City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-01288 10/11/2022 Consent Item 6.
August 2022 Monthly Investment Transactions Report
File ID: 2022-01288
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: 2022-01288 10/11/2022 Consent Item 6.
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 August 31, 2022, are listed in Attachments A, B, C, D, E and F.
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 July 31 was $1,428,845,433, while the market value of the Portfolio on August 31 was $1,389,642,796. The yield of the Portfolio in August was 1.48%. There were 14 total transactions for the period (6 purchases and 8 maturities). The estimated duration of the Portfolio as of August 31, 2022, is 2.46 years.
Local Business Enterprise (LBE): Not applicable.
City of Sacramento Page 2 of 2
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 30,530,850$ -$ 258,658$ -$ 30,789,508$ Sales - - 119,595 - 119,595
Calls - - - - -
Maturities 41,610,696 - - - 41,610,696
Contributions 99,981,328 - - - 99,981,328
Withdrawals 124,067,471 - 7,720 2,906 124,078,097 Total 296,190,345$ -$ 385,973$ 2,906$ 296,579,224$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ 1,334,117$ 1,782,856$ -$ 3,116,973$ Sales - 4,243,365 1,296,332 927,133 6,466,830 Calls - - - - -
Maturities 24,943 - - - 24,943
Expenses 45 - - - 45
Contributions - - - - -
Withdrawals 233,625 4,322,215 806,067 900,000 6,261,907 Total 258,613$ 9,899,697$ 3,885,255$ 1,827,133$ 15,870,698$ City of Sacramento
Summary of Transactions
August-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
August-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls 1,024,910 1,024,910
Maturities 242,810 242,810
Contributions - -
Withdrawals - -
Total 1,267,720$ 1,267,720$
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 -$ -$ -$ 250,437$ -$ 250,437$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,328,979 - - 1,328,979 Withdrawals - - 2,000,000 - - 2,000,000 Total -$ -$ 3,328,979$ 250,437$ -$ 3,579,416$ GRAND TOTAL 317,297,058$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-02-2210,000,000 Toronto Dominion Bank 97.81 9,780,550
3.420% Due 03-22-23
08-05-22 5,000,000 Toronto Dominion Bank 97.28 4,863,875
3.630% Due 05-05-23
08-15-22 5,000,000 MUFG Bank Ltd/NY 97.73 4,886,425
3.540% Due 04-04-23
08-17-22 5,000,000 Fannie Mae 100.00 5,000,000
4.125% Due 08-28-25
08-17-22 3,000,000 Massachusetts St Spl Oblig Rev 100.00 3,000,000
3.564% Due 07-15-23
08-17-22 3,000,000 Massachusetts St Spl Oblig Rev 100.00 3,000,000
3.660% Due 01-15-25
TOTAL 30,530,850
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-22 3,000,000 Los Angeles Cnty Calif Pub Wks 116.96 3,508,920 100.00 3,000,000 -508,920
6.091% Due 08-01-22
08-01-22 1,255,000 San Francisco Calif City & Cnt 99.86 1,253,205 100.00 1,255,000 1,795
2.375% Due 08-01-22
08-01-22 5,000,000 San Jose Calif Redev Agy Succe 98.58 4,928,900 100.00 5,000,000 71,100
2.630% Due 08-01-22
08-08-22 5,000,000 International Bk Reco n & Develop 99.75 4,987,472 99.75 4,987,472 0
1.100% Due 08-08-22
08-09-22 7,000,000 MUFG Bank Ltd New York 100.00 7,000,000 100.00 7,000,000 0
0.220% Due 08-09-22
08-09-22 5,000,000 Toronto Dominion Bank 99.70 4,985,037 99.70 4,985,037 0
0.570% Due 08-09-22
08-23-2210,000,000 Natixis NY 99.68 9,968,175 99.68 9,968,175 0
0.570% Due 08-23-22
08-29-22 5,000,000 Credit Suisse NY 99.58 4,978,986 99.58 4,978,986 0
0.850% Due 08-29-22
TOTAL 41,610,696 41,174,671 -436,025
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-22 JP Morgan Chase Cash 25,938
