HomeMy WebLinkAbout2026 06 GTECGeorgetown Transportation Enhancement Corporation
(GTEC)
QUARTERLY INVESTMENT REPORT
For the Quarter Ended
June 30, 2026
Prepared by
Valley View Consulting, L.L.C.
________________________________________________________________________
Leigh Wallace Nathan ParrasChief 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 Transportation Enhancement Corporation (GTEC) 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.
Nathan Parras
Sarah Moody
Leigh Wallace
Karrie Pursley
Sabrina Poldrack Christi Rawls
Quarter End Results by Investment Category:
Asset Type Book Value Market Value Book Value Market Value Ave. Yield
NOW/MMA/Pool 28,471,621$ 28,471,621$ 32,425,142$ 32,425,142$ 3.63%
Locked MMA 24,710,878 24,710,878 18,726,982 18,726,982 4.44%
CDs/Securities 38,613,108 38,613,108 45,030,595 45,030,595 3.88%Totals 91,795,607$ 91,795,607$ 96,182,719$ 96,182,719$ 3.90%
Quarter End Average Yield (1) Fiscal Year-to-Date Average Yield (2)
Total Portfolio 3.90%Total Portfolio 3.97%
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 data 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 Transportation Enhancement Corporation (GTEC)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 +/-$70. Inflation continues above the FOMC 2% target (Core CPI 2.9%
and Core PCE +/-3.4%). The uncertain world events still influence volatility.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000 S&P 500
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since Nov 2018
Six Month T-Bill Two Year T-Note Ten Year T-Note
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00 Treasury Yield Curves
June 30, 2025 March 31, 2026 June 30, 2026
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00 US Treasury Historical Yields - Since 2006
Six Month T-Bill Two Year T-Note Ten Year T-Note
All numbers estimated and subject to change.Valley View Consulting, L.L.C.2
Investment Holdings
Coupon/Maturity Settlement Face Amount/Book Market Market Life
Description Ratings Discount Date Date Par Value Value Price Value (Day)Yield
TexPool AAAm 3.65%07/01/26 06/30/26 8,272,838$ 8,272,838$ 1.00 8,272,838$ 1 3.65%
TexSTAR AAAm 3.62%07/01/26 06/30/26 24,152,304 24,152,304 1.00 24,152,304 1 3.62%
Alliance Bank Locked-ICS 4.35%07/16/26 07/16/25 10,425,914 10,425,914 100.00 10,425,914 16 4.44%
SouthSide Bank CD 3.95%07/22/26 10/22/25 5,098,964 5,098,964 100.00 5,098,964 22 4.01%
Alliance Bank Locked-ICS 4.35%08/25/26 08/25/25 8,301,068 8,301,068 100.00 8,301,068 56 4.44%
Alliance Bank CD 4.30%09/11/26 09/12/25 5,162,520 5,162,520 100.00 5,162,520 73 4.30%
East West Bank CD 3.63%09/18/26 09/18/25 5,144,251 5,144,251 100.00 5,144,251 80 3.70%
SouthSide Bank CD 3.80%10/22/26 04/22/26 5,100,223 5,100,223 100.00 5,100,223 114 3.85%
East West Bank CD 3.65%11/13/26 02/13/26 5,548,950 5,548,950 100.00 5,548,950 136 3.71%
SouthSide Bank CD 3.72%12/21/26 03/21/26 5,147,408 5,147,408 100.00 5,147,408 174 3.78%
East West Bank CD 3.77%01/19/27 04/17/26 6,046,658 6,046,658 100.00 6,046,658 203 3.84%
East West Bank CD 3.80%02/12/27 05/12/26 7,781,621 7,781,621 100.00 7,781,621 227 3.87%
TOTALS 96,182,719$ 96,182,719$ 96,182,719$ 71 3.90%
(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 Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.3
NOW/MMA/Pool 34%
Locked MMA
19%
CDs/Securities
47%
GTEC PORTFOLIO COMPOSITION
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
09/30/25 12/31/25 03/31/26 06/30/26
GTEC PORTFOLIO BALANCES
MMA / Locked MMA TexSTAR TexPool CD
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.4
GTEC - Maturity Cash Flow Next 12 Months
Month Face Amount Interest Total
Jul-26 15,524,878$ 242,323$ 15,767,201$
