Saturday, April 20, 2019
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> Investment Commentary
> Read our April 2019 edition
The Education Liquidity Fund Letter

> TELFPlus Flexible FDIC-Insured Investment Solution
> Miles Managed Account Brochure: Maximize Your Potential Return
> Reminder:  TELF will be closed on Monday, May 27th in observance of Memorial Day.
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About TELF

The Education Liquidity Fund (TELF) was developed to serve the growing needs of Iowa educational institutions while maintaining safety of principal, liquidity and competitive yields. It is a program that provides:
  • competitive investment alternatives
  • convenient online technology
  • experienced administrative support
  • ongoing investment education for participants

TELF delivers both daily and longer-term investment alternatives in accordance with Iowa Code Section 12B.10.

Liquid investments are placed in a SEC-registered money market fund. For current fund and daily rate information, click here. For longer-term investments, TELF administers TELFPlus and TELFSMA.

The Education Liquidity Fund provides ongoing investment education through ad hoc market communications and our quarterly newsletter. The newsletter includes our review of the economic markets, marketing updates and current articles of interest. These are excellent tools designed to help you and other school officials handle your cash needs.

IPASonlineTM, an online accounting system, was established in 2000. This system provides 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 and efficient direct payment, via ACH, to your vendors. You can access 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.

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 have managed assets for pooled public funds in accordance with Iowa Statutes since 1986.

Miles Capital has nearly $5 billion in assets under management. We offer investment strategies across all styles including short duration, limited term and intermediate fixed income asset classes. 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 for over 30 years. We continue to enhance our processes to include appropriate constraints around risk management strategies as research and the market environment warrant.

Miles Capital's corporate offices are located in West Des Moines, and our investment and client service professionals are experts at meeting the diverse needs of our clients.