City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00097 3/28/2023 Consent Item 8.
February 2023 Monthly Investment Transactions Report
File ID: 2023-00097
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: 2023-00097 3/28/2023 Consent Item 8.
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 February 28, 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 January 31 was $1,531,092,404 while the market value of the Portfolio on February 28 was $1,500,777,028. The yield of the Portfolio in February was 2.35%. There were 12 total transactions for the period (9 purchases and 3 maturities). The estimated duration of the Portfolio as of February 28, 2023, is 2.03 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 53,971,373$ 292,929$ -$ 220,031$ 54,484,333$ Sales - 181,704 - 187,246 368,950
Calls - - - - -
Maturities 19,941,100 - - - 19,941,100
Contributions 84,517,008 - - - 84,517,008
Withdrawals 104,224,815 - 9,170 2,522 104,236,507 Total 262,654,296$ 474,633$ 9,170$ 409,799$ 263,547,898$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 2,504,175$ -$ 64,815$ -$ 2,568,990$ Sales - - 854,382 - 854,382
Calls 6,428,335 - - - 6,428,335
Maturities 25,542 - - - 25,542
Expenses 33 - - - 33
Contributions - - - - -
Withdrawals 298,053 17,075 8,714 1,011 324,853
Total 9,256,138$ 17,075$ 927,911$ 1,011$ 10,202,135$ City of Sacramento
Summary of Transactions
February-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
February-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls - -
Maturities 522,768 522,768
Contributions - -
Withdrawals - -
Total 522,768$ 522,768$
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 - - 11,189,305 - - 11,189,305 Withdrawals - - - - - Total -$ -$ 11,189,305$ -$ -$ 11,189,305$ GRAND TOTAL 285,462,106$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
02-02-23 4,850,000 Natl Sec Clearing Corp 98.05 4,755,223
4.690% Due 07-03-23
02-02-2310,000,000 Toyota Industries Comm 97.57 9,757,167
4.700% Due 08-08-23
02-03-23 5,000,000 Federal Home Loan Bank 100.00 5,000,000
5.000% Due 02-26-24
02-03-23 5,000,000 Fannie Mae 100.00 5,000,000
5.060% Due 02-07-25
02-08-23 5,000,000 Freddie Mac 100.00 5,000,000
5.400% Due 02-24-26
02-24-2310,000,000 Johnson & Johnson 97.90 9,790,050
4.940% Due 07-27-23
02-27-23 5,000,000 Ing US Funding LLC 97.53 4,876,433
5.055% Due 08-22-23
02-27-23 5,000,000 MUFG Bank Ltd/NY 97.95 4,897,292
4.930% Due 07-27-23
02-28-23 5,000,000 Toyota Motor Credit Corp 97.90 4,895,208
5.030% Due 07-28-23
TOTAL 53,971,373
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
02-07-2310,000,000 LLoyds Bank Corp Mkts/NY 100.00 10,000,000 100.00 10,000,000 0
2.500% Due 02-07-23
02-15-23 5,000,000 Toronto Dominion Bank 100.00 5,000,000 100.00 5,000,000 0
4.000% Due 02-15-23
02-22-23 5,000,000 Amazon Com Inc 98.82 4,941,100 100.00 5,000,000 58,900
2.400% Due 02-22-23
TOTAL 19,941,100 20,000,000 58,900
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
02-01-23 JP Morgan Chase Cash 25,950
02-01-23 JP Morgan Chase Cash 3,934,511
02-02-23 JP Morgan Chase Cash 5,646,469
02-06-23 JP Morgan Chase Cash 5,049,418
02-07-23 JP Morgan Chase Cash 3,554,597
02-08-23 JP Morgan Chase Cash 5,401,615
02-10-23 JP Morgan Chase Cash 1,817,236
02-13-23 JP Morgan Chase Cash 2,558,494
02-14-23 JP Morgan Chase Cash 1,929,426
02-15-23 JP Morgan Chase Cash 3,180
02-16-23 JP Morgan Chase Cash 2,276,892
02-17-23 JP Morgan Chase Cash 48
02-21-23 JP Morgan Chase Cash 1,485,857
02-22-23 JP Morgan Chase Cash 2,860
02-23-23 JP Morgan Chase Cash 3,002
02-24-23 JP Morgan Chase Cash 10,000,000
02-24-23 JP Morgan Chase Cash 26,552,687
02-27-23 JP Morgan Chase Cash 4,774,014
02-28-23 JP Morgan Chase Cash 5,439,811
02-28-23 Fidelity Fund 49,610
02-28-23 Fidelity Fund 9,170
02-28-23 Fidelity Fund 27,500
02-28-23 Fidelity Fund 1,212,390
