The Pooled Money Investment
Portfolio
Asset Allocation as of: 01/31/2020 $4.250 Billion (Par Value)
O/N Repo: 23.64%
U.S. Treasury Bills: 0.00%
Agency Discount Notes: 35.29%
Agency Debentures: 0.00%
Kansas Bank CDs: 0.61%
High Grade Commercial Paper: 39.99%
High Grade Corporate Bonds: 0.47%
Portfolio Holdings (Rating / Percent of Portfolio) as of: 01/31/2020
| Investment
Type |
Percent
of Portfolio |
| Overnight Repurchase Agreements |
23.64% |
| U.S. Treasury Bills FNMA (Fannie Mae) |
0.00% 0.00% |
| FHLMC (Freddie Mac) | 5.88% |
| FHLB (Home Loan Bank) | 29.41% |
| FFCB (Farm Credit Bank) | 0.00% |
| Kansas Bank CD's | 0.61% |
| Bank of Montreal BNP Paribas (New York) |
3.55% 3.55% |
| Credit Suisse (New York) | 3.55% |
| Exxon Mobil Corp. | 3.55% |
| ING
(US) Funding LLC JP Morgan Securities LLC Lloyds Bank PLC Natixis (New York) Nestle Companies Prudential Funding LLC Rabobank USA Finance Corp. Royal Bank of Canada Swedbank AB Toyota Motor Credit Corp. US Bancorp |
3.55% 3.55% 0.00% 3.55% 3.55% 1.18% 0.00% 4.02% 3.55% 3.55% 0.00% |
* = Rating "On Watch" for Possible Downgrade
Graph / Charts Prepared by Scott Miller, Executive Director & Chief Investment Officer smiller@pmib.ks.gov
The PMIP, which is managed by the State of Kansas Pooled Money Investment Board, is comprised of all funds residing in the State Treasury; from various State Agencies, as well as, local governments and school districts located within the state of Kansas. The PMIP’s primary objectives are securing principal, providing liquidity, and achieving a market rate of return. To provide for these objectives, the PMIP invests mainly in U.S. Government Securities (which include U.S. Treasury instruments and Federal Agency issues), repurchase agreements backed by such securities, ‘A1+/P1’ and ‘A1/P1’ rated Commercial Paper, AA-/Aa3 (minimum) rated Corporate Bonds, and Kansas Bank deposits.
The Portfolio’s short duration target and its high level of liquidity mitigate interest rate risk. The investment decisions are based mainly on Cash Flow needs, which are closely monitored by the investment team.