The Missouri Securities Investment Program (“MOSIP” or the “Program”) provides school districts, municipalities, counties, and other political subdivisions with effective tools for meeting their cash flow and investment needs. MOSIP also offers its investors comprehensive investment management services, education and support.

Investments designed for Missouri’s school districts, municipalities, counties and other political subdivisions 

MOSIP and its various services provide Investors an opportunity to maximize their income potential while maintaining safety, liquidity and yield as their primary investment objectives. Currently, the Program offers Investors two investment options:

  • MOSIP Liquid Series, an option that provides liquidity,a no minimum balance, and a AAAm rating from Standard & Poor’s*.
  • MOSIP Term Series, a flexible option with terms from 60 days to 1 year.  MOSIP Term is rated AAAf** by Fitch.  See below for additional information.

MOSIP investors also have access to a range of additional products authorized by the Board of Directors and administered by PFM Asset Management LLC, the Investment Advisor of the Program.

Distinctive structure, Specialized focus

MOSIP’s structure differs from that of its competitors, enabling the Program to offer services exclusively to Missouri municipalities, schools, counties and political subdivisions. These attributes set MOSIP apart:

  • MOSIP is the only investment program sponsored by the Missouri School Boards’ Association (MSBA), Missouri Association of School Administrators (MASA), the Missouri Association of School Business Officials (MoASBO), Missouri Association of Counties (MAC), and Missouri Municipal League (MML)
  •  MOSIP is owned and operated by the Program’s investors, ensuring that the Program remains focused on the particular needs of Missouri’s municipal investors
  • The Program’s investors elect members of the Board of Directors to govern MOSIP – a Board that represents Investors of the Program and representatives of MSBA, MASA, MoASBO, MAC, and MML.
  • The Board of Directors is responsible for overall management of the Program, including formulation and implementation of investment and operating policies. 

The MOSIP Board selects various professional organizations to provide services to the Program.

For More Information

To find out more about how MOSIP can meet your needs, please call our Client Services Group at 1-877-MY-MOSIP (1-877-696-6747).

*Standard & Poor's fund ratings are based on analysis of credit quality, market price exposure and management. According to Standard & Poor's rating criteria, the AAAm rating signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share net asset value.  However, it should be understood that the rating is not a "market" rating nor a recommendation to buy, hold or sell the securities.  For a full description on rating methodology, visit Standard & Poor's website ( 

**The AAAf rating reflects Fitch Ratings’ (“Fitch”) review of the Term program’s investment and credit guidelines, the portfolio’s credit quality and diversification, as well as the capabilities of PFM Asset Management LLC as investment adviser. It indicates the highest underlying credit quality (or lowest vulnerability to default). However, it should be understood that this rating is a not “market” rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology visit


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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 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) ( and Securities Investor Protection Corporation (SIPC) ( PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

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