City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-00805 May 10, 2022 Consent Item 02
Title: March 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
Description/Analysis
Issue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
Policy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
Economic Impacts: None.
Environmental 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)).
Sustainability: None.
Commission/Committee Action: None.
Rationale 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 March 31, 2022, are listed in Attachments A, B, C, D, E and F.
Financial 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 February 28 was $1,436,720,721, while the market value of the Portfolio on March 31 was $1,408,063,540. The yield of the Portfolio in March was 0.89%.
There were 12 total transactions for the period (8 purchases, 1 call and 3 maturities). The estimated duration of the Portfolio as of March 31, 2022, is 2.68 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 53,196,238$ -$ -$ -$ 53,196,238$
Sales - - - - -
Calls 5,000,000 - - - 5,000,000
Maturities 17,557,114 - - - 17,557,114
Contributions 88,345,534 - - - 88,345,534
Withdrawals 95,633,750 - 19,895 7,027 95,660,672 Total 259,732,636$ -$ 19,895$ 7,027$ 259,759,558$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 200,000$ -$ -$ -$ 200,000$
Sales - - 528,539 880,776 1,409,315 Calls - - - - -
Maturities 25,359 - - - 25,359
Expenses 54 - - - 54
Contributions - - - - -
Withdrawals 181,902 469,593 1,133,937 1,000,000 2,785,432 Total 407,315$ 469,593$ 1,662,476$ 1,880,776$ 4,420,160$ City of Sacramento
Summary of Transactions
March-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
March-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,390,731$ 1,390,731$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 1,390,731$ 1,390,731$
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 -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,130,972 - - 1,130,972 Withdrawals - - - - - - Total -$ -$ 1,130,972$ -$ -$ 1,130,972$ GRAND TOTAL 266,701,421$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-03-22 5,000,000 Credit Suisse NY 99.58 4,978,986
0.850% Due 08-29-22
03-04-2210,000,000 Cooperatiev e Rabobank NY 99.25 9,925,383
1.110% Due 11-01-22
03-04-22 5,000,000 Freddie Mac 100.00 5,000,000
2.050% Due 03-24-25
03-07-22 5,500,000 Schwab Charles Corp 100.00 5,500,000
2.450% Due 03-03-27
03-08-2210,000,000 Banco Santander SA 99.11 9,911,453
1.270% Due 11-15-22
03-25-22 3,000,000 Toyota Motor Credit Corp 99.83 2,994,960
3.000% Due 04-01-25
03-29-2210,000,000 Ing US Funding LLC 98.85 9,885,456
1.690% Due 11-28-22
03-29-22 5,000,000 Freddie Mac 100.00 5,000,000
2.500% Due 04-28-25
TOTAL 53,196,238
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
03-17-22 5,000,000 JP Morgan Chase Bank NA 100.00 5,000,000 100.00 5,000,000 0
0.950% Due 03-17-26
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-01-22 2,495,000 Boeing Co 98.71 2,462,814 100.00 2,495,000 32,185
2.125% Due 03-01-22
03-08-2210,000,000 Societe Generale NY 100.00 10,000,000 100.00 10,000,000 0
0.150% Due 03-08-22
03-15-22 5,000,000 John Deere Capital Corp 101.89 5,094,300 100.00 5,000,000 -94,300
2.750% Due 03-15-22
TOTAL 17,557,114 17,495,000 -62,114
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-22 JP Morgan Chase Cash 25,929
03-01-22 JP Morgan Chase Cash 3,708,087
03-02-22 JP Morgan Chase Cash 4,839,642
03-03-22 JP Morgan Chase Cash 4,608,237
03-04-22 JP Morgan Chase Cash 4,116,319
03-07-22 JP Morgan Chase Cash 6,946,283
03-08-22 JP Morgan Chase Cash 7,000,624
03-09-22 JP Morgan Chase Cash 2,303,596
03-10-22 JP Morgan Chase Cash 1,937,374
03-11-22 JP Morgan Chase Cash 3,913,212
03-14-22 JP Morgan Chase Cash 2,691,553
03-15-22 JP Morgan Chase Cash 397,107
03-16-22 JP Morgan Chase Cash 1,480,196
03-17-22 JP Morgan Chase Cash 2,780,873
03-18-22 JP Morgan Chase Cash 2,788,325
03-21-22 JP Morgan Chase Cash 1,121,210
03-22-22 JP Morgan Chase Cash 3,543,528
