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File Number: 20-383 <br />5-year U.S. Treasury Note of 1.89%. <br />Amounts invested with LAIF are liquid; funds can be withdrawn with minimal notice as City <br />operations may require. The rate of return earned by LAIF generally follows fixed income security <br />rates. <br />Chandler Asset Management manages the balance of the portfolio having a market value of <br />$112,000,000, 58% of the total portfolio. These investments range from one to almost five years <br />to maturity, with the average maturity at 1.91 years (a small increase from December 31, 2019). <br />The report notes that the City is in compliance with all provisions of the City’s Investment Policy <br />and the City is able to meet its cash obligations during the next six-months. Chandler’s strategy is <br />gradually lengthening the average maturity of the portfolio in order to gain higher interest rates. <br />PREPARED BY <br />Susan Hsieh, Finance Director <br />Page 2 City of San Leandro Printed on 9/2/2020 <br />2403