City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-02092 1/10/2023 Consent Item 3.
November 2022 Monthly Investment Transactions Report
File ID: 2022-02092
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.
File ID: 2022-02092 1/10/2023 Consent Item 3.
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 November 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 October 31 was $1,375,080,835, while the market value of the Portfolio on November 30 was $1,349,641,432. The yield of the Portfolio in November was 1.78%. There were 12 total transactions for the period (3 purchases, 1 call and 8 maturities). The estimated duration of the Portfolio as of November 30, 2022, is 2.36 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 15,020,345$ -$ -$ -$ 15,020,345$
Sales - - - - -
Calls 5,000,000 - - - 5,000,000
Maturities 53,278,526 - - - 53,278,526
Contributions 76,380,004 - - - 76,380,004
Withdrawals 115,768,721 - 15,953 2,505 115,787,179 Total 265,447,596$ -$ 15,953$ 2,505$ 265,466,054$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 2,473,467$ -$ 8,150$ -$ 2,481,617$ Sales - - 108,280 - 108,280
Calls - - - - -
Maturities 25,154 - - - 25,154
Expenses 39 - - - 39
Contributions 2,400,000 - - - 2,400,000
Withdrawals 451,461 3,514,576 3,906,972 1,000,000 8,873,009 Total 5,350,121$ 3,514,576$ 4,023,402$ 1,000,000$ 13,888,099$ City of Sacramento
Summary of Transactions
November-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
November-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls - -
Maturities 1,911,021 1,911,021
Contributions - -
Withdrawals 10,000,000 10,000,000
Total 11,911,021$ 11,911,021$
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 - - 4,500,000 - - 4,500,000 Total -$ -$ 5,689,305$ -$ -$ 5,689,305$ GRAND TOTAL 296,954,479$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-08-22 5,000,000 MUFG Bank Ltd/NY 97.33 4,866,572
4.930% Due 05-16-23
11-29-22 5,372,000 Met Li fe
98.05 5,267,437
4.610% Due 05-02-23
11-30-22 5,000,000 MUFG Bank Ltd/NY 97.73 4,886,336
4.930% Due 05-16-23
TOTAL 15,020,345
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
11-25-22 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
6.000% Due 10-25-27
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-2210,000,000 Cooperatieve Rabo bank NY 99.25 9,925,383 99.25 9,925,383 0
1.110% Due 11-01-22
11-01-22 685,000 California St Univ Rev 100.00 685,000 100.00 685,000 0
2.020% Due 11-01-22
11-15-22 2,814,000 Bank Nova Scotia B C 101.20 2,847,768 100.00 2,814,000 -33,768
2.000% Due 11-15-22
11-15-2210,000,000 Banco Santande r SA 99.11 9,911,453 99.11 9,911,453 0
1.270% Due 11-15-22
11-21-22 5,000,000 Australia & New Zeala Bkg Grp NY 102.03 5,101,450 100.00 5,000,000 -101,450
2.050% Due 11-21-22
11-28-2210,000,000 Banco Santande r SA 98.86 9,885,817 98.86 9,885,817 0
1.860% Due 11-28-22
11-28-2210,000,000 Ing US Funding LLC 98.85 9,885,456 98.85 9,885,456 0
1.690% Due 11-28-22
11-29-22 5,000,000 Amazon Com Inc 100.72 5,036,200 100.00 5,000,000 -36,200
2.500% Due 11-29-22
TOTAL 53,278,526 53,107,108 -171,418
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-22 JP Morgan Chase Cash 25,944
11-01-22 JP Morgan Chase Cash 3,717,706
11-01-22 Fidelity Fund 3,515,437
11-01-22 Fidelity Fund 1,006,486
11-01-22 Fidelity Fund 3,030,053
11-02-22 JP Morgan Chase Cash 2,780,101
11-04-22 JP Morgan Chase Cash 5,851,659
11-07-22 JP Morgan Chase Cash 3,350,963
11-08-22 JP Morgan Chase Cash 3,634,783
11-09-22 JP Morgan Chase Cash 2,435,062
11-10-22 JP Morgan Chase Cash 3,045,951
