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Who is eligible to use TrustINdiana?
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Any local unit of government (e.g. counties, municipalities, school corporations, townships, and other units of local government) as well as the State of Indiana are eligible to use TrustINdiana for their cash investment needs. To establish an account, the finance officer, as defined in IC 5-13-9-11 (c), needs to complete a registration form and deliver it to TrustINdiana Client Services. Client Services will then work with the finance officer to establish the account particulars.
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Who oversees TrustINdiana?
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The Office of the Indiana Treasurer of State (TOS) oversees the management of TrustINdiana. The TOS is responsible for selecting the Administrator and Investment Advisor. Currently, the TOS retains the services of Public Trust Advisors, LLC located in Denver, CO.
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How can I submit an audit confirmation to TrustINdiana?
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Please email your audit confirmation to [email protected] and provide either a fax number or email for receipt. TrustINdiana is also accessible on www.confirmation.com and will receive notification of your audit confirmation on the platform.
Due to the ongoing COVID-19 pandemic, audit confirmations sent via USPS will have a significant delay, so we strongly encourage email confirmations.
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How is TrustINdiana different from other cash investment options?
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While no investment option is devoid of risk, local government investment pools like TrustINdiana offer one of the safest investment options for local governments. The funds invested in TrustINdiana are converted into a common pool of high-grade, fixed income investment assets (e.g. securities backed by the full faith and credit of the U.S. Treasury or full guaranteed by the U.S. Government, commercial paper rated in the highest category by one rating agency, bank deposits with Indiana designated depositories) that preserve the principal of the public’s funds, remain highly-liquid, and maximize the return on the investment. The common investment assets must be permitted by the TrustINdiana investment policy and state statute. These investment assets are held by the custodian (The Bank of New York) in the name of the fund Participants. Safety is further enhanced by limiting the term of specific investments, asset class diversification, as well as the weighted average maturity of the entire portfolio to correspond conservatively with cash flow expectations and to mitigate any market timing risk.
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What is the minimum requirement for investing in TrustINdiana?
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There is no minimum investment amount for TrustINdiana.
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What are the business hours at TrustINdiana?
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The TrustINdiana offices are open Monday through Friday from 8:00 a.m. until 5:00 p.m. ET.
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What transaction fees does TrustINdiana charge?
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TrustINdiana does not charge any transaction fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we recommend checking with a representative at your bank to discuss the potential costs.