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Sector Allocation* 0.4% . 0.3% ■Certificates of Deposit-Bank 71.5% 13.3% LAIF Medium Term Notes it iI' u -;eI o 13.2/0 Federal Agency Issues-Coupon 1.3% Federal Agency Issues-Callable Supranationals 'Based on Market Value RETURNS ON ASSETS As of September 30, 2023 Effective rate of return: 1.52% COMPARATIVE MARKET RATES HISTORICAL RATES OF RETURN: (September 30, 2023) City of Pleasanton Pool Three Month Treasury Bill 5.55% September 30, 2019 2.18% Six Month Treasury Bill 5.53% September 30, 2020 1.74% One Year Treasury Bill 5.46% September 30, 2021 1.32% Two Year Treasury Note 5.03% September 30, 2022 1.24% The Federal Reserve has been raising interest rates since March 2022. After a pause in rate hikes in June, in July, the Federal Reserve raised the rate another 25-basis points, resulting in even higher comparative market rates. Most of the securities in the City's investment portfolio were purchased before the rate hikes, and the overall investment return is expected to be lower than the market rates in the near term. As securities mature and funds are reinvested, the City will be able to achieve higher investment returns. SAFEKEEPING OF SECURITIES: As of September 30, 2023, the entire portfolio, exclusive of money market accounts and LAW was held in third party safekeeping for the benefit of the City of Pleasanton at Bank of New York Mellon. Bank of New York Mellon is a contractual agent for the City of Pleasanton.