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Page 6 of 7 <br /> <br />The Capital Growth portfolio balance was $38.4 million at the end of December 31, 2025, an <br />increase of $0.9 million from the prior quarter. The Capital Growth portfolio quarterly <br />investment return was 2.33 percent, and the five-year annualized return was 7.90 percent. <br /> <br />The two portfolios total $60.0 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 PFM Asset Management (formerly 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. <br /> <br /> <br />Page 13 of 144