Santa Clara Valley Transportation Authority (VTA) Board of Directors

Santa Clara Valley Transportation Authority Retirees’ OTHER POST EMPLOYMENT BENEFITS COMMITTEE Tuesday, April 7, 2026 Other Post Employment Benefits Committee (OPEB) Begins at the conclusion of the 11:00 AM Board of Pensions Investment Committee VTA Conference Room B-104 Santa Clara Valley Transportation Authority 3331 North First Street San Jose, California 3331 North First S treet ∙ San Jose, CA 95134 - 1927 ∙ Administration 408.321.5555 ∙ Customer Service 408.321.2300 AGENDA 1.   CALL TO ORDER/ROLL CALL 2.   ORDERS OF THE DAY 3.   PUBLIC PRESENTATIONS:   This portion of the agenda is reserved for persons desiring to address the Committee on any matter not on the agenda. Speakers are limited to 2 minutes.   All statements that require a response will be referred to staff for reply in writing. CONSENT AGENDA 4.   APPROVE   – Meeting minutes of March 3, 2026 . REGULAR AGENDA 5.   RECEIVE   – Preliminary Performance Report ending   February 28 , 2026 . (Meketa) 6.   DISCUSS –   Public Credit investment manager search.   (Meketa) 7.   ANNOUNCEMENTS & COMMUNICATIONS 8.   ADJOURN

Santa Clara Valley Transportation Authority OPEB Committee   April 7, 2026 Page 2 NOTE COMMITTEE MEMBERS:   In order to establish whether or not a quorum exists for this meeting, members are asked to call   Alicia Cárdenas in the Finance & Administration   Department at (408) 952 -4117 before 4:3 0 p.m. on the day prior to the meeting. Thank you for your cooperation. All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the   Investment Committee   less than 72 hours prior to the meeting will be available for public   inspection at 3331 North First Street, San Jose, CA at the same time that the public records are distributed or made available to the Investment Committee. In   compliance   with   the   Americans   with   Disabilities   Act   (ADA),   those   requiring accommodations or accessible media for this meeting should notify Alicia Cárdenas in the Finance & Administration   Department 48 hours prior to the meeting at (408) 952 - 4117 .

Santa Clara Valley Transportation Authority Retirees’ OTHER POST EMPLOYMENT BENEFITS COMMITTEE Tuesday, March 3, 2026 Other Post Employment Benefits Committee (OPEB) Begins at the conclusion of the 11:00 AM Board of Pensions Investment Committee VTA Conference Room B104 Santra Clara Valley Transportation Authority 3331 North First Street San Jose, California OPEB Committee   Page 1 of 2   March 3, 2026 Summary Minutes SUMMARY MINUTES 1.   CALL TO ORDER / ROLL CALL The Santa Clara Valley Transportation Authority Retirees’ Other Post Employment Benefits Committee (OPEB) meeting was called to order at 11:24 a.m. by Chairperson Smith. ROLL CALL: Members Present:   Michael Smith, Grace Ragni, Michael Malchenko Members Absent : Tatiana Starostina, Jenny Le-Christensen A quorum was present. 2.   ORDERS OF THE DAY M/S/C   No changes. 3.   PUBLIC PRESENTATIONS:   This portion of the agenda is reserved for persons desiring to address the Committee on any matter, not on the agenda. Speakers are limited to 2 minutes . All Statements that require a response will be referred to staff for reply in writing. There were no Public Presentations. Item 4

OPEB Committee   Page 2 of 2   March 3, 2026 Summary Minutes CONSENT AGENDA 4.   APPROVE –   Minutes of March 3, 2026. REGULAR AGENDA 5.   RECEIVE   – Quarterly Performance Report ending December 31, 2026 (Meketa) David Sancewich from Meketa Investment Group reviewed the final quarterly performance report ended December 31, 2025. She commented that the Trust had $464.5 million in assets and that the asset allocation was in compliance with the investment policy statement. Mr. Sancewich reviewed the overall performance and commented that returns were strong both on an absolute basis and risk adjusted basis having review several pages outlining analytics

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This meeting covers: Santa Clara Valley Transportation Authority (VTA) Board of Directors.