Florida School Business - Fall/Winter 2016 - outsert3


Q&A WITH PAIGE WILHELM
PORTFOLIO MANAGER, FLORIDA PRIMETM

Taking Advantage of Money Market Reform
NOW is the time to consider Florida PRIMETM for your
money management needs. We think Florida PRIMETM is the
Right Place at the Right Time. Moving reserve funds to, or
increasing balances in, Florida PRIMETM may be in your best
interest Right Now!

Right Place
Florida PRIMETM could be the Right Place for its participants
today and is positioned to stay that way as new regulations
were imposed on money market funds. The Florida PRIMETM
portfolio manager, Paige Wilhelm of Federated Investors, pays
close attention to participants' cash flow needs. Open lines of
communication between Pool participants and the investment
manager help the Pool to stay invested appropriately and keep
securities with the highest yield potential working for the
best outcome. The Pool continues to maintain safe investment
strategies to manage overall risk.

Right Time
With regulatory reforms, now is the Right Time to consider
Florida PRIMETM!

Right Now
New money fund regulations may positively impact pools
like Florida PRIMETM. The regulation has lowered demand
for short-term instruments...potentially driving yields higher.
For a quick Q&A with Paige Wilhelm on how the new regulation
will benefit you by investing in Florida PRIME,TM see the call out
to the right.
Florida PRIMETM Net Yields vs. iMoneyNet First Tier
Institutional Average Monthly Net Yields

to know regarding money market reform?
Cash managers should recognize that
Florida PRIMETM or any Local Government
Investment Pool (LGIP) is not subject to the
regulatory reforms implemented by the SEC on
Oct. 14, 2016, affecting registered money market
funds. This distinction will potentially increase
yield in the coming months, as money market
funds have adjusted their portfolio construction
approach in anticipation of the required changes.

Q: What additional yield potential can be
gained by investing in Florida PRIMETM?
Prime funds subject to the reform were managed
conservatively by reducing portfolio average
maturities and building overnight liquidity to
meet shareholder outflows. A pool that has a
steady asset base, such as Florida PRIME,TM can
invest in short-term securities for potentially
higher yields. For example, Florida PRIMETM
may pick up additional yield by purchasing both
bank instruments and commercial paper and
maintaining longer weighted average maturity than
a comparable prime money market fund. These
advantages as well as the expectation for rising rates
from the Federal Reserve, may offer incremental
yield pickup in a market which welcomes them
with open arms.

Q: What is the interest-rate outlook for the
remainder of 2016?

0.8%
0.7%
0.6%
0.5%
0.4%
0.3%
0.2%
0.1%
0.0%

Q: What do managers of public money need

9/15

Florida

12/15

PRIME TM1

3/16

6/16

9/16

iMoneyNet First Tier Institutional Average

The 7-day net yield as of 10/7/16 for Florida PRIMETM was 0.85%.
Past performance is no guarantee of future results.
1
Participant yield.The participant yield reflects a 365-day basis and adjustments for realized
earnings by participants, SBA fees, expenses and other accounting items.
Sources: State Board of Administration of Florida, iMoneyNet (Money Fund Analyzer).

Immediately following the volatility in global
markets caused by the U.K.'s vote in June to leave
the European Union (Brexit), many thought the
Federal Reserve would not raise rates in 2016.
However, policymakers have since stated that U.S.
economic indicators are improving. We still believe
a rate hike is possible by year-end. That said, Fed
policy is only one element affecting short-term
interest rates, particularly in the case of LGIPs.


http://www.federatedinvestors.com

Table of Contents for the Digital Edition of Florida School Business - Fall/Winter 2016

MESSAGE FROM THE PRESIDENT
SUSTAINABILITY IN K-12 SCHOOL DISTRICTS
A Q & A WITH ANDREA MESSINA
2016 FASBO ANNUAL CONFERENCE RECAP
MODERN FACILITY AUTOMATION
LEGISLATIVE REPORT
2016 CONFERENCE VENDOR SHOWCASE
INDEX OF ADVERTISERS/ADVERTISER.COM
Florida School Business - Fall/Winter 2016 - cover1
Florida School Business - Fall/Winter 2016 - cover2
Florida School Business - Fall/Winter 2016 - 3
Florida School Business - Fall/Winter 2016 - 4
Florida School Business - Fall/Winter 2016 - 5
Florida School Business - Fall/Winter 2016 - 6
Florida School Business - Fall/Winter 2016 - MESSAGE FROM THE PRESIDENT
Florida School Business - Fall/Winter 2016 - SUSTAINABILITY IN K-12 SCHOOL DISTRICTS
Florida School Business - Fall/Winter 2016 - 9
Florida School Business - Fall/Winter 2016 - A Q & A WITH ANDREA MESSINA
Florida School Business - Fall/Winter 2016 - 11
Florida School Business - Fall/Winter 2016 - 2016 FASBO ANNUAL CONFERENCE RECAP
Florida School Business - Fall/Winter 2016 - 13
Florida School Business - Fall/Winter 2016 - 14
Florida School Business - Fall/Winter 2016 - MODERN FACILITY AUTOMATION
Florida School Business - Fall/Winter 2016 - 16
Florida School Business - Fall/Winter 2016 - 17
Florida School Business - Fall/Winter 2016 - 18
Florida School Business - Fall/Winter 2016 - LEGISLATIVE REPORT
Florida School Business - Fall/Winter 2016 - 20
Florida School Business - Fall/Winter 2016 - 2016 CONFERENCE VENDOR SHOWCASE
Florida School Business - Fall/Winter 2016 - INDEX OF ADVERTISERS/ADVERTISER.COM
Florida School Business - Fall/Winter 2016 - cover3
Florida School Business - Fall/Winter 2016 - cover4
Florida School Business - Fall/Winter 2016 - outsert1
Florida School Business - Fall/Winter 2016 - outsert2
Florida School Business - Fall/Winter 2016 - outsert3
Florida School Business - Fall/Winter 2016 - outsert4
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