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The second portfolio (Capital Growth) addresses the longer-term pension liabilities with initial investment of $21.3 million. The focus of this portfolio is to earn a higher rate of return over the next ten years or so before we would need to draw upon it. Capital Growth PARS plan Account Balance 29.36 $29.11, Jul -18 Oct -18 Jan -19 Apr -19 Jul -19 Oct -19 Jan -20 Apr -20 Jul -20 Oct -20 Jan -21 Apr -21 Jul -21 Oct -21 The Capital Growth portfolio's September 30, 2021 balance was $29.11 million, slightly decreased from the June 30, 2021 balance of $29.36 million. The Capital Growth portfolio's quarterly investment return was a negative 0.78 percent. SAFEKEEPING OF SECURITIES: The two portfolios total $47.66 million, which are held by a third party for the benefit of the City of Pleasanton at US Bank. US Bank is the contractual agent for PARS trust investments that are managed by Highmark Capital Management. $35 $30 $25 $20 - 18.575-- 0 $15 —$13.2 $10.65 $10 $5.3 $5 --- $_ $- Capital Growth PARS plan Account Balance 29.36 $29.11, Jul -18 Oct -18 Jan -19 Apr -19 Jul -19 Oct -19 Jan -20 Apr -20 Jul -20 Oct -20 Jan -21 Apr -21 Jul -21 Oct -21 The Capital Growth portfolio's September 30, 2021 balance was $29.11 million, slightly decreased from the June 30, 2021 balance of $29.36 million. The Capital Growth portfolio's quarterly investment return was a negative 0.78 percent. SAFEKEEPING OF SECURITIES: The two portfolios total $47.66 million, which are held by a third party for the benefit of the City of Pleasanton at US Bank. US Bank is the contractual agent for PARS trust investments that are managed by Highmark Capital Management.