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CA% CHANDLER <br /> ASSET <br /> MANAGEMENT <br /> . <br /> COMPLIANCE'WITH INVESTMENT POLICY <br /> City of San Leandro <br /> June 30, 2010 <br /> Assets managed by Chandler Asset Management are in lull compliance with State law and with the City's investment policy. <br /> Category Standard Comment <br /> • <br /> Treasury Issues No limitations Complies <br /> Agency Issues No limitations Complies <br /> Banker's Acceptances 40% maximum; 30% per issuer; A- rated; 180- Complies <br /> day max. maturity <br /> Commercial Paper 25% maximum; 10% per issuer; 270 -day Complies <br /> Max. maturity; Al /P1 and AA -rated if LT debt <br /> Negotiable Certificates of Deposit 30% maximum; 10% per issuer; AA -rated Complies <br /> Medium Terms Notes 30% maximum; AA -rated Complies <br /> Money Market Funds AAA/Aaa rated; assets greater than Complies <br /> $500MM; 20% maximum <br /> LAIF Currently not used by adviser Complies <br /> Maximum Maturity 5 years Complies <br /> City of San Leandro <br /> • <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 /> • <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 Califomia Government Code Section 53600 et seq. <br />