Investment policy
The investment objective of the Short-Term Investment Fund is to provide the greatest income while, first, ensuring the preservation and safety of principal, and, second, providing immediate liquidity to meet participants' daily cash flow requirements.
STIF lowers risk by investing in high quality, well-diversified securities with relatively short average maturities. In addition, STIF maintains a reserve of approximately one percent of fund assets to protect against losses
In June 2023, Treasurer Russell approved and adopted a revised STIF Investment Policy Statement. The only change made to the existing Investment Policy Statement is additional clarity on the role of the STIF Advisory Committee. See updated policy below:
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