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2 <br />Portfolio Activity <br />There was $9.1 million invested in a diversified mix of Treasury, Agency, Auto ABS, Supranational and <br />Corporate securities over the course of the quarter, with the goal of maintaining the maturity and duration <br />profile of the City’s investment portfolio consistent with internal targets. The maturities of the purchases <br />ranged from April 2018 to January 2022. The proceeds to fund the purchases came from one security call <br />and nine maturities. <br />3/31/2018 12/31/2017 <br />LAIF - City Pool #98-01-809 $62,384,401 $54,471,144 <br />LAIF - Successor Agency 26,621 20,988 <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 7,725,834 9,308,877 <br />Total LAIF and Bank Accounts $70,136,858 $63,801,011 <br />Investment Portfolio Market Value $55,002,360 $55,083,962 <br />Total Market Value $125,139,218 $118,884,973 <br />LAIF Quarterly Apportionment Rate 1.51% 1.20% <br />2 year US Treasury Yield to Maturity 2.27% 1.89% <br />5 year US Treasury Yield to Maturity 2.56% 2.20% <br />Investment Portfolio: <br /> Average Maturity (yrs)2.00 1.77 <br /> Modified Duration 1.82 1.67 <br /> Average Book Yield 1.71% 1.53% <br /> Average Yield to Maturity at Market 2.36% 1.88% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br />Portfolio Characteristics <br />1444