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2 <br />There was $14.7 million invested in a diversified mix of Treasury, agency,ABS,Supranational andcorporatesecuritiesover 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 August 2018 to May 2022.The proceeds to fund the purchases came from six maturities a $10 <br />million contribution in April 2018. <br />6/30/2018 3/31/2018 <br />LAIF - City Pool #98-01-809 $61,409,179 $62,384,401 <br />LAIF - Successor Agency 26,718 26,621 <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 5,993,542 7,725,834 <br />Total LAIF and Bank Accounts $67,429,441 $70,136,858 <br />Investment Portfolio Market Value $65,201,329 $55,002,360 <br />Total Market Value $132,630,770 $125,139,218 <br />LAIF Quarterly Apportionment Rate 1.90% 1.51% <br />2 year US Treasury Yield to Maturity 2.52% 2.27% <br />5 year US Treasury Yield to Maturity 2.73% 2.56% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.86 2.00 <br /> Modified Duration 1.70 1.82 <br /> Average Book Yield 1.91%1.71% <br /> Average Yield to Maturity at Market 2.57% 2.36% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br />Portfolio Characteristics <br />66