Investment Report - Amazon S3...Jun 30, 2019 · Investment Report June 30, 2019 Andrew Jackson Building Third Floor 502 Deaderick Street Nashville, Tennessee 37243 - (615) 815-2200

Investment Report

June 30, 2019

Andrew Jackson Building Third Floor 502 Deaderick Street

Nashville, Tennessee 37243

www.THDA.org - (615) 815-2200 - Toll Free: 800-228-THDA

TENNESSEE HOUSING DEVELOPMENT AGENCY QUARTERLY INVESTMENT REPORT

TABLE OF CONTENTS Page 3 THDA Investment Policy Page 14 Overall Portfolio Information – Executive Summary Page 16 General Fund

(The sections for the various funds are organized as follows): A. Description of Fund and Investment Objectives B. Current and Recent Fund Data C. Portfolio Listing (Inventory) (By Resolution)

1. Investments by Issuer 2. Sorted by Investment Type

D. Yield Calculations – Current Quarter & Historical E. Quarterly Transactions Listing (By Resolution)

1. Purchases Report – sorted by Source 2. Sales Report – sorted by Source 3. Maturity Report – sorted by Maturity Date

Page 25 Loan Funds Page 37 Float/Equity Funds Page 70 Reserve Funds Page 97 Arbitrage

Tennessee Housing Development Agency Investment Policy, Revised and Restated (Rev. 09/2018) Page 1 of 11

TENNESSEE HOUSING DEVELOPMENT AGENCY

INVESTMENT POLICY REVISED AND RESTATED


Table of Contents I. Definitions ............................................................................................................................. 3 II. Overview and Authority ........................................................................................................ 4 A. Introduction ............................................................................................................ 4 B. Authority ................................................................................................................. 5 C. Delegation Authority ............................................................................................... 5 D. Scope ....................................................................................................................... 5

III. Objective ................................................................................................................................ 5 IV. Roles and Responsibilities .................................................................................................... 6 A. Board of Directors ................................................................................................... 6 B. State Treasurer ....................................................................................................... 6 C. Executive Director ................................................................................................... 6 D. Investment Staff ...................................................................................................... 7

V. Governing Principles ............................................................................................................. 7 A. Preservation of Principal and Liquidity ................................................................... 7 B. Benchmark .............................................................................................................. 8 C. Permitted Investment Instruments and Investment Activities .............................. 8 D. Use of Demand Features or Guarantees ................................................................ 8

VI. Additional Investment Criteria ............................................................................................. 8 A. Maturity .................................................................................................................. 8 B. Quality ..................................................................................................................... 9 C. Diversification ....................................................................................................... 10

VII. Risk Management and Monitoring ..................................................................................... 10 A. Safekeeping and Custody ...................................................................................... 10 B. Liquidity Management and Stress Testing ............................................................ 10 C. Trading, Brokerage and Research ......................................................................... 10 D. Policies, Procedures and Controls ........................................................................ 11

VIII. Reporting ............................................................................................................................. 11 A. Quarterly ............................................................................................................... 11 B. Annual ................................................................................................................... 11 C. Periodic ................................................................................................................. 11

IX. Other Considerations .......................................................................................................... 11 X. Approval and Adoption ....................................................................................................... 11


I. Definitions The following definitions are used hereafter with respect to and for purposes of this Investment Policy: Board of Directors – Board of Directors for THDA. Certificate of Deposit – As defined by and in accordance with T.C.A., Section 9‐4‐602. Comparable Quality – A security or investment that 1) presents minimal credit risk, 2) is denominated in United States Dollars (USD), and 3) is determined by the Investment Staff, whereby such determination is made in writing and retained for record retention purposes, to be of comparable quality to securities that have a credit rating within the highest tier of short‐term ratings or its long‐term equivalent. Daily Liquid Assets ‐ The following investment instruments: cash and money market demand deposit accounts that mature within one (1) business day; U.S. Direct Obligation Securities; securities that will mature within one (1) business day; securities subject to a demand feature that is exercisable and payable within one (1) business day; and amounts receivable and due unconditionally within one ( 1) business day on pending sales of securities. Fiduciary Standard ‐ THDA assets not held by the respective trustee under any General Bond Resolution shall be invested and managed in good faith, in the best interest of the citizens of the State, in accordance with this Investment Policy, with the care an ordinarily prudent person in a like position would exercise under similar circumstances. THDA assets held by the respective trustee under any General Bond Resolution shall be invested and managed in good faith, in the best interest of the citizens of the State, in accordance with this Investment Policy, and in accordance with the requirements of the respective General Bond Resolution with the care an ordinarily prudent person in a like position would exercise under similar circumstances. First Tier Quality – A security that 1) presents minimal credit risk, 2) is denominated in United States Dollars (USD), and 3) has an Investment Grade credit rating.

General Bond Resolution – Each bond resolution as may be adopted by the Board of Directors, as outlined in Appendix A which shall be amended, as necessary, by the Executive Director. Investment Grade – A credit rating within the highest tier of short‐term ratings or its long‐term

equivalent (e.g., P‐1, A‐1, F1) by a NRSRO. Rating modifiers (+, ‐) will not be considered when determining the tier. If rated by two NRSROs and the ratings conflict, the lower tier applies. If rated by more than two (> 2) NRSROs, the highest ratings determined by at least two (≥ 2) NRSROs applies. The Board of Directors has determined that U.S. Direct Obligation Securities, U.S. Agency Securities and U.S. Instrumentality Securities to be of Comparable Quality that have been rated within the highest category of credit ratings and are deemed to be rated Investment Grade. Investment Staff – Any State of Tennessee Department of Treasury employee (“Treasury Investment Staff”) and, if applicable, any THDA employee (“THDA Investment Staff”) involved in the investment management of THDA assets.


Money Market Demand Accounts ‐ As defined by and in accordance with T.C.A., Section 9‐4‐602. Nationally Recognized Statistical Rating Organization (“NRSRO”) ‐ Any credit rating agency that is registered with the Securities and Exchange Commission (“SEC”) as such. For the avoidance of doubt, a NRSRO includes “commercial paper rating services.” Prime Banker’s Acceptance ‐ As defined by and in accordance with T.C.A., Section 9‐4‐602. Prime Commercial Paper ‐ As defined by and in accordance with T.C.A., Section 9‐4‐602. Repurchase Agreement – As defined by and in accordance with T.C.A., Section 9‐4‐602. State – State of Tennessee. State Treasurer – The treasurer of the State of Tennessee. T.C.A. – Tennessee Code Annotated. THDA ‐ The Tennessee Housing Development Agency. U.S. Agency Securities – Debt obligations guaranteed as to principal and interest by any agency of the United States. U.S. Direct Obligation Securities – bonds, notes and treasury bills of the United States or other debt obligations guaranteed as to principal and interest by the United States. U.S. Government Securities – U.S. Direct Obligation Securities, U.S. Agency Securities and U.S. Instrumentality Securities. U.S. Instrumentality Securities – Debt obligations guaranteed as to principal and interest by any United States government‐sponsored corporation. For the avoidance of doubt, “government‐sponsored corporation” includes any United States government‐sponsored enterprises (“GSEs”) and any instrumentality with the express or implied backing of the United States government.

II. Overview and Authority A. Introduction

THDA, a political subdivision and instrumentality of the State, was established to serve a public purpose and improve and otherwise promote the health, welfare, and prosperity of the citizens of the State. THDA was created to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the State, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units.


B. Authority The Board of Directors is responsible for carrying out the powers given to THDA under State law, including, but not limited to, establishing the Investment Policy for THDA assets and electing or appointing an Executive Director. The Executive Director administers, manages and directs the affairs and business of THDA subject to the policies, control and direction of the Board of Directors. Pursuant to T.C.A., Section 13‐23‐112, the State Treasurer is the custodian of the assets of THDA except for those assets required by contracts with bondholders or noteholders to be in the custody of the respective bond or note trustee. Furthermore, the State Treasurer is responsible for making investments in accordance with the Investment Policy established by the Board of Directors.

C. Delegation Authority Pursuant to T.C.A. Section 13‐23‐112(f), the State Treasurer may delegate all or a portion of his/her custodial and/or investment duties and responsibilities to the Executive Director. Furthermore, in making investments in accordance with this Investment Policy, the State Treasurer and, if applicable, the Executive Director are authorized to delegate all or a portion of his/her custodial and/or investment duties and responsibilities to Treasury Investment Staff and THDA Investment Staff, respectively. Therefore, references herein to the State Treasurer and/or Executive Director may apply to his/her designee(s). The State Treasurer and, if applicable, Executive Director shall periodically review the actions taken by delegees in order to monitor performance and compliance with the terms of the delegation.

D. Scope The Investment Policy is binding on all persons and entities with authority over THDA assets.

III. Objective The purpose of this Investment Policy is to support the governing principles specified in Section V of this Investment Policy by:

Outlining the distinct roles and responsibilities of the Board of Directors, State Treasurer, Executive Director, and Investment Staff;

Electing the method of measuring securities and investments for financial reporting purposes;

Setting forth the additional investment criteria, which the Board of Directors determines to be prudent in consideration of the purposes, terms, General Bond Resolution payment and distribution requirements and other circumstances of THDA, in accordance with the Fiduciary Standard.;

Communicating the Investment Policy, as approved by the Board of Directors; and


Functioning as a supervisory tool, guiding the ongoing oversight of investment of THDA assets.

IV. Roles and Responsibilities In addition to the duties and responsibilities described herein, additional duties and responsibilities may exist. All persons and entities with authority over THDA assets are ultimately responsible for compliance with all applicable obligations.

A. Board of Directors

1) Adopt an Investment Policy, which the Board of Directors determines to be prudent in consideration of the purposes, terms, General Bond Resolution payment and distribution requirements and other circumstances of THDA, in accordance with the Fiduciary Standard;

2) Evaluate the investment performance of THDA assets through reports supplied by the State Treasurer; and

3) Periodically review the actions taken by delegees in order to monitor performance and compliance with the terms of the delegation.

B. State Treasurer

1) Implement the Investment Policy, as approved by the Board of Directors; 2) Operate with a duty of undivided loyalty, investing and managing THDA assets solely

in accordance with the Fiduciary Standard and this Investment Policy; 3) Delegate investment, administrative and management functions that a prudent

person of comparable skills would properly delegate under the circumstances; 4) Evaluate and, as applicable, approve the investment‐related processes employed and

procedures established by delegees, service providers and Investment Staff; 5) Evaluate the investment performance of THDA assets through reports supplied by

delegees, service providers and Investment Staff; 6) Monitor THDA compliance with this Investment Policy; and 7) Take actions that are deemed essential to protect THDA assets, the interests of the

citizens of the State, and the interest of bondholders or noteholders as may be required under each respective General Bond Resolution.

C. Executive Director

1) Assume executive responsibility and authority, if so delegated by the State Treasurer, for the ongoing evaluation and management of the THDA assets, ensuring compliance with the Investment Policy and such other investment‐related laws, rules and regulations, policies, procedures, internal controls, and requirements of any respective General Bond Resolutions that may apply;

2) Operate with a duty of undivided loyalty, investing and managing THDA assets, if so delegated by the State Treasurer, solely in accordance with the Fiduciary Standard and this Investment Policy;

3) Hire, fire and otherwise effectively manage and supervise THDA Investment Staff;


4) Delegate investment and management functions to THDA Investment Staff that a prudent person of comparable skills would properly delegate under the circumstances;

5) Review and, as applicable, approve the use of custodians, trustees, and other service providers;

6) Consult with the State Treasurer on investment‐related administrative, organizational and related activities and provide reports as may be requested by the State Treasurer;

7) Collaborate, as applicable, with the State Treasurer and Investment Staff on the development and implementation of appropriate investment strategies, policies, procedures and internal controls;

8) Prepare and submit reports, as required, to document investment activities; and 9) Notify the State Treasurer of investment‐related situations that merit his/her

attention.

D. Investment Staff

1) Assume fiduciary responsibility and authority, as delegated, for the Investment Staff member’s role in the ongoing evaluation, administration and management of THDA assets;

2) Utilize special skills and expertise in an effort to meet the requirements of the Investment Policy;

3) Operate with a duty of undivided loyalty, investing, administering and managing THDA assets in accordance with the Fiduciary Standard and this Investment Policy;

4) Source and evaluate prospective investments on an as‐needed basis; 5) Assist the State Treasurer with respect to any matters related to THDA assets; 6) Prepare and submit reports, as required, to document investment activities; and 7) Notify the State Treasurer, of situations that merit his/her attention.

V. Governing Principles The Board of Directors has adopted, in good faith, in the best interest of the citizens of Tennessee and the interest of bondholders or noteholders as may be required under each respective General Bond Resolution, that the following governing principles for the oversight of THDA assets:

A. Preservation of Principal and Liquidity Investment and reinvestment of THDA assets shall be designed to be consistent with preservation of principal. The THDA shall hold liquid assets sufficient to meet reasonably foreseeable General Bond Resolution payment and distribution requirements, as may be required under each respective General Bond Resolution, and to meet THDA operating requirements.


B. Benchmark The one‐year, two‐year and three‐year U.S. Treasury Constant Maturity Rate as published by the United States Federal Reserve Board of Governors shall be the established benchmarks for evaluating THDA investment performance.

C. Permitted Investment Instruments and Investment Activities In accordance with T.C.A. Sections 13‐23‐01 et seq., as amended, permitted investments and investment activities for THDA assets that are not held by the respective trustee under any General Bond Resolution shall include only those authorized for state funds pursuant to T.C.A. Section 9‐4‐602 and investment in the State Pooled Investment Fund established pursuant to T.C.A. Section 9‐4‐603, unless such investments or investment activities are further restricted in some manner by this Investment Policy. Permitted investments and investment activities for THDA assets held by the respective trustee under any General Bond Resolution shall include only those authorized under the respective General Bond Resolution unless such investments or investment activities are further restricted in some manner by this Investment Policy or by state law.

D. Use of Demand Features or Guarantees If a security, underlying collateral, or other investment is subject to a guarantee or demand

feature and the guarantee or demand feature is not being relied upon, the guarantee or demand feature shall be disregarded for the purposes of calculating maturity, quality, diversification or liquidity.

VI. Additional Investment Criteria The Board of Directors hereby imposes the following investment restrictions, which the Board of Directors determines to be prudent in consideration of the purposes, terms, General Bond Resolution payment and distribution requirements and other circumstances of THDA, in accordance with the Fiduciary Standard. The disqualification of an investment under one section of this Investment Policy does not prevent its qualification in whole or in part under another section.

A. Maturity A minimum of five percent (≥ 5%) of the daily fair market value of THDA total investments must mature within five years. No more than fifty percent (≤ 50%) of the daily fair market value of THDA total investments shall have a maturity of greater than fifteen (> 15) years without the approval of the Bond Finance Committee of the Board of Directors. All of the investment maturities shall be laddered to avoid maturity concentration.


B. Quality The quality of the following securities shall be evaluated in terms of the minimum quality criteria listed:

Security Type Minimum Quality Criteria

U.S. Direct Obligation Securities, U.S. Agency Securities or U.S. Instrumentality Securities

First Tier.

Repurchase Agreement A counter‐party, or its parent, shall have an Investment Grade credit rating, be a primary dealer as defined by the Federal Reserve Bank of New York, or be of Comparable Quality.

The underlying collateral is limited to First Tier U.S. Direct

Obligation Securities, U.S. Agency Securities or U.S. Instrumentality Securities. The fair value of the underlying collateral shall be at least equal to the resale price provided in the Repurchase or Reverse Repurchase Agreement.

Certificates of Deposit and Money Market Demand accounts

A depository institution shall be a state depository pursuant to T.C.A. §9‐4‐107 and collateralized in accordance with T.C.A. §9‐4‐403. The underlying collateral is limited to those securities and investments authorized under T.C.A. §9‐4‐103, excluding surety bonds.

Prime Commercial Paper First Tier, but the security shall have an Investment Grade credit

rating by at least two (≥ 2) NRSROs and the issuer shall be

approved in writing by the State Treasurer.

Prime Banker’s Acceptances

First Tier, the security or issuer shall have an Investment Grade

credit rating, and the security shall be eligible for purchase by the

federal reserve system.


C. Diversification

Less than five percent (< 5%) of THDA assets shall be in investments of any one issuer of securities.

The diversification limitations listed above shall not apply to or include U.S. Government Securities and Certificates of Deposit and Money Market Demand Accounts.

Additionally, THDA assets shall not be invested in more than:

two hundred fifty million dollars (≤ $250,000,000) of prime commercial paper issued by any one issuer, excluding prime commercial paper that matures on the next business day; and

twenty‐five million dollars (≤ $25,000,000) of prime banker’s acceptances issued by any one issuer.

Furthermore, the total fair market value of securities on loan under any securities lending

agreement shall not exceed fifty percent (< 50%) of the fair market value of THDA assets on any

day.

VII. Risk Management and Monitoring

A. Safekeeping and Custody To mitigate custodial credit risk, THDA assets under each respective General Bond Resolution shall be held by the respective bond or note trustee. Other THDA assets shall be held by the State Treasurer at a custodial bank, savings and loan association, trust company or the Federal Reserve Bank, as approved by the State Treasurer.

B. Liquidity Management and Stress Testing In order to ensure sufficient operational liquidity, THDA shall maintain a minimum of twenty‐five one‐hundredths of a percent (≥ 0.25%) daily fair market value of THDA total investments in Daily Liquid Assets. The State Treasurer shall cause micro and macro stress testing (e.g. liquidity and market scenarios) to be periodically performed on THDA assets in order to ensure that that appropriate liquidity thresholds have been established for THDA. The results and any recommendations stemming from such testing shall be reported to the State Treasurer.

