Investment Financial Reports

Georgia Fund 1 (GF1): The local government investment pool primary liquidity portfolio comprised of state and local government funds. GF1 is managed to maintain a constant net asset value (NAV) of $1.00 and is rated AAAf by S&P. The primary objectives of the pool are safety of capital, liquidity, investment income, and diversification. Performance objective is to meet or exceed the S&P’s Rated Government Investment Pool Index.

Georgia Fund 1 Plus (GF1 Plus): A second investment option for state agencies to benefit from higher yields available by adding credit. GF1 Plus is managed as a low-risk rates/credit portfolio employing both internal and external investment managers.

NEW Georgia Extended Asset Pool (GEAP): GEAP is established as an additional investment option for an eligible public entities within the state of Georgia. GEAP offers target maturity funds on a periodic basis with emphasis on principal preservation. GEAP funds are intended for buy and hold investors and employ an external investment manager with OST oversight. *See archives for historical information*

Georgia Extended Asset Pool Plus (GEAP+): GEAP+ is established as an additional investment option for an eligible public entities within the state of Georgia. GEAP+ offers target maturity funds on a periodic basis with emphasis on principal preservation. GEAP+ funds are intended for buy and hold investors and employ an external investment manager with OST oversight. Some credit may be authorized for GEAP+ funds.

Georgia State Financing and Investment Commission (GSFIC): Three dedicated portfolios, two of which invest unspent general obligation bond proceeds and the third invests a portion of sales tax proceeds used for transportation projects pursuant to the Transportation Investment Act.

Georgia Department of Transportation (GDOT): A dedicated portfolio that invests motor fuel segregated funds including Federal Highway, State Road & Tollway Authority (SRTA) and General Obligation Bond Reimbursement funds. These funds are invested in short to medium-term fixed income securities with an overall portfolio effective duration that ranges between .10 and 1.5 with a neutral duration of .50. The performance objective is to meet or exceed the Bank of America Merrill Lynch 0 to 1-year U.S. Treasury notes and bonds index.

Georgia Department of Community Health (SHBP): A dedicated portfolio that invests the portion of the State Health Benefit Plan (SHBP) monies not invested in GF1. These funds are invested in short to medium-term fixed income securities with an overall portfolio effective duration that ranges between .10 and 1.5 with a neutral duration of .50. The performance objective is to exceed the yield earned on Georgia Fund 1.

Lottery for Education Reserve: A dedicated portfolio that invests the Lottery for Education shortfall reserve funds with an overall portfolio effective duration that ranges between .10 and 2.50 with a neutral duration of .90. The performance objective is to meet or exceed the Bank of America Merrill Lynch 1-year U.S. Treasury note index.

Revenue Shortfall Reserve: A dedicated portfolio that invests the State’s surplus funds with an overall portfolio effective duration that ranges between .10 and 1.5 with a neutral duration of 1.0. The performance objective is to exceed the yield earned on Georgia Fund 1.

Georgia Department of Administrative Services (Risk Management): A dedicated portfolio investing the portion of state self-insurance funds not invested in GF1 including worker’s compensation, liability and property coverage.  The dedicated portfolio is managed for the Office of the State Treasurer by Invesco. The portfolio is designed to enhance total rate of return of the State’s risk management funds. Eligible investments include residential mortgage-backed securities, commercial mortgage-backed securities, negotiable CDs, asset-backed securities and corporates.

Guaranteed Revenue Debt Common Reserve Fund (GTD Reserve):  A dedicated portfolio restricted to obligations constituting direct and general obligations of the U.S. government or obligations guaranteed as to payment of principal and interest by the U.S. government and maturing no longer than 12 months from the date of purchase.

 

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