The September production answers a question this site previously left open: what followed the ATRS manager-account transfer.
Funding is now verified
A December 29 notice described funding. The completed bank record dates the $50 million transfer to January 2, 2026. Completed funding, p. 3.
The account bought a mix of assets
The completed Israel Bond purchase was $9.9 million on February 17. The first issuance was canceled and replaced. July reporting shows the same security alongside U.S. Treasuries and cash, with a total account value of $50,446,757.95 including accrued income. Trade row 2 · Cancellation · July rows 7, 9 and 12.
The $50 million funding is not a $50 million Israel Bonds holding. Adding the $9.9 million bond to the full funding would double count it.
What remains open
The records now provide security-level transactions, holdings and manager reporting. The remaining question concerns the decision-specific merits analysis behind the sovereign exposure. Manager implementation reporting and independent credit advice have different purposes. Aon’s scope, pp. 149–150 · Q2 manager reporting.