C. Trading, Brokerage and Research Best execution, cost and benefits that serve the exclusive interest of THDA in accordance with the Fiduciary Standard are the overriding principles in determining the trading and brokerage counterparty to be used in any transaction. Selection of trading and brokerage counterparties shall be subject to the qualifications and processes approved by the State Treasurer.

D. Policies, Procedures and Controls

The State Treasurer shall ensure efficient and effective development and administration of an Investment Policy compliance program that is reasonably designed to prevent, detect and, if necessary, remedy violations of applicable laws, rules, regulations and policies THDA investment and securities activities.

VIII. Reporting

A. Quarterly

After the end of each quarter, the State Treasurer shall electronically submit a detailed, written review of the THDA investment activity to the Board of Directors and the Bond Finance Committee of the Board of Directors.

B. Annual

Within ninety (90) days of the end of the fiscal year, the State Treasurer shall electronically submit a comprehensive THDA investment report to the Board of Directors and the Bond Finance Committee of the Board of Directors. This report shall include, at a minimum, twelve-month

performance returns compared to the Investment Policy benchmarks and any recommendations regarding the Investment Policy and the investment strategy for the ensuing fiscal year.

C. Periodic

The State Treasurer shall provide other investment or investment-related reports as requested by the Board of Directors.

IX. Other Considerations

The Board of Directors hereby authorizes the State Treasurer to provide written interpretive guidance and approve in writing, from time to time, exceptions from the requirements contained within the Investment Policy as deemed to be in accordance with the Fiduciary Standard. Such interpretive guidance or exception shall be reported in writing to the Board of Directors at its next meeting.

X. Approval and Adoption

The Board of Directors approved and adopted this revised and restated Investment Policy of the Tennessee Housing Development Agency at its meeting on the 25th day of September, 2018, and such Investment Policy shall only be changed by subsequent action of the Board of Directors.

Tennessee Housing Development Agency Investment Policy, Revised and Restated (Rev. 09/2018}

Kim Grant Brown, Chairman of the Board of Directors TENNESSEE HOUSING DEVELOPMENT AUTHORITY

Page 11 of 11

EXECUTIVE SUMMARY THDA Finance Team: Trent Ridley, CFO Wayne Beard, Finance Director Joe Brown, Controller July 29, 2019 *Important Transactions during the past quarter:

1) The agency closed $200,000,000 of bonds, Residential Finance Program Issue

2019-1, on June 27, 2019. This financing provided $192,480,000 of proceeds to fund mortgages and $7,520,000 of proceeds to refund Bond Issue 2010-A. The transaction increased the agency’s 0% proceeds pool by $21,530,000. The balance of 0% proceeds at June 30, 2019 was $116,700,000.

2) During the past quarter, $47.41 million in mortgage prepayments were received by the agency. This was approximately a $14.65 million increase from the previous quarter ($32.76 million) and approximately a $4.17 million decrease from the same quarter last year ($51.58 million). Prepayments are currently being used to redeem bonds as frequently as monthly to the extent current investment rates are lower than bond coupon rates.

3) The agency redeemed $56,850,000 million of bonds during the quarter using

mortgage principal collections. $9.435 million of bonds under the 1985 Resolution were redeemed this quarter, leaving approximately $155.45 million in THDA bonds outstanding that carry the moral obligation of the State of Tennessee as of June 30, 2019. Comparatively, total bonds outstanding carrying the moral obligation at June 30, 2018 was $221.46 million.

4) The Federal Reserve target funds remained at 2.25% - 2.50% at the June 19, 2019 meeting of the Federal Open Market Committee (FOMC). Information received since the Committee met in May indicated that the labor market remained strong and economic is rising at a moderate rate. Job gains have been solid, on average, in recent months and unemployment has remained low. Recent indicators point to a pickup in household spending but business fixed investment indicators have been soft. The Committee continues to view sustained expansion of economic activity, strong labor market conditions and inflation near their 2 percent objective as the most likely outcomes but there has been an increase in uncertainties about these outcomes. In light of these uncertainties and muted inflation pressures, the committee will be closely monitoring the implications of forthcoming information and will act appropriately to sustain their objectives.

PORTFOLIO MANAGEMENT SUMMARYPortfolio Management

June 30, 2019

THDAAndrew Jackson Building

502 Deaderick St., Third FloorNashville, TN 37243

(615)815-2020Portfolio Summary

% ofPortfolio

BookValueInvestments

MarketValue

ParValue

Days toMat./CallTerm

YTM/C360 Equiv.

Federal Agency Coupon Securities 164,506,216.07 1,97241.86 2.1931,074164,783,949.68164,210,000.00

Federal Agency Disc. -Amortizing 216,802,774.80 3755.17 2.22717216,804,253.44217,000,000.00

Treasury Coupon Securities 11,644,657.49 2,1252.96 6.07973012,721,188.2811,664,000.00

392,953,648.36 100.00%Investments

394,309,391.40392,874,000.00 909 481 2.327

Current Year

June 301,914,711.82 6,863,675.94

Fiscal Year Ending

Average Daily BalanceEffective Rate of Return

314,394,777.282.44%

Total Earnings Period

__________________________________________________ ____________________Mack W. Beard, Director of Finance

Portfolio THDA

ACData Updated: SET_PM1: 07/22/2019 10:39Reporting period 04/01/2019-06/30/2019

Run Date: 07/22/2019 - 10:39 PM (PRF_PM1) 7.3.0No fiscal year history available

Report Ver. 7.3.6.1

GENERAL FUND DESCRIPTION The General Fund was established under the 1974 Resolution and was funded from earnings above and beyond the debt cost of THDA Bond Issues that were done early in the existence of the agency. On June 30, 2014 the agency moved assets from the 1974 Resolution to the 2013 Resolution to boost the financial strength of the 2013 Resolution. This move involved the aforementioned earnings from the early existence of the agency along with the remaining mortgage balances from the 1994-1 bond issue. The assets in the General Fund can be used for a variety of purposes. Some uses of the General Fund Assets are/have been: 1) Provide funding for special mortgage loan programs 2) Pre-fund mortgage loans pending the closing of a bond issue 3) Grants

THDA QUARTERLY INVESTMENT REPORTGENERAL FUND

June 30, 2019

Historical Fund BalancesAmortized Market Amortized Market

Cost Value Cost Value6/30/15 24,608,583.13 24,601,956.11 N/A N/A6/30/16 22,725,082.09 22,725,133.01 N/A N/A6/30/18 15,452,663.90 15,411,874.97 N/A N/A6/30/19 18,640,227.69 18,643,702.21 N/A N/A

Historical Returns (Yield) Quarter ending Current Fiscal Last 12 Last 246/30/2019 Year Months Months

1974 Resolution 2.337% 2.393% 2.393% 2.250%

Benchmarks:(1) One-year CMT 2.253% 2.283% 2.283% 2.064%(2) Two-year CMT 2.120% 2.323% 2.323% 2.241%(3) Three-year CMT 2.083% 2.326% 2.326% 2.350%

Duration 1974 ResolutionAverage Duration to Maturity (Years) 1.9Average Duration to Call (Years) 1.0

1974 Resolution 1985 ResolutionAsset Allocation Dollar value* Percentage Dollar value* Percentage

Money Market Funds 16,121,921.72 86.49% N/A N/AFederal Agency Coupons 1,785,000.00 9.58% N/A N/AVariable Rate Securities - 0.00% N/A N/ARepurchase Agreements - 0.00% N/A N/ATreasury Coupon Securities - 0.00% N/A N/ADiscount Bonds 733,305.97 3.93% N/A N/A

Total 18,640,227.69 100.00% N/A N/A

*Dollar values are stated as book (amortized cost) value.

1985 Resolution1974 Resolution

GENERAL FUND (6076005447)Investments by Issuer



(615)815-2020

Sorted by FundActive Investments

June 30, 2019

MarketDateMarket Value

RedemptionDateSecurity Type

CurrentRate

CallDate

Days ToMaturity CollateralCUSIP Investment #

InvestmentClass

YTM/CBook Value

Federal Home Loan Bank1,004,590.00285603130A6UY1 9132.000Federal Agency Coupon Securities Fair 12/30/202106/28/2019 2.0001,000,000.00

733,305.9730516313384LF4 641.309Federal Agency Disc. -Amortizing Fair 09/03/20191.350733,305.97

1,737,895.97 1.7251,733,305.97Subtotal and Average 553

Federal Home Loan Mortgage Cor783,884.52295123134GBRW4 09/15/20191,0802.250Federal Agency Coupon Securities Fair 06/15/202206/28/2019 1.500785,000.00

783,884.52 1.500785,000.00Subtotal and Average 1,080

2,521,780.49 1.6552,518,305.97Total and Average 717

Portfolio THDA

ACData Updated: FUNDSNAP: 07/22/2019 10:41Run Date: 07/22/2019 - 10:42 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

General Fund (Summary Reports)Investments by All Types



(615)815-2020

June 30, 2019Active Investments

Par ValueCall

PriceMaturity

DateCurrent

RateCall

DateFundCUSIP Investment # Issuer Book ValuePurchase

Price

Federal Agency Coupon Securities

1,785,000.00Subtotal 1,785,000.00

Federal Agency Disc. -Amortizing

735,000.00Subtotal 733,305.97

2,518,305.972,520,000.00Total

Portfolio THDA

ACData Updated: SET_GFSM: 07/22/2019 10:45Run Date: 07/22/2019 - 10:45 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

General Fund (Summary Reports)Interest Earnings



(615)815-2020Sorted by Fund - FundApril 1, 2019 - June 30, 2019

Yield on Beginning Book Value

MaturityDate

CurrentRate

EndingPar Value

EndingSecurityTypeFund Book Value

BeginningBook Value

Adjusted Interest Earnings

AccretionAmortization

/ EarningsAdjusted InterestAnnualized

YieldCUSIP Investment #InterestEarned

Fund: GENERAL FUND (6076005447)

2,520,000.00Subtotal 2,518,305.97 2.337 58,511.5449,499.329,012.2212,455,864.96

2,520,000.00Total 2,518,305.97 2.337 58,511.5449,499.329,012.2212,455,864.96

Portfolio THDA

ACData Updated: SET_GFSM: 07/22/2019 10:45Run Date: 07/22/2019 - 10:45 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1




(615)815-2020Sorted by Fund - FundJuly 1, 2018 - June 30, 2019


MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value






2,520,000.00Subtotal 2,518,305.97 2.393 116,552.5259,325.6557,226.872,520,000.00

2,520,000.00Total 2,518,305.97 2.393 116,552.5259,325.6557,226.872,520,000.00

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value






2,520,000.00Subtotal 2,518,305.97 2.250 150,256.2859,325.6590,930.631,785,392.50

2,520,000.00Total 2,518,305.97 2.250 150,256.2859,325.6590,930.631,785,392.50

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

GENERAL FUND (6076005447)Purchases Report

Sorted by Fund - FundApril 1, 2019 - June 30, 2019

OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM

Accrued at PurchasePayment Call DateCUSIP Investment # Issuer

PurchaseDate

PrincipalPurchase

Rate atPurchas

GENERAL FUND (6076005447)735,000.00 1.309 09/03/2019 733,305.97732,941.6906/18/2019 1.33109/03 - At MaturityFHLB30516313384LF4 AFDOP0008

Subtotal 733,305.97732,941.69 0.00735,000.00

732,941.69Total Purchases 735,000.00 0.00 733,305.97

Portfolio THDA

ACData Updated: FUNDSNAP: 07/22/2019 10:41Run Date: 07/22/2019 - 10:42 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020

GENERAL FUND (6076005447)Maturity Report

Sorted by Maturity DateAmounts due during April 1, 2019 - June 30, 2019

Rateat MaturityPar Value

Sec.TypeFund

MaturityDate

MaturityProceedsInterest Income

NetCUSIP Investment # Issuer

PurchaseDate

Book Valueat Maturity

720,000.00 2.375 720,000.000.0003/29/2019FNMA30351313588GK5 AFDOP0008 06/03/2019 0.00720,000.00

10,000,000.00 2.375 10,000,000.000.0003/29/2019FNMA30350313588GS8 AFDOP0008 06/10/2019 0.0010,000,000.00

10,720,000.00Total Maturities 10,720,000.00 0.0010,720,000.00 0.00

Portfolio THDA

ACData Updated: FUNDSNAP: 07/22/2019 10:41Run Date: 07/22/2019 - 10:42 MA (PRF_MA) 7.1.1

Report Ver. 7.3.6.1

LOAN FUNDS DESCRIPTION Proceeds from a new bond sale that are earmarked for funding mortgage loans are deposited into the Loan Fund. THDA invests these proceeds from the day of closing (the first day the funds are received) until the funds are needed for mortgage loans. Consideration must be given to the maintenance of liquidity so those funds are available as mortgage loans are funded. A major challenge for THDA in managing the investments in the loan fund is minimizing “negative arbitrage”. This results because the rates that can be earned with a short-term investment instrument are usually less than the cost of the new long-term debt from which the proceeds derived. Occasionally an amount is set aside from bond proceeds to cover this shortfall. This amount is called “capitalized interest”. Another method that is sometimes used to minimize or eliminate negative arbitrage is the purchasing of longer-term investments with higher rates in the loan fund. The intent would be to sell such investments when cash is needed either on the open market, or if advantageous, to other THDA funds that are expected to have a foreseeable need for such investments.

THDA QUARTERLY INVESTMENT REPORTLOAN FUNDSJune 30, 2019

Historical Fund BalancesAmortized Market Amortized Market Amortized Market

Cost Value Cost Value Cost Value6/30/15 8,484,095.02 8,321,193.28 5,686,245.70 5,604,371.10 86,821,844.51 86,829,957.996/30/16 0.00 0.00 0.00 0.00 80,887,219.27 80,722,372.556/30/18 0.00 0.00 0.00 0.00 127,466,688.10 126,341,036.516/30/19 4,133,539.69 4,133,539.69 0.00 0.00 208,766,969.44 208,694,936.57


1985 Resolution N/A N/A N/A N/A2009 Resolution N/A N/A N/A N/A2013 Resolution 2.058% 1.908% 1.908% 1.897%


Duration 1985 Resolution 2009 Resolution 2013 ResolutionAverage Duration to Maturity (Years) N/A N/A 0.6Average Duration to Call (Years) N/A N/A 0.4

1985 ResolutionAsset Allocation Dollar value* Percentage Dollar value* Percentage Dollar value* Percentage

Money Market Funds 4,133,539.69 0.00% 0.00% 55,906,857.54 26.78%Federal Agency Coupons 0.00% 0.00% 42,737,548.88 20.47%Variable Rate Securities 0.00% 0.00% - 0.00%Repurchase Agreements 0.00% 0.00% - 0.00%Pass Through Securities 0.00% 0.00% - 0.00%Discount Bonds 0.00% 0.00% 110,122,563.02 52.75%

Total 4,133,539.69 0.00% - 0.00% 208,766,969.44 100.00%


2009 Resolution1985 Resolution 2013 Resolution

2009 Resolution 2013 Resolution

2013 Res LF (merged)Investments by Issuer



(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank2,499,875.00301773130ABMV5 7281.875Federal Agency Coupon Securities Fair 06/28/202106/28/2019 1.8752,500,000.00

2,296,110.70301803130ABJH0 881.500Federal Agency Coupon Securities Fair 09/27/201906/28/2019 1.4992,300,000.00

3,455,000.0030447313384HP7 2.240Federal Agency Disc. -Amortizing Fair 07/01/201906/28/2019 2.3063,455,000.00

4,502,008.2830450313384JU4 292.270Federal Agency Disc. -Amortizing Fair 07/30/201906/28/2019 2.3414,501,712.17

1,000,007.00303333130A8E58 1,4462.000Federal Agency Coupon Securities Fair 06/16/202306/28/2019 2.0001,000,000.00

3,000,009.00303343130A8GE7 1,4442.000Federal Agency Coupon Securities Fair 06/14/202306/28/2019 2.0003,000,000.00

6,050,042.35303353130A7YY5 1,4162.040Federal Agency Coupon Securities Fair 05/17/202306/28/2019 2.0406,050,000.00



14,972,505.0030499313384JV2 302.215Federal Agency Disc. -Amortizing Fair 07/31/201906/28/2019 2.28214,972,204.83

2,499,875.00304963130ABMV5 7281.875Federal Agency Coupon Securities Fair 06/28/202106/28/2019 1.8752,500,000.00

9,998,780.0030501313384HR3 22.140Federal Agency Disc. -Amortizing Fair 07/03/201906/28/2019 2.2019,998,807.36

14,993,580.0030502313384HW2 72.140Federal Agency Disc. -Amortizing Fair 07/08/201906/28/2019 2.20114,993,737.73

14,989,920.0030503313384JA8 112.140Federal Agency Disc. -Amortizing Fair 07/12/201906/28/2019 2.20214,990,158.14

14,984,415.0030504313384JG5 172.180Federal Agency Disc. -Amortizing Fair 07/18/201906/28/2019 2.24414,984,504.17

14,977,080.0030505313384JQ3 252.200Federal Agency Disc. -Amortizing Fair 07/26/201906/28/2019 2.26614,976,998.40

14,971,455.0030506313384JW0 312.200Federal Agency Disc. -Amortizing Fair 08/01/201906/28/2019 2.26614,971,472.86


Federal Home Loan Mortgage Cor2,995,737.00301753134GBRW4 09/15/20191,0802.250Federal Agency Coupon Securities Fair 06/15/202206/28/2019 1.8743,000,000.00

429,024.45301763134GBVV1 09/29/20199122.000Federal Agency Coupon Securities Fair 12/29/202106/28/2019 1.999429,000.00

2,496,642.50301783134GBVT6 09/29/20193641.700Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.6992,500,000.00

2,991,882.00301793134GBVU3 09/27/20191791.550Federal Agency Coupon Securities Fair 12/27/201906/28/2019 1.5503,000,000.00

