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File Number: 23-461 <br />asset allocations for both the OPEB Trust and the Pension Trust for the quarter ended June <br />30, 2023, comport with the investment policies. <br />Assets in the OPEB Trust portfolio increased from $19,600,000 in the prior quarter to <br />$19,960,000. Assets in the Pension Trust were $14,400,000, representing initial contributions <br />from the City and the ACFD-transfer; and now total $14,850,000. 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 4.83%1.88%3.43%4.13%5.20% <br />Pension 9.06%N/A N/A N/A -3.88% <br />REVIEW BY FINANCE COMMITTEE <br /> <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 June 30, 2023, <br />on September 27, 2023. The Finance Committee unanimously recommended the report be <br />moved to the City Council for acceptance. <br />ATTACHMENTS <br />·Attachment A: Resolution Accepting Other Post-Employment Benefits (OPEB) and <br />Pension Trust Investment Report <br />·Attachment B: Investment Report for the Quarter Ended June 30, 2023 <br />PREPARED BY <br />T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 12/21/2023