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CHANDLER <br />ASSET <br />G11 I MANAGEMENT <br />City of San Leandro <br />CI <br />June 30, 2011 <br />COMPLIANCE POLICY <br />Assets managed by ChandlerAsset Management are in full compliance 14th State lawand 14th the <br />City's investment policy. <br />Category <br />Standard <br />Comment <br />Treasury Issues <br />No limitations <br />Complies <br />Agency Issues <br />No limitations <br />Complies <br />Banker's Acceptances <br />40% ma)amum; 30% per issuer; A- rated; 180 <br />day max. maturi <br />Complies <br />Commercial Paper <br />25% ma)amum; 10% per issuer; 270 -day <br />max. maturity; Al /P1 and AA -rated if LT debt <br />Complies <br />Negotiable Certificates of Deposit <br />30% ma)amum; 10% per issuer; AA -rated <br />Complies <br />Medium Terms Notes <br />30% ma)amum; AA -rated <br />Complies <br />Money Market Funds <br />AAA /Aaa rated; assets greater than <br />$500MM; 20% maximum <br />Complies <br />LAIF <br />Currently not used by adviser <br />Complies <br />Maximum Maturity <br />5 years <br />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 <br />return commensurate with the City's investment risk constraints and cash flow needs. <br />Investment Report 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 <br />securities, high quality money market instruments and high quality corporate medium term notes in accordance with <br />the City's investment policy and California Government Code Section 53600 et seq. <br />Iv-,", <br />