City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2025-00360 5/13/2025 Item 2.
March 2025 Monthly Investment Transactions Report
File ID: 2025-00360
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
Additional 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: 2025-00360 5/13/2025 Item 2.
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 March 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 February 28 was $1,715,114,023, while the market value of the Portfolio on March 31 was $1,689,431,593. The yield of the Portfolio in March was 2.86%. There were 20 total transactions for the period (10 purchases, 1 call and 9 maturities). The estimated duration of the Portfolio as of March 31, 2025, is 1.33 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 50,208,150$ -$ 201,654$ -$ 50,409,804$ Sales - - 101,290 - 101,290
Calls 5,000,000 - - - 5,000,000
Maturities 41,444,443 - - - 41,444,443
Contributions 85,939,780 - - - 85,939,780
Withdrawals 118,394,803 - 15,164 8,103 118,418,070 Total 300,987,176$ -$ 318,108$ 8,103$ 301,313,387$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 2,013,620$ -$ 40,996$ -$ 2,054,616$ Sales - 657,892 - - 657,892
Calls - - - - -
Maturities 251,514 - - - 251,514
Expenses - - - - -
Contributions 2,000,000 - - - 2,000,000
Withdrawals 275,017 1,320,013 200,989 2,000,371 3,796,390 Total 4,540,151$ 1,977,905$ 241,985$ 2,000,371$ 8,760,412$ City of Sacramento
Summary of Transactions
March-25
ATTACHMENT A
City of Sacramento
Summary of Transactions
March-25
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 500,000$ 500,000$
Sales - -
Calls 500,000 500,000
Maturities 303,456 303,456
Contributions - -
Withdrawals - -
Total 1,303,456$ 1,303,456$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$
Withdrawals - - - 8,000,000 8,000,000
Total -$ -$ -$ 8,000,000$ 8,000,000$
All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$
Sales - - - - - -
Calls - - - - - -
Maturities - - - - - -
Contributions - - 10,189,305 - - 10,189,305
Withdrawals - - - - - -
Total -$ -$ 10,189,305$ -$ -$ 10,189,305$
GRAND TOTAL 329,566,560$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-04-25 5,000,000 Hyundai Capital America 102.33 5,116,700
5.350% Due 03-19-29
03-04-25 5,000,000 Freddie Mac 100.22 5,011,150
4.550% Due 02-11-28
03-10-25 5,000,000 Morgan Stanley Private Bank 100.00 5,000,000
4.100% Due 03-13-28
03-11-25 5,000,000 Fannie Mae 100.00 5,000,000
4.300% Due 03-04-30
03-12-25 5,000,000 Hershey Co 100.56 5,027,850
4.750% Due 02-24-30
03-12-25 5,000,000 IBM Corporation 100.27 5,013,700
4.800% Due 02-10-30
03-14-25 5,000,000 American Honda Finance 99.61 4,980,300
4.800% Due 03-05-30
03-21-25 5,000,000 Mars Inc 100.70 5,035,200
4.800% Due 03-01-30
03-21-25 5,000,000 Mutual Of Omaha Cos Global Fdg 99.76 4,987,850
4.750% Due 10-15-29
03-21-25 5,000,000 Charles Schwab Corp 100.71 5,035,400
4.625% Due 03-22-30
TOTAL 50,208,150
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
03-30-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
4.700% Due 06-30-27
TOTAL 5,000,000 5,000,000 0
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-04-25 5,000,000 MUFG Union Ba nk
96.63 4,831,522 96.63 4,831,522 0
5.140% Due 03-04-25
03-12-25 4,000,000 Texas Instruments Inc 101.15 4,046,080 100.00 4,000,000 -46,080
