A secure, member-governed investment pool designed exclusively for Florida’s local governments.
Established in partnership with the Florida Association of Counties and the Florida Court Clerks & Comptrollers, the Florida Local Government Investment Trust provides counties with a safe, liquid, and transparent way to invest public funds in accordance with Florida law.
Governed by a board of county commissioners and clerks, and independently audited each year, the Trust has delivered decades of proven performance while prioritizing safety, compliance, and fiduciary responsibility.
Why the Florida Trust Matters
Why the Florida Trust Matters
Florida’s local governments are entrusted with safeguarding public funds while maintaining liquidity and compliance with state law. The Florida Local Government Investment Trust was created to meet those responsibilities through a secure, transparent, and member-governed investment structure.
By pooling resources statewide, the Trust helps counties access professionally managed investment options designed specifically for public-sector needs — without sacrificing control, flexibility, or oversight.
Features
Transparent & Audited
Independently audited annually, with assets marked to market each business day to ensure clear, accurate reporting.
Member-Governed
Oversight is provided by a board of county commissioners and clerks, ensuring decisions reflect the needs of Florida’s local governments.
No Cost to Participate
Trust membership is free, with no obligation to deposit funds.
Built for Public Funds
Designed exclusively for Florida’s counties, the Trust operates in accordance with Florida Statutes and public investment requirements.
Safety First
The Trust prioritizes preservation of principal through conservative investment strategies and rigorous oversight.
Liquidity Without Penalty
Funds can be accessed without withdrawal restrictions, giving counties the flexibility to manage cash flow with confidence.
The Florida Trust offers two Investment funds:
The Florida Trust offers two Investment funds:
Short-Term Bond Fund
Has outperformed its benchmark, the Merrill Lynch 1–3 Year Treasury Index, by adhering to strict guidelines that prioritize safety, liquidity, and yield—in that order—resulting in Fitch’s highest possible rating of AAAf/S1 (Next-Day Liquidity).
Key Features
- Authorized investment under Florida law, F.S. 218.415 (16) (a). The Florida Trust is an intergovernmental investment pool created by interlocal agreement under F.S. 163.01.
- Launched in 1992 and sponsored by the Florida Court Clerks and Comptrollers and the Florida Association of Counties.
- AAAf/ S1 rated by Fitch Ratings’ Agency and structured to maintain liquidity, safety of principal, and maximize available yield through a balance of quality and diversification.
- Invests primarily in U.S. Treasuries, Mortgages, Commercial Paper, Government Related Securities, Asset-Backed Securities rated AAA or A-1, and Corporate Bonds rated A or better by Fitch Ratings.
Day-to-Day Fund
Opened in January 2009, this money market fund follows strict investment guidelines that emphasize liquidity and safety and has received Fitch’s highest money market fund rating of AAAm (Same-Day Liquidity).
Key Features
- Authorized under Florida law (F.S. 218.415 (16)(a)) as an intergovernmental investment pool established pursuant to F.S. 163.01.
- Launched in 2009 and sponsored by the Florida Court Clerks and Comptrollers and the Florida Association of Counties.
- AAAmmf rated by Fitch Ratings’ Agency and structured to maintain liquidity, safety of principal, and maximize available yield through a balance of quality and diversification.
- Invests primarily in Repurchase Agreements, U.S. Treasuries, Mortgages, Commercial Paper and Certificates of Deposit, Government Related Securities, Asset-Backed Securities rated AAA or A-1, and Corporate Bonds rated A or better by Fitch Ratings.
