MDTA Finance and Administration Meeting Materials

Agenda & Key Points

Agenda

 Market Update  Portfolio Composition & Compliance  Strategy  Total Return Performance  Strategy & Benchmark Approval

Key Points  Diversified investment portfolio remains in compliance with the Investment Policy & Trust Agreement.  Matched Funded accounts are benefitting from higher prevailing rates for short-term instruments.  Total Return (Duration Targeted) Investment Strategies  Long-term reserve account strategies should remain consistent despite periods of short-term return volatility associated with rising interest rate environments.  Multi-year average returns for long term reserves align with financial forecast and approximate the starting rolling yields.

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