City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00975 10/3/2023 Consent Item 2.
August 2023 Monthly Investment Transactions Report
File ID: 2023-00975
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: 2023-00975 10/3/2023 Consent Item 2.
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 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 August 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 July 31 was $1,527,176,316, while the market value of the Portfolio on August 31 was $1,513,810,740. The yield of the Portfolio in August was 2.57%. There were 16 total transactions for the period (5 purchases and 11 maturities). The estimated duration of the Portfolio as of August 31, 2023, is 1.72 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 41,764,738$ -$ 75,040$ -$ 41,839,778$ Sales - - - - -
Calls - - - - -
Maturities 67,062,607 - - - 67,062,607
Contributions 120,817,028 - - - 120,817,028
Withdrawals 139,233,269 - 12,605 2,471 139,248,345 Total 368,877,642$ -$ 87,645$ 2,471$ 368,967,758$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 895,866$ -$ 19,893$ -$ 915,759$ Sales - 995,820 1,344,795 - 2,340,615
Calls - - - - -
Maturities 33,823 - - - 33,823
Expenses 21 - - - 21
Contributions - - - - -
Withdrawals 240,143 13,273 6,185 1 259,602
Total 1,169,853$ 1,009,093$ 1,370,873$ 1$ 3,549,820$ City of Sacramento
Summary of Transactions
August-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
August-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 569,604$ 569,604$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 569,604$ 569,604$
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 - - 1,376,094 - - 1,376,094
Withdrawals - - 2,500,000 - - 2,500,000
Total -$ -$ 3,876,094$ -$ -$ 3,876,094$
GRAND TOTAL 376,963,276$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-22-23 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.540% Due 08-28-25
08-23-2311,000,000 Pepsico Inc 96.86 10,655,150
5.400% Due 03-19-24
08-28-2310,000,000 Metlife Short Term Fund 97.14 9,714,400
5.440% Due 03-05-24
08-28-2310,000,000 Toyota Motor Credit Corp 96.37 9,637,178
5.630% Due 04-16-24
08-29-23 7,000,000 Unitedhealth Group Inc 96.54 6,758,010
0.550% Due 05-15-24
TOTAL 41,764,738
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-23 3,000,000 Washington St 99.66 2,989,770 100.00 3,000,000 10,230
3.030% Due 08-01-23
08-08-2310,000,000 Toyota Industries Comm 97.57 9,757,167 97.57 9,757,167 0
4.700% Due 08-08-23
08-14-23 5,000,000 Toyota Motor Credit Corp 97.22 4,861,050 100.00 5,000,000 138,950
0.500% Due 08-14-23
08-15-23 3,325,000 Connecticut Stat e 99.57 3,310,669 100.00 3,325,000 14,331
2.150% Due 08-15-23
08-21-23 5,000,000 Johnson & Johnson 98.07 4,903,736 98.07 4,903,736 0
4.780% Due 08-21-23
08-22-23 5,000,000 Ing US Funding LLC 97.53 4,876,433 97.53 4,876,433 0
5.055% Due 08-22-23
08-22-2310,000,000 Nestle Finance Intl Ltd 98.37 9,837,422 98.37 9,837,422 0
4.960% Due 08-22-23
08-22-2310,000,000 U. S. Treasury Bill 98.36 9,835,714 98.36 9,835,714 0
4.970% Due 08-22-23
08-25-23 5,000,000 Amazon.Com Inc 98.05 4,902,322 98.05 4,902,322 0
4.720% Due 08-25-23
08-29-23 5,000,000 Toyota Motor Credit Corp 98.28 4,913,833 98.28 4,913,833 0
5.170% Due 08-29-23
08-30-23 7,000,000 Amazon.Com Inc 98.21 6,874,490 98.21 6,874,490 0
4.890% Due 08-30-23
TOTAL 67,062,607 67,226,118 163,511
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-23 JP Morgan Chase Cash 25,962
08-01-23 JP Morgan Chase Cash 5,895,459
08-01-23 Fidelity Fund 357
