Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Chandler Asset Management - CONFIDENTIAL
Sample GASB 40 Report
As of December 31, 2018
Sample Client
Account #00000
Please note: This sample client service report is being provided for illustrative purposes to demonstrate Chandler Asset Management’s reporting capabilities. References to specific securities and their characteristics are examples of securities held in the portfolio and are not intended to be, and should not be interpreted as an offer, solicitation or recommendation to purchase or sell any financial instrument, an indication that the purchase of such securities was or will be profitable, or representative of the composition or performance of the portfolio. The information contained in this sample presentation is subject to change and obtained from sources we believe to be reliable, but we do not guarantee its accuracy. Portfolio characteristics are based on a sample portfolio managed by Chandler. There is no guarantee that investment in any of these characteristics will result in characteristics similar to those that appear herein due to economic conditions and other market factors, which will fluctuate. Past performance is not indicative of future success. Fixed income investments are subject to interest, credit and market risk.
Concentration of Credit
Issuer Name Cost Market Value Avg Mod. Duration Avg Maturity % of Port 323,219 320,691 1.97 2.06 1.24%
325,575 320,321 2.08 2.17 1.24%
323,258 319,453 3.75 4.07 1.23%
323,096 318,726 2.29 2.38 1.23%
318,926 315,875 2.30 2.38 1.22%
324,373 315,727 2.51 2.61 1.22%
313,060 315,383 3.76 4.04 1.22%
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer 76,742 76,742 0.00 0.00 0.30%
TOTAL 26,169,765 25,924,396 2.34 2.45 100.00%
CUSIP Details
CUSIP Issue Name Issue Cpn Maturity
Date
Is
Callable
Next Call
Date Market Value Duration MarketTerm
Ratings
Moody/SP/Fitch
Sample CUSIP Government MMKT Fund #657 2.00 12/31/2018 N 76,742 0.00 0.00 Aaa AAA NR Sample CUSIP
Sample Issuer
Sample Issuer 1.50 02/28/2019 N 399,428 0.16 0.16 Aaa AA+ AAA Sample CUSIP 2.13 03/01/2019 N 499,297 0.17 0.16 A1 AA- NR Sample CUSIP 1.95 03/04/2019 N 324,362 0.17 0.17 A2 A A Sample CUSIP 1.95 03/15/2019 N 324,262 0.20 0.20 A2 AA- A Sample CUSIP
Sample Issuer
Sample Issuer
Sample Issuer
Sample Issuer 1.63 04/30/2019 N 797,750 0.33 0.33 Aaa AA+ AAA Sample CUSIP Sample Issuer 1.75 05/30/2019 N 498,415 0.41 0.41 Aaa AA+ AAA Sample CUSIP Sample Issuer 1.63 08/31/2019 N 347,689 0.65 0.67 Aaa AA+ AAA Sample CUSIP Sample Issuer 1.75 09/12/2019 N 670,872 0.68 0.70 Aaa AA+ AAA Sample CUSIP Sample Issuer 1.50 11/30/2019 N 989,688 0.90 0.92 Aaa AA+ AAA Note
Note
Note
Note
Note
Note
Note
Note
Note
Chandler Asset Management - CONFIDENTIAL Page 2
Sample Client
Account #00000
Sample GASB 40 Report
As of December 31, 2018
Please note: This sample client service report is being provided for illustrative purposes to demonstrate Chandler Asset Management’s reporting capabilities. References to specific securities and their characteristics are examples of securities held in the portfolio and are not intended to be, and should not be interpreted as an offer, solicitation or recommendation to purchase or sell any financial instrument, an indication that the purchase of such securities was or will be profitable, or representative of the composition or performance of the portfolio. The information contained in this sample presentation is subject to change and obtained from sources we believe to be reliable, but we do not guarantee its accuracy. Portfolio characteristics are based on a sample portfolio managed by Chandler. There is no guarantee that investment in any of these characteristics will result in characteristics similar to those that appear herein due to economic conditions and other market factors, which will fluctuate. Past performance is not indicative of future success. Fixed income investments are subject to interest, credit and market risk.
