His dam was Torch Rose and his sire was Alibhai, a British stallion who was imported by MGM Studios boss Louis B. Mayer to the United States to stand at his stud farm in Perris, California.

Racing Hall of Fame inductee William Molter, On Trust earned his only win at age two in the California Homebred Stakes at Bay Meadows Racetrack.

When On Trust was three, Ralph Neves rode him to a victory in February 1947 Santa Maria Handicap[2] that put him on the path to that year's U.S.

[7] On Trust continued to compete at top levels into age six in 1950, a year when he equaled the Tanforan Racetrack track record of 1:50 3/5 for a mile and an eighth on dirt.

[8] On Trust retired from racing in January 1951 as California's leading money winner and sixth of all time in the United States.