Susana Alcala Wood, City Attorney Jorge Oseguera, City Auditor Mindy Cuppy, City Clerk Howard Chan, City Manager John Colville, City Treasurer City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-00602 April 05, 2022 Consent Item 03
Title: February 2022 Monthly Investment Transactions Report
Location: Citywide
Recommendation: Receive and file.
Contact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, [email protected], Office of the City Treasurer
Presenter: None
Attachments:
1-Description/Analysis
2-Attachments A to F
File ID: 2022-00602 Consent Item 03
April 05, 2022
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City of Sacramento
Description/Analysis
I
ssue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
P
olicy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
E
conomic Impacts: None.
E
nvironmental Considerations: This action is not a project that is subject to CEQA because it is an administrative activity that will not result in direct or indirect physical changes in the environment and because it relates to government fiscal activities that do not involve any commitment to any specific project that may result in a potentially significant physical impact on the environment. (CEQA Guidelines § 15378 (a), (b)(2), and (b)(5)).
S
ustainability: None.
C
ommission/Committee Action: None.
R
ationale for Recommendation: The City Treasurer is responsible for depositing and investing funds in the City treasury and for reporting on investment activity in accordance with the authority granted by City Charter Section 73, City Council ordinances and resolutions, and applicable state law. Consistent with the City of Sacramento Investment Policy which is updated annually by City Treasurer’s Office staff and was most recently adopted by City Council on July 20, 2021, the monthly report herein lists the transactions as required by California Government Code section 53607. For informational purposes, the City Treasurer also reports on investment transactions of other funds invested by City Treasurer’s Office staff.
The summary and transactions detail for the month ended February 28, 2022, are listed in Attachments A, B, C, D, E and F.
Fi
nancial Considerations: The monthly investment report sets forth the monthly transactions of the City Treasurer’s Office Investment Pool A funds. The market value of the Pool A investment portfolio (Portfolio) on January 31 was $1,443,103,117, while the market value of the Portfolio on February 28 was $1,436,720,721. The yield of the Portfolio in February was
0.91%. There were 17 total transactions for the period (14 purchases and 3 maturities). The estimated duration of the Portfolio as of February 28, 2022, is 2.79 years.
L
ocal Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 75,566,802$ -$ -$ -$ 75,566,802$ Sales - - - - - Calls - - - - - Maturities 10,806,486 - - - 10,806,486 Contributions 94,450,678 - - - 94,450,678 Withdrawals 94,516,452 - 10,433 2,619 94,529,504 Total 275,340,418$ -$ 10,433$ 2,619$ 275,353,470$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 990,581$ 4,793,254$ 5,783,835$ Sales - - 394,383 4,479,604 4,873,987 Calls - - - - - Maturities 49,111 - - - 49,111 Expenses 56 - - - 56 Contributions - - - - - Withdrawals 213,155 12,405 10,938 - 236,498 Total 262,322$ 12,405$ 1,395,902$ 9,272,858$ 10,943,487$ City of Sacramento
Summary of Transactions
February-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
