City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-00472 4/30/2024 Consent Item 25.
March 2024 Monthly Investment Transactions Report
File ID: 2024-00472
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: 2024-00472 4/30/2024 Consent Item 25.
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 March 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 February 29 was $1,563,120,122, while the market value of the Portfolio on March 31 was $1,548,854,042. The yield of the Portfolio in March was 2.76%. There were 13 total transactions for the period (6 purchases, 1 call and 6 maturities). The estimated duration of the Portfolio as of March 31, 2024, is 1.36 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 42,866,228$ -$ -$ 165,284$ 43,031,512$ Sales - - - 86,171 86,171 Calls 5,000,000 - - - 5,000,000 Maturities 42,522,601 - - - 42,522,601 Contributions 80,176,794 - - - 80,176,794 Withdrawals 100,230,451 - 18,833 8,561 100,257,845 Total 270,796,074$ -$ 18,833$ 260,016$ 271,074,923$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ 143,740$ -$ 143,740$ Sales - - 356,735 - 356,735 Calls - - - - - Maturities 34,200 - - - 34,200 Expenses 6 - - - 6 Contributions 2,700,000 - - - 2,700,000 Withdrawals 232,956 334,944 239,684 28,318 835,902 Total 2,967,162$ 334,944$ 740,159$ 28,318$ 4,070,583$ City of Sacramento
Summary of Transactions
March-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
March-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,968,792$ 1,968,792$
Sales - -
Calls - -
Maturities 1,000,000 1,000,000
Contributions 1,591,061 1,591,061
Withdrawals - -
Total 4,559,853$ 4,559,853$
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 - - 9,000,000 - - 9,000,000 Withdrawals - - - - - - Total -$ -$ 9,000,000$ -$ -$ 9,000,000$ GRAND TOTAL 288,705,359$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-01-2410,000,000 Johnson & Johnson 97.20 9,719,822
5.120% Due 09-17-24
03-22-2410,000,000 Barclays Us Fdg 97.00 9,700,425
5.210% Due 10-15-24
03-25-24 9,000,000 Ing US Funding LLC 96.88 8,719,125
5.250% Due 10-25-24
03-25-24 5,000,000 Toyota Motor Credit Corp 97.22 4,860,931
5.270% Due 10-01-24
03-26-24 5,000,000 Freddie Mac 100.00 5,000,000
5.500% Due 02-21-29
03-27-24 5,000,000 Nestle Finance Intl Ltd 97.32 4,865,925
5.190% Due 09-30-24
TOTAL 42,866,228
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
03-18-24 5,000,000 Farmer Mac 100.00 5,000,000 100.00 5,000,000 0
5.720% Due 09-18-25
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-01-24 2,500,000 California St 100.00 2,500,000 100.00 2,500,000 0
5.222% Due 03-01-24
03-05-2410,000,000 Metlife Short Term Fund 97.14 9,714,400 97.14 9,714,400 0
5.440% Due 03-05-24
03-15-24 5,000,000 New York St Urban Dev Corp Sales
Tax Rev
100.00 5,000,000 100.00 5,000,000 0
2.020% Due 03-15-24
03-19-2411,000,000 Pepsico Inc 96.86 10,655,150 96.86 10,655,150 0
5.400% Due 03-19-24
03-20-2410,000,000 Natl Sec Clearing Corp 97.12 9,712,361 97.12 9,712,361 0
5.450% Due 03-20-24
03-22-24 5,000,000 Toyota Motor Credit Corp 98.81 4,940,690 100.00 5,000,000 59,310
2.500% Due 03-22-24
TOTAL 42,522,601 42,581,911 59,310
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-24 JP Morgan Chase Cash 25,977
