City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-00470 2/27/2024 Consent Item 5.
January 2024 Monthly Investment Transactions Report
File ID: 2024-00470
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 E nvironmental 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)).
File ID: 2024-00470 2/27/2024 Consent Item 5.
Sustainability: None.
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 January 23,2024, 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 January 31, 2024, 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 December 31 was $1,506,522,108, while the market value of the Portfolio on January 31 was $1,501,777,693. The yield of the Portfolio in January was 2.79%. There were 20 total transactions for the period (14 purchases, 2 calls and 4 maturities). The estimated duration of the Portfolio as of January 31, 2024, is 1.52 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 81,537,861$ -$ 101,155$ -$ 81,639,016$ Sales - - 56,268 - 56,268
Calls 10,000,000 - - - 10,000,000
Maturities 32,129,347 - - - 32,129,347
Contributions 82,078,167 - - - 82,078,167
Withdrawals 93,428,134 - 20,355 1,841 93,450,330 Total 299,173,509$ -$ 177,778$ 1,841$ 299,353,128$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 704,180$ -$ 8,674$ -$ 712,854$ Sales 579,767 114,676 43,402 5,562,798 6,300,643 Calls - - - - -
Maturities 32,539 - - - 32,539
Expenses 10 - - - 10
Contributions - - - - -
Withdrawals 414,394 2,420,786 2,827,952 801,132 6,464,264 Total 1,730,890$ 2,535,462$ 2,880,028$ 6,363,930$ 13,510,310$ City of Sacramento
Summary of Transactions
January-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
January-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 985,395$ 985,395$
Sales - -
Calls 500,000 500,000
Maturities - -
Contributions 37,383 37,383
Withdrawals - -
Total 1,522,778$ 1,522,778$
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 - - 5,025,072 1,250 - 5,026,322 Total -$ -$ 6,214,377$ 1,250$ -$ 6,215,627$ GRAND TOTAL 320,601,843$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-02-2410,000,000 MUFG Union Bank 97.08 9,707,906
5.180% Due 07-23-24
01-02-24 9,000,000 American Honda Finance 99.73 8,975,610
4.600% Due 04-17-25
01-03-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.440% Due 01-09-29
01-03-24 9,000,000 Schwab Charles Corp 99.01 8,910,990
4.200% Due 03-24-25
01-04-24 5,000,000 Fannie Mae 100.00 5,000,000
5.280% Due 01-03-25
01-04-24 3,387,000 Tennessee Valley Auth 98.54 3,337,648
2.875% Due 09-15-24
01-10-24 8,000,000 Johnson & Johnson 97.45 7,795,671
5.080% Due 07-09-24
01-18-24 4,955,000 Principal Life Global Fdg Ii 97.46 4,829,242
0.750% Due 08-23-24
01-19-24 5,000,000 Disney Walt Co 98.00 4,900,100
1.750% Due 08-30-24
01-19-24 2,150,000 New York Life Global 99.25 2,133,875
3.855% Due 08-26-24
01-22-24 1,000,000 Barclays Us Fdg 96.90 968,957
5.150% Due 08-26-24
01-22-24 9,000,000 Barclays Us Fdg 96.90 8,720,612
5.150% Due 08-26-24
01-25-24 2,500,000 Los Angeles Calif Cmnty College 100.23 2,505,650
5.500% Due 08-01-24
01-29-24 9,000,000 Thermo Fisher Scientific Inc 97.24 8,751,600
1.215% Due 10-18-24
TOTAL 81,537,861
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
01-24-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
6.250% Due 10-24-28
01-29-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
5.070% Due 01-17-25
TOTAL 10,000,000 10,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-04-24 8,000,000 U. S. Treasury Bill 97.36 7,788,880 97.36 7,788,880 0
5.220% Due 01-04-24
01-09-2410,000,000 Lvmh Moet Hennessy Lou Vuitton 96.83 9,682,667 96.83 9,682,667 0
