R-2019-0109 - 2/14/2019 RESOLUTION NO. R-2019-0109
WHEREAS, Chapter 2256, Texas Government Code, Section 2256.023 of the Public Funds
Investment Act states that a written report of investments be submitted to the governing body at least
quarterly; and
WHEREAS, a Quarterly Investment Report for the quarter ending December 31, 2018 for the
City of Round Rock has been submitted to the City Council; and
WHEREAS, the City Council desires to acknowledge the receipt and acceptance of the
attached Quarterly Investment Report,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS,
That the Quarterly Investment Report, attached hereto as Exhibit "A" and incorporated herein,
is hereby received and accepted.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551,Texas Government Code,as amended.
RESOLVED this 14th day of February,2019.
d 'P/
CRAIG ORG Mayor
City of ound ck,Texas
ATTEST:
AUL-G1iL • ,,,
SARA L. WHITE, City Clerk
m iz.iwz.aaanezo
EXHIBIT
«A»
J�ROaU�ND ROCK TEXAS
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
December 31, 2018
Prepared by
Valley View Consulting, L.L.C.
The investment portfolio of the City of Round Rock, Texas is in compliance with the Public Funds
Investment Act and the Investment Policy and Strategies.
Signature withheld for security purposes Signature withheld for security purposes
Chief Financial Officer Deputy Chief Financial Officer
Signature withheld for security purposes Signature withheld for security purposes
Accounting Manager Treasury Accountant
Valley View Consulting, LLC Dated
Disclaimer:These reports were compiled using information provided by the City. No procedures were performed to rest the
accamcy or completeness of this information. The market values included in these reports were obtained by Valley View
Consulting,L.L.C.from sources believed to be accurate and represent proprietary valuation. Dm to market fluctuations these
levels are not necessarily reflective of current liquidation values. Yield calculations are not determined using standard
performance formal s,are not representative of total return yields and do not account for investment advisor fees.
Summary Holdings by Investment Category (Security Sector)
December 31,2018
YTM
Description Cost Book Value Market Value
Cash 0.50% $ 8,973,447 $ 8,973,447
Certificates of Deposit 2.17% 223,874,504 223,874,504
Local Government Investment Pool 2.29% 34,476,756 34,476,756
Money Market Accounts 2.59% 4,114,863 4,114,863
Municipal 1.54% 6,317,761 6,301,689
US Agency 2.46% 49,148,650 49,163,939
Total I Average 2.18% If 326,905,9111111 S 326,906,197
September 30,2018
YTM
Description Cost Book Value Market Value
Cash 0.52% $ 8,412,806 $ 8,412,806
Certificates of Deposit 1.98% 218,081,619 218,081,619
Local Government Investment Pool 2.00% 23,485,979 23,485,979
Money Market Accounts 2.40% 9,067,728 9,067,728
Municipal 1.52% 11,349,068 11,317,586
US Agency 2.32% 34,768,083 34,617,848
Total l Average 1.97% $ 305,165,285 $ 304,983,567
Average Yield
Current Fiscal Year-
Quarter(1) to-Dale(2)
Total Portfolio 2.18% 2.18%
TexPool Yield 2.29% 2.29%
Rolling Three Mo.Trees.Yield 2.36% 2.36%
Rolling Six Mo.Treas.Yield 2.38% 2.38%
Rolling 1 Yr.Trees.Yield 2.33% 2.33%
Rolling 2 Yr.Trees.Yield 1.96% 1.96%
Investment Income(3)
Interest Income(Approximate) $ 1,598,034 $ 1,598,034
WAM at 12/3112018 Policy WAM Max
Total Portfolio 261 days 540 days
Pooled Funds 283 days 540 days
(1)Ave2ge Yield calculated using quarter end report yields antl id umed book values and does not Meet a WWI
Rtum anal,es Or aCCWM feradOem fees.
(2)Fiscal Year-tamale Average Yields calculated using quarter end report vales and adjusted book values and does
not reflect a Intal Mum analysis or account for advisory fess.
(3)Ines mem Income indudes coupon interest,ex,rued(merest and discount and premium amoNration.
Page 1.
Valley View Consulting,L.L.C.
Economic Overview 1213112018
The Federal Open Market Committee(FOMC)increased the Feld Funds target range to 2.25%-2.50%(Effectbe Fed Funds are trading+/-2.40%). The official outlook calls for two additional
increases during 2019. However,the market is currently projecting zero 2019 increases. Gradual FRB portfolio reduction continues by Uniting reinvestment of maturing holdings. Third Quarter
GDP grew 3+4%(final). Employment/Unemployment remain solid with December adding 312k new jabs and a 254k three month average. Crude oil decreased below H-$50. The Stock Markets
drifted!slightly higher than recent lows. Housing continues to weaken. The mkt-maturity yield curve listened.
IW Tin asu Yield Curves S&P 500
x.250 —
3.003,000
�r 2150
WWI-
2.502500
001 21250
2.00 ails, 2,000
I'm
1.50 1.500
1.00 1'zso
1,000
0.50 250
500
0.00 g250
e p, �T4 qyp
B 1 M1Jw R 11 n n 6 6 1 n
—.twrwdw31.M17 5sptrmterae20te —lecenba31-20,18
550 US Treaunury Historical Yields-Since 2005 US Treasury Historical Yields-Since Nov 2015
3.50
6.00 M
4.50 300 1.
4.00 VA 2.50
350 v
300 2.00
250 50 ~ .0\ ~ ,
2.00
50 w
t50
0.50 N. • 0.50
0.50 '��•`� V
CJS' C$"1 H1 le �\0 *q sor Sao off 11W OW spw S10 �,�v\B�e\0i�Wy \0 40 VV SOF1��a-e It \BVOl 111tow jor �\1�y'\t�M\1l)\0,{10 \0�10ar \0
VaYsy Vlwtmwtlp,LL.t. Pepe 2.
