>> Ted: NEXT ON THIS SPECIAL EDITION OF ARIZONA HORIZON, IT'S A DEBATE BETWEEN CANDIDATES FOR ARIZONA TREASURER AND A CLEAN ELECTION'S DEBATE AND NECESSITY ON "ARIZONA HORIZON."

GOOD EVENING AND WELCOME TO THIS SPECIAL ELECTION 2022 EDITION OF "ARIZONA HORIZON."

IT'S A DEBATE BETWEEN CANDIDATES FOR ARIZONA TREASURER AND SPONSORED BY THE CITIZEN'S CLEAN ELECTION'S.

>> I'M STACEY BARCHENGER OF THE ARIZONA REPUBLIC AND AZCENTRAL.COM.

TONIGHT'S DEBATE IS NOT A FORMAL EXERCISE BUT AN OPEN EXCHANGE OF IDEAS, FOR GIVE AND TAKE BETWEEN THE CANDIDATES FOR ONE OF THE STATE'S MOST IMPORTANT OFFICES.

DIALOGUE IS ENCOURAGED PROVIDED THAT ALL SIDES GET A FAIR SHAKE AND WE'LL DO OUR BEST TO MAKE SURE THAT HAPPENS.

>> Ted: JOINING US NOW FOR THE DEBATE IS STATE SENATOR MARTIN QUEZADA AND INCUMBENT TREASURER, KIMBERLY YEE.

CANDIDATES WILL GIVE OPENING STATEMENTS IN A RANDOMLY SELECTED ORDER AND LATER GIVE CLOSING STATEMENTS IN THE OPPOSITE ORDER AND WE BEGIN WITH KIMBERLY YEE.

>> GOOD EVENING, I'M KIMBERLY YEE, YOUR CURRENT STATE TREASURER AND IT'S BEEN AN HONOR TO SERVE YOU THESE LAST THREE AND A HALF YEARS.

I WAS BORN AND RAISED IN ARIZONA.

I'M A MOM, THE DAUGHTER OF A UNITED STATES' ARMY VETERAN AND COME FROM A LINE OF BUSINESS OWNERS, STARTING BACK IN THE 1930'S, AS GROCERS.

WE HAVE ACHIEVED RECORD INVESTMENT ACHIEVEMENTS, INCLUDING EARNINGS BEYOND $2 BILLION IN THREE AND A HALF YEARS.

THIS ACCOUNTS FOR PEOPLE IN ARIZONA RECEIVING MONEY BACK IN THEIR OWN POCKETS FOR HARD-EARNED DOLLARS.

IN THESE FISCAL TIMES, WITH OUR MARKETS, WE NEED A FISCAL CONSERVATIVE, SOMEONE WHO HAS THE EXPERIENCE ON THE JOB.

I ASK FOR YOUR SUPPORT.

>> NOW TO MARTIN QUEZADA.

>> THANK YOU.

I'M MARTIN QUEZADA, AND I WILL HELP TO EARN YOUR VOTE TO BE ARIZONA'S NEXT STATE TREASURER.

WE COME TO EXPECT ANTICHOICE AND CANDIDATES FOR OFFICES, LIKE MASTER, LAKE AND FIMCHEM.

WHEN WE ALLOW EXTREME LITTLE VIEWS, WE SACRIFICE SOUND PRACTICES.

I BELIEVE THAT ARIZONA DESERVES A TREASURER WHO GOING TO INVEST IN OUR FUTURE AND STICK TO SOUND INVESTMENT STRATEGIES.

THAT HAS NOT BEEN HAPPENING IN THIS OFFICE FOR A LONG TIME AND I'LL ENSURE THAT CHANGES AND I'LL ENSURE THOSE IN ARIZONA GET THE FOCUS AND PHYSICAL AND EMOTIONAL PRESENCE IN THIS OFFICE THEY DESERVE.

I HOPE TO EARN YOUR VOTE TO BE THE NEXT STATE TREASURER.

>> Ted: THE DUTIES AND RESPONSIBILITIES OF THIS OFFICE AND WHAT ARE THEY AND WHAT ARE SOME OF THE THINGS THAT THIS OFFICE SHOULD HAVE NOTHING TO DO WITH?

