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~~ CHANDLER <br />ti,,,~~„ ~ M~ A AGEMENT <br />Portfolio Characteristics <br /> 6/30/2009 3/31 /2009 <br /> <br />I.AIF -City Pool #98-01-809 $37,008,921 $36,835,801 <br />LAIF -Redevelopment Agency#65-01-005 2,853,050 3,288,759 <br />LAIF -RDA 1993A Bond Proceeds #11-01-001 157 156 <br />LAIF -RDA 2008 Bond Proceeds #11-01-038 23,216,596 24,897,674 <br />I..AIF -Economic Development Agency 13,358,138 12,286,862 <br />Managed Pool Accounts Dreyfus 344,319 .343,779 <br />Passbook/CheckingAcrnunts 1,612,459 695,683 <br />Toil LAIF and Bank Accounts 578,393,639 $78,348,714 <br />Investment Portfolio Market Value $28,589,583 $29,669,991 <br />Total Market Value ;106,983,222 ;108,018,705 <br />I.AIF Quarterly Apportionment Rate 1.51 % 1.91 <br />2 year US Treasury Yield to Maturity 1.11 % 0.80% <br />5 year US Treasury Yield to Maturity 2.56% 1.68% <br />Investment Portfolio: <br />Average Maturity (yrs) 1.23 1.28 <br />Modfied Duration 1.18 1.22 <br />Average Book Yield 3.25% 3.63% <br />Average Yeld to Maturity at Market 0.88% 1.08% <br />Average Quality AAA AAA <br />Portfolio Activity <br />Since March 31, 2009, activity in the portfolio managed by Chandler Asset Management primarily consisted <br />of the reinvestment of several maturing securities balances, and the withdrawal of $1.2 million. The <br />portfolio sector allocation is 57.9°~ Agencies, 30.7% Treasuries, 3.6°~ Corporates, and 7.9°~ Money Market <br />Fund. The portfolio structure and duration strategy has been directed by the City and has been subordinate <br />to their cash flow needs. The City's portfolio duration is about 69% of the 1-3 Year Government benchmark. <br />