State Treasurer of Iowa

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).

Pooled Money Asset Allocation 30 Day Average Ending June 30, 2023.

 

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 Israel Bonds TOTAL
27.52% 2.32% 0.00% 28.27% 3.26% 0.00% 0.00% 38.52% 0.00% 0.11% 100.00%

 

Pooled Money Maturity Distribution 30 Day Average Ending June 30, 2023.

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
5.88% 68.52% 10.30% 6.20% 3.97% 2.59% 2.54% 0.00% 100.00%

 

Pooled Money Average Daily Book Value since 1998.

Average Daily Portfolio Book Value
Fiscal Year Amount
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 $4,245,876,029
2022 $5,926,207,127
2023 $8,667,695,184

 

 

 

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