A Statewide Investment Pool For Local Governments

NY MuniTrust Public Officials Balance Sheets
NY MuniTrust Public Officials All of New York State
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What is
NY MuniTrust®?

NY MuniTrust is a short-term, highly liquid investment Pool designed specifically for the public sector. It is designed to seek as high a level of current income that is consistent with the preservation of capital and the maintenance of daily liquidity for any municipal corporation consisting of counties, cities, towns, villages, school districts, special districts, and boards of cooperative educational services.

NY MuniTrust offers two separate investment funds: the Excelsior Fund is for NY Counties only. The Empire Fund is open to all municipal corporations.

BNY and Dreyfus, both headquartered in New York, support NY MuniTrust by providing custody, fund accounting, record keeping, client servicing, distribution, and investment management for the investment pool. NY MuniTrust is a corporate partner of the State’s leading advocates for public sector entities: the New York State Association of Counties and the National Association of Counties.

▬ Investment Options ▬

1 Benefit. 2 Unique Funds.

Excelsior Fund

1 Day Yield: 5.29%
As of 7/12/24

Empire Fund

1 Day Yield: 5.19%
As of 7/12/24

A ‘AAAm’ rating by S&P Global Ratings is obtained after S&P evaluates a number of factors, including portfolio credit quality, diversification, maturity, and liquidity of the fund as well as the strengths and weaknesses of the fund’s management including credit research, risk management and internal controls to limit exposure to loss. Ratings are subject to change and do not remove market risk.

▬ Meet our experts ▬

Relationship Team

Stephen-Acquario
Stephen Acquario
Executive Director,
NY MuniTrust
Antonio Ditri
Business Development
Dreyfus

FINRA Licences:
Series 6, 7, 53 and 63

Kevin Brown, CIMA®
Business Development
Dreyfus

FINRA Licences:
Series 6, 7, 24, 53, and 63

Michelle Lens
Business Development
Dreyfus

FINRA Licences:
Series 6, 7, 52, and 63

Governing Board

Ted Aroesty

Director/Treasurer

Brighton Fire District, NY

Edward Brancati

Village/Town Manager

Mount Kisco, NY

Kitty Crow

Director of Finance

Chautauqua County, NY

Kerry Gallagher

Commissioner of Finance

Orange County, NY

Scott German

Treasurer

Genesee County, NY

Jack Marren

Town Supervisor

Town of Victor, NY

Patrick Schmitt

Treasurer

Wayne County, NY

FAQ's

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Investors should consider the investment objectives, risks, charges, and expenses of the Funds carefully prior to investing.

Investment in the Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency, and although the Funds seek to preserve the value of the investment at a fixed share price, it is possible to lose money by investing in the Funds.

This material is a general summary of some of the basic features of the NY MuniTrust® Local Government Investment Pool (“LGIP” or “Pool”), is for informational purposes only, and should not be construed as investment advice or a recommendation of any security. For a more complete understanding of Fund specific features, please refer to the NY MuniTrust Information Statement available from the LGIP or its distribution agents.

The Pool is an intermunicipal agreement (IMA) created through a municipal cooperation agreement (Municipal Cooperation Agreement) made pursuant to New York General Municipal Law, Articles 3-A and 5-G (collectively, the Act), dated as of February 1, 2022 by and among Orange County (Lead Participant) and each district and municipal corporation, as defined in the Act, that enters into the Municipal Cooperation Agreement hereof (collectively, together with the County of Orange, the Participants). Risks Considerations: Investments in the Funds involve investment risks, including the possible loss of principal. Market risk is the potential for a decline in the market value of a debt instrument and may be affected by a change in interest rates, political, regulatory, economic and social developments. Interest rate risk refers to the decline in the prices of fixed income securities that may accompany a rise in the overall level of interest rates. A sharp and unexpected rise in interest rates could impair the Fund’s ability to maintain a stable net asset value. Very low or negative interest rates may magnify interest rate risk. In addition, a low interest rate environment may prevent the Fund from providing a positive yield or paying Fund expenses out of Fund assets and could impair the Fund’s ability to maintain a stable net asset value. Credit risk is the possibility that the issuer of a bond or other security will fail to make timely payments of interest and principal. The credit risk associated with each Fund within the Pool, therefore, depends on the credit quality of the underlying debt instruments held by that Fund. In the event of a payment default on a debt instrument held in a Fund, the investment return on the Fund within the Pool that owns the investment in default will be adversely affected and, in some cases, the Fund could experience a loss of principal. Liquidity risk is the potential for there not to be a ready market for the securities in which the Fund invests. Lack of ready markets could prevent the Fund from selling securities to provide cash to meet liquidity needs, including amounts required for timely payment of withdrawals requested by participants.

BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer, is a distributor for NY MuniTrust. BNY Mellon Investment Servicing (US) Inc. is the transfer agent, The Bank of New York Mellon is custodian and Dreyfus, a division of Mellon Investments Corporation (MIC), a registered investment adviser, is the investment advisor. All are subsidiaries of The Bank of New York Mellon Corporation. BNY, BNY Mellon and Bank of New York Mellon are the corporate brands of The Bank of New York Mellon Corporation and may be used to reference the corporation as a whole and/or its various subsidiaries generally. BNY and NY MuniTrust are unaffiliated entities.

Stephen-Acquario

Stephen Acquario, ESQ

Executive Director, NY MuniTrust

As executive director of NY MuniTrust, Steve is responsible for management of NY MuniTrust, a NY Local Government Investment Pool (LGIP) established to assist local governments, BOCES, school districts and fire districts with short-term and long-term investment needs maximizing returns for local taxpayers. Through his work with counties and local governments over the past several decades, Steve is recognized as a public sector leader and tireless advocate in the fields of state and local revenues, property/casualty and workers compensation insurance pools, local government reform, local government finance and fiscal policy, and—more recently—shared services between all levels of local government and school districts.

