Oregon State Treasury offers intermediate-term investment options to Government entities, when they have funds that they do not need to use immediately, and depending on the type of entity.

Those include:

a. The Oregon Local Government Intermediate Fund (OLGIF) for local governments, and
b. The Oregon Intermediate Term Pool (OITP) for State of Oregon agencies.

The Oregon Local Government Intermediate Fund (“OLGIF” or “Fund”) provides qualified local government participants with a vehicle to invest assets over an intermediate time horizon (three to five years). OLGIF is not appropriate for assets needed to cover short-term needs (less than one year). OLIGF is not structured to provide 100% net asset value (“NAV”) at all times on participant investments. Participants may experience losses on OLGIF investments due to changes in market conditions. Assets invested in OLGIF should be able to withstand greater price volatility to achieve the level of returns typically associated with longer-term investments.

OLGIF is actively managed to maintain a diversified portfolio of investment grade bond investments. Based on historical market performance, it is anticipated that the returns generated over extended periods will be greater in OLGIF than in shorter maturity vehicles such as the Oregon Short Term Fund (“OSTF”). The investment objective of OLGIF is to achieve a total return (i.e., principal and income) greater than the Barclays 1-5 Year U.S. Government/Credit Index (“Benchmark”).

Inquiries regarding OLGIF may be sent to OLGIF@ost.state.or.us.

OLGIF Information

OLGIF Fund Facts

For State Agencies and Public Universities: Oregon Intermediate Term Pool (OITP)

The Oregon Intermediate Term Pool (OITP) for Oregon state agencies and public universities provides qualified participants with a vehicle to invest funds over a long-term investment horizon. The investment objective of OITP is to maximize total return (i.e., principal and income) within stipulated risk parameters. OITP is not appropriate for funds needed to cover short-term (Less than 1 year) needs. OITP is not structured to provide 100% net asset value (NAV) on each participant’s initial investment therein. Accordingly, OITP participants may experience gains or losses on their OITP investments due to changes in market conditions. Funds invested in OITP should able to withstand greater price volatility to achieve returns often associated with longer-term investments

The Oregon Intermediate Term Pool is actively managed to maintain a short duration through a diversified portfolio of investment grade quality fixed income investments as prescribed in the portfolio guidelines. Based upon historical market performance, it is anticipated that returns over extended periods will be greater in OITP than in shorter maturity alternatives such as the Oregon Short Term Fund (OSTF).

Qualification Process

A state agency or public university* may qualify to invest in OITP if it meets the requirements listed below. Confirmation of completion of each requirement should be provided to Treasury investment staff at OITP-info@ost.state.or.us.

a. The investor must be a "State Agency" or "Public University" as defined in Oregon law, OITP is an eligible investment for the agency’s surplus funds per ORS 293.861 and ORS 293.863.
b. The investor must have an existing account with the Oregon Short Term Fund, and
c. The investor must complete the following documents:
*Public Universities who invest in OITP are also subject to compliance with INV 407: Public Universities Common Policy

OITP Information

• OITP Information Pamphlet
  
• OITP Deposit/Withdrawal Form

OITP Application Forms

• OITP Application
• OITP Roster of Approved Employees  

Disclosures

• INV-404 Intermediate Term Pool Investments
• INV-404A Portfolio Guidelines for Oregon Intermediate Term Pool

Annual Audit Statements

• OITP Annual Audit Statement - June 30, 2023
  
• OITP Annual Audit Statement - June 30, 2022
  
• OITP Annual Audit Statement - June 30, 2021
  
• OITP Annual Audit Statement - June 30, 2020
  
• OITP Annual Audit Statement - June 30, 2019
  
• OITP Annual Audit Statement - June 30, 2018
• OITP Annual Audit Statement - June 30, 2017

OITP Fund Facts

• 2024 Q1 OITP Fund Fact Page
  
• 2023 Q4 OITP Fund Fact Page
  
• 2023 Q3 OITP Fund Fact Page
• 2023 Q2 OITP Fund Fact Page
  
• 2023 Q1 OITP Fund Fact Page
  
• 2022 Q4 OITP Fund Fact Page
  
• 2022 Q3 OITP Fund Fact Page
  
• 2022 Q2 OITP Fund Fact Page
  
• 2022 Q1 OITP Fund Fact Page
  
• 2021 Q4 OITP Fund Fact Page
  
• 2021 Q3 OITP Fund Fact Page
  
• 2021 Q2 OITP Fund Fact Page
  
• 2021 Q1 OITP Fund Fact Page
  
• 2020 Q4 OITP Fund Fact Page
  
• 2020 Q3 OITP Fund Fact Page
  
• 2020 Q2 OITP Fund Fact Page
  
• 2020 Q1 OITP Fund Fact Page
  
• 2019 Q4 OITP Fund Fact Page
  
• 2019 Q3 OITP Fund Fact Page
• 2019 Q2 OITP Fund Fact Page
• 2019 Q1 OITP Fund Fact Page
• 2018 Q4 OITP Fund Fact Page
• 2018 Q3 OITP Fund Fact Page
• 2018 Q2 OITP Fund Fact Page
• 2018 Q1 OITP Fund Fact Page
• 2017 Q4 OITP Fund Fact Page 
• 2017 Q3 OITP Fund Fact Page
• 2017 Q2 OITP Fund Fact Page
• 2017 Q1 OITP Fund Fact Page 

Disclaimer

Any information provided herein has been prepared from sources believed to be reliable but is not guaranteed, and is for informational purposes only. The information provided herein should not be regarded as an offer to sell or as a solicitation of an offer to buy the products mentioned. No representation is made that any returns will be achieved. Past performance is not indicative of future results. Opinions expressed herein are subject to change without notice. The securities and funds mentioned in this document may not be eligible or suitable for all types of investors.