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Portfolio Activity <br />During the second quarter of 2015 activity in the portfolio managed by Chandler Asset Management <br />was influenced by the reinvestment of $1.8 million from maturing securities. The newly purchased <br />securities included a Treasury and Agency note and ranged in maturity from April 2018 to June 2019. <br />The current duration of the portfolio is 1.69 year, close to the City’s 1-3 year Treasury and Agency <br />benchmark. <br />2 <br />6/30/2015 3/31/2015 <br />LAIF - City Pool #98-01-809 $48,246,854 $38,921,244 <br />LAIF - Successor Agency 2,617,652 2,615,974 <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 2 2 <br />Passbook/Checking Accounts 5,186,782 8,443,461 <br />Total LAIF and Bank Accounts $56,051,290 $49,980,682 <br />Investment Portfolio Market Value $39,180,366 $39,154,625 <br />Total Market Value $95,231,656 $89,135,307 <br />LAIF Quarterly Apportionment Rate 0.28%0.26% <br />2 year US Treasury Yield to Maturity 0.64%0.56% <br />5 year US Treasury Yield to Maturity 1.63%1.37% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.72 1.81 <br /> Modified Duration 1.69 1.77 <br /> Average Book Yield 0.97%0.95% <br /> Average Yield to Maturity at Market 0.75%0.66% <br /> Average Quality S&P/Moody AA/Aa1 AA/Aa1 <br />Portfolio Characteristics