Short Term Fund

The Combined Fund Short-Term Income Investment Pool

The Short-Term Income Investment Pool is intended for investment of short-term funds with an investment horizon up to about eighteen months.  This pool would be an alternative to money market investments and short-term CD’s.  This portfolio would not be FDIC insured.

Allocation – Ultra short-term, short-term and intermediate term fixed income funds and 5% in and S&P 500 Index Fund.

Risk Profile – Goal is not to have a loss in any single one-year period.  There could be a loss in a given calendar quarter.

Anticipated Total Returns - Investment returns are expected to exceed the rate of inflation and to exceed money market fund rates by 2% annually over time.

Minimum Initial Investment - $1,000.00

Withdrawals – There are no automatic distributions of income from the Pool.  Withdrawals may be made on demand once per calendar quarter.

Historical Investment Returns

The Short Term Investment Pool had a total return of 0.32% for the year ended 12/31/15 compared to the benchmark rate of 0.29%.  The pool was established in January of 2015, so only one year of history is available.

Note:  Historical investment returns are not a guarantee of future results.

Current Policy Investment Allocation