HomeMy WebLinkAbout4.03 Investment Rpt 3rd Qtr
CITY CLERK
File # D[2]~[Q]-~[QJ
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: May 6, 2008
SUBJECT:
City Treasurer's Investment Report for 3rd Quarter 2007-2008
Report Prepared by Paul S. Rankin, Administrative Services Dir. ~
ATTACHMENTS:
Quarterly Investment Report For The Period Ending March 31, 2008
RECOMMENDATI~ ~eceive the Report
FINANCIAL STATEMENT: See Report
DESCRIPTION: The attached Investment Report details the City's investments as of March 31, 2008,
in accordance with the requirements for reporting investments.
REPORT FORMAT
The format ofthe report consist of the following components:
Section 1 - Portfolio Information
. Portfolio Summary (This includes the Par Value; Market Value; and Yield)
. Portfolio Details (Includes a listing of individual securities and investments)
. Investments By Type (Listing of Federal Securities including call date if applicable)
Section II - Investment Charts
Section III - Listing of Investment Transactions by Month
3rd QUARTER RESULTS
As shown on the Portfolio Summary the total investments as of March 31, 2008 were approximately $118
million. The "Yield to Maturity" was calculated at 4.046% and the weighted average maturity of the
portfolio was 649 days (1.8 years). The report also displays the weighted average maturity based on the "Call
Date". If all securities were assumed to be called the portfolio average maturity drops to less than one year at
257 days. The Market Value at March 31, 2008 was approximately $2.4 million more than the Par Value.
(Par Value = $118,018,240 and Market Value = $120,409,589) The typical approach used by the City is to
hold investments until maturity. The City does not typically actively sell securities prior to their maturity. In
the current market, the premature liquidation of a security would result in less interest income upon
reinvestment, diluting any gain achieved from selling the investment prior to its stated maturity.
-------------------------------------------------------------------------------------------------------------
COPY TO:
Page 1 of3
ITEM NO.
Lf.3
G:\lnvestments\FY 2007 -08\March 2008 Stmt\Ag_ Stmt_ 3rdQtr _ Mar _ 08.doc
The following Table displays the comparative results based on information in the Portfolio Summary for the
third quarter of the previous year to the current year.
COMPARISON OF PORTFOLIO MEASURES
3rd Quarter FY 2006/07 vs. 3rd Quarter 2007/08
Quarter 3
2006/07
(J anuary - March 2007)
$114,590,968
909 days (2.49 yrs)
4.445%
Quarter 3
2007/08
(J anuary - March 2008)
$118,018,240
649 days (1.78 yrs)
4.046%
As noted in the Table the total portfolio is approximately $3.4 million more than one year ago. The total
portfolio will fluctuate throughout the year. In February 2008, pursuant to a funding agreement with the Lin
family the City received approximately $11.2 million to finance the construction of the Fallon Road /
Interstate 580 Interchange Project. These funds will be expended once a construction contract is approved.
Without the receipt of this one-time capital project funds the total portfolio would have decreased for this
quarter compared to one year ago. The average maturity ofthe investments held also decreased from 2.49
years to 1.78 years. The City has also experienced a decline in the interest rates.
INVESTMENT ACTIVITY DURING THE QUARTER
This report discloses changes in individual securities due to Maturities, Called Securities, and New
Investments. A total of $26,680,000 in securities either matured or were called during the quarter. As shown
below only one of the transactions were due to a maturing investment, while 6 securities were called prior to
their stated maturity date.
a
FHLB 12/19/2003 $2,180,000 12/3/2008 4.00% January 29, 2008
FHLB 10/19/2004 5,000,000 10/19/2009 4.25% January 29,2008
FNMA 1/29/2007 2,000,000 1/29/2009 5.25% January 29,2008
FHLMC 417/2004 5,000,000 1017/2008 3.30% February 7,2008
FHLB 6/24/2003 9,000,000 6/24/2008 3.10% February 14, 2008
FHLB 06/30/2003 1,000,000 6/30/2008 3.20% March 30, 2008
TOTAL
CALLED $24,180,000
G:\lnvestments\FY 2007 -08\March 2008 Stmt\Ag_ Stmt_ 3rdQtr _Mar _ 08.doc2
~~j
Staff purchased three new investments during the quarter with a combined par value of $9 million as outlined
below:
FNMA
FNMA
FNMA
Total
INVESTMENTS PURCHASED DURING THE THIRD QUARTER
etiv
1/30/2008
2/07/2008
3/14/2008
3,000,000
3,000,000
3,000,000
$9,000,000
3.57%
3.30%
2.625%
2/08/2010
2/22/2010
3/24/2009
All securities which were purchased have a one-time call provision as shown in the Table above. The types
of securities purchased were selected to continue to diversifythe investments among different issuers. All
are AAA rated securities issued by Federal National Mortgage Agency (FNMA) an agency of the Federal
government. All of the purchases were original issues purchased at par, which means that there was not a
pricing adjustment for a premium or discount. Therefore, the stated coupon rate will be the rate actually
earned on these securities.
