City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-01693 1/9/2024 Consent Item 3.
November 2023 Monthly Investment Transactions Report
File ID: 2023-01693
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: 2023-01693 1/9/2024 Consent Item 3.
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 November 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 October 31 was $1,483,687,065, while the market value of the Portfolio on November 30 was $1,432,527,737. The yield of the Portfolio in November was 2.61%. There were 15 total transactions for the period (5 purchases, 1 sale and 9 maturities). The estimated duration of the Portfolio as of November 30, 2023, is 1.65 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 22,742,442$ - $ 69,635$ -$ 22,812,077$ Sales 3,260,870
-
15,597 - 3,276,467
Calls -
-
-
- -
M
aturities 66,354,791 -
58,921 - 66,413,712
Contr
ibutions 60,587,265 -
-
- 60,587,265
Withdr
awals 126,409,151 -
14,767 2,504 126,426,422
Total 279,354,519$ -$
158,920$ 2,504$ 279,515,943$
Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 184,034$ 519,360 $ 146,253 $ - $ 849,647$ Sales -
-
202,836 - 202,836
Calls -
-
-
- -
M
aturities 32,494 -
-
- 32,494
Expenses 15
-
-
- 15
Contr
ibutions -
-
-
- -
Withdr
awals 399,414 14,829 5,959 - 420,202
Total
615,957$ 534,189$ 355,048$ -$ 1,505,194$
City of Sacramento
Summary of Transactions
November-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
November-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales 326,087 326,087
Calls - -
M
aturities 1,987,580 1,987,580
Contributions - -
Withdr
awals - -
Total
2,813,667$ 2,813,667$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$
Withdr
awals -
-
-
- -
Total
-$
-$
-$
-$
-$
A
ll Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$
Sales -
-
-
-
- -
Calls -
-
-
-
- -
M
aturities -
-
-
-
- -
Contr
ibutions -
-
1,189,305 -
- 1,189,305
Withdr
awals -
-
5,000,000 -
- 5,000,000
Total
-$
-$
6,189,305$ -$
-$
6,189,305$
GRAND TOTAL 290,024,109$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-02-23 3,015,000 Mercedes-Benz Finance NA 98.17 2,959,886
2.700% Due 06-14-24
11-02-23 5,000,000 Toyota Motor Credit Corp 98.81 4,940,690
2.500% Due 03-22-24
11-06-23 5,000,000 Toyota Motor Credit Corp 96.89 4,844,367
5.520% Due 05-28-24
11-07-23 5,000,000 Freddie Mac 99.95 4,997,500
6.000% Due 11-27-28
11-07-23 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.620% Due 11-13-25
TOTAL 22,742,442
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-03-23 3,260,870 Federal Home Loan Bank 100.00 3,260,870 100.00 3,260,870 0
6.500% Due 10-03-28
TOTAL 3,260,870 3,260,870 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-2310,000,000 Federal Home Loan Bank 100.00 10,000,000 100.00 10,000,000 0
5.080% Due 11-01-23
11-01-23 550,000 California St Univ Rev 100.00 550,000 100.00 550,000 0
1.557% Due 11-01-23
11-06-23 7,000,000 Procter & Gamble 97.60 6,831,774 97.60 6,831,774 0
5.030% Due 11-06-23
11-07-23 8,000,000 Glaxosmithkline LLC 97.52 7,801,278 97.52 7,801,278 0
5.110% Due 11-07-23
11-13-23 7,000,000 Lvmh Moet Hennessy Lou Vuitton 97.52 6,826,097 97.52 6,826,097 0
5.140% Due 11-13-23
11-14-2310,000,000 Coca-Cola Company 97.45 9,744,694 97.45 9,744,694 0
5.050% Due 11-14-23
