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,11 CHANDLER <br />ASSET <br />MANAGEMENT <br />CIR <br />City of San Leandro <br />December 31, 2013 <br />Assets managed by ChandlerAsset Management are in full compliance lath State lawand with 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% maximum; 30% per issuer; A -rated; <br />180 -day max. maturity <br />Complies <br />Commercial Paper <br />25% maximum; 10% per issuer; 270 -day <br />max. maturity; Al /P 1 -rated <br />Complies <br />Negotiable Certificates of Deposit <br />30% maximum; FDIC Insured or <br />Collateralized 110% <br />Complies <br />Medium Terms Notes <br />30% maximum; A -rated <br />Complies <br />Money Market Funds <br />AAA/Aaa rated or SEC registered adviser, <br />assets greater than $500MM; 20% maximum <br />Complies <br />Repurchase Agreements <br />20% maximum; 360 -day max. maturity <br />Complies <br />Reverse Repurchase Agreements <br />20% maximum; 92 -day max. maturity <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 />