City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2023-01619 2/13/2024 Consent Item 2.
December 2023 Monthly Investment Transactions Report
File ID: 2023-01619
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: 2023-01619 2/13/2024 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 December 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 November 30 was $1,432,527,737, while the market value of the Portfolio on December 31 was $1,506,522,108. The yield of the Portfolio in December was 2.60%. There were 16 total transactions for the period (7 purchases, 1 call and 8 maturities). The estimated duration of the Portfolio as of December 31, 2023, is 1.61 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 52,510,032$ -$ -$ -$ 52,510,032$ Sales - - - - - Calls 1,739,130 - - - 1,739,130 Maturities 51,984,589 - - - 51,984,589 Contributions 155,153,707 - - - 155,153,707 Withdrawals 94,415,740 - 22,098 8,292 94,446,130 Total 355,803,198$ -$ 22,098$ 8,292$ 355,833,588$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 152,092$ -$ 152,092$ Sales - 1,603,455 1,401,614 741,706 3,746,775 Calls - - - - - Maturities 32,775 - - - 32,775 Expenses 13 - - - 13 Contributions - - 300,000 - 300,000 Withdrawals 149,665 725,206 309,282 - 1,184,153 Total 182,453$ 2,328,661$ 2,162,988$ 741,706$ 5,415,808$ City of Sacramento
Summary of Transactions
December-23
ATTACHMENT A
City of Sacramento
Summary of Transactions
December-23
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,299,240$ 1,299,240$
Sales - -
Calls 173,913 173,913
Maturities 1,982,750 1,982,750
Contributions - -
Withdrawals - -
Total 3,455,903$ 3,455,903$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals 1,065,000 - - - 1,065,000 Total 1,065,000$ -$ -$ -$ 1,065,000$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - - - - - Withdrawals - - 5,000,000 - - 5,000,000 Total -$ -$ 5,000,000$ -$ -$ 5,000,000$ GRAND TOTAL 370,770,299$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-05-2310,000,000 Microsoft Corp 97.21 9,721,133
5.340% Due 06-11-24
12-07-23 5,000,000 Hawaii St 100.00 5,000,000
5.101% Due 10-01-24
12-11-23 7,000,000 Pfizer Inc 97.31 6,811,710
5.350% Due 06-10-24
12-22-23 5,000,000 Freddie Mac 100.00 5,000,000
5.400% Due 12-21-26
12-26-23 9,000,000 Federal Home Loan Bank Disc 97.08 8,737,477
4.930% Due 07-26-24
12-27-23 9,000,000 MUFG Bank Ltd/NY CP 96.15 8,653,610
5.170% Due 09-20-24
12-27-23 9,000,000 U. S. Treasury Bill 95.40 8,586,102
4.548% Due 12-26-24
TOTAL 52,510,032
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
12-03-23 1,739,130 Federal Home Loan Bank 100.00 1,739,130 100.00 1,739,130 0
6.500% Due 10-03-28
TOTAL 1,739,130 1,739,130 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-01-23 8,000,000 Glaxosmithkline LLC 97.26 7,780,444 97.26 7,780,444 0
5.200% Due 12-01-23
12-04-2310,000,000 Credit Suisse New York 100.00 10,000,000 100.00 10,000,000 0
0.490% Due 12-04-23
12-13-2310,000,000 Federal Farm Credit Bank 97.16 9,716,344 97.16 9,716,344 0
5.210% Due 12-13-23
12-15-23 5,000,000 Amazon.Com Inc 97.22 4,861,125 97.22 4,861,125 0
5.050% Due 12-15-23
12-22-23 7,000,000 Federal Home Loan Bank 97.04 6,792,975 97.04 6,792,975 0
5.070% Due 12-22-23
12-26-23 5,000,000 Metlife Short Term Fund 97.00 4,850,000 97.00 4,850,000 0
5.400% Due 12-26-23
12-27-23 5,000,000 Federal Home Loan Bank 99.94 4,997,200 100.00 5,000,000 2,800
4.750% Due 12-27-23
