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Item 22 - Investment Manager and Portfolio Services
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Item 22 - Investment Manager and Portfolio Services
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5/13/2024 12:40:59 PM
Creation date
5/2/2024 5:45:31 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
22
Date
5/7/2024
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Services Provided <br />M E E D E R <br />PUBLIC FUNDS <br />Based on the City's Historical Cash Flow, the 2023 Audit, and the California Government Code, we recommend the <br />following portfolio allocation: <br />Hypothetical Portfolio Illustration <br />Santa Ana, CA portfolio as of 12/18/2023 <br />Sample Portfolio <br />LAI F/J PA <br />Securities <br />Total Portfolio <br />Sample Securities <br />Weighted Average Maturity <br />Sample Maturity Distribution <br />120,000,000 - <br />100,000,000 <br />80,000,000 <br />60,000,000 <br />40,000,000 <br />20,OOQ000 <br />$105,000,000 <br />$420,807,778 <br />$525,807,788 <br />2.07 years <br />Sample Asset Allocation <br />■ US Treasuries <br />■US Government Agencies <br />■ FDIC Insured Products <br />■ Commercial Paper <br />■ Municipal Securities <br />■ Medium Term Notes <br />Overnight 0-1 year 1-2years 2-3 years 3-4 years <br />PORTFOLIO ILLUSTRATION IS HYPOTHETICAL IN NATURE, DOES NOT REFLECT ACTUAL INVESTMENT RESULTS, AND DOES NOT GUARANTEE FUTURE RETURNS. <br />REPORTING/COMMUNICATION <br />One of the biggest differentiators from our competitors is our ability and willingness to customize reporting for our <br />clients. Our firm uses both the Charles River and Clearwater systems, we are able to continue making significant <br />enhancements to the regular reporting packages and ensure it meets all the City's needs. Additionally, the <br />accessibility of our client service and investment teams, and our desire to be open and communicate throughout the <br />investment process will result in a reliable and trustworthy relationship between the City and Meeder as the City's <br />investment advisor, which cannot be overstated. <br />4-5 years <br />4 <br />
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