1.375% Due 03-12-25
03-15-25 5,000,000 Abbvie Inc 99.08 4,954,150 100.00 5,000,000 45,850
3.800% Due 03-15-25
03-15-25 1,250,000 New York St Dorm Auth St Pers 100.00 1,250,000 100.00 1,250,000 0
1.062% Due 03-15-25
03-15-25 1,650,000 New York St Dorm Auth St Pers 100.00 1,650,000 100.00 1,650,000 0
0.887% Due 03-15-25
03-18-25 5,000,000 MUFG Union Ba nk
97.47 4,873,521 97.47 4,873,521 0
4.670% Due 03-18-25
03-24-25 6,000,000 Disney Walt Co 98.80 5,928,180 100.00 6,000,000 71,820
3.350% Due 03-24-25
03-24-25 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
2.050% Due 03-24-25
03-24-25 9,000,000 Schwab Charles Corp 99.01 8,910,990 100.00 9,000,000 89,010
4.200% Due 03-24-25
TOTAL 41,444,443 41,605,043 160,600
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-03-25 JP Morgan Chase Cash 7,845,255
03-04-25 JP Morgan Chase Cash 6,514,741
03-05-25 JP Morgan Chase Cash 1,285,593
03-07-25 JP Morgan Chase Cash 3,443,325
03-10-25 JP Morgan Chase Cash 9,299,764
03-12-25 JP Morgan Chase Cash 4,184,986
03-13-25 JP Morgan Chase Cash 1,885,294
03-14-25 JP Morgan Chase Cash 500
03-17-25 JP Morgan Chase Cash 2,456,404
03-18-25 JP Morgan Chase Cash 4,018,213
03-19-25 JP Morgan Chase Cash 948,441
03-20-25 JP Morgan Chase Cash 2,133,009
03-20-25 Fidelity Fund 1,000,000
03-21-25 JP Morgan Chase Cash 20,712,734
03-25-25 JP Morgan Chase Cash 3,487,462
03-26-25 JP Morgan Chase Cash 741,216
03-27-25 JP Morgan Chase Cash 2,495,509
03-28-25 JP Morgan Chase Cash 9,000,000
03-28-25 JP Morgan Chase Cash 2,398
03-31-25 JP Morgan Chase Cash 3,647,921
03-31-25 Fidelity Fund 15,740
03-31-25 Fidelity Fund 8,103
03-31-25 Fidelity Fund 17,152
03-31-25 Fidelity Fund 275,017
03-31-25 Fidelity Fund 320,013
03-31-25 Fidelity Fund 200,989
TOTAL 85,939,780
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-03-25 JP Morgan Chase Cash 1,589,437
03-04-25 JP Morgan Chase Cash 12,942,673
03-05-25 JP Morgan Chase Cash 5,914,223
03-06-25 JP Morgan Chase Cash 2,273,804
03-07-25 JP Morgan Chase Cash 1,516,885
03-10-25 JP Morgan Chase Cash 2,491,604
03-11-25 JP Morgan Chase Cash 9,626,877
03-12-25 JP Morgan Chase Cash 2,151,443
03-13-25 JP Morgan Chase Cash 3,512,263
03-14-25 JP Morgan Chase Cash 2,526,461
03-17-25 JP Morgan Chase Cash 1,933,063
03-18-25 JP Morgan Chase Cash 13,790,800
03-19-25 JP Morgan Chase Cash 8,876,233
03-20-25 JP Morgan Chase Cash 3,155,731
03-21-25 JP Morgan Chase Cash 5,122,599
03-24-25 JP Morgan Chase Cash 10,351,178
03-25-25 JP Morgan Chase Cash 6,336,104
03-26-25 JP Morgan Chase Cash 2,880,724
03-27-25 JP Morgan Chase Cash 1,374,722
03-28-25 JP Morgan Chase Cash 8,000,000
03-28-25 JP Morgan Chase Cash 8,357,229
03-31-25 JP Morgan Chase Cash 3,670,749
TOTAL 118,394,803
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-26-25 200,000 Thermo Fisher Scientific Inc 100.83 201,654
4.950% Due 11-21-32
TOTAL 201,654
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-21-25 420 International Bus Mach 128.83 54,110 244.41 102,651 48,541 03-21-25 750 Coca Cola Co Com 36.70 27,523 68.75 51,561 24,038 03-21-25 30 Lockheed Martin Corp 192.14 5,764 433.30 12,999 7,235 03-21-25 35 Mcdonald's Corp 51.56 1,805 303.88 10,636 8,831 03-21-25 155 Procter & Gamble Co 77.99 12,088 166.43 25,796 13,708 TOTAL 101,290 203,642 102,353
