City of Sacramento
City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01287 8/30/2022 Consent Item 4.
July 2022 Monthly Investment Transactions Report
File ID: 2022-01287
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: 2022-01287 8/30/2022 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 July 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 June 30 was $1,548,082,168, while the market value of the Portfolio on July 31 was $1,428,845,433. The yield of the Portfolio in July was 1.33%. There were 14 total transactions for the period (5 purchases and 9 maturities). The estimated duration of the Portfolio as of July 31, 2022, is
2.5 years.
Local Business Enterprise (LBE): Not applicable.
City of Sacramento Page 2 of 2
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 27,758,363$ -$ -$ -$ 27,758,363$
Sales - - - - -
Calls - - - - -
Maturities 75,888,549 - - - 75,888,549
Contributions 70,222,885 - 6,843 - 70,229,728 Withdrawals 200,172,745 - 16,013 2,066 200,190,824 Total 374,042,542$ -$ 22,856$ 2,066$ 374,067,464$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 1,050,413$ -$ 540,139$ -$ 1,590,552$ Sales - - - - -
Calls - - - - -
Maturities 25,826 - - - 25,826
Expenses 47 - - - 47
Contributions - - - - -
Withdrawals 348,475 14,033 273,591 122 636,221 Total 1,424,761$ 14,033$ 813,730$ 122$ 2,252,646$ City of Sacramento
Summary of Transactions
July-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
July-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,000,000$ 1,000,000$
Sales - -
Calls - -
Maturities - -
Contributions 419,395 419,395
Withdrawals - -
Total 1,419,395$ 1,419,395$
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 - - 1,189,305 - - 1,189,305 Withdrawals - - 5,500,000 - - 5,500,000 Total -$ -$ 6,689,305$ -$ -$ 6,689,305$ GRAND TOTAL 384,428,810$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-05-22 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.000% Due 07-24-25
07-07-22 3,000,000 Ralph Lauren Corp 99.68 2,990,280
3.750% Due 09-15-25
07-08-22 5,000,000 Citigroup Global Markets 100.00 5,000,000
4.700% Due 07-21-25
07-08-2210,000,000 Natixis NY 97.68 9,768,083
3.300% Due 03-21-23
07-18-22 5,000,000 Citigroup Global Markets 100.00 5,000,000
3.750% Due 07-20-23
TOTAL 27,758,363
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-01-22 1,000,000 California Earthquake Auth Rev 100.00 1,000,000 100.00 1,000,000 0
1.327% Due 07-01-22
07-12-2210,000,000 LLoyds Bank Corp Mkts/NY 100.00 10,000,000 100.00 10,000,000 0
0.230% Due 07-12-22
07-26-2210,000,000 Toronto Dominion Bank 99.83 9,982,750 99.83 9,982,750 0
0.230% Due 07-26-22
07-27-2210,000,000 Toronto Dominion Bank NY 100.00 10,000,000 100.00 10,000,000 0
0.170% Due 07-27-22
07-27-2210,000,000 Barclays Bank Plc 99.76 9,976,044 99.76 9,976,044 0
0.490% Due 07-27-22
07-27-22 5,000,000 Citigroup Global Mkts 99.83 4,991,567 99.83 4,991,567 0
0.230% Due 07-27-22
07-27-2210,000,000 MUFG Bank Ltd/NY 99.80 9,979,900 99.80 9,979,900 0
0.360% Due 07-27-22
07-27-2210,000,000 Natixis NY 99.79 9,978,982 99.79 9,978,982 0
0.310% Due 07-27-22
07-27-2210,000,000 Societe Generale 99.79 9,979,306 99.79 9,979,306 0
0.355% Due 07-27-22
TOTAL 75,888,549 75,888,549 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-01-22 JP Morgan Chase Cash 25,936
07-01-22 JP Morgan Chase Cash 4,237,680
07-05-22 JP Morgan Chase Cash 2,637,503
07-06-22 JP Morgan Chase Cash 5,400,711
07-07-22 JP Morgan Chase Cash 6,408,708
07-08-22 JP Morgan Chase Cash 3,889,700
07-11-22 JP Morgan Chase Cash 2,610,905
07-12-22 JP Morgan Chase Cash 3,073,661
07-13-22 JP Morgan Chase Cash 4,403,037
07-15-22 JP Morgan Chase Cash 59,970
07-15-22 Fidelity Fund 5,875
07-19-22 JP Morgan Chase Cash 2,003,195
07-20-22 JP Morgan Chase Cash 1,713,082
07-21-22 JP Morgan Chase Cash 4,292,573
07-22-22 JP Morgan Chase Cash 851,413
