Reso 2020-164 Accept Council Investment Report

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G11 CHANDLER ASSET MANAGEMENT City of San Leandro Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. Category Treasury Issues Agencylssues Supranationals Municipal Securities Banker's Acceptances Commercial Paper Negotiable Certificates of Deposit (including CDARS) Time Deposits (TD)/ Certificates of Deposit (CD) Standard No limitations Comment Complies No limitations Complies "AA" rated or higher by a NRSRO; 30%maximum; 10%max per issuer; Unsubordinated obligations issued by by IBRD, IFC or IADB Complies only Issued 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 max maturity Complies Highest rating by a NRSRO; Issuer must be a domestic corporation having assets in excess of $500 million and A-1 and P-1 rated or better by S&P and Moody's for its debtother than commercial paper; 25% maximum; 10% max ofthe outstanding commercial Complies paper of any single issuer; 270 days max maturity 30%maximum (including CDARS); FDIC Insured or Collateralized 110% FDIC Insured or Collateralized 110% Complies Complies Medium Term Corp Notes "A" rated or better by a NRSRO; 30% maximum; Issuers must be corporations organized and operatingwithin the U.S. or Complies depository institutions licensed bythe U.S., or operating within the U.S. Money Market Mutual Funds Highest rating bytwo NRSROs or SEC registered adviser with assets greater than $500 million; 20%maximum Complies Asset Backed Securities, Mortgage 'AA" rated or higher by NRSRO; 20%maximum; 5%per single Asset -Backed or Commercial Mortgage issuer; There is no issuer Backed,Pass-Through Securities, limitation on any Mortgage security wherethe issuer is US Treasury or a Federal Agency/Government-sponsored Enterprise(GSE). Complies Collateralized Mortgage Obligations Repurchase Agreements 20% 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 Social Responsibility The investment policy prohibits i nvesti ng i n an entity that received a significant portion of thei r revenues from the gun Complies manufacturing, fossil fuel production, private prisons, and tobacco producers Maximum Maturity 5 years Complies *Complied at time of purchase: Portfolio currently holds Fossil Fuel issuer: Chevron (166764BG4) 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.