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Home My WebLink About2025-Q3 Investment PortfolioOverview of portfolio 2 Portfolio detail 3 Maturities and outlook 4 Portfolio performance against benchmarks 5 Cash and investments by fund 6 PDPC report 7 Most recent report (08/31/2025) Investment emerging issues Today's Agenda by Sean Yi, Senior Finance Analyst Finance Department Investment Activity Report Quarter Ended September 30th, 2025 Presented to the Investment Advisory Committee Overview of Main Portfolio Blended1 Core2 60 60 9 27 Blended1 Core2 3.83% 3.94% 1 Blended = Liquid (Cash+LGIP) plus Core Portfolio 2 Core = Main investments of the city defined maturities (fire pension is excluded) Current % Blended Allowed by policy Current Portfolio (principal value) 22%N/A $ 107,196,643 16%100%77,239,337 44%75%217,137,654 14%75%70,550,722 4%75%21,404,731 0%25%- CORE PORTFOLIO INVESTMENTS 100%493,529,087 Fire Pension Portfolio - TOTAL CASH AND INVESTMENTS 493,529,087$ *Excluding cash, the portfolio distribution is 56.2% LGIP, 20% US Treasury, 18.3% Agency Securities and 5.5% CDs 0.199929718 By Institution Current % Blended Allowed by policy Current Portfolio (principal value)Maturity Date APY Weighted Yield Blended Current Principal Balance Cash US Bank - Cash 22%N/A 107,196,643 Overnight 2.75%0.60%107,196,643$ US Treasury Securities* 421259A TREASURY 9,746,094 11/30/2025 1.01% 0.02% 425269A TREASURY 4,918,555 1/31/2026 4.23% 0.04% 424269A TREASURY 5,064,325 7/31/2026 3.64% 0.04% 324269A TREASURY 4,715,039 11/30/2026 4.17% 0.04% 424279A TREASURY 4,969,922 1/15/2027 4.22% 0.04% 424279B TREASURY 4,763,281 2/28/2027 4.13%0.04% 423279A TREASURY 4,891,016 6/30/2027 3.83% 0.04% 424289B TREASURY 4,509,961 1/31/2028 4.11%0.04% 423289A TREASURY 4,445,313 3/31/2028 3.77% 0.03% 423289B TREASURY 4,482,700 4/30/2028 3.85% 0.03% 423289C TREASURY 4,950,084 8/15/2028 3.86% 0.04% 425289A TREASURY 4,976,016 9/30/2028 4.42% 0.04% 424289A TREASURY 5,047,656 12/31/2028 3.51% 0.04% 324299E TREASURY 4,960,938 10/31/2029 4.18%0.04% 425309A TREASURY 4,798,438 3/31/2030 4.50%0.04%Local Government Investment Pool 3920 State Investment Pool 44% 75% 217,137,654 10/1/2025 4.29% 1.89%217,137,654 FHLB 5,018,200 3/13/2026 3.99%0.04%FHLB 5,044,875 12/10/2027 4.05%0.04%FHLB 2,062,040 3/10/2028 3.79%0.02% FHLB 4,995,350 6/9/2028 4.02%0.04% 321259A FHLB 5,015,200 2/15/2029 4.10%0.05% 323269A FHLB 5,018,520 6/8/2029 4.54%0.05% 322269B FNMA 4,722,663 4/24/2026 3.90%0.04% 322269A FNMA 4,672,300 9/24/2026 3.54%0.04% 323269B FNMA 4,390,625 10/8/2027 4.70%0.05% 324279B FNMA 4,191,075 11/15/2027 3.85%0.04% 323279B FNMA 5,386,082 5/15/2029 4.50%0.05% 323289A FFCB 4,986,918 10/22/2026 3.96%0.04% FFCB 5,000,000 5/6/2027 4.75%0.05% FFCB 4,975,050 7/14/2027 4.00%0.04% 323289B FFCB 5,071,825 12/20/2029 3.57%0.04%Certificates of Deposit 124274A Global Federal Credit Union 5,853,567 8/16/2027 4.65%0.06% 123284A