University of North Texas Investment Portfolio Summary: For The Period Ending December 31, 2009 Page: 2 of 5
This report is part of the collection entitled: University Records and was provided to The Portal to Texas History by the UNT Libraries Special Collections.
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UNIVERSITY OF NORTH TEXAS
INVESTMENT PORTFOLIO SUMMARY
For The Period Ending 12/31/09
These reports are prepared in accordance with the Texas Public Funds Investment Act, Government Code 2256 These reports are in full compliance with the
Investment Policy and Strategy established for the University of North Texas and the Public Funds Investment Act
As of December 31, 2009 the University's portfolio had a book value of $437 5 million and a market value of $446 6 million Of this amount, $289 8 million was
held in local government investment pools, with $191 5 million in TexPool, $40 9 million in TexSTAR, and $57 4 million in Texas Term The Wells Fargo
Repurchase Sweep account held $10 3 million and the Wells Fargo Governmental Money Market held $39 4 million The remaining $98 0 million was invested
in US Treasury ($70 thousand), SBA's ($42 thousand), Corporate Bonds ($3 0 million), Taxable Municipals Bonds ($564 thousand), Commonfund ($16 3 million),
Certificate of Deposits ($6 0 million), and government agency securities ($72 1 million) The breakdown of the $72 1 million invested in government agencies is
as follows $10 1 million in Farm Credit notes, $33 7 million in Federal Home Loan Bank notes, $15 1 million in Freddie Mac notes, $10 1 million in Fannie Mae
notes and $3 1 million in Farmer Mac notes
As of December 31, 2009 the portfolio had a weighted average maturity of 363 days and a weighted average yield to maturity of4 23% excluding liquid funds
On an accrual basis the portfolio earned $420,824 during this month The tables below summarize the portfolio as of December 31, 2009
The University's portfolio average daily balance yield changed from 149% to 1 26%, a decrease of 23bps reflecting the now well rooted decline in general
interest rates Investment purchases made in prior months continue to benefit the portfolio Bond proceeds from the Series 2009A issue were invested in the
local government investment pools The decline in the rates reflects the decrease in the average daily balance yield
At the September 23rd meeting, the Federal Reserve indicated that the overnight fed funds rate was now expected to remain within its current 0% to 0 25%
range "and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period"
Short term U S T bills yield next to nothing as the three month T bill is less than 0 20% Yields on agency securities maturing in less than one year are now
well below 1% and ikelyto stay there for some time New investment purchases will be made at yields much lowerthan the existing portfolio At the same
time, pool yields will continue their decline Both of these factors will pull the portfolio yield down in 2010Total Portfolio Summary
Current Month Prior Month Change From
12/31/2009 11/30/2009 Prior
Book
aluBook $437,541,522 $296,051,087 $141,490,435
Value
Market
Vet $446,581,692 $305,256,348 $141,325,344
Market
102 07% 10311% 99 88%
Value %
Earned
Earned $420824 06 $361,800 10 $59023 96
IncomePortfolio Composition by Issuer Portfolio Composition by Maturity (In Millions)
Universityof North Texas Investment $3500
Portfolio December 31, 2009 30 0
(in millions)
Net unsue $250 0
Prr lurr/DI to l tithteot
1i 16 :7 IX2 0 0 0
u 4 in]u r II ipdl ,
I$00 0
$ IJ
Pool Less Lhan 90 Lo 180 181 tLo More
-',' .ll $574 90 Days Days 365 Days Tha n 365
DaysEndowment Performance Summary
Multi Strategy Multi Strategy
Equity Fund Bond Fund
12/31/2009 2 67% 0 74%
Fiscal YTD 9 70% 412%
Benchmarks 10 00% 126%
S&P 500 Index Barclays Capital U S
Aggregate Bond Index
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University of North Texas. University of North Texas Investment Portfolio Summary: For The Period Ending December 31, 2009, report, February 2010; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metadc463591/m1/2/?q=%222009%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.