City of Sacramento
City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01286 8/9/2022 Consent Item 4.
June 2022 Monthly Investment Transactions Report
File ID: 2022-01286
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.
City of Sacramento Page 1 of 2
File ID: 2022-01286 8/9/2022 Consent Item 4.
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 June 21, 2022, 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 June 30, 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 May 31 was $1,498,648,588, while the market value of the Portfolio on June 30 was $1,548,082,168. The yield of the Portfolio in June was 1.15%. There were 17 total transactions for the period (12 purchases, 2 sales and 3 maturities). The estimated duration of the Portfolio as of June 30, 2022, is 2.45 years.
Local Business Enterprise (LBE): Not applicable.
City of Sacramento Page 2 of 2
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 79,420,971$ -$ -$ -$ 79,420,971$
Sales 30,000,000 - - - 30,000,000
Calls - - - - -
Maturities 19,592,397 - - - 19,592,397
Contributions 153,996,680 - - - 153,996,680
Withdrawals 97,654,864 - 19,829 7,152 97,681,845 Total 380,664,912$ -$ 19,829$ 7,152$ 380,691,893$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 1,976,740$ -$ -$ -$ 1,976,740$
Sales - - 5,516,441 5,516,441
Calls - - - - -
Maturities 25,080 - - - 25,080
Expenses 48 - - - 48
Contributions 3,000,000 - - - 3,000,000
Withdrawals 108,224 366,333 573,591 6,017,381 7,065,529 Total 5,110,092$ 366,333$ 573,591$ 11,533,822$ 17,583,838$ City of Sacramento
Summary of Transactions
June-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
June-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 500,000$ 500,000$
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 - - 2,000,000 - - 2,000,000 Total -$ -$ 3,130,972$ -$ -$ 3,130,972$ GRAND TOTAL 401,906,703$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-06-22 5,000,000 Massmutual Global Funding 99.16 4,958,250
2.950% Due 01-11-25
06-06-22 2,500,000 Roche Holdings Inc 97.15 2,428,875
2.625% Due 05-15-26
06-10-22 5,000,000 Banco Santander S.A. 99.67 4,983,600
3.892% Due 05-24-24
06-10-22 2,000,000 Connecticut State 99.57 1,991,480
3.631% Due 06-15-27
06-15-22 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.700% Due 06-30-27
06-16-22 2,500,000 Cargill Inc 98.48 2,462,100
3.500% Due 04-22-25
06-16-22 3,000,000 Federal Farm Credit Bank 100.00 3,000,000
4.400% Due 06-22-26
06-17-22 5,000,000 Burlington Northn Sant a Fe
99.85 4,992,340
3.650% Due 09-01-25
06-24-2230,000,000 Safe Credit Union CD 100.00 30,000,000
2.974% Due 06-24-25
06-27-2210,000,000 Societe Generale 97.78 9,778,100
3.170% Due 03-07-23
06-30-22 5,000,000 ING (US) Funding LLC 98.66 4,933,250
2.670% Due 12-27-22
06-30-22 5,000,000 ING (US) Funding LLC 97.86 4,892,976
3.070% Due 03-08-23
TOTAL 79,420,971
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
06-24-2215,000,000 Safe Credit Union CD 100.00 15,000,000 100.00 15,000,000 0
0.690% Due 09-17-26
06-24-2215,000,000 Safe Credit Union CD 100.00 15,000,000 100.00 15,000,000 0
0.690% Due 09-17-26
TOTAL 30,000,000 30,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-08-22 4,600,000 Royal Bank of Canada 100.00 4,600,000 100.00 4,600,000 0
1.696% Due 06-08-22
06-14-2210,000,000 Lloyds Bank Corp Mkts/NY 100.00 10,000,000 100.00 10,000,000 0
0.200% Due 06-14-22
06-28-22 5,000,000 Barclays Bank Plc 99.85 4,992,397 99.85 4,992,397 0
0.230% Due 06-28-22
TOTAL 19,592,397 19,592,397 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-01-22 JP Morgan Chase Cash 25,935
06-01-22 JP Morgan Chase Cash 2,277,831
06-03-22 JP Morgan Chase Cash 2,337,076
06-06-22 JP Morgan Chase Cash 3,368,798
06-08-22 JP Morgan Chase Cash 3,383,064
06-09-22 JP Morgan Chase Cash 4,745,479
06-10-22 JP Morgan Chase Cash 2,387,439
06-13-22 JP Morgan Chase Cash 3,150,505
06-13-22 Fidelity Fund 5,691,175
06-14-22 JP Morgan Chase Cash 9,636,837
06-15-22 JP Morgan Chase Cash 5,891,963
06-16-22 JP Morgan Chase Cash 2,177,399
