Investment Management & Arbitrage Rebate Program

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Welcome to The Illinois Finance Authority Investment Management & Arbitrage Rebate Program

The Illinois Finance Authority Investment Management & Arbitrage Rebate Program offers IFA´s healthcare, higher education, nonprofit and corporate clients, and similar clients of other Illinois issuers, a comprehensive program that simplifies the management of bond or other proceeds and facilitates arbitrage rebate compliance.

Click for details on the many services of the program

The IFA Investment Management Program offers customized strategies for all related funds of a bond issue.

Debt Service Fund
Project / Construction Fund
Capitalized Interest Fund
Debt Service Reserve Fund
Escrow Fund(s)

The IFA Investment Management Program is sponsored by the Illinois Finance Authority (IFA) and managed by PFM Asset Management LLC.

IllinoisPrime Shares are a class of the Prime Portfolio of the Commonwealth Cash Reserve Fund, Inc. (the "Fund"). This information does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security in any jurisdiction, or for the benefit of any person. Investors should consider the investment objective, risks, charges, and expenses before investing in any of the Fund's portfolios. This and other information about the Fund is available in the Fund's current Prospectus, which should be read carefully before investing. A copy of the Fund's Prospectus may be obtained by calling 1-866-690-4432 or is available on the Fund's website at www.il-fa.com/bondproceeds. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Fund are offered and distributed solely by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

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