>> THE OFFICE OF THE STATE TREASURER IS MANAGED BY THE STATE TREASURER WHO IS A CONSTITUTIONALLY OFFICE HOLDER AND AS THE CHIEF INVESTMENT AND BANKING OFFICER OF THE STATE, I INVEST THE FUNDS AS WELL AS SCHOOL DISTRICTS, AS WELL AS LOCAL GOVERNMENTS.

THAT IS VOLUNTARY ON THE PART OF LOCAL GOVERNMENTS AND SCHOOL DISTRICTS.

WE HAVE THE RESPONSIBILITY OF EP ENSURING THE ENDOWMENT FUND IS MANAGED WISELY AND GOES BACK TO 13 BENEFICIARIES AND THE LARGEST THE K THROUGH 12 WHICH GETS 93% OF THE PERMANENT LAND ENDOWMENT AND WE ALSO, IN MY ADMINISTRATION, HAVE MADE FINANCIAL LITERACY AND EDUCATION A PLATFORM OF THE OFFICE.

>> Ted: DUTIES AND RESPONSIBILITIES AND WE'LL GET TO THE THINGS THAT SHOULDN'T BE THERE, AS YOU SEE THEM FOR THIS OFFICE.

>> YEAH, TED, WE SHOULD SAY WHAT THE DUTIES OF THIS OFFICE HAVE BEEN UP TO THIS POINT.

UNFORTUNATELY, THIS OFFICE HAS BEEN USED A AS A PARKING PLACE AND STEPPING STONE AS A CONSOLATION PRIZE FOR CANDIDATES LOCKING FOR HIGHER PROFILE OFFICES.

WHAT IT SHOULD BE IN THIS OFFICE, AS A CHIEF BANKER, YOU NEED SOMEONE MENTALLY PRESENT TO PROVIDE THE LEADERSHIP THAT THIS OFFICE NEEDS.

AS AN INVESTMENT OFFICER, YOU NEED TO BRING BACK SOUND INVESTMENT, WIDELY AND INDUSTRY ACCEPTED.

>> Ted: ARE YOU SAYING IT HAS BEEN POLITICIZED?

>> YES.

>> Ted: NEED A RESPONSE TO THAT?

>> THAT'S NOT TRUE.

THIS OFFICE IS MANAGED WITH PRUDENT INVESTMENT AND MY PHILOSOPHY IS SAFETY BEFORE LIQUIDITY BEFORE YIELD AND THAT LOOKS FOR THE TAXPAYER, PROTECTING THEIR MONEY AND NOT MY MONEY OR YOUR MONEY AND YOUR MONEY WOULD BE INVESTED IN POLITICAL ISSUES LIKE ESG AND POLITICAL ISSUES LIKE BDS.

ONE OF THE THINGS THAT WE INSURED IS THAT I ADOPTED THE FIRST POLICY THAT ANY STATE TREASURER TO ENSURE THAT ESG, ENVIRONMENT SOCIAL GOVERNANCE NOT TAKEN INTO CONSIDERATION WHEN WE CONSIDER THIS.

WE INVEST THE TOP 15 COMPANIES AND THESE ARE STRONG INVESTMENTS, PRUDENT, WISE INVESTMENTS THAT ARE NOT POLITICIZED.

>> Ted: ARE YOU INTERESTED IN POLITICIZED INVESTMENTS?

>> ABSOLUTELY NOT.

THAT GOES AGAINST THE POLICY THAT MISS YEE MENTIONED.

WHEN YOU LIMIT YOUR OPTIONS IN WHAT YOU CAN INVEST IN, YOU'RE SACRIFICING SAFETY AND THAT SACRIFICES SAFETY.

>> YOU HAD TALKED ABOUT YOUR TENURE IN OFFICE, AND MARTIN SUGGEST ED THIS ISSUGGESTED THIS IS A STEPPING STONE AND IS IT FOR YOU?

>> NOT AT ALL.