CUSIP Details
CUSIP Issue Name Issue Cpn Maturity
Date
Is
Callable
Next Call
Date Market Value Duration MarketTerm
Ratings
Moody/SP/Fitch
Sample CUSIP Sample Issuer Note 1.75 06/30/2022 N 487,891 3.37 3.50 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 1.88 08/31/2022 N 587,156 3.49 3.67 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 1.75 09/30/2022 N 1,022,274 3.58 3.75 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 2.00 10/05/2022 N 490,548 3.58 3.76 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 1.88 10/31/2022 N 366,621 3.66 3.84 Aaa AA+ AAA Sample CUSIP Sample Issuer Callable Note Cont 12/13/2022 2.40 01/13/2023 Y 12/13/2022 315,383 3.76 4.04 Aa1 AA+ NR Sample CUSIP Sample Issuer Note 2.38 01/19/2023 N 719,574 3.79 4.05 Aaa AA+ AAA Sample CUSIP Sample Issuer Callable Note Cont 12/23/22 2.85 01/23/2023 Y 12/23/2022 319,453 3.75 4.07 A1 AA- AASample CUSIP Sample Issuer Note 2.13 03/10/2023 N 244,877 3.95 4.19 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 3.25 06/09/2023 N 307,603 4.11 4.44 Aaa AA+ NR Sample CUSIP Note 2.75 06/19/2023 N 301,753 4.18 4.47 Aaa AA+ AAA Sample CUSIP
Sample Issuer
Sample Issuer Callable Note Cont 5/26/2023 3.40 06/26/2023 Y 05/26/2023 328,349 4.06 4.49 Aa2 AA AA Sample CUSIP Note 3.45 08/11/2023 N 326,062 4.18 4.61 A1 A AASample CUSIPSample Issuer Sample Issuer Note 3.38 09/08/2023 N 412,006 4.28 4.69 Aaa AA+ NR Sample CUSIP Sample Issuer Note 2.88 09/12/2023 N 384,474 4.34 4.70 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 1.63 10/31/2023 N 479,903 4.59 4.84 Aaa AA+ AAA Sample CUSIP Sample Issuer Note 3.38 12/08/2023 N 128,819 4.52 4.94 Aaa AA+ AAA TOTAL 25,924,396
Chandler Asset Management - CONFIDENTIAL Page 3
Sample Client
Account #00000
Sample GASB 40 Report
As of December 31, 2018
Please note: This sample client service report is being provided for illustrative purposes to demonstrate Chandler Asset Management’s reporting capabilities. References to specific securities and their characteristics are examples of securities held in the portfolio and are not intended to be, and should not be interpreted as an offer, solicitation or recommendation to purchase or sell any financial instrument, an indication that the purchase of such securities was or will be profitable, or representative of the composition or performance of the portfolio. The information contained in this sample presentation is subject to change and obtained from sources we believe to be reliable, but we do not guarantee its accuracy. Portfolio characteristics are based on a sample portfolio managed by Chandler. There is no guarantee that investment in any of these characteristics will result in characteristics similar to those that appear herein due to economic conditions and other market factors, which will fluctuate. Past performance is not indicative of future success. Fixed income investments are subject to interest, credit and market risk.
Sample GASB 72 - Fair Value Measurements
As of December 31, 2018
Sample Client
Account #00000
Asset Fair Value
Investments That
Are Not Measured
at Fair Value
Quoted Prices in Active
Markets for Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
Agency $9,018,469.17 $0.00 $0.00 $9,018,469.17 $0.00
Foreign Corporate $339,544.80 $0.00 $0.00 $339,544.80 $0.00 Money Market Fund FI $76,742.02 $76,742.02 $0.00 $0.00 $0.00 US Corporate $4,352,761.72 $0.00 $0.00 $4,352,761.72 $0.00 US Treasury $12,136,877.85 $0.00 $0.00 $12,136,877.85 $0.00 TOTAL PORTFOLIO $25,924,395.56 $76,742.02 $0.00 $25,847,653.54 $0.00 Chandler Asset Management - CONFIDENTIAL Page 1
Please note: This sample client service report is being provided for illustrative purposes to demonstrate Chandler Asset Management’s reporting capabilities. References to specific securities and their characteristics are examples of securities held in the portfolio and are not intended to be, and should not be interpreted as an offer, solicitation or recommendation to purchase or sell any financial instrument, an indication that the purchase of such securities was or will be profitable, or representative of the composition or performance of the portfolio. Portfolio characteristics and asset allocation are based on a sample portfolio managed by Chandler. There is no guarantee that investment in any of these characteristics will result in characteristics similar to those that appear herein due to economic conditions and other market factors, which will fluctuate. The information contained in this sample presentation is subject to change and obtained from sources we believe to be reliable, but we do not guarantee its accuracy. Past performance is not indicative of future success. Fixed income investments are subject to interest, credit and market risk.
C.\\
Appendix G
Proposed Additional Terms
PROPOSED ADDITIONAL TERMS
SPECIFIC TO INVESTMENT MANAGEMENT RELATIONSHIP
1. Client Representative. In its capacity as investment manager, Chandler shall receive all instructions, directions and other communications on Client's behalf respecting Client's account from ________________ (Representative). Chandler is hereby authorized to rely and act upon all such instructions, directions and communications from such Representative or any agent of such Representative.
