City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-02446 3/7/2023 Consent Item 14.
January 2023 Monthly Investment Transactions Report
File ID: 2022-02446
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: 2022-02446 3/7/2023 Consent Item 14.
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 January 31, 2023, 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 December 31 was $1,423,246,945, while the market value of the Portfolio on January 31 was $1,531,092,404. The yield of the Portfolio in January was 2.03%. There were 18 total transactions for the period (15 purchases and 3 maturities). The estimated duration of the Portfolio as of January 31, 2022, is 2.14 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 97,316,840$ -$ 201,298$ -$ 97,518,138$ Sales - - 105,236 - 105,236 Calls - - - - - Maturities 21,696,427 - - - 21,696,427 Contributions 174,381,486 - - - 174,381,486 Withdrawals 79,002,095 - 16,130 2,133 79,020,358 Total 372,396,848$ -$ 322,664$ 2,133$ 372,721,645$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 606,966$ -$ 57,780$ -$ 664,746$ Sales 535,170 819,690 806,159 593,365 2,754,384 Calls - - - - - Maturities 25,604 - - - 25,604 Expenses 35 - - - 35 Contributions - - - - - Withdrawals 358,192 21,410 25,470 96 405,168 Total 1,525,967$ 841,100$ 889,409$ 593,461$ 3,849,937$ City of Sacramento
Summary of Transactions
January-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
January-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls - -
Maturities - -
Contributions 48,251 48,251
Withdrawals - -
Total 548,251$ 548,251$
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 - - 6,342,418 - - 6,342,418 Withdrawals - - 2,521,904 1,250 - 2,523,154 Total -$ -$ 8,864,322$ 1,250$ -$ 8,865,572$ GRAND TOTAL 385,985,405$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-04-2310,000,000 Lloyds Bank Plc 97.65 9,764,617
4.870% Due 06-27-23
01-06-23 5,000,000 Caterpillar Financial Services Corp 100.71 5,035,650
4.800% Due 01-06-26
01-06-23 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.070% Due 01-17-25
01-09-23 5,000,000 International Bk Recon & Develop 98.78 4,939,000
3.000% Due 09-27-23
01-10-23 5,000,000 Ing US Funding LLC 97.56 4,878,119
4.930% Due 07-07-23
01-18-23 5,000,000 Federal Home Loan Bank 98.12 4,906,153
4.660% Due 06-13-23
01-19-23 5,000,000 Barclays Bank Plc 100.00 5,000,000
5.550% Due 01-23-26
01-27-23 5,000,000 JP Morgan Chase Financial Co LLC 100.00 5,000,000
5.000% Due 02-29-24
01-27-23 5,000,000 MUFG Bank Ltd/NY 97.85 4,892,675
4.770% Due 07-11-23
01-30-23 5,000,000 International Bk Recon & Develop 98.29 4,914,750
4.650% Due 06-13-23
01-30-23 5,000,000 International Bk Recon & Develop 98.11 4,905,303
4.670% Due 06-27-23
01-31-2310,000,000 Barclays Bank Plc 97.64 9,764,102
4.850% Due 07-25-23
01-31-2310,000,000 Lloyds Bank Plc 97.65 9,765,333
4.800% Due 07-27-23
01-31-2310,000,000 Metlife Short Term Fund 97.70 9,769,733
4.710% Due 07-27-23
01-31-23 9,000,000 Mitsubishi Ufj Tr&Bk NY 97.57 8,781,405
4.940% Due 07-28-23
TOTAL 97,316,840
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-09-23 2,000,000 US Bank Assn Cincinnati Oh Mtn 100.28 2,005,660 100.00 2,000,000 -5,660
1.950% Due 01-09-23
01-10-2310,000,000 Credit Agricole Corp 98.53 9,852,572 98.53 9,852,572 0
2.230% Due 01-10-23
01-24-2310,000,000 Banco Santande r SA 98.38 9,838,194 98.38 9,838,194 0
2.330% Due 01-24-23
