Tham khảo tài liệu 'financial audits_part6', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | A-31 pay management fees. Income due participants is distributed monthly on the first calendar day of each month . For Custodial Credit Risk as of June 30 2009 all MPEP investments were recorded in the name of the Montana BOI and held in the possession of the BOI s custodial bank State Street Bank. Foreign Currency Risk is the risk that changes in exchange rates will adversely affect the fair value of an investment. The MPEP includes securities subject to foreign currency risk The PERB portion of MPEP is percent . MTRP portfolio includes investments in private core value-added and opportunistic real estate . Core investments are the least risky with the lowest return and are usually managed in commingled accounts in which the investor purchases shares Value-added and opportunistic real estate investments provide more risk and return and are less liquid than core investments . These investments are usually made through Limited Partnership Agreements . The MTRP invests its cash in STIP . Realized capital gains are not distributed unless the gains are needed to pay management fees Income due participants is distributed monthly on the first calendar day of each month Custodial Credit Risk as of June 30 2009 all MTRP investments were recorded in the name of the Montana BOI and held in the possession of the BOI s custodial bank State Street Bank Foreign Currency Risk is the risk that changes in exchange rates will adversely affect the fair value of an investment The MTRP includes securities subject to foreign currency risk The PERB portion of MTRP is 61 56 percent All Other Funds AOF Investments portfolio for the pension plans includes an equity index fund real estate buildings residential mortgages and commercial loans Fair values are determined primarily by reference to market prices supplied to the BOI by its custodial bank State Street Bank The real estate investments and residential and multi-family mortgages are valued based on a discounted cash flow The .
