City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-02271 2/7/2023 Consent Item 3.
December 2022 Monthly Investment Transactions Report
File ID: 2022-02271
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
Additional 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: 2022-02271 2/7/2023 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 December 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 November 30 was $1,349,641,432, while the market value of the Portfolio on December 31 was $1,423,246,945. The yield of the Portfolio in December was 1.84%. There were 15 total transactions for the period (10 purchases and 5 maturities). The estimated duration of the Portfolio as of December 31, 2022, is 2.28 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 54,107,614$ - $ -$ -$ 54,107,614$
Sales -
-
-
- -
Calls -
-
-
- -
M
aturities 31,792,633 -
-
- 31,792,633
Contr
ibutions 158,426,735 -
-
- 158,426,735
Withdr
awals 87,544,598 -
19,963 8,412 87,572,973
Total 331,871,580$ -$
19,963$ 8,412$ 331,899,955$
Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 59,345$ -$ 59,345$
Sales -
-
32,591 - 32,591
Calls -
-
-
- -
M
aturities 28,584 -
-
- 28,584
Expenses 37
-
-
- 37
Contr
ibutions -
-
-
- -
Withdr
awals 156,416 440,863 350,534 82,513 1,030,326 Total 185,037$ 440,863$ 442,470$ 82,513$ 1,150,883$ City of Sacramento
Summary of Transactions
December-22
ATTACHMENT A
City of Sacramento
Summary of Transactions
December-22
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls - -
Maturities 319,785 319,785
Contributions - -
Withdrawals - -
Total 319,785 $ 319,785$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ - $ - $ - $ -$ Withdrawals - - - 1,400,000 1,400,000 Total - $ - $ - $ 1,400,000$ 1,400,000 $ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ - $ - $ - $ - $ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,269,185 - - 1,269,185 Withdrawals - - 4,500,000 - 32,894 4,532,894 Total - $ - $ 5,769,185$ - $ 32,894$ 5,802,079$ GRAND TOTAL 340,572,702$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-06-22 5,000,000 Johnson & Johnson 97.81 4,890,750
4.600% Due 05-26-23
12-13-22 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.500% Due 12-20-27
12-16-22 5,000,000 Toyota Motor Credit Corp 97.22 4,861,050
0.500% Due 08-14-23
12-16-22 5,000,000 Lvmh Moet Henn essy Lou Vuitton 97.92 4,895,764
4.750% Due 05-23-23
12-16-2210,000,000 MUFG Bank Ltd/NY 97.78 9,777,708
4.850% Due 05-30-23
12-20-22 5,000,000 Pacific Life Short Term 97.98 4,898,822
4.640% Due 05-26-23
12-20-22 5,000,000 Toyota Industries Comm 97.98 4,899,250
4.650% Due 05-25-23
12-22-22 5,000,000 Met Li fe
97.74 4,887,069
4.700% Due 06-13-23
12-22-22 5,000,000 Freddie Mac 100.00 5,000,000
5.100% Due 12-30-24
12-22-22 5,000,000 Federal Home Loan Bank 99.94 4,997,200
4.750% Due 12-27-23
TOTAL 54,107,614
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-13-22 7,000,000 National Australia Bk/NY 100.83 7,058,250 100.00 7,000,000 -58,250
1.875% Due 12-13-22
12-13-22 5,000,000 Natixis NY 100.00 5,000,000 100.00 5,000,000 0
1.830% Due 12-13-22
12-27-2210,000,000 Credit Agricole Corp 98.71 9,871,433 98.71 9,871,433 0
2.030% Due 12-27-22
12-27-22 5,000,000 ING (US) Funding LLC 98.66 4,933,250 98.66 4,933,250 0
2.670% Due 12-27-22
12-28-22 5,000,000 Credit Suisse NY 98.59 4,929,700 98.59 4,929,700 0
2.280% Due 12-28-22
TOTAL 31,792,633 31,734,383 -58,250