Global Federal Credit Union 5,551,164 11/1/2028 4.50%0.05% 124294A Global Federal Credit Union 10,000,000 8/8/2029 4.30%0.09% Fire Pension Portfolio None - - Commercial Paper None - - 493,529,087$ 493,529,087$ 21,404,731 77,239,337 Current September 30, 2025 Weighted Average Maturity excluding fire pension Duration allowed by policy Current Duration (in months) Weighted Average Yield excluding fire pension Commercial Paper 100% By Type Cash US Treasury Securities Local Government Investment Pool US Federal Agency Securities (GSE) Certificates of Deposit 27,154,185 4% 50% 20,033,793 23,362,745 5% 50% 15% TOTAL CASH & INVESTMENTS *Held in our safekeeping account at Principal Financial 6% 50% 4% 20% Cash 22% US Treasury 16% LGIP 44% GSE's 14% CD's 4% Distribution by Type 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% RENTON CORE RENTON BLENDED SIP FED FUNDS RATE 2Y TREAS 3.94%3.83%4.29%4.22% 3.57% How do we compare? (see performance measures) City of Renton Investment Report Q3 2025 Page 2 City of Renton Investment Portfolio Liquid Portfolio Inv # Institution Instrument Settlement Date Maturity Date Effective Rate Weighted Yield Weighted Average # Days Principal CASH US Bank CASH 9/30/2025 10/1/2025 2.75% 0.0091 0.3 107,196,643$ 3920 State Investment Pool LGIP 9/30/2025 10/1/2025 4.29% 0.0287 0.7 217,137,654 TOTALS 3.78% 1 324,334,297$ WAY days (Princ/Total)xYTM (Princ/Total)xDays to Maturity Core Portfolio (Cost/Total)xCoupon (Cost/Total)xDays Inv # Institution Instrument Settlement Date Maturity Date YTM/APY Weighted Yield Weighted Average # Days Cost Amount 421259A TREASURY US TREASURY 10/27/2021 11/30/2025 1.01% 0.0006 4 9,746,094 425269A TREASURY US TREASURY 1/13/2025 1/31/2026 4.23% 0.0012 4 4,918,555 323269A FHLB AGENCY 3/28/2023 3/13/2026 3.99% 0.0012 5 5,018,200 322269B FNMA AGENCY 12/15/2022 4/24/2026 3.90% 0.0011 6 4,722,663 424269A TREASURY US TREASURY 10/2/2024 7/31/2026 3.64% 0.0011 9 5,064,325 322269A FNMA AGENCY 6/15/2022 9/24/2026 3.54% 0.0010 10 4,672,300 323269B FFCB AGENCY 5/22/2023 10/22/2026 3.96% 0.0012 11 4,986,918 324269A TREASURY US TREASURY 11/8/2024 11/30/2026 4.17% 0.0012 12 4,715,039 424279A TREASURY US TREASURY 2/9/2024 1/15/2027 4.22% 0.0012 14 4,969,922 424279B TREASURY US TREASURY 12/11/2024 2/28/2027 4.13% 0.0012 15 4,763,281 324279A FFCB AGENCY 5/24/2024 5/6/2027 4.75% 0.0014 17 5,000,000 423279A TREASURY US TREASURY 5/23/2023 6/30/2027 3.83% 0.0011 18 4,891,016 323279A FFCB AGENCY 2/10/2023 7/14/2027 4.00% 0.0012 19 4,975,050 124274A Global Federal Credit Union CD 8/16/2024 8/16/2027 4.65% 0.0016 24 5,853,567 324279B FNMA AGENCY 5/24/2024 10/8/2027 4.70% 0.0012 19 4,390,625 323279B FNMA AGENCY 3/28/2023 11/15/2027 3.85% 0.0010 19 4,191,075 322279A FHLB AGENCY 11/23/2022 12/10/2027 4.05% 0.0012 24 5,044,875 424289B TREASURY US TREASURY 12/11/2024 1/31/2028 4.11% 0.0011 23 4,509,961 323289A FHLB AGENCY 5/22/2023 3/10/2028 3.79% 