TOTAL 21,696,427 21,690,767 -5,660
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-03-23 JP Morgan Chase Cash 25,948
01-03-23 JP Morgan Chase Cash 2,191,526
01-04-23 JP Morgan Chase Cash 4,614,327
01-05-23 JP Morgan Chase Cash 5,286,175
01-06-23 JP Morgan Chase Cash 2,331,632
01-09-23 JP Morgan Chase Cash 3,665,325
01-10-23 JP Morgan Chase Cash 2,366,670
01-11-23 JP Morgan Chase Cash 885,902
01-12-23 JP Morgan Chase Cash 12,658,165
01-13-23 JP Morgan Chase Cash 879
01-17-23 JP Morgan Chase Cash 2,410,324
01-17-23 Fidelity Fund 5,875
01-18-23 JP Morgan Chase Cash 3,361,755
01-19-23 JP Morgan Chase Cash 4,427,321
01-20-23 JP Morgan Chase Cash 5,413,384
01-23-23 JP Morgan Chase Cash 3,448,094
01-24-23 JP Morgan Chase Cash 19,346,489
01-25-23 JP Morgan Chase Cash 931,268
01-27-23 JP Morgan Chase Cash 765,468
01-30-23 JP Morgan Chase Cash 2,131,119
01-31-23 JP Morgan Chase Cash 97,790,598
01-31-23 Fidelity Fund 4,499
01-31-23 Fidelity Fund 2,133
01-31-23 Fidelity Fund 21,208
01-31-23 Fidelity Fund 290,000
01-31-23 Fidelity Fund 5,400
TOTAL 174,381,486
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-03-23 JP Morgan Chase Cash 4,128,060
01-04-23 JP Morgan Chase Cash 1,344,372
01-05-23 JP Morgan Chase Cash 1,128,765
01-06-23 JP Morgan Chase Cash 1,160,778
01-09-23 JP Morgan Chase Cash 2,940,697
01-10-23 JP Morgan Chase Cash 11,222,122
01-11-23 JP Morgan Chase Cash 6,203,197
01-12-23 JP Morgan Chase Cash 1,533,617
01-13-23 JP Morgan Chase Cash 2,282,605
01-17-23 JP Morgan Chase Cash 3,859,289
01-18-23 JP Morgan Chase Cash 819,306
01-19-23 JP Morgan Chase Cash 1,305,733
01-20-23 JP Morgan Chase Cash 2,500,000
01-20-23 JP Morgan Chase Cash 1,275,204
01-23-23 JP Morgan Chase Cash 4,573,283
01-24-23 JP Morgan Chase Cash 17,069,216
01-25-23 JP Morgan Chase Cash 5,631,797
01-26-23 JP Morgan Chase Cash 5,510,567
01-27-23 JP Morgan Chase Cash 891,852
01-30-23 JP Morgan Chase Cash 1,849,404
01-31-23 JP Morgan Chase Cash 1,772,233
TOTAL 79,002,095
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-06-23 200,000 Caterpillar Financial Services Corp 100.65 201,298
4.800% Due 01-06-26
TOTAL 201,298
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-06-23 200 Lockheed Martin Corp 192.14 38,428 484.18 96,837 58,408 01-06-23 500 Merck & Co Inc (new) 39.89 19,946 114.62 57,311 37,365 01-06-23 1,500 Select Sector Spdr Tr Sbi Int-Finl 31.24 46,862 34.82 52,229 5,367 TOTAL 105,236 206,377 101,141
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 16,130
TOTAL 16,130
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 2,133
TOTAL 2,133
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-06-23 600,000 John Deere Capital Corp 101.16 606,966
4.750% Due 01-20-28
TOTAL 606,966
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-03-23 600,000 Houston Tex Arpt Sys Rev Arpt Sys 89.19 535,170 100.00 600,000 64,830
6.880% Due 01-01-28
TOTAL 535,170 600,000 64,830
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-03-23 23,716 Walgreens Drugs/Adahi, Inc 100.00 23,716 100.00 23,716 0
6.500% Due 05-01-24
01-17-23 87 Gnma Pool #439515 98.06 86 100.00 87 2
7.000% Due 03-15-27
01-17-23 1,208 Gnma Pool #550718 97.31 1,175 100.00 1,208 32
5.000% Due 11-15-35
01-17-23 407 Gnma Pool #648348 99.66 406 100.00 407 1
5.500% Due 10-15-35
01-25-23 223 Fannie Mae Pool #256393 99.67 222 100.00 223 1
6.000% Due 09-01-36
TOTAL 25,604 25,641 36
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