Holdings by Investment Category
December 31,2018
Poolsd Debt Service Debt Service Reserve Capital Project S Sp dal Total
Funds Funtls Funds Purpose Funds Palfollo
Deactlpeon Book Value %oi Portfolio Book VMue %of PONoli gook Value %oiPoNolio Book Value °bo/Potfolb Book Valle Xo/PoNollo
Cash S 8988,85] 3% $ 1J90 0°/ 8 0% $ 0%
Cedifratesd De osit 183584,942 58% 5,006,550 2°/ 0% 35.303011 11% 223,6]d,50d 60%
Investment Paola 23)82>13 ]X 0,]10823 3°e 8409 OX 1.974,931 1% 34.4]8,]58 11%
Mwe Martel Ao.»unts 1]23,832 1% 25555 0% 028]30 0% 1,530,945 0% 4.114.663 1°h
Munld 8,31],]81 2% o% o% 0% 6.317>61 2%
US en 49,148,850 15% o% 0% 0% 49.148,650 15%
Totall Ave a S3]3586.35t 4% S 13 Tor 18 4•L' - S p8 O% 38,814,41110 1216 S WS 980 1011%
Portfolio Balances(Millions)
Order of Liquidity
$350
$300 _. scam
$250 -------------- •local Government
Investment Pod
$200 - steel Market Account
$150 _. 0U Agency
$100
oldunidpal
$50
® aCeNficates 0 Deposit
$0
Funded Funds 03 Funds DSR Funds CP$SP Funds Total Padfolio
12/3412018 1213412018 12I31I2018 120112018 1213112018
Page 3.
Valley View Consulting,L.L.C.
Investment Holdings by Investment Category Quarterly Transactions By Investment Category
December 31,Wig December 31.2018
pptllalb Nat Gab EOuivaNnl
eaamlptlal Book Value %al Portlgb Llmeallon Daanigbn soya =N.�JU
Y4mt oe"W lfthdn an
C.0 $ 8973,u7 3% 10% C. S - S - $ sBOsat
C.fi.d at 1Y1.6l4,501 89% 75% CaN§W.,M it 30,T09,fi361.310.39!Cum 4 0% 1%/5% CYPr34,/]8.759 11% 10M6 InwaMwnl PWa130.713 10.990m
MaA Mcwtla 0.111.953 1% 5096 MetheNM nN47.134 6.953.Muni ' al 8,317,791 2% 35%15% muN US 49.148M 15% Canty I U9 ta,2a0.119
UST n 0% 75% US T.0TP IA 328W m 1W% PSa9EeTd N 798 f 1818139 fiM
Portfolio Balances(Millions)
Order of Liquidity Portfolio Composition
5400 December 31,2018
$350 MCash Oenfl.N
Cepwlt
%
$300 oLo G...nt ImeahneM �
Pw
$250 aMmay MKatM unt Cue
E200 eV5 T.eav
$150 --
aUS<eawy
$100 u3 R9ap
omud pal 15%
$50 --
eGNfic&eatll)apoa9
$0 OMII.p.
11=11173p1/18 W=18 &30118 12/31118 22%
1% 11%
Page N.
Valley View ConsU ting,L.L.C.
Portfolio Balances By Fund(Millions)
Sara
5350
f3W MGpNl Pmlett&Spa al Guryase Funs
3YlA
®LbGl Service ReaNW Funa
uao
$150 ®CMI Sernce FUMa
f1W
.p.F.
E50
50
N]tlA161YiV3%6 N1R01f N]N'31Hf N]N$%f 1YiV301B N12117 YDNA17 N]6'301] 1N11]%] ]1]113011 N]N301! 91]aISIHe 1Y31/201E
Page&
Valley View ConsWtiag,L.L.C.
City of Round Rock
Pooled Funds Performance
2.40
2.30
2.20
2.10
2.00
1.90
1.80
1.70
1.60
1.50
1.40
9 1.30
m 1.20
v 1.10
IL 1.00
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
,N0.11, NIb No�0,pN6,pNo Nq, No NIbpNo,N0 Nb,N0 NIb NN NX NX NX NA �1,p,N1 NX, A ,A N, ,A kq 0,p0, 9> ,�0,p,�0 .N0, Qb,mob Nb N% kb
`�"�\1,,��'(���C✓.C�ea�O��`Va`�'�'(1��Q`�'�\�� ���\`L�0v s`�' C�^\'�`�',�f4�`,��p\`�,s\✓ ^Cr
Round Rock TexPool
Rolling 1.5 yr Treasury (Policy WAM max) Rolling 9 mo Treasury
Page 6.
Valley View Consulting,L.L.C.
Holdings by Allocation and Portfolio Fund December 31, 2018
C..,. BalWmant Fau Amounu darkN Days[, -@Issuer Rate Lntll[RatlnB Dw Sharos Book Value Prke Market Value MatuOry OeG Maturd, Book
Fund 000-Peeled lnaeonneaG
NexBank 285% 1V29=16 E 1682239 3 188299 10000 Is 1.682.239 N/A t 2.85%
G.Bank 2.37% 08/08.2010 41393 41383. 10.00 41,393 N/A 1 2.3]%
JPMorgan Chase 0.50% 09002015 8,968,6578968657 100.00 8968657 NIA 1 050%
T.STAR 2.31% AAPm 09p 015 195,266 195200100.00 195,266 WA 1 2.31%
T-Poul 239% A4Nn 09/30/2015 23574832 235]4.832 100.00 2350.832 WA 1 2.29%
T.0AILY 2,32% W. 025=015 12,615 12815+ 100.00 12,615 WA 1 2.32%
Lubbock Natonal Bank 1.45% 01/1112017 10281,4" 10,281,404 100.00 10,281,404 01/11YL019 11 148%
Galveston Texas 631% Aawm./- 01/08(1018 1,230,000 1,234.454 100.28 1233.481 0&02019 32 2.00%
TomballT CO's 500% AawMN- 1P/ M016 05000 ]]8.445 100.38 77/908 0WWO19 46 140%
Le Tena Bank 140% OV172017 9753107 9753107 MOW 9]5310] OVIM019 50 1.40%
G ua ChnaB-Raf 1.81% M2/"M Owi1 1016 2250000 2251,566 98.87 2.N7.120 O3PoIMIO 6D 1.37%
Lubbock Nafianal Bank 1.45% 03012017 5."1,79D 5641]90 100.00 5,641,790 01012019 60 145%
R Bank 1.74% 10012017 2,035104 2,036,104 100.00 2035.104 04,022019 92 1.74%
Lubbock Nabonal Bank 1.50% 040520176,151,953 6151963 MOO 8151.903 04012019 95 1.50%
Inde deM Bank 1.65% 05012017 5125379 5.125.379 100.0 5125,379 0501/2019 121 1.65%
Unkn Shad Bank 2.39% 05/102018 2900000 1 2000.00 100.00 2,000,000 05092019 129 2.39% .
