City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00414 7/25/2023 Consent Item 4.
June 2023 Monthly Investment Transactions Report
File ID: 2023-00414
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.
Commission/Committee Action: None.
File ID: 2023-00414 7/25/2023 Consent Item 4.
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 20, 2023, 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 June 30, 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 May 31 was $1,635,213,820, while the market value of the Portfolio on June 30 was $1,634,696,639. The yield of the Portfolio in June was 2.79%. There were 15 total transactions for the period (6 purchases and 9 maturities). The estimated duration of the Portfolio as of June 30, 2023, is 1.7 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 34,148,617$ -$ -$ -$ 34,148,617$
Sales - - - - -
Calls - - - - -
Maturities 42,007,392 - - - 42,007,392
Contributions 84,981,326 - - - 84,981,326
Withdrawals 86,888,439 - - - 86,888,439
Total 248,025,774$ -$ -$ -$ 248,025,774$
Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 224,376$ -$ 224,376$
Sales - - 1,477,369 - 1,477,369
Calls - - - - -
Maturities 38,070 - - - 38,070
Expenses 25 - - - 25
Contributions 200,000 - - - 200,000
Withdrawals - 200,000 4,000,000 - 4,200,000
Total 238,095$ 200,000$ 5,701,745$ -$ 6,139,840$ City of Sacramento
Summary of Transactions
June-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
June-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,461,960$ 1,461,960$
Sales - -
Calls - -
Maturities 1,250,000 1,250,000
Contributions - -
Withdrawals - -
Total 2,711,960$ 2,711,960$
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 - - 9,189,305 - - 9,189,305 Withdrawals - - - - - - Total -$ -$ 9,189,305$ -$ -$ 9,189,305$ GRAND TOTAL 266,066,879$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-02-23 5,000,000 IBM Corporation 97.80 4,890,050
3.000% Due 05-15-24
06-06-23 5,000,000 Unilever Cap Corp 97.59 4,879,550
2.600% Due 05-05-24
06-07-23 5,000,000 Metlife Short Term Fund 97.00 4,850,000
5.400% Due 12-26-23
06-09-2310,000,000 Lvmh Moet He nnessy Lou Vuitton 96.83 9,682,667
5.440% Due 01-09-24
06-09-23 5,000,000 Inter-American Devel Bank 98.41 4,920,500
2.625% Due 01-16-24
06-13-23 5,000,000 Microsoft Corp 98.52 4,925,850
2.875% Due 02-06-24
TOTAL 34,148,617
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-01-23 1,750,000 California Health Facs Fing Auth
Revenue
100.00 1,750,000 100.00 1,750,000 0
1.970% Due 06-01-23
06-02-23 3,000,000 Bank of Montreal 100.00 3,000,000 100.00 3,000,000 0
5.216% Due 06-02-23
06-13-23 5,000,000 Metlife Short Term Fund 97.74 4,887,069 97.74 4,887,069 0
4.700% Due 06-13-23
06-13-23 5,000,000 Federal Home Loan Bank 98.12 4,906,153 98.12 4,906,153 0
4.660% Due 06-13-23
06-13-23 5,000,000 International Bk Reco n & Develop 98.29 4,914,750 98.29 4,914,750 0
4.650% Due 06-13-23
06-15-23 5,000,000 Boeing Co 97.59 4,879,500 100.00 5,000,000 120,500
1.875% Due 06-15-23
06-27-2310,000,000 Lloyds Bank Plc 97.65 9,764,617 97.65 9,764,617 0
4.870% Due 06-27-23
06-27-23 5,000,000 International Bk Reco n & Develop 98.11 4,905,303 98.11 4,905,303 0
4.670% Due 06-27-23
06-29-23 3,000,000 Barclays Bank Plc 100.00 3,000,000 100.00 3,000,000 0