BEFORE I WAS ELECTED TO THE STATE LEGISLATURE EXPECT AND THE HOUSE, I WORKED AS A STAFF MEMBER UNDER THE ADMINISTRATION OF DEAN MARTIN, OUR FORMER STATE TREASURER AND I KNOW THE IN'S AND OUT'S HAVING BEEN A STAFF MEMBER AND KNOW HOW THIS OFFICE WORKS FROM THE PERSPECTIVE OF KEEPING THE TAXPAYER FUNDS SAFE AND NOT POLITICIZING THESE EFFORTS.

BACK THEN, THEY TRIED TO PUT THESE TYPES OF POLICIES AND RADICAL AGENDAS INTO THE INVESTMENT ROOM AND THAT'S WHAT WE FOUGHT AGAINST.

THIS IS 15 YEARS AGO.

TODAY, WE ENSURED WE ARE MANAGING THE MONEY ON UNITED STATES-BASED COMPANIES THAT ARE STRONG, THAT WILL ALWAYS PUT MONEY BACK IN THE POCKETS OF OUR GOVERNOR.

>> YOU RAN FOR GOVERNOR?

>> I DID.

>> I'M RUNNING FOR STATE TREASURER SINCE JANUARY OF THIS YEAR, ESPECIALLY NOW THAT WE KNOW THAT WE HAVE A RADICAL PROGRESSIVE RUNNING WHO K PUT COULD PUT THIS AT RISK.

>> IS THAT THE TAKE AWAY?

DO YOU THINK HE'LL PUT THE MONEY AT RISK?

>> THE ENTIRE PLATFORM IS TO POLITICIZE THIS AND BE BAD AT MANAGING AND INVESTING THE TAXPAYER DOLLARS.

LOOK, THIS ESG POLICY, THIS IS BAD INVESTMENT STRATEGY AND DON'T RELY ON MY WORD.

GO HOME AND ASK YOUR FINANCIAL ADVISER AT HOME AND YOUR INVESTMENT ADVISER IF THIS IS TO LIMIT WHAT YOU CAN INVEST IN AND TO CONSOLIDATE ALL OF YOUR INVESTMENTS INTO A FEW OPTIONS.

S THAT BAD AND.THAT'S BAD.

>> THE HEART OF THIS IS ENVIRONMENTAL SOCIAL GOVERNANCE, WHICH MY OPPONENT SUPPORTS.

IF YOU TAKE A LOOK AT WHAT'S HAPPENING IN THE ESG AGENDA, TAKING AN ATTACK ON THE UNITED STATES-BASED COMPANY AND YOUR PICK OF WINNERS AND LOSERS AND THAT'S WRONG.

NOT THE WAY THE AMERICAN FREE ENTERPRISE SYSTEM WORKS.

IN THIS CASE, THE ESG AGENDA IS TAKING AN ATTACK ON THE ENERGY SECTOR AND SAYING THE BANKING INSTITUTIONS DON'T FINANCE THE ENERGY SECTOR.

SO IN THOSE CATEGORIES, YOU CAN'T GET ANY MONEY BECAUSE THEY WANT TO BASICALLY REMOVE ALL OF THEIR POWER.

HOW DOES THAT AFFECT THE CONSUMER?

THE PRICES AT THE PUSH.

PUMP.

AMERICANS ARE PAYING AT THE PUMP BECAUSE OF DIRECTOR POLICIES OF THE ESG AGENDA.

>> IT'S SURPRISES TO APPEAR BECAUSE ANYBODY THAT UNDERSTANDS ESG OR WHAT IT IS, IT IS AN ANALYSIS OF RISK ON YOUR INVESTMENTS.

IT IS A SCORE, NOT A DIRECTION ON WHAT TO INVEST OR NOT TO INVEST.

THE FACT IS THAT CLIMATE ISSUES IN OUR COUNTRY AND IN OUR PLANET RIGHT NOW, THEY IMPACT DIFFERENT INDUSTRIES AND WHETHER THE INVESTMENT ARE SAFE OR NOT.

>> Ted: LET'S GO TO BNG, YOU SOLD OFF SHARES DUE TO THE COMPANY'S POLITICAL STANCE.

WAS THAT A PRUDENT MOVE?

