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Page 4 of 5 <br /> <br /> <br />The Capital Growth portfolio balance was $29.7 million at the end of December 31, 2023, an <br />increase of $2.67 million from the prior quarter. The Capital Growth portfolio quarterly <br />investment return was 9.97 percent, and the inception-to-date annualized return was 9.12 <br />percent. <br /> <br />The two portfolios total $48.6 million, which are held by a third party for the benefit of the City <br />of Pleasanton at US Bank. US Bank is the contractual agent for PARS trust investments that <br />are managed by Highmark Capital Management. <br /> <br />EQUITY AND SUSTAINABILITY <br />Not applicable, as this item is a routine administrative matter of City business. <br /> <br />OUTREACH <br />No outreach was conducted, as this item is a routine administrative matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Not applicable, as this item is a routine administrative matter of City business. <br /> <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br /> <br /> <br /> <br />Page 160 of 228