About

The Illinois School District Liquid Asset Fund Plus (ISDLAF+) referred to as “the Fund” is an investment opportunity for Illinois Township Treasurers or School Treasurers acting on behalf of School Districts, Community College Districts and Educational Service Regions.

The Multi-Class Series invests in money market instruments having a maximum remaining maturity of one year (except that U.S. government obligations may have remaining maturities of up to two years). It has earned an AAAm rating from Standard & Poor’s (“S&P”). The Multi-Class Series consists of two classes of shares: the Liquid Class and the MAX Class. The Liquid Class offers check writing privileges, while the MAX Class does not. Term Series Pools that are comprised of statute allowable investments having a designated maturity of between 30 days and 3 years may also be offered at certain times for Fund participants to pool their investments to maximize the rate of return for a defined time period.

The Fund also provides a Fixed Income Investment Program that allows investors to purchase investment instruments including certificates of deposit of banks and thrift institutions (“CDs”), commercial paper and bankers’ acceptances.

History

In 1983, the Executive Directors of the Illinois Association of School Boards, the Illinois Association of School Administrators and the Illinois Association of School Business Officials met to discuss the formation of the Illinois School District Liquid Asset Fund Plus.  After discussion and favorable responses from the Boards of the three associations, an organizational meeting took place in March of 1984 at the Hyatt Regency O’Hare in Rosemont, Illinois.

Nine appointed trustees attended the meeting and the fund was organized with four $100 checks being brought to the fund by the initial settlers.  The Declaration of Trust was adopted and it was set forth that the Funds’ purpose was “…to invest available funds so as to enhance their investment opportunities pursuant to an investment program conducted in accordance with the Laws of the State of Illinois, from time to time in effect, governing the investment of School District Funds.”

The number of districts and assets continue to grow and the Fund remains committed to providing complete financial management resources for Illinois School Districts and Community Colleges.  Since its inception, ISDLAF+ is the only investment program sponsored by three separate benchmark associations:  IASBO, IASA and IASB.  Each recognizes the fund as being powerfully and uniquely suited to the needs of Illinois school districts – providing the ideal mix of safety, liquidity, and yield.

 

Standard & Poor’s Reports

The Multi-Class Series (Liquid and
Max Class) has earned an AAAm
rating from Standard & Poor’s (“S&P”)

Profiles for the Illinois School District Liquid Asset Fund Plus – Liquid and Max Class pools:

Liquid Class
March 2017 | September 2017
March 2016 | September 2016

March 2015
| September 2015
March 2014
 | September 2014
March 2013 | September 2013
March 2012 | September 2012
March 2011 | September 2011
March 2010 September 2010
March 2009 September 2009

MAX Class
March 2017 | September 2017
March 2016 | September 2016

March 2015 | September 2015
March 2014
 | September 2014
March 2013 | September 2013
March 2012 September 2012
March 2011 | September 2011
March 2010 | September 2010
March 2009 September 2009


 
Annual Reports
Contact ISDLAF+ for more information.