08-02-23 JP Morgan Chase Cash 3,057,938
08-03-23 JP Morgan Chase Cash 7
08-03-23 JP Morgan Chase Cash 4
08-03-23 JP Morgan Chase Cash 4,647,923
08-04-23 JP Morgan Chase Cash 20,724,217
08-07-23 JP Morgan Chase Cash 3,430,916
08-08-23 JP Morgan Chase Cash 3,579,551
08-09-23 JP Morgan Chase Cash 1,203,878
08-11-23 JP Morgan Chase Cash 3,562,294
08-14-23 JP Morgan Chase Cash 2,124,732
08-16-23 JP Morgan Chase Cash 2,196,702
08-17-23 JP Morgan Chase Cash 3,914,942
08-18-23 JP Morgan Chase Cash 13,567,783
08-21-23 JP Morgan Chase Cash 1,679,659
08-22-23 JP Morgan Chase Cash 10,033,258
08-23-23 JP Morgan Chase Cash 1,009,747
08-25-23 JP Morgan Chase Cash 5,610,082
08-28-23 JP Morgan Chase Cash 25,188,460
08-30-23 JP Morgan Chase Cash 1,920,503
08-31-23 JP Morgan Chase Cash 7,313,425
08-31-23 Fidelity Fund 4,613
08-31-23 Fidelity Fund 2,471
08-31-23 Fidelity Fund 9,516
08-31-23 Fidelity Fund 106,510
08-31-23 Fidelity Fund 1
08-31-23 Fidelity Fund 6,114
TOTAL 120,817,028
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-01-23 JP Morgan Chase Cash 6,459,914
08-02-23 JP Morgan Chase Cash 1,626,869
08-03-23 JP Morgan Chase Cash 1,641,184
08-03-23 Fidelity Fund 71,951
08-03-23 Fidelity Fund 851,384
08-04-23 JP Morgan Chase Cash 2,221,666
08-07-23 JP Morgan Chase Cash 2,971,193
08-08-23 JP Morgan Chase Cash 13,830,834
08-09-23 JP Morgan Chase Cash 8,440,861
08-10-23 JP Morgan Chase Cash 20,951,016
08-11-23 JP Morgan Chase Cash 2,500,000
08-11-23 JP Morgan Chase Cash 8,386,790
08-14-23 JP Morgan Chase Cash 1,762,455
08-15-23 JP Morgan Chase Cash 3,845,584
08-16-23 JP Morgan Chase Cash 3,013,610
08-17-23 JP Morgan Chase Cash 3,375,633
08-18-23 JP Morgan Chase Cash 1,799,504
08-21-23 JP Morgan Chase Cash 1,535,360
08-22-23 JP Morgan Chase Cash 17,301,114
08-23-23 JP Morgan Chase Cash 5,413,362
08-24-23 JP Morgan Chase Cash 3,495,982
08-25-23 JP Morgan Chase Cash 1,185,397
08-28-23 JP Morgan Chase Cash 1,995,265
08-29-23 JP Morgan Chase Cash 22,363,992
08-30-23 JP Morgan Chase Cash 1,192,990
08-31-23 JP Morgan Chase Cash 999,359
TOTAL 139,233,269
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-01-23 640 Ishares Select Dividend ETF 117.25 75,040
TOTAL 75,040
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 12,605
TOTAL 12,605
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 2,471
TOTAL 2,471
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-01-23 300,000 Amgen Inc 99.97 299,913
5.150% Due 03-02-28
08-01-23 300,000 Dollar General Corp 99.76 299,289
5.200% Due 07-05-28
08-01-23 300,000 T Mobile USA Inc 98.89 296,664
4.950% Due 03-15-28
TOTAL 895,866
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
08-01-23 24,630 Walgreens Drugs/Adahi, Inc 100.00 24,630 100.00 24,630 0
6.500% Due 05-01-24
08-15-23 91 Gnma Pool #439515 98.06 90 100.00 91 2
7.000% Due 03-15-27
08-15-23 1,054 Gnma Pool #550718 97.31 1,026 100.00 1,054 28
5.000% Due 11-15-35
08-15-23 361 Gnma Pool #648348 99.66 360 100.00 361 1
5.500% Due 10-15-35
08-25-23 2,855 Freddie Mac Pool #SD8278 101.37 2,895 100.00 2,855 -39
6.000% Due 12-01-52
08-25-23 4,694 Freddie Mac Pool #SD8343 100.06 4,697 100.00 4,694 -3
6.000% Due 07-01-53
08-25-23 126 Fannie Mae Pool #256393 99.67 125 100.00 126 0
6.000% Due 09-01-36
TOTAL 33,823 33,812 -10
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
08-01-23 Portfolio Investment Fees Payable 21
TOTAL 21
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 240,143
TOTAL 240,143
