City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00974 8/29/2023 Consent Item 1.
July 2023 Monthly Investment Transactions Report
File ID: 2023-00974
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: 2023-00974 8/29/2023 Consent Item 1.
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 July 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 June 30 was $1,634,696,639, while the market value of the Portfolio on July 31 was $1,527,176,316. The yield of the Portfolio in July was 2.67%. There were 20 total transactions for the period (3 purchases and 17 maturities). The estimated duration of the Portfolio as of July 31, 2023, is
1.74 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 21,479,220$ -$ -$ -$ 21,479,220$
Sales - - - - -
Calls - - 74,582 - 74,582
Maturities 110,833,077 - - - 110,833,077
Contributions 90,887,698 - - - 90,887,698
Withdrawals 204,807,024 - 22,009 2,325 204,831,358 Total 428,007,019$ -$ 96,591$ 2,325$ 428,105,935$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 3,259,182$ -$ 50,557$ -$ 3,309,739$ Sales - 1,334,233 1,269,935 - 2,604,168
Calls - - - - -
Maturities 39,935 - - - 39,935
Expenses 23 - - - 23
Contributions 3,900,000 - - - 3,900,000
Withdrawals 347,607 1,620,042 2,410,060 61,537 4,439,246 Total 7,546,747$ 2,954,275$ 3,730,552$ 61,537$ 14,293,111$ City of Sacramento
Summary of Transactions
July-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
July-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 283,631$ 283,631$
Sales - -
Calls - -
Maturities 500,000 500,000
Contributions 432,251 432,251
Withdrawals - -
Total 1,215,882$ 1,215,882$
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 - - 8,500,000 - - 8,500,000
Total -$ -$ 9,689,305$ -$ -$ 9,689,305$
GRAND TOTAL 453,304,233$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-05-2310,000,000 U.S. Treasury Note 97.37 9,737,300
0.125% Due 01-15-24
07-05-23 8,000,000 U. S. Treasury Bill 97.36 7,788,880
5.220% Due 01-04-24
07-06-23 4,000,000 Mercedes-Benz Finance NA 98.83 3,953,040
3.650% Due 02-22-24
TOTAL 21,479,220
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-01-23 1,000,000 California Earthquake Auth Rev 100.00 1,000,000 100.00 1,000,000 0
1.477% Due 07-01-23
07-03-23 4,850,000 Natl Sec Clearing Corp 98.05 4,755,223 98.05 4,755,223 0
4.690% Due 07-03-23
07-07-23 5,000,000 Ing US Funding LLC 97.56 4,878,119 97.56 4,878,119 0
4.930% Due 07-07-23
07-11-23 5,000,000 MUFG Bank Ltd/NY 97.85 4,892,675 97.85 4,892,675 0
4.770% Due 07-11-23
07-15-23 3,000,000 Massachusetts St Spl Oblig Rev 100.00 3,000,000 100.00 3,000,000 0
3.564% Due 07-15-23
07-20-23 5,000,000 Citigroup Global Markets 100.00 5,000,000 100.00 5,000,000 0
3.750% Due 07-20-23
07-25-2310,000,000 Barclays Bank Plc 97.64 9,764,102 97.64 9,764,102 0
4.850% Due 07-25-23
07-27-2310,000,000 Amazon.Com Inc 98.36 9,835,764 98.36 9,835,764 0
4.730% Due 07-27-23
07-27-2310,000,000 Johnson & Johnson 97.90 9,790,050 97.90 9,790,050 0
4.940% Due 07-27-23
07-27-2310,000,000 Lloyds Bank Plc 97.65 9,765,333 97.65 9,765,333 0
4.800% Due 07-27-23
07-27-2310,000,000 Metlife Short Term Fund 97.70 9,769,733 97.70 9,769,733 0
4.710% Due 07-27-23
07-27-23 5,000,000 MUFG Bank Ltd/NY 97.95 4,897,292 97.95 4,897,292 0
4.930% Due 07-27-23
07-27-23 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
4.300% Due 07-27-23
07-27-2310,000,000 U. S. Treasury Bill 98.08 9,808,172 98.08 9,808,172 0
4.730% Due 07-27-23