12-29-23 3,000,000 Bank of Montreal 99.55 2,986,500 100.00 3,000,000 13,500
0.450% Due 12-29-23
TOTAL 51,984,589 52,000,889 16,300
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-01-23 JP Morgan Chase Cash 5,583,532
12-04-23 JP Morgan Chase Cash 25,970
12-04-23 JP Morgan Chase Cash 4,098,039
12-05-23 JP Morgan Chase Cash 4,507,266
12-06-23 JP Morgan Chase Cash 3,165,413
12-07-23 JP Morgan Chase Cash 2,781,465
12-08-23 JP Morgan Chase Cash 1,785,221
12-11-23 JP Morgan Chase Cash 3,263,455
12-12-23 JP Morgan Chase Cash 2,614,115
12-13-23 JP Morgan Chase Cash 978,846
12-14-23 Fidelity Fund 3,906
12-14-23 Fidelity Fund 300,000
12-15-23 JP Morgan Chase Cash 18
12-18-23 JP Morgan Chase Cash 2,054,970
12-19-23 JP Morgan Chase Cash 1,920,496
12-20-23 JP Morgan Chase Cash 6,017,400
12-21-23 JP Morgan Chase Cash 1,607,127
12-22-23 JP Morgan Chase Cash 70,215,503
12-26-23 JP Morgan Chase Cash 17,322,991
12-29-23 JP Morgan Chase Cash 26,129,695
12-29-23 Fidelity Fund 14,988
12-29-23 Fidelity Fund 8,292
12-29-23 Fidelity Fund 22,463
12-29-23 Fidelity Fund 127,428
12-29-23 Fidelity Fund 407,078
12-29-23 Fidelity Fund 147,270
12-29-23 Fidelity Fund 50,757
TOTAL 155,153,707
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-01-23 JP Morgan Chase Cash 3,840,225
12-04-23 JP Morgan Chase Cash 2,395,435
12-05-23 JP Morgan Chase Cash 3,519,871
12-06-23 JP Morgan Chase Cash 2,216,566
12-07-23 JP Morgan Chase Cash 1,739,989
12-08-23 JP Morgan Chase Cash 2,000,000
12-08-23 JP Morgan Chase Cash 1,610,043
12-11-23 JP Morgan Chase Cash 2,888,146
12-12-23 JP Morgan Chase Cash 13,960,526
12-13-23 JP Morgan Chase Cash 8,047,603
12-14-23 JP Morgan Chase Cash 3,926,601
12-15-23 JP Morgan Chase Cash 5,227,616
12-15-23 Fidelity Fund 107,262
12-18-23 JP Morgan Chase Cash 825,000
12-18-23 JP Morgan Chase Cash 3,023,904
12-19-23 JP Morgan Chase Cash 4,196,108
12-20-23 JP Morgan Chase Cash 4,817,162
12-21-23 JP Morgan Chase Cash 943,133
12-22-23 JP Morgan Chase Cash 3,000,000
12-22-23 JP Morgan Chase Cash 240,000
12-22-23 JP Morgan Chase Cash 2,118,730
12-26-23 JP Morgan Chase Cash 15,060,701
12-27-23 JP Morgan Chase Cash 5,211,494
12-28-23 JP Morgan Chase Cash 2,325,726
12-29-23 JP Morgan Chase Cash 1,173,899
TOTAL 94,415,740
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-23 Pool A Cash 22,098
TOTAL 22,098
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-23 Pool A Cash 8,292
TOTAL 8,292
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-04-23 25,168 Walgreens Drugs/Adahi, Inc 100.00 25,168 100.00 25,168 0
6.500% Due 05-01-24
12-15-23 94 Gnma Pool #439515 98.06 92 100.00 94 2
7.000% Due 03-15-27
12-15-23 1,054 Gnma Pool #550718 97.31 1,025 100.00 1,054 28
5.000% Due 11-15-35
12-15-23 369 Gnma Pool #648348 99.66 367 100.00 369 1
5.500% Due 10-15-35
12-26-23 2,823 Freddie Mac Pool #SD8278 101.37 2,862 100.00 2,823 -39
6.000% Due 12-01-52
12-26-23 2,582 Freddie Mac Pool #SD8343 100.06 2,583 100.00 2,582 -2
6.000% Due 07-01-53
12-26-23 679 Fannie Mae Pool #256393 99.67 677 100.00 679 2
6.000% Due 09-01-36
TOTAL 32,775 32,768 -7
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
12-04-23 Portfolio Investment Fees Payable 13
TOTAL 13
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-23 Pool A Cash 149,665
TOTAL 149,665
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-15-23 1,600 International Bus Mach 142.41 227,862 163.22 261,159 33,297 12-20-23 11,500 Ishares Tr Russell 1000 Val 119.62 1,375,592 164.49 1,891,620 516,027 TOTAL 1,603,455 2,152,779 549,324
