State Investments

The State Treasurer combines all State funds for banking and investment purposes. This creates efficiencies and economies of scale that decrease administration costs. The State 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 State Treasurer invests the pool according to the Investment Policy for the Pooled Money Fund (PDF).

*Consists of asset-backed security (ABS), corporate bonds, commercial paper, foreign government securities and US government bonds (non-discounted Treasuries).

 

Pooled Money Asset Allocation

Agency Bonds	Money Market Funds	Treasury Bills	Invest In Iowa	Agency Discount Notes	All Other Investments	Total
18.9%	37.2%	15.3%	3.8%	20.2%	4.6%	100.00%

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.)	Total
49.8%	29.2%	4.4%	4.0%	2.7%	3.2%	6.7%	100.00%

 

Average Daily Portfolio Book Value

Fiscal Year	Amount
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	$4,245,876,029
2022	$5,926,207,127
2023	$8,667,695,184
2024	$10,253,670,440
2025	$10,700,700,693