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Investments shall further be diversified between structures and imbedded options within <br />the security. <br />The investments shall be diversified by: <br />• Limiting investments to avoid over -concentration in securities of a specific <br />issuer (excluding treasury bills). <br />• Limiting investment in securities that have higher credit risks. <br />• Limiting certificates of deposit to the maximum federally insured amount. <br />• Investing in securities with varying maturities. <br />• Investing a minimum percentage of the total portfolio as established by the <br />investment advisory committee in highly marketable short-term treasuries, <br />checking accounts with interest, government pooled account, or a <br />combination of all three (See Section 4.1 (A)(iv)). <br />14.0 MAXIMUM MATURITIES <br />14.1 Maximum Maturities <br />To the extent possible, the City of Santa Ana will attempt to match its investments with <br />anticipated cash flow requirements and thus maturities shall coincide as nearly as <br />possible with the anticipated need. The maximum durations for authorized investments <br />pursuant to section 8.2 subsections (A) through (F) are as follows: <br />• United States Treasury Bills. Notes. and Bonds — five (5) years maximum <br />maturity <br />• _Obligations issued by a Federal Agency or a United States Government <br />Sponsored Enterprise — five (5) years maximum maturity <br />• Supranational Obligations - five (5) years maximum maturity <br />• Bills of Exchange/Banker's acceptances - one hundred eighty (180) days <br />maximum maturity. <br />• Commercial Paper- two hundred seventy 270 days maximum maturity <br />• Repurchase Agreements — one (1) year maximum maturity <br />• Negotiable Certificates of Deposit - five (5) years maximum maturity <br />• Local Agency Investment Fund (LAIF) State Pool - no final stated maturity <br />• City of Santa Ana Bonds - five (5) years maximum maturity <br />• Other State of California Local Agency Bonds - five (5) years maximum maturity <br />• Medium Term Corporate Notes - five (5) years maximum maturity <br />City of Santa - Annual July 1, 2018 - <br />Statement of Investment Policy 5 r 51� 3 June 30, 2019 <br />