2,996,934.00304853134GAND2 06/30/20198222.000Federal Agency Coupon Securities Fair 09/30/202106/28/2019 3.8833,010,669.55

2,996,196.00303363134G3F88 581.500Federal Agency Coupon Securities Fair 08/28/201906/28/2019 1.4993,002,875.00


429,024.45304953134GBVV1 09/29/20199122.000Federal Agency Coupon Securities Fair 12/29/202106/28/2019 2.000429,000.00

2,496,642.50304973134GBVT6 09/29/20193641.700Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.7002,500,000.00

2,991,882.00304983134GBVU3 09/27/20191791.550Federal Agency Coupon Securities Fair 12/27/201906/28/2019 1.5443,000,000.00



Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

2013 Res LF SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


42,708,000.00Subtotal 42,737,548.88


110,245,000.00Subtotal 110,122,563.02

152,860,111.90152,953,000.00Total

Portfolio THDA

ACData Updated: SET_13LS: 07/22/2019 10:59Run Date: 07/22/2019 - 10:59 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

2013 Res LF SummaryInterest Earnings





MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2018-3 LF (133533700)

0.00Subtotal 0.00 1.802 49,092.000.0049,092.0011,429,000.00

Fund: 2018-4 LF (133533800)

24,694,000.00Subtotal 24,696,381.72 2.000 120,713.9658,808.5461,905.4224,658,664.81

Fund: 2019-1 LF (133533900)

34,830,000.00Subtotal 34,819,051.52 2.128 298,109.74233,254.7464,855.00116,888,084.53

Fund: 2019-2 LF (133574100)

93,429,000.00Subtotal 93,344,678.66 2.129 21,775.4020,170.321,605.080.00

152,953,000.00Total 152,860,111.90 2.058 489,691.10312,233.60177,457.50152,975,749.34

Portfolio THDA

ACData Updated: SET_13LS: 07/22/2019 10:59Run Date: 07/22/2019 - 10:59 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2017-4 LF (133533400)

0.00Subtotal 0.00 1.956 92,544.7192,544.710.0025,780,210.24

Fund: 2018-1 LF (133533500)

0.00Subtotal 0.00 1.508 188,595.8532,754.05155,841.8029,300,191.67

Fund: 2018-2 LF (133533600)

0.00Subtotal 0.00 2.012 387,468.20208,053.75179,414.4559,923,615.38

Fund: 2018-3 LF (133533700)

0.00Subtotal 0.00 1.458 222,465.3770,244.15152,221.220.00

Fund: 2018-4 LF (133533800)

24,694,000.00Subtotal 24,696,381.72 2.130 504,282.55352,417.72151,864.830.00

Fund: 2019-1 LF (133533900)

34,830,000.00Subtotal 34,819,051.52 2.160 359,743.14287,987.5971,755.550.00

Fund: 2019-2 LF (133574100)

93,429,000.00Subtotal 93,344,678.66 2.129 21,775.4020,170.321,605.080.00

152,953,000.00Total 152,860,111.90 1.908 1,776,875.221,064,172.29712,702.93115,004,017.29

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2017-4 LF (133533400)

0.00Subtotal 0.00 1.973 96,131.0696,131.060.000.00

Fund: 2018-1 LF (133533500)

0.00Subtotal 0.00 1.593 319,345.8432,754.05286,591.790.00

Fund: 2018-2 LF (133533600)

0.00Subtotal 0.00 2.008 412,576.24231,091.63181,484.610.00

Fund: 2018-3 LF (133533700)

0.00Subtotal 0.00 1.458 222,465.3770,244.15152,221.220.00

Fund: 2018-4 LF (133533800)

24,694,000.00Subtotal 24,696,381.72 2.130 504,282.55352,417.72151,864.830.00

Fund: 2019-1 LF (133533900)

34,830,000.00Subtotal 34,819,051.52 2.160 359,743.14287,987.5971,755.550.00

Fund: 2019-2 LF (133574100)

93,429,000.00Subtotal 93,344,678.66 2.129 21,775.4020,170.321,605.080.00

152,953,000.00Total 152,860,111.90 1.897 1,936,319.601,090,796.52845,523.080.00

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

2013 Res LF (merged)Purchases Report

Sorted by Security ID - FundApril 1, 2019 - June 30, 2019

OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM


PurchaseDate

PrincipalPurchase

Rate atPurchas

3130ABMV52,500,000.00 1.875 06/28/2021 2,500,000.002,500,000.00 Received06/27/2019 06/28 - 12/28FHLB304963130ABMV5 FAC131921

Subtotal 2,500,000.002,500,000.00 0.002,500,000.00

313384EV715,000,000.00 2.325 04/26/2019 0.0014,990,312.5004/16/2019 2.35904/26 - At MaturityFHLB30395313384EV7 AFD131911

Subtotal 0.0014,990,312.50 0.0015,000,000.00

313384HP75,000,000.00 2.240 07/01/2019 3,455,000.004,992,533.3506/07/2019 2.27507/01 - At MaturityFHLB30447313384HP7 AFD131841

15,000,000.00 2.240 07/01/2019 1,180,000.0014,977,600.0506/07/2019 2.27507/01 - At MaturityFHLB30448313384HP7 AFD131911

Subtotal 4,635,000.0019,970,133.40 0.0020,000,000.00

313384HR310,000,000.00 2.140 07/03/2019 9,998,807.369,996,433.3306/27/2019 2.17007/03 - At MaturityFHLB30501313384HR3 AFD131921

Subtotal 9,998,807.369,996,433.33 0.0010,000,000.00

313384HW215,000,000.00 2.140 07/08/2019 14,993,737.7314,990,191.6706/27/2019 2.17107/08 - At MaturityFHLB30502313384HW2 AFD131921

Subtotal 14,993,737.7314,990,191.67 0.0015,000,000.00

313384JA815,000,000.00 2.140 07/12/2019 14,990,158.1414,986,625.0006/27/2019 2.17207/12 - At MaturityFHLB30503313384JA8 AFD131921

Subtotal 14,990,158.1414,986,625.00 0.0015,000,000.00

313384JG515,000,000.00 2.180 07/18/2019 14,984,504.1714,980,925.0006/27/2019 2.21307/18 - At MaturityFHLB30504313384JG5 AFD131921

Subtotal 14,984,504.1714,980,925.00 0.0015,000,000.00

313384JQ315,000,000.00 2.200 07/26/2019 14,976,998.4014,973,416.6706/27/2019 2.23507/26 - At MaturityFHLB30505313384JQ3 AFD131921

Subtotal 14,976,998.4014,973,416.67 0.0015,000,000.00

313384JU47,000,000.00 2.270 07/30/2019 4,501,712.176,976,606.4206/07/2019 2.30907/30 - At MaturityFHLB30450313384JU4 AFD131841

17,000,000.00 2.270 07/30/2019 1,097,967.3616,943,187.0206/07/2019 2.30907/30 - At MaturityFHLB30451313384JU4 AFD131911

Received = Accrued Interest at Purchase was received by report ending date.

Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1

OriginalPar Value

EndingBook Value

Sec.Type

Page 2

FundMaturity/

YTMAccrued

at PurchasePayment

April 1, 2019 - June 30, 2019Purchases Report

2013 Res LF (merged)

Call DateCUSIP Investment # IssuerPurchase

DatePrincipalPurchase

Rate atPurchas

Subtotal 5,599,679.5323,919,793.44 0.0024,000,000.00

313384JV215,000,000.00 2.215 07/31/2019 14,972,204.8314,967,697.9206/26/2019 2.25107/31 - At MaturityFHLB30499313384JV2 AFD131911

Subtotal 14,972,204.8314,967,697.92 0.0015,000,000.00

313384JW015,000,000.00 2.200 08/01/2019 14,971,472.8614,967,916.6706/27/2019 2.23508/01 - At MaturityFHLB30506313384JW0 AFD131921

Subtotal 14,971,472.8614,967,916.67 0.0015,000,000.00

3134GAND23,000,000.00 2.000 09/30/2021 3,010,669.552,997,300.00 13,333.3306/20/2019 09/30 - 03/30FHLMC304853134GAND2 FAC131841

4,500,000.00 2.000 09/30/2021 4,516,004.334,495,950.00 20,000.0006/20/2019 09/30 - 03/30FHLMC304873134GAND2 FAC131911

Subtotal 7,526,673.887,493,250.00 33,333.337,500,000.00

3134GBVT62,500,000.00 1.700 09/29/2019 2,500,000.002,500,000.00 Received06/27/2019 1.70006/30 - 12/30FHLMC304973134GBVT6 FAC131921

Subtotal 2,500,000.002,500,000.00 0.002,500,000.00

3134GBVU33,000,000.00 1.550 09/27/2019 3,000,000.003,000,000.0006/27/2019 1.54412/27 - Final Pmt.FHLMC304983134GBVU3 FAC131921

Subtotal 3,000,000.003,000,000.00 0.003,000,000.00

3134GBVV1429,000.00 2.000 09/29/2019 429,000.00429,000.00 Received06/27/2019 2.00006/29 - 12/29FHLMC304953134GBVV1 FAC131921

Subtotal 429,000.00429,000.00 0.00429,000.00

174,665,695.60Total Purchases 174,929,000.00 33,333.33 126,078,236.90


Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020

2013 Res LF (merged)Sales/Call Report

Sorted by Maturity Date - FundApril 1, 2019 - June 30, 2019

Redem. Date RedemptionPrincipal

RedemptionInterest

Book Valueat Redem.

TotalAmount Net IncomeFund Matur. Date

Rate atRedem.

ParValueSec. TypeCUSIP Investment #

Issuer PurchaseDate

07/01/20196,985,000.00 6,968,279.25 6,968,507.64 0.0030245313384HP7 05/28/201 6,968,507.64 228.39131841 FHLB

AFD 07/01/20111/29/201 2.500

Sale

4,015,000.00 4,005,671.21 4,005,798.97 0.0030245313384HP7 05/29/201 4,005,798.97 127.76131841 FHLBAFD 07/01/201

11/29/201 2.500Sale

1,545,000.00 1,543,380.99 1,543,654.10 0.0030447313384HP7 06/17/201 1,543,654.10 273.11131841 FHLBAFD 07/01/201

06/07/201 2.240Sale

14,000,000.00 13,966,684.86 13,966,944.47 0.0030337313384HP7 05/28/201 13,966,944.47 259.61131911 FHLBAFD 07/01/201

03/21/201 2.500Sale

13,820,000.00 13,807,917.24 13,807,961.36 0.0030448313384HP7 06/17/201 13,807,961.36 44.12131911 FHLBAFD 07/01/201

06/07/201 2.240Sale

Subtotal 40,291,933.55 40,292,866.54 0.0040,365,000.00 40,292,866.54 932.99

07/30/20192,490,000.00 2,483,533.28 2,483,562.67 0.0030450313384JU4 06/19/201 2,483,562.67 29.39131841 FHLB

AFD 07/30/20106/07/201 2.270

Sale

15,900,000.00 15,858,477.35 15,858,894.13 0.0030451313384JU4 06/19/201 15,858,894.13 416.78131911 FHLBAFD 07/30/201

06/07/201 2.270Sale

Subtotal 18,342,010.63 18,342,456.80 0.0018,390,000.00 18,342,456.80 446.17

12/27/20193,000,000.00 3,000,000.00 3,000,000.00 23,250.00301663134GBVU3 06/27/201 3,023,250.00 23,250.00131831 FHLMC

FAC 12/27/20109/28/201 1.550

Sale

Subtotal 3,000,000.00 3,000,000.00 23,250.003,000,000.00 3,023,250.00 23,250.00

06/29/20202,500,000.00 2,500,000.00 2,500,000.00 20,895.83301673134GBVT6 06/27/201 2,520,895.83 20,895.83131831 FHLMC

FAC 06/29/20209/28/201 1.700

Sale

Subtotal 2,500,000.00 2,500,000.00 20,895.832,500,000.00 2,520,895.83 20,895.83

06/28/20212,500,000.00 2,500,000.00 2,500,000.00 23,307.29301653130ABMV5 06/27/201 2,523,307.29 23,307.29131831 FHLB

FAC 06/28/20209/28/201 1.875

Sale

Subtotal 2,500,000.00 2,500,000.00 23,307.292,500,000.00 2,523,307.29 23,307.29

12/29/2021429,000.00 429,000.00 429,000.00 4,242.33301633134GBVV1 06/27/201 433,242.33 4,242.33131831 FHLMC

FAC 12/29/20209/28/201 2.000

Sale

Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 SA (PRF_SA) 7.1.1

Report Ver. 7.3.6.1

Redem. Date

Page 2

RedemptionPrincipal

RedemptionInterest

Book Valueat Redem.


Rate atRedem.

ParValueSec. Type

April 1, 2019 - June 30, 2019Sales/Call Report

2013 Res LF (merged)

CUSIP Investment #Issuer Purchase

Date

Subtotal 429,000.00 429,000.00 4,242.33429,000.00 433,242.33 4,242.33

06/15/20223,000,000.00 3,000,000.00 3,000,000.00 2,250.00301623134GBRW4 06/27/201 3,002,250.00 2,250.00131831 FHLMC

FAC 06/15/20209/28/201 2.250 V

Sale

Subtotal 3,000,000.00 3,000,000.00 2,250.003,000,000.00 3,002,250.00 2,250.00

70,064,323.34Total Sales 70,184,000.00 73,945.4570,062,944.18 70,138,268.79 75,324.61

Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 SA (PRF_SA) 7.1.1

Report Ver. 7.3.6.1

V - Security with variable rate change.



(615)815-2020

2013 Res LF (merged)Maturity Report



Sec.TypeFund

MaturityDate



PurchaseDate


10,000,000.00 2.340 10,000,000.000.0003/21/2019FHLB30340313384DW6 AFD131911 04/03/2019 0.0010,000,000.00

20,000,000.00 2.380 20,000,000.000.0003/21/2019FHLB30341313384EE5 AFD131911 04/11/2019 0.0020,000,000.00

15,000,000.00 2.380 15,000,000.000.0003/28/2019FHLB30347313384EJ4 AFD131911 04/15/2019 0.0015,000,000.00

10,000,000.00 2.380 10,000,000.000.0003/29/2019FHLB30348313384ER6 AFD131911 04/22/2019 0.0010,000,000.00

15,000,000.00 2.325 15,000,000.000.0004/16/2019FHLB30395313384EV7 AFD131911 04/26/2019 0.0015,000,000.00

15,000,000.00 2.410 15,000,000.000.0003/28/2019FHLB30345313384FG9 AFD131911 05/07/2019 0.0015,000,000.00

10,000,000.00 2.415 10,000,000.000.0003/28/2019FHLB30344313384FN4 AFD131911 05/13/2019 0.0010,000,000.00

10,000,000.00 2.415 10,000,000.000.0003/28/2019FHLB30346313384FV6 AFD131911 05/20/2019 0.0010,000,000.00


Portfolio THDA

ACData Updated: SET_13LM: 07/22/2019 10:55Run Date: 07/22/2019 - 10:55 MA (PRF_MA) 7.1.1

Report Ver. 7.3.6.1

FLOAT/EQUITY FUNDS DESCRIPTION Float Funds are considered to be the portion of funds at any given time in the various funds and accounts that will be needed for the next scheduled semi-annual Debt Service payment or for bond call from mortgage prepayment proceeds. Any excess that accumulates in the accounts is considered Equity Funds. These funds represent the cumulative net gain in any fund or group of funds. For both the Float and Equity funds, THDA’s investment objective is a balancing act: to maximize earnings while achieving sufficient liquidity at January 1 and July 1 to meet debt service and bond call requirements. The following funds hold the Float/Equity funds:

Revenue Fund (1985 Resolution): Debt Service & Expense Account (DS&E) Non-Mortgage Receipts Account (NMR)

Revenue Fund (2009 Resolution): Debt Service & Expense Account (DS&E) Non-Mortgage Receipts Account (NMR)

Revenue Fund (2013 Resolution): Debt Service & Expense Account (DS&E) Non-Mortgage Receipts Account (NMR) 2013 Old 74 Cash and Investment Account

The chart below depicts where the General Bond Resolutions specify the different types of receipts be deposited and held: 1985 Resolution 2009 Resolution DS&E NMR DS&E NMR Account Account Account Account Mortgage Loan Principal & Interest X X Prepayment & Foreclosure Receipts X X Interest on Non-Mortgage Investments X X

2013 Resolution DS&E NMR Account Account Mortgage Loan Principal & Interest X Prepayment & Foreclosure Receipts X Interest on Non-Mortgage Investments X

THDA QUARTERLY INVESTMENT REPORTFLOAT / EQUITY FUNDS

June 30, 2019


Cost Value Cost Value Cost Value6/30/15 87,961,119.29 87,957,306.84 40,000,621.84 39,994,409.87 79,169,263.36 79,269,925.73 6/30/16 50,292,289.57 50,293,867.46 37,370,251.09 37,367,821.15 119,420,680.19 119,464,475.09 6/30/18 36,248,325.57 36,249,361.89 27,746,684.14 27,747,156.46 112,193,769.14 112,074,054.62 6/30/19 18,950,963.45 18,950,408.58 26,289,031.81 26,288,124.66 168,717,978.85 168,733,025.78


1985 Resolution 2.299% 2.205% 2.205% 2.139%2009 Resolution 2.363% 2.165% 2.165% 2.121%2013 Resolution 2.314% 2.169% 2.169% 2.142%


Duration 1985 Resolution 2009 Resolution 2013 ResolutionAverage Duration to Maturity (Years) 0.12 0.07 0.20Average Duration to Call (Years) 0.07 0.07 0.19