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-01-22 JP Morgan Chase Cash 25,946
12-02-22 JP Morgan Chase Cash 1,912,994
12-05-22 JP Morgan Chase Cash 2,637,187
12-06-22 JP Morgan Chase Cash 2,980,368
12-07-22 JP Morgan Chase Cash 4,568,656
12-08-22 JP Morgan Chase Cash 3,005,210
12-09-22 JP Morgan Chase Cash 1,082,007
12-12-22 JP Morgan Chase Cash 2,552,900
12-13-22 JP Morgan Chase Cash 3,065,797
12-14-22 JP Morgan Chase Cash 3,463,361
12-14-22 Fidelity Fund 3,754
12-16-22 JP Morgan Chase Cash 64,217,821
12-19-22 JP Morgan Chase Cash 8,901,237
12-20-22 JP Morgan Chase Cash 2,161,257
12-21-22 JP Morgan Chase Cash 2,900,625
12-23-22 JP Morgan Chase Cash 2,616,187
12-27-22 JP Morgan Chase Cash 22,172,944
12-28-22 JP Morgan Chase Cash 21,211,059
12-28-22 JP Morgan Chase Cash 12,918
12-29-22 JP Morgan Chase Cash 4,859,702
12-30-22 JP Morgan Chase Cash 3,026,958
12-30-22 Fidelity Fund 14,955
12-30-22 Fidelity Fund 8,412
12-30-22 Fidelity Fund 19,963
12-30-22 Fidelity Fund 159,178
12-30-22 Fidelity Fund 440,863
12-30-22 Fidelity Fund 82,513
12-30-22 Fidelity Fund 321,961
TOTAL 158,426,735
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-01-22 JP Morgan Chase Cash 5,034,250
12-01-22 Fidelity Fund 1,832
12-02-22 JP Morgan Chase Cash 554,182
12-05-22 JP Morgan Chase Cash 1,583,508
12-05-22 Fidelity Fund 25,000
12-06-22 JP Morgan Chase Cash 1,921,599
12-07-22 JP Morgan Chase Cash 1,033,243
12-08-22 JP Morgan Chase Cash 2,257,164
12-09-22 JP Morgan Chase Cash 2,000,000
12-09-22 JP Morgan Chase Cash 925,334
12-12-22 JP Morgan Chase Cash 1,812,968
12-13-22 JP Morgan Chase Cash 11,600,233
12-14-22 JP Morgan Chase Cash 5,334,840
12-15-22 JP Morgan Chase Cash 5,902,522
12-16-22 JP Morgan Chase Cash 4,464,084
12-19-22 JP Morgan Chase Cash 4,574,570
12-20-22 JP Morgan Chase Cash 2,537,665
12-21-22 JP Morgan Chase Cash 1,400,000
12-21-22 JP Morgan Chase Cash 2,378,921
12-22-22 JP Morgan Chase Cash 3,465,639
12-23-22 JP Morgan Chase Cash 2,500,000
12-23-22 JP Morgan Chase Cash 1,949,176
12-27-22 JP Morgan Chase Cash 14,810,533
12-28-22 JP Morgan Chase Cash 6,238,870
12-29-22 JP Morgan Chase Cash 1,671,858
12-30-22 JP Morgan Chase Cash 1,566,605
TOTAL 87,544,598
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 19,963
TOTAL 19,963
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 8,412
TOTAL 8,412
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-01-22 23,588 Walgreens Drugs/Adahi, Inc 100.00 23,588 100.00 23,588 0
6.500% Due 05-01-24
12-15-22 87 Gnma Pool #439515 98.06 85 100.00 87 2
7.000% Due 03-15-27
12-15-22 4,485 Gnma Pool #550718 97.31 4,365 100.00 4,485 121
5.000% Due 11-15-35
12-15-22 405 Gnma Pool #648348 99.66 404 100.00 405 1
5.500% Due 10-15-35
12-27-22 143 Fannie Mae Pool #256393 99.67 143 100.00 143 0
6.000% Due 09-01-36
TOTAL 28,584 28,708 124
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
12-01-22 Portfolio Investment Fees Payable 37
TOTAL 37
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 156,416
TOTAL 156,416
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 440,863
TOTAL 440,863
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-02-22 200 Select Sector Cll Opt 99.0000 12162022 0.18 3,554 12-02-22 -200 Select Sector Cll Opt 101.0000
01202023
0.71 -14,196
12-05-22 100 Spdr S&p 500 E Cll Opt425.0000
12162022
0.31 3,073
12-05-22 -100 Spdr S&p 500 E Cll Opt425.0000
01202023
2.20 -22,040
12-06-22 50 Vaneck Etf Tru Cll Opt235.0000
12162022
0.83 4,172
