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San Leandro Investment Policy Statement Page 11 of 14 <br />Mortgage-Backed, <br />Mortgage Pass- <br />Through Securities, Collateralized <br />Mortgage <br />Obligations <br /> <br /> <br />Supranational <br />Securities <br />5 Years <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />5 Years <br /> <br /> <br />20% of portfolio <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />30% of portfolio <br />10% per issuer <br /> <br />higher by one <br />Nationally Recognized <br />Statistical-rating <br />Organization (NRSO) Issuer rating of “A” or <br />higher by one NRSO <br />No limitation on <br />mortgage securities <br />when issuer is US Treasury or Agency <br /> <br />Permitted issuers are <br />International Bank for <br />Reconstruction and Development (IBRD), <br />International Finance <br />Corporation (IFC), and <br />Inter-American <br />Development Bank (IADB) <br />