About the Fund
The Florida Education Investment Trust Fund ("the Fund") or ("FEITF") is a common law trust organized under the laws of The State of Florida and is designed to meet the cash management and short- term investment needs of school districts, political subdivisions of the State or instrumentalities of political subdivisions of the State. The Florida School Boards Association and The Florida Association of District School Superintendents sponsor the Fund. The Fund's investment objective is to provide Participants with the highest possible investment yield, while maintaining liquidity and preserving capital.
Preservation of Principal
Participants in the Fund have one investment option, intended to assist Participants in preserving the principal value of their investments. The Fund seeks to maintain a stable net asset value of $1.00 per share. (Please see the Fund Information Statement for a more complete description of the Fund's investment objectives and policies.)
The FEITF provides daily liquidity to Participants on any business day. Investments in the Fund may be made on any business day until 2 p.m. Eastern Time and all or any portion of such investments may be withdrawn on any business day until 2 p.m. Eastern Time.
The Fund seeks to provide Participants with as high a rate of current income as the Fund Investment Adviser believes is consistent with preserving principal and maintaining liquidity.
The Fund offers the advantages of investment by same day wire or next day transfer. Participants can use the Internet to check account balances and activity and initiate transactions.
While FEITF seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Investors should consider the Fund's investment objectives, risks, charges and expenses before investing.
Fund investments are managed by an investment adviser with over 25 years of experience managing short-term funds for public and not-for-profit entities. The Investment Adviser has a strong record of protecting client assets.
Accounting, Safekeeping and Separate Accounts
The Fund provides a comprehensive package of reports to assist Participants in meeting accounting and auditing requirements. The Fund Administrator is responsible for all of the bookkeeping associated with the ownership of securities. Participants may establish multiple accounts at no additional charge.