What the money
record shows.
Dated evidence of holdings, purchases, funding, and scheduled maturities. Each entry describes a specific event; this is not a current statewide portfolio total.
Read the dates before the amounts
Coverage: Treasury holding snapshot, June 30, 2025, plus a February 2026 adjustment worksheet; APERS purchase, October 15, 2025, and holding reports, October 20, 2025 and September 7, 2026; ATRS mandate funding, January 2, 2026, Israel Bond purchase, February 2026, and account holdings, July 31, 2026. Reviewed September 28, 2026.
Do not add these rows together. The same investment can appear as a purchase, holding, and scheduled maturity. Manager funding is not proof of bonds held. Empty spreadsheet fields mean the selected record does not establish that value.
Download the complete event ledger (Excel .xlsx). Coupons are contractual rates, not evidence of superior or inferior returns.
When the bonds come due
Maturity dates
Each date comes from the record named beside it. The Treasury dates are maturities scheduled on its June 30, 2025 statement; later ownership and receipt are not established. The amounts come from different record dates, so they are not added together. Red marks the next Treasury date, November 1, 2026. Reviewed September 28, 2026. See every record in the ledger.
The dates as a list
- State Treasury$10 millionscheduled, two $5 million positions · June 30, 2025 statement · date passed; receipt not established
- State Treasury$10 millionscheduled, one position · June 30, 2025 statement
- APERS$15 millionone position · preliminary report, September 7, 2026
- State Treasury$10 millionscheduled, one position · June 30, 2025 statement
- APERS$10 millionone position · preliminary report, September 7, 2026
- State Treasury$10 millionscheduled, one position · June 30, 2025 statement
- State Treasury$10 millionscheduled, one position · June 30, 2025 statement
- ATRS$9.9 millionone position · July 31, 2026 worksheet
Treasury
| Record date | Event / principal | Security / terms | What the record establishes |
|---|---|---|---|
| 2025-06-30 | Holding snapshot $10,000,000 | 46513JHA2 Coupon 2.83% Maturity 2030-01-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 1 |
| 2025-06-30 | Holding snapshot $10,000,000 | 46514X2P3 Coupon 4.66% Maturity 2028-05-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 2 |
| 2025-06-30 | Holding snapshot $10,000,000 | 46514X3P2 Coupon 5.17% Maturity 2030-05-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 3 |
| 2025-06-30 | Holding snapshot $10,000,000 | 46514AM22 Coupon 5.40% Maturity 2026-11-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 4 |
| 2025-06-30 | Holding snapshot $5,000,000 | 46514TZG6 Coupon 1.35% Maturity 2026-02-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 5 |
| 2025-06-30 | Holding snapshot $5,000,000 | 46514TQN1 Coupon 1.92% Maturity 2026-10-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 6 |
| 2025-06-30 | Holding snapshot $5,000,000 | 46514TZZ4 Coupon 2.07% Maturity 2026-10-01 | Historical statement; excludes transactions pending settlement. Not a current balance. SRC-TRE-001 · Original PDF page 1, row 7 |
| 2025-06-30 | Scheduled maturity $10,000,000 | 46514AM22 Coupon 5.40% Maturity 2026-11-01 | Scheduled in historical statement. Not evidence of receipt, continued ownership, reinvestment, or campaign impact. SRC-TRE-001 · Original PDF page 1, row 4 |
| 2025-06-30 | Scheduled maturity $5,000,000 | 46514TZG6 Coupon 1.35% Maturity 2026-02-01 | Scheduled in historical statement. Not evidence of receipt, continued ownership, reinvestment, or campaign impact. SRC-TRE-001 · Original PDF page 1, row 5 |
| 2025-06-30 | Scheduled maturity $5,000,000 | 46514TQN1 Coupon 1.92% Maturity 2026-10-01 | Scheduled in historical statement. Not evidence of receipt, continued ownership, reinvestment, or campaign impact. SRC-TRE-001 · Original PDF page 1, row 6 |
| 2025-06-30 | Scheduled maturity $5,000,000 | 46514TZZ4 Coupon 2.07% Maturity 2026-10-01 | Scheduled in historical statement. Not evidence of receipt, continued ownership, reinvestment, or campaign impact. SRC-TRE-001 · Original PDF page 1, row 7 |
