITY CAP BK SALT LAKE CITY 250,000.0000 $100.06 $250,147.50 $250,000.00 $147.50 11/05/15 GOLDMAN SACHS BK USA NY 250,000.0000 $99.97 $249,925.00 $250,000.00 $(75.00) 11/05/15 KEY BK NATL ASSN OHIO 250,000.0000 $99.95 $249,875.00 $250,000.00 $(125.00) 11/05/15 LUANA SVGS BK IOWA 250,000.0000 $99.88 $249,700.00 $250,000.00 $(300.00) Net Gain/(Loss)on Securities Sold $3,000,787.50 $2,995,092.00 $(300.00) $5,995.50 * * * * End of statement for Investment Account 65-65-002-6668727 * * * * 0 O O_ O O O O L Z O O m 0 Q0 Investment Account 65-65-002-6668727 Page 9 of 10 '/3 FIFTH THIRD BANK Investment Account 65-65-002-6668727 11/01/2015- 11/30/2015 CITY OF CARMEL LIQUIDITY MGMT I 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/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 applications,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 to market fluctuations. The Net change in total account value%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. This Statement is intended to provide you with information on activity within the account.The information provided is not to be used for tax purposes.If you have any questions regarding tax reporting,please contact your Tax Advisor. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries. ©2012 Fifth Third Bank Securities,Investments and Investment Services: Are Not FDIC Insured Offer No Bank Guarantee May Lose Value Are Not Insured By Any Federal Government Agency Are Not A Deposit µ Page 10 of 10 • . •