About The Program

NCIP is a comingled local government investment pool established to invest idle funds in various short-term investments in accordance with North Carolina General Statute §159-30. NCIP is duly authorized under North Carolina General Statute § 159-30(c)(10), was created by an interlocal agreement established under North Carolina General Statute § 160A-461 through 464 and is administered by a statutorily compliant trust for the benefit of the local governments and governed by a board of trustees comprised of representatives of those Units of Local Government. NCIP was created under the trust to pool and invest funds of the participating units of government to take advantage of economies of scale to increase investment options for idle funds.

Investment Option and Services

NCIP’s Indenture of Trust provides for the creation of specialized investment options. At present, NCIP offers the Liquid Portfolio.

Investment Option
	NCIP Liquid Portfolio ((NCIP Fact Sheet)
Investment Period	One day minimum
Initial Deposit	No minimum
Balance Requirements	No minimum
Additional Deposits	No minimum
Statements	Daily confirmation Monthly statement
Purchases	Executed online or over the phone at 1-833-736-NCIP (6247)
Withdrawals	Unlimited
Transaction Charges & Fees	None
Accounts	Unlimited
Rate	Variable rate / Calculated daily
Interest Earnings	Calculated daily Paid monthly

Arbitrage Rebate Compliance Services

For bond proceeds invested with NCIP, PFM Asset Management LLC, NCIP's Investment Advisor, tracks the proceeds for arbitrage rebate compliance purposes.

Participants can receive the following correspondence/reports:

Spending exception compliance report; including notification of an upcoming expenditure benchmark date
Yield restriction compliance notification
Annual estimates of accrued arbitrage rebate and yield restriction liabilities
Notification of Installment Calculation Date sent 60 days in advance of the required calculation date
Retention of arbitrage related documents and investment records
Rebate calculation reports at a nominal charge

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For More Information

To learn more about how NCIP can meet your needs, please email or call 1-833-736-NCIP (6247) to speak to an NCIP Representative.

This information is for institutional investor use only, 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. Participants should consider the North Carolina Investment Pool’s (“NCIP” or the “Pool”) investment objectives, risks, charges, and expenses before investing in the Pool. This and other information about the Pool is available in the Pool's current Information Statement, which should be read carefully before investing. A copy of the Pool's Information Statement may be available by calling 1-833-736-NCIP (6247) or is available on the Pool's website at www.investncip.com. While the Pool seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Pool. An investment in the Pool is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Pool are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.