City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2025-00862 7/1/2025
May 2025 Monthly Investment Transactions Report
File ID: 2025-00862
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: 2025-00862 7/1/2025
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 May 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 April 30 was $1,729,153,397, while the market value of the Portfolio on May 31 was $1,801,777,926. The yield of the Portfolio in May was 2.92%. There were 31 total transactions for the period (18 purchases, 1 call and 12 maturities). The estimated duration of the Portfolio as of May 31, 2025, is 1.55 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 90,779,590$ -$ -$ -$ 90,779,590$
Sales - - - - -
Calls 4,989,000 - - - 4,989,000
Maturities 54,937,060 - - - 54,937,060
Contributions 171,614,420 - - - 171,614,420
Withdrawals 102,793,646 - 15,937 3,632 102,813,215 Total 425,113,716$ -$ 15,937$ 3,632$ 425,133,285$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases 497,000$ -$ 141,903$ -$ 638,903$ Sales - 531,150 722,485 - 1,253,635
Calls - - - - -
Maturities 511,049 - - - 511,049
Expenses - - - - -
Contributions - - - - -
Withdrawals 425,545 1,116,483 906,762 29 2,448,819 Total 1,433,594$ 1,647,633$ 1,771,150$ 29$ 4,852,406$ City of Sacramento
Summary of Transactions
May-25
ATTACHMENT A
City of Sacramento
Summary of Transactions
May-25
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases -$ -$
Sales - -
Calls 997,800 997,800
Maturities 1,004,084 1,004,084
Contributions - -
Withdrawals 5,000,000 5,000,000
Total 7,001,884$ 7,001,884$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$
Withdrawals - - - 4,000,000 4,000,000
Total -$ -$ -$ 4,000,000$ 4,000,000$
All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ 497,060$ -$ 497,060$
Sales - - - - - -
Calls - - - - - -
Maturities - - - 498,835 - 498,835
Contributions - - 5,298,407 - - 5,298,407
Withdrawals - - 3,000,000 - - 3,000,000
Total -$ -$ 8,298,407$ 995,895$ -$ 9,294,302$ GRAND TOTAL 450,281,877$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-06-25 5,000,000 Nestle Holdings Inc 102.91 5,145,750
4.950% Due 03-14-30
05-08-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000
4.530% Due 05-28-30
05-09-25 5,000,000 Pacific Life Global Fdg Ii Med 100.74 5,036,900
4.850% Due 02-10-30
05-13-25 3,500,000 California St Pub Wks Brd Leas Lease Rev
101.24 3,543,435
4.783% Due 04-01-29
05-14-25 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
4.550% Due 05-20-30
05-19-25 7,000,000 Athene Global Funding 101.07 7,074,900
5.380% Due 01-07-30
05-19-25 5,000,000 Glaxosmithkline Cap Inc 99.60 4,979,955
4.500% Due 04-15-30
05-19-25 5,000,000 Toyota Motor Credit Corp 100.37 5,018,750
4.800% Due 05-15-30
05-19-25 5,000,000 Unitedhealth Group Inc 100.16 5,007,950
4.800% Due 01-15-30
05-20-25 5,000,000 Colgate Palmolive Co 99.60 4,980,000
4.200% Due 05-01-30
05-20-25 5,000,000 Pfizer Investment Enterprises 100.43 5,021,350
4.650% Due 05-19-30
05-20-25 5,000,000 Morgan Stanley 98.93 4,946,500
4.431% Due 01-23-30
05-21-25 5,000,000 Freddie Mac 99.95 4,997,500
4.875% Due 05-14-30
05-21-25 5,000,000 Freddie Mac 99.95 4,997,500
4.500% Due 05-23-30
05-21-25 5,000,000 Fannie Mae 100.00 5,000,000
4.340% Due 05-28-30
05-30-25 5,000,000 Cme Group Inc 99.89 4,994,750
4.400% Due 03-15-30
05-30-25 5,000,000 Mars Inc 100.76 5,038,100
4.800% Due 03-01-30
05-30-25 5,000,000 Federal Farm Credit Bank 99.92 4,996,250
4.720% Due 05-28-30
TOTAL 90,779,590
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
05-29-25 5,000,000 Federal Farm Credit Bank 99.78 4,989,000 100.00 5,000,000 11,000
5.520% Due 05-29-29
TOTAL 4,989,000 5,000,000 11,000
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-11-25 5,000,000 Apple Inc 101.06 5,052,940 100.00 5,000,000 -52,940
1.125% Due 05-11-25
