Texas Range Team

Upcoming Educational Webinar

Join us on March 18, 2026 for our complimentary educational webinar, Confident Compliance: Arbitrage Rebate Insights for LGIP Investors. This one-hour session will cover the basics of arbitrage rebate and yield restriction compliance concepts.

Click here to register.

Nathan Smith, Director

Nathan Smith joined PFM Asset Management (PFMAM) in 2019 and is a Director based in Austin, TX. Nathan has more than 15 years of experience in the public sector, providing investment advisory services to school districts, cities, counties, and many other municipal clients in Texas.

Before joining PFMAM, Nathan worked for a registered broker-dealer, providing sales and advisory services to Texas local government investors. Prior to that, Nathan worked for a Texas based investment advisory firm as a portfolio/relationship manager to local Texas governments, and began his public investment career as a financial analyst at the Lower Colorado River Authority (LCRA). He is a member of the Government Finance Officers Association of Texas (GFOAT), the Texas Association of School Business Officials (TASBO), and the Government Treasurers' Organization of Texas (GTOT).

After serving in the U.S. Marine Corps, Nathan earned his Bachelor of Business Administration from LeTourneau University and Master of Industrial Distribution from Texas A&M University. He holds FINRA Series 7 and 63 licenses.

Eddie Contreras, Director

Edward Contreras is a Director based in Southlake, Texas. He partners with school districts, cities, counties, and other public entities across Texas to deliver tailored investment strategies focused on safety, liquidity, and competitive returns. Edward started his career in financial services in 2016 and is a U.S. Marine Corps veteran.

Shelly Ilgenfritz, Specialist, Fixed Investment Solutions

Shelly Ilgenfritz is a Specialist, Fixed Investment Solutions located in Harrisburg, Pennsylvania. She works with school districts, cities, counties, and other municipal clients, with a primary focus on supporting those utilizing Local Government Investment Pools (LGIPs). Her role includes developing new relationships with public entities, strengthening existing client partnerships, and serving as a central point of contact for service coordination.

Walker Maschke, Client Relations Team Lead

Walker Maschke joined PFMAM in 2017 and is a client consultant for the Client Services Group. His responsibilities include addressing client needs by onboarding new clients, assisting with transactions/account changes, providing requested reports, researching & answering client questions regarding the markets, their accounts and investments and working with all internal groups to ensure that client needs are being met.

Walker graduated magna cum laude with a degree in Economics from York College of Pennsylvania in May 2017. He holds FINRA Series 6 and 63 licenses.

Nelson L. Bush, Managing Director

Nelson Bush is a Managing Director at PFMAM. Mr. Bush has overall responsibility for managing Texas Range, ensuring that investors receive the highest level of service, and reports to the Texas Range Advisory Board.

Nelson holds a BS with a focus in Accounting from York College of Pennsylvania. He also holds FINRA Series 6, Series 63 and Series 52 licenses.

Kerri Muskin, Director

Kerri Muskin joined PFMAM in 2007 and is a senior portfolio manager. She is a member of the portfolio management team that oversees short duration fixed income assets for public entities throughout the country. Her team is responsible for the firm’s SEC-registered 2a-7 money market mutual fund, local government investment pool (LGIP) portfolios and short duration separately managed accounts. Kerri is also the primary portfolio manager of the LGIP’s TERM programs and bond proceeds accounts.

Kerri holds a Bachelor of Science in Business Administration degree from Pennsylvania State University.

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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.

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.