Welcome to the IPDLAF+ Class
IPDLAF+ is a class of the Illinois Portfolio, a series of the Illinois Trust (the Trust). The Illinois Portfolio is a diversified, open-end, actively managed investment trust designed to address the short-term cash investment needs of Illinois public investors, including park districts, forest preserve districts, conservation districts, joint recreational programs and other public agencies.
Investments designed for Illinois' park entities
The Trust, through its various services, provides investors an opportunity to maximize their income potential while maintaining safety, liquidity and yield as their primary investment objectives. Currently, the Trust offers investors the following investment options:
- Illinois Portfolio1. This investment stresses safety of principal as its No. 1 objective. That goal is underscored by its AAAm rating from S&P Global2.
- Illinois TERM. This fixed-rate investment portfolio offers terms from 60 days to one year and is designed to match the cash flow requirements of investors with the cash flows from the portfolio. It has a AAAf rating from Fitch Ratings3.
Investors also have access to a range of additional products authorized by the Board of Trustees and administered by PFM Asset Management4.
Owned and operated by its investors
The Trust’s structure enables it to offer services exclusively to Illinois public agencies. These attributes set the Trust apart:
- It is owned and operated by its investors, ensuring that the Trust remains focused on the particular needs of Illinois municipal investors.
- Investors elect members of the Board of Trustees that is responsible for overall management of the Trust, including formulation and implementation of investment and operating policies and selection of various professional organizations to provide services to the Trust.
For More Information
To find out more about how the Trust can help meet your needs, please call a Trust Representative at 800.731.6830.
1 The Illinois Portfolio offers two classes: the IIIT Class and the IPDLAF+ Class. The IPDLAF+ Class is offered only to park districts, forest preserve districts, conservation districts and joint recreational programs and shares of the IIIT Class are not available for purchase by these entities. For more information, see the Illinois Trust Fact Sheet.
The IPDLAF+ Class is offered only to park districts, forest preserve districts, conservation districts and joint recreational programs and shares of the IIIT Class are not available for purchase by these entities.
2 S&P Global AAAm Rating: S&P evaluates a number of factors, including credit quality, market price, exposure, and management. Please visit SPGlobal.com/Ratings for more information and ratings methodology.
3 Fitch AAAf Rating: portfolios with this rating indicate having the highest underlying credit quality. Please visit fitchratings.com for more information and ratings methodology.
4 PFM Asset Management is a division of U.S. Bancorp Asset Management Inc., the Illinois Trust’s investment adviser and administrator, that services public sector clients.
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Updated Information Statement Available
An updated Information Statement, dated October 1, 2024, is now available for review. Please click here to access the document. If you have any questions, please email CSGMWW@pfmam.com.
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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 Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-731-6870 for the IIIT Class and 1-800-731-6830 for the IPDLAF+ Class and is also available on the Trust’s websites at www.iiit.us and www.ipdlaf.org. While both the IIIT and IPDLAF+ Classes of the Illinois Portfolio seek to maintain a stable net asset value of $1.00 per share and the Illinois TERM series seek to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.