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-25 Pool A Cash 15,164
TOTAL 15,164
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-25 Pool A Cash 8,103
TOTAL 8,103
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-03-25 500,000 Federal Home Loan Bank 100.00 500,000
5.200% Due 03-13-40
03-04-25 500,000 Air Products And Chemicals Inc 101.35 506,765
4.750% Due 02-08-31
03-04-25 500,000 Home Depot Inc 101.80 508,990
4.850% Due 06-25-31
03-04-25 500,000 Mcdonalds Corp 99.57 497,865
4.600% Due 09-09-32
TOTAL 2,013,620
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-17-25 103 Gnma Pool #439515 98.06 101 100.00 103 2
7.000% Due 03-15-27
03-17-25 1,137 Gnma Pool #550718 97.31 1,106 100.00 1,137 31
5.000% Due 11-15-35
03-17-25 397 Gnma Pool #648348 99.66 396 100.00 397 1
5.500% Due 10-15-35
03-25-25 3,323 Freddie Mac Pool #SD8278 101.37 3,369 100.00 3,323 -46
6.000% Due 12-01-52
03-25-25 2,983 Freddie Mac Pool #SD8343 100.06 2,985 100.00 2,983 -2
6.000% Due 07-01-53
03-25-25 3,359 Freddie Mac Pool #SD8432 100.41 3,372 100.00 3,359 -14
6.000% Due 05-01-54
03-25-25 110 Fannie Mae Pool #256393 99.67 109 100.00 110 0
6.000% Due 09-01-36
03-31-25 240,000 U.S. Treasury Note 100.03 240,075 100.00 240,000 -75
3.875% Due 03-31-25
TOTAL 251,514 251,412 -102
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-03-25 Fidelity Fund 2,000,000
TOTAL 2,000,000
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-25 Pool A Cash 275,017
TOTAL 275,017
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
03-19-25 5,500 Ishares Tr Russell 1000 Val 119.62 657,892 187.15 1,029,351 371,459 TOTAL 657,892 1,029,351 371,459
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-27-25 Pool A Cash 1,000,000
03-31-25 Pool A Cash 320,013
TOTAL 1,320,013
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-14-25 -100 Vaneck Etf Tru Cll Opt255.00 00
041
72025
1.49 -14,897
03-14-25 -100 Spdr S&p 500 E Cll Opt605.0000
04172025
0.55 -5,497
03-14-25 -200 Select Sector Cll Opt 96.0000 04172025 0.44 -8,894 03-17-25 -200 Select Sector Cll Opt 235.0000
04172025
0.59 -11,708
TOTAL -40,996
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-31-25 Pool A Cash 200,989
TOTAL 200,989
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-03-25 Fidelity Fund 2,000,000
03-31-25 Pool A Cash 371
TOTAL 2,000,371
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
03-11-25 500,000 Fannie Mae 100.00 500,000
4.300% Due 03-04-30
TOTAL 500,000
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
03-30-25 500,000 Federal Home Loan Bank 100.00 500,000 100.00 500,000 0
4.700% Due 06-30-27
TOTAL 500,000 500,000 0
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
03-12-25 300,000 Texas Instruments Inc 101.15 303,456 100.00 300,000 -3,456
1.375% Due 03-12-25
TOTAL 303,456 300,000 -3,456
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
03-28-25 Pool A Cash 8,000,000
TOTAL 8,000,000
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
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 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
03-03-25 Pool A Cash 1,189,305
03-28-25 Pool A Cash 9,000,000
TOTAL 10,189,305
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 03-01-25 To 03-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!