Laserfiche WebLink
~,. ~ CHANDLER <br />~.!' ' DEMENT <br />Portfolio Characteristics <br /> 12/31 /2007 9/30/2007 <br />LAIF -City Pool $34,285,600 $30,797,648 <br />LAIF -Redevelopment Agency 3,814,771 3,926,649 <br />LAIF -RDA 1993A Bond Proceeds 38,171 37,675 <br />LAIF -RDA 2004 Bond Proceeds 1,028,364 1,820,436 <br />LAIF -Economic Development Agency 5,000,000 0 <br />Managed Pool Accounts 333,125 328,996 <br />Passbook/Checking Accounts 66,056 5,257,692 <br />Total LAIF and Bank Accounts $44,566,086 $42,169,097 <br />Investment Portfolio Market Value $41,760,703 $49,901,583 <br />Total Market Value $86,326,789 $92,070,680 <br />LAIF Quarterly Apportionment Rate 4.80% 5.24% <br />2 year US Treasury Yield to Maturity 3.05% 3.95% <br />5 year US Treasury Yield to Maturity 3.45% 4.22% <br />Investment Portfolio: <br />Average Maturity (yrs) 1.33 1.04 <br />Modified Duration 1.24 0.97 <br />Average Book Yield 4.42% 4.56% <br />Average Yield to Maturity at Market 3.97% 4.71 <br />Average Quality AAA AAA <br />POrtfO~iO ACtIVIt~/ <br />During the fourth quarter of 2007, activity in the portfolio managed by Chandler Asset Management was <br />influenced by net withdrawals of $9.0 million. Portfolio activity included the re-investment of maturing balances <br />into Treasury, Agency, and Corporate securities with maturities ranging between December 2009 and August <br />2011. The portfolio sector allocation is currently 68.7% Agencies, 15.5% Treasuries, 13.8% Corporates, and <br />1.9% Money Market Fund. The portfolio structure and duration strategy has been directed by the City and has <br />been subordinate to their cash flow needs. Currently the City's portfolio duration is about 80% of the 1-3 Year <br />Government benchmark. <br />5 <br />