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CITY OF PLEASANTON INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF MARCH 31,2023 SUMMARY: Primary City Managed Investment Portfolio The book value of the City of Pleasanton General investment portfolio increased by $3.9 million from $234.0 million to $237.9 million during the last quarter ending March 31, 2023. The increase was primarily due to property tax and sales tax payments from the county and the state. The fiscal year-to-date effective rate of return on the portfolio was 1.29 percent. The average days to maturity (ADM) decreased from 939 days on December 31, 2022 to 848 days on March 31, 2023. The City's investment in the Local Agency Investment Fund (LAIF) increased to $40.0 million from $30.0 million last quarter ending December 31, 2022. The quarterly LAIF apportionment interest rate was 2.74 percent with ADM of 275 days. The average monthly effective yield was 2.43 percent in January, 2.62 percent in February, and 2.83 percent in March. During the quarter, no securities were matured or called. As of March 31, 2023, approximately 67.4 percent of the total portfolio consisted of federal agency securities, while the LAIF investment was 17.9 percent of the portfolio. Corporate notes accounted for 14.0 percent of the portfolio. • Fair Market Value of total portfolio - $ 220,669,940 • Fiscal year-to-date effective rate of return - 1.29 percent • Weighted average days to maturity - 848 days • Fiscal year-to-date net interest earnings - $ 2,176,893 ASSET COMPOSITION: Investment Percent of Portfolio Certificates of Deposit- Bank 0.2% LAIF 17.9% Medium Term Notes 14.0% Federal Agency Issues - Coupon 2.1% Federal Agency Issues - Callable 65.3% Supranationals 0.4% 100.0%