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Welcome to Texas Range

Current Rates

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The Texas Range Investment Program ("Texas Range" or the "Program") was created by and for Texas local governments. The Program provides investment options tailored to the needs of Texas cities, counties, school districts and other public investors. The Texas Range portfolios seek to provide these investors with safety, flexibility and competitive yields.

 

Investments Designed for Texas Public Fund Investors 

Texas Range provides a series of professionally managed investment options to public fund investors in the State of Texas.

The Program offers four distinct investment options:

TexasDAILY

  • Daily liquidity with $1.00 NAV
  • Invests in government securities
  • AAAmmf1 rated by Fitch Ratings

TexasDAILY Fact Sheet

TexasDAILY Select

  • Daily liquidity with $1.00 NAV
  • Invests in the full range of Public Funds Investment Act (PFIA) permitted investments
  • AAAmmf1 rated by Fitch Ratings

TexasDAILY Select Fact Sheet

TexasTERM

  • Fixed-rate, fixed-term investment options
  • Maturities from 60 days to one year
  • AAAf2 rated by Fitch Ratings

TexasTERM Certificates of Deposit Purchase Program

  • FDIC-insured Certificates of Deposit ("CDs")
  • Maturities available from 90 days to five years
  • CDs held in name of investors

 

Committed to meeting the needs of Texas public investors, the Program has:

  • Investments that are designed to comply with applicable Texas statutes and meets the high standards imposed by Texas Range
  • Been established as a public funds investment pool under the Public Funds Investment Act
  • An Advisory Board selected by its investors to oversee management of the Program

 

For More Information

To learn more about how Texas Range can meet your needs, please email or call 866.839.8376 to speak to a Texas Range Representative.

 

1  Fitch AAAf Rating: portfolios with this rating indicate having the highest underlying credit quality. Please visit fitchratings.com for more information and ratings methodology.

2  Fitch AAAmmf Rating: portfolios with this rating denote the strongest capacity to achieve the investment objective of preserving principal and providing liquidity through limiting credit, market, and liquidity risk.  Please visit fitchratings.com for more information and ratings methodology.

 



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 Texas Range Investment Program's (the "Program’s") investment objectives, risks, charges and expenses before investing. This and other information about the Program is available in the Program's Information Statement, which should be read carefully before investing. A copy of the Program's Information Statement may be obtained by calling 1-866-839-8376 or is available on the Program's website at www.texas-range.com. While TexasDAILY and TexasDAILY Select seek 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 Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Program’s portfolio are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Program. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

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