City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-01401 11/28/2023 Consent Item 1.
October 2023 Monthly Investment Transactions Report
File ID: 2023-01401
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: 2023-01401 11/28/2023 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 October 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 September 30 was $1,501,171,745, while the market value of the Portfolio on October 31 was $1,483,749,565. The yield of the Portfolio in October was 2.69%. There were 10 total transactions for the period (7 purchases and 3 maturities). The estimated duration of the Portfolio as of October 31, 2023, is 1.64 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 40,849,742$ -$ -$ -$ 40,849,742$ Sales - - - - - Calls - - - - - Maturities 19,662,365 - - - 19,662,365 Contributions 92,210,673 - - - 92,210,673 Withdrawals 115,323,491 - 19,615 3,571 115,346,677 Total 268,046,271$ -$ 19,615$ 3,571$ 268,069,457$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 48,091$ -$ 48,091$ Sales - - 4,454 - 4,454 Calls - - - - - Maturities 33,457 - - - 33,457 Expenses 17 - - - 17 Contributions - - - - - Withdrawals 303,080 268,638 51,827 2 623,547 Total 336,554$ 268,638$ 104,372$ 2$ 709,566$ City of Sacramento
Summary of Transactions
October-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
October-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls - -
Maturities - -
Contributions - -
Withdrawals - -
Total 500,000$ 500,000$
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 - - 3,032,159 1,250 3,033,409 Total -$ -$ 4,221,464$ 1,250$ -$ 4,222,714$ GRAND TOTAL 273,501,737$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-02-2310,000,000 Toyota Industries Comm 97.20 9,719,922
5.540% Due 04-01-24
10-04-23 5,000,000 Natl Sec Clearing Corp 97.06 4,853,153
5.450% Due 04-16-24
10-04-23 6,000,000 Freddie Mac 100.00 6,000,000
6.060% Due 10-26-27
10-05-23 6,500,000 Freddie Mac 99.67 6,478,550
5.000% Due 08-25-25
10-24-23 5,000,000 Microsoft Corp 99.26 4,962,950
2.875% Due 02-06-24
10-24-23 5,000,000 Metlife Short Term Fund 96.70 4,835,167
5.520% Due 05-28-24
10-26-23 4,000,000 Texas St 100.00 4,000,000
5.616% Due 10-01-24
TOTAL 40,849,742
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
10-17-23 5,000,000 Barclays Bank Plc 100.00 5,000,000 100.00 5,000,000 0
3.000% Due 10-17-23
10-17-2310,000,000 Lvmh Moet Hennessy Lou Vuitton 97.85 9,784,667 97.85 9,784,667 0
5.100% Due 10-17-23
10-30-23 5,000,000 Procter & Gamble 97.55 4,877,699 97.55 4,877,699 0
5.090% Due 10-30-23
TOTAL 19,662,365 19,662,365 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
10-02-23 JP Morgan Chase Cash 25,966
10-02-23 JP Morgan Chase Cash 5,971,650
10-03-23 JP Morgan Chase Cash 3,179,619
10-04-23 JP Morgan Chase Cash 1,904,443
10-05-23 JP Morgan Chase Cash 1,558,272
10-06-23 JP Morgan Chase Cash 57
10-10-23 JP Morgan Chase Cash 6,701,850
10-11-23 JP Morgan Chase Cash 5,125,895
10-12-23 JP Morgan Chase Cash 10,013,567
10-13-23 JP Morgan Chase Cash 510
10-17-23 JP Morgan Chase Cash 3,199,022
10-18-23 JP Morgan Chase Cash 2,401,689
10-18-23 5,000,000 UBS Ag London Branch 99.80 4,990,200
1.250% Due 06-01-26
10-19-23 JP Morgan Chase Cash 2,136,626
10-20-23 JP Morgan Chase Cash 139
10-20-23 JP Morgan Chase Cash 71
10-20-23 JP Morgan Chase Cash 3
10-20-23 JP Morgan Chase Cash 8
10-20-23 JP Morgan Chase Cash 2
10-20-23 JP Morgan Chase Cash 3,929,316
10-23-23 JP Morgan Chase Cash 2
10-23-23 JP Morgan Chase Cash 3,555,874
10-24-23 JP Morgan Chase Cash 22,535,094
10-25-23 JP Morgan Chase Cash 427
10-25-23 JP Morgan Chase Cash 67
10-25-23 JP Morgan Chase Cash 2,565,252
10-26-23 JP Morgan Chase Cash 4,212,879
10-27-23 JP Morgan Chase Cash 1,023,856
10-27-23 Fidelity Fund 3,000
10-30-23 JP Morgan Chase Cash 20
10-30-23 JP Morgan Chase Cash 20
10-30-23 JP Morgan Chase Cash 2,679,357
10-31-23 JP Morgan Chase Cash 4,053,605
10-31-23 Fidelity Fund 5,493
10-31-23 Fidelity Fund 3,571
10-31-23 Fidelity Fund 19,615
10-31-23 Fidelity Fund 145,000
10-31-23 Fidelity Fund 268,638
TOTAL 92,210,673
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-02-23 JP Morgan Chase Cash 2,554,239
10-03-23 JP Morgan Chase Cash 12,186,875
10-04-23 JP Morgan Chase Cash 5,408,372
10-05-23 JP Morgan Chase Cash 1,170,382
10-06-23 JP Morgan Chase Cash 3,255,339
