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Questions & Answers

General Questions

  • What are the investment objectives of COLOTRUST?

    1. Legality
      • To invest only in investments legally permitted under Colorado State Law.
    2. Safety
      • To minimize risk by managing portfolio investments to preserve principal and maintain a stable Net Asset Value (NAV).
      • To maintain the highest money market rating for the COLOTRUST portfolios from a nationally recognized statistical rating organization.
    3. Liquidity
      • To manage portfolio investments in a way that ensures that cash will be available as required to finance Participants’ operations.
    4. Yield
      • To maximize current income to the degree consistent with legality, safety, and liquidity.

    This philosophy has made COLOTRUST the largest and most trusted local government investment pool in Colorado since its inception in 1985.

  • Who oversees COLOTRUST?

  • COLOTRUST is overseen by a Board of Trustees, comprised of twelve active members of the pool who have been elected by the Participants to oversee the management of the Trust. The Board is responsible for selecting the Administrator and Investment Advisor. Currently, the Board retains the services of Public Trust Advisors, LLC (Public Trust) located in Denver. Public Trust serves as the Administrator and Investment Advisor.

  • Who is eligible to use COLOTRUST?

  • Any county, city, town, school district, special district, or other political subdivision of the State of Colorado, or department, agency, or instrumentality thereof, or any political or public corporation of the State of Colorado may join COLOTRUST as a Participant and take advantage of the COLOTRUST investment options.

  • How can you Participate in COLOTRUST?

  • Enrolling in COLOTRUST is simple. Any of the entity types listed in the answer above may join COLOTRUST as a Participant and take advantage of the investment program.

    To participate in COLOTRUST, please take the following steps:

    1. Read the Trust Indenture
    2. Read the Information Statement
    3. Adopt, execute, and provide to COLOTRUST a copy of a resolution adopting the Indenture and naming a Designee to participate in COLOTRUST. The COLOTRUST Trust Registration Form includes a model resolution.
    4. Keep the original forms for your records, and send the completed packet to the COLOTRUST Client Service Team by fax (877) 311-0220 or by email to clientservices@colotrust.com.

  • What types of securities does COLOTRUST invest in?

  • COLOTRUST invests solely in securities that are permitted pursuant to Colorado Revised Statutes. The current COLOTRUST Investment Policies are available here.

  • What is the minimum requirement for investing in COLOTRUST?

  • There is no minimum investment amount for COLOTRUST.

  • What are the business hours at COLOTRUST?

  • The COLOTRUST offices are open Monday through Friday from 7:30 a.m. until 4:00 p.m. MT. Please consult the Client Services Page for COLOTRUST office closures.

  • What are the definitions for Designee, Alternate Designee, and Authorized Signatory?

  • The Designee is the legal representative that acts for and on behalf of each Participant. For example, a key function of the Designee is to vote annually for the COLOTRUST Board of Trustees. Alternate Designees are the representatives that act on behalf of each Participant, in the absence of the Designee. Authorized Signatories are the individuals on an account who are authorized to manage the Participant’s investments.

  • Does COLOTRUST have a policy against providing a copy of the daily investment holdings report?

  • COLOTRUST does not have such a policy. If a Participant requests a copy of the investment holdings report, we will provide a copy. The investment holdings report shows the investment positions for that day.

  • What transaction fees does COLOTRUST charge?

  • COLOTRUST does not charge any transaction fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we recommend checking with a representative at your bank to discuss the potential costs.

Managing My Account

  • What are the daily cut-off times for transactions?

  • Transactions (withdrawals, contributions, transfers) conducted via MYACCESS, telephone, or fax must be submitted by 11:00 a.m. MT for same-day processing.

  • For a next-day ACH, what is the cut-off time?

  • Next-day ACH requests must be received by 11:00 a.m. MT (24 hours in advance).

  • What is the difference between a Wire and an ACH?

  • Wires are funds transferred via the Federal Reserve Wire System and can be processed and received by your beneficiary bank on the same day if the transaction is requested prior to the 11:00 a.m. MT cut-off. ACHs (Automated Clearing House) are processed overnight and are generally available to the beneficiary bank one business day after the transaction request has been made.

  • What are the fees associated with Wires/ACHs?

  • COLOTRUST does not charge any banking fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we  recommend always checking with a representative at your bank to discuss the potential costs.

  • Are the banking instructions different for a Wire or an ACH?

  • Many banking institutions have separate ABA/Routing Numbers depending on whether the transactions are being processed via Wire or ACH. Please contact your local banking representative to ensure that you are providing COLOTRUST Client Services with the appropriate account information. The instructions to send money into COLOTRUST can be found in MYACCESS.

  • What are the limits on the number of transactions?

  • COLOTRUST does not limit the number of transactions Participants can do.

  • Does COLOTRUST limit the number of subaccounts a Participant can have?

  • COLOTRUST does not limit the number of subaccounts Participants can have.

  • When are the COLOTRUST monthly statements delivered?

  • COLOTRUST monthly statements are available in the reporting section of MYACCESS on the first business day of the month.

  • How do I update those individuals who are authorized on my COLOTRUST account?

  • Please fill out the Signatory Amendment Form which is available in the forms section within MYACCESS.

  • How do I amend those individuals who receive account correspondence such as monthly statements or transaction confirmations?

  • These changes can be made in writing to clientservices@colotrust.com.

  • How do I add or remove bank instructions on my COLOTRUST account?

  • Please fill out the Bank Amendment Form which is available in the forms section within MYACCESS.

MYACCESS

  • What is COLOTRUST MYACCESS?

  • MYACCESS is a secure, Internet-based transaction system that allows registered COLOTRUST Participants to self-manage their COLOTRUST investments. MYACCESS is available 24/7, 365 days a year.

  • What functions can MYACCESS perform?

  • MYACCESS allows Participants to make contributions, withdrawals, and transfers between subaccounts as well as to other approved COLOTRUST Participants. Users can pre-date important transactions, ensuring that they are handled reliably and avoiding unfortunate timing issues or cash access emergencies. Reporting features available in MYACCESS include access to monthly statements, transaction confirmations, and details highlighting past, present, and future dated transactions.

  • How does a COLOTRUST Participant receive a login for MYACCESS?

  • In order to obtain a MYACCESS online account, COLOTRUST Participants may call Client Services at (877) 311-0219 or email clientservices@colotrust.com.

  • How long does it take to receive login credentials for MYACCESS?

  • All new usernames and passwords are system generated and will arrive via email one day after the request is made.