1985 ResolutionAsset Allocation Dollar value* Percentage Dollar value* Percentage Dollar value* Percentage

Money Market Funds 9,521,977.66 50.25% 16,399,262.05 62.38% 74,060,032.80 43.90%Federal Agency Coupons 300,000.00 1.58% 334,967.08 1.27% 7,394,828.71 4.38%Treasury Coupon Securities - 0.00% - 0.00% - 0.00%Variable Rate Securities - 0.00% - 0.00% - 0.00%Repurchase Agreements - 0.00% - 0.00% - 0.00%Pass Through Securities - 0.00% - 0.00% - 0.00%Discount Bonds 9,128,985.79 48.17% 9,554,802.68 36.35% 87,263,117.34 51.72%

Total 18,950,963.45 100.00% 26,289,031.81 100.00% 168,717,978.85 100.00%



2013 Resolution2009 Resolution

1985 Res Float/Equity (merged)Investments by Issuer



(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank99,761.70300743130ACBC7 09/29/20195471.750Federal Agency Coupon Securities Fair 12/29/202006/28/2019 1.749100,000.00

920,000.0030406313384HP7 2.390Federal Agency Disc. -Amortizing Fair 07/01/201906/28/2019 2.469920,000.00


643,857.0630461313384JU4 292.270Federal Agency Disc. -Amortizing Fair 07/30/201906/28/2019 2.340643,815.61


99,761.70300753130ACBC7 09/29/20195471.750Federal Agency Coupon Securities Fair 12/29/202006/28/2019 1.749100,000.00


1,042,591.4930518313384LF4 641.309Federal Agency Disc. -Amortizing Fair 09/03/20191.3501,042,591.49











Portfolio THDA

ACData Updated: SET_85FM: 07/22/2019 12:25Run Date: 07/22/2019 - 12:25 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

1985 Res Float/Equity SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


300,000.00Subtotal 300,000.00


9,140,000.00Subtotal 9,128,985.79

9,428,985.799,440,000.00Total

Portfolio THDA

ACData Updated: SET_85F2: 07/22/2019 12:27Run Date: 07/22/2019 - 12:27 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

1985 Res Float/Equity SummaryInterest Earnings





MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2010-1 DSE (133531320)

2,355,000.00Subtotal 2,352,455.78 2.341 15,004.1314,566.63437.502,087,371.33

Fund: 2011-1 DSE(133531820)

1,960,000.00Subtotal 1,956,094.93 2.191 6,475.166,037.66437.502,796,360.02

Fund: 2012-1 DSE (133531920)

3,210,000.00Subtotal 3,206,725.27 2.319 13,022.7712,585.27437.502,655,325.14

Fund: 2012-2 DSE (133532020)

1,915,000.00Subtotal 1,913,709.81 2.263 3,624.223,624.220.001,677,899.27

9,440,000.00Total 9,428,985.79 2.299 38,126.2836,813.781,312.509,216,955.76

Portfolio THDA

ACData Updated: SET_85F2: 07/22/2019 12:27Run Date: 07/22/2019 - 12:27 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-1 DSE (111459920)

0.00Subtotal 0.00 1.762 654.48654.480.0013,554,345.52

Fund: 2009-2 DSE (133531020)

0.00Subtotal 0.00 2.241 49,634.7649,634.760.001,208,779.85

Fund: 2010-1 DSE (133531320)

2,355,000.00Subtotal 2,352,455.78 2.182 36,175.8634,795.311,380.552,651,686.92

Fund: 2011-1 DSE(133531820)

1,960,000.00Subtotal 1,956,094.93 2.132 38,893.1837,512.631,380.554,618,869.50

Fund: 2012-1 DSE (133531920)

3,210,000.00Subtotal 3,206,725.27 2.135 40,329.8738,949.321,380.553,365,890.56

Fund: 2012-2 DSE (133532020)

1,915,000.00Subtotal 1,913,709.81 2.167 20,574.6620,574.660.002,482,148.50

Fund: 1985 A-L DSE (6076006017)

0.00Subtotal 0.00 15.410 3,182.403,182.400.000.00

9,440,000.00Total 9,428,985.79 2.205 189,445.21185,303.564,141.6527,881,720.85

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-1 DSE (111459920)

0.00Subtotal 0.00 1.756 11,725.0711,725.070.000.00

Fund: 2009-2 DSE (133531020)

0.00Subtotal 0.00 2.219 50,960.5150,960.510.000.00

Fund: 2010-1 DSE (133531320)

2,355,000.00Subtotal 2,352,455.78 2.148 38,827.4537,446.901,380.550.00

Fund: 2011-1 DSE(133531820)

1,960,000.00Subtotal 1,956,094.93 2.087 43,538.0342,157.481,380.550.00

Fund: 2012-1 DSE (133531920)

3,210,000.00Subtotal 3,206,725.27 2.101 43,770.6942,390.141,380.550.00

Fund: 2012-2 DSE (133532020)

1,915,000.00Subtotal 1,913,709.81 2.110 23,296.8423,296.840.000.00

Fund: 1985 A-L DSE (6076006017)

0.00Subtotal 0.00 15.410 3,182.403,182.400.000.00

9,440,000.00Total 9,428,985.79 2.139 215,300.99211,159.344,141.650.00

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

1985 Res Float/Equity (merged)Purchases Report


OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM


PurchaseDate

PrincipalPurchase

Rate atPurchas

2010-1 DSE (133531320)2,000,000.00 2.360 06/05/2019 0.001,993,444.4404/16/2019 2.40106/05 - At MaturityFHLB30398313384GM5 AFD851012

920,000.00 2.390 07/01/2019 920,000.00915,480.2404/18/2019 2.43507/01 - At MaturityFHLB30406313384HP7 AFD851012


590,000.00 1.309 09/03/2019 588,640.17588,347.7506/18/2019 1.33109/03 - At MaturityFHLB30517313384LF4 AFD851012

645,000.00 2.270 07/30/2019 643,815.61643,332.5006/19/2019 2.30707/30 - At MaturityFHLB30461313384JU4 AFD851012

Subtotal 2,252,455.784,240,517.82 0.004,255,000.00

2011-1 DSE(133531820)370,000.00 2.375 06/03/2019 0.00368,730.6904/12/2019 2.41606/03 - At MaturityFNMA30383313588GK5 AFD851112

1,045,000.00 1.309 09/03/2019 1,042,591.491,042,073.5606/18/2019 1.33109/03 - At MaturityFHLB30518313384LF4 AFD851112


Subtotal 1,856,094.932,223,697.25 0.002,230,000.00

2012-1 DSE (133531920)1,390,000.00 2.390 07/01/2019 1,390,000.001,383,171.2404/18/2019 2.43507/01 - At MaturityFHLB30411313384HP7 AFD851212




Subtotal 3,106,725.273,098,814.86 0.003,110,000.00

2012-2 DSE (133532020)1,280,000.00 2.240 07/01/2019 1,280,000.001,278,884.9806/17/2019 2.27307/01 - At MaturityFHLB30454313384HP7 AFD851222



Subtotal 1,913,709.811,912,186.32 0.001,915,000.00

11,475,216.25Total Purchases 11,510,000.00 0.00 9,128,985.79

Portfolio THDA

ACData Updated: SET_85FM: 07/22/2019 12:25Run Date: 07/22/2019 - 12:25 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020

1985 Res Float/Equity (merged)Maturity Report



Sec.TypeFund

MaturityDate



PurchaseDate


1,050,000.00 2.375 1,050,000.000.0002/27/2019FHLB30278313384DU0 AFD851012 04/01/2019 0.001,050,000.00

1,415,000.00 2.375 1,415,000.000.0002/27/2019FHLB30283313384DU0 AFD851112 04/01/2019 0.001,415,000.00

1,135,000.00 2.375 1,135,000.000.0002/27/2019FHLB30284313384DU0 AFD851212 04/01/2019 0.001,135,000.00

1,005,000.00 2.375 1,005,000.000.0002/27/2019FHLB30285313384DU0 AFD851222 04/01/2019 0.001,005,000.00

590,000.00 2.380 590,000.000.0003/13/2019FNMA30307313588FA8 AFD851012 05/01/2019 0.00590,000.00

785,000.00 2.380 785,000.000.0003/13/2019FNMA30312313588FA8 AFD851112 05/01/2019 0.00785,000.00

575,000.00 2.380 575,000.000.0003/13/2019FNMA30313313588FA8 AFD851212 05/01/2019 0.00575,000.00

325,000.00 2.380 325,000.000.0003/13/2019FNMA30314313588FA8 AFD851222 05/01/2019 0.00325,000.00

350,000.00 2.375 350,000.000.0003/29/2019FNMA30355313588GK5 AFD851012 06/03/2019 0.00350,000.00

500,000.00 2.375 500,000.000.0003/29/2019FNMA30360313588GK5 AFD851112 06/03/2019 0.00500,000.00

850,000.00 2.375 850,000.000.0003/29/2019FNMA30361313588GK5 AFD851212 06/03/2019 0.00850,000.00

350,000.00 2.375 350,000.000.0003/29/2019FNMA30362313588GK5 AFD851222 06/03/2019 0.00350,000.00

370,000.00 2.375 370,000.000.0004/12/2019FNMA30383313588GK5 AFD851112 06/03/2019 0.00370,000.00

2,000,000.00 2.360 2,000,000.000.0004/16/2019FHLB30398313384GM5 AFD851012 06/05/2019 0.002,000,000.00


Portfolio THDA

ACData Updated: SET_85FM: 07/22/2019 12:25Run Date: 07/22/2019 - 12:25 MA (PRF_MA) 7.1.1

Report Ver. 7.3.6.1




(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank145,000.0030405313384HP7 2.390Federal Agency Disc. -Amortizing Fair 07/01/201906/28/2019 2.469145,000.00



114,674.09300913130ABNM4 3641.640Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.650114,987.98


















Federal National Mortgage Admi19,952.64300943136G4HR7 08/25/20194211.625Federal Agency Coupon Securities Fair 08/25/202006/28/2019 1.62520,000.00

19,952.64 1.62520,000.00Subtotal and Average 421


Portfolio THDA

ACData Updated: SET_09E2: 07/22/2019 12:34Run Date: 07/22/2019 - 12:34 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

2009 Res Float Equity SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


335,000.00Subtotal 334,967.08


9,560,000.00Subtotal 9,554,802.68

9,889,769.769,895,000.00Total

Portfolio THDA

ACData Updated: SET_09F2: 07/22/2019 12:31Run Date: 07/22/2019 - 12:31 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

2009 Res Float Equity SummaryInterest Earnings





MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A DSE (133531120)

265,000.00Subtotal 264,769.52 2.275 1,300.971,219.7281.25304,576.50

Fund: 2010-A DSE (133531220)

345,000.00Subtotal 345,000.00 2.417 1,993.941,993.940.001,053,830.99

Fund: 2010-B DSE (133531420)

1,240,000.00Subtotal 1,239,527.02 2.363 14,485.3414,013.84471.501,896,698.45

Fund: 2011-A DSE (133531520)

1,135,000.00Subtotal 1,134,354.66 2.369 4,402.174,402.170.00484,836.43

Fund: 2011-B DSE (133531620)

1,620,000.00Subtotal 1,619,367.25 2.349 8,239.237,829.23410.001,202,976.78

Fund: 2011-C DSE (133531720)

2,120,000.00Subtotal 2,118,422.29 2.336 12,296.8011,886.80410.001,747,982.45

Fund: 2015-A DSE (133532520)

3,170,000.00Subtotal 3,168,329.02 2.401 11,379.2111,379.210.002,980,097.81

9,895,000.00Total 9,889,769.76 2.363 54,097.6652,724.911,372.759,670,999.41

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A DSE (133531120)

265,000.00Subtotal 264,769.52 2.015 18,372.0718,115.68256.39719,211.34

Fund: 2010-A DSE (133531220)

345,000.00Subtotal 345,000.00 2.202 11,984.2511,984.250.001,108,867.79

Fund: 2010-B DSE (133531420)

1,240,000.00Subtotal 1,239,527.02 2.208 33,413.9031,926.051,487.852,047,932.28

Fund: 2011-A DSE (133531520)

1,135,000.00Subtotal 1,134,354.66 2.222 10,875.9410,875.940.001,048,887.24

Fund: 2011-B DSE (133531620)

1,620,000.00Subtotal 1,619,367.25 2.097 24,551.9923,258.211,293.782,143,448.62

Fund: 2011-C DSE (133531720)

2,120,000.00Subtotal 2,118,422.29 2.184 30,978.9529,685.171,293.782,741,912.16

Fund: 2015-A DSE (133532520)

3,170,000.00Subtotal 3,168,329.02 2.206 40,565.9640,565.960.004,750,308.25

9,895,000.00Total 9,889,769.76 2.165 170,743.06166,411.264,331.8014,560,567.68

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A DSE (133531120)

265,000.00Subtotal 264,769.52 2.003 19,176.1918,919.80256.390.00

Fund: 2010-A DSE (133531220)

345,000.00Subtotal 345,000.00 2.152 13,226.1013,226.100.000.00

Fund: 2010-B DSE (133531420)

1,240,000.00Subtotal 1,239,527.02 2.170 35,848.8034,360.951,487.850.00

Fund: 2011-A DSE (133531520)

1,135,000.00Subtotal 1,134,354.66 2.167 12,038.0912,038.090.000.00

Fund: 2011-B DSE (133531620)

1,620,000.00Subtotal 1,619,367.25 2.057 27,233.7225,939.941,293.780.00

Fund: 2011-C DSE (133531720)

2,120,000.00Subtotal 2,118,422.29 2.139 33,953.2732,659.491,293.780.00

Fund: 2015-A DSE (133532520)

3,170,000.00Subtotal 3,168,329.02 2.141 46,018.0946,018.090.000.00

9,895,000.00Total 9,889,769.76 2.121 187,494.26183,162.464,331.800.00

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020



OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM


PurchaseDate

PrincipalPurchase

Rate atPurchas

2009-A DSE (133531120)10,000.00 2.375 06/03/2019 0.009,965.6904/12/2019 2.41606/03 - At MaturityFNMA30387313588GK5 AFD0909A2

145,000.00 2.390 07/01/2019 145,000.00144,287.6504/18/2019 2.43507/01 - At MaturityFHLB30405313384HP7 AFD0909A2

100,000.00 1.309 09/03/2019 99,769.5299,719.9606/18/2019 1.33109/03 - At MaturityFHLB30521313384LF4 AFD0909A2

Subtotal 244,769.52253,973.30 0.00255,000.00



Subtotal 345,000.00354,175.07 0.00355,000.00

2010-B DSE (133531420)45,000.00 2.375 06/03/2019 0.0044,845.6204/12/2019 2.41606/03 - At MaturityFNMA30389313588GK5 AFD0910B2

2,000,000.00 2.360 06/05/2019 0.001,993,444.4404/16/2019 2.40106/05 - At MaturityFHLB30399313384GM5 AFD0910B2

685,000.00 2.390 07/01/2019 685,000.00681,634.7504/18/2019 2.43507/01 - At MaturityFHLB30407313384HP7 AFD0910B2


200,000.00 1.309 09/03/2019 199,539.04199,439.9206/18/2019 1.33109/03 - At MaturityFHLB30522313384LF4 AFD0910B2

Subtotal 1,124,539.043,158,814.73 0.003,170,000.00





Subtotal 1,134,354.661,200,116.06 0.001,205,000.00

2011-B DSE (133531620)130,000.00 2.375 06/03/2019 0.00129,554.0304/12/2019 2.41606/03 - At MaturityFNMA30385313588GK5 AFD0911B2



270,000.00 1.309 09/03/2019 269,377.70269,243.8906/18/2019 1.33109/03 - At MaturityFHLB30524313384LF4 AFD0911B2

Subtotal 1,519,377.701,643,561.24 0.001,650,000.00

2011-C DSE (133531720)5,000.00 2.375 06/03/2019 0.004,982.8504/12/2019 2.41606/03 - At MaturityFNMA30390313588GK5 AFD0911C2

1,000,000.00 2.370 06/20/2019 0.00995,720.8304/16/2019 2.41306/20 - At MaturityFHLB30402313384HC6 AFD0911C2

Portfolio THDA

ACData Updated: SET_09E2: 07/22/2019 12:34Run Date: 07/22/2019 - 12:34 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1

OriginalPar Value

EndingBook Value

Sec.Type

Page 2

FundMaturity/

YTMAccrued

at PurchasePayment


2009 Res Float/Equity (merged)



Rate atPurchas

2011-C DSE (133531720)830,000.00 2.390 07/01/2019 830,000.00825,922.3904/18/2019 2.43507/01 - At MaturityFHLB30410313384HP7 AFD0911C2

510,000.00 2.500 07/01/2019 510,000.00508,831.2505/29/2019 2.54107/01 - At MaturityFHLB30445313384HP7 AFD0911C2

680,000.00 1.309 09/03/2019 678,432.74678,095.7206/18/2019 1.33109/03 - At MaturityFHLB30525313384LF4 AFD0911C2

Subtotal 2,018,432.743,013,553.04 0.003,025,000.00


2,445,000.00 2.500 07/01/2019 2,445,000.002,439,396.8805/29/2019 2.54107/01 - At MaturityFHLB30446313384HP7 AFD0915A2


Subtotal 3,168,329.023,311,852.00 0.003,320,000.00

12,936,045.44Total Purchases 12,980,000.00 0.00 9,554,802.68

Portfolio THDA

ACData Updated: SET_09E2: 07/22/2019 12:34Run Date: 07/22/2019 - 12:34 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020




