Reso 2025-133 OPEB & Pension Trust Report

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QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2025 Multi-Asset Class Management Index or Average Name QTD YTD One Year Three Year Five Year Seven Year Ten Year DOMESTIC EQUITY S&P 500 (TR)10.94% 6.20% 15.16% 19.69% 16.63% 14.38% 13.63% Russell 3000 10.99% 5.75% 15.30% 19.06% 15.95% 13.54% 12.95% Russell 1000 Growth 17.84% 6.09% 17.22% 25.73% 18.13% 17.88% 17.00% Russell 1000 11.11% 6.12% 15.66% 19.57% 16.29% 14.08% 13.34% Russell 1000 Value 3.79% 6.00% 13.70% 12.75% 13.92% 9.58% 9.18% Russell Midcap 8.53% 4.84% 15.21% 14.32% 13.10% 10.02% 9.88% Russell Midcap Growth 18.20% 9.79% 26.49% 21.44% 12.65% 12.72% 12.11% Russell Midcap Value 5.35% 3.12% 11.53% 11.33% 13.70% 8.21% 8.39% Russell 2000 Growth 11.97% -0.48% 9.73% 12.37% 7.41% 5.68% 7.13% Russell 2000 8.50% -1.79% 7.68% 9.99% 10.03% 5.51% 7.12% Russell 2000 Value 4.97% -3.16% 5.54% 7.45% 12.46% 4.84% 6.71% INTERNATIONAL EQUITY MSCI EAFE 11.78% 19.45% 17.73% 15.95% 11.15% 7.20% 6.50% MSCI AC World 11.53% 10.05% 16.17% 17.33% 13.64% 10.77% 9.99% MSCI AC World ex USA 12.03% 17.90% 17.72% 13.98% 10.12% 6.57% 6.12% MSCI AC World ex USA Small Cap 16.93% 17.68% 18.34% 13.45% 10.74% 5.94% 6.54% MSCI EM (Emerging Markets)11.99% 15.27% 15.29% 9.69% 6.80% 4.48% 4.81% ALTERNATIVES FTSE Nareit / Equity REITs - INV -1.16% -0.25% 8.60% 5.34% 8.62% 5.58% 6.32% MSCI US REIT Index -1.46% -0.71% 7.62% 4.08% 7.37% 4.35% 5.03% MSCI World Core Infrastructure 5.45% 13.44% 21.38% 6.78% 8.08% 7.25% 7.46% Bloomberg Commodity Index -3.08% 5.53% 5.77% 0.13% 12.67% 4.91% 1.98% FIXED INCOME Bloomberg US Aggregate 1.21% 4.02% 6.08% 2.55% -0.73% 1.77% 1.76% Bloomberg US Government/Credit 1.22% 3.95% 5.89% 2.60% -0.83% 1.96% 1.92% Bloomberg US Intermediate Government/Credit 1.67% 4.13% 6.74% 3.57% 0.63% 2.42% 2.04% Bloomberg US Treasury (1-3 Y)1.20% 2.84% 5.72% 3.43% 1.33% 2.10% 1.59% ICE BofA US High Yield 3.57% 4.55% 10.24% 9.84% 6.00% 5.18% 5.29% Bloomberg Global Aggregate 4.52% 7.27% 8.91% 2.74% -1.16% 0.57% 1.17% CASH EQUIVALENT Bloomberg 3 Month T-Bill 1.05% 2.10% 4.73% 4.64% 2.81% 2.58% 2.01% Source: Investment Metrics. Returns are expressed as percentages. Please refer to the last page of this document for important disclosures relating to this material. 2.1 Resolution No. 2025-133 Exhibit A Page 4 of 26