2. Investment Policy. In investing and reinvesting Client’s assets, Chandler shall comply with Client’s Investment Policy, which is attached hereto as Exhibit A.
3. Authority of Chandler. Chandler is hereby granted full discretion to invest and reinvest all assets under its management in any type of security it deems appropriate, subject to the instructions given or guidelines set by Representative.
4. Notices. All reports and other communications required hereunder to be in writing shall be delivered in person, or sent by first-class mail postage prepaid, by overnight courier, by confirmed facsimile with original to follow or by confirmed electronic mail with proof of receipt to the addresses set forth below. Either party to this Agreement may, by written notice given at any time, designate a different address for the receipt of reports and other communications due hereunder.
Chandler Asset Management Client Representative
Attn: Operations Dept. _____________________
6225 Lusk Boulevard _____________________
San Diego, CA 92121 _____________________
5. Electronic Delivery. From time to time, Chandler may be required to deliver certain documents to Client such as account information, notices and required disclosures. Client hereby consents to Chandler’s use of electronic means, such as email, to make such delivery. This delivery may include notification of the availability of such document(s) on a website, and Client agrees that such notification will constitute “delivery”. Client further agrees to provide Chandler with Client’s email address(s) and to keep this information current at all times by promptly notifying Chandler of any change in email address(s).
Client email address(s):______________________________________________________________
6. Proxy Voting. Chandler will vote proxies on behalf of Client unless otherwise instructed. Chandler has adopted and implemented written policies and procedures and will provide Client with a description of the proxy voting procedures upon request. Chandler will provide information regarding how Clients’ proxies were voted upon request. To request proxy policies or other information, please contact us by mail at the address provided, by calling 800-317-4747 or by emailing your request to [email protected].
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7. Custody of Securities and Funds. Chandler shall not have custody or possession of the funds or securities that Client has placed under its management. Client shall appoint a custodian to take and have possession of its assets. Client recognizes the importance of comparing statements received from the appointed custodian to statements received from Chandler. Client recognizes that the fees expressed above do not include fees Client will incur for custodial services.
8. Valuation. Chandler will value securities held in portfolios managed by Chandler no less than monthly. Securities or investments in the portfolio will be valued in a manner determined in good faith by Chandler to reflect fair market value.
9. Investment Advice. Client recognizes that the opinions, recommendations and actions of Chandler will be based on information deemed by it to be reliable, but not guaranteed to or by it. Provided that Chandler acts in good faith, Client agrees that Chandler will not in any way be liable for any error in judgment or for any act or omission, except as may otherwise be provided for under the Federal Securities laws or other applicable laws.
10. Payment of Commissions. Chandler may place buy and sell orders with or through such brokers or dealers as it may select. It is the policy and practice of Chandler to strive for the best price and execution and for commission and discounts which are competitive in relation to the value of the transaction and which comply with Section 28(e) of the Securities and Exchange Act. Nevertheless, it is understood that Chandler may pay a commission on transactions in excess of the amount another broker or dealer may charge, and that Chandler makes no warranty or representation regarding commissions paid on transactions hereunder.
11. Other Clients. It is further understood that Chandler may be acting in a similar capacity for other institutional and individual clients, and that investments and reinvestments for Client's portfolio may differ from those made or recommended with respect to other accounts and clients even though the investment objectives may be the same or similar. Accordingly, it is agreed that Chandler will have no obligation to purchase or sell for Client's account any securities which it may purchase or sell for other clients.
12. Confidential Relationship. The terms and conditions of this Agreement, and all information and advice furnished by either party to the other shall be treated as confidential and shall not be disclosed to third parties except (i) as required by law, rule, or regulation, (ii) as requested by a regulatory authority, (iii) for disclosures by either party of information that has become public by means other than wrongful conduct by such party or its officers, employees, or other personnel, (iv) for disclosures by either party to its legal counsel, accountants, or other professional advisers, (v) as necessary for Chandler to carry out its responsibilities hereunder, or (vi) as otherwise expressly agreed by the parties.
13. Receipt of Brochure and Privacy Policy. Client has received the disclosure statement or "brochure" and “brochure supplement” also known as Part 2A and Part 2B of Form ADV, required to be delivered pursuant to Rule 204-3 of the Investment Advisers Act of 1940 (Brochure). Client has received a copy of Chandler’s Privacy Policy.
111 CHANDLER
j ~~~~GEMENT