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THE CITY OF pLEASANTON,, CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF JUNE 30, 2020 SUMMARY: Primary City Managed Investment Portfolio The City of Pleasanton General investment portfolio increased by $1,853,931 (based on the investment book value) from $215,351,092 to $217,205,023 during the last quarter ending on June 30, 2020. The increase in the portfolio resulted from various cash transactions including the property tax installment during the April. For the year ending June 30, 2020, the fiscal year to date effective rate of return on the portfolio was 2.33%. The average days to maturity (ADM) decreased from 1,103 days on March 31, 2020 to 809 days on June 30, 2020. As described in this report, the City's investment in the LAIF increased to $75 million from $28 million mainly due to take advantage of a high short-term interest rate that LAIF offered. The quarterly LAIF interest rate was 1.41% with ADM of 191 days. During the quarter approximately $59.9 million in securities matured or were called, which the City either used to fund operating costs or reinvest into LAIF, Agencies and Corporates at the market rate. The yields on the newly added investments ranged from 0.15% to 1.76%. As of June 30, 2020, approximately 41.1% of the total portfolio consisted of U.S Treasuries and agency securities, while the LAIF investment was 34.5% of the portfolio. Corporate notes accounted for 23.9% of the investment portfolio. • Fair Market Value of total portfolio - $217,205,023 • Effective rate of return — 2.33% • Weighted average days to maturity — 809 days • Fiscal year-to-date net interest earnings — $4,862,052