08-01-22 JP Morgan Chase Cash 4,268,546
08-02-22 JP Morgan Chase Cash 4,514,353
08-03-22 JP Morgan Chase Cash 3,441,191
08-04-22 JP Morgan Chase Cash 5,524,122
08-05-22 JP Morgan Chase Cash 18,120,290
08-08-22 JP Morgan Chase Cash 4,388,435
08-09-22 JP Morgan Chase Cash 2,333,250
08-10-22 JP Morgan Chase Cash 1,480,137
08-10-22 Fidelity Fund 1,218,374
08-11-22 JP Morgan Chase Cash 39,075
08-12-22 JP Morgan Chase Cash 1,315,914
08-12-22 Fidelity Fund 3,143,710
08-12-22 Fidelity Fund 839,487
08-12-22 Fidelity Fund 938,157
08-16-22 JP Morgan Chase Cash 3,507,860
08-17-22 JP Morgan Chase Cash 2,492,219
08-18-22 JP Morgan Chase Cash 2,925,142
08-19-22 JP Morgan Chase Cash 4,472,564
08-22-22 JP Morgan Chase Cash 2,952,037
08-23-22 JP Morgan Chase Cash 2,685,731
08-25-22 JP Morgan Chase Cash 1,082,499
08-26-22 JP Morgan Chase Cash 25,465,083
08-31-22 JP Morgan Chase Cash 2,546,376
08-31-22 Fidelity Fund 5,295
08-31-22 Fidelity Fund 2,906
08-31-22 Fidelity Fund 10,156
08-31-22 Fidelity Fund 232,667
08-31-22 Fidelity Fund 6,975
08-31-22 Fidelity Fund 2,840
TOTAL 99,981,328
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-01-22 JP Morgan Chase Cash 3,499,546
08-02-22 JP Morgan Chase Cash 2,295,911
08-03-22 JP Morgan Chase Cash 3,120,164
08-03-22 Fidelity Fund 251,349
08-04-22 JP Morgan Chase Cash 2,238,939
08-05-22 JP Morgan Chase Cash 2,000,000
08-05-22 JP Morgan Chase Cash 889,239
08-08-22 JP Morgan Chase Cash 2,510,124
08-09-22 JP Morgan Chase Cash 12,559,143
08-10-22 JP Morgan Chase Cash 8,164,979
08-10-22 Fidelity Fund 9,266
08-11-22 JP Morgan Chase Cash 2,556,862
08-12-22 JP Morgan Chase Cash 1,984,263
08-15-22 JP Morgan Chase Cash 2,826,628
08-16-22 JP Morgan Chase Cash 1,263,305
08-17-22 JP Morgan Chase Cash 4,503,928
08-18-22 JP Morgan Chase Cash 4,344,912
08-19-22 JP Morgan Chase Cash 5,103,432
08-22-22 JP Morgan Chase Cash 2,515,035
08-23-22 JP Morgan Chase Cash 12,208,073
08-24-22 JP Morgan Chase Cash 8,499,506
08-25-22 JP Morgan Chase Cash 1,237,179
08-26-22 JP Morgan Chase Cash 964,038
08-29-22 JP Morgan Chase Cash 25,606,259
08-30-22 JP Morgan Chase Cash 12,111,844
08-31-22 JP Morgan Chase Cash 803,545
TOTAL 124,067,471
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-04-22 70 Ishares Select Dividend ETF 121.51 8,506
08-17-22 125,000 IBM Corporation 100.53 125,659
4.000% Due 07-27-25
08-17-22 125,000 Sysco Corp 99.59 124,494
3.750% Due 10-01-25
TOTAL 258,658
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-04-22 1,200 Haleon Plc-Sponsored Adr 5.70 6,843 7.35 8,821 1,978 08-16-22 800 Ameren Corp Com 61.28 49,028 96.49 77,189 28,161 08-16-22 500 Colgate Palmolive Co Com 30.86 15,429 81.75 40,876 25,447 08-16-22 200 Mcdonald's Corp 51.56 10,313 265.70 53,141 42,828 08-16-22 850 Raytheon Technologies Com 44.69 37,982 95.37 81,068 43,086 TOTAL 119,595 261,095 141,499
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-22 Pool A Cash 7,720
TOTAL 7,720
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-22 Pool A Cash 2,906
TOTAL 2,906
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-22 23,084 Walgreens Drugs/Adahi, Inc 100.00 23,084 100.00 23,084 0
6.500% Due 05-01-24
08-15-22 85 Gnma Pool #439515 98.06 83 100.00 85 2
7.000% Due 03-15-27
08-15-22 1,226 Gnma Pool #550718 97.31 1,193 100.00 1,226 33
5.000% Due 11-15-35
08-15-22 37 Gnma Pool #329837 98.47 37 100.00 37 1
7.500% Due 11-15-22
08-15-22 398 Gnma Pool #648348 99.66 397 100.00 398 1
5.500% Due 10-15-35
08-25-22 150 Fannie Mae Pool #256393 99.67 150 100.00 150 0
