What is it?

In 1991, the Florida Association of Counties (FAC) and the Florida Court Clerks & Comptrollers (FCCC) teamed-up with four counties (Brevard, Hernando, Manatee and Orange) to establish the Florida Trust to provide a local government investment pool (LGIP) for Florida’s counties. Established in accordance with section 163.01, Florida Statutes, the Florida Trust is governed by a six-member board of trustees comprised of three County Commissioners and three Clerks of the Circuit Court. Focused on safety, liquidity and return, the Florida Trust is the longest running member-owned, member-governed LGIP in the state and has an outstanding track record for safety and performance since it opened on January 15, 1992.

Key Features

• Marked to Market every business day since inception

• 22 consecutive unqualified opinions from external auditors covering inception to the most recent fiscal year

• No withdrawal restrictions

• Trust membership is completely free and there is no obligation to deposit funds

The Florida Trust offers two investment funds:

Short Term Bond Fund

Has outperformed its benchmark, the Merrill Lynch 1 – 3 Year Treasury Index, by sticking to its guidelines and keeping its priorities on safety, liquidity and yield, in that order, resulting in the highest possible rating by Fitch- AAAf/S1. (Next-Day Liquidity)

Key Features

• Authorized investment under Florida law, F.S. 218.415 (16) (a).  The Florida Trust is an intergovernmental investment pool created by interlocal agreement under F.S. 163.01.

• Launched in 1992 and sponsored by the Florida Court Clerks and Comptrollers and the Florida Association of Counties.

• AAAf/ S1 rated by Fitch Ratings’ Agency and structured to maintain liquidity, safety of principal, and maximize available yield through a balance of quality and diversification.

• Invests primarily in U.S. Treasuries, Mortgages, Commercial Paper, Government Related Securities, Asset-Backed Securities rated AAA or A-1, and Corporate Bonds rated A or better by Fitch Ratings’

Day to Day Fund

A money market fund opened in January 2009 which follows the same philosophy of maintaining strict investment guidelines, a high level of liquidity and received Fitch’s highest money market fund rating – AAAm. (Same-Day Liquidity)

Key Features

• Authorized investment under Florida law, F.S. 218.415 (16) (a). The Florida Trust is an intergovernmental investment pool created by interlocal agreement under F.S. 163.01.

• Launched in 2009 and sponsored by the Florida Court Clerks and Comptrollers and the Florida Association of Counties.

• AAAmmf rated by Fitch Ratings’ Agency and structured to maintain liquidity, safety of principal, and maximize available yield through a balance of quality and diversification.

• Invests primarily in Repurchase Agreements, U.S. Treasuries, Mortgages, Commercial Paper and Certificates of Deposit, Government Related Securities, Asset-Backed Securities rated AAA or A-1, and Corporate Bonds rated A or better by Fitch Ratings’