COMPOSITION OF PORTFOLIO
Section II of the Report contains charts which assist with reviewing the portfolio. The Charts focus on key
factors to monitor including the investment maturities as well as the composition of the portfolio. The
following are key highlights ofthe portfolio:
. At March 31, 2008 (53%) of the portfolio was immediately available in LAIF and Money Market
instruments. This represents an increase from the 32% reported as of December 31, 2007. This is
impacted by the following events: 1) Receipt of the Fallon Interchange Financing; 2) A large number
of called securities; 3) Maximization of the amount invested in LAIF (Maximum balance allowed is
$40 million).
. Federal Agency Securities represented 47% of the Portfolio. This is a decrease from December 31,
2007 when 68% of the portfolio was reported in this category.
. There was diversity in the issuers of the federal securities held in the portfolio. A total of four
different issuers were represented. (FNMA-34%; FHLB - 29%; FFCB-21 % and FHLMC-16%).
. 60% of the funds are invested for one year or less. This is very close to the 59% reported as of
December 31, 2007.
. 16% of the funds are invested in securities with maturities of 3 years or more.
MONTHLY TRANSACTIONS
Section III of the Report provides a list of transactions related to investments in the City portfolio for each
month of the second quarter (January, February and March 2008). This schedule provides compliance with
the Government Code requirement to disclose monthly transaction data. It is incorporated as part of the
quarterly investment report rather than individual monthly reports.
RECENT TRENDS COMPARED TO BUDGET
Actions taken by the Federal Reserve Board during the first quarter have resulted in lower interest rates being
available on investments. Typically the LAIF investment lags behind this trend. The current emphasis is on
selection of investments with shorter maturities. Staff is also evaluating additional pooled investment
opportunities that would provide efficient management of City funds, as a complement to the purchase of
individual securities. Reduced interest rates will result in lower revenue to the General Fund from interest.
It is recommended that the City Council receive the report.
G:\lnvestments\FY 2007-08\March 2008 Stmt\Ag_ Stmt_ 3rdQtr _Mar _ 08.doc3
:J, Gj 3
I(Q~r\1
~.
CITY OF DUBLIN
QUARTERLY INVESTMENT REPORT
Third Quarter Fiscal Year 2007-2008
March 31, 2008
Presented To City Council May 6, 2008
Section 1 - Portfolio Information
. Portfolio Summary (Includes the Par Value; Market
Value; and Yield)
. Portfolio Details (Includes a listing of individual
securities and investments)
. Investments By Type (Listing of Federal Securities
including call date if applicable)
Section II - Investment Charts
Section III - Listing of Monthly Investment Transactions
ri~tt 4'3 5/ b /O~ htirzz
ATTACHMENT (
CITY OF DUBLIN
Portfolio Management
Portfolio Summary
March 31,2008
Par Market Book %of Days to YTM/C
Investments Value Value Value Portfolio Term Mat.lCall 365 Equiv.
Money Market 22,863,239.60 22,863,239.60 22,863,239.60 19.37 2.905
LAIF 40,000,000.00 40,000,000.00 40,000,000.00 33.88 1 1 4.180
Federal Agency 55,155,000.00 56,981,343.90 55,199,673.82 46.75 1386 549 4.421
Total $118,018,239.60 $119,844,583.50 $118,062,913.42 100.00% 649 257 4.046%
- -- ---------------- ----------~--~---_.,_._- --- - ----------- - -----
Cash and Accrued Interest
Accrued Interest 565,005.39 565,005.39
Total Cash and $118,018,239.60 $120,409,588.89 $118,062,913.42 649 257 4.046%
Investments Value
The schedule of investments, including the dates of maturity, provide adequate cash flow liquidity to meet anticipated expenditures over the next six months. The
investments and schedule of investments are in compliance with the City of Dublin Investment Policy, and all applicable laws and regulations.