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-14-23 Pool A Cash 300,000
12-31-23 Pool A Cash 425,206
TOTAL 725,206
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-07-23 -70 Alphabet Inc Cll Opt 151.0000
01192024
0.94 -6,579
12-07-23 -150 Spdr Ser Tr Cll Opt 52.0000 01192024 0.61 -9,147 12-07-23 -100 Vaneck Etf Tru Cll Opt175.0000
01192024
0.76 -7,556
12-14-23 150 Spdr Ser Tr Cll Opt 49.0000 12152023 4.58 68,668 12-14-23 -150 Spdr Ser Tr Cll Opt 57.0000 01192024 0.80 -12,000 12-14-23 120 Spdr S&p 500 E Cll Opt463.0000
12152023
10.22 122,592
12-14-23 -100 Select Sector Cll Opt 200.0000
01192024
0.78 -7,798
12-15-23 140 Select Sector Cll Opt 192.0000
12152023
0.28 3,911
TOTAL 152,092
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-14-23 0 Spdr Ser Tr Cll Opt 49.0000 12152023 0.00 68,668 0.00 6,147 -62,521 12-14-23 0 Spdr S&p 500 E Cll Opt463.0000
12152023
0.00 122,592 0.00 20,322 -102,270
12-15-23 -70 Amazon Com Inc Cll Opt155.0000
12152023
0.00 0 0.00 5,599 5,599
12-15-23 0 Select Sector Cll Opt 192.0000
12152023
0.00 3,911 0.00 9,544 5,633
12-15-23 600 Home Depot Inc 107.13 64,279 348.08 208,850 144,571 12-15-23 600 Meta Platforms Inc 68.91 41,344 336.62 201,974 160,630 12-15-23 400 Unitedhealth Group Inc 295.18 118,072 524.55 209,821 91,749 12-18-23 1,000 Amazon.com Inc. 24.74 24,740 154.23 154,229 129,489 12-18-23 3,400 Spdr Series Trust Kbw Regn Bk Etf 43.89 149,213 52.08 177,088 27,874 12-18-23 3,000 Vaneck Vectors Semiconductor Etf 26.60 79,791 173.10 519,296 439,505 12-18-23 1,000 Spdr Tr Unit Ser 1 271.79 271,792 472.36 472,357 200,565 12-18-23 3,000 Select Sector Spdr Tr Sbi Materials 58.97 176,922 84.70 254,108 77,186 12-18-23 5,000 Select Sector Spdr Tr Sbi Int-Inds 56.06 280,289 112.52 562,585 282,296 TOTAL 1,401,614 2,801,919 1,400,306
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-14-23 Pool A Cash 300,000
TOTAL 300,000
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-23 Pool A Cash 309,282
TOTAL 309,282
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-20-23 16,000 Ishares Msci Acwi Us Etf 46.36 741,706 50.14 802,314 60,607 TOTAL 741,706 802,314 60,607
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-18-23 800,000 California Earthquake Auth Rev 99.90 799,240
5.493% Due 07-01-24
12-22-23 500,000 Freddie Mac 100.00 500,000
5.400% Due 12-21-26
TOTAL 1,299,240
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
12-03-23 173,913 Federal Home Loan Bank 100.00 173,913 100.00 173,913 0
6.500% Due 10-03-28
TOTAL 173,913 173,913 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-04-23 1,000,000 Credit Suisse New York 100.00 1,000,000 100.00 1,000,000 0
0.490% Due 12-04-23
12-26-23 500,000 Metlife Short Term Fund 97.00 485,000 97.00 485,000 0
5.400% Due 12-26-23
12-29-23 500,000 Bank of Montreal 99.55 497,750 100.00 500,000 2,250
0.450% Due 12-29-23
TOTAL 1,982,750 1,985,000 2,250
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-18-23 Pool A Cash 825,000
12-22-23 Pool A Cash 240,000
TOTAL 1,065,000
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-08-23 Pool A Cash 2,000,000
12-22-23 Pool A Cash 3,000,000
TOTAL 5,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 12-01-23 To 12-31-23
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 12-01-23 To 12-31-23
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!