MDTA Finance and Administration Meeting Materials

10

Total Return Performance – Matched Funding & Total Return

Total Return as of Period Ended 3/31/2025

Ending

Trailing Period

1 Month 3 Months

6 Months 12 Months

Market Value

Combined Accounts Weighted Average

0.39% 1.46% 1.78% 5.45% 1,046,583,043 $

MATCHED FUNDING Capital

0.35% 1.02% 2.22% 5.09% 0.36% 1.03% 2.26% 5.08% 0.45% 2.13% 1.07% 5.57% 0.47% 2.27% 1.00% 5.42%

$ $

570,799,659 67,575,982

Bond Service

TOTAL RETURN

Reserves General / M&O

$

408,207,402

Composite Agency / STRIPS Index

 Shorter Term Matched Funded accounts for Capital/Construction & Bond Service continue to benefit from higher short- term interest rates.  Longer Duration Reserves – interest rate volatility results in market value changes that drive total returns higher or lower than prevailing market yields.  Falling interest rates drove mark- to-market price increases.  Note: Table provides weighted returns for the combined M&O / General accounts & the respective indices. Graph shows individual portfolio total returns.

Trailing Period Total Returns

-1.00% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%

1 Month

3 Months

6 Months

12 Months

General

Agency Index M&O STRIPS Index

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