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Statement of Compliance As of June 30, 2019 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 "AA" rated or higher by a NRSRO; 30% maximum; 10% max per issuer; Unsubordinated obligations issued by by IBRD, Supranationals Complies IFC or IADB only Municipal SecuritiesIssued by City of San Leandro and its Agencies Complies "A" or highest money market rating by a NRSRO, such as S&P or Moody's; 40% maximum; 30% per issuer; 180 days Banker’s Acceptances Complies max maturity Highest rating by a NRSRO; Issuer must be a domestic corporation having assets in excess of $500 million and A-1 Commercial Paperand P-1 rated or better by S&P and Moody's for its debt other than commercial paper; 25% maximum; 10% max of the Complies outstanding commercial paper of any single issuer; 270 days max maturity Negotiable Certificates of Deposit 30% maximum (including CDARS); FDIC Insured or Collateralized 110%Complies (including CDARS) Time Deposits (TD)/ Certificates of FDIC Insured or Collateralized 110%Complies Deposit (CD) "A" rated or better by a NRSRO; 30% maximum; Issuers must be corporations organized and operating within the U.S. Medium Term Corp Notes Complies or depository institutions licensed by the U.S., or operating within the U.S. Money Market Mutual FundsHighest rating by two NRSROs or SEC registered adviser with assets greater than $500 million; 20% maximum Complies Asset Backed Securities, Mortgage "AA" rated or higher by a NRSRO; 20% maximum; 5% per single Asset-Backed or Commercial Mortgage issuer; There Backed,Pass-Through Securities, is no issuer limitation on any Mortgage security where the issuer is US Treasury or a Federal Agency/Government-Complies Collateralized Mortgage Obligationssponsored 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 Local Agency Investment Fund (LAIF)Maximum program limit; Not used by IA Complies The investment policy prohibits investing in an entity that received a significant portion of their revenues from the Social Responsibility Complies * gun manufacturing, fossil fuel production, private prisons, and tobacco producers Maximum Maturity5 years Complies *Complied at time of purchase: Portfolio currently holds Fossil Fuel issuer: Chevron (166764BG4) The City of San Leandro is able tomeet 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 tomeet 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 termnotes in accordance with the City's investment policy and California Government Code Section 53600 et seq. 1