STIF Facts as of September 30, 2023
|Total Investor deposits||$18.0 billion|
|Reserve balance||$95.3 million|
|Weighted average maturity||40 days|
|One-year total return||4.77%|
|Five-year total return||1.79%|
|Ten-year total return||1.20%|
The fund seeks to minimize risk and enhance return on short-term cash for State, municipalities and other political subdivisions. STIF employs a top-down approach to developing its investment strategy. Starting with the objectives of the fund, STIF considers constraints outlined in its investment policy, which include parameters on liquidity management, maturity targets and permissible investment types.
STIF implements an investment strategy that assures the portfolio is well diversified.
As of September 30, 2023, the largest asset allocation categories were:
Bank Deposits (32.0%)
Government Agency (23.9%)
Paul Coudert, Interim, Principal Investment Officer
Marc Gagnon, Securities Analyst
Jan Hong, Fund Accountant
Danielle Thompson, Investment Technician