Non-endowment Funds

Composed of various trust monies invested on behalf of Arizona's state agencies, as well as local governments. Liquidity needs are greater, as these monies are used for agency operations. Therefore, securities purchased with these monies tend to have shorter maturities. Principal and interest are deemed expendable as directed by Arizona Revised Statutes.

Composed of various trust monies invested on behalf of Arizona’s state agencies, as well as local governments. Liquidity needs are greater, as these monies are used for agency operations. Therefore, securities purchased with these monies tend to have shorter maturities. Principal and interest are deemed expendable as directed by Arizona Revised Statutes.