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ISJIT at a Glance

Since 1986, the Iowa Schools Joint Investment Trust (ISJIT) assists more than 325 school corporations in safely increasing their investment income. ISJIT strives to meet the multiple financial needs of Iowa school districts, area education agencies, community colleges and other related organizations. ISJIT offers several programs for maximizing your districts funds as well as future financial management planning.

Rates and Performance

Rates and Performance as of 02/12/2025

CLASS/SERIES DVF %
Daily Rate 4.090
7-Day Average Rate 4.100


*Daily Rate: Refers to income generated over the previous one day period; the income is then annualized.
*7-Day Average Rate: Refers to income generated over the previous seven day period; the income is then annualized.
*7-Day Effective Rate: Calculated in the same manner but assumes reinvestment of income over the seven day period. Due to compounding, the 7-Day Effective Rate will be slightly higher than the 7-Day Average Rate.

Products & Services

Cash Flow Management

ISJIT’s Cash Flow Management Program gives public entities a complete and accurate picture of their cash flow so they can put their money to work sooner and longer.

Special Cash Management

ISJIT offers a variety of investment services that Participants find beneficial. This includes ISJIT’s Diversified Fund, Electronic Funds Transfer and the Fixed Term Automated (FTA) Program.

Current Information

Board Meeting Schedule

The next ISJIT board meeting will be held on Wednesday, January 29, 2025 at the Iowa Events Center.

pma-articles

Press Release

PMA/ISJIT Achieves Significant Milestone – Reaching $2B in Fund Assets

PMA, a premier full-service provider of financial and advisory services to local governments, along with the Iowa Schools Joint Investment Trust (ISJIT), achieved a significant milestone by reaching an all-time high of $2B in assets in ISJIT and its Fixed Term Automated (FTA) Program as of May 23, 2023.

READ MORE

Resource Center

Click the button below to view all the latest news and resources in the ISJIT Resource Center.

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How To Join

Learn more about how to become an ISJIT Participant.

Resource Center

Browse the library of ISJIT documents, articles and more.