Please enter your color in the box below for the top navigation bar and side navigation bar. Make sure there are no extra spaces in the box below:
Please enter your color in the box below for the login button and top left icon. Please make sure there are no extra spaces in the box:
Please enter your font style below in the box.
*Make sure there are no extra spaces in the box and do not delete the box:
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:
TexasTERM Certificates of Deposit Purchase Program
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
*AAAmmf Fitch Rating
The TexasDAILY and TexasDAILY Select portfolios have received a AAAmmf rating from Fitch Ratings ("Fitch"). The Fitch AAAmmf rating reflects Fitch's review of the portfolios' overall credit quality and diversification and low exposure to interest rate and spread risks as well as the capabilities and resources of PFM Asset Management LLC as investment adviser. According to Fitch's rating criteria, the AAAmmf rating signifies an extremely strong capacity to achieve the portfolios' investment objective of preserving principal and providing shareholder liquidity through limiting credit, market, and liquidity risk. However, it should be understood that this rating is not a "market" rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Fitch Ratings.
**AAAf Fitch Rating
The TexasTERM portfolio has received a AAAf rating from Fitch. The rating reflects Fitch's review of the TexasTERM portfolio’s investment and credit guidelines, the portfolio's credit quality and diversification, as well as the capabilities of PFM Asset Management LLC as investment adviser. The Fitch AAAf rating indicates the highest underlying credit quality (or lowest vulnerability to default). However, it should be understood that this rating is not a "market" rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology visit Fitch Ratings.