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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 />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 />Strategy <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 />1 <br />Category Standard Comment <br />Treasury Issues No limitations Complies <br />Agency Issues No limitations Complies <br />Banker’s Acceptances 40% maximum; 30% per issuer; A-rated; 180- <br />day max. maturity <br />Complies <br />Commercial Paper 25% maximum; 10% per issuer; 270-day <br />max. maturity; A1/P1 and AA-rated if LT debt <br />Complies <br />Negotiable Certificates of Deposit 30% maximum; 10% per issuer Complies <br />Medium Terms Notes 30% maximum; A-rated Complies <br />Money Market Funds AAA/Aaa rated; assets greater than <br />$500MM; 20% maximum <br />Complies <br />LAIF Currently not used by adviser Complies <br />Maximum Maturity 5 years Complies <br />COMPLIANCE WITH INVESTMENT POLICY <br />City of San Leandro <br />December 31, 2012 <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the <br />City’s investment policy.