12-06-22 -50 Vaneck Etf Tru Cll Opt240.0000
01202023
2.29 -11,433
12-08-22 -70 Amazon Com Inc Cll Opt107.0000
01202023
0.80 -5,634
12-08-22 -60 Ishares Tr Cll Opt 198.0000 01202023 1.02 -6,119 12-08-22 200 Select Sector Cll Opt 101.0000
01202023
0.19 3,754
12-08-22 -200 Select Sector Cll Opt 145.0000
01202023
0.68 -13,612
12-13-22 33 Mastercard Inc Cll Opt375.0000
12162022
0.46 1,510
12-13-22 21 Unitedhealth G Cll Opt560.0000
12162022
0.31 646
12-14-22 -100 Alphabet Inc Cll Opt 107.5000
01202023
0.76 -7,598
12-15-22 60 Ishares Tr Cll Opt 198.0000 01202023 0.21 1,246 12-15-22 40 Meta Platforms Cll Opt120.0000
12162022
0.56 2,223
12-15-22 -40 Meta Platforms Cll Opt135.0000
01202023
1.38 -5,503
12-15-22 100 Vaneck Etf Tru Cll Opt225.0000
12162022
0.20 1,961
12-15-22 -100 Vaneck Etf Tru Cll Opt250.0000
01202023
0.58 -5,802
12-16-22 100 Spdr S&p 500 E Cll Opt425.0000
01202023
0.30 2,977
12-20-22 100 Alphabet Inc Cll Opt 107.5000
01202023
0.15 1,477
12-20-22 200 Select Sector Cll Opt 145.0000
01202023
0.12 2,330
12-22-22 70 Amazon Com Inc Cll Opt107.0000
01202023
0.16 1,104
12-22-22 50 Vaneck Etf Tru Cll Opt240.0000
01202023
0.28 1,388
12-22-22 100 Vaneck Etf Tru Cll Opt250.0000
01202023
0.12 1,177
TOTAL -59,345
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-02-22 0 Select Sector Cll Opt 99.0000 12162022 0.00 3,554 0.00 15,632 12,078 12-05-22 0 Spdr S&p 500 E Cll Opt425.0000
12162022
0.00 3,073 0.00 11,598 8,525
12-06-22 0 Vaneck Etf Tru Cll Opt235.0000
12162022
0.00 4,172 0.00 21,609 17,436
12-08-22 0 Select Sector Cll Opt 101.0000
01202023
0.00 3,754 0.00 14,196 10,442
12-13-22 0 Mastercard Inc Cll Opt375.0000
12162022
0.00 1,510 0.00 7,688 6,178
12-13-22 0 Unitedhealth G Cll Opt560.0000
12162022
0.00 646 0.00 4,997 4,351
12-15-22 0 Ishares Tr Cll Opt 198.0000 01202023 0.00 1,246 0.00 6,119 4,873 12-15-22 0 Meta Platforms Cll Opt120.0000
12162022
0.00 2,223 0.00 5,699 3,476
12-15-22 0 Vaneck Etf Tru Cll Opt225.0000
12162022
0.00 1,961 0.00 14,326 12,365
12-16-22 0 Spdr S&p 500 E Cll Opt425.0000
01202023
0.00 2,977 0.00 22,040 19,063
12-20-22 0 Alphabet Inc Cll Opt 107.5000
01202023
0.00 1,477 0.00 7,598 6,121
12-20-22 0 Select Sector Cll Opt 145.0000
01202023
0.00 2,330 0.00 13,612 11,282
12-22-22 0 Amazon Com Inc Cll Opt107.0000
01202023
0.00 1,104 0.00 5,634 4,530
12-22-22 0 Vaneck Etf Tru Cll Opt240.0000
01202023
0.00 1,388 0.00 11,433 10,044
12-22-22 0 Vaneck Etf Tru Cll Opt250.0000
01202023
0.00 1,177 0.00 5,802 4,625
TOTAL 32,591 167,982 135,391
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 350,534
TOTAL 350,534
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-22 Pool A Cash 82,513
TOTAL 82,513
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-13-22 315,000 National Australia Bk/NY 101.52 319,785 100.00 315,000 -4,785
1.875% Due 12-13-22
TOTAL 319,785 315,000 -4,785
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-21-22 Pool A Cash 1,400,000
TOTAL 1,400,000
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-01-22 Pool A Cash 1,189,305
12-16-22 Pool A Cash 79,880
TOTAL 1,269,185
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-09-22 Pool A Cash 2,000,000
12-23-22 Pool A Cash 2,500,000
TOTAL 4,500,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 12-01-22 To 12-31-22
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 12-01-22 To 12-31-22
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-12-22 Pool A Cash 32,894
TOTAL 32,894