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2 <br />Portfolio Activity <br />There was $14.1 million invested in a diversified mix of Treasury, Agency, Auto ABS and Corporate <br />securities over the course of the quarter, with the goal of maintaining the maturity and duration profile of the <br />City’s investment portfolio consistent with internal targets. The maturities of the purchases ranged from <br />January 2018 to February 2022. The proceeds to fund the purchases came from a $10 million contribution <br />in December, one security sale and five maturities. <br />12/31/2017 9/30/2017 <br />LAIF - City Pool #98-01-809 $54,471,144 $54,317,588 <br />LAIF - Successor Agency 20,988 2,378,550 <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 9,308,877 4,637,055 <br />Total LAIF and Bank Accounts $63,801,011 $61,333,196 <br />Investment Portfolio Market Value $55,083,962 $45,119,493 <br />Total Market Value $118,884,973 $106,452,689 <br />LAIF Quarterly Apportionment Rate 1.20% 1.07% <br />2 year US Treasury Yield to Maturity 1.89% 1.47% <br />5 year US Treasury Yield to Maturity 2.20% 1.92% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.77 1.59 <br /> Modified Duration 1.67 1.54 <br /> Average Book Yield 1.53% 1.37% <br /> Average Yield to Maturity at Market 1.88% 1.50% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br />Portfolio Characteristics <br />1153