Taxas A&M Univ 1.94% AaaIAANAM 0501201] 2,050.000 1 2.053,296 99.86 1 2,043,112 OS/15/2019 135 1.50%
a Texas Bank 2.05% 122211017 4,109.312 4,109312 1W.M 4,109,312 M21/2019 172 2.05%
Le,acyTaae Bank 1.70% 06212017 510166 5,129166 1W.W 5129,168 062412019P263
1.70%
FHLMC 0.88% Aaa1M+/AM 02282018 IDOW000 9929%] 99.05 9,905,355 90/192019 2.19%
L wTens Bank 170% 08/102017 8,183,400 8183.490 100.00 8183490 080912019 1.70%
R Bank 1.90% OWIMO17 2045585 2045585 1DOM 2,045585 0811112019 1.80%
Le aTaxas Bank 170% M282U17 5,114625 5114625 100.00 5.114625 08202019 1.10%
L Texas Bank 2.lD% 1221201) •084813 4084813 10.90 4,084,813 09202048 2.10%
JPMo anChaee 1.84% 5008201) 14232)89 1/232]09 10000 14232]89 10152/2019 1.64%
Lubbock Nabunal Bank 1,65% IMM01] 1018430] 10194307 100.00 10184390 101522019 1,65%
R Bank 183% 10100201] 208938 2035938 10000 2038804 101522019 1.03%
FNMA 0.0% 400/00- 10111201] 5090000 4932445 98.M 4,802,800 1MM019 1.79%
REFCORP 0.0% 4011- 1029/2018 8,500.000 8319,018 98.01 8.331,190 16/152019 2.74%
JPMO chase 1.88% 1109201] 51903]5 5100375 100.90 51003]5 fl1592O19 1.98%
Union SGte Bank ON% 12/052018 245000 245,00 100.00 NSOW 121552019 0.98%L ac Texas Bak 2.20% 1221201] 10,222232 10222.232 100.90 10222232 1220209 2.20%
Leac Texas Bank 2.20% 01/012010 7652.375 7652,375 100.00 7852,375 010&2020 373 2.20%
E,St West Bank 2.21% 01282018 1029099D 10207.990 100601 1020799D M28200 1 391 2.21%
FFCB 2.0]% AawmMA OM=018 10090000 9972,684 99.55 9,955,264 014202D 410 2.32%
JPMaqpanChase 2.04% 0321-no 18 sOW000 6000090 100.OD 5.00000D 0321200 446 2.56%
Inde anentBank 2.62% 04/092018 13,171.30 1317130 100.0D 15171327 04092010 465 2.62%
R Bank 2.85% 01142010 2,026.941 2028941 10.00 2,028,94105114202D 500 2.85%
L ac Texas Bank 275% 05/15/2018 7 113,646 7113.848 100 00 7,113,U6 05/15202D 501 2]5%
Inde ndent Bank 2.70% 05/162010 5,048.2% 5068288 100M 5068,256 GSIIM020 502 270%
Indo anent Bank 2.95% 06202018 5,074.225 5.074,125 10000 5074,225 WIM02D 536 2.95%
IndapeadentUnk 2.95% 07052018 808333 8548.332 10.90 6,548,332 07MMO20 554 2.85%
FFCB 2.0% Aaa/M.1AM OMI2018 1eOWOOD 9994.983 100.31 10.01385 0424/2020 602 2.71%
FHLB 1 2.86% 1 MWAA./- 10022018 6,00,000 5,999.331 100.63 8037935 1001512020 SM 2.87%
i- ac Tens Bank 395% 1 1111520185,042531 5.012.534 1000 501250 11016/2020 686 305%
LaaacyTens Bank 3.05% 1 110720185,000,000 190.04 5,000,000 12/572020 707 3.05%
Sub TaW IAaeroe 1.9TA I 7,360430 911.0 03 fi6)1 ns 2.11%
Page 7.
Valley View Consulhng,L.L.C.
Holdings by Allocation and Portfolio (Fund) December 31, 2018
coupon Battlement FaavA .W Market Dapio YTM�
In.... Ran, LrWNRating Data sm. Bent Value vnab
Wrint Value W.nty Onto da. Book
Fund 170-Inh nal&sinkirp GO Bonds
TexaaeNLY 2.32% APAm 041302016 2476, 05 2Q8905 100.00 24]6805 N/A 1 2.32%
Ne%Bark 2.85% 022]801] I 25.555 25555 IN 00 25555 N/A 1 2.65%
TexPod 2.29% AMm 09/308015 2.244.383 21H,J03 10000 2.2H 383 N/A 1 2.29%
R Bank 2.75% 12882018 1500000 1,500000 100.00 1500000 II 1]] 275%
Bub Total/Amore 2.11X 1 1 624804.1 1 6,246,84113 1 10.001 6,246,11431 N SA1%
Fund 210-biNnat 8 Sinking Dvb38a ce
JPKCaganChase 0.50% 99na2915 4]80 4790 10000 4,]90 N/A t 050%
Sub Total l Awn v O.fiUX 1]80 lad 100.00 1 IT00 I1 0.60%
Fund 400-2018 Band!Fund
TexPod 1 2.29% AMm 11152018 1013.509 1013509 100.00 1019509 NIA 1 2.29%
Wallin Stake Bank 2118% 12212018 3000.0. 3,000.000 100.00 3000000 09238019 266 2]8%
R Bank 283% 1y262018 30000. ]0.000 1..00 3C.000 09242019 .1 283%
Sub Total/Amore Wn I I I 7.013.541 I 7,013609 I 1NA0 1 7013608 1 1 2231 2A3X
Fund 164-Band Fund
TexPod 1 2.29% A nn 09/3W2.5 63070 630]0 10000 63.0)0 WA 1 239%
N.Bank 2.85% 11892.8 1.538945 1538.915 100,00 15369/5 WA 1 2.65%
East Wert Berk 2AS% 644192.8 50]9826 5079620 10000 50]8628 016492018 8 2.18%
Inde en4aWBank 2]0% 071b12.8 8042043 1 100.00 I 6,042.01) 004102018 109 2110%
East West Benk 2.66% 12/0]2018 5.009,004 SON 804 100.00 0041.804 11642018 343 2.08%
Sub ToadlAwra v 2A1% 1T]33 81 17,733,4891 100.00 1 1]]33489 1164 3A1%
Fund 162-2017 Bond Fund
T6xP.1 229% AMM OSMMO8 ] 922,352 898,352 1..00 898WOMIU0192
1 239%
L ac Texea Bank 1.85% N8120P 1025,415 1,025.065 100.00 102519 81 1.65%
L e Texea Bank 1.]O% 4121201] 1025833 1.025833 141.00 102519 1]5 170%
East Wad Bank 2.36% .21/2018 3056469 ].2'.1 141.00 3,05619 281 2.38%East West Bank 2.86% 12.]12018 1.502,911 1502841 100.00 15. 18 ]13 2.68%R Benk 2..% 1MW2018 2.000,000 2,.0000 10000 20. 18 360 241%Sub Total/Avere a 2.WX 9608640 B BBN 100.00 8008213 2.
