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J CHANDLER <br /> l ASSET <br /> MANAGEMENT <br /> cill City of San Leandro <br /> March 31, 2013 <br /> em <br /> Assets managed by ChandlerAsset Management are in full compliance Wth State lawand Wth the <br /> City's investment policy. <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- Complies <br /> day max. maturity <br /> Commercial Paper 25% maximum; 10% per issuer; 270-day Complies <br /> max. maturity; Al/P 1 and AA-rated if LT debt <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 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 /> 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 />