3.487% Due 06-29-23
TOTAL 42,007,392 42,127,892 120,500
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-01-23 JP Morgan Chase Cash 25,958
06-01-23 JP Morgan Chase Cash 1,913,534
06-02-23 JP Morgan Chase Cash 2,159,385
06-05-23 JP Morgan Chase Cash 2,969,530
06-06-23 JP Morgan Chase Cash 8,688,807
06-07-23 JP Morgan Chase Cash 3,423,564
06-08-23 JP Morgan Chase Cash 3,137,925
06-08-23 JP Morgan Chase Cash 245
06-08-23 JP Morgan Chase Cash 97
06-09-23 JP Morgan Chase Cash 8,000,000
06-09-23 JP Morgan Chase Cash 2,591,056
06-12-23 JP Morgan Chase Cash 3,035,030
06-12-23 JP Morgan Chase Cash 32
06-12-23 JP Morgan Chase Cash 31
06-12-23 JP Morgan Chase Cash 12
06-12-23 Fidelity Fund 4,000,000
06-13-23 JP Morgan Chase Cash 2,094,069
06-13-23 JP Morgan Chase Cash 2,463
06-13-23 JP Morgan Chase Cash 2,370
06-13-23 JP Morgan Chase Cash 109
06-14-23 Fidelity Fund 3,906
06-15-23 JP Morgan Chase Cash 13,113
06-15-23 JP Morgan Chase Cash 13
06-16-23 JP Morgan Chase Cash 2,053,156
06-16-23 JP Morgan Chase Cash 4,064
06-16-23 JP Morgan Chase Cash 1,125
06-16-23 JP Morgan Chase Cash 659
06-16-23 JP Morgan Chase Cash 635
06-16-23 JP Morgan Chase Cash 88
06-16-23 JP Morgan Chase Cash 13
06-16-23 JP Morgan Chase Cash 13
06-20-23 JP Morgan Chase Cash 43
06-20-23 JP Morgan Chase Cash 26
06-20-23 JP Morgan Chase Cash 4,964,135
06-21-23 JP Morgan Chase Cash 3,270,139
06-22-23 JP Morgan Chase Cash 3,323,521
06-23-23 JP Morgan Chase Cash 96
06-26-23 JP Morgan Chase Cash 20,922,737
06-27-23 JP Morgan Chase Cash 2,922,293
06-29-23 JP Morgan Chase Cash 2,621,749
06-30-23 JP Morgan Chase Cash 1,908,910
06-30-23 Fidelity Fund 14,929
06-30-23 Fidelity Fund 7,488
06-30-23 Fidelity Fund 17,304
06-30-23 Fidelity Fund 155,700
06-30-23 Fidelity Fund 331,051
06-30-23 Fidelity Fund 161,963
06-30-23 Fidelity Fund 238,240
TOTAL 84,981,326
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-01-23 JP Morgan Chase Cash 3,415,395
06-02-23 JP Morgan Chase Cash 1,697,341
06-05-23 JP Morgan Chase Cash 4,237,066
06-06-23 JP Morgan Chase Cash 993,157
06-07-23 JP Morgan Chase Cash 1,434,623
06-08-23 JP Morgan Chase Cash 959,651
06-09-23 JP Morgan Chase Cash 2,229,969
06-12-23 JP Morgan Chase Cash 2,130,569
06-13-23 JP Morgan Chase Cash 12,640,116
06-14-23 JP Morgan Chase Cash 8,365,455
06-15-23 JP Morgan Chase Cash 6,642,667
06-16-23 JP Morgan Chase Cash 2,042,995
06-16-23 Fidelity Fund 62,575
06-20-23 JP Morgan Chase Cash 2,844,105
06-21-23 JP Morgan Chase Cash 2,356,340
06-22-23 JP Morgan Chase Cash 2,493,801
06-23-23 JP Morgan Chase Cash 3,536,449
06-26-23 JP Morgan Chase Cash 345
06-26-23 JP Morgan Chase Cash 2,232,333
06-27-23 JP Morgan Chase Cash 14,948,320
06-28-23 JP Morgan Chase Cash 5,906,383
06-29-23 JP Morgan Chase Cash 1,570,328
06-30-23 JP Morgan Chase Cash 4,148,454
TOTAL 86,888,439
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-01-23 24,365 Walgreens Drugs/Adahi, Inc 100.00 24,365 100.00 24,365 0
6.500% Due 05-01-24
06-15-23 90 Gnma Pool #439515 98.06 88 100.00 90 2
7.000% Due 03-15-27
06-15-23 8,571 Gnma Pool #550718 97.31 8,341 100.00 8,571 230
5.000% Due 11-15-35
06-15-23 417 Gnma Pool #648348 99.66 416 100.00 417 1
5.500% Due 10-15-35
06-26-23 4,022 Freddie Mac Pool #SD8278 101.37 4,078 100.00 4,022 -55
6.000% Due 12-01-52