>> IT WAS FOLLOWING ARIZONA'S STATE LAW THAT WAS ESTABLISHED IN 2016.

THE ARIZONA LEGISLATURE PROTECTED ISRAEL, WHICH IS OUR FRIEND AND ALLY IN AMERICA.

IN 2016, IT SAID WE WOULD PASS AN ANTIBOYCOTT DI VESTMENT BILL AND IT'S WRONG.

THE BDS STRATEGY IS SOMETHING HE PROMOTED A COUPLE OF WEEKS AGO IN A BOYCOTT DOCUMENTARY USING STATE TAXPAYER RESOURCES IN A CAPITAL BUILDING THAT PROMOTED ANTI-SEMITISM AGAINST THE PEOPLE OF ISRAEL.

HIS OWN COLLEAGUES SAID IT WAS TOO FAR LEFT AND PROGRESSIVE TO ATTEND.

HIS OWN PARTY BELIEVES HE'S TOO RADICAL.

>> Ted: THERE'S A LOT THERE ON DOWN AND RESPOND, PLEASE.

>> IT'S RIDICULOUS.

TO UNDERSTAND THE CONSTITUTIONALITY THAT THE LEGISLATURE ADOPTED IS EXACTLY WHY YOU NEED AN ATTORNEY IN THIS OFFICE BECAUSE WE NEED TO UNDERSTAND THE CONSTITUTIONALITY OF EVERY LAW AND I CAN DO THAT AND I WANT TO ENSURE EVERY MOVE IS BOTH LEGAL AND SOUND UNDER THE STATE AND FEDERAL CONSTITUTION.

>> Ted: I WANT TO GET A CLEARER PICTURE HERE.

IS IT PRUDENT FOR YOUR MORAL OUTLOOK, YOUR MORAL OUTLOOK TO COLOR THIS?

>> IT WAS A VIOLATION.

>> Ted: NOT IN THIS CASE NECESSARILY, BUT IN ALL CASES, YOUR MORAL OUTLOOK, HOW MUCH OF A FACTOR IN TERMS OF STATE INVESTMENTS?

>> STATE INVESTMENTS SHOULD NEVER TAKE INTO CONSIDERATION INTO TERMS OF DISCRIMINATION AGAINST ISRAEL OR ESG POL I.

POLICY.

THOSE ARE NOT FINANCIAL SCORECARDS.

THE INVESTMENT OFFICE OF OUR STATE TREASURY ENSURES THAT WE ALWAYS PRODUCE THE HIGHEST RETURN FOR THE TAXPAYERS OF ARIZONA, NOT TAKING INTO CONSIDERATION THE POLITICAL AGENDAS AND IN THIS CASE, PROGRESSIVE AGENDAS.

>> THERE ARE MAJOR SUCCESSFUL CORPORATIONS ACROSS THE WORLD THAT USES ESG SCORES BECAUSE IT'S AN ANALYSIS OF RISK AND ALL OF THESE CORPORATIONS WOULDN'T BE USING THIS IF THEY WEREN'T CONCERNED ABOUT THE FINANCIAL RISK OF THEIR CORPORATIONS.

SO TO PRESUME EACHCH EACH IS MAKING ONE, THEY'RE NOT ABOUT RIGHT OR LEFT.

THEY CARE ABOUT MAKING MONEY AND CARE ABOUT MAKING A SOUND, STABLE BUSINESS AND STABLE INTO THE FUTURE.

THIS IS ABOUT ANALYZING RISK AND TO EXCLUDE ESG FACTORS, THIS IS A POLITICAL ACTION.

>> Ted: IS THAT POLITICAL TO ANALYZE RISK?

>> WE'VE NEVER TAKEN INTO CONSIDERATION A POLITICAL SCORE CARD DOING INVESTMENTS IN THE HISTORY OF THIS OFFICE AND NEVER IN THE FUTURE.

AND THIS INVESTMENT POLICY THAT WE REVISED IN AUGUST ENSURES THAT DOESN'T HAPPEN FOR THE TAXPAYERS OF ARIZONA AND I WILL CALL YOU TO THE CLEAN ELECTION'S VOTER'S GUIDE JUST PUBLISHED AND IN THE MAILBOX OF VOTERS TODAY.

