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CalTRUST Service Provider Transitions Underway...Earlier this year, CalTRUST issued Requests for Proposals (RFPs) for custody, investment management, and fund accounting services. CalTRUST received multiple responses to each RFP, and a thorough review process of all proposals was conducted by the CalTRUST Product Review Committee. The CalTRUST Board of Trustees selected new providers for all services; U.S. Bank to provide custody services, BlackRock Financial Management to provide investment management services, and NorthStar Financial Services Group, LLC/Gemini Fund Services to provide fund accounting and record keeping services. These new providers will assume their duties between July 3rd and August 1st.

CLICK HEREfor a timeline and overview of how the transitions will affect CalTRUST participants. In addition to this overview, we will be calling all CalTRUST participants to answer any questions, and in July we will be holding webinars and offering in-depth user guides on the new online trading system that will be implemented on August 1st.

While we are grateful for the services provided to us over the years by Nottingham, Wells Fargo, and Wells Fargo Asset Management, CalTRUST continues to grow and evolve and we are excited to move forward with the new team of BlackRock, NorthStar/Gemini, and U.S. Bank.

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 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 four account options – Government Fund, Money Market Fund, 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.

August 01, 2017 Transition to NorthStar/Gemini Complete New Online Trading Portal Launched
September 04, 2017 Labor Day Closed for Trading
October 09, 2017 Columbus Day Closed for Trading
November 23, 2017 Thanksgiving Closed for Trading
November 24, 2017 Thanksgiving Holiday Early Closure - 10:00 am PST
December 22, 2017 Christmas Eve (Observed) Early Closure - 10:00 am PST
December 25, 2017 Christmas Closed for Trading
December 29, 2017 New Year Eve Early Closure - 10:00 am PST
January 01, 2018 New Year's Day Closed for Trading

Standard & Poor's has recently reconfirmed its "AAf" credit rating on the CalTRUST Short-Term Account, citing "very strong protection against losses from credit defaults". In addition, S&P also has reiterated its "S1+" volatility rating on the Short-Term Account, recognizing that the portfolio "possesses an extremely low sensitivity to changing market conditions". To see the full S&P Fund Profile for the CalTRUST Short-Term Account, click here .

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The information on this website is intended only for public agencies within the meaning of the Joint Exercise Of Powers Act and does not represent an offer to sell or a solicitation of an offer to buy shares of the Trust or any other security. Shares in the Trust are sold or bought only based on the information contained in the current Information Statement. The Information Statement contains important information and should be read carefully before investing.

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