02-28-23 Fidelity Fund 624,371
02-28-23 Fidelity Fund 1,894,901
02-28-23 Fidelity Fund 243,000
TOTAL 84,517,008
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-01-23 JP Morgan Chase Cash 3,149,162
02-02-23 JP Morgan Chase Cash 990,102
02-03-23 JP Morgan Chase Cash 2,161,937
02-06-23 JP Morgan Chase Cash 4,204,475
02-07-23 JP Morgan Chase Cash 12,468,933
02-08-23 JP Morgan Chase Cash 5,682,045
02-09-23 JP Morgan Chase Cash 4,009,976
02-10-23 JP Morgan Chase Cash 2,422,877
02-13-23 JP Morgan Chase Cash 4,478,726
02-14-23 JP Morgan Chase Cash 1,807,943
02-15-23 JP Morgan Chase Cash 3,089,494
02-16-23 JP Morgan Chase Cash 1,736,943
02-17-23 JP Morgan Chase Cash 21,312,811
02-21-23 JP Morgan Chase Cash 15,805,321
02-22-23 JP Morgan Chase Cash 11,787,603
02-23-23 JP Morgan Chase Cash 2,575,205
02-24-23 JP Morgan Chase Cash 2,490,011
02-27-23 JP Morgan Chase Cash 2,686,078
02-27-23 Fidelity Fund 27,102
02-28-23 JP Morgan Chase Cash 1,338,069
TOTAL 104,224,815
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
02-23-23 2,000 Conagra Inc Com 36.46 72,922
02-23-23 880 Gilead Sciences Inc 83.18 73,199
02-23-23 2,900 Intel Corp 25.57 74,167
02-23-23 1,550 Truist Finl Corp Com 46.86 72,640
TOTAL 292,929
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
02-23-23 1,750 Block H & R Inc 20.94 36,647 37.53 65,683 29,036 02-23-23 190 Ishares Tr Russell 1000 Val 129.47 24,599 154.58 29,370 4,771 02-23-23 280 Merck & Co Inc (new) 45.06 12,616 110.01 30,803 18,187 02-23-23 2,000 At&t Inc 22.25 44,505 19.37 38,736 -5,768 02-23-23 450 Select Sector Spdr Tr Sbi Int-Energy 65.94 29,674 84.32 37,945 8,271 02-23-23 850 Select Sector Spdr Tr Sbi Int-Finl 13.41 11,400 35.49 30,170 18,770 02-23-23 430 Select Sector Spdr Tr Sbi Int-Utils 51.77 22,263 66.66 28,664 6,401 TOTAL 181,704 261,372 79,667
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 9,170
TOTAL 9,170
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
02-23-23 880 Gilead Sciences Inc 83.28 73,285
02-23-23 2,900 Intel Corp 25.49 73,920
02-23-23 1,550 Truist Finl Corp Com 46.98 72,827
TOTAL 220,031
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
02-23-23 80 Caterpillar Inc Del Com 69.20 5,536 237.50 19,000 13,464 02-23-23 280 Ishares Select Dividend ETF 104.99 29,397 122.34 34,256 4,859 02-23-23 1,375 Block H & R Inc 22.17 30,490 37.73 51,883 21,393 02-23-23 360 International Bus Mach 137.01 49,325 130.07 46,825 -2,501 02-23-23 435 Ishares Tr Russell 1000 Val 126.59 55,066 154.84 67,357 12,291 02-23-23 340 Ishares US Technology ETF 14.63 4,974 83.59 28,419 23,445 02-23-23 290 Select Sector Spdr Tr Sbi Int-Utils 42.96 12,457 66.83 19,380 6,923 TOTAL 187,246 267,120 79,874
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 2,522
TOTAL 2,522
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
02-28-23 500,000 U.S. Treasury Note 99.84 499,219
4.500% Due 11-15-25
02-28-23 500,000 California St 102.42 512,095
5.000% Due 10-01-28
02-28-23 500,000 City of Salem Oregon 101.11 505,540
5.000% Due 06-01-26
02-28-23 500,000 Wisconsin St Gen Fund Annual Approp
Revenue
98.32 491,615
4.346% Due 05-01-29
02-28-23 488,983 Freddie Mac Pool #SD8278 101.37 495,706
6.000% Due 12-01-52
TOTAL 2,504,175
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
02-22-23 5,755,000 University Calif Revs For Prev 111.70 6,428,335 102.65 5,907,275 -521,060
4.601% Due 05-15-31
TOTAL 6,428,335 5,907,275 -521,060
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
02-01-23 23,844 Walgreens Drugs/Adahi, Inc 100.00 23,844 100.00 23,844 0
6.500% Due 05-01-24
02-15-23 88 Gnma Pool #439515 98.06 86 100.00 88 2
7.000% Due 03-15-27
02-15-23 1,104 Gnma Pool #550718 97.31 1,074 100.00 1,104 30
5.000% Due 11-15-35
02-15-23 409 Gnma Pool #648348 99.66 408 100.00 409 1
5.500% Due 10-15-35
02-27-23 130 Fannie Mae Pool #256393 99.67 130 100.00 130 0
6.000% Due 09-01-36
