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~~~~ ~ AC~H~ANDLER <br />MANAGEMENT <br />City of San Leandro <br />March 31, 2010 <br />Assets managed by Chandler Asset Management are in full compliance with Sfate law and with the City's investment policy. <br />~~.~ ~ ~;~ , ~ ~ r }~ ~< <br /> <br />+ . ~ ~ e ~„ <br />`1t ti, <br />qr ~ ~ ; <br />s. r i <br />Treasury Issues No limitations V Complies <br />Agency Issues No limitations Complies <br />Banker's Acceptances 40% ma~amum; 30% per issuer; A-rated; 180 Complies <br /> da max. maturi <br />Commercial Paper 25% ma~amum; 10% per issuer; 270-day Complies <br /> max. maturi ; Al /P1 and AA-rated if LT debt <br />Negotiable Certificates of Deposit 30% ma~amum; 10% per issuer; AA-rated Complies <br />Medium Terms Notes 30% ma~omum; AA-rated Complies <br />Money Market Funds AAA/Aaa rated; assets greater than Complies <br /> $500MM; 20% ma~amum <br />LAIF Currently not used by adviser Complies <br />Ma~amum Maturity 5 years Complies <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's portfolio managed. by Chandler is to attain a rate of return <br />greater than the benchmark 1-3 Year Treasury/Agency 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 />