Sec.TypeFund

MaturityDate



PurchaseDate


170,000.00 2.375 170,000.000.0002/27/2019FHLB30276313384DU0 AFD0909A2 04/01/2019 0.00170,000.00

620,000.00 2.375 620,000.000.0002/27/2019FHLB30277313384DU0 AFD0910A2 04/01/2019 0.00620,000.00

775,000.00 2.375 775,000.000.0002/27/2019FHLB30279313384DU0 AFD0910B2 04/01/2019 0.00775,000.00

430,000.00 2.375 430,000.000.0002/27/2019FHLB30280313384DU0 AFD0911A2 04/01/2019 0.00430,000.00

405,000.00 2.375 405,000.000.0002/27/2019FHLB30281313384DU0 AFD0911B2 04/01/2019 0.00405,000.00

1,045,000.00 2.375 1,045,000.000.0002/27/2019FHLB30282313384DU0 AFD0911C2 04/01/2019 0.001,045,000.00

1,370,000.00 2.375 1,370,000.000.0002/27/2019FHLB30290313384DU0 AFD0915A2 04/01/2019 0.001,370,000.00

25,000.00 2.380 25,000.000.0003/13/2019FNMA30305313588FA8 AFD0909A2 05/01/2019 0.0025,000.00

295,000.00 2.380 295,000.000.0003/13/2019FNMA30306313588FA8 AFD0910A2 05/01/2019 0.00295,000.00

420,000.00 2.380 420,000.000.0003/13/2019FNMA30308313588FA8 AFD0910B2 05/01/2019 0.00420,000.00

30,000.00 2.380 30,000.000.0003/13/2019FNMA30309313588FA8 AFD0911A2 05/01/2019 0.0030,000.00

415,000.00 2.380 415,000.000.0003/13/2019FNMA30310313588FA8 AFD0911B2 05/01/2019 0.00415,000.00

235,000.00 2.380 235,000.000.0003/13/2019FNMA30311313588FA8 AFD0911C2 05/01/2019 0.00235,000.00

835,000.00 2.380 835,000.000.0003/13/2019FNMA30319313588FA8 AFD0915A2 05/01/2019 0.00835,000.00

90,000.00 2.375 90,000.000.0003/29/2019FNMA30353313588GK5 AFD0909A2 06/03/2019 0.0090,000.00

140,000.00 2.375 140,000.000.0003/29/2019FNMA30354313588GK5 AFD0910A2 06/03/2019 0.00140,000.00

590,000.00 2.375 590,000.000.0003/29/2019FNMA30356313588GK5 AFD0910B2 06/03/2019 0.00590,000.00

25,000.00 2.375 25,000.000.0003/29/2019FNMA30357313588GK5 AFD0911A2 06/03/2019 0.0025,000.00

285,000.00 2.375 285,000.000.0003/29/2019FNMA30358313588GK5 AFD0911B2 06/03/2019 0.00285,000.00

370,000.00 2.375 370,000.000.0003/29/2019FNMA30359313588GK5 AFD0911C2 06/03/2019 0.00370,000.00

780,000.00 2.375 780,000.000.0003/29/2019FNMA30367313588GK5 AFD0915A2 06/03/2019 0.00780,000.00

70,000.00 2.375 70,000.000.0004/12/2019FNMA30384313588GK5 AFD0911A2 06/03/2019 0.0070,000.00

130,000.00 2.375 130,000.000.0004/12/2019FNMA30385313588GK5 AFD0911B2 06/03/2019 0.00130,000.00

150,000.00 2.375 150,000.000.0004/12/2019FNMA30386313588GK5 AFD0915A2 06/03/2019 0.00150,000.00

10,000.00 2.375 10,000.000.0004/12/2019FNMA30387313588GK5 AFD0909A2 06/03/2019 0.0010,000.00

10,000.00 2.375 10,000.000.0004/12/2019FNMA30388313588GK5 AFD0910A2 06/03/2019 0.0010,000.00

45,000.00 2.375 45,000.000.0004/12/2019FNMA30389313588GK5 AFD0910B2 06/03/2019 0.0045,000.00

5,000.00 2.375 5,000.000.0004/12/2019FNMA30390313588GK5 AFD0911C2 06/03/2019 0.005,000.00

2,000,000.00 2.360 2,000,000.000.0004/16/2019FHLB30399313384GM5 AFD0910B2 06/05/2019 0.002,000,000.00

1,000,000.00 2.370 1,000,000.000.0004/16/2019FHLB30402313384HC6 AFD0911C2 06/20/2019 0.001,000,000.00


Portfolio THDA

ACData Updated: SET_09E2: 07/22/2019 12:34Run Date: 07/22/2019 - 12:34 MA (PRF_MA) 7.1.1

Report Ver. 7.3.6.1




(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank129,690.21300773130ACBC7 09/29/20195471.750Federal Agency Coupon Securities Fair 12/29/202006/28/2019 1.749130,000.00


































Portfolio THDA


Report Ver. 7.3.6.1



CurrentRate

CallDate

Days ToMaturity Collateral

Page 2Sorted by Fund

Investments by Issuer2013 Res Float/Equity (merged)

CUSIP Investment #InvestmentClass

YTM/CBook Value









































Portfolio THDA


Report Ver. 7.3.6.1



CurrentRate

CallDate



Investments by Issuer2013 Res Float/Equity (merged)


YTM/CBook Value



2,411,016.00285613130A6UY1 9132.000Federal Agency Coupon Securities Fair 12/30/202106/28/2019 2.0002,400,000.00

349,408.15294993130ABJH0 881.500Federal Agency Coupon Securities Fair 09/27/201906/28/2019 1.500350,000.00

200,003.00295523130ABMW3 2,9333.000Federal Agency Coupon Securities Fair 07/12/202706/28/2019 3.000200,000.00

449,660.70296073130ACEM2 3,3613.000Federal Agency Coupon Securities Fair 09/12/202806/28/2019 3.000450,000.00



FICO2,145,099.8527823317705AP6 878.600Federal Agency Coupon Securities Fair 09/26/201906/28/2019 2.2232,139,828.71


Federal National Mortgage Admi1,225,101.68300833136G4GY3 8791.850Federal Agency Coupon Securities Fair 11/26/202106/28/2019 1.8501,225,000.00



Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 DSE (133532120)

5,705,000.00Subtotal 5,700,084.86 2.369 49,733.7049,164.95568.753,948,965.19

Fund: 2013-2 DSE (133532220)

3,725,000.00Subtotal 3,721,215.92 2.346 12,128.2711,690.77437.502,665,735.72

Fund: 2014-1 DSE (133532320)

4,690,000.00Subtotal 4,687,131.90 2.228 20,004.0817,210.332,793.752,856,429.75

Fund: 2014-2 DSE (133532420)

5,720,000.00Subtotal 5,716,262.27 2.180 19,780.0818,438.831,341.254,089,543.14

Fund: 2015-1 DSE (133532620)

6,840,000.00Subtotal 6,834,807.83 2.271 35,374.3333,069.962,304.375,181,853.76

Fund: 2015-2 DSE (133532720)

7,295,000.00Subtotal 7,288,805.29 2.263 28,926.1926,204.942,721.255,183,184.56

Fund: 2016-1 DSE (133532820)

4,470,000.00Subtotal 4,467,644.40 2.284 25,099.1324,661.63437.503,734,095.52

Fund: 2016-2 DSE (133532920)

5,895,000.00Subtotal 5,889,946.05 2.386 19,189.0419,189.040.002,740,645.87

Fund: 2016-3 DSE (133533020)

3,035,000.00Subtotal 3,033,354.72 2.284 13,650.0912,490.091,160.001,183,438.22

Fund: 2017-1 DSE (133533120)

5,110,000.00Subtotal 5,105,659.21 2.247 19,411.0717,399.202,011.872,347,418.62

Portfolio THDA

ACData Updated: SET_13FS: 07/22/2019 12:38Run Date: 07/22/2019 - 12:38 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value

EndingSecurityTypeFund

Page 2

Book ValueBeginning

Book Value



/ EarningsAdjusted Interest

April 1, 2019 - June 30, 2019Interest Earnings

2013 Res Float Equity Summary

Annualized YieldCUSIP Investment #

InterestEarned

Fund: 2017-2 DSE (133533220)

7,210,000.00Subtotal 7,205,894.75 2.328 27,065.5725,343.701,721.872,541,153.05

Fund: 2017-3 DSE (133533320)

2,895,000.00Subtotal 2,893,816.05 2.439 9,705.259,705.250.001,304,533.34

Fund: 2017-4 DSE (133533420)

3,390,000.00Subtotal 3,388,690.24 2.412 10,834.9910,635.62199.37828,421.54

Fund: 2018-1 DSE (133533520)

3,575,000.00Subtotal 3,573,334.77 2.359 9,967.409,967.400.00793,482.15

Fund: 2018-2 DSE (133533620)

4,570,000.00Subtotal 4,567,885.91 2.242 7,154.437,154.430.001,671,455.98

Fund: 2018-3 DSE (133533720)

4,210,000.00Subtotal 4,208,844.62 2.155 5,203.685,203.680.001,483,073.54

Fund: 2018-4 DSE (133533820)

6,595,000.00Subtotal 6,591,759.84 2.318 10,826.5010,826.500.001,981,444.44

Fund: 2019-1 DSE (133533920)

2,020,000.00Subtotal 2,019,816.37 2.536 4,608.234,608.230.000.00

Fund: 2013 OLD 74 RES CASH/INV

7,735,000.00Subtotal 7,762,991.05 2.343 117,897.9248,679.7969,218.1318,349,528.20

94,685,000.00Total 94,657,946.05 2.314 446,559.95361,644.3484,915.6162,884,402.59

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 DSE (133532120)

5,705,000.00Subtotal 5,700,084.86 2.223 101,073.5899,278.861,794.727,006,544.05

Fund: 2013-2 DSE (133532220)

3,725,000.00Subtotal 3,721,215.92 2.179 40,723.7039,343.151,380.553,936,060.98

Fund: 2014-1 DSE (133532320)

4,690,000.00Subtotal 4,687,131.90 2.049 66,079.0755,029.7711,049.306,663,130.01

Fund: 2014-2 DSE (133532420)

5,720,000.00Subtotal 5,716,262.27 2.097 61,308.3955,804.645,503.756,048,464.19

Fund: 2015-1 DSE (133532620)

6,840,000.00Subtotal 6,834,807.83 2.113 95,351.0586,309.889,041.177,021,817.51

Fund: 2015-2 DSE (133532720)

7,295,000.00Subtotal 7,288,805.29 2.095 89,617.6978,865.8910,751.808,082,553.57

Fund: 2016-1 DSE (133532820)

4,470,000.00Subtotal 4,467,644.40 2.200 56,208.2854,827.731,380.554,966,544.81

Fund: 2016-2 DSE (133532920)

5,895,000.00Subtotal 5,889,946.05 2.254 45,335.5945,335.590.004,377,080.77

Fund: 2016-3 DSE (133533020)

3,035,000.00Subtotal 3,033,354.72 2.086 37,747.6432,987.644,760.003,157,195.88

Fund: 2017-1 DSE (133533120)

5,110,000.00Subtotal 5,105,659.21 2.055 54,411.3446,155.728,255.624,640,438.02

Portfolio THDA


Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value


Page 2

Book ValueBeginning

Book Value




July 1, 2018 - June 30, 2019Interest Earnings



InterestEarned

Fund: 2017-2 DSE (133533220)

7,210,000.00Subtotal 7,205,894.75 2.143 65,687.2358,621.617,065.625,361,000.03

Fund: 2017-3 DSE (133533320)

2,895,000.00Subtotal 2,893,816.05 2.318 21,716.5821,716.580.002,134,378.56

Fund: 2017-4 DSE (133533420)

3,390,000.00Subtotal 3,388,690.24 2.261 24,755.7123,937.59818.123,448,809.87

Fund: 2018-1 DSE (133533520)

3,575,000.00Subtotal 3,573,334.77 2.231 23,696.6723,696.670.001,922,785.22

Fund: 2018-2 DSE (133533620)

4,570,000.00Subtotal 4,567,885.91 2.213 28,416.9028,416.900.001,166,546.95

Fund: 2018-3 DSE (133533720)

4,210,000.00Subtotal 4,208,844.62 2.255 14,415.6814,415.680.000.00

Fund: 2018-4 DSE (133533820)

6,595,000.00Subtotal 6,591,759.84 2.341 19,549.3819,549.380.000.00

Fund: 2019-1 DSE (133533920)

2,020,000.00Subtotal 2,019,816.37 2.536 4,608.234,608.230.000.00


7,735,000.00Subtotal 7,762,991.05 2.215 264,344.28-7,743.92272,088.2011,741,810.21

94,685,000.00Total 94,657,946.05 2.169 1,115,046.99781,157.59333,889.4081,675,160.63

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 DSE (133532120)

5,705,000.00Subtotal 5,700,084.86 2.204 105,141.00103,346.281,794.720.00

Fund: 2013-2 DSE (133532220)

3,725,000.00Subtotal 3,721,215.92 2.154 43,182.7841,802.231,380.550.00

Fund: 2014-1 DSE (133532320)

4,690,000.00Subtotal 4,687,131.90 2.019 71,239.1358,591.9112,647.220.00

Fund: 2014-2 DSE (133532420)

5,720,000.00Subtotal 5,716,262.27 2.069 65,551.1759,137.846,413.330.00

Fund: 2015-1 DSE (133532620)

6,840,000.00Subtotal 6,834,807.83 2.090 100,317.2690,010.0410,307.220.00

Fund: 2015-2 DSE (133532720)

7,295,000.00Subtotal 7,288,805.29 2.065 95,807.2783,506.7212,300.550.00

Fund: 2016-1 DSE (133532820)

4,470,000.00Subtotal 4,467,644.40 2.151 61,728.1560,347.601,380.550.00

Fund: 2016-2 DSE (133532920)

5,895,000.00Subtotal 5,889,946.05 2.193 50,205.3750,205.370.000.00

Fund: 2016-3 DSE (133533020)

3,035,000.00Subtotal 3,033,354.72 2.044 41,500.7635,954.095,546.670.00

Fund: 2017-1 DSE (133533120)

5,110,000.00Subtotal 5,105,659.21 2.015 59,896.1850,276.189,620.000.00

Portfolio THDA


Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value


Page 2

Book ValueBeginning

Book Value







InterestEarned

Fund: 2017-2 DSE (133533220)

7,210,000.00Subtotal 7,205,894.75 2.092 72,466.3364,233.008,233.330.00

Fund: 2017-3 DSE (133533320)

2,895,000.00Subtotal 2,893,816.05 2.265 23,452.0323,452.030.000.00

Fund: 2017-4 DSE (133533420)

3,390,000.00Subtotal 3,388,690.24 2.182 28,136.2827,182.95953.330.00

Fund: 2018-1 DSE (133533520)

3,575,000.00Subtotal 3,573,334.77 2.186 25,674.5325,674.530.000.00

Fund: 2018-2 DSE (133533620)

4,570,000.00Subtotal 4,567,885.91 2.214 28,646.0228,646.020.000.00

Fund: 2018-3 DSE (133533720)

4,210,000.00Subtotal 4,208,844.62 2.255 14,415.6814,415.680.000.00

Fund: 2018-4 DSE (133533820)

6,595,000.00Subtotal 6,591,759.84 2.341 19,549.3819,549.380.000.00

Fund: 2019-1 DSE (133533920)

2,020,000.00Subtotal 2,019,816.37 2.536 4,608.234,608.230.000.00


7,735,000.00Subtotal 7,762,991.05 2.193 390,010.75-133,216.62523,227.375,142,495.45

94,685,000.00Total 94,657,946.05 2.142 1,301,528.30707,723.46593,804.845,142,495.45

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020



OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM


PurchaseDate

PrincipalPurchase

Rate atPurchas

313384FS37,500,000.00 2.340 05/17/2019 0.007,484,887.5004/16/2019 2.37705/17 - At MaturityFHLB30396313384FS3 AFD137402

Subtotal 0.007,484,887.50 0.007,500,000.00

313384FZ77,500,000.00 2.370 05/24/2019 0.007,481,237.5004/16/2019 2.40905/24 - At MaturityFHLB30397313384FZ7 AFD137402

Subtotal 0.007,481,237.50 0.007,500,000.00

313384GM54,000,000.00 2.360 06/05/2019 0.003,986,888.8904/16/2019 2.40106/05 - At MaturityFHLB30401313384GM5 AFD131512

2,000,000.00 2.360 06/05/2019 0.001,993,444.4404/16/2019 2.40106/05 - At MaturityFHLB30400313384GM5 AFD131612

Subtotal 0.005,980,333.33 0.006,000,000.00

313384HC67,000,000.00 2.370 06/20/2019 0.006,970,045.8304/16/2019 2.41306/20 - At MaturityFHLB30404313384HC6 AFD131312

Subtotal 0.006,970,045.83 0.007,000,000.00

313384HP71,750,000.00 2.390 07/01/2019 1,750,000.001,741,402.6404/18/2019 2.43507/01 - At MaturityFHLB30412313384HP7 AFD131312



1,000,000.00 2.500 07/01/2019 1,000,000.00997,638.8905/28/2019 2.54107/01 - At MaturityFHLB30427313384HP7 AFD131322















Portfolio THDA


Report Ver. 7.3.6.1

OriginalPar Value

EndingBook Value

Sec.Type

Page 2

FundMaturity/

YTMAccrued

at PurchasePayment





Rate atPurchas

313384HP7270,000.00 2.500 07/01/2019 270,000.00269,362.5005/28/2019 2.54107/01 - At MaturityFHLB30437313384HP7 AFD131632

















Subtotal 59,205,000.0059,023,541.59 0.0059,205,000.00

313384JU41,045,000.00 2.270 07/30/2019 1,043,081.101,042,298.3906/19/2019 2.30707/30 - At MaturityFHLB30465313384JU4 AFD131312



1,000,000.00 2.270 07/30/2019 998,163.73997,414.7306/19/2019 2.30707/30 - At MaturityFHLB30468313384JU4 AFD131422















Portfolio THDA


Report Ver. 7.3.6.1

OriginalPar Value

EndingBook Value

Sec.Type

Page 3

FundMaturity/

YTMAccrued

at PurchasePayment





Rate atPurchas

313384JU41,000,000.00 2.270 07/30/2019 998,162.34996,658.0606/07/2019 2.30907/30 - At MaturityFHLB30449313384JU4 AFD137402

Subtotal 16,868,965.6516,855,552.19 0.0016,900,000.00

313384LF41,300,000.00 1.309 09/03/2019 1,297,003.761,296,359.4606/18/2019 1.33109/03 - At MaturityFHLB30527313384LF4 AFD131312

















Subtotal 11,189,151.6911,183,593.32 0.0011,215,000.00

313588GK570,000.00 2.375 06/03/2019 0.0069,759.8604/12/2019 2.41606/03 - At MaturityFNMA30381313588GK5 AFD131322

35,000.00 2.375 06/03/2019 0.0034,879.9304/12/2019 2.41606/03 - At MaturityFNMA30394313588GK5 AFD131412





Subtotal 0.00269,073.75 0.00270,000.00

115,248,265.01Total Purchases 115,590,000.00 0.00 87,263,117.34

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

2013 Res Float/Equity (merged)Sales/Call Report



RedemptionInterest

Book Valueat Redem.