MY OPPONENT SAYS IN HIS STATEMENT THAT HE WANTS TO USE THIS OFFICE.

$63 OF ARIZONA TAXPAYER FUNDS TO SAVE THE PLANET AND THAT'S WHAT HE SAID IN HIS STATEMENT.

HE WANTS TO USE THE OFFICE TO SAVE THE PLANET AND SO YOU CANNOT TAKE SOMEBODY'S POLITICAL LEANINGS AND PLAY AROUND WITH THE $63 BILLION OF THE TAXPAYER DOLLARS IN THE INVESTMENT.

>> Ted: NEED A RESPONSE.

>> IF SAVING THE PLANET IS A POLITICAL STATEMENT, I DON'T KNOW WHAT TO SAY.

USING THESE RISK ANALYSIS FACTORS, THEY ACCOMPLISH BOTH GOALS AND ONE KEEPING OUR INVESTMENTS SAFE AND ACCOMPLISH BRINGING BACK A GOOD YIELD AND IF THAT WASN'T THE CASE, THE MAJOR CORPORATIONS LIKE NIKE, PEPSI, WALMART, MAJOR BANKS THAT USE THESE, THEY WOULDN'T BE DOING THIS IF IT WOULDN'T ACCOMPLISH BOTH AT THE SAME TIME.

YOU CAN DO THAT AND NOT DOING THAT IS AN EXTREME POLITICAL MOVE.

>> I WANT TO FOLLOW UP THE SCREENING AT THE CAPITOL THE WEEK BEFORE OF THE FILM "BOYCOTT."

IS IT A GOOD IDEA IN THE STATE'S BUILDING?

>> ABSOLUTELY.

THIS GOES TO SHOW THAT IT IS A POLITICAL MOVE TO TURN THIS INTO AN ANTI-ISRAEL ISSUE.

THIS WAS A FILM THAT EXAMINED THE CONSTITUTIONALITY OF A BILL THAT WAS JUST PASSED BY THE STATE LEGISLATURE.

AS LAWMAKERS, WE UNDERSTAND THE LAWS WE PASS AND THE LAWS THAT MAY COME BEFORE US OR PROPOSALS THAT COME BEFORE US IN THE FUTURE THAT MIRROR THOSE LAWS AND THIS WAS A STUDY OF WHETHER THOSE LAWS ARE CONSTITUTIONAL AND HOW WE CAN ENSURE THOSE LAWS ARE PASSED IN THE FUTURE UNDER OUR CONSTITUTION AND MAKE SURE THAT WE STAY ON THE RIGHT SIDE OF THE FIRST AMENDMENT TO OUR CONSTITUTION.

>> SO ANY TIME THERE'S A PRO-ISRAEL STATEMENT OR POST ON TWITTER OR SOCIAL MEDIA PLATFORM, MY OPPONENT, VERY QUICKLY, WILL NOTE #FREE #FREEPALESTINE.

IT'S CLEAR YOU DO NOT SUPPORT THE PEOPLE OF ISRAEL AND THAT'S ANTI-ESTIMATIC ANDANTI-SEMITIC AND WRONG.

WE HAVE LAWS PROTECTING ISRAEL, OUR FRIEND AND ALLY.

I HAVE INCREASED OUR INVESTMENTS IN ISRAEL BONDS BECAUSE I SUPPORT ISRAEL.

IN THAT MOVIE OR THAT DOCUMENTARY THAT YOU HOSTED AT THE STATE CAPITAL USING TAXPAYER RESOURCES ON YOUR ASSISTANCE SMALLEMAIL TO THIS VIEWING, ONLY TWO PEOPLE SHOWED UP, YOU AND SOMEBODY ELSE.

THAT SHOWS THE PEOPLE OF THE LEGISLATURE, THE PEOPLE OF ARIZONA ALSO BELIEVE THAT YOU'RE FAR TOO LEFT-LOANING LEFT-LEANING AND PROGRESSIVE.

>> FULL STOP RIGHT THERE.

THIS IS POLITICIZING AN ISSUE.