03-23-22 JP Morgan Chase Cash 7,516
03-23-22 Fidelity Fund 985,282
03-23-22 Fidelity Fund 894,929
03-25-22 JP Morgan Chase Cash 23,264,467
03-28-22 JP Morgan Chase Cash 2,077,023
03-29-22 JP Morgan Chase Cash 829,450
03-30-22 JP Morgan Chase Cash 1,027,807
03-31-22 JP Morgan Chase Cash 4,395,109
03-31-22 Fidelity Fund 13,212
03-31-22 Fidelity Fund 7,027
03-31-22 Fidelity Fund 19,895
03-31-22 Fidelity Fund 22,691
03-31-22 Fidelity Fund 369,593
03-31-22 Fidelity Fund 229,440
TOTAL 88,345,534
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-01-22 JP Morgan Chase Cash 3,520,622
03-02-22 JP Morgan Chase Cash 1,842,890
03-03-22 JP Morgan Chase Cash 2,287,540
03-04-22 JP Morgan Chase Cash 3,170,346
03-07-22 JP Morgan Chase Cash 2,525,990
03-08-22 JP Morgan Chase Cash 12,004,437
03-09-22 JP Morgan Chase Cash 4,922,176
03-10-22 JP Morgan Chase Cash 1,216,383
03-11-22 JP Morgan Chase Cash 2,576,787
03-14-22 JP Morgan Chase Cash 2,576,585
03-15-22 JP Morgan Chase Cash 3,944,841
03-16-22 JP Morgan Chase Cash 1,757,715
03-16-22 Fidelity Fund 41,317
03-17-22 JP Morgan Chase Cash 4,585,905
03-18-22 JP Morgan Chase Cash 4,552,100
03-21-22 JP Morgan Chase Cash 2,336,223
03-22-22 JP Morgan Chase Cash 12,497,906
03-23-22 JP Morgan Chase Cash 14,682,339
03-24-22 JP Morgan Chase Cash 4,157,546
03-25-22 JP Morgan Chase Cash 1,735,025
03-28-22 JP Morgan Chase Cash 1,976,733
03-29-22 JP Morgan Chase Cash 2,068,000
03-30-22 JP Morgan Chase Cash 2,407,654
03-31-22 JP Morgan Chase Cash 2,246,691
TOTAL 95,633,750
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-22 Pool A Cash 19,895
TOTAL 19,895
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-22 Pool A Cash 7,027
TOTAL 7,027
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-03-22 200,000 Wisconsin St 100.00 200,000
2.614% Due 05-01-32
TOTAL 200,000
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-01-22 22,469 Walgreens Drugs/Adahi, Inc 100.00 22,469 100.00 22,469 0
6.500% Due 05-01-24
03-15-22 82 Gnma Pool #439515 98.06 81 100.00 82 2
7.000% Due 03-15-27
03-15-22 1,249 Gnma Pool #550718 97.31 1,216 100.00 1,249 34
5.000% Due 11-15-35
03-15-22 36 Gnma Pool #329837 98.47 36 100.00 36 1
7.500% Due 11-15-22
03-15-22 584 Gnma Pool #648348 99.66 582 100.00 584 2
5.500% Due 10-15-35
03-25-22 980 Fannie Mae Pool #256393 99.67 977 100.00 980 3
6.000% Due 09-01-36
TOTAL 25,359 25,400 41
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
03-01-22 Portfolio Investment Fees Payable 54
TOTAL 54
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-22 Pool A Cash 181,902
TOTAL 181,902
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-28-22 Pool A Cash 100,000
03-31-22 Pool A Cash 369,593
TOTAL 469,593
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-21-22 2,000 Spdr Tr Unit Ser 1 264.27 528,539 445.22 890,432 361,893 TOTAL 528,539 890,432 361,893
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-28-22 Pool A Cash 900,000
03-31-22 Pool A Cash 233,937
TOTAL 1,133,937
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-21-22 19,000 Ishares Msci Acwi Us Etf 46.36 880,776 51.86 985,282 104,505 TOTAL 880,776 985,282 104,505
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-28-22 Pool A Cash 1,000,000
TOTAL 1,000,000
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-08-22 400,000 Banco Santander SA 99.11 396,458
1.270% Due 11-15-22
03-29-22 500,000 Ing US Funding LLC 98.85 494,273
1.690% Due 11-28-22
03-29-22 500,000 Freddie Mac 100.00 500,000
2.500% Due 04-28-25
TOTAL 1,390,731
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Taxable
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
CADA 2020 Taxable Bond Proceeds
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT F
City of Sacramento
TRANSACTION SUMMARY
Reclamation District No. 1000
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-22 Pool A Cash 1,130,972
TOTAL 1,130,972
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 03-01-22 To 03-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!