The Illinois Funds
The Illinois Public Treasurers' Investment Pool (IPTIP)
Investing on behalf of state and local governments
The Illinois Public Treasurers’ Investment Pool (referred to as “The Illinois Funds”) is a local government investment pool (LGIP) operated by the Office of the Illinois State Treasurer for state and local government agencies.
This program provides a critical service for state and local agencies, enabling them to pool their money and invest in a safe, liquid investment vehicle that exceeds industry benchmarks, and has received the highest rating (AAAmmf) from national credit ratings agencies.
Created in 1975, The Illinois Funds was one of the first local government investment pools established in the nation.
The Illinois Funds is comprised of approximately 1,500 participating entities, holding over 3,000 accounts, with net assets of over $20 billion.
Monthly Investment Summary
As of JULY 31, 2026
| Net Portfolio Assets* | $ 17,228,744,327 |
| Present Market Value | $ 17,208,677,440 |
| Monthly Investment Earnings | $ 57,061,065 |
| 7-Day Net Yield** | 3.782% |
| 7-Day Gross Yield | 3.846% |
| One Month Net Yield** | 3.767% |
| One Month Gross Yield | 3.831% |
| Net Asset Value (per share) | $ 1.00 |
| Weighted Average Maturity | 54.39 days |
| Weighted Average Life | 104.65 days |
*This total includes a State Investment of $6,474,852,489
**Yield, Net of Fees
Illinois Funds Performance Update
2026 2nd Quarter
Portfolio Manager Commentary
Our yield in Q2 2026 continues to track what has happened with the FOMC rate cuts. Our annualized yield at the end of the quarter was 3.76%
and earnings the past 12 months have totaled $750 million. The overall asset allocation for 2026 will remain close to 2025 numbers. At this point
in time, it appears the FOMC may be looking at rate increases to slow inflation, as opposed to rate decreases. A possible scenario would have a
rate increase possibly coming in September or October, 2026.
Jack Weisenborn, Portfolio Manager
The Illinois Funds closed the quarter with $17.8 billion in net assets. The monthly net yield (less expenses) over the previous three months was
3.76%, bringing in $168 million in quarterly net income to Fund participants, and nearly $750 million in net income over the last twelve months--
nearly a fifth of the $3.8 billion in net income The Illinois Funds earned participants over the last 10 years.
Benchmarks
The Office of the Illinois State Treasurer uses industry benchmarks to ensure dollars are invested in safe yet lucrative investments. The Illinois Treasurer's goal is to consistently outperform the competition and exceed benchmarks.
These graphs compare the yield on the Illinois Funds' [Local Government Investment Pool (LGIP)] portfolio to a blended benchmark produced by the Treasurer’s Office. The blended benchmark reflects the actual asset mix of the Illinois Funds portfolio. For example, if the Illinois Funds invested half of its assets in Repurchase Agreements, 25% in US Government Agency debt, and the other 25% in Commercial Paper, this benchmark would combine standards from each of those asset classes to produce a new, blended standard. This is the most accurate indicator of the Illinois Funds' overall portfolio performance.
Inventory Reports
Below are links to inventory reports from the last three months, each listing individual security holding as of the reported date:
- Fiscal Year 2025 (1 JUL 2024 - 30 JUN 2025)
To see a report of all holdings since 2015, please see the Security Holdings page.