Short-Term Investment Fund   

Welcome to the Short-Term Investment Fund (STIF) Home Page!

Please see our STIF Investor Communications page for the most accurate and up-to-date reports on the status of our fund.

   What is the Short-Term Investment Fund?    

The Treasurer’s Short-Term Investment Fund (STIF) is a Standard & Poor’s AAAm rated investment pool of high-quality, short term money market instruments managed by the Cash Management Division of the State Treasurer’s Office.

Created in 1972, STIF serves as an investment vehicle for the operating cash of the State Treasury, state agencies and authorities, municipalities, and other political subdivisions of the State.

   Solid Track Record of Results   

From July 2001 through June 2011:

• Outperformed similar funds by an average of 31 basis points

• Outperformed 90-day Treasury Bills by an average of 46 basis points

• Outperformed three-month CD’s by an average of 2 basis points

From July 2001 through June 2011, STIF’s above-average performance has earned an additional $136 million in interest for Connecticut governments and their taxpayers.

       Highly Rated     

The STIF rating, AAAm, is Standard & Poor's highest principal stability fund rating and "demonstrates extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to a credit risk".

   Investment Philosophy and Portfolio Profile    

The investment objective of the Short-Term Investment Fund is to provide the greatest income while, first, ensuring the preservation and safety of principal, and, second, providing immediate liquidity to meet participants’ daily cash flow requirements.

STIF lowers risk by investing in high quality, well-diversified securities with relatively short average maturities. In addition, STIF maintains a reserve of approximately one percent of fund assets to protect against losses.

   STIF Participation  

As of June 30, 2011, the STIF unit administered 1,129 active STIF accounts for 68 state agencies and authorities and 269 municipalities and local entities.

   Programs and Services     

• Complete, same-day liquidity.

• Grant Express program allows the deposit of large state grants, directly to a STIF account.

• Clean Water Fund Express allows automatic transfer of loan payments from a STIF account to the trustee.

• Debt Service Express permits automatic transfer of bond payments from a STIF account to the paying agent.

• STIF daily rates are available on the internet.

• STIF provides Quarterly Reports including performance data and economic analysis, a Comprehensive Annual Financial Report and an Annual Meeting.