11-14-22 Fidelity Fund 2,812
11-15-22 JP Morgan Chase Cash 801,259
11-16-22 JP Morgan Chase Cash 1,711,546
11-18-22 JP Morgan Chase Cash 4,829,136
11-21-22 JP Morgan Chase Cash 1,887,657
11-22-22 JP Morgan Chase Cash 4,934,851
11-23-22 JP Morgan Chase Cash 893,290
11-25-22 JP Morgan Chase Cash 2,605,083
11-29-22 JP Morgan Chase Cash 25,769,844
11-29-22 Fidelity Fund 4,424
11-29-22 Fidelity Fund 2,505
11-29-22 Fidelity Fund 15,953
11-29-22 Fidelity Fund 265
11-29-22 Fidelity Fund 14,549
11-29-22 Fidelity Fund 61,050
11-30-22 JP Morgan Chase Cash 451,634
TOTAL 76,380,004
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-22 JP Morgan Chase Cash 13,824,618
11-02-22 JP Morgan Chase Cash 7,368,989
11-03-22 JP Morgan Chase Cash 1,465,240
11-04-22 JP Morgan Chase Cash 2,000,000
11-04-22 JP Morgan Chase Cash 1,128,800
11-04-22 Fidelity Fund 401,539
11-07-22 JP Morgan Chase Cash 1,190,856
11-07-22 Fidelity Fund 983,173
11-08-22 JP Morgan Chase Cash 723,250
11-09-22 JP Morgan Chase Cash 1,639,937
11-10-22 JP Morgan Chase Cash 1,388,072
11-14-22 JP Morgan Chase Cash 10,517,436
11-15-22 JP Morgan Chase Cash 10,999,081
11-15-22 Fidelity Fund 10,000
11-16-22 JP Morgan Chase Cash 8,796,641
11-17-22 JP Morgan Chase Cash 3,618,215
11-18-22 JP Morgan Chase Cash 2,500,000
11-18-22 JP Morgan Chase Cash 3,259,268
11-21-22 JP Morgan Chase Cash 2,252,063
11-21-22 Fidelity Fund 638,316
11-22-22 JP Morgan Chase Cash 1,792,168
11-23-22 JP Morgan Chase Cash 929,274
11-25-22 JP Morgan Chase Cash 2,060,700
11-28-22 JP Morgan Chase Cash 18,015,790
11-29-22 JP Morgan Chase Cash 12,000,319
11-30-22 JP Morgan Chase Cash 6,264,976
TOTAL 115,768,721
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-22 Pool A Cash 15,953
TOTAL 15,953
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-22 Pool A Cash 2,505
TOTAL 2,505
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-03-22 500,000 Dupont De Nemours Inc 97.82 489,080
4.493% Due 11-15-25
11-03-22 500,000 Ryder Sys Inc 97.16 485,785
4.625% Due 06-01-25
11-03-22 500,000 U.S. Treasury Note 98.94 494,687
4.250% Due 10-15-25
11-17-22 500,000 Cargill Inc 99.88 499,415
4.875% Due 10-10-25
11-17-22 500,000 Lockheed Martin Corp 100.90 504,500
4.950% Due 10-15-25
TOTAL 2,473,467
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-22 23,461 Walgreens Drugs/Adahi, Inc 100.00 23,461 100.00 23,461 0
6.500% Due 05-01-24
11-15-22 86 Gnma Pool #439515 98.06 85 100.00 86 2
7.000% Due 03-15-27
11-15-22 1,084 Gnma Pool #550718 97.31 1,055 100.00 1,084 29
5.000% Due 11-15-35
11-15-22 7 Gnma Pool #329837 98.47 7 106.75 8 1
7.500% Due 11-15-22
11-15-22 403 Gnma Pool #648348 99.66 402 100.00 403 1
5.500% Due 10-15-35
11-25-22 145 Fannie Mae Pool #256393 99.67 144 100.00 145 0
6.000% Due 09-01-36
TOTAL 25,154 25,187 33
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
11-01-22 Portfolio Investment Fees Payable 39
TOTAL 39
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-02-22 Pool A Cash 2,400,000
TOTAL 2,400,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-22 Pool A Cash 451,461
TOTAL 451,461
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-02-22 Pool A Cash 1,100,000
11-02-22 Pool A Cash 2,400,000
11-30-22 Pool A Cash 14,576
TOTAL 3,514,576
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-02-22 70 Apple Inc Cll Opt 170.0000 11182022 0.10 680 11-03-22 60 Ishares Tr Cll Opt 198.0000 11182022 0.16 946 11-03-22 -50 Vaneck Etf Tru Cll Opt202.5000
11182022
1.15 -5,749
11-04-22 100 Spdr S&p 500 E Cll Opt415.0000
11182022
0.10 977
11-09-22 55 Disney Walt Co Cll Opt118.0000