11-20-2310,000,000 Credit Suisse New York 100.00 10,000,000 100.00 10,000,000 0
0.540% Due 11-20-23
11-20-2310,000,000 L'Oreal SA 97.37 9,737,017 97.37 9,737,017 0
5.090% Due 11-20-23
11-28-23 5,000,000 Amazon.Com Inc 97.28 4,863,931 97.28 4,863,931 0
5.050% Due 11-28-23
TOTAL 66,354,791 66,354,791 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-23 JP Morgan Chase Cash 25,968
11-01-23 JP Morgan Chase Cash 1,079,149
11-02-23 JP Morgan Chase Cash 1,096,056
11-03-23 JP Morgan Chase Cash 2,685,649
11-06-23 JP Morgan Chase Cash 4,295,781
11-07-23 JP Morgan Chase Cash 4,804,417
11-08-23 JP Morgan Chase Cash 3
11-08-23 JP Morgan Chase Cash 2,022,109
11-09-23 JP Morgan Chase Cash 1,274,014
11-10-23 JP Morgan Chase Cash 1,444,952
11-13-23 JP Morgan Chase Cash 2,393,914
11-13-23 Fidelity Fund 2,812
11-17-23 JP Morgan Chase Cash 5,709,488
11-20-23 JP Morgan Chase Cash 200,826
11-21-23 JP Morgan Chase Cash 2,296,056
11-22-23 JP Morgan Chase Cash 3,645,022
11-24-23 JP Morgan Chase Cash 2,007,486
11-27-23 JP Morgan Chase Cash 25,085,283
11-29-23 JP Morgan Chase Cash 74,198
11-30-23 Fidelity Fund 4,633
11-30-23 Fidelity Fund 2,504
11-30-23 Fidelity Fund 35,297
11-30-23 Fidelity Fund 386,819
11-30-23 Fidelity Fund 14,829
TOTAL 60,587,265
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-01-23 JP Morgan Chase Cash 7,470,821
11-02-23 JP Morgan Chase Cash 511,795
11-03-23 JP Morgan Chase Cash 1,378,139
11-06-23 JP Morgan Chase Cash 2,062,770
11-07-23 JP Morgan Chase Cash 4,572,454
11-08-23 JP Morgan Chase Cash 631,435
11-09-23 JP Morgan Chase Cash 1,132,204
11-10-23 JP Morgan Chase Cash 3,000,000
11-10-23 JP Morgan Chase Cash 1,201,865
11-13-23 JP Morgan Chase Cash 878,628
11-14-23 JP Morgan Chase Cash 17,263,202
11-15-23 JP Morgan Chase Cash 6,604,141
11-16-23 JP Morgan Chase Cash 3,225,204
11-16-23 Fidelity Fund 61,288
11-17-23 JP Morgan Chase Cash 2,000,000
11-17-23 JP Morgan Chase Cash 1,849,392
11-20-23 JP Morgan Chase Cash 2,926,993
11-21-23 JP Morgan Chase Cash 6,834,915
11-22-23 JP Morgan Chase Cash 2,036,065
11-24-23 JP Morgan Chase Cash 2,476,780
11-27-23 JP Morgan Chase Cash 1,089,628
11-28-23 JP Morgan Chase Cash 29,533,431
11-29-23 JP Morgan Chase Cash 23,928,215
11-30-23 JP Morgan Chase Cash 3,739,786
TOTAL 126,409,151
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-29-23 70,000 Equifax Inc 99.48 69,635
5.100% Due 06-01-28
TOTAL 69,635
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-16-23 200 Procter & Gamble Co 77.99 15,597 152.65 30,531 14,934 TOTAL 15,597 30,531 14,934
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-15-23 60,000 CNA Financial Corp 98.20 58,921 100.00 60,000 1,079
7.250% Due 11-15-23
TOTAL 58,921 60,000 1,079
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-23 Pool A Cash 14,767
TOTAL 14,767
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-23 Pool A Cash 2,504
TOTAL 2,504
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-29-23 185,000 Equifax Inc 99.48 184,034
5.100% Due 06-01-28
TOTAL 184,034
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-23 25,032 Walgreens Drugs/Adahi, Inc 100.00 25,032 100.00 25,032 0
6.500% Due 05-01-24
11-15-23 93 Gnma Pool #439515 98.06 91 100.00 93 2
7.000% Due 03-15-27
11-15-23 1,060 Gnma Pool #550718 97.31 1,031 100.00 1,060 28
5.000% Due 11-15-35
11-15-23 367 Gnma Pool #648348 99.66 366 100.00 367 1
5.500% Due 10-15-35
11-27-23 2,701 Freddie Mac Pool #SD8278 101.37 2,738 100.00 2,701 -37
6.000% Due 12-01-52
11-27-23 3,110 Freddie Mac Pool #SD8343 100.06 3,112 100.00 3,110 -2
6.000% Due 07-01-53
11-27-23 124 Fannie Mae Pool #256393 99.67 124 100.00 124 0
6.000% Due 09-01-36
TOTAL 32,494 32,487 -7
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
11-01-23 Portfolio Investment Fees Payable 15
TOTAL 15
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-23 Pool A Cash 399,414
TOTAL 399,414
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-30-23 15,000 Walgreens Boots Allian Com 34.62 519,360 19.94 299,093 -220,267 TOTAL 519,360 299,093 -220,267
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-23 Pool A Cash 14,829
TOTAL 14,829
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-14-23 -100 Vaneck Etf Tru Cll Opt175.00 00
121
52023
0.73 -7,298
11-14-23 -100 Select Sector Cll Opt 192.0000
12152023
0.68 -6,798
11-15-23 -150 Spdr Ser Tr Cll Opt 49.0000 12152023 0.41 -6,147 11-15-23 120 Spdr S&p 500 E Cll Opt435.0000
11172023
14.97 179,657
11-15-23 -120 Spdr S&p 500 E Cll Opt463.0000
12152023
1.69 -20,322
11-16-23 -70 Amazon Com Inc Cll Opt155.00 00
121
52023
0.80 -5,599
11-16-23 30 Meta Platforms Cll Opt330.0000
11172023
2.85 8,541
11-16-23 -30 Meta Platforms Cll Opt355.000 0
121
52023
2.56 -7,672
11-16-23 40 Select Sector Cll Opt 180.0000
11172023
2.96 11,858
11-16-23 -40 Select Sector Cll Opt 192.0000
12152023
0.69 -2,746
11-30-23 30 Meta Platforms Cll Opt355.0000
12152023
0.47 1,403
11-30-23 100 Vaneck Etf Tru Cll Opt175.0000
12152023
0.14 1,377
TOTAL 146,253
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-15-23 0 Spdr S&p 500 E Cll Opt435.0000
11172023
0.00 179,657 0.00 6,958 -172,699
11-16-23 0 Meta Platforms Cll Opt330.0000
11172023
0.00 8,541 0.00 6,239 -2,302
11-16-23 0 Select Sector Cll Opt 180.0000
11172023
0.00 11,858 0.00 1,719 -10,139
11-30-23 0 Meta Platforms Cll Opt355.0000
12152023
0.00 1,403 0.00 7,672 6,269
11-30-23 0 Vaneck Etf Tru Cll Opt175.0000
12152023
0.00 1,377 0.00 7,298 5,921
TOTAL 202,836 29,887 -172,949
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-30-23 Pool A Cash 5,959
TOTAL 5,959
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
11-07-23 500,000 Federal Farm Credit Bank 100.00 500,000
5.620% Due 11-13-25
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
11-03-23 326,087 Federal Home Loan Bank 100.00 326,087 100.00 326,087 0
6.500% Due 10-03-28
TOTAL 326,087 326, 087 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
11-01-23 500,000 California St Univ Rev 100.00 500,000 100.00 500,000 0
0.475% Due 11-01-23
11-07-23 500,000 Glaxosmithkline LLC 97.52 487,580 97.52 487,580 0
5.110% Due 11-07-23
11-20-23 1,000,000 Credit Suisse New York 100.00 1,000,000 100.00 1,000,000 0
0.540% Due 11-20-23
TOTAL 1,987,580 1,987,580 0
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
11-01-23 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
11-10-23 Pool A Cash 3,000,000
11-17-23 Pool A Cash 2,000,000
TOTAL 5,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 11-01-23 To 11-30-23
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 11-01-23 To 11-30-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!