Specifications include, but are not limited to: 1. Manage the Town’s portfolio with discretionary authority within specified parameters and limits. 2. Assist the Town with cash flow/maturity analysis. 3. Provide credit analysis of investment instruments in portfolio. 4. Provide monthly/quarterly/annual reporting of the Town’s funds managed by the Investment Advisor, including the following: • Summary of Portfolio Holdings. A listing of all securities held at the end of the month categorized by type of security, maturity, and institution. • Investment Performance Report. At a minimum the performance report must show total returns for the period compared to the established benchmark. • Maturity/Duration Indicators. The monthly report must include portfolio duration and average maturity statistics to help monitor interest-rate risk. • Transaction Summary. A summary of completed transactions for the month. • Mark-to-Market Report. The monthly report must show the cost and market value for each security in the portfolio. 5. Provide the ability to access portfolio holdings within a secure online system.
