MDTA Finance and Administration Committee Meeting Materials

17

Total Return Performance – Matched Funding & Total Return

Total Return as of Period Ended 6/30/2025

Ending

Trailing Period

1 Month 3 Months

6 Months 12 Months

Market Value

Combined Accounts Weighted Average

0.58% 1.20% 2.68% 5.48% 1,040,434,186 $

MATCHED FUNDING Capital

0.35% 1.03% 2.06% 4.73% 0.36% 1.08% 2.12% 4.75% 0.93% 1.45% 3.61% 6.35% 0.84% 1.37% 3.67% 6.12%

$ $

527,013,070 104,620,308

Bond Service

TOTAL RETURN

Reserves General / M&O

$

408,800,808

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

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00%

1 Month

3 Months

6 Months

12 Months

General

Agency Index M&O STRIPS Index

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