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Objectives <br />Investment Objectives <br />As of December 31, 2020 <br />Safety of principal is the foremost objective of the investment program. The investment portfolio shall <br />remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. The <br />investment portfolio shall be designed with the objective of attaining a market rate of return throughout <br />budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. <br />Chandler Asset Management Performance Objective <br />The performance objective for the City of Louisville is to achieve an annual total return on the portfolio <br />that exceeds the return of the 2 Year Held -To -Maturity Treasury Index and the ICE BAML Blended 0-3 Year <br />Treasury Index. <br />Strategy <br />In order to achieve its objective, we will invest the City's funds in a well diversified passive portfolio <br />comprised primarily of U.S. Treasury and Agency securities. All securities will be in compliance with the <br />City's Investment Policies and CRS 24-75-601. <br />16 CJJ <br />23 <br />