e~ ~~Q (] Lf!.aI/looK
PAUL S. RANKIN, ADMINISTRATIVE SERVICES DIRECTOR DATE {
S0
~
-
--.,
CITY OF DUBLIN
Portfolio Management Page 1
Portfolio Details - Investments
March 31, 2008
Average Purchase Stated Days to YTM/C Maturity
CUSIP Investment # Issuer Balance Date Par Value Market Value Book Value Rate Term Mat.lCalB65 Equiv Date
Money Market Accounts
SYS10044 10044 Columbia Funds 07/01/2007 1,942,187.00 1,942,187.00 1,942,187.00 2.850 2.850
SYS 1 0046 10046 Fidelity US Govt Portfolio 07/01/2007 20,921,052.60 20,921,052.60 20,921,052.60 2.910 2.910
---
Subtotal and Average 21,388,375.44 22,863,239.60 22,863,239.60 22,863,239.60 2.905
-_._-~..-~- ...._~_.._-~
LAIF
SYS10043 10043 LAIF 07/01/2007 40,000,000.00 40,000,000.00 40,000,000.00 4.180 4,180
---
Subtotal and Average 39,805,619.66 40,000,000.00 40,000,000.00 40,000,000.00 4.180
.--.-
Federal Agency Coupon Securities
3128X3BQ5 10018 Federal Home Loan Mtg Corp 04/27/2004 5,000,000.00 5,004,000.00 5,000,000.00 3.500 1,462 27 3.500 04/28/2008
31331XJP8 10020 Federal Farm Credit Bank 12/29/2006 2,000,000.00 2,011,880.00 1,999,344.69 4.950 545 86 5.096 06/26/2008
3128X4C90 10027 Federal Home Loan Mtg Corp 01/10/2007 1,000,000.00 1,024,350.00 1,000,898.90 5.050 775 328 4.940 02/23/2009
3136F5MR9 10028 Federal National Mtg Assn 04/07/2004 5,000,000.00 5,017,200.00 5,000,000.00 3.550 1,826 6 3.550 04/07/2009
31331XEE8 10032 Federal Farm Credit Bank 01/10/2007 2,000,000.00 2,081,880.00 1,998,719.07 4.850 1,045 598 4.890 11/20/2009
3128X2PQ2 10033 Federal Home Loan Mtg Corp 03/06/2007 3,000,000.00 3,145,170.00 3,011,544.97 5.000 1,060 668 4.770 01/29/2010
31331YYW4 10061 Federal Farm Credit Bank 03/24/2008 3,000,000.00 3,012,180.00 3,000,000.00 2.625 730 357 2.625 03/24/2010
3136F6W54 10048 Federal National Mtg Assn 08/31/2007 1,500,000.00 1,573,590.00 1,503,313.81 4.810 948 734 4.690 04/05/2010
31359MA94 10054 Federal National Mtg Assn 09/13/2007 2,000,000.00 2,097,500.00 2,008,360.09 4.750 950 749 4.530 04/20/2010
31398ABT8 10034 Federal National Mtg Assn 06/27/2007 2,000,000.00 2,062,500.00 1,990,573.23 5.080 1,052 408 5.321 05/14/2010
3133XJRG5 10035 Federal Home Loan Bank 02/06/2007 2,000,000.00 2,048,120.00 2,000,000.00 5.180 1,277 311 5.180 08/06/2010
3133XGLE2 10036 Federal Home Loan Bank 01/26/2007 3,000,000.00 3,190,320.00 3,002,790.69 5.125 1,323 892 5.080 09/10/2010
31331XNE8 10037 Federal Farm Credit Bank 02/14/2007 2,000,000.00 2,128,760.00 2,000,471.76 5.050 1,448 1,036 5.040 02/01/2011
31331XRQ7 10055 Federal Farm Credit Bank 11/15/2007 1,655,000.00 1,753,273.90 1,682,320.72 4.850 1,210 1,072 4.240 03/09/2011
31331XWU2 10049 Federal Farm Credit Bank 08/31/2007 1,000,000.00 1,059,060.00 1,001,335.89 4.800 1,333 1,119 4.750 04/25/2011
3133XHKF8 10039 Federal Home Loan Bank 11/09/2006 3,000,000.00 3,141,570.00 3,000,000.00 5.250 1,826 587 5.250 11/09/2011
3136F8U37 10059 Federal National Mtg Assn 02/08/2008 3,000,000.00 3,055,320.00 3,000,000.00 3.570 1,461 678 3.570 02/08/2012