Fund 591-R....Fund
Green Bank 1 2.37% i 1 08ro912018 826 732 826.]90 100.00 826 732 WA 12.37%
Tax nbl 2.20% A nn .1111 01 5 0489 8189 100.00 0408 WA 1 2.29%
Sub Toad l Awra v I 2ZM I 1 1 835720 1 836,2201 10800 1 836220 I 1 1 3.3]%
Fund 602-bdervat 8 sinking Revenue Bonds
Ta%Paa1 1 228% 1 MAM MW2015 i 3,889.335 3989335 1 100.00 3,909335 WA 1 2.28%
Easl Weat Benk 2.73% 12/008018 3.5x,550 i 3506550 i 10000 35.550 08/0]2018 150 273%
Sub Total l Am. 2.18% 1 1 1 ]196 61 WAS 1 7A911,385 1 1 74 3.49%
Fund 640-Drainage Wily Rvwnuv Bond
Southside Bank 1.88% 014182018 1521191 1521191 100.00 1.521.191 01/084018 0 1.BB%
R Bank 2.83% 05/412010 3000,038 3040,038 10000 3000038 05/14/2019 1J4 263%
Sub Total l Awra v 2A0% 1 1 1 4641 4581229 1 100.00 1 4,561228 1 AB%
Tatal/Awra 2.06X 1 1 1$ U7,241,1109 I 328 06841 1 99.90 326906197 1 2611 2.18%
Page a.
Valley View Consulting,L.L.C.
Book Value Comparison December 31, 2018
Coupon SeAdeaent Beginning Book Total=1 TobI3eIW EMing Book LMn9e in Seek
IssuerRab Dxa Maturity Dale Value Increaxa Dxrxan Valw Value
Fund 000-Pool"InexMenb
JPM nCh. WA Onewn15 WA B 0407260 5 8.714.061 a 6,153.270 3 0.96065] 5 561.391
TeaPW WA 09130561015 WA 15,162,336 14850532 64200% 29571832 8422496
TexSTAR WA 09130/2015 WA 191179 1,093 195.280 1493
TaxasDAILY WA OW3W2D15 WA 12.545 71 12815 71
NexOank WA 1112&2016 WA 1511.945 197293 1682239 137.293
Green Bank WA O61U92016 WA 41,154 239 41,393 239
R Bank 1.65% 1901201] 101012018 2.024835 2,024,835 2.034635
Southeda Bank 1.32% 010&2011 1&052018 6,099,601 eO9B601 6098601
Wallis Stan Bank 1.28% 01/27IM17 102&2016 4.506,854 4,506854 4,580,854
DFW Ai 0-Txaba Ret 3.12% OW24Wl7 11101/2018 5.006901 5,000,000 50008&
Wallis Stale Bank 1.30% OVIW201] 11115/2018 50118024 5,098,024 5,098.024
Southside Bank 1.15% IMEnTllt6 12/0&2018 5101537 5.10153] 6101537
Lubbech National Bank 105% 01/1112017 01/11/2019 10,211325 3]0]9 1028140/ 9].0]8
GalwYon Texas 621% 011012010 02/0112018 1,24]258 1.231.454 12.805
T=MII TX We 5.00% 112&2016 02/15/2019 705,336 7i8445 8891
L Texas Bank 1.40% 04,1]1811] 02/192019 9712468 40638 8759.107 40,639
C us Chnet,RM 1.81% 03/1M2016 OWDlQOl9 2253967 3251.560 2.401
Lubbock National Bank 1.45% 03101/2017 0101([019 5621196 20594 5611]90 20594
R Bank 1.74% 1WOWN17 0//174,2019 2026198 0906 2,035,104 0.906
Lubbock National Bank 1.50% 04/05/2017 OUDSI2018 6,128,014 5614919 6151863 22949
Inde dent Bank 165% OV01IM17 0510112019 5104152 21228 5125979 21,228
Unon Stora Bank 2.39% OSIM2010 O40W2O19 2000000 2000.000
Taxea AM Univ 1.94% 05101/2017 04152019 2.055 542 2053,298 2.216
L xTexas Bank 2.05% 12122/2017 0W2lQD19 4089301 20,931 4,109,312 20.931
LegacyTexas Bank 1.70% M123/2017 0&24/2019 5,10]488 21 67a 5,129,166 21.678
FHLMC 0,88% 02/200018 07/18/2019 8,096906 9,029 U7 32,482
LexTaaas Bank 170% 0811&2017 OWOW2019 8,148813 34586 0183.400 34586
R Bank 160% gMIM017 0&1&2019 2,038.325 9,260 2045.565 9,260
Lex Texas Bank 1.70% 0612812017 OWN 019 5.03 ON 21616 5.114,625 21.616
La xTexas Bank 2.10% 1121/2017 I OWWNl9 4463561 21,312 1080.013 21.312
JPMor anCMx 1.64% 101012017 IWDDN19 1dWO.WO 232789 14232789 232,789
LubN Naronal Bank 1.65% 1W@@017 1&011119 10,152,485 41022 10194307 41,822
R Bank 1.83% 1010/2017 1&012019 2027562 9,374 2.036.936 8,374
FNMA 0.00% 10111/2017 10108@018 1810406 19 105 22038
REFCORP 0.00% 1012W2018 IWIWN18 8280404 0.319.618 6.319.818
Jphlorg.clukui 1.88% 11/092017 11/09/2018 5.000,000 100375 5,10Q,375 10375
Union Slate Bank 0.99% 110512018 14,042019 245,060 245.000
L xTerae Bank 2.2014 112112017 112&2019 10160360 55,054 1022 232 55.864
L TOxas Bank 2.20% 011OW018 01/0&2020 7610,556 41.020 7,65Z.375141.8200Ext Wes Bank 221% 011262018 01/2&9120 1015130] 58]03 10.20]9903FFCB 2.07% 02/20/2018 OV11/2020 9,%6.555 9.9726649JPM Chase 2.56% 03212010 01212020 5.WOW0 SOWWuIMS dent Benk 2.62% 04/09/2018 041092020 13.&491] 66411 191]132] 11R Bank 285% 051112018 041412020 2011118 14522 2.028,9412L xTeaas Bank 2.75% GSIIW2018 051192020 7065,0% 48550 ].113,&850IMa ndent Bank 2.70% 0511812016 01]812020 5434,027 10258 5068256511M endant Bank 2.95% W2W2018 08/192020 5.03].1]8 3],00 S,W4,ns17MS ndent Benk 2.95% 071052018 0]107202065W,000 48332 851839232FFCB 268% 03292018 NoQ20209,994217 91194.98367FHLB 2.86% 101013018 1&152020 5,989]16 599933131L ac Texas Bank 3.05% fl1182018 111181M205012531 SDUBM103.06% 110]2018 1107/M2D50600& 5WOW006
Su0 Tga8Awn aFund OW-Funded lnaeabnxds 288,811161 0,086,186 40,492,166 03,560,351 8,683,tl0
Page 9.
Valley View Consulting,L.L.C.
Book Value Comparison December 31, 2018
Coupon SeMegent B'iinnbp Book Total Buyal Totd SSI. Ending Book Change in Book
lank., Rate DMR Madura,Biq yalua Incsaan D..*. Value Value
Fund 170-Interesl5 S1.Mn9 GO Bontls
T..P-1 I WA 09/30/21115 WA 1 52,254 1 2192129 22"383 2,192,129
TmasDAILY WA 0 ,N.,16 WA 301018] 14031 M7317 24]6.805 539283
NexBank I WA 2M71201] I WA 1 25,381 1 25.555 171
R Bank 2.75% 12/2&2018 MM2019 1500,000 1.500000I 1,.0,000
Sub TotaSAvenaeFuntl 170-Intanost&Sinkina GO Bonds I I 1 1 3,087,8251 3,700,334 1 51700 1 B 488tl 1 3159.018
Fund 210-Inieent B Makin,Debt Sum"
JPM.ru.n Ch. I WA I OM0/2015 I WA 1 s 51O7501 1790 )50
sub TO have •FUM Z10-Imsmt851nk1n 0441 ServksI I B,w 744 I a,'.. 780
Fund 459-NIB BOM FUM
T.x w I WA I IVISIM18 I WA i 1013.509 1013.9 1013.509
Wallis Sqq Bank 2.J6% i 221/2018 i 0912312019 3000000 3.0000 300,000
R Bank 2.83% 1 122&2018 1 .12420193013000 3..0,.0 ]0.000
Sub To MM. eFuntl 09-.1B Bond Fund 10133091 7,013.5011 7011509
Food 4MW,-BOM Funtl
T..Pod WA 1 0913012015 1 WA 1 352022 1308 1 290.259 63070 200.953
Na.B-1, WA i 11&[912016 i WA i 6.8265 30880 i 1,538,945 4989.320
Ean West Bank 1 2.16% 1 04N&2012 1 0110912019 1 5,052,018 1 2]5)9 5079628 27.579
Inde ndeM Bank 278% 07151018 0]]081019 8,000000 42013 B.DI2.043 QO43
East Wad Bank 1 2.05% 1 12/071018 I IVOM018 5,00,801 5..8,.1 1 5009.804
Sub TogOAwn eFuntl NO-BOM Fund I I 1 1 17.913335 1 5111 135,290,25,1 17,733,489 (179,3461
Fund 441-LO Bond Fund
T..Pod WA I 108112015 I WA 136350 248 135.599 138.350
Sub TotaOAven .Fund 181-CO Bond Fund 138 350 249I 44 44 144
Fund 462-201)Bond Fund
Tav ool N/A 05/3012017 WA 3482,055 18,869 2.602.572 888352 2,583,703
LegacyTaxas Bank 1..% 1 0&231017 1 1v2A1ota 2,046442 5.460 2.045902 2010,442
L ac Targe Bank 1.65% .rz3/309 0.222019 1,020,859 4,205 i 1025.5 4,205
L ac Tette Bank 1.)O% .rz31201] 08?Arz.9 1017 488 4.336
1025833 4.33n
Fad Wag Bank 2.38% i 0311/2018 i 0&21/2019 3038189 18.280 3058488 18244
EasI Wad Bank 2.56% 1 1210)1018 I 12/.1019 1502,941 1,502,901 1502911
R Bank 2.BMA I IMM018 I 12/26/2019 2000,000 2,000,0002,000,000
Sub TMUM. eFuntl 482-2017 S.d Fund I 1 10803044 1544044 1 4648 74 85058. 1
Fund 691-R.nrvn Fund
!a oil
NIA 0913012015 WA 8,442 47 8409 47
Green Bank WA 081.1016 WA 821,959 4.]]1 826]30 4.731
Sub TotaUM.. eFuntl 591-R....Funtl 330401 1818 8 2N1 1 4,515
Fund W2-Interest B Said,RBnnue Bonds
Texpool WA 1 M012015 WA 1,085,614 3634221 730,.0 3989335 2.3)21
End WaM Bank 2]3% 1v071201a OBI07rz019 35.550 95.550 3.5.550
Sub TOggAvenie Fund 602-Indernat&Sinking Revenue Bonds 1,085,514 1 1140771 1 700500 1 8102)1
Fund BW-Drainage Utility Revenue Bond
N Bank 1 WA 07]3012017 WA2620
10262 126,212 126020
SoNhade Bank 1.a8% Ot/052018 011.rz.8 151401) J1]4 1521191 ),1)4
R Bank 283% 1 0&142018I 0&142019 1 3.985220.065 3,0007338 20085
Sub TogyAwra eFund443.Oral.. OUBi Revenue Bend 4,868890 2]01 126.282 4.561 IN 9871
Toth lAw
$ 3.166286 73613 93 1 51872,337 $ 326,906980 1S 21740448
Page 10,
Valley View Consulting,L.L.C.
Market Value Comparison December 31,2018
Coupon Swankest Beginning Markel Total Buys/ TOMI Sall Ending Madrid CFangelnilarket
Issuer Rata Oat.
