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m e n .THE CITY OF i PLEASANTON. CITY OFPLEASANTON INVESTMENT ACTIVITYSUMMARYAND ANALYSIS AS OF JUNE 30, 2015 SUMMARY: The City of Pleasanton investment portfolio increased by $7,976,082 during the fourth quarter of FY 2014-15, from$192,785,317 on March 31, 2015 to $200,761,399 on June 30, 2015. For the quarter ending the yield to maturity on the portfolio was 0.86%an increase from 0.82% reported for the quarter ended March 31, 2015. The average days to maturity (ADM) decreased from 650 days on March 31, 2015 to 646 days on June 30, 2015. As described in this report, the City increased its investment in Local Agency Investment Fund (LAIF)to $50 million. 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 0.28% and its ADM was 239 days. During the fourth quarter, City staff moved $5,000,000 into LAIF and approximately $3,000,000 into 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 0.70%to 1.79%. As of June 30, 2015 approximately 73% of the total portfolio consisted of U.S Treasuries and agency securities. • Fair Market Value of total portfolio - $200,761,399 • Yield to maturity—0.86% • Weighted average days to maturity—646 days • Fiscal year-to-date net interest earnings—$1,207,308 ASSET COMPOSITION: U.S. Treasury Notes 1.00% Federal Farm Credit Bank(FFCB) Obligations 26.83% Federal Home Loan Bank(FHLB) Obligations 25.47% Federal Home Loan Mort. Corp. (FHLMC) Obligations 14.32% Federal National Mortgage Assn. (FNMA) Obligations 4.99% Local Agency Investment Fund (LAIF) 24.91% Medium Term Notes 2.00% Certificates of Deposit 0.48% Total 100.00%