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Dana Investment Advisors reports city portfolio returned 4.96% over 12 months, committee hears
Summary
Dana Investment Advisors told Brookfield's Finance Committee on July 21 that the city's portfolio returned 1.79% year-to-date through June 2026 and 4.96% over the past 12 months, outperforming its benchmark by about 150 basis points; the portfolio is concentrated in adjustable-rate mortgage and SBA securities with an average coupon near 5.2%.
Dana Investment Advisors presented an informational overview of the City of Brookfield's investments on July 21. Matt Slowinski reported the portfolio produced a year-to-date return through June 2026 of 1.79%, a 12-month total return of 4.96% (about 150 basis points above the benchmark), and an average annual return since the portfolio's 2003 inception of 2.6%.
Slowinski described the portfolio composition as primarily adjustable-rate mortgage and SBA securities with an average coupon near 5.2%, and explained that the portfolio is positioned to see increased interest income if short-term rates rise because coupons on adjustable-rate securities would reset higher over time. He also noted that market expectations regarding Federal Reserve action had shifted during the first half of 2026 as inflation expectations changed. Aldermen asked questions; the presentation was informational and required no committee action.
The report and a written copy of the investment overview were made available to the Finance Department for review. No motions or votes were required on the presentation itself.
