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CITY OF PLEASANTON <br /> INVESTMENT ACTIVITY SUMMARY AND ANALYSIS AS OF JUNE 30, 2023 <br /> SUMMARY: <br /> Primary City Managed Investment Portfolio <br /> The book value of the City of Pleasanton General investment portfolio increased by <br /> $16.5 million from $237.9 million to $254.4 million during the last quarter ending June <br /> 30, 2023. The increase was primarily due to property tax and sales tax payments <br /> from the county and the state. The fiscal year-to-date effective rate of return on the <br /> portfolio was 1.38 percent. The average days to maturity (ADM) decreased from <br /> 848 days on March 31, 2023 to 723 days on June 30, 2023. <br /> The City's investment in the Local Agency Investment Fund (LAIF) increased to $60.0 <br /> million from $40.0 million last quarter ending March 31, 2023. The quarterly LAIF <br /> apportionment interest rate was 3.15 percent with ADM of 260 days. The average <br /> monthly effective yield was 2.87 percent in April, 2.99 percent in May, and 3.17 <br /> percent in June. <br /> During the quarter, only $3.8 million in securities was matured. As of June 30, 2023, <br /> approximately 61.9 percent of the total portfolio consisted of federal agency <br /> securities, while the LAIF investment was 25.1 percent of the portfolio. Corporate <br /> notes accounted for 12.4 percent of the portfolio. <br /> • Fair Market Value of total portfolio - $235,370,051 <br /> • Fiscal year-to-date effective rate of return - 1.38 percent <br /> • Weighted average days to maturity— 723 days <br /> • Fiscal year-to-date net interest earnings - $3,198,600 <br /> ASSET COMPOSITION: <br /> Investment Percent of <br /> Portfolio <br /> Certificates of Deposit - Bank 0.2% <br /> LAIF 25.1% <br /> Medium Term Notes 12.4% <br /> Federal Agency Issues - Coupon 1.1% <br /> Federal Agency Issues - Callable 60.8% <br /> Supranationals 0.4% <br /> 100.0% <br />