STAR Ohio surpasses $1 billion in total investment earnings distributed to government entities since Treasurer Sprague took office
Ohio Treasurer Robert Sprague has announced that the State Treasury Asset Reserve of Ohio (STAR Ohio) has generated and distributed more than $1 billion in investment income to participating government entities since he took office in January 2019.
“With costs rising across the board and volatility roiling the markets, STAR Ohio continues to generate strong returns and remains a sound, trusted investment option for local governments and other public entities across Ohio,” said Treasurer Sprague. “We’re committed to building on this success and supporting communities as we invest in our state’s future.”
STAR Ohio allows Ohio governmental entities — from municipalities to school districts — to invest in high-grade, short-term securities, while offering safety, penalty-free liquidity and comparatively higher yields.
The Treasurer’s office serves as the pool’s investment adviser and administrator, managing the investment of the fund’s assets. Since 1995, STAR Ohio has earned and maintained Standard & Poor’s highest rating of AAAm, further demonstrating the safety, security and resilience of the fund.
When Treasurer Sprague took office in January 2019, STAR Ohio’s assets totaled $9.55 billion. As of May 1, 2023, assets totaled $20.99 billion, growing by nearly 120 percent in just over four years. Earlier this year, STAR Ohio exceeded $22 billion in assets for the first time ever. Much of the investment pool’s growth in recent years was the result of participating entities regularly turning to it as a reliable investment option for COVID-19 relief funds.
As of May 1, there are 1,868 STAR Ohio participants. The current daily yield is 5.07 percent — the highest yield since September 2007.
For more information, visit the STAR Ohio webpage at https://tos.ohio.gov/star-ohio.