About TELF

• competitive investment alternatives;
• convenient, online technology;
• experienced administrative support; and
• ongoing investment education for participants.

TELF delivers both daily and longer-term investment alternatives while maintaining safety of principal, liquidity and competitive yields in accordance with Iowa Code Section 12B.10.

Liquid investments are placed in an SEC-registered money market fund in accordance with 17 C.F.R Section 270. 2a-7. For longer-term investments, TELF administers the Fixed Term Automated (FTA) Program to allow for state-wide competitive bids.

You can access to your accounts 24/7 – and enjoy same day access to daily confirmations and monthly statements. Everything you need to reconcile your accounts is available in a timely manner.

The Education Liquidity Fund provides ongoing investment education through our monthly newsletter and webcasts. The newsletter includes our review of the economic markets, marketing updates and current articles of interest. Each webcast delivers an interactive internet-based outlook of issues impacting the economy and short-term rates. These are excellent tools designed to help you and other school officials handle your cash needs.

IPASonline(TM), an internet-based accounting system, was established in 2000. This system provides for secure money movement between your pre-established local financial institution and your TELF account(s). Vendor Pay was developed in 2004 to allow for easy, efficient direct payment, via ACH, to your vendors.

Miles Capital is an Iowa-based independent institutional asset manager. Founded in 1982, we have a long history of providing disciplined investment solutions within a comprehensive service framework to support our clients’ broader goals and objectives. Our clients include schools, local governments and public agencies, insurance companies, corporations, endowments, foundations, financial institutions, and individuals and families. We are the largest independent asset manager in Iowa, and since 1986 we have managed assets for pooled public funds in accordance with Iowa Statutes.

Miles Capital has nearly $4 billion in assets under management. We offer investment strategies across all styles including short duration, limited term and intermediate fixed income asset classes. Our internal investment teams manage eight fixed income and four equity strategies. We believe that strong relative investment performance can be achieved through a disciplined risk-managed investment process that focuses on long-term performance to filter out short-term distractions. Miles Capital has applied its core investment philosophy since our founding in 1982. However, we continue to enhance our processes to include appropriate constraints around risk management strategies as research and the market environment warrant. Miles Capital’s performance is prepared and presented in compliance with the Performance Reporting Standards of the Association of Investment Management and Research (AIMR-PPS).

Miles Capital is located in West Des Moines, Iowa. All corporate functions are located exclusively in West Des Moines including executive management, public funds management, separate account portfolio management, and portfolio accounting and reporting. Miles Capital’s history is rooted in managing institutional fixed income assets. Our investment and client service professionals are experts at meeting the diverse needs of our clients. Disclosure: