City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-00976 11/14/2023 Consent Item 2.
September 2023 Monthly Investment Transactions Report
File ID: 2023-00976
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 California Environmental Quality Act (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: 2023-00976 11/14/2023 Consent Item 2.
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 September 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 August 31 was $1,513,810,740, while the market value of the Portfolio on September 30 was $1,501,171,745. The yield of the Portfolio in September was 2.64%. There were 15 total transactions for the period (7 purchases, 1 call and 7 maturities). The estimated duration of the Portfolio as of September 30, 2023, is 1.71 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 38,471,601$ -$ 157,973$ -$ 38,629,574$ Sales - - 75,471 - 75,471 Calls 5,000,000 - - - 5,000,000 Maturities 46,178,231 - - - 46,178,231 Contributions 80,610,563 - - - 80,610,563 Withdrawals 94,109,026 - 12,921 6,561 94,128,508 Total 264,369,421$ -$ 246,365$ 6,561$ 264,622,347$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 21,184$ -$ 21,184$ Sales - 956,934 355,287 - 1,312,221 Calls - - - - - Maturities 35,137 - - - 35,137 Expenses 19 - - - 19 Contributions - - - - - Withdrawals 227,856 3,030,566 3,381,686 - 6,640,108 Total 263,012$ 3,987,500$ 3,758,157$ -$ 8,008,669$ City of Sacramento
Summary of Transactions
September-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
September-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,729,577$ 1,729,577$
Sales - -
Calls 500,000 500,000
Maturities 981,659 981,659
Contributions - -
Withdrawals - -
Total 3,211,236$ 3,211,236$
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 - - 4,000,000 - 3,517,216 7,517,216 Total -$ -$ 5,189,305$ -$ 3,517,216$ 8,706,521$ GRAND TOTAL 284,548,773$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-12-2310,000,000 Natl Sec Clearing Corp 97.12 9,712,361
5.450% Due 03-20-24
09-12-23 5,000,000 Farmer Mac 100.00 5,000,000
5.720% Due 09-18-25
09-14-23 4,000,000 Nvidia Corporation 96.46 3,858,440
0.584% Due 06-14-24
09-21-23 5,000,000 Federal Home Loan Bank 100.00 5,000,000
6.500% Due 10-03-28
09-28-23 5,000,000 Freddie Mac 100.00 5,000,000
6.250% Due 10-24-28
09-28-23 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
6.000% Due 10-02-28
09-29-23 5,000,000 Burlington Northn Santa Fe 98.02 4,900,800
3.400% Due 09-01-24
TOTAL 38,471,601
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
09-27-23 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
6.000% Due 03-27-26
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-05-2310,000,000 Honeywell Intern ational 98.22 9,821,972 98.22 9,821,972 0
4.930% Due 09-05-23
09-19-23 5,000,000 Toyota Industries Comm 98.24 4,911,975 98.24 4,911,975 0
5.030% Due 09-19-23
09-19-2310,000,000 Federal Home Loan Bank 98.27 9,826,575 98.27 9,826,575 0
4.955% Due 09-19-23
09-22-23 7,000,000 Koch Industries Inc 98.20 6,873,935 98.20 6,873,935 0
5.105% Due 09-22-23
09-26-23 5,000,000 Johnson & Johnson 98.00 4,900,162 98.00 4,900,162 0
4.890% Due 09-26-23
09-27-23 5,000,000 International Bk Recon & Develop 98.78 4,939,000 100.00 5,000,000 61,000
3.000% Due 09-27-23
09-29-23 5,000,000 Nestle Finance Intl Ltd 98.09 4,904,611 98.09 4,904,611 0
5.050% Due 09-29-23
TOTAL 46,178,231 46,239,231 61,000
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-01-23 JP Morgan Chase Cash 25,964
09-01-23 JP Morgan Chase Cash 3,551,145