6.000% Due 09-01-36
TOTAL 24,943 24,980 37
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
08-01-22 Portfolio Investment Fees Payable 45
TOTAL 45
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-22 Pool A Cash 233,625
TOTAL 233,625
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-08-22 200 Ishares Tr Russell 1000 Val 155.78 31,157
08-08-22 8,691 Select Sector Spdr Tr Communication 58.28 506,526 08-08-22 6,620 Select Sector Spdr Tr Sbi Cons Stpls 75.15 497,467 08-08-22 2,260 Select Sector Spdr Tr Sbi Healthcare 132.29 298,967 TOTAL 1,334,117
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-08-22 960 Costco Whsl Corp New Com 291.80 280,126 545.38 523,565 243,439 08-08-22 10,000 Spdr Series Trust S&p Bk Etf 39.88 398,770 49.14 491,429 92,659 08-08-22 8,000 Spdr Series Trust Kbw Regn Bk Etf 50.42 403,325 64.38 515,048 111,723 08-08-22 470 Lockheed Martin Corp 135.47 63,672 425.79 200,120 136,448 08-08-22 3,255 Raytheon Technologies Com 66.02 214,881 92.34 300,554 85,673 08-08-22 15,000 Select Sector Spdr Tr Sbi Int-Finl 32.68 490,256 33.93 508,929 18,673 08-10-22 20,000 Ishares Tr Russell 1000 Val 119.62 2,392,335 157.07 3,141,316 748,981 TOTAL 4,243,365 5,680,961 1,437,596
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-10-22 Pool A Cash 1,000,000
08-12-22 Pool A Cash 3,300,000
08-31-22 Pool A Cash 22,215
TOTAL 4,322,215
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-08-22 2,000 Invesco S&P 500 Equal Weight ETF 147.43 294,851 08-08-22 900 Spdr Tr Unit Ser 1 417.22 375,496
08-08-22 5,500 Select Sector Spdr Tr Communication 58.41 321,231 08-08-22 6,000 Select Sector Spdr Tr Sbi Healthcare 131.88 791,278 TOTAL 1,782,856
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-08-22 3,000 Amazon.com Inc. 24.74 74,219 142.81 428,420 354,201 08-08-22 1,600 Ishares Us Home Cons Etf 26.69 42,700 61.94 99,111 56,411 08-08-22 1,000 Unitedhealth Group Inc 295.18 295,179 539.13 539,134 243,955 08-08-22 4,200 Select Sector Spdr Tr Sbi Cons Discr 81.11 340,650 167.93 705,307 364,658 08-10-22 2,000 Spdr Tr Unit Ser 1 271.79 543,583 418.94 837,877 294,294 TOTAL 1,296,332 2,609,850 1,313,518
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-12-22 Pool A Cash 800,000
08-31-22 Pool A Cash 6,067
TOTAL 806,067
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-10-22 20,000 Ishares Msci Acwi Us Etf 46.36 927,133 46.91 938,156 11,024 TOTAL 927,133 938,156 11,024
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-12-22 Pool A Cash 900,000
08-31-22 Pool A Cash 0
TOTAL 900,000
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
08-24-22 1,000,000 BP Cap Markets America 102.49 1,024,910 100.00 1,000,000 -24,910
2.750% Due 05-10-23
TOTAL 1,024,910 1,000,000 -24,910
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-22 245,000 Brea Calif Redev Agy Successor 99.11 242,810 100.00 245,000 2,190
2.250% Due 08-01-22
TOTAL 242,810 245,000 2,190
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
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 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-22 Pool A Cash 1,189,305
08-05-22 Pool A Cash 139,673
TOTAL 1,328,979
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-05-22 Pool A Cash 2,000,000
TOTAL 2,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-02-22 250,000 Federal Home Loan Bank 100.17 250,437
3.125% Due 06-14-24
TOTAL 250,437
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 08-01-22 To 08-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!