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10. Investment Parameters <br />A. Diversification <br />The City will diversify the investment of all funds by adhering to the constraints listed in <br />the following table. Investments in securities shall not exceed the following percentages <br />of the total portfolio at the time of purchase. <br />Total Portfolio Diversification Constraints <br />Ratings, S&P, <br />Issue Type Maximum % Maximum % Moody's, or Maximum <br />Holdings per Issuer Equivalent Maturity <br />NR SRO <br />USTreasuryObligations 100% None N/A 10years <br />USAgencyObligations 100% 35% N/A 10years <br />Supra national Agency Notes 10% 5% AA-/Az3 10years <br />Municipal Bonds (GO Outside WA 30% 5% A-/A3 Short Term 10years <br />City of Tukwila Debt Obligations 15% None N/A N/A <br />3% fo r AA- <br />2% for A-, <br />Corporate Notes 25% AA+ A-/A3 Short Term 5.5yea r <br />A1{1 Long Term A - <br />Commercial Paper 25% 3% /A3 270days <br />Deposits in <br />PDPCapproved <br />Bank Time Deposits/Savings 20% 10% banks N/A <br />Deposits in <br />PDPCapproved <br />Certificates of Deposit 25% 10% banks 5years <br />State LGIP 100% None N/A N/a <br />Issuer constraints apply to the combined issues in corporate and commercial paper holdings. <br />Sort Term Ratings: Moody's - P1MIG1/VMIG1, S&P - A-1/SP-1, Fitch - F1 <br />Note: Individual country limit of non-US/non-Canadian exposure is 2%oftotal portfolio <br />B. Investment Maturity <br />i. Liquidity Funds — Tier 1 <br />City of Tukwila Investment Policy 2025 <br />16 <br />Page 12 of 18 <br />