| 2026-02-02 | Inventory adjustment $5,000,000 | 46514TZG6 Coupon 1.35% Maturity 2026-02-01 | Projected-cashflow sheet labels Final Maturity and a $5 million inventory adjustment; posting date February 2 differs from contractual February 1 maturity. Independent principal receipt not established here. SRC-TRE-002 · Sheet1 rows 14 and 17-18 |
APERS
| Record date | Event / principal | Security / terms | What the record establishes |
|---|---|---|---|
| 2025-10-15 | Purchase $15,000,000 | 46514X2A6 Coupon 4.06% Maturity 2027-10-01 | Purchase documented by email, transfer and attached bondholder advice. Same investment as APE-H01; do not add them. SRC-APE-001 · Original PDF pages 6924-6925, 6929-6931 |
| 2025-10-20 | Holding snapshot $15,000,000 | 46514X2A6 Coupon 4.06% Maturity 2027-10-01 | Dated bondholder advice excludes pending settlement. Same investment as APE-P01, not an additional $15 million. SRC-APE-001 · Original PDF page 6931, account-information table |
| 2026-09-07 | Holding snapshot $10,000,000 | 46515DRC8 Coupon 4.67% Maturity 2028-08-01 | Preliminary BNY custody report produced by APERS. A second bond, separate from the October 2025 purchase. The report shows “DD 08/15/26” for this bond; this production includes no trade confirmation, so no purchase date is stated here. SRC-APE-002 · Page 1, Israel Bonds row 1 |
| 2026-09-07 | Holding snapshot $15,000,000 | 46514X2A6 Coupon 4.06% Maturity 2027-10-01 | Same investment as APE-P01 and APE-H01, still held on this report. With APE-H02, the report’s Israel Bonds subtotal is $25 million. SRC-APE-002 · Page 1, Israel Bonds row 2 |
ATRS
| Record date | Event / principal | Security / terms | What the record establishes |
|---|---|---|---|
| 2025-06-02 | Authorization ceiling $50,000,000 | Not identified Maturity not identified | Authorization ceiling of up to $50 million through Scout/Reams; not a purchase or an additional $50 million beside mandate funding. SRC-ATR-002 · Official June 2, 2025 Board minutes, page 4, Resolution 2025-22 |
| 2026-01-02 | Mandate funding $50,000,000 | Not identified Maturity not identified | Completed internal transfer from the ATRS liquidity account to the Reams account, settlement date January 2, 2026. Correction (September 28, 2026): earlier versions dated this funding December 2025 from the December 29, 2025 trustee update (SRC-ATR-001). Funding is not the same as bonds bought; see ATR-P01. SRC-ATR-003 · Original PDF page 3, Activity Report |
| 2026-02-15 | Purchase $9,900,000 | 46515DSQ6 Coupon 4.93% Maturity 2031-02-01 | Israel Bond bought inside the $50 million Reams account (ATR-F01), not in addition to it. Issue date February 15, 2026 on the confirmation; the manager’s trade record shows trade and settlement February 17. A February 1 issuance of the same amount at 4.86% was cancelled; count this purchase once. SRC-ATR-004 · Original PDF page 1, issue table |
| 2026-07-31 | Holding snapshot $9,900,000 | Redacted in this record Coupon 4.93% Maturity 2031-02-01 | Same bond as ATR-P01; the agency redacted its security ID in this worksheet. The only Israel Bond in the account on this report, 19.71% of $50.4 million market value; the rest was U.S. Treasury notes and cash. The manager states a long-term objective of a laddered Israel Bonds portfolio, buying no more than $10 million a year (SRC-ATR-006). SRC-ATR-005 · Worksheet row 9 (Govt Related) |
What still needs reconciliation
Current custody statements, principal receipts, and complete subsequent purchase activity are needed before publishing an updated portfolio balance. The Treasury’s historically scheduled October and November 2026 maturities total $10 million in each month. Later ownership and actual receipt must be checked.
APERS’s purchase and both holding entries for 46514X2A6 are the same $15 million investment; the preliminary September 7 report adds a separate $10 million bond, for $25 million on that report. ATRS’s $9.9 million Israel Bond was bought inside the $50 million account, not in addition to it, and the board authorization is not a second funded amount. See the ATRS brief.
Correction, September 28, 2026: this ledger previously dated ATRS’s $50 million funding to December 2025, based on a December 29, 2025 update to trustees. ATRS’s transfer records show the funding was completed January 2, 2026.
Follow the verification steps or read the investment-comparison method.
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