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Finance Committee Agenda and Packet 2015 04 20
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Finance Committee Agenda and Packet 2015 04 20
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FCPKT 2015 04 20
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rM <br />City of Louisville <br />March 31, 2015 <br />COMPLIANCE WITH INVESTMENT POLICY <br />Assets managed by Chandler Asset Management are in full compliance with State law and with the City's investment policy. <br />Category <br />Standard <br />Comment <br />Treasury Issues <br />5 years maximum maturity; 5% minimum <br />Complies <br />Government Instrumentalities, <br />GSEs <br />95% max inclusive of Corporate or Bank Securities, 35% max per issuer <br />(includes FFCB, FHLB, FHLMC, FNMA, GNMA), 3 years max maturity <br />Complies <br />Municipal Securities <br />A- or above by two NRSROs for Colorado GO and Revs; AA- for Non- <br />Colorado by two NRSROs; 3 years max maturity <br />Complies <br />Banker's Acceptances <br />A- 1,P -1, or F -1 by two NRSROs; 25% maximum; 5% max per issuer; <br />270 days max maturity <br />Complies <br />Commercial Paper <br />A- 1,P -1, or F -1 by two NRSROs; 25% maximum; 5% max per issuer; <br />270 days max maturity <br />Complies <br />CDs <br />AA- rated; 25% maximum; 5% max per issuer; 5 years max maturity <br />Complies <br />US Corporate (MTNs) <br />AA - /Aa3 rated by two NRSROs; 25% maximum; 5% max per issuer; 3 <br />years max maturity <br />Complies <br />Money Market Fund <br />AAAm rated; 20% maximum; 10% max per issuer; 100% U.S. <br />Treasury <br />Complies <br />LGIP <br />AAAm rated <br />Complies <br />Repurchase Agreements <br />Not used by Investment Adviser <br />Complies <br />GICS <br />Not used by Investment Adviser <br />Complies <br />Maximum Maturity <br />5 years <br />Complies <br />10 <br />
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