City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-00892 5/28/2024 Consent Item 3.
April 2024 Monthly Investment Transactions Report
File ID: 2024-00892
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: 2024-00892 5/28/2024 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 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 April 30, 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 March 31 was $1,548,854,042, while the market value of the Portfolio on April 30 was $1,570,658,645. The yield of the Portfolio in April was 2.87%. There were 14 total transactions for the period (7 purchases, 2 calls and 5 maturities). The estimated duration of the Portfolio as of April 30, 2024, is 1.29 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 56,486,093$ -$ 198,670$ -$ 56,684,763$ Sales - - 111,066 - 111,066 Calls 11,000,000 - - - 11,000,000 Maturities 31,210,253 - - - 31,210,253 Contributions 135,055,346 - - - 135,055,346 Withdrawals 115,081,174 - 9,342 2,243 115,092,759 Total 348,832,866$ -$ 319,078$ 2,243$ 349,154,187$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 202,500$ -$ 34,401$ -$ 236,901$ Sales 191,613 - 9,503 - 201,116 Calls 509,490 - - - 509,490 Maturities 34,010 - - - 34,010 Expenses 4 - - - 4 Contributions - - - - - Withdrawals 2,016,123 21,806 19,355 2 2,057,286 Total 2,953,740$ 21,806$ 63,259$ 2$ 3,038,807$ City of Sacramento
Summary of Transactions
April-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
April-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,000,000$ 1,000,000$
Sales - -
Calls 1,000,000 1,000,000
Maturities - -
Contributions - -
Withdrawals - -
Total 2,000,000$ 2,000,000$
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 - 2,000,517.00 3,023,750 1,250 - 5,025,517 Total -$ 2,000,517$ 4,213,055$ 1,250$ -$ 6,214,822$ GRAND TOTAL 360,407,816$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-03-24 9,000,000 Metlife Short Term Fund 97.20 8,748,285
5.190% Due 10-15-24
04-19-2410,000,000 Ing (US) Funding LLC 96.86 9,685,539
5.290% Due 11-22-24
04-19-24 9,000,000 Cooperatieve Centrale Raiffeis 97.97 8,816,940
3.375% Due 05-21-25
04-23-24 5,000,000 MUFG Union Ba nk
96.83 4,841,437
5.310% Due 11-25-24
04-24-24 5,000,000 Freddie Mac 100.00 5,000,000
5.875% Due 11-15-28
04-25-2410,000,000 LLoyds Bank Plc 96.82 9,682,278
5.320% Due 11-26-24
04-26-2410,000,000 Sanofi 97.12 9,711,614
5.270% Due 11-12-24
TOTAL 56,486,093
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
04-02-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
6.000% Due 10-02-28
04-26-24 6,000,000 Freddie Mac 100.00 6,000,000 100.00 6,000,000 0
6.060% Due 10-26-27
TOTAL 11,000,000 11,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-01-2410,000,000 Toyota Industries Comm 97.20 9,719,922 97.20 9,719,922 0
5.540% Due 04-01-24
04-01-24 2,000,000 Virginia Housing Development
Authority
100.00 2,000,000 100.00 2,000,000 0
1.906% Due 04-01-24
04-16-24 5,000,000 Natl Sec Clearing Corp 97.06 4,853,153 97.06 4,853,153 0
5.450% Due 04-16-24
04-16-2410,000,000 Toyota Motor Credit Corp 96.37 9,637,178 96.37 9,637,178 0
5.630% Due 04-16-24
04-29-24 5,000,000 JP Morgan Chase Financia l Co LLC 100.00 5,000,000 100.00 5,000,000 0
3.125% Due 04-29-24
TOTAL 31,210,253 31,210,253 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-01-24 JP Morgan Chase Cash 3,528,372
04-01-24 JP Morgan Chase Cash 25,979
04-01-24 Fidelity Fund 1,700,000
