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Term Series

Term Series

About the Term Series Product

The Board of Trustees of MNTrust has authorized the creation of an unlimited number of investment pools called Term Series. Each Term Series will be comprised of statute allowable investments and will have a designated maturity between 30 days and three years. Key features of an investment in a Term Series are a fixed rate of return and a fixed maturity date. These characteristics make Term Series investments different from the MNTrust Investment Shares Class which has a fluctuating rate and no fixed maturity date. Participants may want to consider Term Series investments to meet a specific cash flow or investment need in their portfolio.

Portfolio Composition of a Term Series Pool

Investment shares in a Term Series represent a beneficial interest in the underlying instruments in the pool. The eligible investments in each pool may include bank deposit products, government securities and municipal securities. With respect to bank deposits that may be included in a Term Series pool, the deposit amounts will be collateralized or insured. Each Term Series is unique and independent of all other Term Series, thus Participants should make sure that the specific Term Series they are considering meets their individual investment criteria and objectives.

Making Investments in Term Series Pools

Participants can contact PTMA to obtain additional information about the availability of Term Series pools. It is anticipated that new pools will be created on a regular basis with varying maturity dates. Participants may purchase Term Series pool shares by redeeming shares in their MNTrust account or by depositing additional funds.

PTMA Financial Solutions serves as Investment Advisor to the Term Series.

Term Series II

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 MNTrust Board of Trustees.
Permitted investments include highly rated investment vehicles such as obligations of the U.S. government and its agencies and instrumentalities, commercial paper, bankers’ acceptance, negotiable certificates of deposits, insured or collateralized certificates of deposits, interest-bearing time deposits, and investments allowed by law and approved by the program’s board. Investments not authorized by Minnesota Law are prohibited in any TS II portfolio.
TS II allows Participants to invest in shares of TS II on certain 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 Minnesota Permitted Investments
  • Competitive Yields
  • Planned Redemption Date selected by Participant
  • For additional information on TS II, please click here.
Additional Resource:
Fitch Ratings has assigned a ‘AAAf’ International Fund Credit Quality Rating (FCQR) to the MNTrust Term Series II, managed by PMA Asset Management LLC (PTMA). Please click here for the full press release.

Limited Term Duration Series

Limited Term Duration Series (LTD)

The MNTrust Limited Term Duration (LTD) Series seeks to provide current income while maintaining limited price volatility. MNTrust LTD invests in high quality fixed income investments with short term maturities around one year that are compliant with Minnesota State Statutes.
For More Information
MNTrust Limited Term Duration Series
For complete information about risks, expenses and other important facts associated with investing in the MNTrust LTD Series, please contact your MNTrust representative at 763.497.1490 or see the MNTrust Information Statement available here

OPEB

Other Post-Employment Benefits (OPEB)

PTMA and MNTrust have teamed up to offer an all-inclusive OPEB Investment Program. By analyzing the actuarial study showing proposed outflows of funds, a total plan is put into place which provides a competitive yield, various investment options and ease of use. Associated Trust is the trustee for the revocable or irrevocable trust. Investment options are offered through PTMA Financial Solutions and can include those shown in the MN Statute 118A as well as MN Statute 356.