How is TrustINdiana different from other cash investment options?
While no investment option is devoid of risk, local government investment pools, like TrustINdiana, offer one of the safest investment options for local governments. The funds invested in TrustINdiana are converted into a common pool of high-grade, fixed income investment assets (e.g., securities backed by the full faith and credit of the United States Treasury or full guaranteed by the United States, commercial paper rated in the highest category by one rating agency, bank deposits with Indiana designated depositories), that preserves the principal of the public’s funds, remains highly-liquid, and maximizes the return on the investment. The common investment assets must be permitted by the TrustINdiana’s investment policy and state statute. These investment assets are held by the custodian (The Bank of New York) in the name of the fund participants. Safety is further enhanced by limiting the term of specific investments, asset class diversification, as well as the weighted average mat
