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File Number: 23-275 <br />asset allocations for both the OPEB Trust and the Pension Trust for the quarter ended March <br />31, 2023, comport with the investment policies. <br />Assets in the OPEB Trust portfolio increased from $18,900,000 in the prior quarter to <br />$19,600,000. Assets in the Pension Trust were $13,800,000, representing initial contributions <br />from the City and the ACFD transfer; it is now at $14,400,000. Investment fluctuations are <br />expected due to changing market conditions. <br />Investment returns are as follows. Please refer to the attached investment report for details. <br />Trust 1 Year 3 Years 5 Years 10 Years Inception to Date <br />OPEB -5.30%4.44%3.16%3.81%5.16% <br />Pension -4.90%N/A N/A N/A -6.29% <br />REVIEW BY FINANCE COMMITTEE <br />The City Council Finance Committee reviewed the City Section 115 Other Post-Employment <br />Benefits (OPEB) and Pension Trust Investment Report for the quarter ended March 31, 2023, <br />on May 24, 2023. The Finance Committee unanimously recommended the report be moved <br />to the City Council. <br />ATTACHMENTS <br />·Attachment A - Resolution Accepting Other Post-Employment Benefits (OPEB) and <br />Pension Trust Investment Report <br />·Attachment B - OPEB and Pension Trust Investment Report for Quarter Ended March <br />31, 2023 <br />PREPARED BY <br />T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 6/14/2023