CalTRUST is an innovative partnership... The CSAC Finance Corporation and the League of California Cities created CalTRUST to provide a convenient method for local agencies to pool their assets for investment. Recently enacted legislation authorizes local agencies to directly invest in joint investment pools, such as CalTRUST. There is no requirement that a local agency become a JPA member.
CalTRUST makes participation easy… Local agencies can invest with CalTRUST directly, without the need for a city council or board resolution to join the JPA. Any California local agency may participate in CalTRUST.
Interested agencies should thoroughly review the Information Statement, which provides detailed information about the program prior to investing. All CalTRUST documents are available online, at www.caltrust.org, or from any CalTRUST representative.
CalTRUST is governed by local treasurers and investment officers… As a joint powers authority, CalTRUST is governed by a Board of Trustees made up of local treasurers and investment officers.
The Board of Trustees sets overall policy for CalTRUST, and selects and supervises the activities of the Investment Manager and other agents. The CSAC Finance Corporation serves as the Administrator for CalTRUST and Wells Capital Management serves as the Investment Advisor for the Program.
CalTRUST offers account options… Local agencies have three account options – Money Market, Short-Term, or Medium-Term accounts. Local agencies can select an account option which matches their investment time horizon and cash flow needs and easily reallocate among accounts as those needs change.
Each of the accounts seek to attain as high a level of current income as is consistent with the preservation of principal by investing only in high-quality, fixed-income securities. All CalTRUST accounts comply with the limits and restrictions placed on local investments by California statutes; no leverage is permitted in any of the CalTRUST accounts.