Investment |
Funds held for clients are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Demand deposit accounts and other cash equivalents | $ | 1,549,882 | | | $ | — | | | $ | — | | | $ | 1,549,882 | | U.S. Treasury and direct obligations of U.S. government agencies | 29,367 | | | — | | | (290) | | | 29,077 | | Corporate bonds | 112,753 | | | 4 | | | (1,894) | | | 110,863 | | Commercial paper | 6,642 | | | 2 | | | (3) | | | 6,641 | | Other securities | 19,817 | | | 2 | | | (366) | | | 19,453 | | | $ | 1,718,461 | | | $ | 8 | | | $ | (2,553) | | | $ | 1,715,916 | |
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2021 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Demand deposit accounts and other cash equivalents | $ | 557,366 | | | $ | — | | | $ | — | | | $ | 557,366 | | U.S. Treasury and direct obligations of U.S. government agencies | 28,757 | | | 92 | | | (11) | | | 28,838 | | Corporate bonds | 50,188 | | | 1,900 | | | (189) | | | 51,899 | | Commercial paper | 21,831 | | | 11 | | | (6) | | | 21,836 | | Other securities | 9,821 | | | 629 | | | (74) | | | 10,376 | | | $ | 667,963 | | | $ | 2,632 | | | $ | (280) | | | $ | 670,315 | |
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Investments Classified by Contractual Maturity Date |
Expected maturities as of June 30, 2022 for client fund assets are as follows: | | | | | | Due within fiscal year 2023 | $ | 1,632,317 | | Due within fiscal year 2024 | 37,050 | | Due within fiscal year 2025 | 35,092 | | Due after fiscal year 2025 | 11,457 | | Total | $ | 1,715,916 | |
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