07-28-23 9,000,000 Mitsubishi Ufj Tr&Bk NY 97.57 8,781,405 97.57 8,781,405 0
4.940% Due 07-28-23
07-28-23 5,000,000 Toyota Motor Credit Corp 97.90 4,895,208 97.90 4,895,208 0
5.030% Due 07-28-23
07-28-23 5,000,000 Farmer Mac 100.00 5,000,000 100.00 5,000,000 0
1.380% Due 07-28-23
TOTAL 110,833,077 110,833,077 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-03-23 JP Morgan Chase Cash 25,960
07-03-23 JP Morgan Chase Cash 19,888
07-03-23 JP Morgan Chase Cash 19,142
07-03-23 JP Morgan Chase Cash 4,305,673
07-05-23 JP Morgan Chase Cash 139,029
07-05-23 JP Morgan Chase Cash 11,405,730
07-06-23 JP Morgan Chase Cash 3,653,214
07-06-23 Fidelity Fund 2,314,539
07-06-23 Fidelity Fund 1,628,546
07-07-23 JP Morgan Chase Cash 3,513,879
07-10-23 JP Morgan Chase Cash 2,185,839
07-11-23 JP Morgan Chase Cash 3,151,818
07-12-23 JP Morgan Chase Cash 44,208
07-12-23 JP Morgan Chase Cash 1,692,465
07-13-23 JP Morgan Chase Cash 471,226
07-17-23 JP Morgan Chase Cash 2,610,094
07-17-23 Fidelity Fund 5,875
07-18-23 JP Morgan Chase Cash 4,140,521
07-19-23 JP Morgan Chase Cash 3,324,580
07-20-23 JP Morgan Chase Cash 1
07-20-23 JP Morgan Chase Cash 5,882,588
07-21-23 JP Morgan Chase Cash 63,149
07-21-23 JP Morgan Chase Cash 7,797,472
07-24-23 JP Morgan Chase Cash 23,930,280
07-25-23 JP Morgan Chase Cash 1,631
07-25-23 JP Morgan Chase Cash 2,545,451
07-26-23 JP Morgan Chase Cash 1,521,235
07-27-23 JP Morgan Chase Cash 2,890
07-28-23 JP Morgan Chase Cash 17,591
07-31-23 JP Morgan Chase Cash 4,149,418
07-31-23 Fidelity Fund 3,813
07-31-23 Fidelity Fund 2,012
07-31-23 Fidelity Fund 96,851
07-31-23 Fidelity Fund 198,190
07-31-23 Fidelity Fund 19,199
07-31-23 Fidelity Fund 3,700
TOTAL 90,887,698
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-03-23 JP Morgan Chase Cash 139,029
07-03-23 JP Morgan Chase Cash 5,933,662
07-05-23 JP Morgan Chase Cash 3,230,288
07-06-23 JP Morgan Chase Cash 948,286
07-07-23 JP Morgan Chase Cash 2,500,000
07-07-23 JP Morgan Chase Cash 1,167,757
07-10-23 JP Morgan Chase Cash 1,798,585
07-10-23 Fidelity Fund 844,865
07-11-23 JP Morgan Chase Cash 13,281,717
07-11-23 Fidelity Fund 511,468
07-12-23 JP Morgan Chase Cash 5,543,155
07-12-23 Fidelity Fund 1,030,932
07-13-23 JP Morgan Chase Cash 2,344,503
07-13-23 Fidelity Fund 708,491
07-14-23 JP Morgan Chase Cash 2,898,793
07-17-23 JP Morgan Chase Cash 22,918,554
07-18-23 JP Morgan Chase Cash 1,575,202
07-19-23 JP Morgan Chase Cash 1,766,992
07-20-23 JP Morgan Chase Cash 2,110,672
07-21-23 JP Morgan Chase Cash 2,500,000
07-21-23 JP Morgan Chase Cash 6,470,105
07-24-23 JP Morgan Chase Cash 4,545,794
07-25-23 JP Morgan Chase Cash 13,717,315
07-26-23 JP Morgan Chase Cash 6,362,305
07-27-23 JP Morgan Chase Cash 2,584,783
07-28-23 JP Morgan Chase Cash 3,500,000
07-28-23 JP Morgan Chase Cash 88,716,674
07-31-23 JP Morgan Chase Cash 5,157,096
TOTAL 204,807,024
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
07-28-23 75,000 Morgan Stanley Domestic Holdings Inc 99.44 74,582 100.68 75,507 925
4.500% Due 06-20-28
TOTAL 74,582 75,507 925
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-23 Pool A Cash 22,009
TOTAL 22,009
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-23 Pool A Cash 2,325
TOTAL 2,325
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-06-23 250,000 Federal Farm Credit Bank 100.00 250,000
5.430% Due 07-14-28
07-06-23 500,000 Connecticut State 98.91 494,555
4.598% Due 05-15-31
07-06-23 500,000 Los Angeles Calif Uni Sch Dist 101.90 509,490
