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QUARTERS INVESTMENT DECISIONS (excluding LAIF and money market funds): Purchases: Issuer Buy Value Maturity Coupon(%)Yield(%) Date East West Bank 246,498 02/06/20 0.595 0.595 Apple Inc. 1,002,150 04/11/22 2.300 2.291 Federal Farm Credit Bank 1,995,300 10/05/21 1.950 2.097 Federal Farm Credit Bank 997,600 12/29/20 1.730 1.997 Federal Farm Credit Bank 992,500 10/19/20 1.375 1.875 Maturities: Maturity Issuer Par Value Date Coupon(%) Yield(%) East West Bank 245,000 07/29/17 0.595 0.595 Federal Farm Credit Bank 935,000 07/21/17 0.720 0.805 FREDDIE MAC 2,000,000 07/28/17 0.850 0.850 FREDDIE MAC 2,000,000 08/08/17 0.800 0.814 Federal Farm Credit Bank 2,000,000 09/21/17 0.900 0.900 FREDDIE MAC 2,000,000 09/29/17 1.000 1.095 Called Bonds: Issuer Par Value Call Date Coupon(%) Yield(%) Federal National Mortgage Assn 1,000,000 07/27/17 1.850 1.872 Federal National Mortgage Assn 1,000,000 08/28/17 0.750 0.800 Federal National Mortgage Assn 1,500,000 08/21/17 1.850 1.827 CURRENT INVESTMENT STRATEGY: Staff intends 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.