5.440% Due 01-09-24
01-15-2410,000,000 U.S. Treasury Note 97.37 9,737,300 100.00 10,000,000 262,700
0.125% Due 01-15-24
01-16-24 5,000,000 Inter-American Devel Bank 98.41 4,920,500 100.00 5,000,000 79,500
2.625% Due 01-16-24
TOTAL 32,129,347 32,471,547 342,200
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-02-24 JP Morgan Chase Cash 25,973
01-02-24 JP Morgan Chase Cash 4,037,680
01-03-24 JP Morgan Chase Cash 5,421,036
01-04-24 JP Morgan Chase Cash 10
01-04-24 JP Morgan Chase Cash 4,805,670
01-05-24 JP Morgan Chase Cash 3,509,284
01-08-24 JP Morgan Chase Cash 3,756,819
01-09-24 JP Morgan Chase Cash 2,273,251
01-10-24 JP Morgan Chase Cash 1,746,389
01-10-24 Fidelity Fund 2,471,947
01-10-24 Fidelity Fund 801,132
01-10-24 Fidelity Fund 2,903,288
01-12-24 JP Morgan Chase Cash 14,883
01-16-24 JP Morgan Chase Cash 1,881,905
01-16-24 Fidelity Fund 5,875
01-17-24 JP Morgan Chase Cash 3,494,508
01-18-24 JP Morgan Chase Cash 3,958,794
01-19-24 JP Morgan Chase Cash 1,816,285
01-22-24 JP Morgan Chase Cash 6,257,755
01-23-24 JP Morgan Chase Cash 3,411,195
01-24-24 JP Morgan Chase Cash 17,802,819
01-26-24 JP Morgan Chase Cash 4,473,373
01-29-24 JP Morgan Chase Cash 2,908,340
01-30-24 JP Morgan Chase Cash 3,743,827
01-31-24 JP Morgan Chase Cash 146,152
01-31-24 Fidelity Fund 4,016
01-31-24 Fidelity Fund 1,841
01-31-24 Fidelity Fund 396,769
01-31-24 Fidelity Fund 7,350
TOTAL 82,078,167
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-02-24 JP Morgan Chase Cash 3,646,155
01-03-24 JP Morgan Chase Cash 629,208
01-04-24 JP Morgan Chase Cash 396,165
01-05-24 JP Morgan Chase Cash 890,733
01-08-24 JP Morgan Chase Cash 4,855,113
01-09-24 JP Morgan Chase Cash 13,321,078
01-10-24 JP Morgan Chase Cash 6,235,790
01-11-24 JP Morgan Chase Cash 3,436,195
01-12-24 JP Morgan Chase Cash 3,480,696
01-16-24 JP Morgan Chase Cash 6,061,950
01-17-24 JP Morgan Chase Cash 2,245,419
01-18-24 JP Morgan Chase Cash 1,229,077
01-19-24 JP Morgan Chase Cash 2,000,000
01-19-24 JP Morgan Chase Cash 1,037,530
01-22-24 JP Morgan Chase Cash 7,177,001
01-23-24 JP Morgan Chase Cash 15,226,215
01-24-24 JP Morgan Chase Cash 5,972,612
01-25-24 JP Morgan Chase Cash 4,502,747
01-26-24 JP Morgan Chase Cash 3,000,000
01-26-24 JP Morgan Chase Cash 2,438,261
01-29-24 JP Morgan Chase Cash 4,224,223
01-30-24 JP Morgan Chase Cash 669,465
01-31-24 JP Morgan Chase Cash 752,500
TOTAL 93,428,134
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-30-24 100,000 John Deere Capital Corp 101.15 101,155
4.750% Due 01-20-28
TOTAL 101,155
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-19-24 65 Caterpillar Inc Del Com 73.80 4,797 279.79 18,187 13,390 01-19-24 100 Colgate Palmolive Co Com 30.86 3,086 80.35 8,035 4,950 01-19-24 30 Mcdonald's Corp 51.56 1,547 297.04 8,911 7,364 01-19-24 200 Procter & Gamble Co 77.99 15,597 147.55 29,510 13,913 01-19-24 1,000 Select Sector Spdr Tr Sbi Int-Finl 31.24 31,241 37.44 37,445 6,203 TOTAL 56,268 102,088 45,820
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-24 Pool A Cash 20,355
TOTAL 20,355
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-24 Pool A Cash 1,841
TOTAL 1,841
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-09-24 200,000 Amgen Inc 101.90 203,810
5.150% Due 03-02-28
01-09-24 500,000 IBM Corporation 100.07 500,370
4.500% Due 02-06-28
TOTAL 704,180
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-02-24 650,000 Houston Tex Arpt Sys Rev Arpt Sys 89.19 579,767 100.00 650,000 70,232
6.880% Due 01-01-28
TOTAL 579,767 650,000 70,232
