HomeMy WebLinkAbout2026 06 GEDCOGeorgetown Economic Development Corporation (GEDCO)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
June 30, 2026
Prepared by
Valley View Consulting, L.L.C.
________________________________________________________________________
Leigh Wallace Nathan Parras
Chief Financial Officer Assistant Chief Financial Officer
________________________________________________________________________
Karrie Pursley Sarah Moody
Treasurer Assistant Chief Financial Officer
________________________________________________________________________
Sabrina Poldrack Christi Rawls
Assistant Treasurer Controller
The investment portfolio of the Georgetown Economic Development Corporation (GEDCO) is in compliance with
the Texas Public Funds Investment Act and the Investment Policy and Strategies.
Disclaimer:These reports were compiled using information provided by the City. No procedures were performed to test the accuracy or
completeness of this information. The market values included in these reports were obtained by Valley View Consulting, L.L.C. from
sources believed to be accurate and represent proprietary valuation. Due to market fluctuations these levels are not necessarily reflective of
current liquidation values. Yield calculations are not determined using standard performance formulas, are not representative of total return
yields and do not account for investment advisor fees.
Christi Rawls
Karrie Pursley
Sabrina Poldrack
Nathan Parras
Sarah Moody
Leigh Wallace
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Book Value Market Value Ave. Yield
Pools 8,376,520$ 8,376,520$ 9,343,190$ 9,343,190$ 3.63%
Locked MMA 3,079,325 3,079,325 3,112,900 3,112,900 4.44%
CDs/Securities 2,033,290 2,033,290 2,051,775 2,051,775 3.70%
13,489,135$ 13,489,135$ 14,507,865$ 14,507,865$ 3.81%
Quarter End Average Yield (1) Fiscal Year-to-Date Average Yield (2)
Total Portfolio 3.81%Total Portfolio 3.83%
Rolling Three Month Treasury 3.73%Rolling Three Month Treasury 3.74%
Rolling Six Month Treasury 3.71%Rolling Six Month Treasury 3.75%
TexPool 3.65%TexPool 3.72%
Interest income provided in separate report.
Summary
March 31, 2026
(1) Quarter End Average Yield - based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank, pool, and money market balances.
(2) Fiscal Year-to-Date Average Yield - calculated using quarter end report yields and adjusted book values and does not reflect a total return
analysis or account for advisory fees.
June 30, 2026
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.1
Economic Overview 6/30/2026
The Federal Open Market Committee's (FOMC) on June 16th and 17th, hosted by new Chairman Kevin Warsh, resulted in no change to the Fed Funds 3.50% - 3.75% target (Effective Fed Funds
trade +/-3.62%). First Quarter GDP expanded by 2.1%. June Non-Farm Payroll added 57k (below the +110k expectation). The three month average decreased to +111k. The S&P 500 Stock
Index rretreated from 7,600 but remained +/-7,500. The positively sloped yield curve increased slighlty. Crude Oil declined to +/-$70. Inflation continues above the FOMC 2% target (Core CPI 2.9%
and Core PCE +/-3.4%). The uncertain world events still influence volatility.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since Nov 2018
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00 Treasury Yield Curves
June 30, 2025 March 31, 2026 June 30, 2026
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
All numbers estimated and subject to change.Valley View Consulting, L.L.C.2
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
TexasDAILY AAAm 3.64%07/01/26 06/30/26 2,540,681$ 2,540,681$ 1.00 2,540,681$ 1 3.64%
TexSTAR AAAm 3.62%07/01/26 06/30/26 6,802,509 6,802,509 1.00 6,802,509 1 3.62%
East West Bank CD 3.63%07/17/26 10/17/25 2,051,775 2,051,775 100.00 2,051,775 17 3.70%
Alliance Bank Locked-ICS 4.35%08/25/26 08/25/25 3,112,900 3,112,900 100.00 3,112,900 56 4.44%
14,507,865$ 14,507,865$ 14,507,865$ 15 3.81%
(1)(2)
June 30, 2026
(1) Weighted average life - For purposes of calculating weighted average life, bank accounts, pools and money market funds are assumed to have an one day maturity.
(2) Weighted average yield to maturity - The weighted average yield to maturity is based on adjusted book value, realized and unrealized gains/losses and investment advisory fees are not
considered. The yield for the reporting month is used for bank accounts, pools, and money market funds.
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.3
Pools 64%
Locked MMA 22%
CDs/Securities 14%
GEDCO PORTFOLIO COMPOSITION
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
09/30/25 12/31/25 03/31/26 06/30/26
GEDCO PORTFOLIO BALANCES
CD
TexasDAILY
TexSTAR
MMA /Locked MMA
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.4
GEDCO - Maturity Cash Flow Next 12 Months
Month Face Amount Interest Total
Jul-26 2,051,775$ 14,789$ 2,066,563$
Aug-26 3,112,900 8,916 3,121,816
Sep-26 – – –
Oct-26 – – –
Nov-26 – – –
Dec-26 – – –
Jan-27 – – –
Feb-27 – – –
Mar-27 – – –
Apr-27 – – –
May-27 – – –
Jun-27 – – –
TOTALS 5,164,675$ 23,704$ 5,188,379$
$–
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
Face Amount Interest
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.5
Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
03/31/26 Increases Decreases Book Value
06/30/26
Market Value
03/31/26
Change in
Market Value
TexasDAILY 3.64%07/01/26 2,517,790$ 22,891$ –$ 2,540,681$ 2,517,790$ 22,891$
TexSTAR 3.62%07/01/26 5,858,730 943,779 – 6,802,509 5,858,730 943,779
East West Bank CD 3.70%07/17/26 2,033,290 18,484 – 2,051,775 2,033,290 18,484
Alliance Bank Locked-ICS 4.44%08/25/26 3,079,325 33,575 – 3,112,900 3,079,325 33,575
TOTAL / AVERAGE 3.81%13,489,135$ 1,018,729$ –$ 14,507,865$ 13,489,135$ 1,018,729$
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.6
Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
03/31/26
TexasDAILY 3.64%07/01/26 2,517,790$
TexSTAR 3.62%07/01/26 5,858,730
East West Bank CD 3.70%07/17/26 2,033,290
Alliance Bank Locked-ICS 4.44%08/25/26 3,079,325
TOTAL / AVERAGE 3.81%13,489,135$
Market Value
06/30/26
2,540,681$
6,802,509
2,051,775
3,112,900
14,507,865$
Georgetown Economic Development Corporation (GEDCO)Valley View Consulting, L.L.C.7