Virginia Investment Pool

Virginia Investment Pool

The Virginia Investment Pool Trust Fund (VIP) was established to provide political subdivisions of the Commonwealth of Virginia an investment vehicle to pool their funds and to invest such funds into one or more investment portfolios under the direction and daily supervision of a professional fund manager.  VIP was developed in 2013 by local Treasurers and investment officers under the sponsorship of the Virginia Association of Counties and the Virginia Municipal League.

VIP operates as the “VACo/VML Virginia Investment Pool” and currently offers two portfolios:

  • The Stable NAV Liquidity Pool, rated AAAm by Standard & Poor’s (S&P), offers a stable net asset value, daily liquidity and a competitive yield. The Stable NAV Liquidity Pool is ideal for operating funds requiring immediate access.
  • The 1-3 Year High Quality Bond Fund, rated AAf/S1 by S&P, is designed for funds that can be invested generally for one year or longer. The 1-3 Year Fund’s returns are benchmarked against the Bank of America Merrill Lynch One-to-Three Year Corporate & Government Index.  The 1-3 Year Fund aims to preserve capital while exceeding the return of the benchmark over three-year periods.

VIP-Reflex-BlueBoth portfolios are governed by investment policies adopted by VIP’s Board of Trustees and that incorporate the allowable investments identified in the Code of Virginia.

VML/VACo Finance is the administrator of VIP.  Public Trust Advisors, LLC (PTA) serves as Investment Manager.  PTA is a Securities and Exchange Commission registered, independent investment advisor with significant local government investment pool experience.  PTA manages more than $19 billion in public funds nationwide. Wells Fargo Bank is VIP’s custodian bank.

Primary benefits of participation in the VACo/VML Virginia Investment Pool include professional investment management, diversification, shared costs, and competitive rates of return.

For more information, or to join the Virginia Investment Pool, select the following links: