27 February 2007 - Ordinary Meeting of Council (pdf. 14MB)

Ordinary Meeting of Council - 27 February 2007 4 / 4
Item 4
S02722
13 February 2007
Investment
Rating
Invested at
31-Jan-07
$000's
Period
Return (%)
YTD Return
(%)
% of Total
Invested
Issuer
Investment Name
Macquarie Bank
Macquarie Income Plus
A 11,626 6.75 6.61 24.83
Select Access Investments Titanium AAA AAA 2,000 7.39 7.15 4.27
Deutsche Bank Deutsche Income A 11,783 7.52 6.63 25.16
Perpetual
Perpetual Credit Income
A 4,822 7.02 6.58 10.30
Bankers Trust BT IMC AAA 320 6.82 6.30 0.68
Bendigo Bank
Turramurra Community
Bank BBB 559 6.52 6.19 1.19
Adelaide Bank AAA SAVER AAA 6,350 6.61 6.56 13.56
CBA/Helix Capital Jersey Oasis Portfolio Note AAA 2,000 8.24 7.64 4.27
Longreach/Rabobank Longreach CPWF AAA 3,290 45.56 39.44 7.03
ABN AMRO/Rembrandt
Australia
SURF CPDO
AAA 2,016 8.39 8.31 4.31
NSW Treasury Corp KRGC Tcorp MTGF UNRATED 2,064 11.06 11.21 4.41
TOTALS/WEIGHTED AVERAGES 46,830 9.77 8.62 100
Matured/Traded Investments - Weighted YTD Average Return (%) 5.81
Weighted Average Overall Return Year To Date (%) 8.52
Benchmark Return: UBSWA Bank Bill Index(%) 6.32
Variance From Benchmark (%) 2.20
Comments on Individual Investment Performance
Longreach/Rabobank: This investment is in property, infrastructure and utilities and was made on
29 September 2006. The unit price has improved by 9.66% since inception with an increase of
3.08% over the month of January. As this investment has been in existence for less than 1 year,
returns when annualised can appear to exaggerate performance. It should be noted that the actual
return for the fund is 9.66% which is within the Fund Manager’s expectation to have a target range
of 8% to 10% pa over the life of the investment.
Treasury Corporation: The investment in the medium term growth fund was made in October 2006.
This is a fund managed by the NSW Treasury Corporation which invests in a range of Australian
shares 12.5%, international shares 12.5% and bonds and cash 75%. Shares performed very well in
January driving the good result of 11.21% annualised on this investment.
Council’s funds during January were allocated as follows:-
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