Florida School Business - Fall/Winter 2017 - outsert3

The Premier Cash Management
Solution for Florida Public Entities
PORTFOLIO OVERVIEW
as of 9/30/17
Pool Assets

* Seeks preservation of capital, liquidity and competitive yield

$8 billion

* Accessed through easy-to-use, reliable technology

Credit Quality Composition (%)

* Backed by personal, ongoing support from people who understand-
and are committed to-Florida public finance
Conservative Management Consistent With State Statutes and
Best Industry Practices

■ A-1+ 70.6

The Local Government Surplus Funds Trust Fund (Florida PRIME) was created by
an Act of the Florida Legislature in 1977 and currently serves 747 participants
across the state.

■ A-1 29.4

* Invests exclusively in short-term, high-quality fixed-income securities rated in
the highest short-term rating category by one or more nationally recognized
statistical rating organizations, or securities of comparable quality.

Effective Maturity Schedule (%)

* Seeks to maintain a $1.00 value and maintain a weighted average maturity of
60 days or less, with the maximum maturity of any investment limited to 397 days.

■ 1-7 days 38.2
■ 8-30 days 21.3
■ 31-90 days 23.7
■ 91-180 days 10.2
■ 181+ days 6.6

* Complies with legislation that requires numerous operational and reporting
enhancements, including restating investment objectives to emphasize safety,
liquidity and competitive returns with minimization of risks; and providing for
enhanced internal controls, transparency and communication.

Portfolio Composition (%)

Management by a World-Class Firm That Understands Public Finance

■ Commercial
Paper 54.5
■ Bank
Instruments 36.3
■ Money Market
Funds 4.8
■ Corporate
Notes 1.2
■ Repurchase
Agreements 0.8

Top Holdings (%)
Canadian Imperial Bank of Commerce

5.6

Royal Bank of Canada

5.4

Wells Fargo & Co.

5.3

ABN Amro Bank NV

5.0

JPMorgan Chase & Co.

4.8

Federated Institutional Prime Value
Obligations Fund - Class IS

4.7

Bank of Montreal

4.6

Bank of Nova Scotia, Toronto

3.8

Toronto Dominion Bank

3.8

Svenska Handelsbanken, Stockholm

3.7

Total % of Portfolio:

Effective Average Maturity
51.9 Days

* Rated AAAm by Standard & Poor's, the highest rating available for a local
government investment pool.

46.7

* Since February 13, 2008, Federated Investors has managed the assets
of Florida PRIME to the exact specifications of its investment policies.
* Founded in 1955, Federated is a market leader in providing investment
management and administrative services to public sector cash investors.
Federated is also one of the largest institutional cash investment managers
in the U.S.1
The Highest Level of Support Through Superior Technology
* Pool participants can efficiently and accurately initiate transactions and obtain
account information through online systems.
* www.sbafla.com/prime provides access to full portfolio information, as well as
links to transaction and inquiry tools-24 hours a day, seven days a week.
To learn more about the advantages of putting Florida PRIME to work,
call 1-850-488-7311.
1 iMoneyNet, Inc. 9/30/17
Portfolio holdings and composition are shown as of the date indicated. Since market conditions fluctuate
suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio
composition. These portfolio holdings are not intended to be and do not constitute recommendations that
others buy, sell, or hold any of the securities listed.

An investment in the Pool is not insured or guaranteed by any government
or government agency. Although the manager of the Pool seeks to preserve
principal, it is possible to lose money by depositing money in the Pool.
An AAAm rating by Standard & Poor's is obtained after S&P evaluates a number of factors, including credit
quality, market price exposure and management. Ratings are subject to change and do not remove market risk.
Federated Investment Counseling
2017 ©Federated Investors, Inc.

891035_Federated_eOUT.indd 1

Federated is a registered trademark of Federated Investors, Inc.
G40461-10 (10/17)

27/10/17 4:52 pm


http://www.sbafla.com/prime http://www.sbafla.com/prime

Table of Contents for the Digital Edition of Florida School Business - Fall/Winter 2017

President’s Message
All Hands on Deck for Purchasing Card Fraud Prevention
Legislative Report
2017 Annual Conference Recap
In Memoriam: Rita Zazzaro
Index of Advertisers/Advertiser.com
Florida School Business - Fall/Winter 2017 - Intro
Florida School Business - Fall/Winter 2017 - bellyband1
Florida School Business - Fall/Winter 2017 - bellyband2
Florida School Business - Fall/Winter 2017 - cover1
Florida School Business - Fall/Winter 2017 - cover2
Florida School Business - Fall/Winter 2017 - 3
Florida School Business - Fall/Winter 2017 - 4
Florida School Business - Fall/Winter 2017 - 5
Florida School Business - Fall/Winter 2017 - 6
Florida School Business - Fall/Winter 2017 - President’s Message
Florida School Business - Fall/Winter 2017 - All Hands on Deck for Purchasing Card Fraud Prevention
Florida School Business - Fall/Winter 2017 - 9
Florida School Business - Fall/Winter 2017 - 10
Florida School Business - Fall/Winter 2017 - 11
Florida School Business - Fall/Winter 2017 - Legislative Report
Florida School Business - Fall/Winter 2017 - 13
Florida School Business - Fall/Winter 2017 - 2017 Annual Conference Recap
Florida School Business - Fall/Winter 2017 - 15
Florida School Business - Fall/Winter 2017 - In Memoriam: Rita Zazzaro
Florida School Business - Fall/Winter 2017 - 17
Florida School Business - Fall/Winter 2017 - Index of Advertisers/Advertiser.com
Florida School Business - Fall/Winter 2017 - cover3
Florida School Business - Fall/Winter 2017 - cover4
Florida School Business - Fall/Winter 2017 - outsert1
Florida School Business - Fall/Winter 2017 - outsert2
Florida School Business - Fall/Winter 2017 - outsert3
Florida School Business - Fall/Winter 2017 - outsert4
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