(415) NT COMMITTEE ACTIVITY: SUMMARY: V. EXECUTIVE. accordance ANALYSIS: billion. transactions. Board meeting.
|
|
|
- Piers Horton
- 5 years ago
- Views:
Transcription
1 333 Bush Street San Francisco, CA (415) Date: July 15, 2016 TO: MEMBERS, INVESTMEN NT COMMITTEE I. AGENDA ITEM # AND TITLE : Open Agenda Item 3b - Consent Calendar: Approval of Investment Transactions II. III. IV. NAME AND PROGRAM: ACTIVITY: JUSTIFICATION: Treasury and Investments Informational Request for Direction Action Proposed Exploratory Standard/Requiredd Item Board Request New Item New Topic from Staff V. EXECUTIVE SUMMARY: In accordance with Sections 1200 and 1201 of the Californiaa Insurance Code, all investments made during April and May of 2016 (including securities purchased or sold, and investment loans) are presented to the Investment Committee for approval. VI. ANALYSIS: The investment transactions for the period of April 1, 2016 to May 31, 2016 are attached as Item 3b(i). In the fixed income portfolio, State Fund purchased 42 bonds totaling $410 million and sold 15 bonds for a total of $67.1 million. In the equity portfolio, $35.8 million were purchased and $41.9 million were sold due to rebalancing. Year-to-date through May 31, the total net gain from the entire portfolio was $29.4 million. The aggregate book adjustedd carrying value of all investments was approximately $19.6 billion. The current investments no longer in compliance with State Fund s Investment Policy are listed in the Compliance Report, Attachmentt 3b(ii). There are two out-of-compliance bonds. Thesee bonds complied with the Investment Policy and met certain minimum credit rating standards at the time of purchase. We request the Investment Committee s approval and ratification of these investment transactions. These reports are also attached as Item 6ci on the agenda of the Full Board meeting. VII. RECOMMEN NDATION: We recommend that the Investment Committee approve and ratify the investment transactions from April 1, 2016 to May 31, Investmentt Committee July 27, 2016 Open Agenda Item 3b Consent Calendar: Approval of Investment Transactions
2 Attachment 3b(i) page 1 INVESTMENTS TRANSACTIONS Two hundred ninety two transactions were consummated during the period from April 01 to May 31, BOND PURCHASES Trade Date Settle Date Current Units Description Coupon Maturity Yield Ratings Financial 04/06/ /13/2016 8,335, NEW YORK LIFE GLOBAL FUNDING /13/ Aaa AA+ AAA 04/15/ /22/2016 3,170, WELLS FARGO & CO /22/ A2 A AA- 04/18/ /21/2016 1,370, MORGAN STANLEY /21/ A3 BBB+ A 04/18/ /21/2016 1,390, MORGAN STANLEY /21/ A3 BBB+ A 04/20/ /25/2016 3,230, WELLS FARGO & CO /22/ A2 A AA- 04/26/ /02/2016 5,000, CITIGROUP INC /01/ Baa1 BBB+ A 04/27/ /27/2016 5,550, ALPHABET INC (Corporate Tender) /19/ Aa2 AA NA 05/04/ /11/2016 4,375, TRAVELERS COMPANIES INC /15/ A2 A A 05/10/ /13/2016 3,310, CITIZENS BANK NA /13/ Baa1 A- BBB+ 35,730, Item(s) Financial SCIF-NEAM 04/06/ /13/2016 4,500, BAYLOR SCOTT & WHITE HOLDINGS /15/ Aa3 NA NA 4,500, Item(s) Government 05/25/ /02/2016 5,000, BRITISH COLUMBIA, PROVINCE OF /02/ NA AAA NA 5,000, Item(s) Industrial 04/04/ /11/2016 3,540, BMW US CAPITAL LLC /11/ A2 A+ NA 05/03/ /12/2016 5,000, AT&T INC /17/ Baa1 BBB+ A- 05/09/ /12/2016 5,000, ABBVIE INC /14/ Baa2 A- NA 05/09/ /12/2016 5,750, ABBVIE INC /14/ Baa2 A- NA 05/09/ /12/2016 9,370, ABBVIE INC /14/ Baa2 A- NA 05/16/ /25/2016 5,000, CVS HEALTH CORP /01/ Baa1 BBB+ NA 05/16/ /18/2016 5,000, BOEING CO /15/ A2 A A 05/31/ /03/2016 7,000, NORFOLK SOUTHERN CORP /15/ NA BBB+ NA 45,660, Item(s) Industrial SCIF-NEAM 04/08/ /13/2016 7,950, JOHN DEERE CAPITAL CORP /06/ A2 A NA 04/14/ /19/ ,000, GENERAL ELECTRIC CO /09/ A1 AA+ NA 04/14/ /19/2016 5,000, GENERAL ELECTRIC CO /09/ A1 AA+ NA 04/14/ /19/2016 2,000, PRAXAIR INCPXyUSUS /15/ A2 A NA 04/25/ /28/2016 2,000, TRUSTEES UNION COLLEGE /01/ A1 NA NA 05/04/ /12/ ,000, MONTEFIORE MEDICAL CENTER /20/ Aaa AA+ NA 05/05/ /10/2016 4,250, ESTEE LAUDER COMPANIES INC /10/ A2 A+ NA 41,200, Item(s) Mortgage Backed 04/06/ /20/2016 9,900, FHMS K054 A /25/ Aaa AA+ AAA 05/11/ /31/ ,000, FN 16M05B A /25/ Aaa AA+ AAA 19,900, Item(s)