3136F82S3 10060 Federal National Mtg Assn 02/22/2008 3,000,000.00 3,030,930.00 3,000,000.00 3.300 1,461 692 3.300 02/22/2012
3133XKNN1 10041 Federal Home Loan Bank 05/03/2007 3,000,000.00 3,168,750.00 3,000,000.00 5.020 1,827 762 5.020 05/03/2012
3133XLEN9 10042 Federal Home Loan Bank 06/15/2007 3,000,000.00 3,213,750.00 3,000,000.00 5.560 1,827 805 5.560 06/15/2012
31398AGR7 10052 Federal National Mtg Assn 09/10/2007 2,000,000.00 2,078,120.00 2,000,000.00 5.200 1,827 527 5.200 09/10/2012
3133XNST7 10058 Federal Home Loan Bank 12/27/2007 2,000,000.00 2,083,120.00 2,000,000.00 4.420 1,827 1,000 4.420 12/27/2012
---
Subtotal and Average 53,909,977.89 55,155,000.00 56,981,343.90 55,199,673.82 1,386 549 4.421
Total and Average 115,103,973.00 118,018,239.60 119,844,583.50 118,062,913.42 649 257 4.046
L\l
~
Run Date: 04/19/2008 - 16: 18
PortfolioDINV
AP
PM (PRF]M2) 7.1.1
--
--
Report Ver. 7.1.1
City of Dublin
CITY OF DUBLIN
Investments by Type
Active Investments
March 31, 2008
Purchase Current Maturity Call Call
CUSIP Investment # Fund Issuer Par Value Price Book Value Rate Date Date Price
Fund: General Fund
------------ _ ___ _________________________________._.___.w._.____ ________.__________n_._ ---_.~~
Federal Agency Coupon Securities
3128X3BQ5 10018 001 Federal Home Loan Mtg Corp 5,000,000.00 100.0000000 5,000,000.00 3.500 04/28/2008
31331XJP8 10020 001 Federal Farm Credit Bank 2,000,000.00 99.7930000 1,999,344.69 4.950 06/26/2008
3128X4C90 10027 001 Federal Home Loan Mtg Corp 1,000,000.00 100.2130000 1,000,898.90 5.050 02/23/2009
3136F5MR9 10028 001 Federal National Mtg Assn 5,000,000.00 100.0000000 5,000,000.00 3.550 04/07/2009 04/07/2008 100.0000000
31331XEE8 10032 001 Federal Farm Credit Bank 2,000,000.00 99.8880000 1,998,719.07 4.850 11/20/2009
3128X2PQ2 10033 001 Federal Home Loan Mtg Corp 3,000,000.00 100.6100000 3,011,544.97 5.000 01/29/2010
31331YYW4 10061 001 Federal Farm Credit Bank 3,000,000.00 100.0000000 3,000,000.00 2.625 03/24/2010 03/24/2009 100.0000000
3136F6W54 10048 001 Federal National Mtg Assn 1,500,000.00 100.2850000 1,503,313.81 4.810 04/05/2010
31359MA94 10054 001 Federal National Mtg Assn 2,000,000.00 100.5300000 2,008,360.09 4.750 04/20/2010
31398ABT8 10034 001 Federal National Mtg Assn 2,000,000.00 99.3594000 1,990,573.23 5.080 05/14/2010 05/14/2009 100.0000000
3133XJRG5 10035 001 Federal Home Loan Bank 2,000,000.00 100.0000000 2,000,000.00 5.180 08/06/201 0 02/06/2009 100.0000000
3133XGLE2 10036 001 Federal Home Loan Bank 3,000,000.00 100.1380000 3,002,790.69 5.125 09/10/2010
31331XNE8 ' 10037 001 Federal Farm Credit Bank 2,000,000.00 100.0330000 2,000,471.76 5.050 02/01/2011
31331XRQ7 10055 001 Federal Farm Credit Bank 1,655,000.00 101.8630000 1,682,320.72 4.850 03/09/2011
31331XWU2 10049 001 Federal Farm Credit Bank 1,000,000.00 100.1590000 1,001,335.89 4.800 04/25/2011
