Fund Highlights

STIF Facts as of December 31, 2023
Inception date 1972
Total Investor Share Value  $16.4 billion
Reserve balance $99.6 million
S&P rating AAAm
Weighted average maturity 44 days
Quarterly yield 5.44% 
One-year total return 5.23% 
Five-year total return 1.96%
Ten-year total return 1.34%

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 December 31, 2023, the largest asset allocation categories were:

Bank Deposits (32.5%)
Repurchase Agreements (31.0%)

Fund Management

Paul Coudert, Principal Investment Officer

Marc Gagnon, Securities Analyst

Jan Hong, Fund Accountant

Danielle Thompson, Investment Technician  

Staff Communication Information