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CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31, 2021 SUMMARY: Primary City Managed Investment Portfolio The City of Pleasanton General investment portfolio increased by $13,379,859 during the quarter from December 31, 2020 to March 31, 2021; from $195,451,635 on December 31, 2020 to $208,831,494 on March 31, 2021. The increase in the portfolio during the quarter ending March 31, 2021 was primarily due to investing the property tax installment that remained in the City's general bank account at December 31, 2020. For the quarter ending March 31, 2021, the fiscal year to date effective rate of return on the portfolio was 1.41 percent. The average days to maturity (ADM) increased from 733 days on December 31, 2020 to 1,190 days on March 31, 2021. As described in this report, the City's investment in the LAIF decreased to $40.0 million from $75.0 million mainly due to continued investment in individual securities. The quarterly LAIF interest rate was 0.44 percent with ADM of 220 days. During the quarter approximately $28.9 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 0.550 percent to 1.125 percent. As of March 31, 2021, approximately 57.28 percent of the total portfolio consisted of U.S Treasuries and agency securities, while the LAIF investment was 19.15 percent of the portfolio. Corporate notes accounted for 23.1 percent of theportfolio. • Fair Market Value of total portfolio- $209,249,382 • Effective rate of return - 1.41 percent • Weighted average days to maturity - 1,190 days • Fiscal year-to-date net interest earnings - $2,064,812