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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 />The City of San Leandro is able to meet its pool’s expenditure requirement for the next six months. <br />Category Standard Comment <br />Treasury Issues No limitations Complies <br />Agency Issues No limitations Complies <br />Supranationals Issued by IBRD, IFC or IADB only; "AA" rated or higher by a NRSRO; 30% maximum; <br />10% max per issuer <br />Complies <br />Municipal Securities Issued by City of San Leandro and its Agencies Complies <br />Banker’s Acceptances "A" or higher by a NRSRO; 40% maximum; 30% per issuer; 180 days max maturity Complies <br />Commercial Paper A-1/P-1 or highest rating by a NRSRO; Issuer rating by S&P and Moody's; Issuer must <br />be a domestic corporation having assets in excess of $500 million; 25% maximum; <br />10% per issuer; 270days max maturity <br />Complies <br />Negotiable Certificates of Deposit <br />(including CDARS) <br />30% maximum (including CDARS); FDIC Insured or Collateralized 110%Complies <br />Time Deposits (TD)/ Cerfiticates of <br />Deposit (CD) <br />Collateralized 110%Complies <br />Medium Term Corp Notes "A" or better by a NRSRO; 30% maximum; Issuers must be corporations organized <br />and operating within the U.S. or depository institutions licensed by the U.S. <br />Complies <br />Money Market Funds Highest rating by two NRSROs or SEC registered adviser with assets greater than <br />$500 million; 20% maximum <br />Complies <br />Asset Backed Securities, Mortgage <br />Backed/ Pass-Through Securities, <br />CMOs <br />"AA" or higher by a NRSRO; "A" or higher for the issuer's long term debt by at least <br />one NRSRO; 20% maximum; 5% per single Asset-Backed or Commercial Mortgage <br />issuer; There is no issuer limitation on any Mortgage security where the issuer is US <br />Treasury or a Federal Agency/Government-sponsored Enterprise (GSE). <br />Complies <br />Repurchase Agreements 20% maximum; 360 days max maturity; 102% collateralized; Not used by IA Complies <br />Reverse Repurchase Agreements 20% maximum; 92 days max maturity; Not used by IA Complies <br />LAIF Maximum program limit; Not used by IA Complies <br />Maximum Maturity 5 years Complies <br />COMPLIANCE WITH INVESTMENT POLICY <br />City of San Leandro <br />March 31, 2018 <br />Assets managed by Chandler Asset Management are in full compliance with state law and with the Client’s investment policy. <br />1443