City of Sacramento
City Council - 5PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2024-01224 8/27/2024 Consent Item 1.
July 2024 Monthly Investment Transactions Report
File ID: 2024-01224
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: 2024-01224 8/27/2024 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 July 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 June 30 was $1,701,779,718, while the market value of the Portfolio on July 31 was $1,686,482,221. The yield of the Portfolio in July was 3.07%. There were 9 total transactions for the period (4 purchases, 1 call and 4 maturities). The estimated duration of the Portfolio as of July 31, 2024, is 1.07 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 20,713,852$ -$ -$ -$ 20,713,852$ Sales - - - - - Calls 4,995,000 - - - 4,995,000 Maturities 31,239,954 - - - 31,239,954 Contributions 96,896,310 - - - 96,896,310 Withdrawals 124,891,050 - 23,678 2,149 124,916,877 Total 278,736,166$ -$ 23,678$ 2,149$ 278,761,993$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 4,534,625$ -$ 610,926$ -$ 5,145,551$ Sales - - 3,585,187 - 3,585,187 Calls 568,875 - - - 568,875 Maturities 13,617 - - - 13,617 Expenses - - - - - Contributions 2,000,000 - - - 2,000,000 Withdrawals 422,983 20,181 3,022,607 1,000,078 4,465,849 Total 7,540,100$ 20,181$ 7,218,720$ 1,000,078$ 15,779,079$ City of Sacramento
Summary of Transactions
July-24
ATTACHMENT A
City of Sacramento
Summary of Transactions
July-24
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 1,000,000$ 1,000,000$
Sales - -
Calls 499,500 499,500
Maturities 3,214,211 3,214,211
Contributions 446,383 446,383
Withdrawals - -
Total 5,160,094$ 5,160,094$
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 - - 3,000,000 - - 3,000,000 Total -$ -$ 4,189,305$ -$ -$ 4,189,305$ GRAND TOTAL 303,890,471$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-11-24 5,000,000 MUFG Union Ba nk
96.63 4,831,522
5.140% Due 03-04-25
07-24-24 5,000,000 Abbvie Inc 99.08 4,954,150
3.800% Due 03-15-25
07-24-24 6,000,000 Disney Walt Co 98.80 5,928,180
3.350% Due 03-24-25
07-25-24 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
5.000% Due 07-29-27
TOTAL 20,713,852
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
07-29-24 5,000,000 Federal Farm Credit Bank 99.90 4,995,000 100.00 5,000,000 5,000
5.290% Due 04-21-26
TOTAL 4,995,000 5,000,000 5,000
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-01-24 5,000,000 California Earthquake Auth Rev 99.98 4,998,900 100.00 5,000,000 1,100
5.493% Due 07-01-24
07-09-24 8,000,000 Johnson & Johnson 97.45 7,795,671 97.45 7,795,671 0
5.080% Due 07-09-24
07-23-2410,000,000 MUFG Union Bank 97.08 9,707,906 97.08 9,707,906 0
5.180% Due 07-23-24
07-26-24 9,000,000 Federal Home Loan Bank Disc 97.08 8,737,477 97.08 8,737,477 0
4.930% Due 07-26-24
TOTAL 31,239,954 31,241,054 1,100
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-01-24 JP Morgan Chase Cash 10,052,083
07-01-24 Fidelity Fund 103
07-02-24 JP Morgan Chase Cash 5,951,805
07-03-24 JP Morgan Chase Cash 6,956,814
07-05-24 JP Morgan Chase Cash 3,265,657
07-08-24 JP Morgan Chase Cash 3,417,967
07-09-24 JP Morgan Chase Cash 7,007,622
