City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01223 7/30/2024 Consent Item 1.
June 2024 Monthly Investment Transactions Report
File ID: 2024-01223
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 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: 2024-01223 7/30/2024 Consent Item 1.
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 25,2024, 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 June 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 May 31 was $1,688,642,722, while the market value of the Portfolio on June 30 was $1,701,779,718. The yield of the Portfolio in June was 3.05%. There were 23 total transactions for the period (12 purchases, 1 sale and 10 maturities). The estimated duration of the Portfolio as of June 30, 2024, is 1.14 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 72,523,940$ - $ - $ - $ 72,523,940$ Sales 4,935,050 - - - 4,935,050 Calls - - - - - Maturities 44,531,751 - - - 44,531,751 Contributions 91,571,711 - - - 91,571,711 Withdrawals 86,162,431 - 19,956 7,881 86,190,268 Total 299,724,883 $ - $ 19,956$ 7,881 $ 299,752,720 $ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 4,259,487$ - $ 339,733$ - $ 4,599,220$ Sales - - 1,662,529 - 1,662,529 Calls - - - - - Maturities 14,492 - - - 14,492 Expenses - - - - - Contributions 8,300,000 500,000 - - 8,800,000 Withdrawals 98,802 2,328,964 7,051,279 1,052,524 10,531,569 Total 12,672,781 $ 2,828,964 $ 9,053,541 $ 1,052,524 $ 25,607,810 $ City of Sacramento
Summary of Transactions
June-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
June-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 998,180$ 998,180$
Sales - -
Calls - -
Maturities 229,577 229,577
Contributions - -
Withdrawals - -
Total 1,227,757 $ 1,227,757$
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 -$ - $ - $ 243,250$ - $ 243,250$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 6,189,305 - - 6,189,305 Withdrawals - - - 250,437 809,677 1,060,114 Total - $ - $ 6,189,305$ 493,687 $ 809,677 $ 7,492,669 $ GRAND TOTAL 334,080,956$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-03-24 8,000,000 Apple Inc 98.20 7,855,920
3.200% Due 05-13-25
06-04-24 5,000,000 Berkshire Hathaway Energy Co 98.70 4,935,050
3.500% Due 02-01-25
06-05-24 5,000,000 US Bank Assn Cincinnati Oh Mtn 98.34 4,917,000
2.800% Due 01-27-25
06-05-24 7,000,000 Natixis NY 96.47 6,752,814
5.210% Due 02-04-25
06-05-24 5,000,000 Federal Home Loan Bank 100.00 5,000,000
5.600% Due 06-25-27
06-06-24 5,000,000 Cooperatieve Rabobank UA/NY 99.82 4,990,900
5.000% Due 01-13-25
06-06-24 5,000,000 Metlife Short Term Fund 96.95 4,847,458
5.230% Due 01-03-25
06-10-24 5,000,000 Amazon Com Inc 98.13 4,906,350
3.000% Due 04-13-25
06-10-24 5,000,000 Canadian Imperial Bank 99.77 4,988,300
5.144% Due 04-28-25
06-10-24 5,000,000 Royal Bank of Canada 99.65 4,982,500
4.950% Due 04-25-25
06-24-2410,000,000 Natixis NY 96.41 9,641,025
5.190% Due 02-28-25
06-24-24 9,000,000 Societe Generale 96.74 8,706,622
5.310% Due 01-31-25
TOTAL 72,523,940
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
06-05-24 5,000,000 Berkshire Hathaway Energy Co 98.70 4,935,050 98.55 4,927,300 -7,750
3.500% Due 02-01-25
TOTAL 4,935,050 4,927,300 -7,750
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-01-24 2,500,000 California Health Facs Fing Auth
Revenue
100.00 2,500,000 100.00 2,500,000 0
2.020% Due 06-01-24
06-01-24 750,000 California Health Facs Fing Auth
Revenue
100.00 750,000 100.00 750,000 0
0.752% Due 06-01-24
06-03-24 2,000,000 Hormel Foods Corp 100.15 2,002,920 100.00 2,000,000 -2,920
