Local Government Investment Pool (LGIP) Performance

FY 2014 Performance Statistics

Any public entity in the state may participate in the LGIP program. It is structured to provide participants safety of principal, daily liquidity followed by investment income — in that order.

Monthly LGIP performance is reviewed by the Board of Investment. Detailed reports can be viewed here.

pool 5

Pool 5 is a diversified short-term fund similar to a prime money market fund. As of June 30, 2014 this pool had $1.1 billion in assets with a Net Asset Value of $1.00. The fund continues to maintain the highest rating from Standard & Poor’s (AAAF/S1+) with a Weighted Average Maturity of 59 days.

 pool 5

pool 7

Pool 7 is a short-term fund that invests in only products backed by the full faith and credit of the United State Government. As of June 30, 2014 this pool had $950 million in assets with a Net Asset Value of $1.00. Because Pool 7 invests in securities backed by the U.S. Government, it has a AAA weighted average rating and has a Weighted Average Maturity of 19 days.

7

pool 500

Pool 500 is a medium-term fund. As of June 301, 2014 this pool had $275 million in assets and a Floating Net Asset Value of $1.034. The weighted average rating of all the securities in this pool is AA with an effective duration of 1.64 years.

500

pool 700

Pool 700 is a full faith and credit medium-term fund. As of June 30, 2014 this pool had $177 million in assets with a Floating Net Asset Value of $1.007. Because Pool 700 invests in securities backed by the U.S. Government, it has a AA+ weighted average rating. Its effective duration at the end of June was 2.18 years.

700