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IMPORTANT MESSAGE:  Due to the Good Friday Holiday, the Fund will be closed on Friday, April 10, 2020.

IMPORTANT MESSAGE FROM ILLINOIS TRUST

Please click here to view a message regarding recent market volatility and Illinois Trust’s commitment to safety of public fund investments.

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 Portfolio*. This investment stresses “safety of principal” as its #1 objective – a fact underscored by its AAAm** rating from Standard & Poor’s.
  • Illinois TERM. This fixed rate investment 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, and has a AAAf*** rating from Fitch.

Investors also have access to a range of additional products authorized by the Board of Trustees and administered by PFM Asset Management LLC (“PFMAM” or the “Investment Adviser”), the Investment Adviser of the Trust.

Distinctive structure, specialized focus 

The Trust’s structure differs from its competitors, enabling it to offer services exclusively to Illinois park entities and public agencies. These attributes set the Trust apart:

  • The Trust 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 – members who are 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 meet your needs, please call a Trust Representative at 1-800-731-6830.

*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.

The Illinois Institutional Investors Trust and the Illinois Park District Liquid Asset Fund Plus (collectively the “Funds”) entered into a Plan of Reorganization (the “Reorganization”) to merge the assets of the Funds into one common law trust. As a result of this Reorganization, the Board of Trustees of the Illinois Institutional Investors Trust established two classes of shares for the existing IIIT Portfolio, namely, the IIIT Class and the IPDLAF+ Class. Effective February 27, 2012, the Illinois Institutional Investors Trust was renamed the Illinois Trust and then the Illinois Park District Liquid Asset Fund Plus was dissolved and its outstanding shares were assumed by the Illinois Portfolio, 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.

**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 and the AAAf rating signifies that a portfolio's holdings provide extremely strong protection against losses from credit defaults. However, it should be understood that these ratings are not “market” ratings or a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Standard & Poor’s website (http://www.standardandpoors.com/en_US/web/guest/home).

***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 not a "market" rating nor a recommendation to buy, hold or sell the securities.  For a full description on rating methodology visit www.finchratings.com.  

 

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 available on the Trust’s website 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 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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