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Investment Philosophy

The CalTRUST accounts have been created to facilitate the centralization of the investment management function on behalf of California local agencies. The CalTRUST Board of Trustees selected Metropolitan West Securities, LLC to serve as Investment Adviser to the Trust. Effective February 2, 2007, Metropolitan West Securities, LLC became Wachovia Portfolio Services. As of December 31, 2009, Wells Fargo & Company acquired Wachovia Corporation. As part of that acquisition, Wachovia Portfolio Services and Evergreen Investments were integrated into Wells Capital Management.

Wells Capital Management (WellsCap), a wholly-owned subsidiary of Wells Fargo Bank, N.A., is an institutional investment advisory and asset management firm specializing in investment management for separate accounts, mutual funds, and money market funds.

WellsCap is responsible for the decision to buy and sell the securities for the CalTRUST accounts and arrange for the execution of securities transactions on behalf of the accounts. WellsCap senior executives bring decades of public agency funds management experience and demonstrated success in the management of California public sector funds to the Trust.

As of March 31, 2012, WellsCap had more than $325 billion in assets under management.

Following the investment policy direction established by the Board of Trustees, the primary objective of the investment manager is to safeguard the principal. The secondary objective shall be to meet the liquidity needs of the participants and the final objective shall be to maximize the yield in a manner consistent with the first two objectives. The objective of the investment policy is to obtain the best possible return commensurate with the degree of risk that participants are willing to assume in obtaining such return.

July 03, 2017 Independence Day Observance Early Closure - 10:00 am PST
July 04, 2017 Independence Day Closed for Trading
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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