TrustINdiana Term Series

What is TrustINdiana Term Series?

The TrustINdiana Term Series Fund (Term Series) is a specially designed feature for active TrustINdiana Participants. The Term Series  allows Participants who meet certain criteria to invest in fixed-term investments with maturities between 90 and 365 days. Each Term Series will consist of deposits in financial institutions designated by the state as a depository of public funds.

 

How Does TrustINdiana Term Series Work?

Monies that are directed to a Term Series by an active Participant will be invested by the Investment Advisor in accordance with Indiana Law and eligible Indiana banks. Each Term Series investment is an independent transaction of the respective Participant that may be pooled with other Term Series investments of other Participants, creating a new fund within the Term Series program.

  1. The TrustINdiana Participant(s) that wish to participate in a Term Series will pool together their monies to be invested in conjunction with other participating TrustINdiana Participant(s) (if applicable) at the time of the Term Series creation.
  2. The Investment Advisor (Public Trust Advisors) will execute a bundled transaction to purchase eligible deposits in financial institutions designated by the state maturing between 90 and 365 days.
  3. Once investments are purchased, Term Series funds will be created (Fund ABC 1, ABC 2, ABC 3, and so forth).

 

FAQs

  • When are Term Series initiated?

  • Series are initiated on the 10th and 20th days of each month.

  • Do I have to hold my Term Series to maturity?

  • Yes, Term Series investments must be held to maturity in order to achieve the investment objectives. Early withdrawals may result in penalties including the loss of interest.

  • What is the minimum investment?

  • The minimum Term Series fund amount is $500,000.

  • Are the quoted rates net of fees?

  • Yes, all rates quoted are net of fees, and interest is paid at maturity.

  • Can I open multiple Term Series?

  • Yes, Participants may hold investments in multiple Term Series funds with maturities ranging from three months to one year.

TrustINdiana Term Series as an Investment Alternative

Each Term Series established will constitute a separate fund apart from all other Term Series and the TrustINdiana local government investment pool. Similarly, the rate of return on any Term Series will only be calculated for such fund.

Rates through December 10, 2019

Term

Rate

3-Month  1.80%
6-Month  1.70%
9-Month  1.68%
12-Month  1.72%

 


To get started, complete the following steps: 

  1. Read the TrustINdiana Term Series Information Statement.
  2. Fill our the below form.
  3. The Relationship Team will assist with the account registration and deposit process.

Term Series Registration Request

  • I would like to establish a Term Series account.

    Please fill out this contact form, and an investment professional will contact you shortly.

  • This field is for validation purposes and should be left unchanged.

 

Rates quoted are net of all fees and expenses. Performance comparisons will be affected by changes in interest rates. The above approximate yields are subject to change based on availability. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses. 

Each Term Series must be held to maturity to potentially achieve the investment objectives. No assurance can be given that a Term Series will achieve its investment objectives. Term Series deposits are held at financial institutions approved by the Indiana Public Deposit Insurance Fund (PDIF) and comply with both Indiana State Law and the TrustINdiana Investment Policy. Withdrawing investments before maturity may incur penalties and fees including the possible loss of all interest income. Some of the underlying deposits may be subject to early termination penalties.