0.0005 11 2,062,040 423289A TREASURY US TREASURY 5/23/2023 3/31/2028 3.77% 0.0010 24 4,445,313 423289B TREASURY US TREASURY 12/21/2023 4/30/2028 3.85% 0.0010 25 4,482,700 323289B FHLB AGENCY 6/21/2023 6/9/2028 4.02% 0.0012 29 4,995,350 423289C TREASURY US TREASURY 12/21/2023 8/15/2028 3.86% 0.0011 31 4,950,084 425289A TREASURY US TREASURY 1/13/2025 9/30/2028 4.42% 0.0013 32 4,976,016 123284A Global Federal Credit Union CD 11/2/2023 11/1/2028 4.50% 0.0015 37 5,551,164 424289A TREASURY US TREASURY 10/2/2024 12/31/2028 3.51% 0.0010 35 5,047,656 324299A FHLB AGENCY 2/15/2024 2/15/2029 4.10% 0.0012 37 5,015,200 324299C FNMA AGENCY 5/24/2024 5/15/2029 4.50% 0.0014 42 5,386,082 324299B FHLB AGENCY 5/24/2024 6/8/2029 4.54% 0.0013 40 5,018,520 124294A Global Federal Credit Union CD 8/8/2024 8/8/2029 4.30% 0.0025 83 10,000,000 324299E TREASURY US TREASURY 11/8/2024 10/31/2029 4.18% 0.0012 44 4,960,938 324299D FFCB AGENCY 10/2/2024 12/20/2029 3.57% 0.0011 46 5,071,825 425309A TREASURY US TREASURY 1/13/2025 3/31/2030 4.50% 0.0013 47 4,798,438 Maturing/Callable in next quarter Core Portfolio 3.94% 2.26 169,194,790$ WAY years MV/(TotalxYTM) MV/(TotalxDays to Mat)/360 Total Overnight + Main Portfolio 3.83% 0.78 493,529,087$ WAY years MV/(TotalxYTM) MV/(TotalxDays to Mat)/360 Interest from State Investment Pool allocated to funds based on cash position, monthly. Earnings credit on cash recorded to funds based on cash position, annually. City of Renton Investment Report Q3 2025 Page 3 Maturities and Outlook Outlook: Core Portfolio Pending Maturities 0-6 months 6-12 months 1-2 years 2-3 years 3-5 years Total 19,682,848$ 14,459,288$ 40,154,792$ 39,072,023$ 55,825,839$ 169,194,790$ 1.32% 3.69% 4.21% 4.00% 4.21% Average YTM $19,682,848 $14,459,288 $40,154,792 $39,072,023 $55,825,839 $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 0-6 months 6-12 months 1-2 years 2-3 years 3-5 years Pending Maturities (excluding overnight and pension portfolio) City of Renton Investment Report Q3 2025 Page 4 Portfolio Performance Against Benchmarks 5 year trend (blended) Period Renton CORE Renton BLENDED SIP Fed Funds Rate 2Y TREAS September 2020 1.48% 0.62%0.21%0.09% 0.13% December 2020 1.30% 0.53%0.16%0.09% 0.14% March 2021 0.88% 0.41%0.11%0.07% 0.15% June 2021 0.88% 0.41%0.08%0.08% 0.20% September 2021 0.84% 0.39%0.09%0.08% 0.24% December 2021 0.84% 0.35%0.09%0.08% 0.68% March 2022 0.94% 0.45%0.23%0.20% 1.91% June 2022 1.16% 0.85%1.01%1.21% 3.00% September 2022 1.37% 1.60%2.56%2.56% 3.86% December 2022 1.56% 2.33%4.12%4.10% 4.29% March 2023 1.91% 3.29%4.77%4.65% 4.30% June 2023 2.31% 3.56%5.20%5.08% 4.64% September 2023 2.45% 3.67%5.39%5.33% 5.02% December 2023 2.72% 3.92%5.43%5.33%4.46% March 2024 2.96% 4.28%5.41%5.33%4.59% June 2024 3.17%4.31%5.40%5.33%4.74% September 2024 3.27%4.24%5.23%5.13%3.62% December 2024 3.43%3.89%4.60%4.48%4.23% March 2025 3.50%3.85%4.40%4.33%3.97% June 2025 