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The Program

Organized as a Joint Powers Authority (“JPA”), the Investment Trust of California (CalTRUST) is a program established by public agencies in California for the purpose of pooling and investing local agency funds – operating reserves as well as bond proceeds. A Board of Trustees supervises and administers the investment program of the Trust. The Board is comprised of experienced investment officers and policy-makers of the public agency members.

CalTRUST offers the option of four accounts to provide participating agencies with a convenient method of pooling funds – a government fund, a money market fund, a short-term account, and a medium-term account. Each account seeks to attain as high a level of current income as is consistent with the preservation of principal.

Any California local agency may participate in the Trust and invest its funds, and in the case of counties, the funds of other local agencies that have invested with the County Treasurer’s Office.

Money Market Account

For the CalTRUST-Wells Fargo Advantage Funds Heritage money market account (The CalTRUST-Heritage MMF), participants may invest through CalTRUST in the Heritage MMF at the most favorable expense ratio available to institutional investors.

Short-Term and Medium-Term Accounts

For the CalTRUST Short-Term and Medium-Term Accounts, funds from all participants are pooled in each of the accounts. Participants receive units in the Trust and designated shares for the particular accounts in which they invest.

CalTRUST invests in fixed income securities eligible for investment pursuant to California Government Code Sections 53601, et. seq. and 53635, et. seq. Investment guidelines adopted by the Board of Trustees may further restrict the types of investments held by the Trust. Leveraging within the Trust’s portfolios is prohibited.

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
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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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