Maturity Dale VMa IMreasa Decreases Value Value
Fund 000-Pales lnewerians
JpMordan COase NIA 09MW2015 WA S 8407266 $ 8714881 $ 8153270 3 8.968,657 S
TeNod N/A 0MWM15 WA 15152336 1/05,532 8428033 23.574.832
TezSTAR WA 09/30/2015 WA 184173 1,093 195,266
Tekai WA 08/ WM15 WA 12,545 71 12,615
Nekdank WA 11,19/2016 WA IW,W 137293 1,682,239
Green Bank WA 0810912016 WA 41154 239 41,393
R Bank 1.65% 1MV2017 1WDMD18 2,024,835 2,026,835
Soutbeide Bank 1.32% Wei I MW2018 8099601 6088601
Wallis Slate Bank 1.28% 01WI2017 IWM2018 4,583854 4,586,851
DFW Ai a-Tuable For 3.12% OW412017 11)01/2018 5002250 5.000.000 2250
Wallis&Me Bank 1.90% 01112017 1111512018 5,090,024 5,098.024
Southold.Bank 1.15% 12/0812016 12/062018 5101537 5101 53]
Lutaoi National Bank 1.45% (Vi1/201] 01/112019 10.244.325 3],0]0 10,281,404
Corrosion Tena 631% 01/0812018 02/01rz019 1245.424 1,233481 11949
Turning TX CO's 500% 11/2WMIB 0,15/2019 783866 ]]]9]8 5001
LeganyT.Bank 160% 011712017 001MO19 9712460 413,639 8]5310]
Corpus Chnsti-Ref 1.81% 0311412016 01012019 2,243,610 2,247,120 3,510
Lubbock National Bank 1.45% 0340112017 01012019 5,621,196 2,584 5.641]90
R Bank 1.74% 10A)MIU] 04MM019 2.026.190 0906 2035104
Lubbock National Bank 1.50% 0W052017 04/052119 8.129014 22949 6,151,963
Inkliq,enders Bank 165% 05MI12017 05Mtrz019 5.104.152 21= 5125,379
Union Stns,Balk 2.39% 05/10,2018 Owmao19 2,000,000 200000,
Taves ABM Univ 1.94% OSMIQO17 05H5/2019 2,042,436 2D43113 6T]
LeganyTirwas Bank 2.D5% 13/22/2017 061214019 4088.381 2,.931 410934
Le,usyTreas Bank 1]0% 06/21201] 06/244019 5,107488 21.878 5129188
FHLMC 0.08% OV2812018 071194019 9,859,218 8805355 48137
Le,acyTewaa Bank 1.70% 08)101201] 081092019 ,146.813 34,506 8,183,400
R Bank 1.80% 00/10/2017 OWlM019 2038325 926D 2,045,555
Le,acyTexua,Bank 1]0% 084812017 081282019 5.093.008 21.616 5,114,625
L a TOW Bank 2.10% IV21/2017 0912 019 4.083.501 21.312 4,084,813
JPMo anchar" 164% IOW2017 1WD02019 1400D00D 232,789 14233789
-.W kNaYowl Bank 1.65% 101OV2017 101%4019 10,152,485 41.822 1010,307
R Bank 1.03% 10MV2017 10,0812019 202]562 9374 2038933
FNMA 080% 1WI112017 101094019 4856221 48,2800 48579
REFCORP 0.00% 1012012010 10,152019 8280404 8331180 50786
JPMo anChase 1.88% 1140912017 IHIM019 5000000 IOD.375 5100,375
Union Sine Bank 0.99% 123,5/2016 12/052019 245,000 245,000
LausesTexas Bank 2.20% 1=12017 12/202019 10,166.368 55,864 10222232
L Teas Bank 2.20% DIIOW2018 011082020 ],61(556 411820 ],652,3]5
Ease Wan Baht 2.21% 01262018 01/2020 10161287 60703 10207990
FFCB 2.07% 022812018 01142020 9,928,043 0955264 28321
JPMo anChaa 256% ,1212018 012W= SOD0000 5,000000
Independent Bank 262% OMOW2010 041092020 13,084,917 M411 191]1.32]
R Bank 2.85% OVIV2018 051142020 1 2016410 14522 2,020,941
Le Texas Bank 2.75% 1 D511512018 051152020 7.065.096 46.550 7,113.646
Inde Ment Bank 270% DLIW2018 MIW2020 5034027 34,259 5008,286
Independent Bak 2.95% 06202018 00,192020 509]1]0 3]04] 5,074.225
Inde ent Bank 3.85% 0])0&2018 0]1%202(1 8500.000 40,332 6,548,332
FFCB 2.88% 0&212018 0124402(1 90,8360 1,031395 55,029
FHLB 15999]18 8,037.935 38896
L Teas Bank 3.05% 1 1111W2010 III IR2020 I 5,012.534 1 5012.534
L as Benk 3.05% 1 12/0]/2018 I ivorru D 5,000.000 5000.000
Sub TnhYAva OFuM 000-Panama lnveatManb 388882 WB 4T 88186 40.483168 2]36066]1 260,651
Page 11.
Valley View Consulting,L.L.C.
Market Value Comparison December 31, 2018
Coupon Settlement Beginning Marko[ Tonl Buyal Total SeIIW Ending Market ChanBaln Market
Issuer Ran DowMatwily Dab value Increaaw Oacreaaw Vales Value
Fund 170-(Merest L Sinking GO Bonds
TePOol WA 0913012015 WA 52.251 2192129 2244,303
T.DAILY WA 041302018 WA 301018] I. 54]31] 2.4]8,905
NexBank WA 022]201] WA 25380 1)1 25555
RBank 1 15% 1 12/262018 1 OW2.19 1.500,000 1500009
Sub TMaVA Fund 170-IMereet B Sinkina GO Bons I I 1 1 3�087,9251 3788334 1 54]31] B2"B"
Fund 210-Innrast6 SI.W.,Debt S.M.