03-01-24 JP Morgan Chase Cash 517,602
03-04-24 JP Morgan Chase Cash 2,129,989
03-05-24 JP Morgan Chase Cash 6,962,240
03-06-24 JP Morgan Chase Cash 1,220,168
03-08-24 JP Morgan Chase Cash 2,042,894
03-11-24 JP Morgan Chase Cash 3,891,350
03-12-24 JP Morgan Chase Cash 1,959,756
03-13-24 JP Morgan Chase Cash 2,202,249
03-14-24 JP Morgan Chase Cash 1,830,491
03-15-24 JP Morgan Chase Cash 10,214
03-18-24 JP Morgan Chase Cash 3,291,550
03-19-24 JP Morgan Chase Cash 3,173,021
03-20-24 JP Morgan Chase Cash 240,869
03-22-24 JP Morgan Chase Cash 9,000,000
03-25-24 JP Morgan Chase Cash 22,074,954
03-26-24 JP Morgan Chase Cash 7,880,118
03-27-24 JP Morgan Chase Cash 3,475,231
03-28-24 JP Morgan Chase Cash 2,891,732
03-29-24 JP Morgan Chase Cash 4,981,824
03-29-24 Fidelity Fund 14,295
03-29-24 Fidelity Fund 6,072
03-29-24 Fidelity Fund 18,840
03-29-24 Fidelity Fund 334,944
03-29-24 Fidelity Fund 412
TOTAL 80,176,794
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-01-24 JP Morgan Chase Cash 5,537,486
03-04-24 JP Morgan Chase Cash 3,304,847
03-05-24 JP Morgan Chase Cash 15,729,432
03-05-24 Fidelity Fund 2,784,528
03-06-24 JP Morgan Chase Cash 6,942,090
03-07-24 JP Morgan Chase Cash 1,678,381
03-08-24 JP Morgan Chase Cash 579,026
03-11-24 JP Morgan Chase Cash 2,142,598
03-12-24 JP Morgan Chase Cash 1,541,482
03-13-24 JP Morgan Chase Cash 1,562,801
03-14-24 JP Morgan Chase Cash 1,313,036
03-14-24 Fidelity Fund 6
03-15-24 JP Morgan Chase Cash 2,265,567
03-18-24 JP Morgan Chase Cash 3,162,773
03-19-24 JP Morgan Chase Cash 16,182,281
03-20-24 JP Morgan Chase Cash 9,076,090
03-21-24 JP Morgan Chase Cash 3,864,437
03-22-24 JP Morgan Chase Cash 7,228,568
03-25-24 JP Morgan Chase Cash 1,656,323
03-26-24 JP Morgan Chase Cash 6,230,978
03-27-24 JP Morgan Chase Cash 2,622,368
03-28-24 JP Morgan Chase Cash 2,541,559
03-29-24 JP Morgan Chase Cash 2,283,772
03-29-24 Fidelity Fund 5
03-29-24 Fidelity Fund 8
03-29-24 Fidelity Fund 7
TOTAL 100,230,451
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 18,833
TOTAL 18,833
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-12-24 800 Ishares Select Dividend ETF 120.33 96,264
03-12-24 4,000 At&t Inc 17.25 69,020
TOTAL 165,284
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-12-24 100 Caterpillar Inc Del Com 69.20 6,920 337.54 33,754 26,834 03-12-24 80 Home Depot Inc 246.33 19,706 374.91 29,993 10,286 03-12-24 300 Block H & R Inc 22.17 6,652 47.19 14,158 7,506 03-12-24 200 International Bus Mach 137.01 27,403 198.46 39,692 12,289 03-12-24 1,000 Intel Corp 25.49 25,489 45.18 45,185 19,695 TOTAL 86,171 162,781 76,610
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 8,561
TOTAL 8,561
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-01-24 25,579 Walgreens Drugs/Adahi, Inc 100.00 25,579 100.00 25,579 0
6.500% Due 05-01-24
03-15-24 95 Gnma Pool #439515 98.06 94 100.00 95 2
7.000% Due 03-15-27
03-15-24 1,116 Gnma Pool #550718 97.31 1,086 100.00 1,116 30
5.000% Due 11-15-35
03-15-24 374 Gnma Pool #648348 99.66 373 100.00 374 1
5.500% Due 10-15-35
03-25-24 3,159 Freddie Mac Pool #SD8278 101.37 3,203 100.00 3,159 -43
6.000% Due 12-01-52
03-25-24 3,132 Freddie Mac Pool #SD8343 100.06 3,134 100.00 3,132 -2
6.000% Due 07-01-53
