Short Term Investment Fund
Overview
The Short Term Investment Fund (STIF) is a diversified fixed income fund designed to provide returns in excess of those available in money market funds. STIF is constructed for consistent, low volatility performance with an emphasis on high credit quality, low risk and liquidity. Following Friends Fiduciary’s socially responsible investment guidelines, STIF is invested in a manner consistent with Quaker values and testimonies.
This fund is particularly well suited for a one to five year investment horizon (e.g. reserves or funds needed for capital projects) providing a good return with low volatility.
The fund has a target allocation of 80% short term bonds and 20% money market for liquidity. The bond component is diversified across the principal sectors of the domestic fixed income market, primarily US Agencies, Corporates (A rated or better) and Mortgages. There is an emphasis on high credit quality, low risk and liquidity; however, as with any fixed income investment, fluctuations in interest rates can cause the value of the fund to decline in the short term.
For more information or to invest in the Short Term Investment Fund, contact Friends Fiduciary at 215-241-7272 or info@friendsfiduciary.org.
Performance
Unit Value
Unit Values as of: 9/12/2024
| Fund Name | wdt_ID | Fund Type | Fund Value |
|---|---|---|---|
| Short Term Investment Fund | 3 | Enhanced Cash | $11.47 |
Short Term Investment Fund unit value is net of operating expenses; the Fund does not have scheduled distributions.
Investment Returns
Performance as of: 8/31/2024
| wdt_ID | Fund Name | Fund Type | Current Month | Year to Date | Last 12 Months | 3 Yrs. | 5 Yrs. | 10 Yrs. | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Short Term Investment Fund | Enhanced Cash | 0.78% | 3.36% | 5.88% | 1.46% | 1.56% | 1.63% | 1.50% | 4/30/2012 |
| 2 | Short Term Investment Fund (net) | 0.75% | 3.12% | 5.52% | 1.12% | 1.21% | 1.24% | 1.09% | ||
| 6 | Benchmark | 0.87% | 3.33% | 5.85% | 1.52% | 1.52% | 1.37% | 1.19% |
Investment returns for periods exceeding 1 year are annualized.
Click here for Quarter-End Performance
Footnotes
- Investment performance is presented gross of fees and is inclusive of dividends and interest. Investment returns represent past performance and do not guarantee future results. Returns and principal values will fluctuate such that, upon redemption, units may be worth more or less than their original cost. Indices that comprise benchmarks are unmanaged and are inclusive of dividends and interest. Investors cannot invest directly in the indices.
- Short Term Investment Fund Benchmark: 95% ICE Treasury & Agency 1-3 Year, 5% Lipper Money Market Fund.
- Lipper Money Market Fund is an index of the 30 largest funds that invest in high-quality financial instruments with dollar-weighted average maturities of less than 90 days.
- Fees: The Short Term Investment Fund operates with an annualized fee of 0.34% (34 basis points).
Characteristics
Chart data as of: 7/31/24
