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J CHANDLER <br /> l ASSET <br /> MANAGEMENT <br /> Portfolio Characteristics <br /> 3/31/2013 12/31/2012 <br /> LAIF - City Pool #98-01-809 $28,734,197 $28,734,197 <br /> LAIF - Successor Agency 5,901,798 5,901,798 <br /> LAIF - RDA 1999 Bond Proceeds #11-01-001 0 0 <br /> LAIF - RDA 2008 Bond Proceeds #11-01-038 0 0 <br /> LAIF - Economic Development Agency 0 0 <br /> Passbook/Checking Accounts 114,519 6,325,418 <br /> Total LAIF and Bank Accounts $34,750,514 $40,961,413 <br /> Investment Portfolio Market Value $33,571,831 $33,525,157 <br /> Total Market Value $68,322,345 $74,486,570 <br /> LAIF Quarterly Apportionment Rate 0.28% 0.32% <br /> 2 year US Treasury Yield to Maturity 0.24% 0.25% <br /> 5 year US Treasury Yield to Maturity 0.76% 0.72% <br /> Investment Portfolio: <br /> Average Maturity (yrs) 1.79 1.83 <br /> Modified Duration 1.75 1.78 <br /> Average Book Yield 0.76% 0.78% <br /> Average Yield to Maturity at Market 0.33% 0.34% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br /> Portfolio Activity <br /> During the first quarter of 2013, activity in the portfolio managed by Chandler Asset Management <br /> consisted of the reinvestment of $2.35 million in several Agency and high quality Corporate <br /> securities with maturities ranging from January 2015 to October 2017. The portfolio structure and <br /> maturity strategy has been directed by the City. Currently, the portfolio's average maturity is 1 .79 <br /> years and is about equal to that of the 1-3 Year Government benchmark. <br />