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Investment consultant: Missouri City portfolio near $250M, yields 4.05% and above benchmarks
Summary
Valley View consultant Zach Greenberg reported the city's portfolio was about $251.2 million at 12/31, with a 0.25 end average yield of 4.05%, interest income of $2,642,000 and approximately $70 million of maturities over the next 12 months.
An investment consultant presenting the city's quarterly report said Missouri City's portfolio is near all‑time highs and is earning yields above benchmarks.
"Your 0.25 end average yield was 4.05% which exceeds your benchmarks," consultant Zach Greenberg told the council. He reported a portfolio balance of $264,186,370 as of Sept. 30 and a quarter‑end balance of $251,187,426 on Dec. 31. Greenberg said rolling benchmarks included a 3.85% 3‑month treasury and a 3.89% 6‑month treasury, while TEXPOOL was at 3.83%.
Greenberg said the portfolio's distribution is roughly 68% liquid (about $170,000,000 across deposit accounts and pools) and roughly 32% in securities and certificates of deposit (about $80,000,000). Interest income for the period was $2,642,000 and the consultant said approximately $70,000,000 of holdings will mature over the next 12 months.
In response to questions from Councilmember Brown Marshall, Greenberg said investments are collateralized or FDIC‑insured and that the city is not at risk of principal loss, though rate changes will affect future earnings.