07-10-24 JP Morgan Chase Cash 6,099,139
07-11-24 JP Morgan Chase Cash 3,765,262
07-12-24 JP Morgan Chase Cash 1,279,653
07-15-24 JP Morgan Chase Cash 1,004,942
07-15-24 Fidelity Fund 5,875
07-16-24 JP Morgan Chase Cash 3,360,079
07-17-24 JP Morgan Chase Cash 2,333,094
07-18-24 JP Morgan Chase Cash 2,249,331
07-19-24 JP Morgan Chase Cash 1,066,551
07-22-24 JP Morgan Chase Cash 2,415,846
07-23-24 JP Morgan Chase Cash 6,540,759
07-24-24 JP Morgan Chase Cash 22,237,397
07-26-24 JP Morgan Chase Cash 1,320,810
07-29-24 JP Morgan Chase Cash 1,832,913
07-30-24 JP Morgan Chase Cash 1,000,000
07-30-24 JP Morgan Chase Cash 8,577
07-30-24 Fidelity Fund 1,000,000
07-31-24 JP Morgan Chase Cash 2,228,263
07-31-24 Fidelity Fund 4,092
07-31-24 Fidelity Fund 2,149
07-31-24 Fidelity Fund 23,678
07-31-24 Fidelity Fund 422,983
07-31-24 Fidelity Fund 20,181
07-31-24 Fidelity Fund 78
07-31-24 Fidelity Fund 22,607
TOTAL 96,896,310
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-01-24 JP Morgan Chase Cash 5,092,545
07-02-24 JP Morgan Chase Cash 1,352,862
07-03-24 JP Morgan Chase Cash 2,550,410
07-05-24 JP Morgan Chase Cash 2,544,358
07-08-24 JP Morgan Chase Cash 2,263,764
07-09-24 JP Morgan Chase Cash 12,613,233
07-10-24 JP Morgan Chase Cash 7,366,811
07-11-24 JP Morgan Chase Cash 2,650,754
07-12-24 JP Morgan Chase Cash 1,419,754
07-15-24 JP Morgan Chase Cash 5,656,491
07-16-24 JP Morgan Chase Cash 3,243,345
07-17-24 JP Morgan Chase Cash 4,539,408
07-18-24 JP Morgan Chase Cash 3,821,016
07-19-24 JP Morgan Chase Cash 3,000,000
07-19-24 JP Morgan Chase Cash 2,223,337
07-22-24 JP Morgan Chase Cash 13,397,496
07-23-24 JP Morgan Chase Cash 15,473,085
07-24-24 JP Morgan Chase Cash 13,052,591
07-25-24 JP Morgan Chase Cash 5,031,687
07-26-24 JP Morgan Chase Cash 3,358,507
07-29-24 JP Morgan Chase Cash 2,029,440
07-30-24 JP Morgan Chase Cash 9,206,423
07-31-24 JP Morgan Chase Cash 3,003,733
TOTAL 124,891,050
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-24 Pool A Cash 23,678
TOTAL 23,678
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-24 Pool A Cash 2,149
TOTAL 2,149
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-08-24 500,000 American Express Credit Corp 100.19 500,960
5.098% Due 02-16-28
07-08-24 500,000 BNP Paribas 100.07 500,330
5.125% Due 01-16-29
07-08-24 500,000 Caterpillar Financial Services Corp 100.84 504,200
4.850% Due 02-27-29
07-08-24 500,000 Coca Cola Co 101.42 507,105
5.250% Due 06-01-29
07-08-24 500,000 Meta Platforms Inc 101.32 506,590
4.800% Due 05-15-30
07-08-24 500,000 Netflix Inc. 102.10 510,490
5.375% Due 11-15-29
07-08-24 500,000 Tyson Foods Inc 100.99 504,950
5.400% Due 03-15-29
07-08-24 1,000,000 Federal Home Loan Bank 100.00 1,000,000
5.000% Due 06-26-31
TOTAL 4,534,625
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
07-05-24 555,000 Bay Area Toll Auth Calif Toll Toll Brid 102.50 568,875 102.46 568,642 -233
6.793% Due 04-01-30
TOTAL 568,875 568,642 -233
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-15-24 98 Gnma Pool #439515 98.06 96 100.00 98 2
7.000% Due 03-15-27
07-15-24 1,103 Gnma Pool #550718 97.31 1,073 100.00 1,103 30
5.000% Due 11-15-35
