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THE CITY OF PLEASANTON. CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31, 2015 SUMMARY: The City of Pleasanton investment portfolio decreased by $445,370 during the third quarter of Fiscal Year 2014-15, from $193,230,687 on December 31, 2014 to $192,785,317 on March 31, 2015. For the quarter ending March 31, 2015 the yield to maturity on the portfolio was 0.82% an increase from 0.71%reported for the quarter ended December 31, 2014. The average days to maturity increased from 609 days on December 31, 2014 to 650 days on March 31, 2015. As described in this report, the City has $45 million in LAIF which is $5 million less than the $50 million the City has historically held in LAIF. LAIF is a short term investment option available to local agencies in California administered by the State Treasurer's Office. The quarterly LAIF interest rate was 0.26% and its ADM was 191 days. During the third quarter, City staff moved $5,000,000 from LAIF to higher yielding, longer term investments with the goal of increasing the City's investment returns on the portfolio. The interest rates on the new investments range from 0.60%to 1.78%. As of March 31, 2015 approximately 75% of the total portfolio consisted of U.S Treasuries and agency securities. • Fair Market Value of total portfolio - $192,785,317 • Yield to maturity—0.82% • Weighted average days to maturity—650 days • Fiscal year-to-date net interest earnings—$1,021,903 ASSET COMPOSITION: U.S. Treasury Notes 1.04% Federal Farm Credit Bank(FFCB) Obligations 22.80% Federal Home Loan Bank(FHLB) Obligations 27.18% Federal Home Loan Mort. Corp. (FHLMC) Obligations 14.54% Federal National Mortgage Assn. (FNMA) Obligations 9.55% Local Agency Investment Fund (LAIF) 23.34% Medium Term Notes 1.04% Certificates of Deposit 0.51% Total 100.00%