Local Government Investment Pool (LGIP) Performance

Q2 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.

pool 5

Pool 5 is a diversified short-term fund similar to a prime money market fund. At the end of the quarter this pool had $1.41 billion in assets with a Net Asset Value of $1.00 as of 12/31/13. The fund continues to maintain the highest rating from Standard & Poor’s (AAAF/S1+) with a Weighted Average Maturity of 34 days.

 5a

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. At the end of the quarter this pool had $1 billion in assets with a Net Asset Value of $1.000 as of 12/31/13. Because Pool 7 invests in securities backed by the U.S. Government, it has a AA+ weighted average rating and has a Weighted Average Maturity of 53 days.

7a

pool 500

Pool 500 is a medium-term fund. At the end of the quarter this pool had $289.4 million in assets and a Floating Net Asset Value of $1.0265 as of 12/31/13. The weighted average rating of all the securities in this pool is AA with an effective duration of 1.82 years.

500

pool 700

Pool 700 is a full faith and credit medium-term fund. At the end of the quarter this pool had $228.6 million in assets with a Floating Net Asset Value of $0.9970 as of 12/31/13. 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 December was 2.02 years.

700