04-02-24 JP Morgan Chase Cash 5,864,495
04-03-24 JP Morgan Chase Cash 5,146,078
04-03-24 Fidelity Fund 206,977
04-03-24 Fidelity Fund 162,222
04-03-24 Fidelity Fund 19,874
04-03-24 Fidelity Fund 19,874
04-03-24 Fidelity Fund 19,874
04-05-24 JP Morgan Chase Cash 2,778,922
04-08-24 JP Morgan Chase Cash 3,113,739
04-09-24 JP Morgan Chase Cash 3,376,791
04-10-24 JP Morgan Chase Cash 1,483,232
04-11-24 JP Morgan Chase Cash 1,874,370
04-12-24 JP Morgan Chase Cash 1,853,974
04-15-24 JP Morgan Chase Cash 146,990
04-16-24 JP Morgan Chase Cash 2,632,239
04-17-24 JP Morgan Chase Cash 1,053,431
04-18-24 JP Morgan Chase Cash 76,939
04-19-24 JP Morgan Chase Cash 52,305,350
04-22-24 JP Morgan Chase Cash 3,780,393
04-23-24 JP Morgan Chase Cash 4,753,356
04-24-24 JP Morgan Chase Cash 24,318,531
04-25-24 JP Morgan Chase Cash 3,055,699
04-26-24 JP Morgan Chase Cash 521,511
04-29-24 JP Morgan Chase Cash 3,513,646
04-29-24 Fidelity Fund 3,000
04-30-24 JP Morgan Chase Cash 6,858,444
04-30-24 Fidelity Fund 4,477
04-30-24 Fidelity Fund 2,243
04-30-24 Fidelity Fund 18,844
04-30-24 Fidelity Fund 316,123
04-30-24 Fidelity Fund 519,355
TOTAL 135,055,346
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-24 JP Morgan Chase Cash 4,240,008
04-02-24 JP Morgan Chase Cash 14,749,503
04-03-24 JP Morgan Chase Cash 5,749,601
04-03-24 Fidelity Fund 19,874
04-04-24 JP Morgan Chase Cash 1,528,130
04-04-24 Fidelity Fund 19,872
04-05-24 JP Morgan Chase Cash 2,122,463
04-08-24 JP Morgan Chase Cash 3,982,350
04-09-24 JP Morgan Chase Cash 4,430,114
04-10-24 JP Morgan Chase Cash 5,027,392
04-11-24 JP Morgan Chase Cash 1,500,037
04-12-24 JP Morgan Chase Cash 3,000,000
04-12-24 JP Morgan Chase Cash 2,100,347
04-15-24 JP Morgan Chase Cash 4,549,820
04-16-24 JP Morgan Chase Cash 13,898,243
04-17-24 JP Morgan Chase Cash 6,667,643
04-18-24 JP Morgan Chase Cash 6,294,760
04-19-24 JP Morgan Chase Cash 1,028,834
04-22-24 JP Morgan Chase Cash 6,820,820
04-23-24 JP Morgan Chase Cash 1,260,060
04-24-24 JP Morgan Chase Cash 1,202,293
04-25-24 JP Morgan Chase Cash 1,992,597
04-26-24 JP Morgan Chase Cash 5,269,708
04-29-24 JP Morgan Chase Cash 2,000,517
04-29-24 JP Morgan Chase Cash 785,410
04-30-24 JP Morgan Chase Cash 14,837,777
04-30-24 Fidelity Fund 3,000
TOTAL 115,081,174
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-25-24 200,000 Bristol-Myers Squibb Co 99.33 198,670
4.900% Due 02-22-27
TOTAL 198,670
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-22-24 235 Caterpillar Inc Del Com 73.80 17,342 361.35 84,918 67,575 04-22-24 3,000 Select Sector Spdr Tr Sbi Int-Finl 31.24 93,724 41.08 123,254 29,530 TOTAL 111,066 208,172 97,106
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-24 Pool A Cash 9,342
TOTAL 9,342
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-24 Pool A Cash 2,243
TOTAL 2,243
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-15-24 200,000 Humana Inc 101.25 202,500
5.750% Due 12-01-28
TOTAL 202,500
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-01-24 135,000 Bay Area Toll Auth Calif Toll Toll Brid 102.50 138,375 100.00 135,000 -3,375
6.793% Due 04-01-30
04-01-24 50,000 Sacramento Calif Pub Fing Auth 106.48 53,238 100.00 50,000 -3,238
5.637% Due 04-01-50
TOTAL 191,613 185,000 -6,613
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
04-30-24 500,000 Los Angeles Calif Uni Sch Dist 101.90 509,490 100.33 501,670 -7,820
5.755% Due 07-01-29
TOTAL 509,490 501,670 -7,820
