Laserfiche WebLink
2. Have retained an investment adviser registered or exempt from <br />registration with the Securities and Exchange Commission with not less <br />than five years’ experience managing money market mutual funds with <br />assets under management in excess of $500 million. <br />3. No more than 20% of the total portfolio may be invested in Money Market Mutual Funds. <br /> <br />c. No more than 20% of the total portfolio may be invested in these securities. <br /> <br />Other Investment Pools – The City will conduct a thorough investigation of investment <br />pools prior to making an investment. To become eligible, an investment pool will provide the <br />following information to the City: <br /> <br /> A description of eligible securities and a written statement of investment policy and <br />objectives. <br /> A description of interest calculation methods, how interest is distributed, and how <br />gains and losses are treated. <br /> A description of safekeeping procedures and settlement processes, how often <br />securities are priced, and how often the program is audited. <br /> A description of who are eligible to invest in the program and how often, and any <br />limitations on deposits and/or withdrawals. <br /> A schedule for receiving statements and portfolio listings. <br /> Any policies regarding the use of reserves or retained earnings by the pool. <br /> A fee schedule and a description of how and when fees are assessed. <br /> Any policies regarding the pool’s eligibility for bond proceeds if applicable. <br /> Securities Issued by the City of San Leandro and its Agencies. The City may elect to <br />sell or purchase its securities through secondary markets when conditions are favorable. <br /> Asset-Backed, Mortgage-Backed, Mortgage Pass-Through Securities, and Collateralized Mortgage Obligations, provided that: <br /> The securities are rated “AA” or higher by a NRSO. <br /> They are issued by an issuer having long-term debt obligations rated “A” or higher by at least one NRSO. <br /> No more than 20% of the total portfolio may be invested in these securities. <br /> No more than 5% of the portfolio may be invested in any single Asset-Backed or Commercial Mortgage security issuer. There is no issuer limitation on any Mortgage security where the issuer is the US Treasury or a Federal <br />Agency/Government-sponsored Enterprise (GSE). <br /> The maximum legal final maturity does not exceed five (5) years. <br />Supranational Securities, provided that: <br /> Issues are unsubordinated obligations issued by the International Bank for <br />Reconstruction and Development (IBRD), International Finance Corporation (IFC), <br />or Inter-American Development Bank (IADB). <br /> The securities are rated “AA” or higher by a national recognized statistical rating organization. <br /> No more than 30% of the total portfolio may be invested in these securities. <br /> No more than 10% of the portfolio per issuer. <br /> The maximum maturity does not exceed 5 years. 688