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Called Bonds: Issuer Par Value Call Date Coupon Yield Federal National Mortgage Assn 1,000,000 06/18/15 1.38% 1.38% Federal Home Loan Mort. Corp 2,000,000 06/20/15 0.63% 0.63% Federal National Mortgage Assn 1,000,000 06/24/15 1.50% 1.50% Federal Home Loan Mort. Corp 2,000,000 06/26/15 1.50% 1.51% Federal Home Loan Mort. Corp 1,000,000 06/26/15 1.55% 1.55% Federal Home Loan Mort. Corp 1,000,000 06/26/15 1.70% 1.70% Federal Home Loan Mort. Corp 2,000,000 06/26/15 1.75% 1.78% Federal Home Loan Bank 2,000,000 06/29/15 1.50% 1.50% Federal Home Loan Bank 2,000,000 06/30/15 0.77% 0.77% Federal Home Loan Mort. Corp 2,000,000 06/30/15 1.02% 1.05% CURRENT INVESTMENT STRATEGY: Staff continues to invest in a mix of fixed income securities as excess cash is available while continuing to match maturities with future cash needs. As previously discussed, staff has begun to extend maturities in order to provide additional income and structure to the portfolio. Additionally, staff is cautiously increasing the portfolio's credit exposure in order to pick up incremental yields while complying with the City's investment policy's mandate of safety, liquidity, and yield. This strategy is expected to continue throughout FY2015-16.