3 Attachment 3b(i) page 2 Mortgage Backed SCIF-NEAM 04/28/ /12/ ,600, FN AL /01/ Aaa AA+ AAA 04/28/ /12/2016 9,580, FN AL /01/ Aaa AA+ AAA 05/31/ /13/ ,901, FN MA /01/ Aaa AA+ AAA 05/31/ /13/ ,193, FN MA /01/ Aaa AA+ AAA 05/31/ /13/ ,019, FN AL /01/ Aaa AA+ AAA 05/31/ /13/ ,955, FN AS /01/ Aaa AA+ AAA 198,251, Item(s) Municipal 04/01/ /14/2016 2,000, HAWAII ST /01/ Aa2 AA AA 04/01/ /14/2016 5,000, HAWAII ST /01/ Aa2 AA AA 7,000, Item(s) Municipal SCIF-NEAM 04/13/ /18/2016 7,500, PALOMAR CALIF CMNTY COLLEGE DIST /01/ Aa2 AA- NA 05/16/ /19/ ,000, PORT AUTH N Y & N J /01/ Aa3 AA- AA- 05/25/ /09/ ,500, VIRGINIA ST HSG DEV AUTH COMWLTH MT /25/ Aaa AAA NA 30,000, Item(s) Utility 05/09/ /16/ ,000, CHEVRON CORP /16/ Aa2 AA- NA 05/10/ /13/2016 7,000, ENTERGY MISSISSIPPI INC /01/ A3 A- NA 05/16/ /19/2016 5,835, SAN DIEGO GAS & ELECTRIC CO /15/ Aa2 NA AA- 22,835, Item(s) Total Bond Purchases: DEUTSCHE 136,125, Item(s) Total Bond Purchases: NEAM 273,951, Item(s) Grand Total Total Bond Purchases: 410,076, Item(s) BOND SALES Trade Date Settle Date Current Units Description Coupon Maturity Yield Ratings Financial 04/06/ /11/2016 (8,300,000.00) NEW YORK LIFE GLOBAL FUNDI /15/ Aaa AA+ AAA 04/15/ /20/2016 (3,000,000.00) WELLS FARGO & CO /22/ A2 A AA- 04/18/ /21/2016 (1,370,000.00) MORGAN STANLEY /21/ A3 BBB+ A 04/20/ /25/2016 (3,400,000.00) WELLS FARGO & CO /22/ A2 A AA- (16,070,000.00) 4 Item(s) Industrial 04/27/ /27/2016 (5,550,000.00) GOOGLE INC (Corporate Tender) /19/ Aa2 AA NA 05/03/ /06/2016 (5,000,000.00) AT&T INC /15/ Baa1 BBB+ A- 05/04/ /09/2016 (1,000,000.00) AT&T INC /15/ Baa1 BBB+ A- (11,550,000.00) 3 Item(s) Industrial SCIF-NEAM 04/20/ /25/2016 (2,000,000.00) WALT DISNEY CO /13/ A2 A A 04/21/ /26/2016 (2,750,000.00) WALT DISNEY CO /13/ A2 A A 05/06/ /11/2016 (3,000,000.00) STRYKER CORP /15/ Baa1 A NA 05/09/ /12/2016 (5,000,000.00) COX COMMUNICATIONS INC /01/ Baa2 BBB BBB+ 05/09/ /12/2016 (1,750,000.00) COX COMMUNICATIONS INC /01/ Baa2 BBB BBB+ 05/17/ /20/2016 (5,000,000.00) E I DU PONT DE NEMOURS AND /15/ A3 A- A (19,500,000.00) 6 Item(s)
4 Attachment 3b(i) page 3 Utility SCIF-NEAM 05/10/ /13/2016 (5,000,000.00) GEORGIA POWER CO /15/ A3 A- A+ 05/12/ /17/2016 (15,000,000.00) GEORGIA POWER CO /15/ A3 A- A+ (20,000,000.00) 2 Item(s) Total Bond Sales DEUTSCHE: (27,620,000.00) Total Bond Sales NEAM: (39,500,000.00) Grand Total Bond Sales: (67,120,000.00) 7 Item(s) 8 Item(s) 15 Item(s) EQUITY PURCHASES Trade Settle Principal Description Yield Ratings SCIF-REIT SCIF-REIT 04/01/ /01/ , RREEF America REIT II, Inc N/A N/A N/A 234, Item(s) Aerospace/Defense 04/06/ /11/ , GENERAL DYNAMICS ORD N/A A+ A 04/06/ /11/ , GENERAL DYNAMICS ORD N/A A+ A 04/06/ /11/ , GENERAL DYNAMICS ORD N/A A+ A 04/06/ /11/ , GENERAL DYNAMICS ORD N/A A+ A 04/06/ /11/ , GENERAL DYNAMICS ORD N/A A+ A 04/07/ /12/ , GENERAL DYNAMICS ORD N/A A+ A 340, Item(s) Apparel 04/06/ /11/ , NIKE CL B ORD N/A AA- N/A 04/06/ /11/ , VF ORD N/A A N/A 04/07/ /12/2016 4, NIKE CL B ORD N/A AA- N/A 04/07/ /12/ , VF ORD N/A A N/A 05/02/ /05/ , NIKE CL B ORD N/A AA- N/A 05/02/ /05/ , NIKE CL B ORD N/A AA- N/A 05/02/ /05/ , VF ORD N/A A N/A 05/03/ /06/ , NIKE CL B ORD N/A AA- N/A 2,421, Item(s) Banks 04/04/ /07/ , BANK OF AMERICA ORD Baa1 BBB+ A 04/27/ /02/2016 1,205, BANK OF AMERICA ORD Baa1 BBB+ A 04/28/ /03/2016 1,202, BANK OF AMERICA ORD Baa1 BBB+ A 2,805, Item(s) Banks 04/06/ /11/ , PNC FINANCIAL SERVICES GROUP ORD A3 A- A+ 04/06/ /11/ , WELLS FARGO ORD A2 A AA- 04/07/ /12/ , PNC FINANCIAL SERVICES GROUP ORD A3 A- A+ 1,401, Item(s) 3.000
5 Attachment 3b(i) page 4 Beverages 04/06/ /11/ , PEPSICO ORD N/A A A 04/06/ /11/ , PEPSICO ORD N/A A A 04/06/ /11/ , PEPSICO ORD N/A A A 04/07/ /12/ , PEPSICO ORD N/A A A 04/07/ /12/ , PEPSICO ORD N/A A A 04/07/ /12/ , PEPSICO ORD N/A A A 04/07/ /12/ , PEPSICO ORD N/A A A 04/07/ /12/ , PEPSICO ORD N/A A A 04/08/ /13/ , PEPSICO ORD N/A A A 04/08/ /13/ , PEPSICO ORD N/A A A 04/08/ /13/ , PEPSICO ORD N/A A A 04/08/ /13/ , PEPSICO ORD N/A A A 04/11/ /14/2016 1,097, PEPSICO ORD N/A A A 05/02/ /05/ , COCA-COLA ORD N/A AA- A+ 5,669, Item(s) Commercial Services 04/06/ /11/ , PROCTER & GAMBLE ORD Aa3 AA- N/A 05/02/ /05/ , PROCTER & GAMBLE ORD Aa3 AA- N/A 05/02/ /05/ , AUTOMATIC DATA PROCESSING ORD Aa3 AA N/A 05/02/ /05/ , AUTOMATIC DATA PROCESSING ORD Aa3 AA N/A 650, Item(s) Diversified Finan Serv 05/19/ /24/ , CME GROUP CL A ORD #N/A N/A AA- #N/A N/A 999, Item(s) Electric 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 05/25/ /31/ , PUBLIC SERVICE ENTERPRISE GROUP ORD N/A BBB+ BBB+ 472, Item(s) Food 04/13/ /18/ , MONDELEZ INTERNATIONAL CL A ORD Baa1 BBB BBB 396, Item(s) Healthcare-Services 04/22/ /27/ , ANTHEM ORD N/A A *- BBB+ *- 04/22/ /27/ , AETNA ORD N/A A- A *- 05/02/ /05/ , ANTHEM ORD N/A A *- BBB+ *- 05/11/ /16/ , ANTHEM ORD N/A A *- BBB+ *- 05/12/ /17/ , ANTHEM ORD N/A A *- BBB+ *- 05/13/ /18/ , ANTHEM ORD N/A A *- BBB+ *- 839, Item(s) Insurance 04/22/ /27/ , ALLSTATE ORD N/A A- A- 04/25/ /28/ , ALLSTATE ORD N/A A- A- 05/25/ /31/ , MARSH & MCLENNAN ORD N/A A- A- 05/25/ /31/ , MARSH & MCLENNAN ORD N/A A- A- 05/26/ /01/ , MARSH & MCLENNAN ORD N/A A- A- 05/26/ /01/ , MARSH & MCLENNAN ORD N/A A- A- 05/27/ /02/2016 5, MARSH & MCLENNAN ORD N/A A- A- 05/27/ /02/ , MARSH & MCLENNAN ORD N/A A- A- 05/31/ /03/ , MARSH & MCLENNAN ORD N/A A- A- 869, Item(s) 9.000
