City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2025-00358 3/4/2025 Consent Item 1.
January 2025 Monthly Investment Transactions Report
File ID: 2025-00358
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.
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
File ID: 2025-00358 3/4/2025 Consent Item 1.
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, 2025, 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 $1,617,540,465, while the market value of the Portfolio on January 31 was $1,677,728,408. The yield of the Portfolio in January was 2.74%. There were 30 total transactions for the period (19 purchases, 1 call and 10 maturities). The estimated duration of the Portfolio as of January 31, 2025, is 1.21 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 117,805,222$ -$ -$ -$ 117,805,222$
Sales - - - - -
Calls 5,000,000 - - - 5,000,000
Maturities 61,986,466 - - - 61,986,466
Contributions 183,441,583 - - - 183,441,583
Withdrawals 129,800,073 - 23,048 2,518 129,825,639 Total 498,033,344$ -$ 23,048$ 2,518$ 498,058,910$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 997,500$ -$ 58,960$ -$ 1,056,460$ Sales 633,284 657,892 1,955 - 1,293,131
Calls - - - - -
Maturities 213,160 - - - 213,160
Expenses - - - - -
Contributions - - - - -
Withdrawals 393,867 1,618,628 425,925 69 2,438,489 Total 2,237,811$ 2,276,520$ 486,840$ 69$ 5,001,240$ City of Sacramento
Summary of Transactions
January-25
ATTACHMENT A
City of Sacramento
Summary of Transactions
January-25
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls 500,000 500,000
Maturities 998,180 998,180
Contributions 25,727 25,727
Withdrawals - -
Total 1,523,907$ 1,523,907$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals 700,000 - - - 700,000 Total 700,000$ -$ -$ -$ 700,000$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - - - - - Withdrawals - - 6,025,816 1,250 - 6,027,066 Total -$ -$ 6,025,816$ 1,250$ -$ 6,027,066$ GRAND TOTAL 511,311,123$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-02-25 5,000,000 Procter & Gamble Co 99.71 4,985,650
4.350% Due 01-29-29
01-02-2510,000,000 Barclays Us Fdg 97.52 9,752,175
4.310% Due 07-28-25
01-02-2510,000,000 Metlife Short Term Fund 97.59 9,758,522
4.220% Due 07-28-25
01-09-2510,000,000 ING (US) Funding LLC 97.62 9,762,222
4.280% Due 07-28-25
01-10-25 5,000,000 Freddie Mac 100.00 5,000,000
5.200% Due 01-14-30
01-13-25 5,000,000 Lvmh Moet Henn essy Lou Vuitton 97.76 4,888,175
4.260% Due 07-21-25
01-13-2510,000,000 Pepsico Inc 97.70 9,769,700
4.230% Due 07-28-25
01-22-25 5,000,000 Lockheed Martin Corp 98.95 4,947,300
4.500% Due 02-15-29
01-22-2510,000,000 Toyota Mtr Cr Corp 97.35 9,734,778
4.400% Due 08-27-25
01-24-25 5,000,000 American Honda Finance 97.55 4,877,700
4.400% Due 09-05-29
01-24-25 5,000,000 Novartis Capital Corp 96.48 4,824,150
3.800% Due 09-18-29
01-24-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.500% Due 07-27-29
01-24-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.750% Due 02-04-30
01-31-25 5,000,000 BMW US Capital LLC 99.00 4,950,000
4.650% Due 08-13-29
01-31-25 5,000,000 Citibank NA 100.30 5,014,950
4.838% Due 08-06-29
01-31-25 5,000,000 Mercedes-Benz Fin North Amer 100.55 5,027,400
5.100% Due 11-15-29
01-31-25 5,000,000 Paypal Hldgs Inc 92.25 4,612,650
2.850% Due 10-01-29
01-31-25 5,000,000 Protective Life Global Funding 99.38 4,969,100
4.772% Due 12-09-29
01-31-25 5,000,000 JP Morgan Chase Bank Na 98.61 4,930,750
4.452% Due 12-05-29
TOTAL 117,805,222