February-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,470,380$ 1,470,380$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 1,470,380$ 1,470,380$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals - - - - - Total -$ -$ -$ -$ -$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ 498,750$ -$ 498,750$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 11,130,972 - - 11,130,972 Withdrawals - - - - - - Total -$ -$ 11,130,972$ 498,750$ -$ 11,629,722$ GRAND TOTAL 299,397,059$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
PURCHASES
02-01-22 5,000,000 Metropolitan Li fe Global Fdg I 98.68 4,934,000
1.875% Due 01-11-27
02-01-22 5,000,000 Toronto Dominion Bank 99.70 4,985,037
0.570% Due 08-09-22
02-01-22 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
1.230% Due 02-09-24
02-02-22 5,000,000 Citigroup Global Mkts 99.65 4,982,681
0.580% Due 09-07-22
02-02-22 5,000,000 Credit Suisse NY 99.61 4,980,429
0.610% Due 09-21-22
02-02-22 5,000,000 JP Morgan Chase Bank Na 95.40 4,769,800
1.040% Due 02-04-27
02-03-22 4,500,000 Public Storage 98.14 4,416,255
1.500% Due 11-09-26
02-03-22 10,000,000 MUFG Bank Ltd/NY 99.55 9,955,200
0.630% Due 10-18-22
02-03-22 10,000,000 Natixis NY 99.68 9,968,175
0.570% Due 08-23-22
02-04-22 5,000,000 Procter & Gamble Co 99.53 4,976,400
1.900% Due 02-01-27
02-08-22 5,000,000 JP Morgan Chase Bank Na 95.03 4,751,600
1.045% Due 11-19-26
02-10-22 5,000,000 IBM Corporation 99.00 4,950,000
2.200% Due 02-09-27
02-11-22 1,975,000 San Juan Calif Uni Sch Dist Sa 96.06 1,897,224
1.201% Due 08-01-26
02-17-22 5,000,000 Farmer Mac 100.00 5,000,000
1.380% Due 07-28-23
TOTAL 75,566,802
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
MATURITIES
02-01-22 5,000,000 UBS Group Ag 101.77 5,088,450 -88,450 100.00 5,000,000 0
2.650% Due 02-01-22
02-01-22 800,000 Highland Calif Redev Agy Succe 99.42 795,336 4,664 100.00 800,000 0
2.250% Due 02-01-22
02-10-22 5,000,000 International Bk Recon & Develop 98.45 4,922,700 77,300 100.00 5,000,000 0
1.625% Due 02-10-22
TOTAL 10,806,486 10,800,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
CONTRIBUTIONS
02-01-22 JP Morgan Chase Cash 25,927
02-01-22 JP Morgan Chase Cash 3,272,236
02-02-22 JP Morgan Chase Cash 11,083,543
02-03-22 JP Morgan Chase Cash 5,283,152
02-04-22 JP Morgan Chase Cash 2,417,730
02-07-22 JP Morgan Chase Cash 33,490
02-08-22 JP Morgan Chase Cash 5,530,586
02-09-22 JP Morgan Chase Cash 566,476
02-11-22 JP Morgan Chase Cash 10,000,000
02-11-22 JP Morgan Chase Cash 12
02-11-22 JP Morgan Chase Cash 474
02-11-22 JP Morgan Chase Cash 2,469,716
02-14-22 JP Morgan Chase Cash 2,679,746
02-16-22 JP Morgan Chase Cash 2,245,635
02-17-22 JP Morgan Chase Cash 8,090,501
02-18-22 JP Morgan Chase Cash 1,918,608
02-22-22 JP Morgan Chase Cash 3,438,132
02-23-22 JP Morgan Chase Cash 1,134,492
02-25-22 JP Morgan Chase Cash 27,967,434
02-28-22 JP Morgan Chase Cash 6,015,868
02-28-22 Fidelity Fund 4,076
02-28-22 Fidelity Fund 2,619
02-28-22 Fidelity Fund 10,433
02-28-22 Fidelity Fund 236,663
02-28-22 Fidelity Fund 12,393
02-28-22 Fidelity Fund 3,580
02-28-22 Fidelity Fund 7,157
TOTAL 94,450,678
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-01-22 JP Morgan Chase Cash 4,329,593
02-02-22 JP Morgan Chase Cash 2,150,552
02-03-22 JP Morgan Chase Cash 1,438,599
02-04-22 JP Morgan Chase Cash 1,512,424
02-07-22 JP Morgan Chase Cash 8,673,403
02-08-22 JP Morgan Chase Cash 10,962,099
02-09-22 JP Morgan Chase Cash 6,502,567
02-10-22 JP Morgan Chase Cash 2,324,918
02-10-22 Fidelity Fund 279,931
02-11-22 JP Morgan Chase Cash 1,078,938