6 Attachment 3b(i) page 5 Media 04/06/ /11/ , WALT DISNEY ORD #N/A N/A A A 171, Item(s) Oil&Gas 04/04/ /07/ , OCCIDENTAL PETROLEUM ORD A3 A A 05/25/ /31/ , SUNCOR ENERGY ORD N/A A- N/A 05/25/ /31/ , SUNCOR ENERGY ORD N/A A- N/A 05/25/ /31/ , SUNCOR ENERGY ORD N/A A- N/A 05/26/ /01/2016 1,027, HALLIBURTON ORD N/A A- *- A- 05/26/ /01/ , SUNCOR ENERGY ORD N/A A- N/A 05/26/ /01/ , SUNCOR ENERGY ORD N/A A- N/A 05/27/ /02/ , SUNCOR ENERGY ORD N/A A- N/A 05/27/ /02/ , SUNCOR ENERGY ORD N/A A- N/A 05/27/ /02/ , SUNCOR ENERGY ORD N/A A- N/A 05/31/ /03/ , SUNCOR ENERGY ORD N/A A- N/A 05/31/ /03/ , SUNCOR ENERGY ORD N/A A- N/A 3,228, Item(s) Oil&Gas 04/06/ /11/ , EXXON MOBIL ORD Aaa AA+ WD 98, Item(s) Pharmaceuticals 04/13/ /18/ , PFIZER ORD A1 AA A+ 05/11/ /16/ , PFIZER ORD A1 AA A+ 796, Item(s) REITS 05/02/ /05/ , PUBLIC STORAGE REIT N/A A WD 05/03/ /06/ , PUBLIC STORAGE REIT N/A A WD 642, Item(s) Retail 04/13/ /18/ , KROGER ORD N/A BBB BBB 04/14/ /19/ , KROGER ORD N/A BBB BBB 398, Item(s) Retail 04/06/ /11/ , CARDINAL HEALTH ORD N/A A- BBB+ 04/06/ /11/ , MCKESSON ORD N/A BBB+ BBB+ 04/07/ /12/ , CARDINAL HEALTH ORD N/A A- BBB+ 04/07/ /12/ , CARDINAL HEALTH ORD N/A A- BBB+ 04/07/ /12/ , MCKESSON ORD N/A BBB+ BBB+ 04/07/ /12/ , MCKESSON ORD N/A BBB+ BBB+ 04/08/ /13/ , MCKESSON ORD N/A BBB+ BBB+ 04/11/ /14/ , MCKESSON ORD N/A BBB+ BBB+ 04/12/ /15/ , MCKESSON ORD N/A BBB+ BBB+ 04/12/ /15/ , MCKESSON ORD N/A BBB+ BBB+ 04/13/ /18/ , MCKESSON ORD N/A BBB+ BBB+ 04/13/ /18/ , MCKESSON ORD N/A BBB+ BBB+ 04/14/ /19/ , MCKESSON ORD N/A BBB+ BBB+ 04/15/ /20/ , MCKESSON ORD N/A BBB+ BBB+ 04/18/ /21/ , MCKESSON ORD N/A BBB+ BBB+ 04/19/ /22/ , MCKESSON ORD N/A BBB+ BBB+ 04/20/ /25/ , MCKESSON ORD N/A BBB+ BBB+ 04/21/ /26/ , MCKESSON ORD N/A BBB+ BBB+ 04/22/ /27/ , MCKESSON ORD N/A BBB+ BBB+ 04/25/ /28/ , MCKESSON ORD N/A BBB+ BBB+ 04/26/ /29/ , MCKESSON ORD N/A BBB+ BBB+ 04/27/ /02/ , MCKESSON ORD N/A BBB+ BBB+ 04/28/ /03/ , MCKESSON ORD N/A BBB+ BBB+ 04/29/ /04/ , MCKESSON ORD N/A BBB+ BBB+
7 Attachment 3b(i) page 6 05/02/ /05/ , TJX ORD N/A A+ N/A 05/02/ /05/ , CARDINAL HEALTH ORD N/A A- BBB+ 05/02/ /05/ , CVS HEALTH ORD N/A BBB+ WD 05/02/ /05/ , WALGREEN BOOTS ALLIANCE ORD N/A BBB BBB 05/02/ /05/ , COSTCO WHOLESALE ORD N/A A+ A+ 05/02/ /05/ , COSTCO WHOLESALE ORD N/A A+ A+ 05/02/ /05/ , COSTCO WHOLESALE ORD N/A A+ A+ 05/03/ /06/2016 5, TJX ORD N/A A+ N/A 05/03/ /06/ , CVS HEALTH ORD N/A BBB+ WD 05/03/ /06/ , WALGREEN BOOTS ALLIANCE ORD N/A BBB BBB 05/03/ /06/ , COSTCO WHOLESALE ORD N/A A+ A+ 8,734, Item(s) Semiconductors 04/04/ /07/ , INTEL ORD N/A A+ A+ 396, Item(s) Software 04/13/ /18/ , ORACLE ORD N/A AA- A+ 05/19/ /24/ , MICROSOFT ORD Aaa *- AAA AA+ *- 1,392, Item(s) Software 05/02/ /05/ , ORACLE ORD N/A AA- A+ 05/02/ /05/2016 1,492, MICROSOFT ORD Aaa *- AAA AA+ *- 1,662, Item(s) Telecommunications 04/04/ /07/ , VERIZON COMMUNICATIONS ORD Baa1 BBB+ A- 594, Item(s) Transportation 04/06/ /11/ , UNION PACIFIC ORD A3 A N/A 04/07/ /12/ , UNION PACIFIC ORD A3 A N/A 05/02/ /05/ , UNION PACIFIC ORD A3 A N/A 570, Item(s) Total Purchases SCIF-REIT: 234, Item Total Purchases Blackrock Investment Mgt: 13,191, Item(s) Total Purchases Wellington Management: 22,363, Item(s) Total Purchases EQUITY PURCHASES: 35,789, Item(s)
8 Attachment 3b(i) page 7 EQUITY SALES Trade Date Settle Date Principal Description Yield Ratings Aerospace/Defense 05/16/ /19/2016 (193,846.50) NORTHROP GRUMMAN ORD N/A BBB+ BBB+ 05/16/ /19/2016 (262,122.70) RAYTHEON ORD N/A A A- 05/16/ /19/2016 (73,263.74) RAYTHEON ORD N/A A A- 05/16/ /19/2016 (192,947.79) LOCKHEED MARTIN ORD Baa1 BBB+ BBB+ 05/17/ /20/2016 (266,001.05) RAYTHEON ORD N/A A A- 05/19/ /24/2016 (189,746.10) NORTHROP GRUMMAN ORD N/A BBB+ BBB+ 05/19/ /24/2016 (144,539.37) RAYTHEON ORD N/A A A- 05/19/ /24/2016 (190,836.95) LOCKHEED MARTIN ORD Baa1 BBB+ BBB+ 05/20/ /25/2016 (200,318.29) RAYTHEON ORD N/A A A- 05/23/ /26/2016 (249,517.89) RAYTHEON ORD N/A A A- (1,963,140.38) 10 Item(s) Aerospace/Defense 04/06/ /11/2016 (354,760.56) NORTHROP GRUMMAN ORD N/A BBB+ BBB+ 04/06/ /11/2016 (660,922.80) UNITED TECHNOLOGIES ORD A3 A- A- 04/06/ /11/2016 (906,331.13) UNITED TECHNOLOGIES ORD A3 A- A- 04/06/ /11/2016 (273,463.38) LOCKHEED MARTIN ORD Baa1 BBB+ BBB+ 05/02/ /05/2016 (562,700.29) GENERAL DYNAMICS ORD N/A A+ A 05/02/ /05/2016 (140,545.31) NORTHROP GRUMMAN ORD N/A BBB+ BBB+ 05/02/ /05/2016 (281,821.47) UNITED TECHNOLOGIES ORD A3 A- A- 05/02/ /05/2016 (416,317.89) LOCKHEED MARTIN ORD Baa1 BBB+ BBB+ 05/03/ /06/2016 (265,962.23) UNITED TECHNOLOGIES ORD A3 A- A- 05/03/ /06/2016 (41,211.50) UNITED TECHNOLOGIES ORD A3 A- A- 05/03/ /06/2016 (123,005.23) UNITED TECHNOLOGIES ORD A3 A- A- 05/04/ /09/2016 (392,323.25) UNITED TECHNOLOGIES ORD A3 A- A- 05/04/ /09/2016 (70,417.76) UNITED TECHNOLOGIES