Investing on behalf of Illinois
State legislators budget public monies that are collected, but that money is not spent all at once. As such, state agencies, boards and commissions require assistance managing their cash and investing all remaining funds in authorized investment vehicles. That’s where the Treasurer’s Office steps in.
As the state’s Chief Investment Officer and Chief Banking Officer, the Treasurer’s Office is responsible for receiving and safekeeping all public monies of the State, ensuring liquidity is available to meet the State’s obligations, and investing remaining funds in appropriate instruments that obtain the best risk-adjusted returns. The State Investment Portfolio, with total assets of approximately $13 billion, is invested and managed by the Treasurer’s Office.
Key Investment Pillars
Safety of Principal
Return on Investment
As of April 30, 2018
Portfolio Assets*: $14,848,164,795
Monthly Earnings: $20,303,493
30-Day Yield: 1.760%
30-Day Effective Yield: 1.774%
Weighted Average Maturity: 344.98
*Portfolio Assets total includes $1,813,609,649 invested in The Illinois Funds. Securities Lending collateral invested in repurchase agreements in the amount of $3,931,828,155 is not included in the Portfolio Assets total.
The Treasurer's Office uses industry benchmarks to ensure state dollars are placed in safe and lucrative investments. The Treasurer's goal is to consistently outperform the competition and exceed benchmarks.