Reso 2026-003 Investment Policy - Laserfiche WebLink

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San Leandro Investment Policy Statement Page 8 of 18 Supranational Securities, provided that: • Issues are senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB). • The securities are rated “AA” or its equivalent or higher by an NRSRO. • No more than 30% of the total portfolio may be invested in these securities. • No more than 10% of the portfolio per issuer. • The maximum maturity does not exceed 5 years. See Appendix A City of San Leandro Summary of Eligible Investments on pages 11 and 12 for a tabular listing of the restrictions regarding authorized investments. IX. Investment Pools/Mutual Funds The City will conduct a thorough investigation of investment pools prior to making an investment. To become eligible, an investment pool will provide the following: • A description of eligible securities and a written statement of investment policy and objectives. • A description of interest calculation methods, how interest is distributed, and how gains and losses are treated. • A description of safekeeping procedures and settlement processes, how often securities are priced, and how often the program is audited. • A description of who are eligible to invest in the program and how often, and any limitations on deposits and/or withdrawals. • A schedule for receiving statements and portfolio listings. • Any policies regarding the use of reserves or retained earnings by the pool. • A fee schedule and a description of how and when fees are assessed. • Any policies regarding the pool’s eligibility for bond proceeds if applicable. X. Credit Downgrade If a security owned by the City is downgraded to a level below the requirements of this policy, making the security ineligible for additional purchases, the following steps will be taken: • Any actions taken related to the downgrade by the investment manager will be communicated to the City in a timely manner (within two business days). • If a decision is made to retain the security, the credit situation will be monitored and reported to the City. XI. Socially Responsible Investing The investment policy prohibits investing in an entity that has a main business line according to revenue in any of the following industries according to Bloomberg Sectors (BB Sectors): (1) Firearms & Ammunition, (2) Explosives, (3) Coal, (4) Oil & Gas, (5) Oil & Gas Services, (6) Pipelines, (7) Private Corrections, or (8) Tobacco. Exhibit A Resolution No. 2026-003 Page 8