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
01-23-25 5,000,000 Barclays Bank Plc 100.00 5,000,000 100.00 5,000,000 0
5.550% Due 01-23-26
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-02-2510,000,000 Coca Cola Company 96.96 9,696,200 96.96 9,696,200 0
5.040% Due 01-02-25
01-03-25 5,000,000 Metlife Short Term Fund 96.95 4,847,458 96.95 4,847,458 0
5.230% Due 01-03-25
01-11-25 5,000,000 Massmutual Global Funding 99.16 4,958,250 100.00 5,000,000 41,750
2.950% Due 01-11-25
01-13-25 5,000,000 Cooperatieve Rabobank UA/NY 99.82 4,990,900 100.00 5,000,000 9,100
5.000% Due 01-13-25
01-15-25 3,000,000 Massachusetts St Spl Oblig Rev 100.00 3,000,000 100.00 3,000,000 0
3.660% Due 01-15-25
01-21-25 9,000,000 Federal Farm Credit Bank 96.73 8,705,610 100.00 9,000,000 294,390
1.320% Due 01-21-25
01-22-25 2,500,000 New York Life Global 100.73 2,518,225 100.00 2,500,000 -18,225
2.000% Due 01-22-25
01-22-2510,000,000 Societe Generale 96.46 9,646,200 96.46 9,646,200 0
5.220% Due 01-22-25
01-27-25 5,000,000 US Bank Assn Cincinnati Oh Mtn 98.34 4,917,000 100.00 5,000,000 83,000
2.800% Due 01-27-25
01-31-25 9,000,000 Societe Generale 96.74 8,706,622 96.74 8,706,622 0
5.310% Due 01-31-25
TOTAL 61,986,466 62,396,481 410,015
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-02-25 JP Morgan Chase Cash 5,118,022
01-03-25 JP Morgan Chase Cash 2,981,229
01-06-25 JP Morgan Chase Cash 7,900,831
01-07-25 JP Morgan Chase Cash 3,204,534
01-08-25 JP Morgan Chase Cash 2,082,449
01-10-25 JP Morgan Chase Cash 2,742,087
01-13-25 JP Morgan Chase Cash 1,134,411
01-14-25 JP Morgan Chase Cash 2,946,462
01-15-25 Fidelity Fund 5,875
01-16-25 JP Morgan Chase Cash 2,407,655
01-17-25 JP Morgan Chase Cash 1,572,056
01-21-25 JP Morgan Chase Cash 2,722,628
01-22-25 JP Morgan Chase Cash 2,553,424
01-22-25 Fidelity Fund 1,600,000
01-22-25 Fidelity Fund 400,000
01-23-25 JP Morgan Chase Cash 1,269,053
01-24-25 JP Morgan Chase Cash 19,427,518
01-27-25 JP Morgan Chase Cash 2,512,928
01-28-25 JP Morgan Chase Cash 5,647,485
01-31-25 JP Morgan Chase Cash 114,743,733
01-31-25 Fidelity Fund 5,148
01-31-25 Fidelity Fund 2,518
01-31-25 Fidelity Fund 23,048
01-31-25 Fidelity Fund 393,867
01-31-25 Fidelity Fund 18,628
01-31-25 Fidelity Fund 69
01-31-25 Fidelity Fund 25,925
TOTAL 183,441,583
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-02-25 JP Morgan Chase Cash 6,700,437
01-03-25 JP Morgan Chase Cash 1,186,885
01-06-25 JP Morgan Chase Cash 2,937,115
01-07-25 JP Morgan Chase Cash 16,792,387
01-08-25 JP Morgan Chase Cash 5,879,238
01-09-25 JP Morgan Chase Cash 2,139,715
01-10-25 JP Morgan Chase Cash 1,365,050
01-13-25 JP Morgan Chase Cash 1,972,709
01-14-25 JP Morgan Chase Cash 2,097,886
01-15-25 JP Morgan Chase Cash 2,009,992
01-16-25 JP Morgan Chase Cash 1,354,437
01-17-25 JP Morgan Chase Cash 3,000,000
01-17-25 JP Morgan Chase Cash 5,062,879
01-21-25 JP Morgan Chase Cash 17,662,824
01-22-25 JP Morgan Chase Cash 6,559,698
01-23-25 JP Morgan Chase Cash 3,965,754
01-24-25 JP Morgan Chase Cash 700,000
01-24-25 JP Morgan Chase Cash 2,987,986
01-27-25 JP Morgan Chase Cash 4,103,855
01-28-25 JP Morgan Chase Cash 4,655,322
01-29-25 JP Morgan Chase Cash 22,347,265
01-30-25 JP Morgan Chase Cash 6,802,960
01-31-25 JP Morgan Chase Cash 3,000,000
01-31-25 JP Morgan Chase Cash 4,515,680
TOTAL 129,800,073
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-25 Pool A Cash 23,048
TOTAL 23,048
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-25 Pool A Cash 2,518
