Reso 2022-027 City Council Investment Report QE 12312021

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C11% 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 Standard Comment Treasury Issues No limitations Complies Agency Issues No limitations Complies Supranationals "AA" rated or higher by a NRSRO; 30% maximum; 10% max per issuer; Unsubordinated obligations issued by by Complies IBRD, IFC or IADB only Municipal Securities Issued by City of San Leandro and its Agencies Complies Banker's Acceptances "A" or highest money market rating by a NRSRO, such as S&P or Moody's; 40% maximum; 30% per issuer; 180 days 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 Paper and P-1 rated or better by S&P and Moody's for its debt other than commercial paper; 25% maximum; 10% max of Complies the 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 Deposit (CD) FDIC Insured or Collateralized 110% Complies Medium Term Corp Notes "A" rated or better by a NRSRO; 30% maximum; Issuers must be corporations organized and operating within the Complies U.S. or depository institutions licensed by the U.S., or operating within the U.S. Money Market Mutual Funds Highest 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; Backed, Pass-Th rough Securities, There is no issuer limitation on any Mortgage security where the issuer is US Treasury or a Federal Complies Collateralized Mortgage Obligations Agency/Government-sponsored Enterprise (GSE). 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 investing in an entity that received a significant portion of their revenues from the Complies gun manufacturing, fossil fuel production, private prisons, and tobacco producers Maximum Maturity 5 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.