DO WE WANT TO TALK ABOUT WHO SUPPORTED COMMUNITIES MARGINALIZED?

IF WE WANT THAT CONVERSATION, LET'S HAVE IT BECAUSE ONLY ONE OF US HAVE A TRACK RECORD AND VOTING RECORD, POLITICALLY AND PERSONALLY TO STANDING UP AGAINST ALL COMMUNITIES DISCRIMINATED, MARGINALIZED OR TREATED BADLY IN THE STATE OF ARIZONA OR ACROSS THIS PLANET AND WE CAN TALK ABOUT THAT.

WHERE WAS MISS YEE WHEN BLACKED WERE INTRODUCE PROSECUTED IN THE ATTORNEY GENERAL'S OFFICE AND WAS SPEWING ANTI-SEMITIC RHETORIC AND WHEN PRESIDENT TRUMP WAS SPEWING ANSWER ASIAN RHETORIC THAT CAUSED A SPIKE IN ANTI-ASIAN HATE CRIMES IN THIS NATION?

WHERE WAS MISS YOURSELF YEE?

>> Ted: RESPOND, PLEASE.

AND >> I HAVE A STRONG RECORD AT THE CAPITOL BECAUSE WE SERVED AT THE LEGISLATURE TOGETHER.

BACK IN 2010, WHEN I WAS ELECTED TO THE STATE HOUSE AND SERVED IN 2011 WITH MARTIN QUEZADA, I WALKED OVER TO HIS OFFICE TO COSIGN BILLS WITH ME, WHICH WE DID AGREE ON, PARTICULARLY ON EDUCATION ISSUES.

AND THOSE INSTANCES, I WAS REACHING ACROSS THE AISLE AND I HAVE A STRONG RECORD AND YOU CAN ASK ANYONE THAT I HAVE A STYLE OF BRINGING PEOPLE TOGETHER WITH VARIOUS PHILOSOPHICAL VOICES AND THAT'S IMPORTANT TO ELECT A LEADER.

>> Ted: YOU SAID YOU INVESTED IN ISRAELI COMPANIES BECAUSE YOU SUPPORT ISRAEL.

YOU INVESTED IN THOSE COMPANIES TO BRING A GREATER ROI.

>> ABSOLUTELY.

>> Ted: NOT BECAUSE THEY SUPPORT ISRAEL BUT THEY SUPPORT ISRAEL AND I WANT TO SUPPORT ISRAEL.

THAT'S NOT WHY.

>> FIRST OF ALL, WE SUPPORT COMPANIES THAT BRING THE HIGHEST RETURN ON THE INVESTMENT FOR THE TAXPAYER.

AND SO THAT IS CONSISTENT.

>> Ted: I WANTED TO CLEAR THAT UP.

>> LET'S TALK ABOUT THE STATE INVESTMENT STRATEGY.

OBVIOUSLY, THIS IS A HUGE PART OF THE OFFICE AND WHAT SHOULD IT LOOK LIKE?

MORE AGGRESSIVE, CAUTIOUS AND GIVEN THE ECONOMIC.

>> WHEN YOU A SAFE STRATEGY, YOU DON'T WANT TO LOCK IN YOUR INVESTMENTS IN A FEW ORGANIZATIONS, CORPORATIONS, ET CETERA.

THAT'S WHAT'S MISS YEE HAS BEEN DOING.

THAT THREATENS THE SAFETY OF THESE INVESTMENTS.

WE NEED TO FURTHER DIVERSIFY.

POLICIES LIKE ESG, THEY THREATEN TO DIVERSIFY OUR PORTFOLIO.

THESE ARE WIDELY ACCEPTED ACROSS THE WORLD THAT ALL PEOPLE WHO INVEST FUNDS GO BY.

FOR US TO LIMIT IS A BAD MOVE AND DONE FOR LITTLE REASONS AND IT WAS UNDER HER WORDS WHERE YOU HAD TO CLARIFY.

SHE PUT MORE MONEY INTO ISRAEL, NOT BECAUSE IT WAS A RETURN ON INVESTMENT.

WHEN WE LOCK IN ALL OF THAT MONEY INTO A FEW SPACES, IT'S IF ONE OF THOSE GOES BELLY UP, THAT'S ONE WE TEND TO LOSE.