Steve holds a Juris Doctor from Albany Law School and is a graduate of NACo’s Professional Development Academy where he received specialized training in leadership performance.

In addition to his professional successes in public sector advocacy, Steve is a current and past member of several local, statewide and national boards lending his vast expertise to their critical missions.

Antonio Ditri

Senior Vice President, Business Development, Dreyfus
Vice President, The Bank of New York Mellon

Antonio is senior sales executive for Dreyfus. He has broad experience with liquidity solutions, including money market mutual funds (both domestic and offshore), short duration separately managed accounts (SMAs), an ultra-short exchange-traded fund (ETF) and sub-advisory capabilities. Antonio is based in New York and his clients include corporations, broker-dealers, endowments & foundations, and financial intermediaries in the Northeast, Southeast and Midwest US.

Antonio has worked in the institutional money management space his entire career. Prior to assuming this role, he worked at JPMorgan Asset Management in various capacities. Most recently he served as a Vice President within JPMorgan Asset Management’s Global Liquidity division covering financial institutions in the Northeast and West. His efforts focused on intermediary distribution as well as direct relationships with hedge funds and insurance companies. During his tenure, he helped to grow JPMorgan Asset Management’s market share in the domestic & offshore money market fund, short-term bond fund and separately managed account spaces.

Antonio began his career in 2005. Antonio has a Bachelor of Business Administration from Temple University and an MBA from LaSalle University. He holds the Series 7, 53 and 63 FINRA licenses.

Dreyfus is a division of BNY Mellon Investment Adviser, Inc. (BNYMIA) and Mellon Investments Corporation (MIC), each a registered investment adviser. MIC is composed of two divisions; Mellon, which specializes in index management and Dreyfus which specializes in cash management and short duration strategies. Dreyfus is one of the industry’s leading institutional managers of liquidity solutions. BNYMIA and MIC are affiliated subsidiaries of The Bank of New York Mellon Corporation.

Securities are offered through the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer and FINRA member. BNY Mellon Securities Corporation is a subsidiary of The Bank of New York Mellon Corporation.

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.

Kevin H. Brown, CIMA

Senior Vice President and Director of Sales, Dreyfus
Vice President, The Bank of New York Mellon

Kevin is Senior Vice President and Director of Sales at Dreyfus where he manages and mentors a veteran sales team which works with institutional clients across the US. Kevin and his team are responsible for sourcing, structuring, and managing all aspects of Dreyfus’ relationships and represent money market funds (both domestic and offshore), short-duration separately managed accounts, an ultra-short income exchange-traded fund, and sub-advisory capabilities. Clients span a wide range including banks, trust companies, RIAs, hedge funds, investment managers, trading portals, broker/dealers, corporations, insurance firms, higher education institutions, local government investment pools, and public entities.

Kevin began his career in the investment industry at Dreyfus in 1997. He maintains his Certified Investment Management Analyst (CIMA) designation issued by the Investments & Wealth Institute and holds the Series 7, 24, 53, and 63 FINRA licenses.

He graduated in 1990 from Vanderbilt University, Nashville, Tennessee, and has served as both Treasurer and Chairman of the Board of the State YMCA of Georgia.

Dreyfus is a division of BNY Mellon Investment Adviser, Inc. (BNYMIA) and Mellon Investments Corporation (MIC), each a registered investment adviser. MIC is composed of two divisions; Mellon, which specializes in index management and Dreyfus which specializes in cash management and short duration strategies. Dreyfus is one of the industry’s leading institutional managers of liquidity solutions. BNYMIA and MIC are affiliated subsidiaries of The Bank of New York Mellon Corporation.

Securities are offered through the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer and FINRA member. BNY Mellon Securities Corporation is a subsidiary of The Bank of New York Mellon Corporation.

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.

Michelle Lens

Senior Vice President, Business Development, Dreyfus
Vice President, The Bank of New York Mellon

Michelle is senior sales executive for Dreyfus. She is based in New York and her clients include broker-dealers, corporations, banks and financial intermediaries in the Midwest and as far east as Pennsylvania. Michelle’s expertise covers a broad range of money market mutual funds (both domestic and offshore), short duration separately managed accounts (SMAs), an ultra-short exchange-traded fund (ETF), FDIC-insured bank deposit accounts and sub-advisory capabilities.

Michelle began her career at BNY Mellon in 1987. Since that time, she has served in several positions with increasing responsibility including within relationship management working directly with institutional clients that invest in Dreyfus/BNY Mellon money market mutual funds; Dreyfus’ asset management account products managing the distribution initiative for money market reform as well as developing unifying strategies among the institutional sales team and growing the customer base and strengthening strategic partnerships.

Michelle also managed Dreyfus’ institutional sales support where her team was responsible for supporting the sales and reporting activities related to Dreyfus’ mutual fund products.

Michelle holds the Series 7, 6, 52, and 63 FINRA licenses. She earned her Bachelor of Science from Fordham University.

Dreyfus is a division of BNY Mellon Investment Adviser, Inc. (BNYMIA) and Mellon Investments Corporation (MIC), each a registered investment adviser. MIC is composed of two divisions; Mellon, which specializes in index management and Dreyfus which specializes in cash management and short duration strategies. Dreyfus is one of the industry’s leading institutional managers of liquidity solutions. BNYMIA and MIC are affiliated subsidiaries of The Bank of New York Mellon Corporation.

Securities are offered through the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC), a registered broker-dealer and FINRA member. BNY Mellon Securities Corporation is a subsidiary of The Bank of New York Mellon Corporation.

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.