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OBJECTIVES <br />City of Louisville I As of September 30, 2025 <br />CM <br />Investment Objectives <br />Safety of principal is the foremost objective of the investment program. The investment <br />portfolio shall remain sufficiently liquid to meet all operating requirements that may be <br />reasonably anticipated. The investment portfolio shall be designed with the objective of <br />attaining a market rate of return throughout budgetary and economic cycles, taking into <br />account the investment risk constraints and liquidity needs. <br />Chandler Asset Management Performance Objective <br />The performance objective for the portfolio is to earn a total rate of return through a market <br />cycle that is equal to or above the return on the benchmark index. <br />Strategy <br />In order to achieve its objective, we will invest the City's funds in a well diversified passive <br />portfolio comprised primarily of U.S. Treasury and Agency securities. All securities will be in <br />compliance with the City's Investment Policies and CRS 24-75-601. <br />CHANDLER <br />ASSET MANAGEMENT <br />22/73 <br />15 <br />