The investment pool is managed by a full-time investment staff with the Treasurer of State of Ohio and is similar in concept to a money market mutual fund. STAR Ohio affords the participants a convenient tool for investing in a diversified pool of high quality short-term assets.
Safety is obtained by investing in high quality instruments.
The fund offers daily liquidity without penalty, and with increased purchasing power, higher yield can be realized. The remainder of the portfolio is invested in fully collateralized certificates of deposit, repurchase agreements, eligible bankers' acceptances and commercial paper. While the fund is not insured, it is backed by the underlying securities of the portfolio. Participants earn interest on their funds each day. Income on your investment is compounded daily to your shareholder account and may be liquidated throughout the month.