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2 <br />Portfolio Activity <br />There was $24.5 million invested in a diversified mix of agency,commercial paper,corporate notes and <br />Treasury securities over the course of the first half of 2020,with the goal of maintaining the maturity and <br />duration profile of the City’s investment portfolio consistent with internal targets.Numerous maturities <br />totaling $18.9 million and paydowns from ABS funded the new purchases.The maturities of the purchases <br />ranged from April 2020 to May 2025. <br />6/30/2020 12/31/2019 <br />LAIF - City Pool #98-01-809 $62,131,300 $37,263,671 <br />LAIF - Successor Agency 27,967 27,668 <br />Passbook/Checking Accounts 15,803,375 10,445,100 <br />Total LAIF and Bank Accounts $77,962,641 $47,736,439 <br />Investment Portfolio Market Value $112,224,262 $109,222,318 <br />Total Market Value $190,186,903 $156,958,757 <br />LAIF Quarterly Apportionment Rate 1.47%2.29% <br />2 year US Treasury Yield to Maturity 1.38%1.89% <br />5 year US Treasury Yield to Maturity 1.89%2.20% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.91 1.87 <br /> Modified Duration 1.80 1.67 <br /> Average Book Yield 2.03%2.39% <br /> Average Yield to Maturity at Market 0.31%1.73% <br /> Average Quality S&P/Moody AA/Aa1 AA/Aa1 <br />Portfolio Characteristics <br />2407