11182022
0.02 97
11-09-22 200 Spdr Ser Tr Cll Opt 67.0000 11182022 0.11 2,154 11-09-22 -40 Meta Platforms Cll Opt120.0000
12162022
1.42 -5,699
11-09-22 100 Vaneck Etf Tru Cll Opt220.0000
11182022
0.23 2,340
11-09-22 -100 Vaneck Etf Tru Cll Opt225.0000
12162022
1.43 -14,326
11-10-22 -60 Ishares Tr Cll Opt 205.0000 12162022 0.68 -4,109 11-10-22 -200 Spdr Ser Tr Cll Opt 70.0000 12162022 0.63 -12,596 11-10-22 -100 Spdr S&p 500 E Cll Opt425.0000
12162022
1.16 -11,598
11-14-22 50 Vaneck Etf Tru Cll Opt202.5000
11182022
18.62 93,092
11-14-22 -50 Vaneck Etf Tru Cll Opt235.0000
12162022
4.32 -21,609
11-15-22 -33 Mastercard Inc Cll Opt375.0000
12162022
2.33 -7,688
11-15-22 30 Mcdonalds Corp Cll Opt277.5000
11182022
0.16 473
11-17-22 -70 Apple Inc Cll Opt 165.0000 12162022 1.04 -7,279 11-17-22 200 Spdr Ser Tr Cll Opt 70.0000 12162022 0.12 2,354 11-18-22 -21 Unitedhealth G Cll Opt560.0000
12162022
2.38 -4,997
11-18-22 200 Select Sector Cll Opt 92.0000 11182022 0.12 2,390 11-18-22 -200 Select Sector Cll Opt 99.0000 12162022 0.78 -15,632 11-21-22 -50 Disney Walt Co Cll Opt105.0000
12162022
1.03 -5,149
11-21-22 60 Ishares Tr Cll Opt 205.0000 12162022 0.16 946 11-30-22 70 Apple Inc Cll Opt 165.0000 12162022 0.08 544 11-30-22 50 Disney Walt Co Cll Opt105.0000
12162022
0.26 1,288
TOTAL -8,150
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-02-22 0 Apple Inc Cll Opt 170.0000 11182022 0.00 680 0.00 4,548 3,868 11-03-22 0 Ishares Tr Cll Opt 198.0000 11182022 0.00 946 0.00 6,178 5,232 11-04-22 0 Spdr S&p 500 E Cll Opt415.0000
11182022
0.00 977 0.00 11,747 10,770
11-09-22 0 Disney Walt Co Cll Opt118.0000
11182022
0.00 97 0.00 4,368 4,271
11-09-22 0 Spdr Ser Tr Cll Opt 67.0000 11182022 0.00 2,154 0.00 7,938 5,784 11-09-22 0 Vaneck Etf Tru Cll Opt220.0000
11182022
0.00 2,340 0.00 6,947 4,607
11-14-22 0 Vaneck Etf Tru Cll Opt202.5000
11182022
0.00 93,092 0.00 5,749 -87,343
11-15-22 0 Mcdonalds Corp Cll Opt277.5000
11182022
0.00 473 0.00 3,449 2,976
11-17-22 0 Spdr Ser Tr Cll Opt 70.0000 12162022 0.00 2,354 0.00 12,596 10,242 11-18-22 0 Select Sector Cll Opt 92.0000 11182022 0.00 2,390 0.00 23,194 20,804 11-21-22 0 Ishares Tr Cll Opt 205.0000 12162022 0.00 946 0.00 4,109 3,163 11-30-22 0 Apple Inc Cll Opt 165.0000 12162022 0.00 544 0.00 7,279 6,735 11-30-22 0 Disney Walt Co Cll Opt105.0000
12162022
0.00 1,288 0.00 5,149 3,861
TOTAL 108,280 103,250 -5,030
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-02-22 Pool A Cash 3,900,000
11-30-22 Pool A Cash 6,972
TOTAL 3,906,972
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-02-22 Pool A Cash 1,000,000
TOTAL 1,000,000
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-15-22 400,000 Banco Santander SA 99.11 396,458.11 99.11 396,458.11 0.00
1.270% Due 11-15-22
11-21-22 1,000,000 Australia & New Zeala Bkg Grp NY 102.03 1,020,290.00 100.00 1,000,000.00 -20,290.00
2.050% Due 11-21-22
11-28-22 500,000 Ing US Funding LLC 98.85 494,272.78 98.85 494,272.78 0.00
1.690% Due 11-28-22
TOTAL 1,911,020.89 1,890,730.89 -20,290.00
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-21-22 Caltrust BlackRock FedFund 5,000,000.00
11-21-22 Fidelity Fund 5,000,000.00
TOTAL 10,000,000.00
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-22 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-04-22 Pool A Cash 2,000,000
11-18-22 Pool A Cash 2,500,000
TOTAL 4,500,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 11-01-22 To 11-30-22
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 11-01-22 To 11-30-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!