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Wells Fargo presents trust portfolio: $7.33 million, short-duration and CD-heavy holdings
Summary
Wells Fargo Securities presented the Sunnyside Unified District trust portfolio on May 8, reporting a book value of $7,327,000, a book yield of 4.11% and a conservative allocation concentrated in FDIC-insured certificates of deposit and a government money-market fund.
Tyler Tarian, Wells Fargo Securities, reviewed the Sunnyside Unified District trust portfolio at the May 8 trust board meeting, saying the portfolio’s book value is $7,327,000 and the book yield is 4.11%.
Tarian said the trust holds 28 positions: 27 certificates of deposit (CDs) and one government money-market fund. The money-market position is $577,000 and is fully liquid; the broker reported $5,250,000 of securities maturing over the next 12 months and projected interest of about $208,000 over the same period. “What we keep in the money market fund, which is completely liquid,…
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