A Letter from Kelly Mitchell, State Treasurer

Letter from Treasurer of State Kelly Mitchell

To the Participants of TrustINdiana:

I’d like to take a moment to recognize and celebrate the meaningful growth and success that TrustINdiana has seen since its inception ten years ago. I am pleased to see the program grow to an all-time high of over $1 billion in assets under management. This, among other aspects of the program, makes me proud to travel around the state and tout the success of TrustINdiana! It has always been my belief that the program provides a valuable service to those investing Indiana taxpayer dollars. Not only has the program seen growth in assets under management, but we have also seen a significant increase in the number of local governments participating. To me, this means we are providing a necessary and useful service for the Indiana taxpayers.

The continued success of the TrustINdiana program is dependent on several factors. First, the program relies on effective marketing to reach the many units of local government across the state and provide them with the fund information. Second, the program will need to continue seeing strong rates for Participants while keeping funds safely invested. Lastly, the opportunity for Participants to earn yield overnight while maintaining liquidity is crucial. While safety and liquidity are important, transparency is paramount to the success of the TrustINdiana program. Local and appointed elected officials are responsible for the safety of the funds they invest. Like all investors, Participants are more comfortable with an investment when they have a true and complete understanding of their finances. TrustINdiana wants to make sure it continues to serve Participants and local communities throughout the state with the safety and transparency that they have come to expect.

As a former county commissioner, I care deeply about the continued success of TrustINdiana and understand its importance as a safe, convenient, and liquid option for the many units of local government throughout the state. I am very proud of the stability and growth of TrustINdiana and am pleased with its ease of use for Participants. It is my goal as the Indiana Treasurer of State to assist communities in safely investing taxpayer dollars. Our Participants throughout Indiana are and always have been our greatest resource. Should you have any questions about the program, I invite you to reach out directly to me or to Cindy Barger.

Sincerely,

Kelly Mitchell

Treasurer of State


All comments and discussions presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. The information presented should not be used in making any investment decisions. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.