CalTRUST representatives will be holding our annual due diligence visit with our fund accountant, Nottingham, at the beginning of April. During this meeting we will be discussing ways to streamline the participant experience. If you have any items you would like to see address or suggestions for ways to enhance your participant experience please contact Laura Labanieh at 916.650.8186 or email@example.com.
The CalTRUST Board of Trustees will hold their Annual Meeting in Riverside County on April 27, 2016. If you have any items you would like the Board to consider or if you would like to attend the meeting please contact Laura Labanieh at 916.650.8186 or firstname.lastname@example.org.
CalTRUST extends a warm welcome to our newest participants: the cities of Gardena, Martinez, Arvin, Fowler, Bellflower and Jackson; Costa Mesa Sanitary District, Herlong PUD, Riverside Transit Agency, Mammoth Community Water District, Kern Delta Water District, and CalViva Health.
Liquidity, Diversification & Convenience of CalTRUST Funds Makes Them A Great Option For Property Tax Proceeds
The CalTRUST funds give local agencies a safe and convenient means of maintaining liquidity while also diversifying their investments. The CalTRUST Government Money Market Fund (MMF) and CalTRUST Heritage MMF, each rated "AAAm" and "Aaa" by S&P and Moody's, respectively, provide same-day liquidity, while the CalTRUST Short-Term Fund, rated "Aaf/S1+" by S&P, provides next-day liquidity. The CalTRUST Medium-Term Fund gives investors monthly liquidity.
Taken together, the CalTRUST funds give participants a highly-efficient means of allocating funds across the 0-5 year maturity range; and a cost-free means of reallocating among those options as local circumstances change.
Given this, CalTRUST is an ideal option for local agencies when it comes to the investment of property tax proceeds. To take maximum advantages of the benefits of CalTRUST, local agencies should ensure their investment policies authorize the use of CalTRUST. We would be happy to assist any interested agency; just contact one of the contacts listed below.
For more information on the CalTRUST funds, please contact me by email at the address listed below, or contact:
Lyle Defenbaugh, Wells Fargo Asset Management 916-440-4890
Laura Labanieh, CSAC Finance Corporation 916-650-8186
Norman Coppinger, League of CA Cities 916-658-8277
Neil McCormick, CA Special Districts Association 916-442-7887
Chuck Lomeli is CalTRUST President
and Solano County Treasurer