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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. Furthermore, the City is able to <br />meet its cash obligations during the next six-month period. <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 "A" or higher by one NRSRO; 40% <br />maximum; 30% per issuer; 180-day max <br />maturity <br />Complies <br />Commercial Paper A-1/P-1-rated; 25% maximum; 10% per <br />issuer; 270-day max maturity <br />Complies <br />Negotiable Certificates of Deposit <br />(including CDARS) <br />30% maximum; FDIC Insured or <br />Collateralized 110% <br />Complies <br />Medium Term Notes "A" or higher by one NRSRO; 30% <br />maximum <br />Complied at time of <br />Purchase* <br />Money Market Funds AAA/Aaa rated or SEC registered adviser, <br />assets greater than $500MM; 20% maximum <br />Complies <br />Repurchase Agreements (excluded- <br />not used by IA) <br />20% maximum; 360-day max. maturity Complies <br />Reverse Repurchase Agreements <br />(excluded- not used by IA) <br />20% maximum; 92-day max. maturity 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 />September 30, 2015 <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the <br />City’s investment policy. <br />*Complied at time of purchase; Ebay was downgraded to BBB+ by S&P (Stable) and BBB by Fitch 7/20/15; <br />Portfolio holds Ebay Inc Note 1.625% Due 10/15/2015 rated Baa1/BBB+/BBB