02-14-22 JP Morgan Chase Cash 474
02-14-22 JP Morgan Chase Cash 1,804,242
02-15-22 JP Morgan Chase Cash 3,740,123
02-16-22 JP Morgan Chase Cash 5,064,225
02-17-22 JP Morgan Chase Cash 1,581,735
02-18-22 JP Morgan Chase Cash 1,846,328
02-22-22 JP Morgan Chase Cash 17,350,010
02-23-22 JP Morgan Chase Cash 4,555,953
02-24-22 JP Morgan Chase Cash 15,111,362
02-24-22 Fidelity Fund 500,023
02-25-22 JP Morgan Chase Cash 494,373
02-28-22 JP Morgan Chase Cash 3,214,580
TOTAL 94,516,452
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 10,433
TOTAL 10,433
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 2,619
TOTAL 2,619
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
MATURITIES
02-02-22 22,348 Walgreens Drugs/Adahi, Inc 100.00 22,348 100.00 22,348 0
6.500% Due 05-01-24
02-15-22 82 Gnma Pool #439515 98.06 80 100.00 82 2
7.000% Due 03-15-27
02-15-22 9,760 Gnma Pool #550718 97.31 9,498 100.00 9,760 262
5.000% Due 11-15-35
02-15-22 38 Gnma Pool #320296 98.19 37 101.79 39 1
8.000% Due 03-15-22
02-15-22 36 Gnma Pool #329837 98.47 35 100.00 36 1
7.500% Due 11-15-22
02-15-22 17,009 Gnma Pool #648348 99.66 16,951 100.00 17,009 58
5.500% Due 10-15-35
02-25-22 162 Fannie Mae Pool #256393 99.67 162 100.00 162 1
6.000% Due 09-01-36
TOTAL 49,111 49,436 325
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
EXPENSES
02-02-22 Portfolio Investment Fees Payable 56
TOTAL 56
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 213,155
TOTAL 213,155
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 12,405
TOTAL 12,405
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
PURCHASES
02-08-22 2,200 Spdr Tr Unit Ser 1 450.26 990,581
TOTAL 990,581
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss SALES
02-02-22 5,350 Paypal Hldgs Inc Com 73.72 394,383 132.13 706,870 312,487 TOTAL 394,383 706,870 312,487
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 10,938
TOTAL 10,938
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
PURCHASES
02-17-22 88,000 Ishares Msci Acwi Us Etf 54.47 4,793,254 TOTAL 4,793,254
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss SALES
02-17-22 29,100 Ishares MSCI Eafe ETF 71.73 2,087,274 75.92 2,209,249 121,975 02-17-22 43,000 Ishares Inc Core Msci Emkt 55.64 2,392,330 60.18 2,587,585 195,255 TOTAL 4,479,604 4,796,834 317,230
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
WITHDRAWALS
02-28-22 Pool A Cash 0
TOTAL 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
PURCHASES
02-01-22 500,000 Metropolitan Life Global Fdg I 98.68 493,400
1.875% Due 01-11-27
02-01-22 500,000 Federal Farm Credit Bank 100.00 500,000
1.230% Due 02-09-24
02-02-22 500,000 JP Morgan Chase Bank Na 95.40 476,980
1.040% Due 02-04-27
TOTAL 1,470,380
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Taxable
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
CADA 2020 Taxable Bond Proceeds
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
ATTACHMENT F
City of Sacramento
TRANSACTION SUMMARY
Reclamation District No. 1000
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
CONTRIBUTIONS
02-01-22 Pool A Cash 1,130,972
02-11-22 Pool A Cash 10,000,000
TOTAL 11,130,972
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss
PURCHASES
02-22-22 500,000 Comcast Corporation 99.75 498,750
2.350% Due 01-15-27
TOTAL 498,750
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 02-01-22 To 02-28-22
Trade Unit Total Amort. or Unit Total Gain/
Date Quantity Security Cost Co st Accretion Price Proceeds Loss No transactions were found!