>> WHAT ARE THE OTHER COMPANIES?

>> I HAVE A LIST OF THEM RIGHT HERE.

>> 186 IN THE CANADIAN BANK.

>> Ted: HOLD ON.

>> THAT'S BEFORE I WAS STATE TREASURER AND YOUR STATEMENTS IS THAT I HAVE CHANGED THE PORTFOLIO AROUND TO MY FAVORITES AND THAT IS ABSOLUTELY WRONG.

>> YOU HAVEN'T FIXED IT.

>> WE HAVE TO DUMP THAT PORTFOLIO OF THE TOP 1500 COMPANIES THAT ARE SAFE, UNITED STATES-BASED COMPANY AND PUT THEM IN FEEL-GOOD COMPANIES THAT YOU FEEL WOULD SAVE THE PLANET AND THOSE ARE NOT HIGH RETURNS FOR THE DOLLAR ON INVESTMENTS BACK TO THE TAXPAYER AND SO I HAVE CREATED A FINANCIALLY TRANSPARENT OFFICE IN MY ADMINISTRATION, PUTTING WHAT HE HAS IN HIS HAND AND ALL OF OUR PORTFOLIO AND THE COMPANIES THAT WE INVEST IN ARE ON OUR WEBSITE AND THEY'RE UPDATED EVERY MONTH WHENEVER WE HAVE A BOARD MEETING IS THAT THE PUBLIC CAN SEE WHERE THEY'RE INVESTMENTS GO.

>> Ted: WHAT ARE YOU SAYING THE PUBLIC WILL SEE WHEN THEY SEE THOSE INVESTMENTS?

>> BENEFIT,GUN, SHE'SSHE'S VIOLATING HER OWN POLICIES.

THEY SAY NO MORE THAN 5% FOR MY INDIVIDUAL CORPORATION AND SHE HAS 186 MILLION IN APPLE AT 7.12% AND VIOLATING HER OWN POLICY AND PUTTING TOO MUCH INTO A SMALL NUMBER OF COMPANIES.

THAT HURTS OUR SAFETY.

>> THIS GIVES A PERFECT EXAMPLE TO THE VIEWERS WATCHING THAT HE DOES NOT KNOW THE JOB OF THE STATE TREASURER AND PICKING APART NUMBERS AND PUTTING THEM ALL TOGETHER IN TOTAL.

WHEN WE INVEST FOR HER STATE AGENCIES AND LOCAL GOVERNMENTS AND INVEST FOR POOLS AS WELL AS PERMANENT LAND ENDOWMENT TRUST FUND, SHE'S ARE SEPARATE INVESTMENTS.

AS YOU CAN SEE, HE'S ADDING THEM ALL TOGETHER TO CREATE A NUMBER THAT FITS BEST FOR HIS TALKING POINT.

SO CLEARLY, HE HAS NO EXPERIENCE FOR THIS OFFICE AND HE IS SHOWCASING IN THIS CHAIR TODAY.

[ Laughter ] >> THAT'S LAUGHABLE.

IT'S $186 MILLION IN APPLE IN JUST ONE AND ALL TOTAL, SHE'S GOT 438 MILLION.

>> Ted: THAT'S WHO AGGRESSIVE OR IF IT'S BRINGING -- OR WHY IS THAT NOT SUCH A BAD DEAL?

>> YOU WANT A GOOD ROI, BUT YOU DON'T WANT TO CONSOLIDATE THAT INTO JUST A FEW CORPORATIONS.

DIVERSIFICATION AND THAT'S AN IMPORTANT PART OF AN A STRATEGY.

>> 1,500 OF THE LARGEST AND MOST SUCCESSFUL COMPANIES IN THE STATES OF AMERICA GIVES YOU THE BEST RETURN ON YOUR INVESTMENT.

I THINK MY OPPONENT IS TRYING TO AROAD THAT MY OFFICE, UNDER MY ADMINISTRATION HAS THE BEST PERFORMANCE.

