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THE CITY OF pLEASANTONO CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31, 2016 SUMMARY: The City of Pleasanton investment portfolio decreased by $1,652,212 during the third quarter of Fiscal Year 2015-16, from $187,114,205 on December 31, 2015 to $185,461,993 on March 31, 2016. For the quarter ending March 31, 2016 (third quarter) the yield to maturity on the portfolio was 0.85% a decrease from 0.88%reported for the quarter ended December 31, 2015. The average days to maturity decreased from 650 days on December 31, 2015 to 577 days on March 31, 2016. During the quarter$14 million was called by Federal Agency issuers, all of which was invested in similar maturing investments with lower yields. As described in this report, the City has $39 million in LAIF which is $11 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 0.46% and its average days maturity was 146 days. During the third quarter, City staff moved$11 million from LAIF, of which $8.7 million was invested in higher yielding, longer term investments with the goal of increasing the City's investment returns. The interest rates on the new investments range from 0.90%to 1.63%. As of March 31, 2016 approximately 77% of the total portfolio consisted of U.S Treasuries and agency securities. • Fair Market Value of total portfolio - $185,461,993 • Yield to maturity—0.851% • Weighted average days to maturity—577 days • Fiscal year-to-date net interest earnings—$1,185,753 ASSET COMPOSITION: U.S. Treasury Notes 1.08% Federal Farm Credit Bank(FFCB) Obligations 27.03% Federal Home Loan Bank(FHLB) Obligations 21.21% Federal Home Loan Mort. Corp. (FHLMC) Obligations 16.03% Federal National Mortgage Assn. (FNMA) Obligations 11.88% Local Agency Investment Fund(LAIF) 21.03% Medium Term Notes 1.08% Certificates of Deposit 0.66% Total 100.00%