10-10-23 JP Morgan Chase Cash 2,742,499
10-11-23 JP Morgan Chase Cash 3,746,416
10-12-23 JP Morgan Chase Cash 1,496,290
10-13-23 JP Morgan Chase Cash 3,000,000
10-13-23 JP Morgan Chase Cash 2,504,975
10-16-23 JP Morgan Chase Cash 4,593,435
10-17-23 JP Morgan Chase Cash 23,577,884
10-18-23 JP Morgan Chase Cash 5,376,258
10-18-23 5,000,000 UBS Ag London Branch 99.80 4,990,200
1.250% Due 06-01-26
10-19-23 JP Morgan Chase Cash 1,874,188
10-20-23 JP Morgan Chase Cash 2,059,339
10-23-23 JP Morgan Chase Cash 3,982,020
10-24-23 JP Morgan Chase Cash 2,719,174
10-25-23 JP Morgan Chase Cash 3,693,377
10-26-23 JP Morgan Chase Cash 1,683,408
10-27-23 JP Morgan Chase Cash 1,084,311
10-30-23 JP Morgan Chase Cash 4,029,403
10-31-23 JP Morgan Chase Cash 17,595,106
TOTAL 115,323,491
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 19,615
TOTAL 19,615
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 3,571
TOTAL 3,571
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
10-02-23 24,897 Walgreens Drugs/Adahi, Inc 100.00 24,897 100.00 24,897 0
6.500% Due 05-01-24
10-16-23 92 Gnma Pool #439515 98.06 91 100.00 92 2
7.000% Due 03-15-27
10-16-23 1,044 Gnma Pool #550718 97.31 1,016 100.00 1,044 28
5.000% Due 11-15-35
10-16-23 365 Gnma Pool #648348 99.66 364 100.00 365 1
5.500% Due 10-15-35
10-25-23 2,869 Freddie Mac Pool #SD8278 101.37 2,908 100.00 2,869 -39
6.000% Due 12-01-52
10-25-23 4,046 Freddie Mac Pool #SD8343 100.06 4,049 100.00 4,046 -3
6.000% Due 07-01-53
10-25-23 132 Fannie Mae Pool #256393 99.67 132 100.00 132 0
6.000% Due 09-01-36
TOTAL 33,457 33,446 -10
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
10-02-23 Portfolio Investment Fees Payable 17
TOTAL 17
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 303,080
TOTAL 303,080
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 268,638
TOTAL 268,638
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-16-23 -70 Amazon Com Inc Cll Opt150.0000
11172023
0.93 -6,509
10-16-23 -70 Alphabet Inc Cll Opt 155.0000
11172023
0.84 -5,879
10-16-23 -150 Spdr Ser Tr Cll Opt 45.0000 11172023 0.35 -5,247 10-16-23 -100 Vaneck Etf Tru Cll Opt165.0000
11172023
0.73 -7,298
10-16-23 -100 Spdr S&p 500 E Cll Opt459.0000
11172023
0.71 -7,098
10-19-23 -100 Select Sector Cll Opt 99.0000 11172023 0.56 -5,598 10-19-23 -40 Select Sector Cll Opt 180.0000
11172023
0.43 -1,719
10-24-23 100 Spdr S&p 500 E Cll Opt459.0000
11172023
0.10 977
10-25-23 70 Alphabet Inc Cll Opt 155.0000
11172023
0.06 404
10-25-23 150 Spdr Ser Tr Cll Opt 45.0000 11172023 0.06 865 10-25-23 100 Vaneck Etf Tru Cll Opt165.0000
11172023
0.09 877
10-27-23 70 Amazon Com Inc Cll Opt150.0000
11172023
0.11 754
10-27-23 100 Select Sector Cll Opt 99.0000 11172023 0.06 577 10-30-23 -30 Meta Platforms Cll Opt330.0000
11172023
2.08 -6,239
10-30-23 -120 Spdr S&p 500 E Cll Opt435.0000
11172023
0.58 -6,958
TOTAL -48,091
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
10-20-23 -30 Meta Platforms Cll Opt335.0000
10202023
0.00 0 0.00 7,439 7,439
10-20-23 -200 Select Sector Cll Opt 98.0000 10202023 0.00 0 0.00 7,944 7,944 10-24-23 0 Spdr S&p 500 E Cll Opt459.0000
11172023
0.00 977 0.00 7,098 6,121
10-25-23 0 Alphabet Inc Cll Opt 155.0000
11172023
0.00 404 0.00 5,879 5,475
10-25-23 0 Spdr Ser Tr Cll Opt 45.0000 11172023 0.00 865 0.00 5,247 4,382 10-25-23 0 Vaneck Etf Tru Cll Opt165.0000
11172023
0.00 877 0.00 7,298 6,421
10-27-23 0 Amazon Com Inc Cll Opt150.0000
11172023
0.00 754 0.00 6,509 5,755
10-27-23 0 Select Sector Cll Opt 99.0000 11172023 0.00 577 0.00 5,598 5,021 TOTAL 4,454 53,011 48,557
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 51,827
TOTAL 51,827
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-31-23 Pool A Cash 2
TOTAL 2
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
10-04-23 500,000 Freddie Mac 100.00 500,000
6.060% Due 10-26-27
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
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 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
10-01-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-01-23 Pool A Cash 29,807
10-13-23 Pool A Cash 3,000,000
10-24-23 Pool A Cash 2,352
TOTAL 3,032,159
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
10-01-23 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 10-01-23 To 10-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!