05-13-25 8,000,000 Apple Inc 98.20 7,855,920 100.00 8,000,000 144,080
3.200% Due 05-13-25
05-15-25 700,000 University Calif Revenue Bonds 100.00 700,000 100.00 700,000 0
0.933% Due 05-15-25
05-15-25 3,500,000 University Calif Revenue Bonds 100.88 3,530,660 100.00 3,500,000 -30,660
0.883% Due 05-15-25
05-15-25 1,000,000 University Calif Revenue Bonds 100.00 1,000,000 100.00 1,000,000 0
0.670% Due 05-15-25
05-19-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
0.750% Due 05-19-25
05-21-25 9,000,000 Cooperatieve Centrale Ra iffeis 97.97 8,816,940 100.00 9,000,000 183,060
3.375% Due 05-21-25
05-27-25 5,000,000 Citigroup Global Markets 100.00 5,000,000 100.00 5,000,000 0
4.050% Due 05-27-25
05-27-25 3,000,000 Freddie Mac 100.00 3,000,000 100.00 3,000,000 0
0.750% Due 05-27-25
05-27-25 5,000,000 Federal Farm Credit Bank 100.00 5,000,000 100.00 5,000,000 0
0.730% Due 05-27-25
05-28-25 5,000,000 Pfizer Inc 99.85 4,992,700 100.00 5,000,000 7,300
0.800% Due 05-28-25
05-28-25 5,000,000 Freddie Mac 99.76 4,987,900 100.00 5,000,000 12,100
0.750% Due 05-28-25
TOTAL 54,937,060 55,200,000 262,940
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
05-01-25 JP Morgan Chase Cash 2,620,354
05-02-25 JP Morgan Chase Cash 3,062,420
05-05-25 JP Morgan Chase Cash 3,030,280
05-06-25 JP Morgan Chase Cash 5,748,310
05-07-25 JP Morgan Chase Cash 5,883,974
05-08-25 JP Morgan Chase Cash 2,505,013
05-09-25 JP Morgan Chase Cash 2,517,324
05-12-25 JP Morgan Chase Cash 2,699,575
05-12-25 Fidelity Fund 502,812
05-13-25 JP Morgan Chase Cash 2,244,930
05-14-25 JP Morgan Chase Cash 3,491,723
05-16-25 JP Morgan Chase Cash 1,456,025
05-19-25 JP Morgan Chase Cash 91,750,100
05-20-25 JP Morgan Chase Cash 2,649,339
05-21-25 JP Morgan Chase Cash 1,739,799
05-22-25 JP Morgan Chase Cash 3,249,213
05-23-25 JP Morgan Chase Cash 3,449,859
05-27-25 JP Morgan Chase Cash 25,290,663
05-28-25 JP Morgan Chase Cash 5,224,777
05-29-25 JP Morgan Chase Cash 12,672
05-29-25 Fidelity Fund 900,000
05-29-25 Fidelity Fund 1,100,000
05-30-25 JP Morgan Chase Cash 10,880
05-30-25 Fidelity Fund 6,020
05-30-25 Fidelity Fund 3,632
05-30-25 Fidelity Fund 15,937
05-30-25 Fidelity Fund 425,545
05-30-25 Fidelity Fund 16,483
05-30-25 Fidelity Fund 6,762
TOTAL 171,614,420
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-01-25 JP Morgan Chase Cash 3,519,814
05-02-25 JP Morgan Chase Cash 3,000,000
05-02-25 JP Morgan Chase Cash 1,466,769
05-05-25 JP Morgan Chase Cash 2,163,619
05-06-25 JP Morgan Chase Cash 1,047,973
05-07-25 JP Morgan Chase Cash 1,681,576
05-08-25 JP Morgan Chase Cash 1,453,131
05-09-25 JP Morgan Chase Cash 649,542
05-12-25 JP Morgan Chase Cash 2,542,241
05-13-25 JP Morgan Chase Cash 14,444,585
05-13-25 Fidelity Fund 500,350
05-14-25 JP Morgan Chase Cash 5,902,190
05-15-25 JP Morgan Chase Cash 6,779,831
05-16-25 JP Morgan Chase Cash 4,284,992
05-19-25 JP Morgan Chase Cash 2,588,291
05-20-25 JP Morgan Chase Cash 3,928,573
05-21-25 JP Morgan Chase Cash 6,965,865
05-22-25 JP Morgan Chase Cash 2,421,727
05-23-25 JP Morgan Chase Cash 1,230,458
05-27-25 JP Morgan Chase Cash 4,000,000
05-27-25 JP Morgan Chase Cash 14,199,057
05-28-25 JP Morgan Chase Cash 5,415,471
05-29-25 JP Morgan Chase Cash 2,668,159
05-30-25 JP Morgan Chase Cash 9,939,433
TOTAL 102,793,646
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-25 Pool A Cash 15,937
TOTAL 15,937
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-25 Pool A Cash 3,632
TOTAL 3,632
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-01-25 500,000 Merck & Co. Inc 99.40 497,000
4.500% Due 05-17-33
TOTAL 497,000
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-15-25 500,000 Dollar Tree Inc 98.32 491,580 100.00 500,000 8,420
4.000% Due 05-15-25
05-15-25 104 Gnma Pool #439515 98.06 102 100.00 104 2
7.000% Due 03-15-27