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-03-23 3,000 Select Sector Spdr Tr Technology 68.65 205,936 173.83 521,497 315,561 08-03-23 3,500 Select Sector Spdr Tr Sbi Healthcare 98.58 345,014 133.04 465,654 120,640 08-25-23 1,410 International Bus Mach 142.41 200,803 144.58 203,853 3,050 08-25-23 200 Lockheed Martin Corp 135.47 27,094 451.80 90,360 63,265 08-25-23 900 Merck & Co Inc (new) 49.82 44,842 109.70 98,730 53,889 08-25-23 1,470 Wal Mart Stores Inc 117.10 172,131 157.20 231,090 58,959 TOTAL 995,820 1,611,184 615,364
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 13,273
TOTAL 13,273
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-02-23 20 Meta Platforms Cll Opt350.0000
08182023
0.76 1,516
08-02-23 100 Select Sector Cll Opt 185.0000
08182023
0.27 2,678
08-07-23 150 Vaneck Etf Tru Cll Opt167.5000
08182023
0.17 2,517
08-07-23 130 Spdr S&p 500 E Cll Opt465.0000
08182023
0.16 2,051
08-14-23 150 Spdr Ser Tr Cll Opt 46.0000 08182023 1.16 17,367 08-16-23 150 Select Sector Cll Opt 88.0000 08182023 0.26 3,867 08-17-23 -80 Alphabet Inc Cll Opt 142.5000
09152023
0.63 -5,038
08-17-23 -150 Select Sector Cll Opt 95.0000 09152023 0.41 -6,145 08-21-23 -35 Meta Platforms Cll Opt315.000
0 091
52023
2.28 -7,979
08-21-23 -150 Vaneck Etf Tru Cll Opt164.00 00
091
52023
0.61 -9,145
08-21-23 -200 Select Sector Cll Opt 178.0000
09152023
0.45 -8,994
08-22-23 -70 Amazon Com Inc Cll Opt145.00 00
091
52023
0.93 -6,508
08-28-23 150 Select Sector Cll Opt 95.0000 09152023 0.09 1,317 08-29-23 -100 Spdr S&p 500 E Cll Opt460.0000
09152023
0.74 -7,397
TOTAL -19,893
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
08-02-23 0 Meta Platforms Cll Opt350.0000
08182023
0.00 1,516 0.00 6,859 5,344
08-02-23 0 Select Sector Cll Opt 185.0000
08182023
0.00 2,678 0.00 6,697 4,019
08-03-23 7,000 Select Sector Spdr Tr Communication 49.57 347,017 67.31 471,168 124,151 08-03-23 7,000 Select Sector Spdr Tr Sbi Cons Stpls 48.84 341,910 75.51 528,566 186,656 08-03-23 3,500 Select Sector Spdr Tr Sbi Healthcare 82.19 287,674 133.04 465,636 177,962 08-03-23 3,200 Select Sector Spdr Tr Sbi Cons Discr 81.11 259,542 168.60 539,517 279,975 08-07-23 0 Vaneck Etf Tru Cll Opt167.5000
08182023
0.00 2,517 0.00 8,996 6,479
08-07-23 0 Spdr S&p 500 E Cll Opt465.0000
08182023
0.00 2,051 0.00 7,536 5,485
08-14-23 0 Spdr Ser Tr Cll Opt 46.0000 08182023 0.00 17,367 0.00 6,971 -10,396 08-16-23 0 Select Sector Cll Opt 88.0000 08182023 0.00 3,867 0.00 6,746 2,879 08-18-23 -70 Amazon Com Inc Cll Opt150.00
00 081
82023
0.00 0 0.00 6,753 6,753
08-28-23 0 Select Sector Cll Opt 95.0000 09152023 0.00 1,317 0.00 6,145 4,828 08-28-23 1,000 Apple Inc. 22.91 22,911 179.34 179,339 156,427 08-28-23 100 MasterCard Incorporated 145.31 14,531 404.79 40,479 25,948 08-28-23 1,500 Vaneck Vectors Semiconductor Etf 26.60 39,896 149.52 224,285 184,390 TOTAL 1,344,795 2,505,693 1,160,898
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 6,185
TOTAL 6,185
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-31-23 Pool A Cash 1
TOTAL 1
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
08-29-23 590,000 Unitedhealth Group Inc 96.54 569,604
0.550% Due 05-15-24
TOTAL 569,604
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
08-01-23 Pool A Cash 1,189,305
08-04-23 Pool A Cash 186,789
TOTAL 1,376,094
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
08-11-23 Pool A Cash 2,500,000
TOTAL 2,500,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 08-01-23 To 08-31-23
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 08-01-23 To 08-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!