Rate atRedem.


Issuer PurchaseDate

06/03/2019100,000.00 99,657.16 99,656.94 0.0030363313588GK5 04/12/201 99,656.94 -0.22131312 FNMA

AFD 06/03/20103/29/201 2.375

Sale

350,000.00 348,800.06 348,799.30 0.0030366313588GK5 04/12/201 348,799.30 -0.76131422 FNMAAFD 06/03/201

03/29/201 2.375Sale

135,000.00 134,537.17 134,536.88 0.0030368313588GK5 04/12/201 134,536.88 -0.29131512 FNMAAFD 06/03/201

03/29/201 2.375Sale

350,000.00 348,800.06 348,799.31 0.0030370313588GK5 04/12/201 348,799.31 -0.75131612 FNMAAFD 06/03/201

03/29/201 2.375Sale

5,000.00 4,982.86 4,982.85 0.0030375313588GK5 04/12/201 4,982.85 -0.01131732 FNMAAFD 06/03/201

03/29/201 2.375Sale

15,000.00 14,948.58 14,948.54 0.0030377313588GK5 04/12/201 14,948.54 -0.04131812 FNMAAFD 06/03/201

03/29/201 2.375Sale

35,000.00 34,880.00 34,879.93 0.0030378313588GK5 04/12/201 34,879.93 -0.07131822 FNMAAFD 06/03/201

03/29/201 2.375Sale

70,000.00 69,760.01 69,759.85 0.0030379313588GK5 04/12/201 69,759.85 -0.16131832 FNMAAFD 06/03/201

03/29/201 2.375Sale

Subtotal 1,056,365.90 1,056,363.60 0.001,060,000.00 1,056,363.60 -2.30

1,056,363.60Total Sales 1,060,000.00 0.001,056,365.90 1,056,363.60 -2.30

Portfolio THDA

ACData Updated: SET_13FM: 07/22/2019 12:43Run Date: 07/22/2019 - 12:43 SA (PRF_SA) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020




Sec.TypeFund

MaturityDate



PurchaseDate


1,880,000.00 2.375 1,880,000.000.0002/27/2019FHLB30286313384DU0 AFD131312 04/01/2019 0.001,880,000.00

1,015,000.00 2.375 1,015,000.000.0002/27/2019FHLB30287313384DU0 AFD131322 04/01/2019 0.001,015,000.00

860,000.00 2.375 860,000.000.0002/27/2019FHLB30288313384DU0 AFD131412 04/01/2019 0.00860,000.00

1,940,000.00 2.375 1,940,000.000.0002/27/2019FHLB30289313384DU0 AFD131422 04/01/2019 0.001,940,000.00

1,890,000.00 2.375 1,890,000.000.0002/27/2019FHLB30291313384DU0 AFD131512 04/01/2019 0.001,890,000.00

2,340,000.00 2.375 2,340,000.000.0002/27/2019FHLB30292313384DU0 AFD131522 04/01/2019 0.002,340,000.00

1,755,000.00 2.375 1,755,000.000.0002/27/2019FHLB30293313384DU0 AFD131612 04/01/2019 0.001,755,000.00

1,275,000.00 2.375 1,275,000.000.0002/27/2019FHLB30294313384DU0 AFD131622 04/01/2019 0.001,275,000.00

325,000.00 2.375 325,000.000.0002/27/2019FHLB30295313384DU0 AFD131632 04/01/2019 0.00325,000.00

895,000.00 2.375 895,000.000.0002/27/2019FHLB30296313384DU0 AFD131712 04/01/2019 0.00895,000.00

860,000.00 2.375 860,000.000.0002/27/2019FHLB30297313384DU0 AFD131722 04/01/2019 0.00860,000.00

470,000.00 2.375 470,000.000.0002/27/2019FHLB30298313384DU0 AFD131732 04/01/2019 0.00470,000.00

270,000.00 2.375 270,000.000.0002/27/2019FHLB30299313384DU0 AFD131742 04/01/2019 0.00270,000.00

315,000.00 2.375 315,000.000.0002/27/2019FHLB30300313384DU0 AFD131812 04/01/2019 0.00315,000.00

655,000.00 2.375 655,000.000.0002/27/2019FHLB30301313384DU0 AFD131822 04/01/2019 0.00655,000.00

930,000.00 2.375 930,000.000.0002/27/2019FHLB30302313384DU0 AFD131832 04/01/2019 0.00930,000.00

905,000.00 2.375 905,000.000.0002/27/2019FHLB30303313384DU0 AFD131842 04/01/2019 0.00905,000.00

598,000.00 2.380 598,000.000.0003/13/2019FNMA30304313588FA8 AFD137402 05/01/2019 0.00598,000.00

945,000.00 2.380 945,000.000.0003/13/2019FNMA30315313588FA8 AFD131312 05/01/2019 0.00945,000.00

1,015,000.00 2.380 1,015,000.000.0003/13/2019FNMA30316313588FA8 AFD131322 05/01/2019 0.001,015,000.00

750,000.00 2.380 750,000.000.0003/13/2019FNMA30317313588FA8 AFD131412 05/01/2019 0.00750,000.00

905,000.00 2.380 905,000.000.0003/13/2019FNMA30318313588FA8 AFD131422 05/01/2019 0.00905,000.00

1,390,000.00 2.380 1,390,000.000.0003/13/2019FNMA30320313588FA8 AFD131512 05/01/2019 0.001,390,000.00

920,000.00 2.380 920,000.000.0003/13/2019FNMA30321313588FA8 AFD131522 05/01/2019 0.00920,000.00

890,000.00 2.380 890,000.000.0003/13/2019FNMA30322313588FA8 AFD131612 05/01/2019 0.00890,000.00

810,000.00 2.380 810,000.000.0003/13/2019FNMA30323313588FA8 AFD131622 05/01/2019 0.00810,000.00

315,000.00 2.380 315,000.000.0003/13/2019FNMA30324313588FA8 AFD131632 05/01/2019 0.00315,000.00

535,000.00 2.380 535,000.000.0003/13/2019FNMA30325313588FA8 AFD131712 05/01/2019 0.00535,000.00

545,000.00 2.380 545,000.000.0003/13/2019FNMA30326313588FA8 AFD131722 05/01/2019 0.00545,000.00

467,000.00 2.380 467,000.000.0003/13/2019FNMA30327313588FA8 AFD131732 05/01/2019 0.00467,000.00

240,000.00 2.380 240,000.000.0003/13/2019FNMA30328313588FA8 AFD131742 05/01/2019 0.00240,000.00

220,000.00 2.380 220,000.000.0003/13/2019FNMA30329313588FA8 AFD131812 05/01/2019 0.00220,000.00

320,000.00 2.380 320,000.000.0003/13/2019FNMA30330313588FA8 AFD131822 05/01/2019 0.00320,000.00

175,000.00 2.380 175,000.000.0003/13/2019FNMA30331313588FA8 AFD131832 05/01/2019 0.00175,000.00

430,000.00 2.380 430,000.000.0003/13/2019FNMA30332313588FA8 AFD131842 05/01/2019 0.00430,000.00

7,500,000.00 2.340 7,500,000.000.0004/16/2019FHLB30396313384FS3 AFD137402 05/17/2019 0.007,500,000.00

7,500,000.00 2.370 7,500,000.000.0004/16/2019FHLB30397313384FZ7 AFD137402 05/24/2019 0.007,500,000.00

Portfolio THDA


Report Ver. 7.3.6.1


Sec.Type

Page 2

FundMaturity

DateMaturity

ProceedsInterest IncomeNet

Amounts due during April 1, 2019 - June 30, 2019Maturity Report


CUSIP Investment # IssuerPurchase

DateBook Valueat Maturity

10,000,000.00 2.375 10,000,000.000.0003/29/2019FNMA30349313588GG4 AFD137402 05/31/2019 0.0010,000,000.00

1,000,000.00 2.375 1,000,000.000.0003/29/2019FNMA30352313588GK5 AFD137402 06/03/2019 0.001,000,000.00

900,000.00 2.375 900,000.000.0003/29/2019FNMA30363313588GK5 AFD131312 06/03/2019 0.00900,000.00

540,000.00 2.375 540,000.000.0003/29/2019FNMA30364313588GK5 AFD131322 06/03/2019 0.00540,000.00

500,000.00 2.375 500,000.000.0003/29/2019FNMA30365313588GK5 AFD131412 06/03/2019 0.00500,000.00

530,000.00 2.375 530,000.000.0003/29/2019FNMA30366313588GK5 AFD131422 06/03/2019 0.00530,000.00

1,160,000.00 2.375 1,160,000.000.0003/29/2019FNMA30368313588GK5 AFD131512 06/03/2019 0.001,160,000.00

1,200,000.00 2.375 1,200,000.000.0003/29/2019FNMA30369313588GK5 AFD131522 06/03/2019 0.001,200,000.00

645,000.00 2.375 645,000.000.0003/29/2019FNMA30370313588GK5 AFD131612 06/03/2019 0.00645,000.00

660,000.00 2.375 660,000.000.0003/29/2019FNMA30371313588GK5 AFD131622 06/03/2019 0.00660,000.00

225,000.00 2.375 225,000.000.0003/29/2019FNMA30372313588GK5 AFD131632 06/03/2019 0.00225,000.00

365,000.00 2.375 365,000.000.0003/29/2019FNMA30373313588GK5 AFD131712 06/03/2019 0.00365,000.00

665,000.00 2.375 665,000.000.0003/29/2019FNMA30374313588GK5 AFD131722 06/03/2019 0.00665,000.00

365,000.00 2.375 365,000.000.0003/29/2019FNMA30375313588GK5 AFD131732 06/03/2019 0.00365,000.00

265,000.00 2.375 265,000.000.0003/29/2019FNMA30376313588GK5 AFD131742 06/03/2019 0.00265,000.00

245,000.00 2.375 245,000.000.0003/29/2019FNMA30377313588GK5 AFD131812 06/03/2019 0.00245,000.00

665,000.00 2.375 665,000.000.0003/29/2019FNMA30378313588GK5 AFD131822 06/03/2019 0.00665,000.00

310,000.00 2.375 310,000.000.0003/29/2019FNMA30379313588GK5 AFD131832 06/03/2019 0.00310,000.00

650,000.00 2.375 650,000.000.0003/29/2019FNMA30380313588GK5 AFD131842 06/03/2019 0.00650,000.00

70,000.00 2.375 70,000.000.0004/12/2019FNMA30381313588GK5 AFD131322 06/03/2019 0.0070,000.00

30,000.00 2.375 30,000.000.0004/12/2019FNMA30382313588GK5 AFD131622 06/03/2019 0.0030,000.00

25,000.00 2.375 25,000.000.0004/12/2019FNMA30391313588GK5 AFD131632 06/03/2019 0.0025,000.00

15,000.00 2.375 15,000.000.0004/12/2019FNMA30392313588GK5 AFD131712 06/03/2019 0.0015,000.00

95,000.00 2.375 95,000.000.0004/12/2019FNMA30393313588GK5 AFD131722 06/03/2019 0.0095,000.00

35,000.00 2.375 35,000.000.0004/12/2019FNMA30394313588GK5 AFD131412 06/03/2019 0.0035,000.00

2,000,000.00 2.360 2,000,000.000.0004/16/2019FHLB30400313384GM5 AFD131612 06/05/2019 0.002,000,000.00

4,000,000.00 2.360 4,000,000.000.0004/16/2019FHLB30401313384GM5 AFD131512 06/05/2019 0.004,000,000.00

7,000,000.00 2.370 7,000,000.000.0004/16/2019FHLB30404313384HC6 AFD131312 06/20/2019 0.007,000,000.00

650,000.00 1.500 654,875.004,875.0005/02/2018FHLB299043130ACJ96 FAC131412 06/28/2019 4,875.00650,000.00

370,000.00 1.500 372,775.002,775.0005/02/2018FHLB299053130ACJ96 FAC131422 06/28/2019 2,775.00370,000.00

515,000.00 1.500 518,862.503,862.5005/02/2018FHLB299063130ACJ96 FAC131512 06/28/2019 3,862.50515,000.00

630,000.00 1.500 634,725.004,725.0005/02/2018FHLB299073130ACJ96 FAC131522 06/28/2019 4,725.00630,000.00

20,000.00 1.500 20,150.00150.0005/02/2018FHLB299083130ACJ96 FAC131632 06/28/2019 150.0020,000.00

555,000.00 1.500 559,162.504,162.5005/02/2018FHLB299093130ACJ96 FAC131712 06/28/2019 4,162.50555,000.00

475,000.00 1.500 478,562.503,562.5005/02/2018FHLB299103130ACJ96 FAC131722 06/28/2019 3,562.50475,000.00

55,000.00 1.500 55,412.50412.5005/02/2018FHLB299113130ACJ96 FAC131742 06/28/2019 412.5055,000.00

300,000.00 1.500 302,250.002,250.0005/02/2018FHLB299123130ACJ96 FAC131632 06/28/2019 2,250.00300,000.00

82,806,775.00Total Maturities 82,780,000.00 26,775.0082,780,000.00 26,775.00

Portfolio THDA


Report Ver. 7.3.6.1

RESERVE FUNDS (DSRF & BRF) DESCRIPTION Debt Service Reserve Fund (DSRF) -These funds have been set aside from prior bond proceeds, and represent the maximum annual debt service for the life of the bonds. The Debt Service Reserve requirement is by Resolution rather than bond issue. The calculation of the DSRF is performed by the Financial Advisor at the time of a new bond issue as well as annually and is based on amortized value rather than market value (pursuant to the terms of the General Bond Resolutions) For most of THDA’s history, the standard practice has been to invest the DSRF in investments with approximately the same maturity of the longest-term bond. This practice has been at the advice of Underwriters, Financial Advisors and Rating Agencies. However, beginning in 1993 when rates were at historic lows the Rating Agencies required substantially shorter maturity DSRF investment since a 30-year investment would lose substantial value if rates increased substantially. Therefore since that time investment decisions for these funds have been influenced by market conditions at the time of the investments. Debt Service Reserve Fund (DSRF) – An analysis of the 1985 Resolution DSRF was performed as of June 30, 2019. The resulting Debt Service Reserve Fund requirement was $21,793,368.77. Bond Reserve Fund (BRF) - In December of 2009, THDA established a new general bond resolution, the Housing Finance Program (the 2009 resolution). This resolution calls for a Bond Reserve Fund. The required deposit for this fund is the greater of an amount equal to the aggregate of the respective amounts for each series of bonds established in the supplemental resolution authorizing such series or an amount equal to 3% of the then current balance of the program loans plus any other amount on deposit in the loan fund which has not been designated to provide for the payment of costs of issuance or capitalized interest. An analysis was performed as of June 30, 2019 to determine the amount to be held in the Bond Reserve Fund. This analysis determined that this balance needed to be $5,907,988.08. In May of 2013, THDA established a new general bond resolution, the Residential Finance Program (the 2013 resolution). As with the 2009 resolution, this resolution calls for a Bond Reserve Fund. The amount of the required deposit for this fund is calculated in the same manner as in the 2009

resolution. CSG Advisors preformed an analysis in conjunction with the sale of Bond Issue 2019-2 in June of 2019 under this resolution. The resulting Bond Reserve Fund requirement was $68,163,340.