ORD A3 A- A- 05/05/ /10/2016 (50,118.20) UNITED TECHNOLOGIES ORD A3 A- A- 05/05/ /10/2016 (291,188.44) UNITED TECHNOLOGIES ORD A3 A- A- 05/06/ /11/2016 (235,651.93) UNITED TECHNOLOGIES ORD A3 A- A- (5,066,741.37) 16 Item(s) Banks 04/27/ /02/2016 (423,625.83) CITIGROUP ORD N/A BBB+ A 04/28/ /03/2016 (1,438,877.78) CITIGROUP ORD N/A BBB+ A 04/29/ /04/2016 (250,144.12) CITIGROUP ORD N/A BBB+ A (2,112,647.73) 3 Item(s) Banks 05/02/ /05/2016 (615,887.17) PNC FINANCIAL SERVICES GROUP O A3 A- A+ 05/02/ /05/2016 (624,237.31) WELLS FARGO ORD A2 A AA- 05/03/ /06/2016 (23,046.50) PNC FINANCIAL SERVICES GROUP O A3 A- A+ (1,263,170.98) 3 Item(s) Beverages 04/13/ /18/2016 (391,549.91) COCA-COLA ORD N/A AA- A+ (391,549.91) 1 Item(s)
9 Attachment 3b(i) page 8 Beverages 04/06/ /11/2016 (591,443.63) COCA-COLA ORD N/A AA- A+ 05/02/ /05/2016 (38,244.65) PEPSICO ORD N/A A A (629,688.28) 2 Item(s) Chemicals 04/06/ /11/2016 (341,018.85) ECOLAB ORD N/A A- N/A 04/06/ /11/2016 (234,313.83) PRAXAIR ORD N/A A N/A 05/02/ /05/2016 (194,719.03) ECOLAB ORD N/A A- N/A 05/02/ /05/2016 (140,847.16) PRAXAIR ORD N/A A N/A 05/03/ /06/2016 (241,320.85) PRAXAIR ORD N/A A N/A 05/04/ /09/2016 (57,189.60) PRAXAIR ORD N/A A N/A 05/04/ /09/2016 (182,546.89) PRAXAIR ORD N/A A N/A 05/04/ /09/2016 (56,964.75) PRAXAIR ORD N/A A N/A 05/05/ /10/2016 (181,841.95) PRAXAIR ORD N/A A N/A 05/05/ /10/2016 (90,766.02) PRAXAIR ORD N/A A N/A 05/06/ /11/2016 (182,628.65) PRAXAIR ORD N/A A N/A 05/09/ /12/2016 (158,317.22) PRAXAIR ORD N/A A N/A 05/10/ /13/2016 (239,166.30) PRAXAIR ORD N/A A N/A 05/10/ /13/2016 (56,998.75) PRAXAIR ORD N/A A N/A 05/11/ /16/2016 (239,982.09) PRAXAIR ORD N/A A N/A (2,598,621.94) 15 Item(s) Commercial Services 04/13/ /18/2016 (394,658.43) PROCTER & GAMBLE ORD Aa3 AA- N/A (394,658.43) 1 Item(s) Commercial Services 04/06/ /11/2016 (388,275.39) AUTOMATIC DATA PROCESSING OR Aa3 AA N/A 04/06/ /11/2016 (457,177.73) COLGATE PALMOLIVE ORD N/A AA- AA- 05/02/ /05/2016 (109,292.77) COLGATE PALMOLIVE ORD N/A AA- AA- (954,745.89) 3 Item(s) Diversified Finan Serv 04/06/ /11/2016 (147,210.60) AMERICAN EXPRESS ORD A3 BBB+ A 04/06/ /11/2016 (227,286.79) BLACKROCK ORD A1 AA- N/A 05/02/ /05/2016 (593,615.64) AMERICAN EXPRESS ORD A3 BBB+ A 05/02/ /05/2016 (599,264.57) BLACKROCK ORD A1 AA- N/A 05/03/ /06/2016 (201,426.43) AMERICAN EXPRESS ORD A3 BBB+ A (1,768,804.03) 5 Item(s) Electric 04/04/ /07/2016 (299,691.69) NEXTERA ENERGY ORD Baa1 A- A- 04/04/ /07/2016 (295,842.84) EXELON ORD Baa2 BBB BBB (595,534.53) 2 Item(s) Healthcare-Services 04/06/ /11/2016 (409,432.67) UNITEDHEALTH GRP ORD A3 A+ A 05/02/ /05/2016 (467,103.51) UNITEDHEALTH GRP ORD A3 A+ A (876,536.18) 2 Item(s)
10 Attachment 3b(i) page 9 Insurance 04/06/ /11/2016 (225,628.77) MARSH & MCLENNAN ORD N/A A- A- 05/02/ /05/2016 (710,097.75) MARSH & MCLENNAN ORD N/A A- A- (935,726.52) 2 Item(s) Media 05/02/ /05/2016 (424,102.27) WALT DISNEY ORD N/A A A (424,102.27) 1 Item(s) Miscellaneous Manufactur 04/06/ /11/2016 (234,935.63) HONEYWELL INTERNATIONAL ORD A2 A A 05/02/ /05/2016 (300,890.64) HONEYWELL INTERNATIONAL ORD A2 A A (535,826.27) 2 Item(s) Oil&Gas 05/25/ /31/2016 (66,106.00) PIONEER NATURAL RESOURCE OR Baa3 BBB- BBB- 05/25/ /31/2016 (89,772.11) PIONEER NATURAL RESOURCE OR Baa3 BBB- BBB- (155,878.11) 2 Item(s) Oil&Gas 05/02/ /05/2016 (633,234.29) EXXON MOBIL ORD Aaa AA+ WD (633,234.29) 1 Item(s) Pharmaceuticals 04/13/ /18/2016 (201,261.41) BRISTOL MYERS SQUIBB ORD N/A A+ A- 04/13/ /18/2016 (194,811.58) ABBVIE ORD Baa2 A- N/A 04/22/ /27/2016 (395,498.72) JOHNSON & JOHNSON ORD Aaa AAA AAA 04/28/ /03/2016 (1,003,084.11) ABBVIE ORD Baa2 A- N/A 05/11/ /16/2016 (265,341.81) ABBVIE ORD Baa2 A- N/A 05/11/ /16/2016 (163,068.54) ABBVIE ORD Baa2 A- N/A 05/11/ /16/2016 (184,007.94) ABBVIE ORD Baa2 A- N/A 05/12/ /17/2016 (300,595.21) ABBVIE ORD Baa2 A- N/A 05/13/ /18/2016 (101,080.59) ABBVIE ORD Baa2 A- N/A 05/25/ /31/2016 (80,395.55) BRISTOL MYERS SQUIBB ORD N/A A+ A- 05/25/ /31/2016 (147,921.22) BRISTOL MYERS SQUIBB ORD N/A A+ A- 05/25/ /31/2016 (169,415.53) BRISTOL MYERS SQUIBB ORD N/A A+ A- 05/26/ /01/2016 (173,113.34) BRISTOL MYERS SQUIBB ORD N/A A+ A- 05/31/ /02/2016 (145,538.10) BRISTOL MYERS SQUIBB ORD N/A A+ A- (3,525,133.65) 14 Item(s) Pharmaceuticals 04/06/ /11/2016 (162,381.26) JOHNSON & JOHNSON ORD Aaa AAA AAA 04/06/ /11/2016 (389,834.66) MERCK & CO ORD WR AA A 04/06/ /11/2016 (312,304.13) AMGEN ORD N/A A BBB 05/02/ /05/2016 (429,190.06) JOHNSON & JOHNSON ORD Aaa AAA AAA 05/02/ /05/2016 (162,536.58) MERCK & CO ORD WR AA A 05/02/ /05/2016 (420,724.35) AMGEN ORD N/A A BBB (1,876,971.04) 6 Item(s) REITS 04/06/ /11/2016 (227,557.00) PUBLIC STORAGE REIT N/A A WD (227,557.00) 1 Item(s)