WE HAVE THE HIGHEST TOP FOUR EARNINGS OF ARIZONA HISTORIC INVESTMENTS IN THE TREASURY AND THREE OF THOSE YEARS UNDER MY LEADERSHIP.

AND I WILL SHARE THAT OUR LOCAL GOVERNMENTS HAVE INCREASED THEIR EARNINGS BY OVER 75%.

SO YOU CAN'T FIGHT WITH THESE NUMBERS.

THAT'S WHY THESE TRYING TO MOVE TO OTHER TOPICS BECAUSE YOU CAN'T ARGUE WITH THESE.

>> Ted: 30 SECONDS LEFT.

>> SHE'S PLAYING WITH NUMBERS AND TALKING ABOUT TOTAL AMOUNT OF DOLLARS UNDER HER WATCH AND WHAT WE SHOULD BE LOOKING AT IS THE RATE OF RETURN AND THEY ARE NOT GOOD.

>> Ted: WE HAVE TO STOP IT THERE AND TIME FOR CLOSING STATEMENTS AND GOING IN REVERSE ORDER OF OPENING AND WE START WITH MARTIN QUEZADA.

>> WE'VE HEARD TONIGHT THAT MY OPPONENT IS POLITICIZING THIS OFFICE AND USING BAD INVESTMENT IN MONEY MANAGEMENT AND THAT'S NOT WHAT WE NEED IN THE STATE TREASURER'S OFFICE.

I BELIEVE THE PEOPLE DESERVE BETTER AND SOMEONE WHO WILL USE SOUND INVESTMENT STRATEGIES IN THIS OFFICE.

THE PEOPLE OF ARIZONA BELIEVE SOMEONE THAT IT'S NOT JUST NUMBERS ON A SPREADSHEET TO ADVANCE A POLITICAL AGENDA.

THESE DOLLARS REPRESENT YOUR DOLLARS AND FUTURE AND THE THINGS WE CARE ABOUT IN ARIZONA.

I'M GOING TO TREAT THEM THAT WAY AND OUR CURRENT STATE TREASURER HAS NOT.

I'M MARTIN QUEZADA AND I HOPE YOU CAN EARN YOUR VOTE VOTE AND YOU CAN LEARN MORE AT MARTIN QUEZADA.COM.

>> THE CLOSING STATEMENT FOR KIMBERLY YEE.

>> THANK YOU FOR WATCHING THIS EVENING AND AS YOU CAN SEE, THERE'S A CLEAR CONTRAST IN THE CANDIDATES FOR THIS OFFICE FOR STATE TREASURER AND I HAVE THE STRONG FISCAL EXPERIENCE TO LEAD THIS OFFICE, TO CONTINUE TO GROW IT AND PROSPER OR FINANCES IN ARIZONA SO THAT MORE MONEY GOES BACK TO THE TAXPAYERS OF ARIZONA AND I WILL CONTINUE THE PLATFORM OF FINANCIAL EDUCATION AND FINANCIAL LITERACY SO OUR STUDENTS AS WELL AS OUR SENIOR CITIZENS, OUR VETERANS AND VULNERABLE FAMILIES UNDERSTAND THE IMPORTANCE OF PERSONAL, FINANCIAL MANAGEMENT FOR OUR STATE AND COUNTRY.

I WILL CONTINUE TO VISIT ALL 15 ARIZONA COUNTIES TO ENSURE THEIR LOCAL DOLLARS ARE MAKING SURE THAT THEY ARE GETTING MORE MONEY FOR ROADS, EDUCATION AND THEIR WORKFORCE.

I'M KIMBERLY YEE AND I HOPE YOU'LL VISIT MY WEBSITE AT KIMBERLY YEE.COM.

THANK YOU.

>> ARIZONA HORIZON'S NEXT DEBATE IS THURSDAY AND FEATURES CANDIDATES FOR U.S. SENATE, MARK KELLY, BLAKE MASTERS AND MARC VICTOR.

IT STARTS AT 6:00 P.M. AND AIRS AT 10 P 10:00 P.M. AND LIVESTREAMED AS AZPBS.ORG.

>> Ted: YOU CAN CATCH ALL OF THE PAST PROGRAMMING.

YOU HAVE A GREAT EVENING!