The Pooled Money Investment
Portfolio
Asset Allocation as of: 07/31/2017 $2.956 Billion (Par Value)
O/N Repo: 41.98%
Agency Discount Notes: 0.00%
Agency Debentures: 0.00%
Kansas Bank CDs: 2.21%
High Grade Commercial Paper: 55.81%
High Grade Corporate Bonds: 0.00%
Portfolio Holdings (Rating / Percent of Portfolio) as of: 07/31/2017
| Investment
Type |
Current
Rating |
Percent
of Portfolio |
| Overnight Repurchase Agreements |
AA+ / Aaa | 41.98% |
| FNMA (Fannie Mae) | AA+ / Aaa | 0.00% |
| FHLMC (Freddie Mac) | AA+ / Aaa | 0.00% |
| FHLB Home Loan Bank) | AA+ / Aaa | 0.00% |
| FFCB (Farm Credit Bank) | AA+ / Aaa | 0.00% |
| Kansas Bank CD's | A | 2.21% |
| Apple, Inc. Bank of Montreal Bank of Nova Scotia (New York) |
A1+ /
P1 A1 / P1 A1 / P1 |
0.00% 3.38% 3.38% |
| BNP Paribas (New York) Caterpillar Companies Chevron Corp. |
A1 / P1 A1 / P1 A1+ / P1 |
3.38% 0.00% 0.00% |
| Coca-Cola Company | A1+ / P1 | 0.00% |
| Colgate-Palmolive Company | A1+/ P1 | 0.00% |
| Credit Suisse (New York) | A1/ P1 | 0.00% |
| Exxon Mobil Corp. | A1+/ P1 | 3.38% |
| General Electric Companies | A1+/ P1 | 3.38% |
| Google, Inc. | A1+/ P1 | 0.00% |
| IBM Corp. | A1+ / P1 | 0.00% |
| ING (US) Funding LLC | A1 / P1 | 3.38% |
| John Deere
Companies Johnson & Johnson |
A1
/ P1 A1+ / P1 |
0.00% 0.00% |
| JP
Morgan Chase & Co., Inc. |
A1 / P2 | 0.00% |
| Merck & Company, Inc. | A1+ / P1 | 0.00% |
| Microsoft Corporation | A1+ / P1 | 3.38% |
|
National Bank
of Canada National Securities Clearing Corp. Natixis (New York) Nestle Companies |
A1
/ P1 A1+ / P1 A1 / P1 A1+ / P1 |
0.00% 3.38% 5.07% 0.00% |
|
Nordea Bank AB Novartis Companies |
A1+
/ P1 A1+ / P1 |
3.38% 0.00% |
| Pepsico, Inc. | A1 / P1 | 0.00% |
| Procter & Gamble Companies | A1+ / P1 | 0.00% |
|
Prudential Companies Rabobank USA Finance Corp. |
A1+
/ P1 A1+/ P1 |
3.38% 0.00% |
| Royal Bank of Canada | A1+ / P1 | 0.00% |
| Seimens Capital Company LLC | A1+/ P1 | 0.00% |
|
Societe Generale Swedbank AB Toronto-Dominion Holdings USA Toyota Motor Credit Corp. |
A1/
P1 A1+/ P1 A1+/ P1 A1+/ P1 |
3.38% 3.38% 5.07% 5.07% |
| UBS Finance (DE) LLC | A1/ P1 | 0.00% |
|
United
Parcel Service, Inc. US Bancorp |
A1/
P1 A1/ P1 |
0.00% 0.00% |
| Wal*Mart Stores, Inc. | A1+/ P1 | 0.00% |
| Walt Disney Company | A1 / P1 | 0.00% |
| Wells Fargo & Company | A1/ P1 | 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.