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File Number: 24-085 <br />HighMark Capital has prepared the quarterly investment report for the OPEB Trust and Pension <br />Trust for the period ending December 31, 2023, summarizing investment performance. The <br />asset allocations for both the OPEB Trust and the Pension Trust for the quarter ended December <br />follow the investment policies. <br />Assets in the OPEB Trust portfolio increased from $19,373,800 in the prior quarter to <br />$20,949,700. Assets in the Pension Trust began at $17,909,100, and with the additional <br />contribution during the quarter, is now $25,541,100. Investment fluctuations are expected due to <br />rapidly 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 11.06%-0.35%4.94%4.08%5.37% <br />Pension 14.07%N/A N/A N/A -0.63% <br />Committee Review and Actions <br />The City Council Finance Committee reviewed the City Section 115 OPEB Trust and Pension <br />Trust Investment Report for the quarter ended December 31, 2023 on February 28, 2024 and <br />unanimously recommended the report be moved to the City Council for acceptance. <br />ATTACHMENTS <br />·Attachment A: Resolution Accepting Other Post-Employment Benefits (OPEB) and Pension <br />Trust Investment Report <br />·Attachment B: Investment Report for the Quarter Ended December 31, 2023 <br />PREPARED BY <br />T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 3/14/2024