0.650% Due 06-03-24
06-10-24 7,000,000 Pfizer Inc 97.31 6,811,710 97.31 6,811,710 0
5.350% Due 06-10-24
06-11-2410,000,000 Microsoft Corp 97.21 9,721,133 97.21 9,721,133 0
5.340% Due 06-11-24
06-13-24 9,000,000 U. S. Treasury Bill 98.28 8,845,422 98.28 8,845,422 0
5.110% Due 06-13-24
06-14-24 3,015,000 Mercedes-Benz Finance NA 98.17 2,959,886 100.00 3,015,000 55,114
2.700% Due 06-14-24
06-14-24 4,000,000 Nvidia Corporation 96.46 3,858,440 100.00 4,000,000 141,560
0.584% Due 06-14-24
06-14-24 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
3.000% Due 06-14-24
06-21-24 2,000,000 Jackson National Life Global 104.11 2,082,240 100.00 2,000,000 -82,240
2.650% Due 06-21-24
TOTAL 44,531,751 44,643,266 111,514
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-03-24 JP Morgan Chase Cash 4,729,308
06-04-24 JP Morgan Chase Cash 8,114,765
06-05-24 JP Morgan Chase Cash 3,269,552
06-06-24 JP Morgan Chase Cash 3,082,356
06-07-24 JP Morgan Chase Cash 2,684,372
06-10-24 JP Morgan Chase Cash 2,358,371
06-11-24 JP Morgan Chase Cash 2,635,022
06-12-24 JP Morgan Chase Cash 159,509
06-14-24 JP Morgan Chase Cash 1,322,106
06-17-24 JP Morgan Chase Cash 2,180,219
06-17-24 Fidelity Fund 10,362
06-18-24 JP Morgan Chase Cash 2,232,275
06-20-24 JP Morgan Chase Cash 2,337,386
06-21-24 JP Morgan Chase Cash 7,836,776
06-24-24 JP Morgan Chase Cash 22,201,120
06-25-24 JP Morgan Chase Cash 5,258,969
06-26-24 JP Morgan Chase Cash 9,159,617
06-27-24 JP Morgan Chase Cash 1,890,584
06-28-24 JP Morgan Chase Cash 1,000,000
06-28-24 JP Morgan Chase Cash 5,000,000
06-28-24 JP Morgan Chase Cash 3,356,716
06-28-24 Fidelity Fund 14,724
06-28-24 Fidelity Fund 7,881
06-28-24 Fidelity Fund 19,956
06-28-24 Fidelity Fund 98,802
06-28-24 Fidelity Fund 307,160
06-28-24 Fidelity Fund 52,524
06-28-24 Fidelity Fund 251,279
TOTAL 91,571,711
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-03-24 JP Morgan Chase Cash 2,495,777
06-04-24 JP Morgan Chase Cash 3,486,069
06-05-24 JP Morgan Chase Cash 1,631,307
06-06-24 JP Morgan Chase Cash 1,784,495
06-07-24 JP Morgan Chase Cash 1,324,916
06-10-24 JP Morgan Chase Cash 2,734,670
06-11-24 JP Morgan Chase Cash 14,587,779
06-12-24 JP Morgan Chase Cash 6,072,877
06-13-24 JP Morgan Chase Cash 4,391,050
06-14-24 JP Morgan Chase Cash 1,019,239
06-17-24 JP Morgan Chase Cash 4,895,407
06-18-24 JP Morgan Chase Cash 3,064,482
06-20-24 JP Morgan Chase Cash 2,901,132
06-21-24 JP Morgan Chase Cash 2,717,712
06-24-24 JP Morgan Chase Cash 4,428,645
06-25-24 JP Morgan Chase Cash 15,727,896
06-26-24 JP Morgan Chase Cash 7,975,569
06-27-24 JP Morgan Chase Cash 1,913,510
06-28-24 JP Morgan Chase Cash 761,069
06-28-24 JP Morgan Chase Cash 48,608
06-28-24 JP Morgan Chase Cash 2,200,222
TOTAL 86,162,431
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-24 Pool A Cash 19,956
TOTAL 19,956
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-24 Pool A Cash 7,881
TOTAL 7,881
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-05-24 500,000 Coca Cola Co 101.28 506,400
5.250% Due 06-01-29
06-10-24 500,000 U.S. Treasury Note 99.98 499,922
4.875% Due 05-31-26
06-11-24 750,000 Bristol-Myers Squibb Co 99.85 748,890
4.900% Due 02-22-29
06-11-24 750,000 Home Depot Inc 100.15 751,125
4.900% Due 04-15-29
06-11-24 750,000 Thermo Fisher Scientific Inc 100.42 753,150
5.000% Due 01-31-29
06-14-24 1,000,000 Jefferies Financial Group Inc 100.00 1,000,000
6.000% Due 12-21-29
TOTAL 4,259,487
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-17-24 97 Gnma Pool #439515 98.06 95 100.00 97 2
