PLGIT was created in 1981 to meet the investment needs of local governments, school districts, municipal authorities, and other types of governments in the Commonwealth of Pennsylvania.
Unlike other Pennsylvania institutions where you can invest your money, PLGIT is owned and operated by its members. The Trust’s members sit on our board, set its investment goals and spur the development of new services. PLGIT also maintains a seasoned investment and service staff that works only for local governments and schools, so they have a keen understanding of your investment goals.
PLGIT’s investment objective is to seek high current income, consistent with preservation of capital and maintenance of liquidity. The Trust seeks to maintain a constant net asset value (“NAV”) per share of $1.00.
The Trust invests in high-quality, short-term U.S. debt securities including obligations of the United
States and its Federal Agencies, bank deposits, either insured or appropriately
collateralized, obligations of the Commonwealth of Pennsylvania, state-level
agencies, or political subdivisions, and repurchase agreements. The portfolio maintains a dollar weighted average maturity of 60 days or less.
PLGIT Investors also have access to a range of additional fixed income investment products authorized by the Board of Trustees and administered by PFMAM.
For More Information
To find out more about how PLGIT can meet your needs, please call 1-800-572-1472 to speak to a PLGIT marketing representative.