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
04-01-24 25,717 Walgreens Drugs/Adahi, Inc 100.00 25,717 100.00 25,717 0
6.500% Due 05-01-24
04-15-24 96 Gnma Pool #439515 98.06 94 100.00 96 2
7.000% Due 03-15-27
04-15-24 1,074 Gnma Pool #550718 97.31 1,045 100.00 1,074 29
5.000% Due 11-15-35
04-15-24 376 Gnma Pool #648348 99.66 375 100.00 376 1
5.500% Due 10-15-35
04-25-24 2,973 Freddie Mac Pool #SD8278 101.37 3,014 100.00 2,973 -41
6.000% Due 12-01-52
04-25-24 3,531 Freddie Mac Pool #SD8343 100.06 3,533 100.00 3,531 -2
6.000% Due 07-01-53
04-25-24 232 Fannie Mae Pool #256393 99.67 231 100.00 232 1
6.000% Due 09-01-36
TOTAL 34,010 34,000 -10
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
EXPENSES
04-01-24 Portfolio Investment Fees Payable 4
TOTAL 4
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-24 Pool A Cash 1,700,000
04-30-24 Pool A Cash 316,123
TOTAL 2,016,123
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-24 Pool A Cash 21,806
TOTAL 21,806
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-03-24 -200 Select Sector Cll Opt 105.0000
05172024
0.48 -9,595
04-08-24 100 Vaneck Etf Tru Cll Opt245.0000
04192024
0.27 2,678
04-10-24 100 Spdr S&p 500 E Cll Opt533.0000
04192024
0.17 1,678
04-16-24 60 Amazon Com Inc Cll Opt190.0000
04192024
0.36 2,147
04-16-24 24 Meta Platforms Cll Opt535.0000
04192024
0.33 787
04-23-24 -60 Amazon Com Inc Cll Opt200.0000
05172024
1.38 -8,278
04-23-24 -70 Alphabet Inc Cll Opt 177.5000
05172024
1.04 -7,278
04-23-24 -24 Meta Platforms Cll Opt570.0000
05172024
5.28 -12,671
04-23-24 -100 Vaneck Etf Tru Cll Opt230.0000
05172024
0.61 -6,081
04-25-24 24 Meta Platforms Cll Opt570.0000
05172024
0.11 259
04-26-24 200 Select Sector Cll Opt 105.0000
05172024
0.10 1,955
TOTAL -34,401
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
04-08-24 0 Vaneck Etf Tru Cll Opt245.0000
04192024
0.00 2,678 0.00 38,150 35,473
04-10-24 0 Spdr S&p 500 E Cll Opt533.0000
04192024
0.00 1,678 0.00 15,854 14,176
04-16-24 0 Amazon Com Inc Cll Opt190.0000
04192024
0.00 2,147 0.00 10,627 8,481
04-16-24 0 Meta Platforms Cll Opt535.0000
04192024
0.00 787 0.00 19,196 18,410
04-25-24 0 Meta Platforms Cll Opt570.0000
05172024
0.00 259 0.00 12,671 12,413
04-26-24 0 Select Sector Cll Opt 105.0000
05172024
0.00 1,955 0.00 9,595 7,639
TOTAL 9,503 106,094 96,591
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-24 Pool A Cash 19,355
TOTAL 19,355
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-30-24 Pool A Cash 2
TOTAL 2
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
04-24-24 1,000,000 Freddie Mac 100.00 1,000,000
5.875% Due 11-15-28
TOTAL 1,000,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
04-02-24 500,000 Federal Farm Credit Bank 100.00 500,000 100.00 500,000 0
6.000% Due 10-02-28
04-26-24 500,000 Freddie Mac 100.00 500,000 100.00 500,000 0
6.060% Due 10-26-27
TOTAL 1,000,000 1,000,000 0
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
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 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-29-24 Pool A Cash 2,000,517
TOTAL 2,000,517
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
04-01-24 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-24 Pool A Cash 23,750
04-12-24 Pool A Cash 3,000,000
TOTAL 3,023,750
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
04-01-24 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 04-01-24 To 04-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!