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Statement of Compliance As of December 31, 2018 City of San Leandro Assets managed by Chandler Asset Management are in full compliance with state law and with the Client’s investment policy. CategoryStandardComment Treasury IssuesNo limitations Complies Agency IssuesNo limitations Complies SupranationalsIssued by IBRD, IFC or IADB only; "AA" rated or higher by a NRSRO; 30% maximum; 10% max per issuer Complies Municipal SecuritiesIssued by City of San Leandro and its Agencies Complies Banker’s Acceptances "A" or higher by a NRSRO; 40% maximum; 30% per issuer; 180 days max maturity Complies A-1/P-1 or highest rating by a NRSRO; Issuer rating by S&P and Moody's; Issuer must be a domestic corporation Commercial Paper Complies 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)/ Certificates of Collateralized 110%Complies Deposit (CD) "A" or better by a NRSRO; 30% maximum; Issuers must be corporations organized and operating within the U.S. or Medium Term Corp Notes Complies depository institutions licensed by the U.S. Money Market FundsHighest rating by two NRSROs or SEC registered adviser with assets greater than $500 million; 20% maximum Complies Asset Backed Securities, Mortgage "AA" or higher by a NRSRO; "A" or higher for the issuer's long term debt by at least one NRSRO; 20% maximum; 5% Backed/ Pass-Through Securities, per single Asset-Backed or Commercial Mortgage issuer; There is no issuer limitation on any Mortgage security Complies CMOswhere the issuer is US Treasury or a Federal Agency/Government-sponsored Enterprise (GSE). Repurchase Agreements20% 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 LAIFMaximum program limit; Not used by IA Complies Maximum Maturity5 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. 1