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Gil CHANDLER <br /> AS <br /> MANA EMENT <br /> • ..n a.«�.�o;:..: ..�.......n., <br /> ■ <br /> Portfolio Characteristics <br /> 12/31/2010 9/30/2010 <br /> LAIF - City Pool #98 -01 -809 $33.428.536 $30.377,287 <br /> LAIF - Redevelopment Agency #65 -01 -005 453.663 452,890 <br /> LAIF - RDA 1999 Bond Proceeds #11 -01 -001 158 158 <br /> LAIF - RDA 2008 Bond Proceeds #11 -01 -038 12,726,079 12,709.665 <br /> LAIF - RDA 2004 Bond Proceeds #11 -01 -031 0 29 <br /> LAIF - Economic Development Agency 952.735 951,506 <br /> Passbook/Checking Accounts 2,139,285 6.297,426 <br /> Total LAIF and Bank Accounts $49,700,455 $50,788,961 <br /> Investment Portfolio Market Value $27.863.579 $27,877,526 <br /> Total Market Value $77,564,034 $78,666,487 <br /> LAIF Quarterly Apportionment Rate 0.46% 0.50% <br /> 2 year US Treasury Yield to Maturity 0 60% 0.42% <br /> 5 year US Treasury Yield to Maturity 2.02% 1.28% <br /> Investment Portfolio: <br /> Average Maturity (yrs) 1.48 1.48 <br /> Modified Duration 1.43 1,44 <br /> Average Book Yield 1.87% 2.07% <br /> Average Yield to Maturity at Market 0.58% 0.46% <br /> Average Quality AAA AAA <br /> Portfolio Activity <br /> During the fourth quarter of 2010, activity in the portfolio managed by Chandler Asset Management <br /> consisted of the purchase of $ 2.77 million in Agency securities. The portfolio sector allocation <br /> was 79.4% Agencies. 20.2% Treasuries. and 0.4% Money Market Fund. The portfolio structure and <br /> duration strategy has been directed by the City and has been subordinate to their cash Flow needs. <br />