07-15-24 382 Gnma Pool #648348 99.66 381 100.00 382 1
5.500% Due 10-15-35
07-25-24 3,743 Freddie Mac Pool #SD8278 101.37 3,795 100.00 3,743 -51
6.000% Due 12-01-52
07-25-24 2,907 Freddie Mac Pool #SD8343 100.06 2,909 100.00 2,907 -2
6.000% Due 07-01-53
07-25-24 5,156 Freddie Mac Pool #SD8432 100.41 5,177 100.00 5,156 -21
6.000% Due 05-01-54
07-25-24 186 Fannie Mae Pool #256393 99.67 186 100.00 186 1
6.000% Due 09-01-36
TOTAL 13,617 13,576 -41
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-30-24 Fidelity Fund 2,000,000
TOTAL 2,000,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-24 Pool A Cash 422,983
TOTAL 422,983
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-31-24 Pool A Cash 20,181
TOTAL 20,181
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-19-24 2,000 Invesco S&P 500 Equal Weight ETF 168.27 336,540 07-19-24 500 Spdr Tr Unit Ser 1 548.77 274,386
TOTAL 610,926
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
07-19-24 1,400 Apple Inc. 22.91 32,076 224.40 314,165 282,090 07-19-24 1,100 Alphabet, Inc. Cl C Capital Stock 24.56 27,013 179.65 197,620 170,606 07-19-24 2,300 Home Depot Inc 107.13 246,402 362.79 834,425 588,022 07-19-24 23,000 Ishares U.S. Transportation ETF 38.50 885,450 66.12 1,520,729 635,279 07-19-24 5,000 Spdr Series Trust Kbw Regn Bk Etf 43.89 219,431 56.19 280,964 61,533 07-19-24 6,000 Select Sector Spdr Tr Communication 49.57 297,444 85.12 510,715 213,271 07-19-24 6,000 Select Sector Spdr Tr Technology 54.61 327,659 220.84 1,325,043 997,385 07-19-24 6,500 Select Sector Spdr Tr Sbi Cons Stpls 48.84 317,488 78.03 507,187 189,699 07-19-24 14,000 Select Sector Spdr Tr Sbi Int-Utils 41.64 582,902 69.86 978,044 395,141 07-19-24 7,900 Select Sector Spdr Tr Sbi Healthcare 82.19 649,322 147.74 1,167,114 517,793 TOTAL 3,585,187 7,636,006 4,050,819
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-30-24 Pool A Cash 1,000,000
07-30-24 Fidelity Fund 2,000,000
07-31-24 Pool A Cash 22,607
TOTAL 3,022,607
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-30-24 Pool A Cash 1,000,000
07-31-24 Pool A Cash 78
TOTAL 1,000,078
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
07-25-24 1,000,000 Federal Farm Credit Bank 100.00 1,000,000
5.000% Due 07-29-27
TOTAL 1,000,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
07-29-24 500,000 Federal Farm Credit Bank 99.90 499,500 100.00 500,000 500
5.290% Due 04-21-26
TOTAL 499,500 500,000 500
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
07-01-24 2,730,000 California Earthquake Auth Rev 99.96 2,728,815 100.00 2,730,000 1,185
5.493% Due 07-01-24
07-23-24 500,000 MUFG Union Bank 97.08 485,395 97.08 485,395 0
5.180% Due 07-23-24
TOTAL 3,214,211 3,215,395 1,185
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-31-24 Fidelity Fund 446,383
TOTAL 446,383
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
07-01-24 Pool A Cash 1,189,305
TOTAL 1,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
07-19-24 Pool A Cash 3,000,000
TOTAL 3,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 07-01-24 To 07-31-24
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 07-01-24 To 07-31-24
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!