11 Attachment 3b(i) page 10 Retail 04/13/ /18/2016 (190,204.10) MCDONALD'S ORD WR BBB+ BBB+ 04/13/ /18/2016 (388,176.54) HOME DEPOT ORD N/A A A 05/11/ /16/2016 (2,453,527.59) GAP ORD WR BB+ BB+ (3,031,908.23) 3 Item(s) Retail 04/06/ /11/2016 (844,714.14) TJX ORD N/A A+ N/A 04/06/ /11/2016 (2,326,303.23) MCDONALD'S ORD WR BBB+ BBB+ 04/06/ /11/2016 (651,738.60) LOWE'S COMPANIES ORD N/A A- WD 04/06/ /11/2016 (258,981.30) CVS HEALTH ORD N/A BBB+ WD 04/06/ /11/2016 (339,953.52) WALGREEN BOOTS ALLIANCE ORD N/A BBB BBB 04/06/ /11/2016 (344,357.04) COSTCO WHOLESALE ORD N/A A+ A+ 04/07/ /12/2016 (708,196.59) TJX ORD N/A A+ N/A 04/07/ /12/2016 (23,036.49) TJX ORD N/A A+ N/A 05/02/ /05/2016 (1,328,093.80) MCDONALD'S ORD WR BBB+ BBB+ 05/02/ /05/2016 (40,956.29) LOWE'S COMPANIES ORD N/A A- WD 05/02/ /05/2016 (427,435.67) MCKESSON ORD N/A BBB+ BBB+ 05/10/ /13/2016 (107,981.74) TJX ORD N/A A+ N/A 05/10/ /13/2016 (300,117.95) TJX ORD N/A A+ N/A 05/11/ /16/2016 (179,170.01) TJX ORD N/A A+ N/A 05/12/ /17/2016 (296,998.72) TJX ORD N/A A+ N/A 05/13/ /18/2016 (73,360.79) TJX ORD N/A A+ N/A 05/16/ /19/2016 (297,591.90) TJX ORD N/A A+ N/A 05/16/ /19/2016 (26,163.08) TJX ORD N/A A+ N/A (8,575,150.86) 18 Item(s) Software 04/06/ /11/2016 (562,461.12) ORACLE ORD N/A AA- A+ 04/06/ /11/2016 (613,730.27) MICROSOFT ORD Aaa *- AAA AA+ *- (1,176,191.39) 2 Item(s) Transportation 04/06/ /11/2016 (284,580.42) UNITED PARCEL SERVICE CL B ORD N/A A+ N/A 04/06/ /11/2016 (390,644.77) CANADIAN NATIONAL RAILWAY ORD A2 A N/A 05/02/ /05/2016 (712,575.50) UNITED PARCEL SERVICE CL B ORD N/A A+ N/A 05/03/ /06/2016 (278,605.81) UNITED PARCEL SERVICE CL B ORD N/A A+ N/A (1,666,406.50) 4 Item(s) Water 05/25/ /31/2016 (110,975.83) AMERICAN WATER WORKS ORD Baa1 A N/A 05/26/ /01/2016 (116,269.47) AMERICAN WATER WORKS ORD Baa1 A N/A 05/27/ /02/2016 (137,052.22) AMERICAN WATER WORKS ORD Baa1 A N/A 05/31/ /03/2016 (137,511.38) AMERICAN WATER WORKS ORD Baa1 A N/A (501,808.90) 4 Item(s) Total Sales Blackrock Investment Mgt: (12,672,259.87) 40 Item(s) Total Sales Wellington Management: (29,209,474.81) 83 Item(s) Total Sales EQUITY SALES: (41,881,734.68) 123 Item(s) MOTION: To approve and ratify the transactions described on this list.
12 Attachment 3b(ii) page 1 COMPLIANCE REPORT As of May 31, 2016 The following is a list of securities currently not in compliance with State Fund s Investment Policy. State Fund s Investment Policy is reviewed annually by the Investment Committee and approved by the Board of Directors. Footnotes Description Current Maturity Coupon Book Rating Port. Face Date Rate Yield Mngr. Long-term Investments Canadian Issuer Rated Below AA- 1 Province of New Brunswick 85,000,000 02/21/ % 4.58% Aa2/A+/NA Total: Canadian Rated Below AA- 85,000,000 1 item(s) Deutsche /NEAM Bonds Not Rated 1, 2 Oregon State 9,746,552 06/01/ % 4.60% NA/NR/WR Deutsche Total: Bonds Not Rated 9,746,552 1 item(s) Grand Total: 94,746,552 2 item(s) (1) This bond rated below AA- was in compliance with our investment guidelines at the time of purchase. (2) Oregon State bond was initially rated AAA based on the financial strength of insurance enhancement, but subsequently the ratings were withdrawn. We own other Oregon State bonds in the portfolio and the underlying ratings for all the State of Oregon bonds are Aa1/AA+. State Fund filed and received an NAIC 1 designation from SVO for this bond on 02/27/2015. MOTION: To approve and ratify the transactions described on this list. Open Agenda Item 3bii Consent Calendar: Approval of Investment Transactions (Compliance)
Equity Opportunity Trust, Blue Chip Series 2003B
Dear Valued Client: This annual statement contains important information about your investment. The UBS Unit Trust thanks you for making this Blue Chip Trust a part of your financial plan. If you have
The Merits of Diversification in Portfolio Management
The Merits of Diversification in Portfolio Management December 7, 2015 Hunter Meisenheimer, CFA Senior Vice President (901) 579-4578 Hunter.meisenheimer@raymondjames.com Intended for Institutional Clients
The Merits of Diversification in Portfolio Management
The Merits of Diversification in Portfolio Management April 14, 2016 Ellis Phifer, CFA, CMT Managing Director (901) 579-4831 Ellis.Phifer@raymondjames.com Intended for Institutional Clients Only See Page
The World s Most Valuable Brand Portfolios Revealed
The World s Most Valuable Brand s Revealed Despite only having one brand featured in the study, Apple Inc. holds the top spot Nestlé Sa s portfolio has the most number of brands, valued at US$66.6 billion,
Prudential Equity Group, LLC
Prudential Equity Group, LLC Dr. Ed s Economics Network CHART GROUP: S&P Industries Momentum, Weekly (Source: Standard & Poor s Corporation) Copyright 24 Prudential Equity Group, LLC. All rights reserved.
