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2 <br />Portfolio Activity <br />There was $10.2 million invested in a diversified mix of agency,commercial paper and ABS over the course of the <br />quarter,with the goal of maintaining the maturity and duration profile of the City’s investment portfolio consistent <br />with internal targets.Eight maturities totaling $9.1 million and paydowns from ABS funded the new purchases.The <br />maturities of the purchases ranged from February 2020 to June 2024. <br />9/30/2019 6/30/2019 <br />LAIF - City Pool #98-01-809 $25,995,020 $59,108,776 <br />LAIF - Successor Agency 27,498 27,324 <br />Passbook/Checking Accounts 15,591,083 4,689,216 <br />Total LAIF and Bank Accounts $41,613,601 $63,825,316 <br />Investment Portfolio Market Value $108,638,882 $107,826,964 <br />Total Market Value $150,252,483 $171,652,280 <br />LAIF Quarterly Apportionment Rate 2.45%2.57% <br />2 year US Treasury Yield to Maturity 1.63%1.75% <br />5 year US Treasury Yield to Maturity 1.55%1.76% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.93 1.94 <br /> Modified Duration 17.71 1.73 <br /> Average Book Yield 2.40%2.44% <br /> Average Yield to Maturity at Market 1.83%2.03% <br /> Average Quality S&P/Moody AA/Aa1 AA/Aa1 <br />Portfolio Characteristics <br />74