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Investment Performance ReviewFor the Quarter Ended June 30, 2025Client Management TeamPFM Asset ManagementA division of U.S. Bancorp Asset Management, Inc213 Market StreetHarrisburg, PA 17101-2141717-232-27231 California Street Ste 1000San Francisco, CA 94111415-854-7852NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUEFor Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general publicCITY OF REDWOOD CITYMonique Spyke, Managing DirectorJustin Resuello, Institutional Sales & Relationship ManagerAllison Kaune, Institutional Sales & Relationship Manager Joseph Creason, Portfolio Manager7.A. - Page 5 of 6315