THDA QUARTERLY INVESTMENT REPORT RESERVE FUNDS

June 30, 2019


Cost Value Cost Value Cost Value6/30/15 102,747,919.20 109,708,484.13 21,261,458.24 21,278,590.89 37,356,482.00 37,224,653.386/30/16 101,336,830.72 104,120,340.61 21,263,369.95 21,206,044.69 46,304,284.25 46,037,294.516/30/18 91,015,399.41 91,610,612.61 21,307,582.65 20,713,277.95 50,951,091.06 49,480,576.186/30/19 58,153,475.70 59,557,185.59 13,221,985.12 13,222,283.86 134,611,857.31 73,196,454.34


1985 Resolution 3.118% 3.056% 3.056% 2.935%2009 Resolution 2.586% 2.302% 2.302% 2.423%2013 Resolution 2.424% 2.503% 2.503% 2.508%


Duration 1985 Resolution 2009 Resolution 2013 ResolutionAverage Duration to Maturity (Years) 2.9 5.2 4.1Average Duration to Call (Years) 2.5 4.2 3.2

Asset Allocation Dollar value* Percentage Dollar value* Percentage Dollar value* PercentageMoney Market Funds 11,725,646.69 20.16% 1,432,911.11 10.84% 7,917,296.73 10.80%Federal Agency Coupons 35,785,666.98 61.54% 11,789,074.01 89.16% 64,379,130.41 87.83%Treasury Coupon Securities 10,642,162.63 18.30% - 0.00% 1,002,494.86 1.37%Variable Rate Securities - 0.00% - 0.00% - 0.00%Repurchase Agreements - 0.00% - 0.00% - 0.00%Pass Through Securities - 0.00% - 0.00% - 0.00%Discount Bonds - 0.00% - 0.00% - 0.00%

Total 58,153,476.30 100.00% 13,221,985.12 100.00% 73,298,922.00 100.00%



2009 Resolution 2013 Resolution1985 Resolution

1985 Res DSRF MergedInvestments by Issuer



(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank1,231,500.01295573130ABNM4 3641.640Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.6511,234,870.72

99,860.80295733130AC6L3 08/24/20196041.800Federal Agency Coupon Securities Fair 02/24/202106/28/2019 1.82699,976.36

1,271,961.68295783130ACBC7 09/29/20195471.750Federal Agency Coupon Securities Fair 12/29/202006/28/2019 1.7501,275,000.00

1,800,048.60297603130AD6E7 2,7303.000Federal Agency Coupon Securities Fair 12/21/202606/28/2019 3.0001,800,000.00

1,997,216.00295743130AC6L3 08/24/20196041.800Federal Agency Coupon Securities Fair 02/24/202106/28/2019 1.8261,999,527.11

5,000,120.00296723130ABKF2 1,7162.520Federal Agency Coupon Securities Fair 03/12/202406/28/2019 2.5374,996,361.88


1,600,036.80300853130AAGL6 07/17/20192,7373.120Federal Agency Coupon Securities Fair 12/28/202606/28/2019 3.2721,598,177.48

1,423,176.00295683130ABZZ2 581.500Federal Agency Coupon Securities Fair 08/28/201906/28/2019 1.5001,425,000.00

2,496,520.00295703130AC6L3 08/24/20196041.800Federal Agency Coupon Securities Fair 02/24/202106/28/2019 1.8262,499,408.89

4,600,110.40296713130ABKF2 1,7162.520Federal Agency Coupon Securities Fair 03/12/202406/28/2019 2.5374,596,652.93

23,408,601.27 2.36823,412,975.37Subtotal and Average 1,491

Federal Home Loan Mortgage Cor798,562.40296663134GBM33 881.500Federal Agency Coupon Securities Fair 09/27/201906/28/2019 1.551799,904.31

698,742.10296653134GBM33 881.500Federal Agency Coupon Securities Fair 09/27/201906/28/2019 1.551699,916.27


Federal National Mortgage Admi2,592,162.002394931364FPD7 3,1266.000Federal Agency Coupon Securities Fair 01/21/202806/28/2019 4.0902,232,871.03

1,992,172.00289783136G3VG7 4561.500Federal Agency Coupon Securities Fair 09/29/202006/28/2019 1.5002,000,000.00

244,419.84291723136G4HR7 08/25/20194211.625Federal Agency Coupon Securities Fair 08/25/202006/28/2019 1.625245,000.00

867,536.16291903136G4GZ0 5131.600Federal Agency Coupon Securities Fair 11/25/202006/28/2019 1.600870,000.00

1,992,172.00289793136G3VG7 4561.500Federal Agency Coupon Securities Fair 09/29/202006/28/2019 1.5002,000,000.00

1,271,980.80291763136G4HR7 08/25/20194211.625Federal Agency Coupon Securities Fair 08/25/202006/28/2019 1.6251,275,000.00

1,375,114.13291873136G4GY3 8791.850Federal Agency Coupon Securities Fair 11/26/202106/28/2019 1.8501,375,000.00



United States Treasury1,648,761.8523952912810ED6 458.125Treasury Coupon Securities Fair 08/15/201906/28/2019 2.2781,647,631.49

139,998.7225307912810ED6 458.125Treasury Coupon Securities Fair 08/15/201906/28/2019 8.135138,998.46

3,420,400.2628649912810ED6 458.125Treasury Coupon Securities Fair 08/15/201906/28/2019 8.1313,395,963.03

Portfolio THDA

ACData Updated: SET_85DN: 07/22/2019 11:50Run Date: 07/22/2019 - 11:50 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1



CurrentRate

CallDate



Investments by Issuer1985 Res DSRF Merged


YTM/CBook Value

6,508,393.3728680912810EQ7 1,5066.250Treasury Coupon Securities Fair 08/15/202306/28/2019 6.6115,459,569.65


47,831,538.90 3.21546,427,829.61Total and Average 1,185

Portfolio THDA

ACData Updated: SET_85DN: 07/22/2019 11:50Run Date: 07/22/2019 - 11:50 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

1985 Res DSRF SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


35,563,000.00Subtotal 35,785,666.98

Treasury Coupon Securities

10,696,000.00Subtotal 10,642,162.63

46,427,829.6146,259,000.00Total

Portfolio THDA

ACData Updated: SET_85DS: 07/22/2019 11:52Run Date: 07/22/2019 - 11:52 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

1985 Res DSRF SummaryInterest Earnings





MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2010-1 DSRF (133531350)

11,162,000.00Subtotal 11,405,349.60 2.516 71,734.39-28,267.82100,002.2111,433,617.42

Fund: 2011-1 DSRF (133531850)

16,952,000.00Subtotal 16,945,969.24 2.249 97,868.81429.4697,439.3517,475,539.78

Fund: 1985 A-L DSRF (6076006026)

18,145,000.00Subtotal 18,076,510.77 4.150 220,998.914,323.44216,675.4721,472,187.33

46,259,000.00Total 46,427,829.61 3.118 390,602.11-23,514.92414,117.0350,381,344.53

Portfolio THDA

ACData Updated: SET_85DS: 07/22/2019 11:52Run Date: 07/22/2019 - 11:52 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-2 DSRF (133531050)

0.00Subtotal 0.00 1.577 13,434.7434.7313,400.012,269,753.01

Fund: 2010-1 DSRF (133531350)

11,162,000.00Subtotal 11,405,349.60 2.483 285,966.49-113,307.53399,274.0211,518,657.13

Fund: 2011-1 DSRF (133531850)

16,952,000.00Subtotal 16,945,969.24 2.331 450,013.631,666.53448,347.1019,341,317.14

Fund: 1985 A-L DSRF (6076006026)

18,145,000.00Subtotal 18,076,510.77 3.981 941,163.0526,274.72914,888.3324,788,608.39

46,259,000.00Total 46,427,829.61 3.056 1,690,577.91-85,331.551,775,909.4657,918,335.67

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-2 DSRF (133531050)

0.00Subtotal 0.00 1.582 46,122.75112.7446,010.011,000,000.00

Fund: 2010-1 DSRF (133531350)

11,162,000.00Subtotal 11,405,349.60 2.455 537,587.10-226,636.20764,223.307,222,406.30

Fund: 2011-1 DSRF (133531850)

16,952,000.00Subtotal 16,945,969.24 1.987 766,289.182,810.14763,479.045,663,973.53

Fund: 1985 A-L DSRF (6076006026)

18,145,000.00Subtotal 18,076,510.77 4.052 1,848,953.2743,309.151,805,644.1212,153,123.96

46,259,000.00Total 46,427,829.61 2.935 3,198,952.30-180,404.173,379,356.4726,039,503.79

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

1985 Res DSRF MergedMaturity Report



Sec.TypeFund

MaturityDate



PurchaseDate


3,400,000.00 1.500 3,425,500.0025,500.0009/29/2017FHLB296683130ACJ96 FAC8585R5 06/28/2019 25,500.003,400,000.00

530,000.00 1.500 533,975.003,975.0009/29/2017FHLB296693130ACJ96 FAC851115 06/28/2019 3,975.00530,000.00

3,959,475.00Total Maturities 3,930,000.00 29,475.003,930,000.00 29,475.00

Portfolio THDA

ACData Updated: SET_85DN: 07/22/2019 11:50Run Date: 07/22/2019 - 11:50 MA (PRF_MA) 7.1.1

Report Ver. 7.3.6.1

2009 Res BRF MergedInvestments by Issuer



(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank249,291.50295553130ABNM4 3641.640Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.651249,973.83

150,000.75288733130A8F99 2,5412.580Federal Agency Coupon Securities Fair 06/15/202606/28/2019 2.580150,000.00

900,014.40295143130ABMC7 4,7463.300Federal Agency Coupon Securities Fair 06/28/203206/28/2019 3.315898,591.95

970,018.43295623130ACAE4 3,7073.190Federal Agency Coupon Securities Fair 08/24/202906/28/2019 3.190970,000.00

898,561.80296913130ACHR8 07/23/20191141.600Federal Agency Coupon Securities Fair 10/23/201906/28/2019 1.826900,000.00




500,011.50292063130AAGL6 07/17/20192,7373.120Federal Agency Coupon Securities Fair 12/28/202606/28/2019 2.643498,876.25


1,400,007.00288773130A8F99 2,5412.580Federal Agency Coupon Securities Fair 06/15/202606/28/2019 2.5801,400,000.00

1,500,007.50289753130A8J38 1,0941.900Federal Agency Coupon Securities Fair 06/29/202206/28/2019 1.9001,500,000.00



500,011.50300843130AAGL6 07/17/20192,7373.120Federal Agency Coupon Securities Fair 12/28/202606/28/2019 3.272499,430.46









Portfolio THDA

ACData Updated: SET_09DA: 07/22/2019 11:56Run Date: 07/22/2019 - 11:56 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

2009 Res BRF SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


11,795,000.00Subtotal 11,789,074.01

11,789,074.0111,795,000.00Total

Portfolio THDA

ACData Updated: SET_09DS: 07/22/2019 11:57Run Date: 07/22/2019 - 11:57 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1

2009 Res BRF SummaryInterest Earnings





MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A BRF (133531150)

330,000.00Subtotal 329,973.83 1.649 1,356.586.581,350.00329,967.25

Fund: 2010-A BRF (133531250)

0.00Subtotal 0.00 2.443 19,994.47-9,804.5129,798.983,433,217.62

Fund: 2010-B BRF (133531450)

3,020,000.00Subtotal 3,018,591.95 2.679 20,161.6027.1020,134.503,018,564.85

Fund: 2011-A BRF (133531550)

510,000.00Subtotal 509,967.55 1.645 2,091.668.162,083.50509,959.39

Fund: 2011-B BRF (133531650)

1,400,000.00Subtotal 1,398,688.96 3.144 10,963.7543.7510,920.001,398,645.21

Fund: 2011-C BRF (133531750)

1,275,000.00Subtotal 1,273,563.35 2.648 8,406.9543.528,363.431,273,519.83

Fund: 2015-A BRF (133532550)

5,260,000.00Subtotal 5,258,288.37 2.604 41,525.0140.9841,484.036,448,247.39

11,795,000.00Total 11,789,074.01 2.586 104,500.02-9,634.42114,134.4416,412,121.54

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A BRF (133531150)

330,000.00Subtotal 329,973.83 1.595 6,603.2826.326,576.96649,947.51

Fund: 2010-A BRF (133531250)

0.00Subtotal 0.00 2.399 82,205.75-40,683.36122,889.113,464,096.47

Fund: 2010-B BRF (133531450)

3,020,000.00Subtotal 3,018,591.95 2.672 80,646.39108.3980,538.003,018,483.56

Fund: 2011-A BRF (133531550)

510,000.00Subtotal 509,967.55 1.229 11,789.9439.6311,750.311,454,868.79

Fund: 2011-B BRF (133531650)

1,400,000.00Subtotal 1,398,688.96 1.816 54,435.89217.2254,218.672,996,815.63

Fund: 2011-C BRF (133531750)

1,275,000.00Subtotal 1,273,563.35 2.052 41,737.16205.7641,531.402,997,115.51

Fund: 2015-A BRF (133532550)

5,260,000.00Subtotal 5,258,288.37 2.589 165,515.22147.88165,367.346,363,770.00

11,795,000.00Total 11,789,074.01 2.302 442,933.63-39,938.16482,871.7920,945,097.47

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2009-A BRF (133531150)

330,000.00Subtotal 329,973.83 1.649 15,725.2448.8315,676.41100,000.00

Fund: 2010-A BRF (133531250)

0.00Subtotal 0.00 2.411 158,710.53-81,834.27240,544.801,505,582.38

Fund: 2010-B BRF (133531450)

3,020,000.00Subtotal 3,018,591.95 2.708 150,932.45211.95150,720.50250,000.00

Fund: 2011-A BRF (133531550)

510,000.00Subtotal 509,967.55 1.485 32,195.6795.9232,099.75200,000.00

Fund: 2011-B BRF (133531650)

1,400,000.00Subtotal 1,398,688.96 2.476 148,410.89592.22147,818.672,996,440.63

Fund: 2011-C BRF (133531750)

1,275,000.00Subtotal 1,273,563.35 2.260 113,483.10528.77112,954.332,797,152.50

Fund: 2015-A BRF (133532550)

5,260,000.00Subtotal 5,258,288.37 2.562 323,292.19231.88323,060.314,905,000.00

11,795,000.00Total 11,789,074.01 2.423 942,750.07-80,124.701,022,874.7712,754,175.51

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

2009 Res BRF MergedSales/Call Report



RedemptionInterest

Book Valueat Redem.


Rate atRedem.


Issuer PurchaseDate

08/15/2019535,000.00 538,060.48 538,500.07 15,850.4823550912810ED6 06/27/201 554,350.55 16,290.070910A5 UST

TRC 08/15/20106/17/201 8.125

Sale

433,000.00 435,476.99 435,832.76 12,828.5223556912810ED6 06/27/201 448,661.28 13,184.290910A5 USTTRC 08/15/201

06/17/201 8.125Sale

Subtotal 973,537.47 974,332.83 28,679.00968,000.00 1,003,011.83 29,474.36

06/29/2020950,000.00 949,899.44 949,899.97 7,703.44295563130ABNM4 06/27/201 957,603.41 7,703.970910A5 FHLB

FAC 06/29/20208/23/201 1.640

Sale

Subtotal 949,899.44 949,899.97 7,703.44950,000.00 957,603.41 7,703.97

12/29/2020950,000.00 950,000.00 950,000.00 8,220.14295773130ACBC7 06/27/201 958,220.14 8,220.140910A5 FHLB

FAC 12/29/20209/29/201 1.750

Sale

Subtotal 950,000.00 950,000.00 8,220.14950,000.00 958,220.14 8,220.14

02/24/2021100,000.00 99,976.20 99,974.86 615.00295723130AC6L3 06/27/201 100,589.86 613.660910A5 FHLB

FAC 02/24/20208/30/201 1.800

Sale

Subtotal 99,976.20 99,974.86 615.00100,000.00 100,589.86 613.66

12/27/20231,190,000.00 1,190,000.00 1,190,000.00 16,660.00292023130AAHM3 06/27/201 1,206,660.00 16,660.000915A5 FHLB

FAC 12/27/20212/27/201 2.800

Call

Subtotal 1,190,000.00 1,190,000.00 16,660.001,190,000.00 1,206,660.00 16,660.00

06/15/2026450,000.00 450,000.00 450,000.00 387.00288723130A8F99 06/27/201 450,387.00 387.000910A5 FHLB

FAC 06/15/20206/15/201 2.580

Sale

Subtotal 450,000.00 450,000.00 387.00450,000.00 450,387.00 387.00

4,614,207.66Total Sales 4,608,000.00 62,264.584,613,413.11 4,676,472.24 63,059.13

Portfolio THDA

ACData Updated: SET_09DA: 07/22/2019 11:56Run Date: 07/22/2019 - 11:56 SA (PRF_SA) 7.1.1

Report Ver. 7.3.6.1

2013 Res BRF mergedInvestments by Issuer



(615)815-2020


June 30, 2019



CurrentRate

CallDate


InvestmentClass

YTM/CBook Value

Federal Home Loan Bank400,002.00288753130A8F99 2,5412.580Federal Agency Coupon Securities Fair 06/15/202606/28/2019 2.580400,000.00





1,223,042.45296923130ACHR8 07/23/20191141.600Federal Agency Coupon Securities Fair 10/23/201906/28/2019 1.6001,225,000.00

1,221,528.35295593130ABNM4 3641.640Federal Agency Coupon Securities Fair 06/29/202006/28/2019 1.6511,224,871.77


1,671,008.48295803130ACBC7 09/29/20195471.750Federal Agency Coupon Securities Fair 12/29/202006/28/2019 1.7501,675,000.00



1,920,030.72295183130ABMC7 4,7463.300Federal Agency Coupon Securities Fair 06/28/203206/28/2019 3.3151,916,996.15


999,246.00296083130ACEM2 3,3613.000Federal Agency Coupon Securities Fair 09/12/202806/28/2019 3.0001,000,000.00





1,180,022.42295663130ACAE4 3,7073.190Federal Agency Coupon Securities Fair 08/24/202906/28/2019 3.1901,180,000.00



2,980,056.62295673130ACAE4 3,7073.190Federal Agency Coupon Securities Fair 08/24/202906/28/2019 3.1902,980,000.00


999,246.00296093130ACEM2 3,3613.000Federal Agency Coupon Securities Fair 09/12/202806/28/2019 3.0001,000,000.00

1,750,008.75288783130A8F99 2,5412.580Federal Agency Coupon Securities Fair 06/15/202606/28/2019 2.5801,750,000.00




1,547,523.10296963130ACHR8 07/23/20191141.600Federal Agency Coupon Securities Fair 10/23/201906/28/2019 1.6001,550,000.00

2,800,042.00295003130ABMW3 2,9333.000Federal Agency Coupon Securities Fair 07/12/202706/28/2019 3.0002,800,000.00

400,009.60296733130ABKF2 1,7162.520Federal Agency Coupon Securities Fair 03/12/202406/28/2019 2.537399,708.95

150,004.05297623130AD6E7 2,7303.000Federal Agency Coupon Securities Fair 12/21/202606/28/2019 3.000150,000.00



Portfolio THDA

ACData Updated: SET_13BR: 07/22/2019 13:39Run Date: 07/22/2019 - 13:39 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1



