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Portfolio Activity <br />During the fourth quarter of 2015 four securities matured with a cumulative par value of 2.690 million. <br />The Chandler team reinvested the proceeds into six new holdings, two Treasury notes, two Agency <br />notes, and two Corporate notes. The maturity range for the purchased securities was April 2018 to <br />August 2019. The current duration of the portfolio is 1.62, modestly below the City’s 1-3 year Treasury <br />and Agency benchmark. <br />2 <br />12/31/2015 9/30/2015 <br />LAIF - City Pool #98-01-809 $29,216,419 $37,581,096 <br />LAIF - Successor Agency 2,621,611 2,619,502 <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 14,700,568 5,121,766 <br />Total LAIF and Bank Accounts $46,538,601 $45,322,367 <br />Investment Portfolio Market Value $39,192,913 $39,314,136 <br />Total Market Value $85,731,514 $84,636,503 <br />LAIF Quarterly Apportionment Rate 0.37%0.32% <br />2 year US Treasury Yield to Maturity 1.06%0.64% <br />5 year US Treasury Yield to Maturity 1.76%1.37% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.65 1.72 <br /> Modified Duration 1.62 1.69 <br /> Average Book Yield 1.04%0.97% <br /> Average Yield to Maturity at Market 1.13%0.75% <br /> Average Quality S&P/Moody AA/Aa1 AA/Aa1 <br />Portfolio Characteristics