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CHANDLER <br />~~ ~~~ ~~ MA AGEMENT <br />City of San Leandro <br />June 30, 2007 <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy. <br /> <br />-.. <br />Treasu Issues .. <br />No limitations - <br />Com lies <br />A enc Issues No limitations Com lies <br />Banker's Acceptances 40% maximum; 30% per issuer; A-rated; 180-day <br />max. maturit Complies <br />Commercial Paper 15% maximum; 10% per issuer; 270-day max. <br />maturi ; Al/P1 and AA-rated if LT deb) Complies <br />Ne otiable Certificates of De osit 30% maximum; 10% er issuer; AA-rated Com lies <br />Medium Terms Notes 10% maximum AA-rated Com lies <br />Money Market Funds AAA/Aaa rated; assets greater than $500MM; <br />20% maximum Complies <br />LAIF Current) not used b adviser Com lies <br />Maximum Maturi 5 ears Com lies <br />City of San Leandro <br />The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of return <br />commensurate with the City's investment risk constraints and cash flow needs. <br />Investment Report <br />Performance Objectives <br />The performance objective for the City of San Leandro is to attain a rate of return greater than the benchmark of 1-3 year <br />Treasury securities over a market cycle. <br />Strategy <br />In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency securities, <br />high quality money market instruments and high quality corporate medium term notes in accordance with the City's <br />investment policy and California Government Code Section 53600 et seq. <br />