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2 <br />Portfolio Activity <br />There was $30.0 million invested in a diversified mix of Treasury,agency,commercial paper,ABS and corporate <br />securities over the course of the quarter,with the goal of maintaining the maturity and duration profile of the City’s <br />investment portfolio consistent with internal targets.Two contributions totaling $13 million assisted in the purchasing <br />activitiesas well as thirteen maturities.The maturities of the purchases ranged from May 2019 to March 2024. <br />6/30/2019 3/31/2019 <br />LAIF - City Pool #98-01-809 $59,108,776 $63,233,824 <br />LAIF - Successor Agency 27,324 27,153 <br />Passbook/Checking Accounts 4,689,216 4,931,518 <br />Total LAIF and Bank Accounts $63,825,316 $68,192,495 <br />Investment Portfolio Market Value $107,826,963 $93,341,585 <br />Total Market Value $171,652,279 $161,534,080 <br />LAIF Quarterly Apportionment Rate 2.57%2.55% <br />2 year US Treasury Yield to Maturity 1.75%2.27% <br />5 year US Treasury Yield to Maturity 1.76%2.23% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.94 1.91 <br /> Modified Duration 1.73 1.71 <br /> Average Book Yield 2.44%2.41% <br /> Average Yield to Maturity at Market 2.03%2.45% <br /> Average Quality S&P/Moody AA/Aa1 AA+/Aa1 <br />Portfolio Characteristics <br />80