7
Portfolio Composition & Compliance – Compliance Report (continued)
Compliance
Investment Policy Limit
With Investment
Credit Ratings
Market
S&P
Moody's
Market Value ($)
% of Total
Policy
Municipal Debt - Austin, TX Comm Coll
AA+
Aa1 Aaa Aaa Aa1 NR Aa2 Aaa Aaa NR Aa1 Aaa Aaa Aa1 Aa2 Aa1 Aa2 Aa2 Aa1 Aaa Aa1 NR Aa2 NR Aa2 Aa2 Aa1 Aa1
838,770
0.1% 5% 0.2% 5% 0.1% 5% 0.2% 5% 0.8% 5% 0.7% 5% 0.7% 5% 0.2% 5% 0.1% 5% 0.6% 5% 0.9% 5% 1.8% 5% 0.8% 5% 0.1% 5% 0.1% 5% 0.1% 5% 1.1% 5% 1.3% 5% 0.2% 5% 0.9% 5% 0.1% 5% 0.1% 5% 0.1% 5% 0.2% 5% 0.5% 5% 0.1% 5% 0.2% 5%
Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
- Bergen County, NJ - Boston, City of
NR
2,666,063 1,515,196 1,998,840 8,929,413 7,913,182 7,434,880 1,654,194 1,023,140 6,260,820 9,674,402 19,422,463 9,080,064 1,210,080 1,441,382 11,387,967 14,060,845 2,609,170 966,893 10,070,650
AAA AA+ AAA AA+ AA+ AAA AA+ AAA NR
- Contra Costa Comm, CA
- Emeryville, CA - Hawaii, State of
- Los Angeles CMNTY CLG DIST, CA
- Marin County, CA
- Martinsville Independent School - Massachusetts, Commonwealth of
- Minnesota, State of - Multnomah County, OR - New York, State of - Ohlone Comm College - Oregon Local Govts - Oregon School Board - New York City
NR
AA+
AA
AA+
NR AA
- Oregon, State of
AA+ AAA AA+ AAA
- Palm Beach County, FL
- Phoenix
- Santa Clara County
730,660 942,337
- Solano County Community
AA
- Texas, State of
AAA
1,021,120 2,154,327 4,905,929
- Travis County Health, Texas
NR NR
- Tulsa ISD, OK
- Westchester County, NY
AA+ AA+
797,590
- Wisconsin, State of
2,214,751
Sub-Total Municipal
132,925,127
12.3% 20%
Yes
Supranationals - African Development Bank - Asian Development Bank
AAA AAA AAA AAA
Aaa Aaa Aaa Aaa
9,598,200 12,877,142 21,903,753 14,879,100
0.9% 10% 1.2% 10% 2.0% 10% 1.4% 10%
Yes Yes Yes Yes
- International Bank for Reconstruction & Development
- Inter-American Development Bank
Sub-Total Supranationals
59,258,195
5.5% 30%
Yes
Commercial Paper - Toyota Motor Credit
A-1+
P-1
42,669,742
3.9% 5%
Yes
Sub-Total Commercial Paper
42,669,742
3.9% 20%
Yes
Grand Total
1,081,417,052
100.0%
After reviewing the investment activity for the month ended March 31, 2025, we have not identified any instances of material non-compliance with the Investment Policy.
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