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Welcome to the Illinois Trust

The Illinois Trust (the Trust) is a diversified, open-end, actively managed investment trust designed to address the short-term cash investment needs of Illinois public Investors, including school districts, municipalities and their political subdivisions and agencies.

Investments designed for Illinois’ local governments (municipalities, counties, school districts and other public agencies)

The Trust, through its various services, provides Investors an opportunity to maximize their income potential while maintaining safety of principal and liquidity as their primary investment objectives. Currently, the Trust offers Investors the following investment options:

Illinois Portfolio¹: This investment stresses safety of principal and liquidity as its objectives, which is underscored by its AAAm rating from S&P Global². For more information, see the IIIT Class Fact Sheet.
Illinois TERM: This fixed rate investment portfolio offers maturities from 60 days to one year. It is designed to match the cash flow requirements of investors with the cash flows from the portfolio, and has a AAAf rating from Fitch Ratings³.

Investors also have access to a range of additional products authorized by the Board of Trustees and administered by PFM Asset Management⁴ (PFMAM), the Administrator to the Trust.

Owned and operated by Illinois public agencies

The Trust’s structure enables it to offer services exclusively to Illinois public agencies. These attributes set the Trust apart:

The Trust is owned and operated by its investors, helping the Trust remain focused on the particular needs of Illinois municipal investors.
Investors elect members of the Board of Trustees. They are responsible for the overall management of the Trust, including formulation and implementation of investment and operating policies and selection of various professional organizations to provide services to the Trust.

For More Information

To find out more about how the Trust can help meet your needs, please call a Trust Representative at 800.731.6870.

1 The Illinois Portfolio offers two classes: The IIIT Class and the IPDLAF+ Class. The IPDLAF+ Class is offered only to park districts, forest preserve districts, conservation districts and joint recreational programs and shares of the IIIT Class are not available for purchase by these entities.

2 S&P Global AAAm Rating: S&P evaluates a number of factors, including credit quality, market price, exposure, and management. Please visit SPGlobal.com/Ratings for more information and ratings methodology.

3 Fitch AAAf Rating: portfolios with this rating indicate having the highest underlying credit quality. Please visit fitchratings.com for more information and ratings methodology.

4 PFM Asset Management is a division of U.S. Bancorp Asset Management Inc., the Illinois Trust’s investment adviser and administrator, that services public sector clients.

Updated Information Statement Available

An updated Information Statement, dated October 1, 2024, is now available for review. Please click here to access the document. If you have any questions, please email CSGMWW@pfmam.com.

Alert: Technical Issue

Due to a technical issue, the publication of monthly statements for fixed income separately managed accounts will be delayed. We are working to resolve this issue as soon as possible.

We apologize for any inconvenience. Should you have questions or require assistance, please contact your Relationship Manager or the Client Services Group.

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This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-731-6870 for the IIIT Class and 1-800-731-6830 for the IPDLAF+ Class and is also available on the Trust’s websites at www.iiit.us and www.ipdlaf.org. While both the IIIT and IPDLAF+ Classes of the Illinois Portfolio seek to maintain a stable net asset value of $1.00 per share and the Illinois TERM series seek to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.