About the Pool

TexasTERM was created in 2000 to allow Texas local governments and school districts to pool their funds for investment. By pooling the funds of many government entities, the Pool can help investors achieve the following investment objectives:

Safety TexasTERM invests only in those securities authorized by the statutes governing investment of funds by local governments in the state.
Liquidity The Pool offers TexasDAILY, a fully liquid money market portfolio that is rated AAAm by Standard & Poor’s. TexasTERM Standard & Poor's "AAAm" Rating.
Higher potential yield By pooling the funds of investors, TexasTERM can invest in money-market instruments of larger denominations than possible for a single local government entity, which may result in higher yields.
Accounting and safekeeping TexasTERM provides a system which accounts for each investor’s investments in a manner compatible with municipal accounting and auditing requirements.
Convenience TexasTERM offers the advantages of investment by same-day wire or next-day transfer through automated clearing house (“ACH”) funds.

TexasTERM is directed by an Advisory Board of experienced local government officials, finance directors and treasurers and is managed by a team of industry leaders that are focused on providing professional investment services to investors.
TexasTERM has been organized in conformity with the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code, and the Public Funds Investment Act, Chapter 2256 of the Texas Government Code (the “PFIA”).

Arbitrage Rebate Compliance Services

The Investment Manager of the Pool provides comprehensive Arbitrage Rebate Compliance services to Participants who invest their bond proceeds in TexasDAILY or TexasTERM. Participants receive the following correspondence/reports/services from the Investment Manager:

Spending exception compliance reports including notification of an upcoming benchmark;
Yield restriction compliance notification;
Annual estimates of accrued arbitrage rebate and yield restriction liabilities;
Notification of Installment Calculation Date sent 60 days in advance of the required calculation date; and
Retention of arbitrage related documents and investment records

Participants can check the arbitrage rebate and yield restriction compliance status of any of their bond issues invested with TexasTERM at any time by contacting one of our Program Representatives. For bond proceeds invested outside of TexasTERM, the Investment Manager can provide fee based Arbitrage Rebate Compliance services.

To find out more about how TexasTERM can meet your needs, please call one of our Program Representatives at 1-866-839-8376.

This information is for institutional investors, 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 Pool's investment objectives, risks, charges and expenses before investing. This and other information about the Pool is available in the Pool's Information Statement, which should be read carefully before investing. A copy of the Pool's Information Statement may be obtained by calling 1-866-839-8376 or are available on the Pool's website at www.texasterm.net. While TexasDAILY seeks to maintain a stable net asset value of $1.00 per share and TexasTERM seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Pool. An investment in the Pool is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Pool are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.