3.94%3.89%4.29%4.33%3.89% September 2025 3.94%3.83%4.29%4.22% 3.57% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Renton CORE Renton BLENDED SIP Fed Funds Rate 2 Year Treasury Linear (Renton CORE) City of Renton Investment Report Q3 2025 Page 5 Cash Investments by Fund (year over year comparison) Fund Name Cash Investments Total C & I Cash Investments Total C & I % chg GENERAL 140,048,860$ -$ 140,048,860$ 117,453,140$ -$ 117,453,140$ 19% PARKS AND RECREATION 3,475,689 - 3,475,689 1,500,175 - 1,500,175 132% STREETS 2,413,058 - 2,413,058 4,151,418 - 4,151,418 -42% MUSEUM 11,241 - 11,241 91,999 - 91,999 -88% ECONOMIC DEVELOPMENT RESERVE 2,864,890 - 2,864,890 2,767,999 - 2,767,999 4% LEASED CITY PROPERTIES 330,067 - 330,067 231,124 - 231,124 43% SPECIAL HOTEL-MOTEL TAX 1,224,460 - 1,224,460 1,153,690 - 1,153,690 6% ONE PERCENT FOR ART 106,156 - 106,156 49,418 - 49,418 115% CABLE COMM DEV FUND 335,478 - 335,478 369,680 - 369,680 -9% HOUSING AND SUPPORTIVE SERVICES 18,428,708 - 18,428,708 14,341,533 - 14,341,533 28% SPRINGBROOK WETLANDS BANK 730,052 - 730,052 723,269 - 723,269 1% POLICE SEIZURE 775,299 - 775,299 821,352 - 821,352 -6% POLICE SEIZURE CSAM 134,935 - 134,935 134,247 - 134,247 1% AFFORDABLE HOUSING DEVELOPMENT 299,673 - 299,673 - - - 0% GEN GOVT MISC DEBT SERV 5,294,661 - 5,294,661 4,872,258 - 4,872,258 9% COMMUNITY DEVELOP IMPACT MITIG 556,164 - 556,164 794,632 - 794,632 -30% FIRE IMPACT MITIGATION 10,801 - 10,801 6,230 - 6,230 73% TRANSPORTATION IMPACT MITIGATION 14,878,090 - 14,878,090 3,301,653 - 3,301,653 351% REET 1 6,915,825 - 6,915,825 4,441,377 - 4,441,377 56% REET 2 4,101,788 - 4,101,788 5,857,455 - 5,857,455 -30% RENTON SD IMPACT MITIGATION 52,547 - 52,547 6,501 - 6,501 708% ISSAQUAH SD IMPACT MITIGATION 4,744 - 4,744 93,057 - 93,057 -95% MUNICIPAL FACILITIES CIP FUND 24,158,399 - 24,158,399 18,806,371 - 18,806,371 28% CAPITAL IMPROVEMENT FUND 14,673,628 - 14,673,628 13,157,370 - 13,157,370 12% FAMILY FIRST CENTER 4,006,922 - 4,006,922 3,888,256 - 3,888,256 3% General funds 245,832,133 - 245,832,133 199,014,205 - 199,014,205 24% AIRPORT 9,719,811 - 9,719,811 7,627,750 - 7,627,750 27% AIRPORT CAPITAL IMPROVEMENT FUND 3,470,166 - 3,470,166 5,438,093 - 5,438,093 -36% Airport funds 13,189,977 - 13,189,977 13,065,844 - 13,065,844 1% MUNICIPAL GOLF COURSE SYSTEM FUND 2,695,631 - 2,695,631 2,663,228 - 2,663,228 1% MUNICIPAL GOLF COURSE SYSTEM CIP FUND 551,664 - 551,664 446,077 - 446,077 24% Golf course funds 3,247,295 - 3,247,295 3,109,305 - 3,109,305 4% SOLID WASTE UTILITY 5,131,856 - 5,131,856 5,720,495 - 5,720,495 -10% WATER OPERATIONS FUND 22,975,935 - 22,975,935 20,413,501 - 20,413,501 13% WASTEWATER OPERATIONS FUND 11,838,661 - 11,838,661 11,641,373 - 11,641,373 2% SURFACE WATER OPERATIONS FUND 17,004,369 - 17,004,369 18,451,279 - 18,451,279 -8% KING COUNTY METRO MITIGATION 8,145,438 - 8,145,438 7,503,881 - 7,503,881 9% WATER CIP FUND 34,547,648 - 