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-02-24 25,304 Walgreens Drugs/Adahi, Inc 100.00 25,304 100.00 25,304 0
6.500% Due 05-01-24
01-16-24 94 Gnma Pool #439515 98.06 92 100.00 94 2
7.000% Due 03-15-27
01-16-24 1,058 Gnma Pool #550718 97.31 1,030 100.00 1,058 28
5.000% Due 11-15-35
01-16-24 371 Gnma Pool #648348 99.66 369 100.00 371 1
5.500% Due 10-15-35
01-25-24 3,128 Freddie Mac Pool #SD8278 101.37 3,171 100.00 3,128 -43
6.000% Due 12-01-52
01-25-24 2,430 Freddie Mac Pool #SD8343 100.06 2,432 100.00 2,430 -2
6.000% Due 07-01-53
01-25-24 141 Fannie Mae Pool #256393 99.67 141 100.00 141 0
6.000% Due 09-01-36
TOTAL 32,539 32,527 -13
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
01-02-24 Portfolio Investment Fees Payable 10
TOTAL 10
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-24 Pool A Cash 414,394
TOTAL 414,394
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-08-24 1,700 Jpmorgan Chase & Co 67.46 114,676 169.71 288,511 173,834 TOTAL 114,676 288,511 173,834
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-10-24 Pool A Cash 2,400,000
01-31-24 Pool A Cash 20,786
TOTAL 2,420,786
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-08-24 70 Alphabet Inc Cll Opt 151.0000
01192024
0.09 614
01-08-24 150 Spdr Ser Tr Cll Opt 57.0000 01192024 0.08 1,167 01-18-24 100 Vaneck Etf Tru Cll Opt175.0000
01192024
4.12 41,221
01-18-24 -100 Vaneck Etf Tru Cll Opt191.0000
02162024
1.23 -12,313
01-18-24 100 Select Sector Cll Opt 200.0000
01192024
0.04 401
01-18-24 -100 Select Sector Cll Opt 205.0000
02162024
0.73 -7,320
01-19-24 -100 Vaneck Etf Tru Cll Opt200.0000
02162024
0.93 -9,297
01-19-24 -100 Spdr S&p 500 E Cll Opt499.0000
02162024
0.58 -5,797
TOTAL 8,674
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-08-24 0 Alphabet Inc Cll Opt 151.0000
01192024
0.00 614 0.00 6,579 5,964
01-08-24 0 Spdr Ser Tr Cll Opt 57.0000 01192024 0.00 1,167 0.00 12,000 10,833 01-18-24 0 Vaneck Etf Tru Cll Opt175.0000
01192024
0.00 41,221 0.00 7,556 -33,665
01-18-24 0 Select Sector Cll Opt 200.0000
01192024
0.00 401 0.00 7,798 7,397
01-19-24 -150 Spdr Ser Tr Cll Opt 52.0000 01192024 0.00 0 0.00 9,147 9,147 TOTAL 43,402 43,080 -323
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-10-24 Pool A Cash 2,800,000
01-31-24 Pool A Cash 27,952
TOTAL 2,827,952
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-30-24 60,000 Ishares Msci Acwi Us Etf 46.36 2,781,399 50.38 3,022,776 241,377 01-31-24 60,000 Ishares Msci Acwi Us Etf 46.36 2,781,399 50.47 3,028,494 247,095 TOTAL 5,562,798 6,051,270 488,472
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-10-24 Pool A Cash 800,000
01-31-24 Pool A Cash 1,132
TOTAL 801,132
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-02-24 500,000 MUFG Union Bank 97.08 485,395
5.180% Due 07-23-24
01-03-24 500,000 Federal Farm Credit Bank 100.00 500,000
5.440% Due 01-09-29
TOTAL 985,395
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
01-24-24 500,000 Freddie Mac 100.00 500,000 100.00 500,000 0
6.250% Due 10-24-28
TOTAL 500,000 500,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-29-24 Fidelity Fund 37,383
TOTAL 37,383
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
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 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-01-24 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-24 Pool A Cash 25,072
01-19-24 Pool A Cash 2,000,000
01-26-24 Pool A Cash 3,000,000
TOTAL 5,025,072
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-24 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 01-01-24 To 01-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!