The Florida Trust Day to Day Fund is a money market product created in January 2009 in response to demand to provide a fiscally conservative diversification option for Florida local governments. It’s launch exceeded expectations and surpassed the half billion dollar mark in its first 90 days of operation. The fund is rated 'AAAm' by Standard & Poors and is governed by the same board and advisory committee that has overseen the 20 year old Florida Local Government Investment Trust’s short term bond fund, Florida's longest running member-owned and governed investment pool.
Transactions made online or by phone before 11 am EST are available the same day after 1 pm EST.
The objective of the fund is preservation of capital, daily liquidity, and added value through active management of the portfolio within the guidelines of 'AAAm" rated funds and the SEC rule 2a-7.
Fees for the fund will not exceed 15 basis points. The fund administrator is the Florida Association of Court Clerks & Comptrollers (FACC), the investment advisor is Payden & Rygel, investment counsel is Nabors, Giblin & Nickerson, and the fund custodian is United Missouri Bank (UMB).
Fund Highlights
- 20 years of proven performance as Florida’s longest running member-owned and governed investment pool.
- Emphasis on the transparency of investments. Monthly statements will be distributed to participants and reports generated on demand as requested.
- Secure and user-friendly web-based account information and transaction access, and a dedicated program phone line.
- Commitment to keep program fees low. The fund’s focus is safety, liquidity and return with emphasis on the program's internal controls and review process.
Investment Returns
Program Information
If you would like additional information, please contact
Mike Moreno at (850) 205-8237 or (850) 443-0340.