JPMo an Chau I WA I 091302015 1 N/A 5.540 750 4 79
Sub ToUVAvanow Fun 210-IMann B Siniking DaM Senke 8610 Tal 4,790
Fun 488.2018 Sontl Fun
TelPool I WA I 10152018 I WA 1013.509 1013509
Wallis bun Bank 2.]6% 1&21/2010 0912&2419 3000000 3000009
R Bank 2.83% IW262D18 09202019 3000000 3.000,000
Sub TonVAwra 9 Fun 158.2018 Sand Fund 7,013,5091 1 7,013,M
Fun 480-Bord Fund
TeMcd 1 WA 1 092012015 I WA 1 352,0221 13221 2901259 1 63070
NexBank i WA i 11282016 i WA i 6,SOB,265 i 30.880 S.DOO.D00 1,5381945
Fast Waal Bank I 216% I OWOWN10 I D11OW2019 1 5,052.040 1 27,579 1 5,0]9648
hdapendent Bank 1 2.70% 1 09/U512018 I D)10812019 I 8000000 1 02043 0.002013
E.Wen Bank 1 2.88% 1 12/0]2018 I ID(n2018 5,009.800 I I 5099804
Sub TobUAvan .Fund"0-Bond Fund I I 1 1 17912338 1 5.111,021 5AS01M 1 1]]33"9
Fun"1-CO Ban Fund
TePwl WA 1 imi'M15 1 WA i 35350 24916
09136.599
Sub TotnAvara eFuntl"1-CO gene Fun 1N JW 3" 136598
Fun 482-201)Sontl Fund
T.Poo1 NIA 05/302017 WA 1 3402.055 1 18.8691 2.602572 1 098352
L ac Texas Bank 1.60% 0823201] 12/242018 2040."2 5.460 2.0".092
L ac Texas Bank 1.65% M121201] 0122@019 1,020859 4,206 t 025005
L ac Texas Bank 1]0% CB/Y1201] 061242018 1021488 6.338 1025833
Ban West Bank 2.38% 03212018 0921/2019 IO38109 18280 3056"9
Ban Wen Bank 2.89% 1Z0]I201B 12/092019 1502941 1.510.901
R Bank 280% im2 o1B 12262018 2000000 2000,000
Sub TobUAvena•Fund"2-N1T Road Fun I I I I 10.603.0"1 3551090 1 •808 ]4 I 8808680
Fun 5"-R*s9nas Fund
Tawas WA 1 D95215 1 WA 1 a"2 1 47 8489
Green Bank WA C&082016 WA 021958 O.A1 026]30
Sub TolaUAae *Funtl 591-R....Fund BM"1 4NB BM YTO
Fun 802-Interest 6 Smi i,Revenue Sonds
TePon WA *81302015 1 WA 1 10056141 3634221 1 730,500 1 3908]JS
Ead West Bank 2.13% 12/092018 0&0]/2019 3508550 3,506550
Sub Te Avoka,oFuntl 602-IMaran B Sinking R*vwu*Banos 104S.814 11 730500 1 7495886
Fun 88.7,-Oninal Ut lsy Revenue Bond
NexBank 1 NIA 1 09,00.2017 1 WA i 126,0201 2621 126,202
Sadiditle Bank 1..% 0110012018 011002019 1,51401]1 '.1 10 i1521.191
R Bank 1 203% 06/10901 1 01142019 1 3,019,2521 20,085 13040.030
Sub TobUAwra Fund 88.1-Drains s Ullift Revenue Bond i"9" 2]521 148483 •681229
Tobl l Avera . 9""T 1$ 73 9E IS 51,972,337 328906197 15 250551
Page 12.
Valley View Consulting,LIC.
Holdings by Allocation and Portfolio Fund September 30, 2018
Coupon settlement Face Mno..V -1k.1 Dye to
Msux Rate Coedit Retln9 van, Sbnaa Book Value Pau Markt Value ManrHy Dan M: Book
Food GOO-PooIW InwaMents
NexBank 243% 11@92018 6 1520948 8 1544948 10000 3 1.500 WA 1 2A3%
Groep Bank 2411% 05492016 41,154 41154 05.001 41.154 WA 1 2.11%
JPMc en Cbase 052% 091302015 0407266 8407266 1MOD 1 8,407 2M N/A 1 0.52%
TexBTAR 2AD% APA. 09/30.2015 181173 194173 100.00 194 173 WA 1 2.00%
TexPoul 2,M% A rn 09Y102o15 15152.336 15,152,336 1MOD 15.152338 WA 1 200%
Ta.aDAILY 2.03% AMm 091302015 12,645 12555 100.00 12,545 WA 1 2.03%
R Bank 165% 10/022017 2,024,035 2,D24,835 100.00 2.024035 IMVN18 2 1.65%
SoutOcitle Bank 1,324 04/082017 6,099,601 609801 100.00 6099601 105452018 5 1.32%
Mill soak,Bank 1.28% 01WM17 450.BN 4,586,054 1W.OD 4588 ON 102912018 29 1.28%
DFW Ai Trade RM 3.12% A11A+/A+ o3R42017 550000 54M 10.05 502 NO 115412018 32 1.50%
Milks stab Bank 130% 0216/2017 5098024 50954034 1000 5.098,024 11/152018 46 1.30%
Souttoole Bank L15% 125402016 5.101537 5,101537 10.00 510153) 125481018 67 1.15%
Lubbock National Bank 145% 011112017 10244325 1020,325 10.00 15244325 01/11/2019 103 1.45%
GW..n To. 621% Paa/M+/- D14)8/015 1230.000 1247,259 101.25 1245424 0ro12019 124 2.00%
TambelT C01 500% M3/M+F 1=2 16 ]]5000 1 785336 101.14 783 BBB i OZ1512019 138 1.40%
L a Tem Bank 1A0% 0/1]201] R4,103,85041
12468 9712468 100.00 9712488 GVIW2019 142 IAO%
CO sCbnSM1RM 1.01% AW"M 03/142080.000 2.253,07 99.72 2.24361D DWOM019 152 1.37%
Lubbock National Bank 1.45% 03ro1201] 1196 5.821198 10.00 56211% 03ro112019 152 1.45%
R Bank 1.74% 10MV2017 198 2026,198 100.OD 2.026198 04MV2019 184 1]4%
Lubbook Noponal Bank 1.50% 04MW20179.014 6,129,014 100.OD 6,129,014 545452019 187 1,50%
Intle ntlentBank 1.65% 055411201] .152 5104.152 100.0 5104152 05/012019 213 1.65%
Union Sake Ben. 2.39% 05/154201800 20000 10.0 2.000 Can 0554812019 221 2.39%
Texas A&M UnN 1.94% Ma�AAA/AM DSM1120170.000 2055,542 99.83 2,042,436 OMW20N 227 1.0%
ac Texas Bank 205% 1==017 381 4.088.381 t00.OB 4050381 062112019 254 205%
L aoTexas Bank 1.70% 023201) .488 510708 10.00 5107488 0241019 267 1.70%
