Texas Term
 
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About The Pool > Investment Options

TexasTERM provides three (3) investment options that offer investors the flexibility to manage cash flow and optimize earnings.

 Investment Options 
  TexasTERM   TexasDAILY  TexasTERM CD
Purchase Program
 
Investment Period
 

Minimum 60 days

Maximum 1 year
 
One day minimum
Minimum 90 days

Maximum 1 year
 
Rating
 
 
AAAf - Fitch**
AAAkf - Kroll**
 
 *AAAm   FDIC-Insured
Balance Requirements  $100,000 Minimum   No minimum balance $97,000 Minimum  
Additional Deposits   $100,000 Minimum No minimum

Unlimited Number

Direct Deposit Available
$97,000 Minimum
Withdrawals   At maturity No minimum

Unlimited 
At maturity
Transactional Charges/Fees   None None 25 basis points deducted
upfront or prorated
monthly
Accounts   Unlimited Unlimited Unlimited

Interest Earnings  

Fixed rate of interest

Paid at redemption
Calculated daily  

Paid monthly
Fixed rate of interest

Paid at redemption
Statements  Each transaction

Monthly  




Each transaction

Monthly

Fiscal year-end upon
request
 
Each transaction

Monthly




*The liquid portfolio has received a AAAm rating from Standard & Poor’s ("S&P"). S&P fund ratings are based on analysis of credit quality, market price exposure, and management. According to S&P's rating criteria, the AAAm rating signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share net asset value. However, it should be understood that these ratings are not "market" ratings nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Standard & Poor's website (http://wwwstandardandpoors.com/en_US/web/guest/home). 

 **The Term portfolio has received a AAAf from Fitch Ratings ("Fitch") and a AAAkf rating from Kroll Bond Rating Agency ("Kroll"). The ratings reflect Fitch's and Kroll's review of the Term program's investment and credit guidelines, the portfolio's credit quality and diversification, as well as the capabilities of PFM Asset Managment LLC as investment adviser. The Fitch AAAf rating indicates the highest underlying credit quality (or lowest vulnerability to default). The Kroll AAAkf rating is based on the credit quality of the underlying instruments that comprise the portfolio and is influenced by the results of a qualitative assessment of the investment adviser. However, it should be understood that these ratings are not "market" ratings nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology visit www.fitchratings.com and www.krollbondratings.com/ratings/methodologies/rating-scales.  

 

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.




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