Household Wealth: Panel Study of Income Dynamics (Thousands of 1999 dollars)
Household Wealth: Panel Study of Income Dynamics (Thousands of 1999 dollars) Business 26.6 0.0 12.2% 217.8 62.5 30.9 0.0 13.4% 230.9 53.8 Checking / Savings 19.5 3.2 80.8% 24.2 6.4 23.9 3.4 81.2% 29.4
Vancouver Real Estate Forum
Vancouver Real Estate Forum MODERATOR John O Bryan Chairman CBRE Limited PANELIST Chris Dobrzanski, CEO, Citizens Bank David Franklin, President, CMLS Financial Ltd. Morley Greene, President, Trez Capital
LOBBYISTS LISTED BY RECEIPTS RANKING
CALENDAR YEAR 1998 S LISTED BY RANKING DATE 2/16/99 NJ CABLE TELECOMMUNICATIONS ASSN 822,464.00 2/10/99 CHEMICAL INDUSTRY COUNCIL OF NJ 152,451.30 2/16/99 NJ CHAPTER NATIONAL SOLID WASTE MANAGEMENT NSWMA
Muhlenkamp & Company. Webinar December 1, Ron Muhlenkamp, Portfolio Manager Jeff Muhlenkamp, Portfolio Manager Tony Muhlenkamp, President
Muhlenkamp & Company Webinar December 1, 2016 Ron Muhlenkamp, Portfolio Manager Jeff Muhlenkamp, Portfolio Manager Tony Muhlenkamp, President Muhlenkamp & Company, Inc. Intelligent Investment Management
The Current Restructuring Cycle: Meltdown or Metamorphosis? Monday, April 27, :00 PM - 5:15 PM
The Current Restructuring Cycle: Meltdown or Metamorphosis? Monday, April 27, 29 4: PM - 5:15 PM Today s Speakers: Michael Henkin (Moderator) Managing Director and Co-Head of Recapitalization & Restructuring
Washington Public Ports Association
May 17, 2017 Washington Public Ports Association Underwriting Process Lindsay Sovde MANAGING DIRECTOR Tel: +1 206-628-2875 Email: lindsay.a.sovde@pjc.com MINNEAPOLIS BOISE CHICAGO LONDON LOS ANGELES NEW
STATE OF TEXAS LEASED OFFICE
STATE OF TEXAS LEASED OFFICE 2124 ALPINE ROAD LONGVIEW, TX 75601 Wes Hallmark, CCIM, SIOR Senior Investment Advisor 806.797.2190 x202 hallmarkw@svn.com SVN HALLMARK & ASSOCIATES 8008 SLIDE RD., #1, LUBBOCK,
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with
OWN THE NIGHT! OWN THE NIGHT IN THE TOP NASCAR MARKETS!
- The Turn-Key Advertising & PR Platform that Guarantees Maximum Impact in All Race Markets - Your Brand Becomes the GO-TO-SOURCE for What s Hot in Each Race City - Every year, 75 million NASCAR fans spend
Xcel Energy (Baa3/BBB-)
January 28, 2004 Fixed Income Research Recommendation: Market Perform Credit Trend: Improving Jacob P. Mercer, CFA Senior Research Analyst 612-303-1609 jacob.p.mercer@pjc.com Mark D. Churchill Associate
Evidence That You Can Get Rich Through Stock Investing
Evidence That You Can Get Rich Through Stock Investing By Shawn Allen, CFA, CMA, MBA, P.Eng. President, InvestorsFriend Inc. Growth of $1000 Return 10 years 20 years 30 years 40 years 50 years -2.0% 817
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
Suncorp WealthSmart Investment Options Performance Report
Suncorp WealthSmart Personal Super as at 31 December 2015 Suncorp WealthSmart Investment Options Performance Report Initial Cash Flow FYTD 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Global growth forecasts Key countries/regions,
Global growth forecasts Key countries/regions, 2014-2018 Percent 7 6 5 4 3 2 1 0 Developing Asia Sub-Saharan Africa Middle East and North Africa Latin America and the Caribbean United States Euro area
Franklin Mutual Quest Fund
Franklin Mutual Quest Fund March 31, 2018 Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and
Brookfield Asset Management O AK T R E E ACQUISITION M A R C H 1 3,
Brookfield Asset Management O AK T R E E ACQUISITION M A R C H 1 3, 2 0 19 Transaction Summary On March 13, 2019, Brookfield Asset Management ( BAM ) and Oaktree Capital Group ( OAK ) announced an agreement
ECONOMIC CALENDAR 2010
J.P. Morgan ECONOMIC CALENDAR 2010 Release dates for US economic indicators and Treasury auctions J.P. Morgan ECONOMIC CALENDAR 2010 Release dates for US economic indicators and Treasury auctions This
YOUR GUIDE TO HOW WE RISK RATE OUR FUNDS
For Athora Ireland customers YOUR GUIDE TO HOW WE RISK RATE OUR FUNDS We re introducing a new approach to how we risk rate funds. The use of our new risk rating methodology in all our funds will begin
The Bruce Mansfield Station, Units 1, 2 and 3
BRUCE MANSFIELD UNIT 1 LEASES: By the Numbers, Version 1.0 The Bruce Mansfield Station, Units 1, 2 and 3 NOTE: There are many numbers and calculations in this compilation. The Complier is an attorney by
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS
Real gross domestic growth
Real gross domestic growth United States, 2000 prices Compound annual growth rate 10 5 0-5 -10 81 83 85 87 89 91 93 95 97 99 01 03 05 07 Sources: BEA, Global Insight. Consumer sentiment University of Michigan,
Deutsche Bank. Consensus Report. 14 August 2018
Deutsche Bank Consensus Report 14 August 2018 Deutsche Bank Group P&L (in m) Average Minimum Maximum # est. Average Minimum Maximum # est. Average Minimum Maximum # est. Average Minimum Maximum # est.
JOINT INDUSTRY FORECAST
JOINT INDUSTRY FORECAST January 2018 10-YEAR GOALS NET NEW JOBS CAPITAL INVESTMENT PER CAPITA INCOME Current: 144,599 Current: $8.9B Current: 24.4% Goal: 150,000 Pace: 184,594 Goal: $8B Pace: $11.1B Goal:
The Great Economic Reset
The Great Economic Reset CMTA Annual Conference Squaw Creek Lake Tahoe April 13, 2016 Presented by Douglas C. Robinson, RCM Robinson Capital Management LLC SEC Registered Investment Advisory Firm Advisory
Redemption Date *"" Fixed r- Not applicable " Actual / Actual - Not applicable <~ Refer Additional Covenants t- 10 years " April 24,2027 ~
Term Sheet (Series R -008 dated April 19,2017) HOUSIN DEVELOPMENT FINANCE CORPORATION LIMITED www.hdfc.com Security Name Issuer Type of Instrument Nature of Instrument Seniority Mode of Issue Eligible
From Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
Deutsche Bank. Consensus Report. 13 March 2018
Deutsche Bank Consensus Report 13 March 2018 Deutsche Bank Group P&L (in m) Average Minimum Maximum # est. Average Minimum Maximum # est. Average Minimum Maximum # est. Average Minimum Maximum # est. Revenues
Inland Empire International Trade Economic Forecast
Inland Empire International Trade Economic Forecast Mira Farka Adrian Fleissig Institute for Economic and Environmental Studies Orange County / Inland Empire Regional SBDC Network California State University,
RIDGETOP BUILDING 9621 RIDGETOP BLVD NW SILVERDALE, WA WHEATON BUILDING 2512 WHEATON WAY BREMERTON, WA FOR SALE 2 PROPERTY PORTFOLIO
RIDGETOP BUILDING 9621 RIDGETOP BLVD NW SILVERDALE, WA 98383 WHEATON BUILDING 2512 WHEATON WAY BREMERTON, WA 98310 FOR SALE 2 PROPERTY PORTFOLIO Matt Steiner 206.233.1999 Matt@beharcompany.com www.beharcompany.com
CRIST KOLDER ASSOCIATES. Volatility Report 2018