5.755% Due 07-01-29
07-07-23 500,000 California St 100.88 504,385
5.100% Due 10-01-29
07-10-23 500,000 Ecolab Inc 101.42 507,080
5.250% Due 01-15-28
07-10-23 500,000 Intel Corp 99.28 496,425
4.875% Due 02-10-28
07-10-23 496,936 Freddie Mac Pool #SD8343 100.06 497,247
6.000% Due 07-01-53
TOTAL 3,259,182
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-03-23 24,497 Walgreens Drugs/Adahi, Inc 100.00 24,497 100.00 24,497 0
6.500% Due 05-01-24
07-17-23 91 Gnma Pool #439515 98.06 89 100.00 91 2
7.000% Due 03-15-27
07-17-23 1,104 Gnma Pool #550718 97.31 1,075 100.00 1,104 30
5.000% Due 11-15-35
07-17-23 11,409 Gnma Pool #648348 99.66 11,370 100.00 11,409 39
5.500% Due 10-15-35
07-25-23 2,734 Freddie Mac Pool #SD8278 101.37 2,771 100.00 2,734 -38
6.000% Due 12-01-52
07-25-23 134 Fannie Mae Pool #256393 99.67 134 100.00 134 0
6.000% Due 09-01-36
TOTAL 39,935 39,969 34
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
07-03-23 Portfolio Investment Fees Payable 23
TOTAL 23
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-06-23 Pool A Cash 1,600,000
07-06-23 Pool A Cash 2,300,000
TOTAL 3,900,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-23 Pool A Cash 347,607
TOTAL 347,607
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
07-03-23 25,000 Select Sector Spdr Tr Communication 53.37 1,334,233 65.12 1,627,987 293,754 TOTAL 1,334,233 1,627,987 293,754
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-06-23 Pool A Cash 1,600,000
07-31-23 Pool A Cash 20,042
TOTAL 1,620,042
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-07-23 -70 Amazon Com Inc Cll Opt150.00 00
081
82023
0.96 -6,753
07-07-23 -150 Spdr Ser Tr Cll Opt 46.0000 08182023 0.46 -6,971 07-07-23 -20 Meta Platforms Cll Opt350.000 0
081
82023
3.43 -6,859
07-07-23 -150 Vaneck Etf Tru Cll Opt167.50 00
081
82023
0.60 -8,996
07-07-23 -130 Spdr S&p 500 E Cll Opt465.0000
08182023
0.58 -7,536
07-07-23 -150 Select Sector Cll Opt 88.0000 08182023 0.45 -6,746 07-07-23 -100 Select Sector Cll Opt 185.0000
08182023
0.67 -6,697
TOTAL -50,557
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
07-03-23 5,000 Select Sector Spdr Tr Sbi Int-Inds 56.06 280,289 106.91 534,534 254,245 07-03-23 7,600 Select Sector Spdr Tr Sbi Healthcare 82.19 624,664 131.50 999,392 374,728 07-03-23 4,500 Select Sector Spdr Tr Sbi Cons Discr 81.11 364,982 172.73 777,292 412,310 TOTAL 1,269,935 2,311,218 1,041,284
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-06-23 Pool A Cash 2,300,000
07-31-23 Pool A Cash 110,060
TOTAL 2,410,060
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-23 Pool A Cash 61,537
TOTAL 61,537
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-06-23 287,000 Mercedes-Benz Finance NA 98.83 283,631
3.650% Due 02-22-24
TOTAL 283,631
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-27-23 500,000 Federal Home Loan Bank 100.00 500,000 100.00 500,000 0
4.300% Due 07-27-23
TOTAL 500,000 500,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-27-23 Fidelity Fund 432,251
TOTAL 432,251
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
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 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-01-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-07-23 Pool A Cash 2,500,000
07-21-23 Pool A Cash 2,500,000
07-28-23 Pool A Cash 3,500,000
TOTAL 8,500,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 07-01-23 To 07-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!