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THE CITY OF LAsAThb . CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31, 2020 SUMMARY: Primary City Managed Investment Portfolio The City of Pleasanton General investment portfolio increased by $4,300,981 during the quarter December 31,2019 to March 31, 2020, from $211,050,110 on December 31, 2019 to $215,351,091 on March 31, 2020. The increase in the portfolio during the quarter March 31, 2020, resulted from investing the property tax installment that remained in the City's general bank account at December 31, 2019. For the quarter ending March 31, 2020, the fiscal year to date effective rate of return on the portfolio was 2.46%. The average days to maturity (ADM) increased from 946 days on December 31, 2019 to 1,103 days on March 31, 2020. As described in this report, the City's investment in the LAIF decreased to $28.0 million from $36.0 million mainly due to continued investment in individual securities. The quarterly LAIF interest rate was 2.03% with ADM of 208 days. During the quarter approximately $58.9 million in securities matured or were called, which the City either used to fund operating costs or reinvest into Agencies and Corporates at the market rate. The yields on the newly added investments ranged from 1.10% to 2.85%. As of March 31, 2020, approximately 63.4% of the total portfolio consisted of U.S Treasuries and agency securities, while the LAIF investment was 13.0% of the portfolio. Corporate notes accounted for 23.1% of the portfolio. • Fair Market Value of total portfolio - $215,351,091 • Effective rate of return —2.42% • Weighted average days to maturity— 1,103 days • Fiscal year-to-date net interest earnings— $3,696,875