State Treasurer of Iowa

State Investments

The Treasurer combines all State funds for banking and investment purposes. This creates efficiencies and economies of scale that decrease administration costs. The Treasurer manages the "Pooled Money Fund" with these objectives:

  1. Safety. The safety of State money is the Treasurer's highest priority.
  2. Liquidity. Adequate liquidity is maintained in the investment portfolio in order to meet all anticipated cash needs.
  3. Yield. The investment portfolio is managed in order to achieve a market-average rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs.

The Treasurer invests the pool according to the Investment Policy for the Pooled Money Fund (PDF).

Pooled Money Asset Allocation 30 Day Average Ending December 31, 2020 Pie Chart by Percentage 

Pooled Money Asset Allocation
Agencies Invest in Iowa CDs Asset Backed Securities Agency Discount Notes Treasuries Repo's B.A.'s Mutual Funds Commercial Paper Corporate Bonds & Notes TOTAL
22.47% 3.33% 0.00% 17.37% 10.67% 0.00% 0.00% 46.16% 0.00% 0.00% 100.00%

 

Pooled Money Maturity Distribution 30 Day Average Ending December 31, 2020

Pooled Money Maturity Distribution
(1-29 Days) (30-180 Days) (181-364 Days) (1-2 Yrs.) (2-3 Yrs.) (3-4 Yrs.) (4-5 Yrs.) (Over 5 years) Total
3.87% 59.17% 10.10% 10.91% 7.14% 3.30% 4.70% 0.81% 100.00%

 

Pooled Money Average Daily Book Value from FY13 to FY20

Average daily portfolio book value
Fiscal Year Amount
2013 $3,343,859,210
2014 $3,655,779,504
2015 $3,254,470,443
2016 $2,934,853,238
2017 $2,514,696,590
2018 $2,562,751,143
2019 $2,771,797,484
2020 $3,430,611,365

 

 

 

© 2021 State Treasurer of Iowa. All rights reserved.