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cill (CHA AASSENDLER MANAGEMENT CA �` City of San Leandro December 31, 2016 Assets managed by ChandlerAsset Management are in full compliance Wth State lawand faith the Client's investment policy. The City of San Leandro is able to meet its pool's expenditure requirement for the next six months. City of San Leandro The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of return commensurate with the City's investment risk constraints and cash flow needs. Furthermore, the City is able to meet its cash obligations during the next six-month period. Investment Report Performance Objectives The performance objective for the City of San Leandro's portfolio managed by Chandler is to attain a rate of return greater than the benchmark 1-3 Year Treasury/Agency securities over a market cycle. Strategy In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency securities, high quality money market instruments and high quality corporate medium term notes in accordance with the City's investment policy and California Government Code Section 53600 et seq. X i777 75 RAfis Treasury Issues No limitations Complies Agency Issues No limitations Complies Supranationals Issued by IBRD, IFC or IADB only; "AA" rated or higher by a NRSRO; 30% Complies maximum; 10% max per issuer Municipal Securities Issued by City of San Leandro and its Agencies Complies Banker's Acceptances "A" or higher ba NRSRO; 40% maximum; 30% per issuer; 180 days max maturity Complies Commercial Paper A -1/P-1 or highest rating by a NRSRO; Issuer rating by S&P and Moody's; Issuer Complies must be a domestic corporation having assets in excess of $500 million; 25% maximum; 10% per issuer; 270days max maturity Negotiable Certificates of Deposit 30% maximum (including CDARS); FDIC Insured or Collateralized 110% Complies (including CDARS Time Deposits (TD)/ Cerfiticates of Collateralized 110% Complies Deposit CD Medium Term Notes "A" or better by a NRSRO; 30% maximum; Issuers must be corporations organized Complies and operating within the U.S. Money Market Funds Highest rating by two NRSROs or SEC registered adviser with assets greater than Complies $500 million; 20% maximum Asset Backed Securities, Mortgage "AA" or higher by a NRSRO; "A" or higher for the issuer's long term debt by at least Complies Backed/ Pass -Through Securities, one NRSRO; 20% maximum; 5% per single Asset -Backed or Commercial CMOs Mortgage issuer; There is no issuer limitation on any Mortgage security where the issuer is US Treasury or a Federal Agency/Government-sponsored Enterprise (GSE). Repurchase Agreements 20% maximum; 360 days max maturity; 102% collateralized; Not used by IA Complies Reverse Repurchase Agreements 20% maximum; 92 days max maturity; Not used by IA Complies LAIF Maximum program limit; Not used by IA Complies Maximum Maturity 5 years Complies The City of San Leandro is able to meet its pool's expenditure requirement for the next six months. City of San Leandro The investment goals of the City of San Leandro are to preserve principal, to provide liquidity, and to attain a rate of return commensurate with the City's investment risk constraints and cash flow needs. Furthermore, the City is able to meet its cash obligations during the next six-month period. Investment Report Performance Objectives The performance objective for the City of San Leandro's portfolio managed by Chandler is to attain a rate of return greater than the benchmark 1-3 Year Treasury/Agency securities over a market cycle. Strategy In order to achieve these objectives, the City of San Leandro invests in US Treasury securities, federal agency securities, high quality money market instruments and high quality corporate medium term notes in accordance with the City's investment policy and California Government Code Section 53600 et seq.