CRIST KOLDER Volatility Report 2018 CRIST KOLDER Volatility Report Table of Contents Methodology Page 2 Report Highlights Page 5 Location Page 6 Executive Turnover Page 9 C-Suite Career Paths Page 18 Diversity
The US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
Administration Report Fiscal Year 2011/2012
Administration Report Fiscal Year 2011/2012 Poway Unified School District Community Facilities District No. 3 June 20, 2011 Prepared For: Poway Unified School District Planning Department 13626 Twin Peaks
Administration Report Fiscal Year 2010/2011
Administration Report Fiscal Year 2010/2011 Poway Unified School District Community Facilities District No. 3 June 21, 2010 Prepared For: Poway Unified School District 13626 Twin Peaks Road Poway, CA 92064
Reading the Tea Leaves: Investing for 2010 and Beyond
Reading the Tea Leaves: Investing for 2010 and Beyond Wednesday, April 28, 2010; 8:00 AM - 9:15 AM Moderator: Maria Bartiromo, Anchor, CNBC's Closing Bell With Maria Bartiromo Speakers: Nick Calamos, President
SUNTRUST BANKS INC FORM 8-K. (Current report filing) Filed 10/18/99 for the Period Ending 10/14/99
SUNTRUST BANKS INC (Current report filing) Filed 10/18/99 for the Period Ending 10/14/99 Address 303 PEACHTREE ST N E ATLANTA, GA 30308 Telephone 4045887711 CIK 0000750556 Symbol STI SIC Code 6021 - National
Commodity Endowment Funds
Commodity Endowment Funds Moscow March 9-10 Roberts L. Grava Jennifer Johnson-Calari World Bank rgrava@worldbank.org jjohnsoncalari@worldbank.org Challenges of managing commodity revenues Macro issues
Relevance of Questions from past Level III Essay Exams
This document attempts to identify questions from past Level III essay exams which are still relevant in 2018. There is no guarantee that the information presented here is 100% accurate. If you have any
Deputy City Manager & Chief Financial Officer. P:\2016\Internal Services\Cf\Dc16009cf (AFS #22921)
STAFF REPORT ACTION REQUIRED Issuance of Debentures Date: March 31, 2016 To: From: Wards: Reference Number: Debenture Committee Deputy City Manager & Chief Financial Officer All P:\2016\Internal Services\Cf\Dc16009cf
Figures & facts around Austrian Government Bonds. Quarterly Report
Figures & facts around Austrian Government Bonds Quarterly Report September 2018 Primary Market for Government Bonds Auction Calendar 2018 Auction date 09 Jan 2018 06 Feb 2018 06 Mar 2018 10 Apr 2018 08
A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) October 2004
A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) October 2004 Richmond Regional Planning District Commission 2104 West Laburnum Avenue,
$61,877,660 SERIES 1 VARIABLE RATE SUBORDINATED DEBENTURES
1 st FRANKLIN FINANCIAL CORPORATION $61,877,660 SERIES 1 VARIABLE RATE SUBORDINATED DEBENTURES 1 st Franklin Financial Corporation (the "Company" or "1st Franklin") is offering to sell its Series 1 Variable
Economic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
REPORT General Committee
J Wohkirp foh you REPORT General Committee For Information DATE: FROM: Norma Trim, Chief Financial Officer and Commissioner of Corporate Services OBJECTIVE To provide Council with the options available
NOTICE OF GUARANTEED DELIVERY
NOTICE OF GUARANTEED DELIVERY Pursuant to the Offer to Purchase for Cash Up to $50 Million But Not Less than $20 Million Aggregate Principal Amount of Outstanding 0% Subordinated Debentures due 2015 (CUSIP
CHALLENGES FACING PERU S NEW GOVERNMENT ADMINISTRATION. Ambassador Felipe Ortiz de Zevallos
CHALLENGES FACING PERU S NEW GOVERNMENT ADMINISTRATION Ambassador Felipe Ortiz de Zevallos Alan Garcia s inaugural speech One of the goals of this administration is to set the conditions for Peru to achieve
The 2015 Mid-Year Economic Update
Download slides here at www.mdm.com/slides or email info@mdm.com The 2015 Mid-Year Economic Update Brian Lewandowski and Thomas P. Gale June 18, 2015 Produced by: Sponsored by: Download slides here at
How finance reshaped America
One year later How finance reshaped America Jerry Davis Columbia Business School November 3, 29 FAILED SEIZED BY GOV T SOLD UNDER DURESS CONVERTED TO COMMERCIAL BANKS 29 by The Regents of The University
SINGAPORE edevelopment LIMITED (Incorporated in Singapore) (Company Registration No W)
SINGAPORE edevelopment LIMITED (Incorporated in Singapore) (Company Registration No. 200916763W) PROPOSED ACQUISITION OF HOTAPPS INTERNATIONAL PTE. LTD. BY AN OTCBB-BOUND U.S. COMPANY WHICH WILL BECOME
Unit Fund Link Performance Bulletin
International Limited Performance Bulletin 06 February 201 06 February 201 page 1 of 9 International Limited Australian Dollar (AUD) R01 HIL Australian Dollar Deposit 01//1996 0.146 0.17 04/02/201 0-0.14-0.4-1.02
COV DEBT CAPACITY April 5, 2016
COV DEBT CAPACITY April 5, 2016 Presentation Objectives: a) Background Information on Tax Rate Limitation; b) Bond Market Review; c) Current General Obligation Debt Outstanding; d) Taxable Assessed Valuation
2019 Economic Outlook: Will the Recovery Ever End?
2019 Economic Outlook: Will the Recovery Ever End? Advantage Bank Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations November 15 th, 2018
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the three months ended September 30, 2017 and 2016 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT SEPTEMBER 30, 2017 ASSETS
U.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research
U.S. Property Market Outlook, 2013Q1 Jim Costello, Managing Director CBRE Americas Research Investment Research CBRE Page 2 Outlook for the Real Side of the Economy Operationally, what do Research Teams
BC Pension Forum. Economic Outlook. Presented by: Ben Homsy, CFA Portfolio Manager
BC Pension Forum Economic Outlook Presented by: Ben Homsy, CFA Portfolio Manager 1694 1704 1713 1723 1732 1741 1751 1760 1770 1779 1788 1798 1807 1817 1826 1836 1845 1854 1864 1873 1883 1892 1901 1911
A Primer on Factors Affecting Farmland Values
A Primer on Factors Affecting Farmland Values Federal Reserve Bank of Chicago David Oppedahl Business Economist 312-322-6122 david.oppedahl@chi.frb.org The economy hit bottom in June 2009, with hesitant
14 September 2018 Block Energy Procurement Events Results
14 September 2018 Block Energy Procurement Events Results In accordance with the Act and ICC Orders, the following information will be made public at the time of ICC approval of a procurement event for
California Demographics: What Makes Us Golden
California Demographics: What Makes Us Golden Where We ve Been and What to Expect For Institutional Use Only CMTA Annual Conference April 26, 2018 Presented by Douglas C. Robinson, RCM Robinson Capital
Franklin DynaTech Fund
Franklin DynaTech Fund January 31, 2019 Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and
SPECIAL DIVIDEND OF MUELLER INDUSTRIES, INC.