01-03-23 Portfolio Investment Fees Payable 35
TOTAL 35
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 358,192
TOTAL 358,192
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-12-23 6,000 Ishares Tr Russell 1000 Val 119.62 717,700 158.33 950,003 232,303 01-12-23 2,047 Merck & Co Inc (new) 49.82 101,990 112.02 229,301 127,311 TOTAL 819,690 1,179,305 359,614
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 21,410
TOTAL 21,410
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-04-23 -100 Vaneck Etf Tru Cll Opt225.0000
01202023
0.83 -8,298
01-04-23 -100 Spdr S&p 500 E Cll Opt408.0000
01202023
0.39 -3,948
01-06-23 -200 Select Sector Cll Opt 132.0000
01202023
0.40 -8,096
01-17-23 100 Spdr S&p 500 E Cll Opt408.0000
01202023
0.16 1,577
01-18-23 -70 Amazon Com Inc Cll Opt115.0000
02172023
0.87 -6,089
01-18-23 40 Meta Platforms Cll Opt135.0000
01202023
1.30 5,191
01-18-23 200 Select Sector Cll Opt 132.0000
01202023
0.41 8,246
01-19-23 -100 Alphabet Inc Cll Opt 105.0000
02172023
0.79 -7,928
01-19-23 -40 Meta Platforms Cll Opt160.0000
02172023
1.91 -7,659
01-19-23 100 Vaneck Etf Tru Cll Opt225.0000
01202023
0.68 6,799
01-20-23 -50 Ishares Tr Cll Opt 195.0000 02172023 0.80 -4,024 01-20-23 -100 Vaneck Etf Tru Cll Opt250.0000
02172023
0.70 -6,998
01-20-23 -100 Spdr S&p 500 E Cll Opt416.0000
02172023
0.61 -6,148
01-20-23 -200 Select Sector Cll Opt 97.0000 02172023 0.56 -11,196 01-26-23 -70 Apple Inc Cll Opt 155.0000 02172023 0.83 -5,809 01-26-23 -50 Disney Walt Co Cll Opt120.0000
02172023
0.68 -3,399
TOTAL -57,780
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-12-23 1,050 Ishares Russell 2000 ETF 111.14 116,697 184.97 194,214 77,517 01-12-23 500 MasterCard Incorporated 145.31 72,655 381.00 190,500 117,845 01-12-23 1,000 Spdr Tr Unit Ser 1 271.79 271,792 397.69 397,691 125,899 01-12-23 4,000 Select Sector Spdr Tr Communication 49.57 198,296 52.21 208,841 10,545 01-12-23 3,000 Select Sector Spdr Tr Sbi Int-Utils 41.64 124,908 72.14 216,418 91,511 01-17-23 0 Spdr S&p 500 E Cll Opt408.0000
01202023
0.00 1,577 0.00 3,948 2,371
01-18-23 0 Meta Platforms Cll Opt135.0000
01202023
0.00 5,191 0.00 5,503 312
01-18-23 0 Select Sector Cll Opt 132.0000
01202023
0.00 8,246 0.00 8,096 -149
01-19-23 0 Vaneck Etf Tru Cll Opt225.0000
01202023
0.00 6,799 0.00 8,298 1,499
TOTAL 806,159 1,233,509 427,350
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 25,470
TOTAL 25,470
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-12-23 12,800 Ishares Msci Acwi Us Etf 46.36 593,365 48.69 623,264 29,899 TOTAL 593,365 623,264 29,899
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-23 Pool A Cash 96
TOTAL 96
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-19-23 500,000 Barclays Bank Plc 100.00 500,000
5.550% Due 01-23-26
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-27-23 Fidelity Fund 48,251
TOTAL 48,251
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
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 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-02-23 Pool A Cash 1,189,305
01-31-23 Pool A Cash 5,153,113
TOTAL 6,342,418
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-23 Pool A Cash 21,904
01-20-23 Pool A Cash 2,500,000
TOTAL 2,521,904
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-23 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 01-01-23 To 01-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!