3133XHKF8 10039 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.250 11/09/2011 11/09/2009 100.0000000
3136F8U37 10059 001 Federal National Mtg Assn 3,000,000.00 100.0000000 3,000,000.00 3.570 02/08/2012 02/08/2010 100.0000000
3136F82S3 10060 001 Federal National Mtg Assn 3,000,000.00 100.0000000 3,000,000.00 3.300 02/22/2012 02/22/2010 100.0000000
3133XKNN1 10041 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.020 05/03/2012 05/03/2010 100.0000000
3133XLEN9 10042 001 Federal Home Loan Bank 3,000,000.00 100.0000000 3,000,000.00 5.560 06/15/2012 06/15/2010 100.0000000
31398AGR7 10052 001 Federal National Mtg Assn 2,000,000.00 100.0000000 2,000,000.00 5.200 09/10/2012 09/10/2009 100.0000000
3133XNST7 10058 001 Federal Home Loan Bank 2,000,000.00 100.0000000 2,000,000.00 4.420 12/27/2012 12/27/2010 100.0000000
General Fund Subtotal 55,155,000.00 55,199,673.82
Total 55,155,000.00 55,199,673.82
~
~
Run Date: 04/19/2008 -16:21
Portfolio DINV
AP
DT (pRF _DT) 7.1.1
Report Var. 7.1.1
t5 oJ 11
QUARTERLY INVESTMENT REPORT
Third Quarter Fiscal Year 2007-2008
March 31, 2008
Section II - Investment Charts
o C2-11l
INVESTMENT CHARTS FOR THE QUARTER ENDING MARCH 31, 2008 1
INVESTMENTS BY TYPE (March 31, 2008)
MONEY MARKET
19%
FEDERAL
SECURITIES ~
47%
FEDERAL SECURITIES BY ISSUER (March 31, 2008)
FNMA
34%
FHLMC
16%
FFCB
21%
FHLB
29%
INVESTMENT CHARTS FOR THE QUARTER ENDING MARCH 31, 200;1 ~f I \
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
FEDERAL SECURITIES CALLABLE vs NON-CALLABLE
NON-CALLABLE
41%
March 31, 2008 - Portfolio Maturities
$0
No Maturity (I Yr or Less) (I Yr - 2 Yr) (2 Yr - 3 Yr) (3 Yr - 4 Yr) (4 Yr - 5 Yr)
Date
(I 0(.. I )
Co_
(/
QUARTERLY INVESTMENT REPORT
Third Quarter Fiscal Year 2007-2008
March 31, 2008
Section III -
Listing of Monthly Investment Transactions
Issuer
Investment #
Fund
Current Transaction
Security ID Rate Date Receipt
CITY OF DUBLIN
Cash/Checking Activity
January 1, 2008 - January 31, 2008
Deposits
Withdrawals
Interest Received
City of Dublin
Balance
Money Market Accounts
Columbia Funds
10044
001
SYS10044
Subtotal and Ending Balance
Fidelity US Govt Portfolio
Run Date 04/19/2008 -1623
4.130 01/01/2008
4.130 01/02/2008
4.130 01/31/2008
4.130
7,192.19
6,837.15
14,029.34
0.00
875.00
59,027.78
2,000,000.00
5,000,000.00
75,000.00
52,500.00
7,187,402.78
0.00
12,340.78
875.00
8,260,000.00
8,260,875.00
12,340.78
------_....--,,~--_._--_..._---_._,,_._-_._--_.~----_._- --_.-~----_....._~.~
1,800,000.00
1,280,00000
8,260,000.00
11,340,000.00
1,800,679.66
308,420.96
1,942,187.00
1,942,187.00
1,942,187.00
1,942,187.00
1,942,187.00
2,627,198.74
2,627,198.74
2,639,539.52
2,640,414.52
2,639,539.52
2,698,567.30
-5,561,432.70
-3,561,432.70
1,438,567.30
1,513,567.30
1,566,067.30
1,566,067.30
30,149,679.66
31,949,679.66
30,149,000.00
30,457,420.96
31,737,420.96
39,997,420.96
39,997,420.96
1,800,679.66
308,420.96
18,527,402.78
10,061,554.66
334,791.08
43,505,675.26
-"
~~
Portfolio D~