03-25-24 735 Fannie Mae Pool #256393 99.67 733 100.00 735 2
6.000% Due 09-01-36
TOTAL 34,200 34,190 -10
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
03-01-24 Portfolio Investment Fees Payable 6
TOTAL 6
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-04-24 Pool A Cash 2,700,000
TOTAL 2,700,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 232,956
TOTAL 232,956
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 334,944
TOTAL 334,944
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-08-24 60 Amazon Com Inc Cll Opt185.0000
03152024
0.24 1,455
03-08-24 -60 Amazon Com Inc Cll Opt190.0000
04192024
1.77 -10,627
03-08-24 100 Vaneck Etf Tru Cll Opt205.0000
03152024
24.10 241,022
03-08-24 -100 Vaneck Etf Tru Cll Opt245.0000
04192024
5.42 -54,216
03-12-24 300 Select Sector Cll Opt 215.0000
03152024
0.30 8,999
03-12-24 -300 Select Sector Cll Opt 225.0000
04192024
0.82 -24,523
03-13-24 24 Meta Platforms Cll Opt510.0000
03152024
2.66 6,383
03-13-24 -24 Meta Platforms Cll Opt535.0000
04192024
8.00 -19,196
03-14-24 100 Vaneck Etf Tru Cll Opt220.0000
03152024
1.41 14,066
03-14-24 -100 Vaneck Etf Tru Cll Opt245.0000
04192024
2.21 -22,085
03-14-24 100 Spdr S&p 500 E Cll Opt516.0000
03152024
0.61 6,135
03-14-24 -100 Spdr S&p 500 E Cll Opt533.0000
04192024
1.59 -15,854
03-19-24 100 Vaneck Etf Tru Cll Opt245.0000
04192024
0.86 8,578
03-27-24 300 Select Sector Cll Opt 225.0000
04192024
0.12 3,605
TOTAL 143,740
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-07-24 2,500 Vaneck Vectors Semiconductor Etf 26.60 66,493 232.92 582,300 515,807 03-08-24 0 Amazon Com Inc Cll Opt185.0000
03152024
0.00 1,455 0.00 7,078 5,623
03-08-24 0 Vaneck Etf Tru Cll Opt205.0000
03152024
0.00 241,022 0.00 12,338 -228,683
03-12-24 0 Select Sector Cll Opt 215.0000
03152024
0.00 8,999 0.00 17,486 8,487
03-13-24 0 Meta Platforms Cll Opt510.0000
03152024
0.00 6,383 0.00 18,491 12,108
03-14-24 0 Vaneck Etf Tru Cll Opt220.0000
03152024
0.00 14,066 0.00 25,526 11,460
03-14-24 0 Spdr S&p 500 E Cll Opt516.0000
03152024
0.00 6,135 0.00 15,337 9,202
03-19-24 0 Vaneck Etf Tru Cll Opt245.0000
04192024
0.00 8,578 0.00 38,150 29,573
03-27-24 0 Select Sector Cll Opt 225.0000
04192024
0.00 3,605 0.00 24,523 20,918
TOTAL 356,735 741,230 384,495
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 239,684
TOTAL 239,684
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-24 Pool A Cash 28,318
TOTAL 28,318
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-25-24 1,000,000 Ing US Funding LLC 96.88 968,792
5.250% Due 10-25-24
03-26-24 1,000,000 Freddie Mac 100.00 1,000,000
5.500% Due 02-21-29
TOTAL 1,968,792
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-15-24 1,000,000 New York St Urban Dev Corp Sales
Tax Rev
100.00 1,000,000 100.00 1,000,000 0
2.020% Due 03-15-24
TOTAL 1,000,000 1,000,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-01-24 Fidelity Fund 1,591,061
TOTAL 1,591,061
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
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 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-22-24 Pool A Cash 9,000,000
TOTAL 9,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 03-01-24 To 03-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!