Reso 2026-003 Investment Policy - Laserfiche WebLink

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San Leandro Investment Policy Statement Page 7 of 18 Other Investment Pools – Shares of beneficial interest issued by a joint powers authority organized pursuant to California Government Code Section 6509.7 that invests in the securities and obligations authorized in California Government Code Section 53601 subdivisions (a) to (r), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. To be eligible under this section, the joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: 1. The adviser is registered or exempt from registration with the United States Securities and Exchange Commission. 2. The adviser has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive. 3. The adviser has assets under management in excess of five hundred million dollars ($500,000,000). Municipal Obligations including, Securities Issued by the City of San Leandro and its Agencies. The City may elect to sell or purchase its securities through secondary markets when conditions are favorable. Registered state warrants or treasury notes or bonds of California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by California or by a department, board, agency, or authority of California. Bonds, notes, warrants, or other evidences of indebtedness of a local agency within California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency. Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California. A Mortgage Passthrough Security, Collateralized Mortgage Obligation, Mortgage- Backed or Other Pay-Through Bond, Equipment Lease-Backed Certificate, Consumer Receivable Passthrough Certificate, or Consumer Receivable-Backed Bond. For securities eligible for investment under this subdivision not issued or guaranteed by the United States, a Federal Agency, or a United States government- sponsored enterprise, the following limitations apply • The securities are rated “AA” or its equivalent or higher by a NRSRO. • No more than 20% of the total portfolio may be invested in these securities. • No more than 5% of the portfolio may be invested in any single issuer. • The maximum legal final maturity does not exceed five (5) years. Exhibit A Resolution No. 2026-003 Page 7