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2 <br />Portfolio Activity <br />Several securities were purchased across the Treasury, Agency, and Corporate sectors of the market to <br />extend the maturity profile of the City’s portfolio to be closer to internal targets and the benchmark. The <br />purchased securities ranged in maturity from April 2020 to January 2021. One security was called and four <br />matured to facilitate the new holdings in the portfolio. <br />6/30/2017 3/31/2017 <br />LAIF - City Pool #98-01-809 $63,479,625 $50,874,344 <br />LAIF - Successor Agency 2,373,085 2,368,554 <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 10,809,693 10,811,427 <br />Total LAIF and Bank Accounts $76,662,406 $64,054,327 <br />Investment Portfolio Market Value $44,969,189 $44,842,668 <br />Total Market Value $121,631,595 $108,896,995 <br />LAIF Quarterly Apportionment Rate 0.92%0.78% <br />2 year US Treasury Yield to Maturity 1.38%1.27% <br />5 year US Treasury Yield to Maturity 1.89%1.93% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.61 1.59 <br /> Modified Duration 1.56 1.54 <br /> Average Book Yield 1.33%1.28% <br /> Average Yield to Maturity at Market 1.45%1.32% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br />Portfolio Characteristics