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CITY OF PLEASANTON <br /> INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF SEPTEMBER, 2021 <br /> SUMMARY: <br /> Primary City Managed Investment Portfolio <br /> The City of Pleasanton General investment portfolio increased by $22,082,712 <br /> (based on the investment book value) from $197,136,375 to $219,219,088 during the <br /> last quarter ending December 31, 2021. The increase in the portfolio resulted from <br /> various cash receipts including the large property tax installment in December and sales <br /> tax received during each month. <br /> For the quarter ending December 31, 2021, the fiscal year to date effective rate of <br /> return on the portfolio was 1.24 percent. The average days to maturity (ADM) <br /> slightly decreased from 1,324 days on September 30, 2021 to 1 ,245 days on <br /> December 31, 2021. <br /> As described in this report, the City's investment in the LAIF increased to $17million <br /> from $10 million mainly due to depositing property tax installment into LAIF until <br /> staff identified new investments to purchase. The quarterly LAIF apportionment <br /> interest rate was 0.23 percent with ADM of 340 days. The average monthly effective <br /> yield was 0.203 percent in October and November, and 0.212 percent in <br /> September. <br /> During the quarter, only $2.5 million in securities matured or were called,which the City <br /> either used to fund operating costs or reinvested into Agencies at the market rate. <br /> The yields on the newly added investments ranged from 0.150 percent (Certificate <br /> of Deposit) to 1 .375 percent. As of December 31, 2021, approximately 66.8 percent <br /> of the total portfolio consisted of federal agency securities, while the LAIF <br /> investment was 7.8 percent of the portfolio. Corporate notes accounted for 22.5 percent <br /> of the portfolio. <br /> • Fair Market Value of total portfolio - $217,795,355 <br /> • Fiscal year-to-date effective rate of return - 1 .24 percent <br /> • Weighted average days to maturity - 1,245 days <br /> • Fiscal year-to-date net interest earnings - $1,188,763 <br />