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QUARTERS INVESTMENT DECISIONS (excluding LAIF and money market funds): Purchases: Issuer Buy Value Maturity Coupon(%) Yield(%) Date Microsoft Corp 2,010,780 02/06/20 1.850 1.650 Federal Farm Credit Bank 1,998,000 04/20/21 1.930 1.956 Federal Farm Credit Bank 1,996,700 04/20/21 1.930 1.973 FREDDIE MAC. 1,000,000 07/27/20 1.700 1.703 FREDDIE MAC. 1,000,000 05/22/20 1.650 1.650 FREDDIE MAC. 1,999,300 10/27/20 1.850 1.860 Federal National Mortgage Assn. 996,500 08/21/20 1.400 1.538 Federal Farm Credit Bank 1,474,115 04/27/20 1.620 1.641 Maturities: Maturity Issuer Par Value Date Coupon(%) Yield(%) Apple 1,001,189 05/12/17 0.900 0.725 Federal Farm Credit Bank 2,000,000 06/27/17 1.000 1.000 Federal Home Loan Bank 2,000,000 06/29/17 2.000 2.000 Called Bonds: Issuer Par Value Call Date Coupon(%) Yield(%) Federal Farm Credit Bank 1,000,000 04/25/17 1.470 1.470 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 FY 2017-18.