Short Term Investment Fund
The Short Term Investment Fund (STIF) is a diversified fixed income investment option designed to provide returns in excess of those available in money market funds. The 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, the 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 providing a good return with low volatility (e.g. reserves or funds needed for capital projects).
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, including US Treasuries, 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.
The minimum initial investment is $25,000 (less than $25,000 will be considered on a case-by-case basis) and the minimum withdrawal is $5,000. For more information or to invest in the Short Term Investment Fund, contact Friends Fiduciary at 215-241-7272 or email@example.com.