MUELLER INDUSTRIES, INC. SPECIAL DIVIDEND OF MUELLER INDUSTRIES, INC. This document is being provided to stockholders of Mueller Industries, Inc. (a corporation that we refer to as Mueller, we, our or
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the nine months ended March 31, 2018 and 2017 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT MARCH 31, 2018 ASSETS CURRENT ASSETS:
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED)
AMERICAN GREEN INC INTERIM FINANCIAL STATEMENTS (UNAUDITED) For the six months ended December 31, 2017 and 2016 AMERICAN GREEN INC. UNAUDITED CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 2017 ASSETS CURRENT
STAFF PAPER. TRG Agenda ref 47. November 9, 2015
TRG Agenda ref 47 STAFF PAPER Project Paper topic November 9, 2015 FASB/IASB Joint Transition Resource Group for Revenue Recognition Whether Fixed Odds Wagering Contracts are Included or Excluded from
A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) January 2006
A Sample of Economic & Demographic Characteristics for the Richmond-Petersburg Metropolitan Statistical Area (RIPE MSA) January 2006 Richmond Regional Planning District Commission 2104 West Laburnum Avenue,
Fund Performance Bulletin
Fund Performance Bulletin March 7, 2009 March 7, 2009 Page of 2 s s s 0 s PATHFINDER B20 Hansard Pathfinder UK 29/0/99 0.98.02 -.0-7.9-24.0-29.77 -.72 N/A -.8-0.8 C20 Hansard Pathfinder America /2/98 0.744
THE ECONOMIC, CLIMATE, FISCAL, POWER, AND DEMOGRAPHIC IMPACT OF A NATIONAL FEE-AND- DIVIDEND CARBON TAX
THE ECONOMIC, CLIMATE, FISCAL, POWER, AND DEMOGRAPHIC IMPACT OF A NATIONAL FEE-AND- DIVIDEND CARBON TAX Regional Economic Models, Inc. Study Authors Scott Nystrom, M.A. Regional Economic Models, Inc. (REMI)
How to Explain Car Rental to Banks and Investors
How to Explain Car Rental to Banks and Investors Scott White Senior Managing Director, Head of Investment Banking C.L. King & Associates March 8-9, 2011 Las Vegas Hilton 1 My Background 18 Years Advising
U.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
For personal use only
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Appendix 5B Rule 5.5 Mining exploration entity and oil and gas exploration entity quarterly report Introduced 01/07/96
Unit Fund Link Performance Bulletin
Performance Bulletin 12 February 2014 12 February 2014 page 1 of Australian Dollar (AUD) R01 HIL Australian Dollar Deposit 01//1996 0.14 0.16 /02/2014 0-0.21-0.41-1.16-1.89 16.44 4.2 2.17 Swiss Franc (CHF)
Part B Term Sheet Security Name Product Code Issuer Type of Instrument Nature of Instrument ISIN Seniority Principal Protection Underlying/ Reference Index Mode of Issue Issue Size (Rs.) Aspire- Market
Growth, Innovation, and the Future of the Arizona Economy. Michael Crow Arizona State University December 21, 2016
Growth, Innovation, and the Future of the Arizona Economy Michael Crow Arizona State University December 21, 2016 Billions Arizona Gross Domestic Product, 2005-2016 $280 $275 $270 $265 $260 $255 $250 $245
More of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
Debentures- under Sec.71 of the Companies Act, 2013 & Companies (Share Capital and Debentures) Rules, 2014
Debentures- under Sec.71 of the Companies Act, 2013 & Companies (Share Capital and Debentures) Rules, 2014 Introduction: As per Sec.2(30) of the CA,2013, Debenture includes debenture stock, bonds or any
WORLD RUGBY MEMBERSHIP PATHWAY
WORLD RUGBY MEMBERSHIP PATHWAY Introduction The World Rugby Membership Pathway clearly outlines the minimum requirements as agreed by the World Rugby Council for Unions to progress to Associate and Full
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
The U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
India: Can the Tiger Economy Continue to Run?
India: Can the Tiger Economy Continue to Run? India s GDP is on the rise US$ trillions Nominal GDP (left axis) GDP growth (right axis) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004
Corporate and Investment Banking. Tariff Guide Domestic Business Effective 12 January 2017
Corporate and Investment Banking Tariff Guide Effective 12 January 2017 1 This Tariff Guide details hereunder the charges applicable to transactions offered by Standard Bank (Mauritius) Limited as from
Composition of Federal Spending
*For Institutional Use Only* Demographic and Economic Trends: Growth, Debt and Promises Douglas C. Robinson RCM Robinson Capital Management LLC SEC Registered Investment Advisory Firm Advisory services
Franklin DynaTech Fund
Franklin DynaTech Fund July 31, 2018 Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is
SUNTRUST BANKS INC FORM 8-K. (Current report filing) Filed 12/09/04 for the Period Ending 12/09/04
SUNTRUST BANKS INC FORM 8-K (Current report filing) Filed 12/09/04 for the Period Ending 12/09/04 Address 303 PEACHTREE ST N E ATLANTA, GA 30308 Telephone 4045887711 CIK 0000750556 Symbol STI SIC Code
Annual results Accell Group 2016
Annual results Accell Group 2016 Amsterdam, 10 March 2017 René J. Takens, CEO Hielke H. Sybesma, CFO Agenda 1. Key results 2016 2. Strategy 3. Outlook 10 March 2017 Accell Group N.V. presentation annual
Big Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
Job Creation Survey, 4 th Quarter 2015 and 1 st Quarter 2016
Job Creation Survey, 4 th Quarter 2015 and 1 st Quarter 2016 Summary Finding and Selected Tables National Bureau of Statistics June, 2016. Summary Findings and Tables of the Quarterly Job Creation 4 th
Net Receipts by Sector ( Million)
Year 2011 2011 2011 2011 2011 2011 ( Million) and USC¹ Income ² Corporation 17.33 57.86 118.43 10.50 41.56 245.67 330.06 229.17 14.24 73.85 0.75 648.07 492.06 1,261.56 2.65 1,705.27 3.08 3,464.61 91.83
Economic Outlook: fear over fundamentals
ECONOMICS I RESEARCH Economic Outlook: fear over fundamentals April 2016 Craig Wright (SVP & Chief Economist) (416) 974-7457 craig.wright@rbc.com Volatility index Market volatility index, (VIX) 90 80 70
Fiscal Impact of SunTrust Park and The Battery Atlanta on Cobb County Executive Summary Sept. 18, 2018
Fiscal Impact of SunTrust Park and The Battery Atlanta on Cobb County Executive Summary Sept. 18, 2018 Overview Historically, professional sports stadiums were privately owned by the sports teams that
Unit Fund Link Performance Bulletin
Performance Bulletin May 207 May 207 page of 2 Australian Dollar (AUD) R0S2 HIL (S2) Australian Deposit 0/02/204 0.96.0 09/0/207-0. -0.6 -.9 -.06 n/a n/a -.7 n/a Euro (EUR) MX0S2 HIL (S2) JP Morgan Emerging
Henley Global Masterclasses 2017 Henley Business School, Greenlands, Henley-on-Thames Friday 12 May 2017
The End of the Golden Era for Global Investing Prof Sotiris Tsolacos International Capital Markets Association (ICMA) Centre and School of Real Estate & Planning Henley Global Masterclasses 2017 Henley
Unit Fund Link Performance Bulletin
Performance Bulletin 07 May 2014 07 May 2014 page 1 of 12 Australian Dollar (AUD) R01 HIL Australian Dollar Deposit 01//1996 0.14 0.16 0/0/2014 0-0.14-0.4-1.09-1.8 14.98 4.1 2.14 Swiss Franc (CHF) D02
UBS Annual Nordic Financial Services Conference Lars Aa. Løddesøl Group CFO - Storebrand
UBS Annual Nordic Financial Services Conference 2013 Lars Aa. Løddesøl Group CFO - Storebrand 1 The Storebrand Group 100% of investments assessed by sustainability criteria 2.200 employees 40.000 corporate
Florida Polytechnic University Finance and Facilities Committee Board of Trustees September 7, Proposed Committee Action. Background Information
Page 18 AGENDA ITEM: VII Florida Polytechnic University Finance and Facilities Committee Board of Trustees September 7, 2016 Subject: Transition from UF Shared Services Update No action required- Information
Economic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
Unit Fund Link Performance Bulletin
Performance Bulletin 29 April 201 29 April 201 page 1 of 1 Australian Dollar (AUD) R01 HIL Australian Dollar Deposit 01//1996 0.14 0.16 27/04/201-0.07-0.21-0.4-1.09-1.77 11.2 44.6 2.01 Swiss Franc (CHF)