7.000% Due 03-15-27
06-17-24 1,112 Gnma Pool #550718 97.31 1,082 100.00 1,112 30
5.000% Due 11-15-35
06-17-24 380 Gnma Pool #648348 99.66 379 100.00 380 1
5.500% Due 10-15-35
06-25-24 3,244 Freddie Mac Pool #SD8278 101.37 3,288 100.00 3,244 -45
6.000% Due 12-01-52
06-25-24 3,491 Freddie Mac Pool #SD8343 100.06 3,494 100.00 3,491 -2
6.000% Due 07-01-53
06-25-24 6,016 Freddie Mac Pool #SD8432 100.41 6,040 100.00 6,016 -24
6.000% Due 05-01-54
06-25-24 114 Fannie Mae Pool #256393 99.67 114 100.00 114 0
6.000% Due 09-01-36
TOTAL 14,492 14,455 -38
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-04-24 Fidelity Fund 2,800,000
06-04-24 Fidelity Fund 2,000,000
06-25-24 Fidelity Fund 3,500,000
TOTAL 8,300,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-30-24 Pool A Cash 98,802
TOTAL 98,802
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-25-24 Fidelity Fund 500,000
TOTAL 500,000
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-04-24 Fidelity Fund 2,000,000
06-30-24 Pool A Cash 328,964
TOTAL 2,328,964
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-13-24 100 Vaneck Etf Tru Cll Opt255.0000
06212024
13.21 132,078
06-13-24 100 Spdr S&p 500 E Cll Opt540.0000
06212024
3.51 35,078
06-18-24 100 Vaneck Etf Tru Cll Opt260.0000
06212024
17.26 172,578
TOTAL 339,733
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
06-13-24 0 Vaneck Etf Tru Cll Opt255.0000
06212024
0.00 132,078 0.00 9,197 -122,880
06-13-24 0 Spdr S&p 500 E Cll Opt540.0000
06212024
0.00 35,078 0.00 14,947 -20,131
06-14-24 5,000 Vaneck Vectors Semiconductor Etf 26.60 132,986 268.25 1,341,241 1,208,255 06-18-24 0 Vaneck Etf Tru Cll Opt260.0000
06212024
0.00 172,578 0.00 13,525 -159,052
06-24-24 1,000 Amazon.com Inc. 24.74 24,740 187.85 187,847 163,107 06-24-24 6,000 Select Sector Spdr Tr Sbi Materials 58.97 353,845 89.77 538,605 184,760 06-24-24 4,600 Select Sector Spdr Tr Sbi Int-Energy 62.34 286,745 90.75 417,438 130,694 06-24-24 5,000 Select Sector Spdr Tr Technology 54.61 273,049 224.63 1,123,139 850,090 06-24-24 3,100 Select Sector Spdr Tr Sbi Cons Discr 81.11 251,432 182.35 565,270 313,838 TOTAL 1,662,529 4,211,210 2,548,682
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-04-24 Fidelity Fund 2,800,000
06-25-24 Fidelity Fund 3,500,000
06-25-24 Fidelity Fund 500,000
06-30-24 Pool A Cash 251,279
TOTAL 7,051,279
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-28-24 Pool A Cash 1,000,000
06-30-24 Pool A Cash 52,524
TOTAL 1,052,524
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-06-24 1,000,000 Cooperatieve Rabobank UA/NY 99.82 998,180
5.000% Due 01-13-25
TOTAL 998,180
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-14-24 238,000 Nvidia Corporation 96.46 229,577 100.00 238,000 8,423
0.584% Due 06-14-24
TOTAL 229,577 238,000 8,423
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
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 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
06-01-24 Pool A Cash 1,189,305
06-28-24 Pool A Cash 5,000,000
TOTAL 6,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
06-14-24 250,000 Home Depot Inc 97.30 243,250
3.900% Due 12-06-28
TOTAL 243,250
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
06-14-24 250,000 Federal Home Loan Bank 100.17 250,437 100.00 250,000 -437
3.125% Due 06-14-24
TOTAL 250,437 250,000 -437
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 06-01-24 To 06-30-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
06-28-24 Pool A Cash 761,069
06-28-24 Pool A Cash 48,608
TOTAL 809,677