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THE CITY OF pLEASANTON® CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF JUNE 30, 2018 SUMMARY: Primary City Manned Investment Portfolio The City of Pleasanton investment portfolio increased significantly by 14,191,282.79 ($2,166,282.79 towards the General investment portfolio and 12,025,000 invested into the new Section 115 Trust fund for Pensions), during the Fourth quarter of FY 2017-18, from $206,078,573 on March 31, 2018 to $204,802,362 on June 30, 2018. For the quarter ending the yield to maturity on the portfolio was 1.56%, an increase from 1.35%reported for the quarter ended March 31, 2018. The average days to maturity (ADM) decreased from 434 days on March 31, 2018 to 423 days on June 30, 2018. As described in this report, the City's investment in the Local Agency Investment Fund (LAIF) increased to $50 million up by 12 Million in anticipation of investing into the Pension Trust Fund. This 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 1.854% and its ADM was 193 days. During the quarter approximately $23.1 million in securities matured. Approximately $ 25.3 million of these were reinvested into significantly higher yielding investments as the yields moved higher with a great deal of volatility, during the quarter the Fed made a yet another increase to discount rate. The interest rates on the newly added investments ranged from 2.65% to 2.92%. As of June, 30st 2018 approximately 69.01% of the total portfolio consisted of U.S Treasuries and agency securities, LAIF investment was 24.16%of the portfolio. • Fair Market Value of total portfolio - $205,135,743.73 • Yield to maturity— 1.56% • Weighted average days to maturity—423 days • Fiscal year-to-date net interest earnings—$2,659,617.97