Fund Highlights
STIF Facts as of September 30, 2023 |
|
| Inception date | 1972 |
| Total Investor deposits | $18.0 billion |
| Reserve balance | $95.3 million |
| S&P rating | AAAm |
| Weighted average maturity | 40 days |
| Quarterly yield | 5.37% |
| One-year total return | 4.77% |
| Five-year total return | 1.79% |
| Ten-year total return | 1.20% |
Investment Strategy
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.
Fund Composition
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%)
Fund Management
Paul Coudert, Interim, Principal Investment Officer
Marc Gagnon, Securities Analyst
Jan Hong, Fund Accountant
Danielle Thompson, Investment Technician