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Source: ICE BofA Indices. ABS Indices are 0-5 year, based on weighted average life. As of December 31, 2025. <br />1.12%1.08%1.14%1.19%1.26% <br />0% <br />2% <br />4% <br />6% <br />8% <br />U. <br />S <br />. <br /> <br />T <br />r <br />e <br />a <br />s <br />u <br />r <br />y <br />Ag <br />e <br />n <br />c <br />y <br />AB <br />S <br />Co <br />r <br />p <br /> <br />A <br />- <br />A <br />A <br />A <br />Co <br />r <br />p <br /> <br />B <br />B <br />B <br />Fourth Quarter 2025 Returns <br />5.74% <br />5.37%5.33% <br />6.31% <br />7.05% <br />0% <br />2% <br />4% <br />6% <br />8% <br />U. <br />S <br />. <br /> <br />T <br />r <br />e <br />a <br />s <br />u <br />r <br />y <br />Ag <br />e <br />n <br />c <br />y <br />AB <br />S <br />Co <br />r <br />p <br /> <br />A <br />- <br />A <br />A <br />A <br />Co <br />r <br />p <br /> <br />B <br />B <br />B <br />1-Year Return <br />1-5 Year Indices <br />Fixed-Income Index Total Returns in 4Q 2025 <br />City of San Leandro <br />For the Quarter Ended December 31, 2025 <br />Market Update <br />PFM Asset Management | pfmam.com 14 <br />Exhibit A <br />Resolution No. 2026-060