University of North Texas System Annual Financial Report: 2013 Page: 35
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UNAUDITED
UNIVERSITY OF NORTH TEXAS SYSTEM (794)
NOTES TO THE COMBINED FINANCIAL STATEMENTS
AUGUST 31, 2013
As of August 31, 2013, the fair values of investments are presented below.
Business-Type Activities Fair Value
U.S. Government -
U.S. Treasury Securities -
U.S. Treasury Strips -
U.S. Treasury TIPS -
U. S. Government Agency Obligations (Ginnie Mae, Fannie Mae, Freddie Mac, Sallie Mae, etc.) $ 2,007,552.13
U. S. Government Agency Obligations (Texas Treasury Safekeeping Trust Co.)-
Corporate Obligations -
Corporate Asset and Mortgage Backed Securities -
Equity -
Endowment Funds- collective -
International Obligations (Govt. and Corp.) -
International Equity ..
Repurchase Agreement 48,854,718.56
Repurchase Agreement (Texas Treasury Safekeeping Trust Co.) -
Domestic Mutual Funds 12,688,994..43
International Mutual Funds 7,987,328.95
Fixed Income Money Market and Bond Mutual Fund 56,043,579.80
Other Commingled Funds 53,709,243.87
Other Commingled Funds (Texpool) 18,396,591.20
Commercial Paper .
Securities Lending Collateral Investment Pool -
Real Estate 548,570.41
Externally Managed Investments-Domestic 123,049,553.18
Externally Managed Investments-Foreign 42,335,333.00
Misc. (limited partnerships, guaranteed investment contract, political subdivision,
bankers' acceptance, negotiable CD) 12,680,035.29
Total $ 378,301,500.82
Foreign currency risk for investments is the risk that changes in exchange rates will adversely affect the investment.
The exposure to foreign risk at August 31, 2013, was as follows:L Fund Type GAAP Fund Currency Balance
5 0001 US$ $42,335,333.00Credit risk is the risk that an issuer or counterparty to an investment will not fulfill its obligations. As of August 31,
2013, UNT System's credit quality distribution for securities with credit risk exposure was as follows:
Standard and Poor's
Fund GAAP Investment Type AAA AAAm AA A BBB BB B CCC Unrated
Type Fund __________ ______
$ $ $ $ $ $ $ $ $
U.S. Government Agency
5 0001 Obligations 2,007,552
Corporate Obligations
International Obligations
Repurchase Agreement 48,854,719
Fixed Income Money
Market and Bond Mutual
Fund 37,314,248 4,602,250 6,686,194 487,302 583,285 4,240,767 2,129,534
Externally Managed
Investments 165,384,886
Miscellaneous 657,000 384,357 280,696 852,603 10,505,379
In February of 2012 the. Board of Regents of the UNT System approved the creation of the UNT System Long
Term Investment Pool to create a standardized investment approach across the member campuses. Authority to
invest funds is granted to the Board of Regents as established in the Public Funds Investment act (Texas
Government Code, Chapter 2256) Section 51.0031 and rule 10.100 of the Rules of the Board of Regents of the35
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University of North Texas System. University of North Texas System Annual Financial Report: 2013, report, Autumn 2013; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth654674/m1/43/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.