06-17-22 JP Morgan Chase Cash 3,742,851
06-21-22 JP Morgan Chase Cash 5,808,328
06-21-22 Fidelity Fund 901,666
06-22-22 JP Morgan Chase Cash 6,301,254
06-23-22 JP Morgan Chase Cash 7,828,487
06-24-22 JP Morgan Chase Cash 3,982,348
06-27-22 JP Morgan Chase Cash 21,222,702
06-28-22 JP Morgan Chase Cash 104,416
06-29-22 JP Morgan Chase Cash 2,459,761
06-30-22 JP Morgan Chase Cash 55,558,099
06-30-22 Fidelity Fund 13,606
06-30-22 Fidelity Fund 7,152
06-30-22 Fidelity Fund 19,829
06-30-22 Fidelity Fund 43,041
06-30-22 Fidelity Fund 366,333
06-30-22 Fidelity Fund 317,381
06-30-22 Fidelity Fund 245,924
TOTAL 153,996,680
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-01-22 JP Morgan Chase Cash 7,298,363
06-02-22 JP Morgan Chase Cash 10,403,821
06-03-22 JP Morgan Chase Cash 2,577,570
06-06-22 JP Morgan Chase Cash 1,821,949
06-07-22 JP Morgan Chase Cash 4,117,197
06-08-22 JP Morgan Chase Cash 1,204,299
06-09-22 JP Morgan Chase Cash 1,361,284
06-10-22 JP Morgan Chase Cash 907,082
06-13-22 JP Morgan Chase Cash 7,153,290
06-14-22 JP Morgan Chase Cash 12,190,051
06-15-22 JP Morgan Chase Cash 5,674,859
06-16-22 JP Morgan Chase Cash 1,307,103
06-16-22 Fidelity Fund 1,912,364
06-17-22 JP Morgan Chase Cash 2,260,462
06-21-22 JP Morgan Chase Cash 3,967,917
06-22-22 JP Morgan Chase Cash 1,836,100
06-23-22 JP Morgan Chase Cash 1,535,147
06-24-22 JP Morgan Chase Cash 2,000,000
06-24-22 JP Morgan Chase Cash 1,510,805
06-27-22 JP Morgan Chase Cash 2,348,661
06-28-22 JP Morgan Chase Cash 14,606,043
06-29-22 JP Morgan Chase Cash 7,754,471
06-30-22 JP Morgan Chase Cash 1,906,027
TOTAL 97,654,864
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-22 Pool A Cash 19,829
TOTAL 19,829
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-22 Pool A Cash 7,152
TOTAL 7,152
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-14-22 500,000 Dollar Tree Inc 98.32 491,580
4.000% Due 05-15-25
06-14-22 500,000 General Mills Inc 99.56 497,815
4.000% Due 04-17-25
06-14-22 500,000 Mcdonalds Corp 98.25 491,230
3.700% Due 01-30-26
06-14-22 500,000 Raytheon Technologies Corp 99.22 496,115
3.950% Due 08-16-25
TOTAL 1,976,740
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-01-22 22,836 Walgreens Drugs/Adahi, Inc 100.00 22,836 100.00 22,836 0
6.500% Due 05-01-24
06-15-22 84 Gnma Pool #439515 98.06 82 100.00 84 2
7.000% Due 03-15-27
06-15-22 1,624 Gnma Pool #550718 97.31 1,581 100.00 1,624 44
5.000% Due 11-15-35
06-15-22 37 Gnma Pool #329837 98.47 36 100.00 37 1
7.500% Due 11-15-22
06-15-22 393 Gnma Pool #648348 99.66 392 100.00 393 1
5.500% Due 10-15-35
06-27-22 154 Fannie Mae Pool #256393 99.67 154 100.00 154 1
6.000% Due 09-01-36
TOTAL 25,080 25,128 48
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
06-01-22 Portfolio Investment Fees Payable 48
TOTAL 48
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-15-22 Pool A Cash 3,000,000
TOTAL 3,000,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-22 Pool A Cash 108,224
TOTAL 108,224
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-22 Pool A Cash 366,333
TOTAL 366,333
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-21-22 Pool A Cash 300,000
06-30-22 Pool A Cash 273,591
TOTAL 573,591
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
06-09-22 119,000 Ishares Msci Acwi Us Etf 46.36 5,516,441 47.83 5,691,175 174,734 TOTAL 5,516,441 5,691,175 174,734
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-15-22 Pool A Cash 3,000,000
06-21-22 Pool A Cash 2,700,000
06-30-22 Pool A Cash 317,381
TOTAL 6,017,381
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-15-22 500,000 Federal Home Loan Bank 100.00 500,000
4.700% Due 06-30-27
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-01-22 Pool A Cash 1,130,972
TOTAL 1,130,972
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-24-22 Pool A Cash 2,000,000
TOTAL 2,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 06-01-22 To 06-30-22
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 06-01-22 To 06-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!