05-15-25 1,153 Gnma Pool #550718 97.31 1,122 100.00 1,153 31
5.000% Due 11-15-35
05-15-25 401 Gnma Pool #648348 99.66 400 100.00 401 1
5.500% Due 10-15-35
05-27-25 4,898 Freddie Mac Pool #SD8278 101.37 4,965 100.00 4,898 -67
6.000% Due 12-01-52
05-27-25 4,404 Freddie Mac Pool #SD8343 100.06 4,407 100.00 4,404 -3
6.000% Due 07-01-53
05-27-25 8,317 Freddie Mac Pool #SD8432 100.41 8,350 100.00 8,317 -34
6.000% Due 05-01-54
05-27-25 123 Fannie Mae Pool #256393 99.67 122 100.00 123 0
6.000% Due 09-01-36
TOTAL 511,049 519,400 8,351
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-25 Pool A Cash 425,545
TOTAL 425,545
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
05-08-25 3,000 Ishares Tr Russell 1000 Val 119.62 358,850 186.00 558,003 199,153 05-08-25 2,510 Select Sector Spdr Tr Technology 68.65 172,299 218.94 549,527 377,228 TOTAL 531,150 1,107,530 576,381
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-29-25 Pool A Cash 1,100,000
05-31-25 Pool A Cash 16,483
TOTAL 1,116,483
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-13-25 35 Apple Inc Cll Opt 230.0000 05162025 0.05 167 05-13-25 -100 Spdr S&p 500 E Cll Opt620.0000
06202025
0.98 -9,797
05-13-25 -150 Select Sector Cll Opt 91.0000 06202025 0.49 -7,298 05-13-25 -200 Select Sector Cll Opt 245.0000
06202025
1.33 -26,544
05-15-25 100 Vaneck Etf Tru Cll Opt235.0000
05162025
12.99 129,938
05-15-25 -100 Vaneck Etf Tru Cll Opt265.00
00 062
02025
3.97 -39,658
05-16-25 100 Select Sector Cll Opt 225.0000
05162025
9.41 94,078
05-30-25 150 Select Sector Cll Opt 91.0000 06202025 0.07 1,017 TOTAL 141,903
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
05-08-25 1,000 Vaneck Vectors Semiconductor Etf 26.60 26,597 223.77 223,774 197,177 05-08-25 500 Spdr Tr Unit Ser 1 283.83 141,917 568.59 284,297 142,380 05-08-25 4,000 Select Sector Spdr Tr Sbi Healthcare 82.19 328,770 134.90 539,586 210,816 05-13-25 0 Apple Inc Cll Opt 230.0000 05162025 0.00 167 0.00 8,156 7,989 05-15-25 0 Vaneck Etf Tru Cll Opt235.0000
05162025
0.00 129,938 0.00 14,497 -115,441
05-16-25 0 Select Sector Cll Opt 225.0000
05162025
0.00 94,078 0.00 7,297 -86,781
05-30-25 0 Select Sector Cll Opt 91.0000 06202025 0.00 1,017 0.00 7,298 6,281 TOTAL 722,485 1,084,904 362,419
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-29-25 Pool A Cash 900,000
05-31-25 Pool A Cash 6,762
TOTAL 906,762
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-31-25 Pool A Cash 29
TOTAL 29
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
05-29-25 1,000,000 Federal Farm Credit Bank 99.78 997,800 100.00 1,000,000 2,200
5.520% Due 05-29-29
TOTAL 997,800 1,000,000 2,200
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-11-25 500,000 Apple Inc 101.06 505,294 100.00 500,000 -5,294
1.125% Due 05-11-25
05-28-25 500,000 Freddie Mac 99.76 498,790 100.00 500,000 1,210
0.750% Due 05-28-25
TOTAL 1,004,084 1,000,000 -4,084
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-01-25 Fidelity Fund 5,000,000
TOTAL 5,000,000
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-27-25 Pool A Cash 4,000,000
TOTAL 4,000,000
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
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 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
05-01-25 Pool A Cash 1,189,305
05-19-25 Pool A Cash 4,109,102
TOTAL 5,298,407
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
05-02-25 Pool A Cash 3,000,000
TOTAL 3,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
05-12-25 500,000 Hyundai Capital America 99.41 497,060
5.150% Due 03-27-30
TOTAL 497,060
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
05-11-25 500,000 Apple Inc 99.77 498,835 100.00 500,000 1,165
1.125% Due 05-11-25
TOTAL 498,835 500,000 1,165
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 05-01-25 To 05-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!