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© PFM Asset Management LLC pfmam.comCITY OF REDWOOD CITYFor the Quarter Ended June 30, 2024Portfolio Snapshot|Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interest.The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.1.Portfolio Snapshot - REDWOOD CITY¹Credit Quality - S&P12%27%20%32%8%5%34%26%23%12%0%5%10%15%20%25%30%35%0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 YrsPortfolioBenchmarkDuration DistributionU.S. Treasury | 53%Agency CMBS | 16%Corporate | 14%Federal Agency | 9%ABS | 6%Municipal | 1%Supranational | 1%Negotiable CD | 1%Sector AllocationAAA | 6%AA+ | 78%AA | 2%AA- | <1%A+ | 8%A | 3%A- | 2%BBB+ | <1%Not Rated | 2%Portfolio StatisticsPortfolio Effective Duration2.48 yearsBenchmark Effective Duration2.52 yearsPortfolio Credit QualityAAYield At Market4.84%Yield At Cost3.33%Total Market Value$264,479,804.40$262,865,172.47Securities Sub-Total$285,471.13Cash$1,329,160.80Accrued Interest6.B. - Page 10 of 6524