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About The Program

Background  

MOSIP was established in 1991 under the authority of Article VI, Section 16 of the Constitution of Missouri and Sections 70.210 to 70.320, Revised Statutes of Missouri, as amended. These statutory provisions provide authority for Missouri’s political subdivisions to pool their funds together for a common service, provided such municipalities and political subdivisions are authorized to do so.

Investment options and services  

MOSIP’s Intergovernmental Agreement provides for the creation of multiple specialized investment series within the Program. Currently, MOSIP offers two investment options. MOSIP also offers additional services authorized by the MOSIP Board of Directors and provided by PFM Asset Management LLC (“PFM”), MOSIP’s Investment Advisor.

 

Investment Options
  MOSIP Term CP/BA  MOSIP Liquid 
Investment Period   60 day Minimum
180 Day Maximum
One Day Minimum
Balance Requirements   $1,000,000 Minimum $1.00 Minimum
Additional Deposits   $1,000,000 Minimum No Minimum
Statements   Daily Confirmation
Monthly Statement
Daily Confirmation
Monthly Statement
Withdrawals   Planned Redemption Unlimited
Transaction
Charges & Fees
 
None None
Accounts   Unlimited Unlimited
Rate   Fixed Rate Variable Rate/
Calculated Daily
Interest Earnings  

Planned Redemption or
Premature Redemption*

Calculated Daily
Paid Monthly
Standard & Poor's Rating   AAAf AAAm
* Requires 7-day notification 
 
 
 
 
 
Additional Products (Authorized by MOSIP Board of Directors)
 
The following products and services are authorized by the MOSIP Board of Directors. These services are provided by PFM. MOSIP’s Investment Advisor:

Fixed-Income Investment Program (CD's, Agencies, Treasuries, etc.)  
  • Investors receive advice on the purchase of individual investments to meet specific needs
  • Assets are held in the Investor’s name at U.S. Bank, N.A., with the cost paid by PFM
  • All investments are quoted in both gross and net rates, in full disclosure of investment advisory fees
Investment of Bond Proceeds  

Investment Options:
  1. Bond Account Management (BAM): PFM manages bond proceeds and performs arbitrage rebate calculations
  2. Laddered Portfolio: Matches maturities to meet expected cash flow needs and arbitrage rebate requirements
Individual Portfolio Management (IP)  

PFM creates a comprehensive investment strategy and portfolio for your entity. This process includes:
  • Asset/Liability review
  • Cash flow review and analysis
  • Investment policy review
  • Establishment of acceptable benchmarks
  • Development of an optimal investment portfolio
  • Third-party safekeeping
  • Ongoing active management of investments
To learn more about these services, contact a MOSIP Program Representative.
 

 

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Missouri Securities Investment Program's portfolios. This and other information about the Program's portfolios is available in the Program's current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-877-MY-MOSIP or is available on the Program's website at  www.mosip.org. While the MOSIP Liquid Series seeks to maintain a stable net asset value of $1.00 per share and the MOSIP Term portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Program's portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.
 



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