Aug-26 8,301,068 170,371 8,471,439
Sep-26 10,306,771 86,318 10,393,089
Oct-26 5,100,223 109,133 5,209,357
Nov-26 5,548,950 110,419 5,659,369
Dec-26 5,147,408 60,283 5,207,691
Jan-27 6,046,658 36,405 6,083,063
Feb-27 7,781,621 8,916 7,790,538
Mar-27 – – –
Apr-27 – – –
May-27 – – –
Jun-27 – – –
TOTALS 63,757,577$ 824,170$ 64,581,747$
$–
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
Face Amount Interest
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.5
Book & Market Value Comparison
Issuer/Description Yield Maturity
Date
Book Value
03/31/26 Increases Decreases Book Value
06/30/26
Market Value
03/31/26
Change in
Market Value
Market Value
06/30/26
TexPool 3.65%07/01/26 8,067,519$ 205,319$ –$ 8,272,838$ 8,067,519$ 205,319$ 8,272,838$
TexSTAR 3.62%07/01/26 20,404,102 3,748,202 – 24,152,304 20,404,102 3,748,202 24,152,304
Alliance Bank Locked-ICS 4.39%04/16/26 6,185,882 – (6,185,882) – 6,185,882 (6,185,882) –
SouthSide Bank CD 4.07%04/22/26 5,050,411 – (5,050,411) – 5,050,411 (5,050,411) –
East West Bank CD 3.83%05/12/26 7,708,597 – (7,708,597) – 7,708,597 (7,708,597) –
Alliance Bank Locked-ICS 4.44%07/16/26 10,313,462 112,452 – 10,425,914 10,313,462 112,452 10,425,914
SouthSide Bank CD 4.01%07/22/26 5,049,781 49,183 – 5,098,964 5,049,781 49,183 5,098,964
Alliance Bank Locked-ICS 4.44%08/25/26 8,211,534 89,534 – 8,301,068 8,211,534 89,534 8,301,068
Alliance Bank CD 4.30%09/11/26 5,106,968 55,551 – 5,162,520 5,106,968 55,551 5,162,520
East West Bank CD 3.70%09/18/26 5,097,907 46,344 – 5,144,251 5,097,907 46,344 5,144,251
SouthSide Bank CD 3.85%10/22/26 – 5,100,223 – 5,100,223 – 5,100,223 5,100,223
East West Bank CD 3.71%11/13/26 5,500,000 48,950 – 5,548,950 5,500,000 48,950 5,548,950
SouthSide Bank CD 3.78%12/21/26 5,099,444 47,964 – 5,147,408 5,099,444 47,964 5,147,408
East West Bank CD 3.84%01/19/27 – 6,046,658 – 6,046,658 – 6,046,658 6,046,658
East West Bank CD 3.87%02/12/27 – 7,781,621 – 7,781,621 – 7,781,621 7,781,621
TOTAL / AVERAGE 3.90%91,795,607$ 23,332,002$ (18,944,890)$ 96,182,719$ 91,795,607$ 4,387,112$ 96,182,719$
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.6
GTEC - Allocation
Investment Total GTEC 2024 CO
GTEC
2025 CO
GTEC
TexPool 8,272,838$ 8,272,838$ –$ –$ TexSTAR 24,152,304 13,380,882 – 10,771,422
Alliance Bank Locked-ICS 07/16/26 10,425,914 – – 10,425,914
SouthSide Bank CD 07/22/26 5,098,964 – – 5,098,964 Alliance Bank Locked-ICS 08/25/26 8,301,068 8,301,068 – –
Alliance Bank CD 09/11/26 5,162,520 5,162,520 – –
East West Bank CD 09/18/26 5,144,251 – – 5,144,251
SouthSide Bank CD 10/22/26 5,100,223 – – 5,100,223 SouthSide Bank CD 11/13/26 5,548,950 5,548,950 – –
Third Coast Bank CD 12/21/26 5,147,408 5,147,408 – –
East West Bank CD 01/19/27 6,046,658 – – 6,046,658 East West Bank CD 02/12/27 7,781,621 7,781,621 – –
Totals 96,182,719$ 53,595,287$ –$ 42,587,432$
March 31, 2026
Investment Total GTEC 2024 CO
GTEC
2025 CO
GTEC
TexPool 8,067,519$ 8,067,519$ –$ –$
TexSTAR 20,404,102 9,845,784 5,798 10,552,521
Alliance Bank Locked-ICS 04/16/26 6,185,882 – – 6,185,882 SouthSide Bank CD 04/22/26 5,050,411 – – 5,050,411
East West Bank CD 05/12/26 7,708,597 7,708,597 – –
Alliance Bank Locked-ICS 07/16/26 10,313,462 – – 10,313,462
SouthSide Bank CD 07/22/26 5,049,781 – – 5,049,781 Alliance Bank Locked-ICS 08/25/26 8,211,534 8,211,534 – –
Alliance Bank CD 09/11/26 5,106,968 5,106,968 – –
East West Bank CD 09/18/26 5,097,907 – – 5,097,907
SouthSide Bank CD 11/13/26 5,500,000 5,500,000 – – Third Coast Bank CD 12/21/26 5,099,444 5,099,444 – –
Totals 96,771,263$ 49,800,503$ 4,937,822$ 42,032,939$
June 30, 2026
Book & Market Value
Book & Market Value
Georgetown Transportation Enhancement Corporation (GTEC)Valley View Consulting, L.L.C.7