The Illinois Funds
AAAmmf Rated by Fitch
The Illinois Funds is a pooled investment program for Illinois public agencies and is managed in a manner generally consistent with SEC Rule 2a-7 money market fund standards. Fitch has assigned The Illinois Funds its highest rating, AAAmmf, based on the pool’s credit quality, maturity, diversification, and management. This rating reflects an extremely strong ability to preserve principal and limit exposure to interest rate and credit risk. The Illinois Funds has maintained the highest prime investment grade rating for a government money market fund since 1996.
Benefits
The Illinois Funds gives government agencies a safe, convenient way to invest public funds while benefiting from the strength and scale of a pooled investment portfolio of more than $19 billion. The program is designed to protect principal, provide immediate access to funds, and deliver a competitive return compared with similar investment options.
Additional benefits
- Investments can be overnight or long-term.
- The Illinois Funds complements, rather than replaces, your local banking relationships.
- No minimum investment is required.
- Free online account access to view transaction history, perform financial transactions, including account inquiries, transfers, purchases, and redemptions.
- Money cannot be swept by the General Assembly or used for any other purpose.
- Government agencies participating in ePAY under the Illinois Funds will have their funds deposited into their Illinois Funds investment account(s) daily. To learn more, visit the ePAY website.
- Since 1996, The Illinois Funds has held the highest prime investment-grade rating from a government-managed money market fund. Currently, The Illinois Funds is rated AAAmmf by Fitch Ratings, Inc.
Invested In You
Local governments eligible to join include cities and towns, counties, special taxing districts, municipal corporations, housing authorities, community and technical colleges, and four-year universities. As of January 31, 2026, Illinois Funds participants included:
- 99 Agriculture & Environmental agencies (including Park, Forest, and Soil & Conservation districts)
- 675 Local Governments (including Municipalities, Townships, and Counties)
- 418 Public Education institutions (including School Districts, Library Systems, Regional Offices of Education, Community Colleges, Vocational & Technical Schools, and Universities)
- 123 Public Health & Safety agencies (including Public Hospitals & Nursing Homes, Mental Health districts, Fire Protection districts, Area Aging districts, Mosquito Abatement districts, and Public Safety/911 districts)
- 19 Public Pension systems (including for Police, Firefighters, and Teachers)
- 21 Public Transportation systems (including Airport authorities, Mass Transit authorities, Road & Bridge districts, and Port Authority districts)
- 46 Public Utilities (including Water & Sewer districts, Sanitary & Reclamation districts, electricity, and gas districts)
- 17 State Government agencies (including the State Treasurer’s Office, ICCB, IDES, IHFS, IDCEO, CMS)
- 18 Miscellaneous Public Agencies (including Building & Planning commissions, Housing Authorities, Cemetery Boards, and Intergovernmental Agencies)
For more information, please visit our FAQ page, read the investment guidelines outlined in The Illinois Funds Investment Policy, or feel free to contact The Illinois Funds custodian at 800-947-8479 or the Treasurer’s Office by submitting a contact form.