LP(PRF_LP)7.1.1___
Report Ver. 711___
City of Dublin
CITY OF DUBLIN
Cash/Checking Activity
February 1, 2008 - February 29, 2008
Issuer Current Transaction
Investment # Fund Security JD Rate Date Receipt Deposits Withdrawals Interest Received Balance
Money Market Accounts
Columbia Funds
~.~-'---' -_._----~---_.-
10044 001 SYS10044 1,942,187.00
3.390 02/01/2008 1,942,187.00
3.390 02/29/2008 5,252.91 1,942,187.00
Subtotal and Ending Balance 3,390 0.00 0.00 5,252.91 1,942,187.00
Fidelity US Govt Portfolio
._~---
1 0046 001 SYS10046 1,566,067.30
3.430 02/01/2008 1,566,067.30
3.430 02/01/2008 4,682.96 1,570,750.26
3.430 02/01/2008 726,666.67 2,297,416.93
3.430 02/01/2008 50,500.00 2,347,916.93
3.430 02/0112008 9,163.90 2,357,080.83
3.430 02/0612008 51,800.00 2,408,880.83
3.430 02/07/2008 55,000.00 2,463,880.83
3.430 0210712008 5,000,000.00 7,463,880.83
3.430 0210812008 10,496.30 7,474,37713
3.430 02108/2008 1,453,333.33 8,927,710.46
3.430 02/0812008 3,000,000.00 5,927,710.46
3.430 02111/2008 2,500,000.00 8,427,710.46
3.430 0211112008 21,375.00 8,449,085.46
3.430 02/14/2008 38,750.00 8,487,835.46
3.430 02/14/2008 9,000,000.00 17,487,835.46
3.430 02/2212008 3,000,000.00 14,487,835.46
3.430 0212512008 25,25000 14,513,085.46
Subtotal and Ending Balance 3.430 18,937,854.26 6,000,000.00 9,163.90 14,513,085,46
LAIF
LAIF
--~--'--~-"--'
10043 001 SYS10043 39,997,420.96
4.960 02/0712008 1,200,000.00 38,797,420.96
4.960 02/2612008 600,000.00 39,397,420.96
Subtotal and Ending Balance 4.960 600,000.00 1,200,000.00 0.00 39,397,420.96
Total 19,537,854.26 7,200,000.00 14,416.81 55,852,693.42
----
G
"o~~,
-
-
City of Dublin
CITY OF DUBLIN
Cash/Checking Activity
March 1, 2008 - March 31, 2008
Issuer
Investment #
Fund
Current Transaction
Security ID Rate Date Receipt
Deposits
Withdrawals
Interest Received
Balance
Money Market Accounts
Columbia Funds
10044
001
SYS10044
Subtotal and Ending Balance
Fidelity US Govt Portfolio
10046
SYS 10046
001
Subtotal and Ending Balance
LAIF
LAIF
10043
SYS10043
001
Subtotal and Ending Balance
Run Date: 04/19/2008 - 16:24
2.850 03/01/2008
2.850
1,942,187.00
1,942,187.00
1,942,187.00
0.00
0.00
0.00
14,513,085.46
14,513,085.46
14,544,043.85
14,584,177.60
14,661,052.60
14,713,052.60
22,913,052.60
19,913,052.60
19,921,052.60
20,921,052.60
20,921,052.60
2.910 03/01/2008
2.910 03/03/2008
2.910 03/10/2008
2.910 03/10/2008
2.910 03/10/2008
2.910 03/11/2008
2.910 03/24/2008
2.910 03/31/2008
2.910 03/31/2008
2.910
30,958.39
40,133.75
76,875.00
52,000.00
8,200,000.00
3,000,000.00
8,000.00
1,000,000.00
9,377,008.75
3,000,000.00
30,958.39
-----..------- - --------- ~---~-- ,------------ --..---------.----
39,397,420.96
4.960 03/11/2008 5,420.96 39,392,000.00
4.960 03/11/2008 608,000.00 40,000,000.00
4.180 03/31/2008 40,000,000.00
4.180 608,000.00 5,420.96 0.00 40,000,000.00
Total 9,985,008.75 3,005,420.96 30,958.39 62,863,239.60
--
---
~
Portfolio DINV
AP--
LP (PRF _LP) 7 n--
Report Ver. 7.1.1