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 November 30, 2014 this pool had $1.25 billion in assets with a Net Asset Value of $1.00. The fund continues to maintain the highest rating from S&P (AAA f/S1+) with a Weighted Average Maturity of 59 days.

 

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 November 30, 2014 this pool had $1 billion 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 22 days.

Pool 7 November 30, 2014

pool 500

Pool 500 is a medium-term fund. As of November 30, 2014 this pool had $257 million in assets and a Floating Net Asset Value of $1.035. The weighted average rating of all the securities in this pool is AA-2 with an effective duration of 1.60 years.

Pool 700 November 30, 2014

pool 700

Pool 700 is a full faith and credit medium-term fund. As of November 30, 2014 this pool had $145.7 million in assets with a Floating Net Asset Value of $1.01. Because Pool 700 invests in securities backed by the U.S. Government, it has a AAA weighted average rating. Its effective duration at the end of November was 2.85 years.

Pool 500 November 30,2014