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MONTHLY INVESTMENT DECISIONS (excluding LAIF and money market funds): Purchases: Issuer Par Value Maturity Coupon Yield Date Federal Farm Credit Bank 935,000 07/21/17 0.72% 0.81% Federal Farm Credit Bank 1,115,000 06/18/18 1.17% 1.17% Federal Home Loan Mort. Corp 1,000,000 03/29/19 1.45% 1.45% Federal Home Loan Mort. Corp 1,000,000 06/28/19 1.55% 1.56% Federal Farm Credit Bank 1,057,000 09/23/19 1.60% 1.60% Maturities: Maturity Issuer Par Value Date Coupon Yield Federal Farm Credit Bank 1,000,000 09/15/15 0.40% 0.45% Called Bonds: Issuer Par Value Call Date Coupon Yield Federal Farm Credit Bank 2,000,000 09/01/15 0.97% 0.97% Federal Home Loan Mort. Corp 1,000,000 09/16/15 1.00% 1.00% Federal Home Loan Mort. Corp 1,000,000 09/18/15 1.50% 1.50% Federal Home Loan Bank 2,000,000 09/22/15 0.80% 0.80% Federal Home Loan Bank 1,000,000 09/22/15 1.60% 1.60% Federal Farm Credit Bank 2,000,000 09/25/15 1.79% 1.79% Federal Home Loan Bank 1,000,000 09/28/15 1.50% 1.50% Federal Farm Credit Bank 1,000,000 09/29/15 0.98% 1.01% Federal Home Loan Bank 1,000,000 09/29/15 1.40% 1.40% Federal Home Loan Bank 1,000,000 09/30/15 0.90% 0.90% 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.