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2 <br />Portfolio Activity <br />There was $6.2 million invested in a diversified mix of Treasury,agency,ABS and corporate securities overthecourseofthequarter,with the goal of maintaining the maturity and duration profile of the City’s <br />investment portfolio consistent with internal targets.The maturities of the purchases ranged from October <br />2019 to January 2023.The proceeds to fund the purchases came from paydowns and six maturities. <br />9/30/2018 6/30/2018 <br />LAIF - City Pool #98-01-809 $44,694,166 $61,409,179 <br />LAIF - Successor Agency 26,844 26,718 <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 3,927,847 5,993,542 <br />Total LAIF and Bank Accounts $48,648,859 $67,429,441 <br />Investment Portfolio Market Value $65,451,694 $65,201,329 <br />Total Market Value $114,100,554 $132,630,770 <br />LAIF Quarterly Apportionment Rate 2.16%1.90% <br />2 year US Treasury Yield to Maturity 2.81%2.52% <br />5 year US Treasury Yield to Maturity 2.94%2.73% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.88 1.86 <br /> Modified Duration 1.68 1.70 <br /> Average Book Yield 2.06%1.91% <br /> Average Yield to Maturity at Market 2.80%2.57% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa1 <br />Portfolio Characteristics