09-05-23 JP Morgan Chase Cash 3,756,725
09-06-23 JP Morgan Chase Cash 4,611,233
09-07-23 JP Morgan Chase Cash 137
09-07-23 JP Morgan Chase Cash 347,790
09-08-23 JP Morgan Chase Cash 2,525,350
09-11-23 JP Morgan Chase Cash 2,289,733
09-12-23 JP Morgan Chase Cash 4,048,033
09-13-23 JP Morgan Chase Cash 5,661,372
09-14-23 JP Morgan Chase Cash 903,536
09-15-23 JP Morgan Chase Cash 11,099
09-18-23 JP Morgan Chase Cash 3,157,944
09-19-23 JP Morgan Chase Cash 4,007,735
09-20-23 JP Morgan Chase Cash 913,593
09-22-23 JP Morgan Chase Cash 383
09-25-23 JP Morgan Chase Cash 10
09-25-23 JP Morgan Chase Cash 0
09-25-23 JP Morgan Chase Cash 0
09-25-23 JP Morgan Chase Cash 0
09-25-23 JP Morgan Chase Cash 22,131,716
09-26-23 JP Morgan Chase Cash 9,693,092
09-28-23 JP Morgan Chase Cash 4,169,309
09-28-23 Fidelity Fund 3,013,465
09-28-23 Fidelity Fund 3,577,632
09-29-23 JP Morgan Chase Cash 1,831,239
09-29-23 Fidelity Fund 13,169
09-29-23 Fidelity Fund 6,561
09-29-23 Fidelity Fund 18,026
09-29-23 Fidelity Fund 334,018
09-29-23 Fidelity Fund 10,554
TOTAL 80,610,563
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-01-23 JP Morgan Chase Cash 3,251,465
09-05-23 JP Morgan Chase Cash 13,966,347
09-06-23 JP Morgan Chase Cash 5,011,014
09-07-23 JP Morgan Chase Cash 3,346,045
09-08-23 JP Morgan Chase Cash 1,136,269
09-11-23 JP Morgan Chase Cash 1,142,081
09-11-23 JP Morgan Chase Cash 75,135
09-11-23 JP Morgan Chase Cash 2,300,000
09-11-23 JP Morgan Chase Cash 1,872,757
09-12-23 JP Morgan Chase Cash 1,086,128
09-13-23 JP Morgan Chase Cash 927,534
09-14-23 JP Morgan Chase Cash 2,410,329
09-15-23 JP Morgan Chase Cash 2,000,000
09-15-23 JP Morgan Chase Cash 2,133,032
09-18-23 JP Morgan Chase Cash 4,484,651
09-19-23 JP Morgan Chase Cash 13,984,197
09-20-23 JP Morgan Chase Cash 5,243,895
09-21-23 JP Morgan Chase Cash 2,274,894
09-22-23 JP Morgan Chase Cash 7,273,350
09-25-23 JP Morgan Chase Cash 3,012,574
09-26-23 JP Morgan Chase Cash 4,297,263
09-27-23 JP Morgan Chase Cash 5,889,501
09-28-23 JP Morgan Chase Cash 1,690,557
09-29-23 JP Morgan Chase Cash 2,000,000
09-29-23 JP Morgan Chase Cash 3,300,009
TOTAL 94,109,026
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-26-23 1,567 Oneok Inc New Com 66.54 104,298
09-27-23 500 Ishares Select Dividend ETF 107.35 53,675
TOTAL 157,973
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-26-23 2,350 Magellan Midstream Prt Com Unit Rp
Lp
32.10 75,441 69.38 163,048 87,607
09-28-23 0 Oneok Inc New Com 66.54 30 66.93 30 0
TOTAL 75,471 163,078 87,607
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-23 Pool A Cash 12,921
TOTAL 12,921
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-23 Pool A Cash 6,561
TOTAL 6,561
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-01-23 24,763 Walgreens Drugs/Adahi, Inc 100.00 24,763 100.00 24,763 0
6.500% Due 05-01-24
09-15-23 92 Gnma Pool #439515 98.06 90 100.00 92 2
7.000% Due 03-15-27
09-15-23 1,035 Gnma Pool #550718 97.31 1,008 100.00 1,035 28
5.000% Due 11-15-35
09-15-23 363 Gnma Pool #648348 99.66 362 100.00 363 1
5.500% Due 10-15-35
09-25-23 2,786 Freddie Mac Pool #SD8278 101.37 2,825 100.00 2,786 -38
6.000% Due 12-01-52
09-25-23 5,959 Freddie Mac Pool #SD8343 100.06 5,962 100.00 5,959 -4
6.000% Due 07-01-53
09-25-23 127 Fannie Mae Pool #256393 99.67 127 100.00 127 0
6.000% Due 09-01-36
TOTAL 35,137 35,126 -11
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
09-01-23 Portfolio Investment Fees Payable 19
TOTAL 19
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-30-23 Pool A Cash 227,856
