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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 /> <br />As of September 30, 2023 <br />14