CurrentRate

CallDate



Investments by Issuer2013 Res BRF merged


YTM/CBook Value

619,206.40301743130ABZZ2 581.500Federal Agency Coupon Securities Fair 08/28/201906/28/2019 1.499620,000.00






Federal Home Loan Mortgage Cor99,820.30296673134GBM33 881.500Federal Agency Coupon Securities Fair 09/27/201906/28/2019 1.55199,988.04


4,142,236.09301343134GBVV1 09/29/20199122.000Federal Agency Coupon Securities Fair 12/29/202106/28/2019 1.9994,142,000.00



2,995,737.00304943134GBRW4 09/15/20191,0802.250Federal Agency Coupon Securities Fair 06/15/202206/28/2019 2.8723,002,250.00








1,725,143.18291883136G4GY3 8791.850Federal Agency Coupon Securities Fair 11/26/202106/28/2019 1.8501,725,000.00

2,333,373.12291923136G4GZ0 5131.600Federal Agency Coupon Securities Fair 11/25/202006/28/2019 1.6002,340,000.00


675,056.03291893136G4GY3 8791.850Federal Agency Coupon Securities Fair 11/26/202106/28/2019 1.850675,000.00


996,086.00301733136G3VG7 4561.500Federal Agency Coupon Securities Fair 09/29/202006/28/2019 1.5001,000,000.00


United States Treasury974,955.0830493912810ED6 458.125Treasury Coupon Securities Fair 08/15/201906/28/2019 3.1771,002,494.86

974,955.08 3.1771,002,494.86Subtotal and Average 45


Portfolio THDA

ACData Updated: SET_13BR: 07/22/2019 13:39Run Date: 07/22/2019 - 13:39 DI (PRF_DI) 7.1.1

Report Ver. 7.3.6.1

2013 Res BRF SummaryInvestments by All Types



(615)815-2020


Par ValueCall

PriceMaturity

DateCurrent

RateCall


Price


64,359,000.00Subtotal 64,379,130.41

Treasury Coupon Securities

968,000.00Subtotal 1,002,494.86

65,381,625.2765,327,000.00Total

Portfolio THDA

ACData Updated: SET_13BS: 07/22/2019 12:05Run Date: 07/22/2019 - 12:06 AT (PRF_DT) 7.1.1

Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 BRF (133532150)

5,745,000.00Subtotal 5,741,627.41 2.328 33,324.09104.5933,219.505,741,522.82

Fund: 2013-2 BRF (133532250)

3,775,000.00Subtotal 3,774,836.30 1.698 15,978.8837.6215,941.263,774,798.68

Fund: 2014-1 BRF (133532350)

4,380,000.00Subtotal 4,376,933.34 2.833 30,919.2273.5930,845.634,376,859.75

Fund: 2014-2 BRF (133532450)

4,225,000.00Subtotal 4,222,190.63 2.791 29,378.0693.7529,284.314,222,096.88

Fund: 2015-1 BRF (133532650)

3,035,000.00Subtotal 3,033,200.82 2.879 21,774.8034.6221,740.183,033,166.20

Fund: 2015-2 BRF (133532750)

4,265,000.00Subtotal 4,264,987.96 3.055 32,483.773.0232,480.754,264,984.94

Fund: 2016-1 BRF (133532850)

9,620,000.00Subtotal 9,617,363.81 2.178 52,221.3550.7352,170.629,617,313.08

Fund: 2016-2 BRF (133532950)

1,835,000.00Subtotal 1,835,000.00 2.083 14,566.400.0014,566.402,850,000.00

Fund: 2016-3 BRF (133533050)

1,955,000.00Subtotal 1,951,941.39 3.326 16,187.6058.8516,128.751,951,882.54

Fund: 2017-1 BRF (133533150)

1,550,000.00Subtotal 1,550,000.00 1.604 6,200.000.006,200.001,550,000.00

Portfolio THDA

ACData Updated: SET_13BS: 07/22/2019 12:05Run Date: 07/22/2019 - 12:06 IE (PRF_IE) 7.2.0

Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value


Page 2

Book ValueBeginning

Book Value




April 1, 2019 - June 30, 2019Interest Earnings

2013 Res BRF Summary


InterestEarned

Fund: 2017-2 BRF (133533250)

2,800,000.00Subtotal 2,800,000.00 3.008 21,000.000.0021,000.002,800,000.00

Fund: 2017-3 BRF (133533350)

650,000.00Subtotal 649,696.99 2.499 4,048.0128.014,020.00649,668.98

Fund: 2017-4 BRF (133533450)

1,162,000.00Subtotal 1,162,000.00 3.008 8,715.000.008,715.001,162,000.00

Fund: 2018-2 BRF (133533650)

1,850,000.00Subtotal 1,856,579.56 2.070 1,152.9022.341,130.560.00

Fund: 2018-3 BRF (133533750)

4,142,000.00Subtotal 4,142,000.00 2.005 20,710.000.0020,710.004,142,000.00

Fund: 2018-4 BRF (133533850)

4,670,000.00Subtotal 4,678,381.96 1.857 14,800.3940.7314,759.665,487,980.42

Fund: 2019-1 BRF (133533950)

3,250,000.00Subtotal 3,261,558.69 2.458 6,306.7827.676,279.113,218,157.43

Fund: 2019-2 BRF (133574150)

6,418,000.00Subtotal 6,463,326.41 2.287 1,610.22-515.692,125.910.00

65,327,000.00Total 65,381,625.27 2.424 331,377.4759.83331,317.6458,842,431.72

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 BRF (133532150)

5,745,000.00Subtotal 5,741,627.41 2.423 157,886.57418.35157,468.226,976,209.06

Fund: 2013-2 BRF (133532250)

3,775,000.00Subtotal 3,774,836.30 1.693 63,915.48150.4863,765.003,774,685.82

Fund: 2014-1 BRF (133532350)

4,380,000.00Subtotal 4,376,933.34 2.824 124,421.66300.27124,121.394,566,291.14

Fund: 2014-2 BRF (133532450)

4,225,000.00Subtotal 4,222,190.63 2.783 117,512.26375.00117,137.264,221,815.63

Fund: 2015-1 BRF (133532650)

3,035,000.00Subtotal 3,033,200.82 2.872 87,099.25138.4986,960.763,033,062.33

Fund: 2015-2 BRF (133532750)

4,265,000.00Subtotal 4,264,987.96 3.047 129,935.1012.10129,923.004,264,975.86

Fund: 2016-1 BRF (133532850)

9,620,000.00Subtotal 9,617,363.81 2.174 210,577.07202.91210,374.1610,052,160.90

Fund: 2016-2 BRF (133532950)

1,835,000.00Subtotal 1,835,000.00 2.086 59,212.980.0059,212.982,850,000.00

Fund: 2016-3 BRF (133533050)

1,955,000.00Subtotal 1,951,941.39 3.318 64,750.43235.4364,515.001,951,705.96

Fund: 2017-1 BRF (133533150)

1,550,000.00Subtotal 1,550,000.00 1.600 24,800.000.0024,800.001,550,000.00

Portfolio THDA


Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value


Page 2

Book ValueBeginning

Book Value







InterestEarned

Fund: 2017-2 BRF (133533250)

2,800,000.00Subtotal 2,800,000.00 3.000 84,000.000.0084,000.002,800,000.00

Fund: 2017-3 BRF (133533350)

650,000.00Subtotal 649,696.99 2.646 22,165.36112.0322,053.33949,584.96

Fund: 2017-4 BRF (133533450)

1,162,000.00Subtotal 1,162,000.00 3.000 34,860.000.0034,860.001,162,000.00

Fund: 2018-1 BRF (133533550)

0.00Subtotal 0.00 4.011 12,804.440.0012,804.44430,000.00

Fund: 2018-2 BRF (133533650)

1,850,000.00Subtotal 1,856,579.56 3.934 55,795.1222.3455,772.781,835,000.00

Fund: 2018-3 BRF (133533750)

4,142,000.00Subtotal 4,142,000.00 2.006 63,050.440.0063,050.440.00

Fund: 2018-4 BRF (133533850)

4,670,000.00Subtotal 4,678,381.96 1.738 29,387.0673.4129,313.650.00

Fund: 2019-1 BRF (133533950)

3,250,000.00Subtotal 3,261,558.69 2.433 7,258.2125.107,233.110.00

Fund: 2019-2 BRF (133574150)

6,418,000.00Subtotal 6,463,326.41 2.287 1,610.22-515.692,125.910.00

65,327,000.00Total 65,381,625.27 2.503 1,351,041.651,550.221,349,491.4350,417,491.66

Portfolio THDA


Report Ver. 7.3.6.1






MaturityDate

CurrentRate

EndingPar Value


BeginningBook Value





Fund: 2013-1 BRF (133532150)

5,745,000.00Subtotal 5,741,627.41 2.406 287,867.34834.78287,032.563,786,440.63

Fund: 2013-2 BRF (133532250)

3,775,000.00Subtotal 3,774,836.30 1.694 114,934.70278.80114,655.90250,000.00

Fund: 2014-1 BRF (133532350)

4,380,000.00Subtotal 4,376,933.34 2.822 242,213.13613.24241,599.891,049,614.17

Fund: 2014-2 BRF (133532450)

4,225,000.00Subtotal 4,222,190.63 2.805 231,408.50750.00230,658.503,481,440.63

Fund: 2015-1 BRF (133532650)

3,035,000.00Subtotal 3,033,200.82 2.883 165,221.71270.82164,950.89355,000.00

Fund: 2015-2 BRF (133532750)

4,265,000.00Subtotal 4,264,987.96 3.052 238,456.9122.46238,434.450.00

Fund: 2016-1 BRF (133532850)

9,620,000.00Subtotal 9,617,363.81 2.176 427,857.14396.81427,460.338,370,000.00

Fund: 2016-2 BRF (133532950)

1,835,000.00Subtotal 1,835,000.00 2.087 118,741.740.00118,741.742,850,000.00

Fund: 2016-3 BRF (133533050)

1,955,000.00Subtotal 1,951,941.39 3.317 126,623.07460.39126,162.680.00

Fund: 2017-1 BRF (133533150)

1,550,000.00Subtotal 1,550,000.00 1.601 41,884.440.0041,884.440.00

Portfolio THDA


Report Ver. 7.3.6.1

MaturityDate

CurrentRate

EndingPar Value


Page 2

Book ValueBeginning

Book Value







InterestEarned

Fund: 2017-2 BRF (133533250)

2,800,000.00Subtotal 2,800,000.00 2.999 165,433.330.00165,433.330.00

Fund: 2017-3 BRF (133533350)

650,000.00Subtotal 649,696.99 2.598 34,620.99196.9934,424.000.00

Fund: 2017-4 BRF (133533450)

1,162,000.00Subtotal 1,162,000.00 3.003 53,161.500.0053,161.500.00

Fund: 2018-1 BRF (133533550)

0.00Subtotal 0.00 4.012 13,282.220.0013,282.220.00

Fund: 2018-2 BRF (133533650)

1,850,000.00Subtotal 1,856,579.56 3.939 57,834.0122.3457,811.670.00

Fund: 2018-3 BRF (133533750)

4,142,000.00Subtotal 4,142,000.00 2.006 63,050.440.0063,050.440.00

Fund: 2018-4 BRF (133533850)

4,670,000.00Subtotal 4,678,381.96 1.738 29,387.0673.4129,313.650.00

Fund: 2019-1 BRF (133533950)

3,250,000.00Subtotal 3,261,558.69 2.433 7,258.2125.107,233.110.00

Fund: 2019-2 BRF (133574150)

6,418,000.00Subtotal 6,463,326.41 2.287 1,610.22-515.692,125.910.00

65,327,000.00Total 65,381,625.27 2.508 2,420,846.663,429.452,417,417.2120,142,495.43

Portfolio THDA


Report Ver. 7.3.6.1



(615)815-2020

2013 Res BRF mergedPurchases Report


OriginalPar Value

EndingBook Value

Sec.TypeFund

Maturity/YTM


PurchaseDate

PrincipalPurchase

Rate atPurchas

3130A8F99450,000.00 2.580 06/15/2026 450,387.00450,000.00 387.0006/27/2019 12/15 - 06/15FHLB304893130A8F99 FAC131925

Subtotal 450,387.00450,000.00 387.00450,000.00

3130ABNM4950,000.00 1.640 06/29/2020 957,604.52949,899.97 7,703.4406/27/2019 06/29 - 12/29FHLB304923130ABNM4 FAC131925

Subtotal 957,604.52949,899.97 7,703.44950,000.00

3130AC6L3100,000.00 1.800 08/24/2019 100,590.0399,974.86 615.0006/27/2019 08/24 - 02/24FHLB304903130AC6L3 FAC131925

Subtotal 100,590.0399,974.86 615.00100,000.00

3130ACBC7950,000.00 1.750 09/29/2019 950,000.00950,000.00 Received06/27/2019 1.75006/29 - 12/29FHLB304913130ACBC7 FAC131925

Subtotal 950,000.00950,000.00 0.00950,000.00

3134GAND21,850,000.00 2.000 09/30/2021 1,856,579.561,848,335.00 8,222.2206/20/2019 09/30 - 03/30FHLMC304843134GAND2 FAC131825

2,400,000.00 2.000 09/30/2021 2,408,535.652,397,840.00 10,666.6706/20/2019 09/30 - 03/30FHLMC304863134GAND2 FAC131845

3,250,000.00 2.000 09/30/2021 3,261,558.693,247,075.00 14,444.4506/20/2019 09/30 - 03/30FHLMC304883134GAND2 FAC131915

Subtotal 7,526,673.907,493,250.00 33,333.347,500,000.00

3134GBRW43,000,000.00 1.500 09/15/2019 3,002,250.003,000,000.00 2,250.0006/27/2019 12/15 - 06/15FHLMC304943134GBRW4 FAC131925

Subtotal 3,002,250.003,000,000.00 2,250.003,000,000.00

912810ED6968,000.00 8.125 08/15/2019 1,002,494.86974,332.83 28,679.0006/27/2019 3.17708/15 - Final Pmt.UST30493912810ED6 TRC131925

Subtotal 1,002,494.86974,332.83 28,679.00968,000.00

13,917,457.66Total Purchases 13,918,000.00 72,967.78 13,990,000.31


Portfolio THDA

ACData Updated: SET_13BR: 07/22/2019 13:39Run Date: 07/22/2019 - 13:39 PU (PRF_PU) 7.1.1

Report Ver. 7.3.6.1



(615)815-2020

2013 Res BRF mergedSales/Call Report



RedemptionInterest

Book Valueat Redem.


Rate atRedem.


Issuer PurchaseDate

04/19/20213,180,000.00 3,218,145.86 3,180,000.00 42,930.00303423134GSHZ1 04/19/201 3,222,930.00 4,784.14131845 FHLMC

FAC 04/19/20203/27/201 2.700

Call

3,180,000.00 3,218,145.86 3,180,000.00 42,930.00303433134GSHZ1 04/19/201 3,222,930.00 4,784.14131915 FHLMCFAC 04/19/202

03/27/201 2.700Call

Subtotal 6,436,291.72 6,360,000.00 85,860.006,360,000.00 6,445,860.00 9,568.28

12/27/20231,015,000.00 1,015,000.00 1,015,000.00 14,210.00292033130AAHM3 06/27/201 1,029,210.00 14,210.00131625 FHLB

FAC 12/27/20212/27/201 2.800

Call

Subtotal 1,015,000.00 1,015,000.00 14,210.001,015,000.00 1,029,210.00 14,210.00

7,375,000.00Total Sales 7,375,000.00 100,070.007,451,291.72 7,475,070.00 23,778.28

Portfolio THDA

ACData Updated: SET_13BR: 07/22/2019 13:39Run Date: 07/22/2019 - 13:39 SA (PRF_SA) 7.1.1

Report Ver. 7.3.6.1

ARBITRAGE DESCRIPTION Arbitrage, in part is defined as “the simultaneous purchase and sale of the same or equivalent security in order to profit from price discrepancies”. This relates to THDA as it is applied to the use of proceeds from tax-exempt bonds, specifically the use of such bond proceeds or earnings from such proceeds to purchase taxable non-mortgage investments. Any excess earnings over the cost of borrowing (bond rate) are arbitrage earnings and must be rebated to the Internal Revenue Service. This is a net calculation and is computed annually. Attached is a spreadsheet showing the arbitrage liability by bond issue as of 6/30/2019. Every five years, on the anniversary date of each bond issue, for the life of the bond issue, cash settlement has to be made with the IRS. If earnings for a five-year period are less than what the investments would have earned at the bond rate, no payment is due the IRS. If the earnings are more than what would have been earned at the bond rate, cash payment of the excess must be paid to the IRS. THDA has contracted with Kutak Rock to make these complex calculations. From an Investment management performance measurement standpoint, THDA knows that if there is a rebate liability for a bond issue, then the agency has maximized earnings for that particular issue. This is probably the best benchmark of all because as mentioned above any earnings in excess of bond cost cannot be retained by the agency.

Tennessee Housing Development AgecyRebate Liability as of June 30, 2019

Resolution / Bond Issue Arbitrage Rebate

Liability

1985 Res2009-1 - 2009-2 - 2010-1 - 2011-1 378,509.88 2012-1 - 2012-2 - Sub-total 378,509.88

2009 Res - 2009-A - 2010-A - 2010-B - 2011-A - 2011-C - 2015-A - Sub-total -

2013 Res2013-1 - 2013-2 - 2014-1 - 2014-2 - 2015-1 - 2015-2 - 2016-1 - 2016-2 - 2016-3 - 2017-1 - 2017-2 - 2017-3 - 2017-4 - 2018-1 - 2018-2 - Sub-total -

TOTALS 378,509.88

Documents

Investment Report - Amazon S3...Jun 30, 2019 · Investment Report June 30, 2019 Andrew Jackson Building Third Floor 502 Deaderick Street Nashville, Tennessee 37243 - (615) 815-2200