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2 <br />Several securities were purchased in the Treasury, Agency,Corporate and Asset-Backed Security (ABS) <br />sectors to take advantage of opportunities in the market and to maintain the portfolio with strategy <br />targets.The purchased securities ranged in maturity from February 2023 to September 2025.The <br />purchases were funded with the proceeds from recent maturities in the portfolio along with one called <br />bond. <br />3/31/2021 12/31/2020 <br />LAIF - City Pool #98-01-809 $56,468,087 $42,399,428 <br />LAIF - Successor Agency 28,173 28,128 <br />Passbook/Checking Accounts 16,035,651 20,607,782 <br />Total LAIF and Bank Accounts $72,531,910 $63,035,338 <br />Investment Portfolio Market Value $106,206,339 $106,397,654 <br />Total Market Value $178,738,249 $169,432,992 <br />LAIF Quarterly Apportionment Rate 0.44%0.63% <br />2 year US Treasury Yield to Maturity 0.16%0.13% <br />5 year US Treasury Yield to Maturity 0.92%0.36% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.87 1.89 <br /> Modified Duration 1.80 1.83 <br /> Average Book Yield 1.62%1.78% <br /> Average Yield to Maturity at Market 0.27%0.21% <br /> Average Quality S&P/Moody AA+/Aa1 AA+/Aa2 <br />Portfolio Characteristics <br />119