FHLMC 5.88% MUM+/AAA 022820180000 98090 95.59 9859218 07/192019 292 2.19%
L ac Texas Bank 1.70% 08/10201] 8813 8,148,813 1000D 8.148813 OSM912019 313 VO%
R Bank 1.80% 08110/251] %325 3038,325 100900 2038325 OB/1W2019 314 1.00%
ec Texas Bank 1.70% 0828201] 93008 5093.08 100.00 5.093,00 OMM019 332 1)0%
Le xTxes Bank 2.10% 122120173501 4.063.501 1 100.00 t 403.501 0202019 355 210%
JPMo anCbase 164% 1MMO17 14,00000 1400000 100.00 140000 1MV209 3671 164%
Wlkok Nabonal Bank 1.65% 100/2517 15,152.455 10152.485 15500 10,152,405 1MV2019 367 1.65%
R Bank 1.83% 10022011 2,D2)562 2.02).502 100.0 3027,562 1MV2019 38] 1.83%
FNM 0.0% -/M/AA- 10/11201] 500000 491040 9].12 /858221 10MO12019 374 1.79%
JPM anCbase 198% 11548201] 5,00000 50000 10000 5.000D 11/091209 405 1,90%
Union Bbh Bank 0.99% 125452016 245,000 24500 100.00 24500 12/062019 431 0.98%
L to Texas Bank 2.20% 12/211201) 10,188380 10168.368 100.00 10166368 124o2D19 446 2.20%
L to Texea Bank 2.20% 015452018 7610556 ]610,558 100.00 7610,556 01548/200 465 220%
East West Bank 221% 01/202018 10,151287 10151287 100M 10151287 D1 8 020 483 2.21%
FFCB 207% Ma/M+/AAA 0282018 1000000 9966.555 99.28 9926043 OVI4 0 502 2.32%
JP anCbase 2.56% 03212018 5.00000 5000,000 105.0 5.000,00 0321200 538 2.N%
Intle Ment Bank 2.82% 045492018 13,0/917 1300499 100.0 1305491] NMWM20 55) 2.62%
R Bank 2.85% 05/14/2018 2.014.410 2014.418 100.0 2014418 DSIIVM20 592 2.85%
L ac Teua Beek 2.75% 00152018 ]050% 1005098 100.0 705085 05/1512020 593 2.75%
Independent Bank 270% 05/162018 5,034.027 5.020,027 100.on 50402] 05/162020 594 2.70%
IMe Ment Bank 2.95% 0812D2518 5031118 5091)8 10.00 503]1]8 01192020 628 295%
IMe ntlenl Bank 2.95% 0]/052018 6,50000 6,500000 1000 6.00000 054]200 545 295%
FFCB 2.68% AxIM+IM4 08292018 10,00.0.0 1 9.994,217 1 8976 8..'Na
,06OB242DM 94 8 2]t%
Sub TaMll Asan 1.01% 2671132 33 208 181 20.86 266.662466 316 "3%
Page 13.
Valley View Consulting,L.L.C.
Holdings by Allocation and Portfolio Fund September 30, 2018
coupon SeNement Faca Amounv banned, Days to rnd @
issuer Rata Credit Ravng Data Spam Book Value F Mk~Val. Mousy Data kMWdry Book
Fund 170-Innes[8 Sinding GO Bonds
TensDAILY 1 2.03% 1 1 04/3012018 1 3010187 301018] 10000 i 3010187 i NIA 1 2.03%
NexBank 2.4]% 0272017 25]80 25989 100.00 23981 WA i 2.43%
TexPodl 2.00% PAAm 09/302015 52.254 52250 10000 52,254 NIA i 2.00%
Sub Tidal l Awn a f 2.03% 1 1 1 S,087,8261 3,087,526 1 100.00 1 3,087,826 1 1 1 2.03%
FUM 210-Intaleat 8 Sinding Not Barvka
JPMo an Cpaae 0.52% 09/30/2015 5540 SSID 100.00 5540 NIA 1 0.52%
Bob Total l Awn a 0.62% 6640 6ti10 100.00 Bleats I 1 1 0.62%
Fund 460-Bond Fund
TexPwl 2.00% 1 9W M2915 352.022 352,022 100.00 352022 N/A 1 200%
NexBank 2.43% 11&92018 8508285 8508,285 100.00 6508285 WA t 243%
East Weal Bank 2.18% OONBM010 50520001 5052.048 10000 5.052,048 1 01/09&018 101 2.16%
Indo enaenteank 2.78% 1 1 07105@010 1 600,0001 6000000 I 10500 8000000 WM02019 1 281 278%
Sub TetallAw • 1 2.46% 1 1 1 17.9133&1 0,912,336 1 10.0 1> 123H I 1 12.1 s..% '
Fund 461-00 Bond Fund
TexPwl 2.00% i 1 10/312015 1 136,350 1 13630 00.00 138350 WA 1 200%
Sub Tafal l A 28014 136 30 1355M 100.0 12820 1 11 20%
Fund 462-3017 Bond Fund
Te%Pod 2.00% 1 1 ow=017 3482055 3182055 10.00 3082055 WA 1 200%
L a Teras Bank 180% 08&3201] 2,040H2 2.045H2 10.00 2.O H2 11Y142018 85 1.60%
LagaCkTaXAS Bank 1.85% 0623/201) tOM 85911 03@'12018 173 1.65%
Lea Texea Bank 1 172% 1 1 0WM21) 1 021098 1021498 100.00 1021498 08/24&019 261 1]0%
East West Bank 238% OSAM 3 3038189 3, 3a'latl 1000 I 3038188 I 3oal 238%
SubTatidlAwanni. 1 1.17% 1 1 1 10,603.0,11,111 10600N 1 10.0 1 10,603.044 1 1 1611 1.97%
Fund 591-Rasalws Fund
Green Bank 2.11% 1 0&092018 021,959 821959 100.00 821958 N/A t 2.11%
TexPcd 2.00% AANn 08/302015 8402 0,442 100.00 BIQ WA t 2A0%
Sub TotallAwn a 1 2.11% 1 1 BMI101 1 830401 1 100.00 1 0.10 1 1 11 21114
Fund 602-Intone•[6 Shin,Moved bonds
TexPml 2o0% i Vue 09130M011 1085614 i 1085.814 10000 1085,614 NIA 1
Sub Total l Awns 2A0% 1 814 1086 N/ 10.0 10Bfi 81/ 1 200%
Fund 863-Oraina9•Way Raven.Bond
NexBank 2A3% 0)20201] 128020 128020 100.00 126020 WA 1 2.43%
Sou. do
Bank 188% 01b82018 1,51/01] ,$1401] 10000 151401] 01/082019 100 1.88%
R Benk 263% 08/14&018 3019952 9019952 100 oe 3,019952 08/14&018 228 283%
Sub Tki l Awn a 2.38% 166890 0,659,990 100,00 4,668,00 1]9 2.38%
w
Total l A 1.95% 6 306363122 I 6 305,165,286 1 99.88 16 30/983667 1292 1.9]%
Page 14.
Valley View Consulting,L.L.C.