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