Cash Management - Investment of Cash and Short Term Funds

Investment Objectives

• Maximize investment income and minimize risk
• Preserve principal while earning a competitive rate of return
• Invest funds according to the Investment Policy for Short Term Funds set by the Board of Curators
• Generate sufficient cash flow to satisfy the operating obligations of the four campuses

Summary of Short Term Cash Portfolio

As of February 28, 2010

• Number of Holdings: 98
• Maturity Range: March 1, 2010 to October 20, 2027
• Average Maturity: 4.53 years
• Asset Allocation:
  • 0.5% Money Market and Repurchase Agreements
  • 16.6% Commercial Paper
  • 10.0% Corporates
  • 40.9% U.S. government agencies,
  • 0.1% Bank certificate of deposit
  • 16.0% Balanced Pool Investment
  • 8.0% US Treasury Inflation Protected Securities Portfolio
• Yield to Maturity: (at purchase) 2.541%
• Monthly Return Portfolio: 0.311%
• Monthly Return Benchmark: 0.184%