TOTAL 227,856
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-26-23 8,000 Ishares Tr Russell 1000 Val 119.62 956,934 152.37 1,218,996 262,062 TOTAL 956,934 1,218,996 262,062
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-28-23 Pool A Cash 2,850,000
09-30-23 Pool A Cash 180,566
TOTAL 3,030,566
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-06-23 70 Amazon Com Inc Cll Opt145.0000
09152023
0.16 1,105
09-06-23 100 Spdr S&p 500 E Cll Opt460.0000
09152023
0.11 1,078
09-07-23 150 Vaneck Etf Tru Cll Opt164.0000
09152023
0.10 1,467
09-11-23 80 Alphabet Inc Cll Opt 142.5000
09152023
0.09 702
09-12-23 35 Meta Platforms Cll Opt315.0000
09152023
0.56 1,952
09-12-23 200 Select Sector Cll Opt 178.0000
09152023
0.10 2,056
09-13-23 -70 Amazon Com Inc Cll Opt155.0000
10202023
1.23 -8,608
09-13-23 -100 Vaneck Etf Tru Cll Opt165.0000
10202023
0.79 -7,897
09-19-23 -30 Meta Platforms Cll Opt335.0000
10202023
2.48 -7,439
09-19-23 -50 Select Sector Cll Opt 98.0000 10202023 0.42 -2,098 09-21-23 70 Amazon Com Inc Cll Opt155.0000
10202023
0.14 965
09-21-23 100 Vaneck Etf Tru Cll Opt165.0000
10202023
0.14 1,378
09-28-23 -150 Select Sector Cll Opt 98.0000 10202023 0.39 -5,845 TOTAL -21,184
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
09-06-23 0 Amazon Com Inc Cll Opt145.0000
09152023
0.00 1,105 0.00 6,508 5,403
09-06-23 0 Spdr S&p 500 E Cll Opt460.0000
09152023
0.00 1,078 0.00 7,397 6,319
09-07-23 0 Vaneck Etf Tru Cll Opt164.0000
09152023
0.00 1,467 0.00 9,145 7,678
09-11-23 0 Alphabet Inc Cll Opt 142.5000
09152023
0.00 702 0.00 5,038 4,335
09-12-23 0 Meta Platforms Cll Opt315.0000
09152023
0.00 1,952 0.00 7,979 6,027
09-12-23 0 Select Sector Cll Opt 178.0000
09152023
0.00 2,056 0.00 8,994 6,938
09-13-23 1,000 Alphabet, Inc. Cl C Capital Stock 24.56 24,558 135.82 135,824 111,266 09-13-23 700 Meta Platforms Inc 68.91 48,234 305.53 213,873 165,639 09-18-23 1,000 Spdr Tr Unit Ser 1 271.79 271,792 443.96 443,956 172,165 09-21-23 0 Amazon Com Inc Cll Opt155.0000
10202023
0.00 965 0.00 8,608 7,643
09-21-23 0 Vaneck Etf Tru Cll Opt165.0000
10202023
0.00 1,378 0.00 7,897 6,519
TOTAL 355,287 855,219 499,932
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-28-23 Pool A Cash 3,150,000
09-30-23 Pool A Cash 231,686
TOTAL 3,381,686
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
09-14-23 238,000 Nvidia Corporation 96.46 229,577
0.584% Due 06-14-24
09-21-23 500,000 Federal Home Loan Bank 100.00 500,000
6.500% Due 10-03-28
09-28-23 500,000 Freddie Mac 100.00 500,000
6.250% Due 10-24-28
09-28-23 500,000 Federal Farm Credit Bank 100.00 500,000
6.000% Due 10-02-28
TOTAL 1,729,577
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
09-27-23 500,000 Freddie Mac 100.00 500,000 100.00 500,000 0
6.000% Due 03-27-26
TOTAL 500,000 500,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
09-19-23 500,000 Toyota Industries Comm 98.24 491,197 98.24 491,197 0
5.030% Due 09-19-23
09-29-23 500,000 Nestle Finance Intl Ltd 98.09 490,461 98.09 490,461 0
5.050% Due 09-29-23
TOTAL 981,659 981,659 0
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
09-01-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-15-23 Pool A Cash 2,000,000
09-29-23 Pool A Cash 2,000,000
TOTAL 4,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 09-01-23 To 09-30-23
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 09-01-23 To 09-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
09-11-23 Pool A Cash 1,142,081
09-11-23 Pool A Cash 75,135
09-11-23 Pool A Cash 2,300,000
TOTAL 3,517,216