TOTAL 2,518
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-03-25 500,000 Federal Home Loan Bank 100.00 500,000
4.625% Due 01-08-30
01-03-25 500,000 California St Univ Rev 99.50 497,500
4.660% Due 11-01-31
TOTAL 997,500
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-01-25 710,000 Houston Tex Arpt Sys Rev Arpt Sys 89.19 633,284 100.00 710,000 76,715
6.880% Due 01-01-28
TOTAL 633,284 710,000 76,715
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-01-25 200,000 El Dorado CA Irrigation Dist Rev Bonds 100.08 200,154 100.00 200,000 -154
3.244% Due 01-01-25
01-15-25 101 Gnma Pool #439515 98.06 99 100.62 101 3
7.000% Due 03-15-27
01-15-25 1,164 Gnma Pool #550718 97.31 1,132 100.00 1,164 31
5.000% Due 11-15-35
01-15-25 396 Gnma Pool #648348 99.66 394 100.50 398 3
5.500% Due 10-15-35
01-25-25 3,671 Freddie Mac Pool #SD8278 101.37 3,721 100.00 3,671 -50
6.000% Due 12-01-52
01-25-25 3,827 Freddie Mac Pool #SD8343 100.06 3,829 100.00 3,827 -2
6.000% Due 07-01-53
01-25-25 3,700 Freddie Mac Pool #SD8432 100.41 3,715 100.00 3,700 -15
6.000% Due 05-01-54
01-25-25 116 Fannie Mae Pool #256393 99.67 115 100.00 116 0
6.000% Due 09-01-36
TOTAL 213,160 212,976 -184
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-25 Pool A Cash 393,867
TOTAL 393,867
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-17-25 5,500 Ishares Tr Russell 1000 Val 119.62 657,892 191.16 1,051,372 393,480 TOTAL 657,892 1,051,372 393,480
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-22-25 Pool A Cash 1,600,000
01-31-25 Pool A Cash 18,628
TOTAL 1,618,628
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
01-13-25 -200 Select Sector Cll Opt 97.0000 02212025 0.60 -12,045 01-14-25 -200 Spdr Ser Tr Cll Opt 67.0000 02212025 0.48 -9,594 01-15-25 -100 Vaneck Etf Tru Cll Opt280.00
00 022
12025
1.48 -14,847
01-15-25 -150 Select Sector Cll Opt 250.0000
02212025
0.63 -9,446
01-28-25 -35 Apple Inc Cll Opt 255.0000 02212025 1.59 -5,564 01-28-25 -15 Meta Platforms Cll Opt760.000
0 022
12025
6.28 -9,419
01-31-25 200 Select Sector Cll Opt 97.0000 02212025 0.10 1,955 TOTAL -58,960
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
01-31-25 0 Select Sector Cll Opt 97.0000 02212025 0.00 1,955 0.00 12,045 10,089 TOTAL 1,955 12,045 10,089
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-22-25 Pool A Cash 400,000
01-31-25 Pool A Cash 25,925
TOTAL 425,925
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-31-25 Pool A Cash 69
TOTAL 69
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
01-23-25 500,000 Barclays Bank Plc 100.00 500,000 100.00 500,000 0
5.550% Due 01-23-26
TOTAL 500,000 500,000 0
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
01-13-25 1,000,000 Cooperatieve Rabobank UA/NY 99.82 998,180 100.00 1,000,000 1,820
5.000% Due 01-13-25
TOTAL 998,180 1,000,000 1,820
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
01-29-25 Fidelity Fund 25,727
TOTAL 25,727
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-24-25 Pool A Cash 700,000
TOTAL 700,000
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
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 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-25 Pool A Cash 25,816
01-17-25 Pool A Cash 3,000,000
01-31-25 Pool A Cash 3,000,000
TOTAL 6,025,816
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
01-01-25 Pool A Cash 1,250
TOTAL 1,250
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 01-01-25 To 01-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!