06-26-23 784 Fannie Mae Pool #256393 99.67 782 100.00 784 3
6.000% Due 09-01-36
TOTAL 38,070 38,250 181
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
06-01-23 Portfolio Investment Fees Payable 25
TOTAL 25
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-16-23 Pool A Cash 200,000
TOTAL 200,000
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-16-23 Pool A Cash 200,000
TOTAL 200,000
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-08-23 100 Alphabet Inc Cll Opt 135.0000
06162023
0.10 978
06-12-23 200 Select Sector Cll Opt 85.0000 06162023 0.10 1,956 06-14-23 70 Amazon Com Inc Cll Opt130.0000
06162023
0.36 2,505
06-14-23 150 Spdr Ser Tr Cll Opt 44.0000 06162023 0.31 4,605 06-14-23 75 Vaneck Etf Tru Cll Opt142.5000
06162023
11.90 89,284
06-15-23 75 Vaneck Etf Tru Cll Opt142.5000
06162023
12.01 90,058
06-15-23 100 Spdr S&p 500 E Cll Opt438.0000
06162023
3.50 34,991
TOTAL 224,376
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
06-01-23 1,000 Apple Inc. 22.91 22,911 179.87 179,868 156,957 06-01-23 3,000 Vaneck Vectors Semiconductor Etf 26.60 79,791 147.17 441,498 361,706 06-01-23 200 Unitedhealth Group Inc 295.18 59,036 493.81 98,762 39,727 06-01-23 15,000 Select Sector Spdr Tr Technology 54.61 819,147 166.12 2,491,729 1,672,582 06-08-23 0 Alphabet Inc Cll Opt 135.0000
06162023
0.00 978 0.00 4,297 3,319
06-08-23 2,000 Alphabet, Inc. Cl C Capital Stock 24.56 49,115 123.24 246,481 197,365 06-08-23 500 Home Depot Inc 107.13 53,566 303.06 151,530 97,964 06-08-23 1,600 Ishares Us Home Cons Etf 26.69 42,700 78.93 126,281 83,581 06-08-23 500 Ishares Russell 2000 ETF 111.14 55,570 185.12 92,559 36,989 06-08-23 300 MasterCard Incorporated 145.31 43,593 369.07 110,722 67,129 06-08-23 400 Meta Platforms Inc 68.91 27,563 266.77 106,707 79,145 06-12-23 0 Select Sector Cll Opt 85.0000 06162023 0.00 1,956 0.00 6,394 4,438 06-14-23 0 Amazon Com Inc Cll Opt130.0000
06162023
0.00 2,505 0.00 3,708 1,203
06-14-23 0 Spdr Ser Tr Cll Opt 44.0000 06162023 0.00 4,605 0.00 6,896 2,291 06-14-23 0 Vaneck Etf Tru Cll Opt142.5000
06162023
0.00 89,284 0.00 4,498 -84,786
06-15-23 0 Vaneck Etf Tru Cll Opt142.5000
06162023
0.00 90,058 0.00 4,498 -85,561
06-15-23 0 Spdr S&p 500 E Cll Opt438.0000
06162023
0.00 34,991 0.00 4,797 -30,194
TOTAL 1,477,369 4,081,224 2,603,855
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-12-23 Pool A Cash 4,000,000
TOTAL 4,000,000
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-02-23 500,000 IBM Corporation 97.80 489,005
3.000% Due 05-15-24
06-06-23 500,000 Unilever Cap Corp 97.59 487,955
2.600% Due 05-05-24
06-07-23 500,000 Metlife Short Term Fund 97.00 485,000
5.400% Due 12-26-23
TOTAL 1,461,960
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-01-23 750,000 California Health Facs Fing Auth
Revenue
100.00 750,000 100.00 750,000 0
1.970% Due 06-01-23
06-02-23 500,000 Bank of Montreal 100.00 500,000 100.00 500,000 0
5.216% Due 06-02-23
TOTAL 1,250,000 1,250,000 0
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-01-23 Pool A Cash 1,189,305
06-09-23 Pool A Cash 8,000,000
TOTAL 9,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 06-01-23 To 06-30-23
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 06-01-23 To 06-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!