07-25-22 JP Morgan Chase Cash 22,928,421
07-26-22 JP Morgan Chase Cash 4,118,145
07-29-22 JP Morgan Chase Cash 1,324,389
07-29-22 Fidelity Fund 3,694
07-29-22 Fidelity Fund 2,066
07-29-22 Fidelity Fund 9,169
07-29-22 Fidelity Fund 181,458
07-29-22 Fidelity Fund 14,033
07-29-22 Fidelity Fund 122
07-29-22 Fidelity Fund 27,438
TOTAL 70,222,885
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-01-22 JP Morgan Chase Cash 3,210,809
07-05-22 JP Morgan Chase Cash 3,750,116
07-06-22 JP Morgan Chase Cash 1,567,563
07-07-22 JP Morgan Chase Cash 921,143
07-08-22 JP Morgan Chase Cash 2,000,000
07-08-22 JP Morgan Chase Cash 1,152,782
07-08-22 Fidelity Fund 883,463
07-08-22 Fidelity Fund 539,827
07-11-22 JP Morgan Chase Cash 4,442,611
07-12-22 JP Morgan Chase Cash 11,924,575
07-13-22 JP Morgan Chase Cash 5,282,689
07-14-22 JP Morgan Chase Cash 3,749,078
07-15-22 JP Morgan Chase Cash 1,109,963
07-18-22 JP Morgan Chase Cash 15,650,231
07-19-22 JP Morgan Chase Cash 4,401,595
07-20-22 JP Morgan Chase Cash 4,567,229
07-21-22 JP Morgan Chase Cash 1,265,644
07-22-22 JP Morgan Chase Cash 3,500,000
07-22-22 JP Morgan Chase Cash 3,199,566
07-25-22 JP Morgan Chase Cash 7,717,881
07-26-22 JP Morgan Chase Cash 11,088,041
07-27-22 JP Morgan Chase Cash 8,353,627
07-28-22 JP Morgan Chase Cash 92,820,220
07-29-22 JP Morgan Chase Cash 7,074,090
TOTAL 200,172,745
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-21-22 1,200 Haleon Plc-Sponsored Adr 5.70 6,843
TOTAL 6,843
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-14-22 960 Glaxosmithkline Plc-Sponsored Adr 40.81 6,843 07-31-22 Pool A Cash 9,169
TOTAL 16,013
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-22 Pool A Cash 2,066
TOTAL 2,066
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-06-22 350,000 General Dynamics Corp 99.47 348,145
3.500% Due 04-01-27
07-06-22 350,000 Gilead Sciences Inc 99.42 347,956
3.650% Due 03-01-26
07-06-22 350,000 Mead Johnson Nutrition Company 101.23 354,312
4.125% Due 11-15-25
TOTAL 1,050,413
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-01-22 22,959 Walgreens Drugs/Adahi, Inc 100.00 22,959 100.00 22,959 0
6.500% Due 05-01-24
07-15-22 84 Gnma Pool #439515 98.06 83 100.00 84 2
7.000% Due 03-15-27
07-15-22 1,313 Gnma Pool #550718 97.31 1,278 100.00 1,313 35
5.000% Due 11-15-35
07-15-22 37 Gnma Pool #329837 98.47 37 100.00 37 1
7.500% Due 11-15-22
07-15-22 395 Gnma Pool #648348 99.66 394 100.00 395 1
5.500% Due 10-15-35
07-25-22 1,080 Fannie Mae Pool #256393 99.67 1,076 100.00 1,080 4
6.000% Due 09-01-36
TOTAL 25,826 25,869 42
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
07-01-22 Portfolio Investment Fees Payable 47
TOTAL 47
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-22 Pool A Cash 348,475
TOTAL 348,475
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-22 Pool A Cash 14,033
TOTAL 14,033
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-06-22 4,000 Invesco S&P 500 Equal Weight ETF 135.03 540,139 TOTAL 540,139
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-22 Pool A Cash 273,591
TOTAL 273,591
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-22 Pool A Cash 122
TOTAL 122
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-05-22 500,000 Federal Home Loan Bank 100.00 500,000
4.000% Due 07-24-25
07-08-22 500,000 Citigroup Global Markets 100.00 500,000
4.700% Due 07-21-25
TOTAL 1,000,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-27-22 Fidelity Fund 419,395
TOTAL 419,395
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-01-22 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-08-22 Pool A Cash 2,000,000
07-22-22 Pool A Cash 3,500,000
TOTAL 5,500,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 07-01-22 To 07-31-22
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 07-01-22 To 07-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!