TOTAL 25,542 25,575 33
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
02-01-23 Portfolio Investment Fees Payable 33
TOTAL 33
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 298,053
TOTAL 298,053
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 17,075
TOTAL 17,075
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
02-01-23 200 Select Sector Cll Opt 97.0000 02172023 0.14 2,856 02-06-23 70 Amazon Com Inc Cll Opt115.0000
02172023
0.35 2,460
02-07-23 40 Meta Platforms Cll Opt160.0000
02172023
28.83 115,306
02-07-23 -40 Meta Platforms Cll Opt195.0000
03172023
7.69 -30,768
02-07-23 -200 Select Sector Cll Opt 96.0000 03172023 0.56 -11,234 02-09-23 50 Disney Walt Co Cll Opt120.0000
02172023
0.27 1,364
02-09-23 100 Alphabet Inc Cll Opt 105.0000
02172023
0.31 3,078
02-13-23 -100 Alphabet Inc Cll Opt 107.5000
03172023
0.76 -7,572
02-13-23 -34 Home Depot Inc Cll Opt355.0000
03172023
1.68 -5,711
02-13-23 -50 Vaneck Etf Tru Cll Opt275.0000
03172023
1.63 -8,148
02-13-23 -200 Select Sector Cll Opt 155.0000
03172023
0.69 -13,794
02-15-23 40 Meta Platforms Cll Opt195.0000
03172023
2.11 8,431
02-16-23 70 Apple Inc Cll Opt 155.0000 02172023 0.71 4,955 02-16-23 50 Ishares Tr Cll Opt 195.0000 02172023 0.36 1,789 02-16-23 30 Vaneck Etf Tru Cll Opt250.0000
02172023
0.51 1,523
02-16-23 100 Spdr S&p 500 E Cll Opt416.0000
02172023
0.16 1,618
02-17-23 200 Select Sector Cll Opt 96.0000 03172023 0.11 2,156 02-17-23 200 Select Sector Cll Opt 155.0000
03172023
0.15 2,956
02-24-23 100 Alphabet Inc Cll Opt 107.5000
03172023
0.11 1,078
02-24-23 34 Home Depot Inc Cll Opt355.0000
03172023
0.04 128
02-24-23 50 Vaneck Etf Tru Cll Opt275.0000
03172023
0.19 939
02-28-23 -200 Select Sector Cll Opt 145.0000
03172023
0.43 -8,594
TOTAL 64,815
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
02-01-23 0 Select Sector Cll Opt 97.0000 02172023 0.00 2,856 0.00 11,196 8,340 02-06-23 0 Amazon Com Inc Cll Opt115.0000
02172023
0.00 2,460 0.00 6,089 3,629
02-07-23 0 Meta Platforms Cll Opt160.0000
02172023
0.00 115,306 0.00 7,659 -107,647
02-09-23 0 Disney Walt Co Cll Opt120.0000
02172023
0.00 1,364 0.00 3,399 2,035
02-09-23 0 Alphabet Inc Cll Opt 105.0000
02172023
0.00 3,078 0.00 7,928 4,850
02-15-23 0 Meta Platforms Cll Opt195.0000
03172023
0.00 8,431 0.00 30,768 22,337
02-16-23 0 Apple Inc Cll Opt 155.0000 02172023 0.00 4,955 0.00 5,809 854 02-16-23 0 Ishares Tr Cll Opt 195.0000 02172023 0.00 1,789 0.00 4,024 2,235 02-16-23 0 Vaneck Etf Tru Cll Opt250.0000
02172023
0.00 1,523 0.00 2,099 576
02-16-23 0 Spdr S&p 500 E Cll Opt416.0000
02172023
0.00 1,618 0.00 6,148 4,530
02-17-23 -70 Vaneck Etf Tru Cll Opt250.0000
02172023
0.00 0 0.00 4,899 4,899
02-17-23 0 Select Sector Cll Opt 96.0000 03172023 0.00 2,156 0.00 11,234 9,078 02-17-23 0 Select Sector Cll Opt 155.0000
03172023
0.00 2,956 0.00 13,794 10,838
02-23-23 5,650 Disney (Walt) Com 124.56 703,746 100.65 568,683 -135,062 02-24-23 0 Alphabet Inc Cll Opt 107.5000
03172023
0.00 1,078 0.00 7,572 6,494
02-24-23 0 Home Depot Inc Cll Opt355.0000
03172023
0.00 128 0.00 5,711 5,582
02-24-23 0 Vaneck Etf Tru Cll Opt275.0000
03172023
0.00 939 0.00 8,148 7,209
TOTAL 854,382 705,160 -149,223
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 8,714
TOTAL 8,714
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
02-28-23 Pool A Cash 1,011
TOTAL 1,011
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
02-22-23 529,000 Amazon Com Inc 98.82 522,768 100.00 529,000 6,232
2.400% Due 02-22-23
TOTAL 522,768 529,000 6,232
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
02-01-23 Pool A Cash 1,189,305
02-24-23 Pool A Cash 10,000,000
TOTAL 11,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 02-01-23 To 02-28-23
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 02-01-23 To 02-28-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!