The Florida Trust Funds

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The Florida Trust has two funds to meet your diversification needs:

The Investment Trust
A short term bond fund with an investment portfolio structured to maintain safety of principal and maximize available yield through a balance of quality and diversification. 

The Day to Day Fund
A new money market product, offering a fiscally conservative diversification option for Florida local governments.  Fund features include same day transactions and convenient online account management.



The Investment Trust

As of January 31, 2014 the Florida Trust managed $743,756,800.76 for 35 local governmental entities. At a price per share of $23.9814 the Florida Trust has produced a 12-month total return of 0.578% and a market yield of 0.89%.

With larger amounts of money to invest, the Trust can purchase securities in larger denominations, thereby reducing transaction costs and improving yield. Larger investment pools will also permit the selection of a variety of securities maturing at various times, which provides diversity and can enhance total return. This fund is rated AAAf by Standard and Poors.




The Day to Day Fund


The Florida Trust is pleased to inform you that the Day to Day Fund has converted to a same-day fund.
 
When transactions are made before 11 a.m. EST, funds will be available the same-day, after 1 p.m. EST.  Combine this convenience with the use of the Online Account Access to make managing funds effortless and efficient. 
 
The Florida Trust Day to Day Fund is a money market product created in January 2009 in response to demand to provide a fiscally conservative diversification option for Florida local governments.  The fund is AAAm-rated by Standard and Poor’s and is governed by the same board and advisory committee that oversees the Investment Trust.

The Day to Day Difference:

  • Access. Buying and selling online through a secure web-based system means the fund's assets are easily accessible.
  • Flexibility. Low initial investment requirement means local governments of all sizes can participate.
  • Liquidity. The weighted average maturity of this fund is maintained at less than 50days.
  • Maximum Return. Economies of scale allow for the purchase of securities in larger denominations, reducing transaction costs and improving yields.
  • Personalized. The Florida Trust is an essential partner in serving the liquidity needs of  local governments.

 




Fund Balance: $669,357,327.82
Net Asset Value: $1.00
30 Day Net Yield: 0.09%


Fund Balance: $746,717,003.27
Net Asset Value: $24.0406
30 Day Net Yield: 0.47%

Updated as of: Feb. 24, 2014

             
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