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Objectives <br />Chandler Asset Management Performance Objective <br />The performance objective for the City of San Leandro is to achieve a rate of return over a market cycle <br />that equals or exceeds the return on a market index of similar duration and sector allocation. <br />Investment Objectives <br />The investment objectives of the City of San Leandro are first,to preserve principal;second,to provide <br />liquidity;and third,to earn a return that is commensurate with the first two objectives. <br />Strategy <br />In order to achieve these objectives,the portfolio invests in high quality fixed income securities consistent <br />with the investment policy and California Government Code. <br />As of March 31, 2022 <br />14