HomeMy WebLinkAbout17 Attach 2 TVI BrokerPublic Funds Investments Information
Prepared For:
Truckee Donner PUD
Prepared by:
Harrison Stenberg
Institutional Investments
Time Value Investments
(206) 365 – 3000
Harrison.stenberg@timevalueinv.com
P U B L I C F U N D S I N V E S T M E N T S
2
TVI Background
P U B L I C F U N D S I N V E S T M E N T S•Over 400 public entities have
opened accounts and purchased
investments through TVI,
including over 70 in California.
•This includes:
•South Feather Water and
Power Agency
•City of Madera
•City of Loomis
•City of Nevada City
•Squaw Valley Public Service
District
3
TVI Background (cont.)P U B L I C F U N D S I N V E S T M E N T S•Offer comprehensive market access to typical, public funds investment products
•Over 40 Wall Street dealer inventories
•No pressure to sell one dealer’s product
•Regularly invited to teach classes on the topic of public funds investing
•Includes CMTA and CSMFO and other various conferences
•Monthly market update classes first Friday of every month “Behind the
Numbers”
•Platinum Investment Reporting available at any time
The LAIF rate follows the Federal Funds rate
very closely.P U B L I C F U N D S I N V E S T M E N T S4
0.00%
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
5.25%
5.50%
5.75%1/31/20075/31/20079/31/20071/31/20085/31/20089/31/20081/31/20095/31/20099/31/20091/31/20105/31/20109/31/20101/31/20115/31/20119/30/20111/31/20125/31/20129/30/20121/31/20135/31/20139/30/20131/31/20145/31/20149/30/20141/31/20155/31/20159/30/20151/31/20165/31/20169/30/20161/31/20175/31/20179/30/20171/31/20185/31/20189/30/20181/31/20195/31/20199/30/20191/30/20205/31/20209/30/20201/31/2021LAIF vs Fed Funds Rate
LAIF Rate Fed Funds Rate
5
Most recent LAIF Rate:P U B L I C F U N D S I N V E S T M E N T S
6
Fed Projections For the Federal Funds Rate:P U B L I C F U N D S I N V E S T M E N T S•Current Federal Funds Rate range is 0-
0.25%
•Consensus view among Fed members is
the Federal Funds Rate will remain
unchanged through the end of 2023
Currently Available U.S. Government Agency Bonds
P U B L I C F U N D S I N V E S T M E N T S7
Sample Investment Portfolio
P U B L I C F U N D S I N V E S T M E N T S8
9
TVI Fees
•No annual fees associated with purchasing investments through TVI
•TVI earns a commission “built into” each security TVI provides. The Board will
receive the quoted yield on every dollar invested.
•TVI can assist in setting up a Safekeeping account at U.S. Bank. US Bank is in
accordance with GFOA Best Practices for Delivery-versus-Payment Safekeeping.
U.S. Bank fees are as follows:
•$20 monthly maintenance
•$2/bond monthly fee
•$40 to settle each bond on DVP basis
P U B L I C F U N D S I N V E S T M E N T S
10
Delivery-Versus-Payment:P U B L I C F U N D S I N V E S T M E N T S
THANK YOU!
The information provided, while not guaranteed as to its
accuracy or completeness, has been obtained from sources
believed to be reliable. This is for informational purposes only.
Because of individual client requirements, it should not be
construed as advice designed to meet the particular needs of
any client. This information should not be used as the primary
basis of investment decisions. Contact your financial and tax
advisors before implementing any strategies outlined in this
material. Member SIPC and FINRA.
11P U B L I C F U N D S I N V E S T M E N T S