34,547,648 36,935,591 - 36,935,591 -6% WASTEWATER CIP FUND 16,916,604 - 16,916,604 16,718,372 - 16,718,372 1% SURFACE WATER CIP FUND 13,377,120 - 13,377,120 7,658,530 - 7,658,530 75% WATER WORKS RATE STABLIZATION 18,800 - 18,800 18,164 - 18,164 4% Utility funds 129,956,431 - 129,956,431 125,061,185 - 125,061,185 4% EQUIPMENT RENTAL 19,637,693 - 19,637,693 19,511,189 - 19,511,189 1% INFORMATION SERVICES 10,225,987 - 10,225,987 9,031,096 - 9,031,096 13% FACILITIES 2,429,186 - 2,429,186 1,637,538 - 1,637,538 48% COMMUNCIATIONS - - - 764,794 - 764,794 -100% INSURANCE FUND 24,804,980 - 24,804,980 24,868,971 - 24,868,971 0% HEALTH INSURANCE FUND 10,849,312 - 10,849,312 10,471,374 - 10,471,374 4% LEOFF1 RETIREES HEALTHCARE 20,582,853 - 20,582,853 20,636,189 - 20,636,189 0% FIREMEN'S PENSION 10,454,173 - 10,454,173 8,856,603 429,684 9,286,287 13% SPECIAL DEPOSITS 840,036 - 840,036 1,433,834 - 1,433,834 -41% Stand alone funds 99,824,220 - 99,824,220 97,211,588 429,684 97,641,272 2% CUSTODIAL FUND 1,195,434 - 1,195,434 650,260 - 650,260 84% PAYROLL CLEARING ACCOUNT 283,597 - 283,597 229,955 - 229,955 23% SURPLUS BANK BALANCE (386,332,444) 386,332,444 - (378,257,536) 378,257,536 - 0% Accounting only funds (384,853,413) 386,332,444 1,479,031 (377,377,320) 378,257,536 880,216 Grand Total: 107,196,643$ 386,332,444$ 493,529,087$ 60,084,807$ 378,687,220$ 438,772,027$ 12% % chg US Treasury 77,239,337$ 20%US Treasury 43,207,394$ 11%79% SIP 217,137,654 56% SIP 217,590,739 58%0% GSE's 70,550,722 18% GSE's 90,431,276 24% -22% CD's 21,404,731 6% CD's 27,028,128 7%-21% Total 386,332,444$ 78% Total 378,257,536$ 86% 2% (of total) (of total) (2025 v 2024) September 30, 2025 Fund 901 Summary Fund 901 Summary September 30, 2024 City of Renton Investment Report Q3 2025 Page 6 Public Deposit Protection Commission (PDPC) Report Global Federal Credit Union 214,928,933 40,145,662 19%21,404,731 9.96%-10.9% (5,623,396.93) Total 21,404,731$ Total (5,623,397)$ First Financial Northwest Bank* 155,683,269 - 0%0.00%-54.9% (27,028,128)Global Federal Credit Union* 238,156,018 70,497,234 30%27,028,128 11.35%29.6% $ 27,028,128 *On April 12, 2025, Global Federal Credit Union acquired First Financial Northwest Bank Total 97,578,850$ Total -$ First Financial Northwest Bank 155,602,287 85,495,727 55%27,028,128 17.37%1.4% - Total 27,028,128$ Total -$ First Financial Northwest Bank 153,809,552 82,366,439 54%27,028,128 17.57%2.3% - Total 27,028,128$ Total -$ First Financial Northwest Bank 153,896,487 78,939,469 51%27,028,128 17.56%-7.7% 10,261,846 Total 27,028,128$ Total 10,261,846$ First Financial Northwest Bank 151,767,933 89,435,606 59%16,766,281 11.05%2.7% - Total 16,766,281$ Total -$ First Financial Northwest Bank 152,263,681 85,762,875 56%16,766,281 11.24%-0.9% - Total 16,766,281$ Total -$ First Financial Northwest Bank 149,203,757 85,356,316 57%16,766,281 11.24%2.4% 83,105 Total 16,766,281$ Total 83,105$ First