Fund Highlights
STIF Facts as of March 31, 2025 |
|
| Inception date | 1972 |
| Amortized Cost | $18.8 billion |
| Reserve balance | $122.1 million |
| S&P rating | AAAm |
| Weighted average maturity | 16 days |
| Quarterly effective yield | 4.53% |
| One-year total return | 5.12% |
| Five-year total return | 2.72% |
| Ten-year total return | 1.96% |
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 March 31, 2025, the largest asset allocation categories were:
Deposit Instruments (39.6%)
Repurchase Agreements (39.5%)
Fund Management
Paul Coudert, Principal Investment Officer
Marc Gagnon, Investment Officer
Robert Scully, Investment Officer
Jan Hong, Senior Investment Associate
Danielle Thompson, Investment Technician