MOCAAT Liquid Series
The MOCAAT Liquid Series is comprised of money market instruments designed to meet daily liquidity needs. The primary objectives of the MOCAAT Liquid Series are to provide a competitive investment yield, preserve capital and maintain liquidity.
With the experience and expertise of PMA, MOCAAT offers our investors access to a powerful investment management team that functions with a high standard of vision, synergy, and quality.
Fixed Rate Investment Program
The Fixed Rate Program allows Participants to purchase investment instruments, including FDIC insured or collateralized certificates of deposit (“CDs”), government securities and municipal securities.
Institutional relationships with some of Wall Street’s most experienced professionals and an extensive local financial institution network enables MOCAAT to provide Participants with world-class fixed income opportunities, including multiple durations of:
• Statute Allowable Certificates of Deposit (CDs)
• Government Securities
• Municipal Securities
With a unique set of investment products and services developed by PMA, the MOCAAT team can maintain safety of principal, adequate liquidity and maximize interest earnings with a focus on short-term investment horizons. For Fixed Rate investments, our investment strategy focuses on matching clients’ self-directed investments with anticipated liabilities to maximize interest income. Products are offered after completing a competitive bid across our investment providers.
For more information, please contact our Missouri team here.
Term Series II
ABOUT TERM SERIES II
Term Series II (TS II) is a pooled investment portfolio that is designed to provide a fixed rate of return while prioritizing capital preservation, liquidity at Planned Redemption Date, and competitive yields through investments in Permitted Investments approved by the MOCAAT Board of Directors.
Permitted Investments include highly rated investment vehicles such as obligations of the U.S. government and its agencies and instrumentalities, repurchase agreements maturing within 90 days, certificates of deposit, interest-bearing time deposits, bankers’ acceptances, commercial paper maturing within 180 days and investments allowed by law and approved by the program’s board. Investments not authorized by Missouri law are prohibited in any TS II portfolio.
TS II allows participants to invest in shares of TS II on certain pre-determined dates and to select a Planned Redemption Date with a fixed rate of return specific to that investment.
KEY FEATURES:
- Rated AAAf by Fitch Ratings
- Comprised of Missouri Permitted Investments
- Competitive Yields
- Planned Redemption Date selected by Participant
For additional information on TS II, please click here or contact the MOCAAT team.
Limited Term Duration Fund
The MOCAAT Limited Term Duration (MOCAAT LTD) Fund seeks to provide excess income over money market and deposit products while maintaining limited price volatility.
Investment Approach and Features:
- Diversified, short-term, investment-grade fixed income securities
- Average maturity of 0-2 years, targeting one-year Fund duration
- Structured to protect capital and enhance income
- Minimum credit quality of portfolio holdings: A1/P1 or A, as applicable
- Fund investments compliant with Article VI, Section 16 of the Constitution of Missouri
- The portfolio is designed with limited duration to control price volatility
- Integrated Fund reporting
