Agmt24 U.S. Bancorp Asset Management - Amendment No.1

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REV: 11-14-24 MI Exhibit “A” SCOPE OF SERVICES AND FEE Consultant will provide the following services: Portfolio Management Consultant will directly manage the City’s portfolio by: Assisting the City with strategy development, Investment Policy review, and coordinating delivery of other services including reporting. Assisting the City’s portfolio management team by reviewing the City’s investment requirements, evaluating macro investment options, and coordinating an overall investment approach. Providing the City with a dedicated portfolio management team, responsible for implementing the investment strategy, including comparatively analyzing securities, executing trades, and coordinating and overseeing efficient settlement, and have discretion for sector and issue selections within the context of the City’s approved strategy and Investment Policy. Consultant’s understands that the management of public-sector funds is an important and highly visible public service. For this reason, the investment objectives, in order of priority, are: Safety: Preserve capital with high-quality investments Liquidity: Plan for and provide liquidity as needed Yield: Enhance return using low-risk active-management techniques Consultant will continue to manage the City’s portfolio, which is designed to produce higher returns than high-quality benchmarks with lower volatility and to work closely with the City to gain an in-depth understanding of its objectives and risk tolerance. Consultant will create investment programs that are safe, diversified, and have lower volatility. The Consultant investment approach is based on relative value including the thorough analysis of the relative merits and risks of various investment types, maturities, and issuers in the context of current market conditions. Consultant’s portfolio management teams will review the City’s portfolios on a daily basis to discuss market developments, product offerings, new issues, and the potential impact of pending economic announcements. Portfolio manager teams also review portfolio holdings, upcoming maturities, cash flows, and any other client-specific needs. Consultant will use the following strategies for portfolio management: duration management; sector weighting; yield curve placement; issue selection; cash flow analysis/limiting unnecessary liquidity; proactive management; and competitive shopping. Consultant will also be responsible for day-to-day tasks related to portfolio management, including coordinating trade settlement with the broker and custodian, reconciling investment activity, monitoring credit quality, and preparing investment reports. ATTY/AGR.2024/Amend.No.1/PFM Asset Management (PFM Asset Management_Amendment No.1) (Page 5 of 10)