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ATTACHMENT 2 <br />k. Repurchase and Reverse Repurchase Agreements <br />Repurchase and Reverse Repurchase Agreements collateralized by securities of <br />the U.S. Government or its agencies. The purchase securities shall have a <br />minimum market value including accrued interest of 102% of the dollar value of <br />funds borrowed and a term not to exceed one year. The aggregate investment in <br />repurchase and reverse repurchase agreements shall not exceed 15% of the <br />City's total portfolio. <br />I. Money Market and Mutual Funds <br />Money market and mutual funds whose portfolios consist of government <br />securities or diversified money market securities such as acceptable C/D's, <br />banker's acceptances, agency discount notes, commercial paper, and other full - <br />faith and credit obligations of the U.S. Government or its agencies. The <br />aggregate investment in Government Security money market and mutual Funds <br />shall not exceed 20% of the City's total portfolio. <br />M. Managed Portfolio for Pension Liabilities <br />City Council authorized setting up a Section 115 Pension Trust Fund (Trust <br />Fund), The Trust Fund assets will be managed by an external Manager and the <br />Investment policy related to the trust will be a separate document that is <br />approved by Council. <br />o. California Asset Management Program (CAMP) <br />California Asset Management Program "CAMP" is a California Joint Powers <br />Authority ("JPA") established in 1989 to provide California public agencies with <br />professional investment services. The CAMP Pool is a permitted investment for <br />all local agencies under California Government Code Section 53601(p). The <br />aggregate investment in CAMP shall not exceed 30% of the City's investment <br />portfolio. <br />p. Supranational Organizations Securities <br />United States dollar denominated senior unsecured unsubordinated obligations <br />issued or unconditionally guaranteed by IBRD, IFC, or IADB, with a maximum <br />remaining maturity of five years or less and eligible for purchase and sale in the <br />United States. Purchases are limited to securities rated in a rating category of <br />"AA" or its equivalent or better by an NRSRO. The aggregate investment in <br />Supranational Organizations Securities shall not exceed 30% of the City's <br />investment portfolio. Supranational Organizations Securities are permitted <br />investment under California Government Code 53601(q) <br />1, <br />