Financial Northwest Bank 148,370,627 76,088,118 51%16,683,176 11.24%-3.6% - Total 16,683,176$ Total -$ First Financial Northwest Bank 149,068,764 81,774,740 55%16,683,176 11.19%2.9% - Total 16,683,176$ Total -$ First Financial Northwest Bank 150,370,315 78,200,502 52%16,683,176 11.09%12.5% - Total 16,683,176$ Total -$ PDPC Report March 2025 through May 2025 updated through June 13, 2025 CHANGE since last report Depository WA Proportional Net Worth 03/31/2025 Total WA Deposits 05/31/2025 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report December 2024 through February 2025 updated through March 14, 2025 CHANGE since last report Depository WA Proportional Net Worth 12/31/2024 Total WA Deposits 2/28/2025 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report June 2024 through August 2024 updated through September 16, 2024 CHANGE since last report Depository WA Proportional Net Worth 6/30/2024 Total WA Deposits 8/31/2024 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report January 2024 through March 2024 updated through May 8, 2024 CHANGE since last report Depository WA Proportional Net Worth 12/31/2023 Total WA Deposits 12/31/2023 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report September 2023 through November 2023 updated through December 18, 2023 CHANGE since last report Depository WA Proportional Net Worth 9/30/2023 Total WA Deposits 11/30/2023 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report June 2023 through August 2023 updated through September 18, 2023 CHANGE since last report Depository WA Proportional Net Worth 6/30/2023 Total WA Deposits 8/31/2023 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report September 2024 through November 2024 updated through December 16, 2024 CHANGE since last report Depository WA Proportional Net Worth 9/30/2024 Total WA Deposits 11/30/2024 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report December 2022 through February 2023 updated through March 20, 2023 CHANGE since last report Depository WA Proportional Net Worth 12/31/2022 Total WA Deposits 2/28/2023 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report March 2023 through May 2023 updated through June 14, 2023 CHANGE since last report Depository WA Proportional Net Worth 3/31/2023 Total WA Deposits 5/31/2023 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report March 2024 through May 2024 updated through June 14, 2024 CHANGE since last report Depository WA Proportional Net Worth 3/31/2024 Total WA Deposits 05/31/2024 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits PDPC Report June 2025 through August 2025 updated through September 15, 2025 CHANGE since last report Depository WA Proportional Net Worth 06/30/2025 Total WA Deposits 08/31/2025 % public (PDPC limit 150%) City of Renton Deposits % of net worth (PDPC limit 100%) % public City of Renton Deposits City of Renton Investment Report Q3 2025 Page 7