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The second portfolio (Capital Growth) addresses the longer-term pension liabilities <br /> and is currently designed to have an initial investment of $21.3 million. The focus <br /> of this portfolio is to earn a higher rate of return over the next ten years or so <br /> before we would need to draw upon it. <br /> Capital Growth PARS plan <br /> $30.00 $27.80 <br /> $26.71 <br /> $25.00 $22.24 $22.81 <br /> $21.56 $19.95 <br /> $20.00 18.575 <br /> $15.00 $13.2 <br /> $10.65 <br /> $10.00 <br /> $5.3 <br /> $5.00 I <br /> ti9.) ti� °' � yci �i yoi °) LO 0 ,10 10 ,LO LO NLti <br /> \V> aJ �J� eQ ,c4o� ate bac g ��� ,Q <br /> As of March 31, 2021, the Conservative portfolio's balance was $18.32 million, an <br /> increase of $0.15 million, over the December 31, 2020 balance of$18.17 million. <br /> The Conservative portfolio's investment return for the quarter ending March 31, <br /> 2021 was 0.91 percent. The Capital Growth portfolio's March 31, 2021 balance was <br /> $27.80 million, an increase of$1.09 million from the December 31, 2020 balance <br /> of$26.71 million. The Capital Growth portfolio's quarterly investment return was - <br /> 4.19 percent. <br /> SAFEKEEPING OF SECURITIES: <br /> The two portfolios total $46.12 million, which are held by a third party for the benefit <br /> of the City of Pleasanton at US Bank. US Bank is the contractual agent for PARS <br /> trust investments that are managed by Highmark Capital Management. <br />