Local Government Investment Pool (LGIP)

The Office of the State Treasurer manages the LGIP Trust which is comprised of three offerings: Georgia Fund 1 (GF1), Georgia Fund 1 Plus (GF1+), and Georgia Extended Asset Pool Plus (GEAP+). The LGIP Trust Policy governs the management of these funds and the Trust must also adhere to the criteria specified in the Investment Policy for the Office of the State Treasurer.

◼ 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. 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+): A local government investment pool comprised of state and state agency funds. GF1+ is managed to maintain a constant NAV of $1.00. The portfolio mix will be a target of 70% Rates portfolio and 30% Credit portfolio managed by an external manager. The performance objective is to exceed the Georgia Fund 1 book yield for each respective measurement period.

◼ Georgia Extended Asset Pool Plus (GEAP+): An investment option currently comprising state funds in a series of target maturity funds each quarter with emphasis on principal preservation with buy and hold return certainty. GEAP+ has a target range of 25% to 35% credit investments. The funds are managed by an external manager with OST oversight.