Iowa Public Agency Investment Trust

A Cash Management Program Exclusively for Iowa’s Public Institutions Program Details Overview:  Created in 1987  Registered with the Securities and Exchange Commission  Sponsored by: ► Iowa State Association of Counties (ISAC) ► Iowa League of Cities (ILC) ► Iowa Association of Municipal Utilities (IAMU)  Board of Trustees  Goals: safety, liquidity, yield

A Cash Management Program Exclusively for Iowa’s Public Institutions Program Details (continued) An Investment Program Utilized By:   Cities   Counties   Municipal Utilities   Other 28E Entities Components:   IPAIT Diversified Fund   Fixed-Term Placement (CDs, Agencies)

A Cash Management Program Exclusively for Iowa’s Public Institutions Program Features Benefits   24/7 Online access   Outstanding participant support   Tenured program administrators to answer any question   Convenient operation – one call, one statement   Unlimited number of sub-accounts   Unlimited number of monthly transactions   Encourages competitive environment   Safety of investments

A Cash Management Program Exclusively for Iowa’s Public Institutions Implementation How to Invest:   Adopt IPAIT resolution   Complete application and user forms, all available at   Submit and invest as you see fit!

A Cash Management Program Exclusively for Iowa’s Public Institutions Service Providers   Investment AdvisorMiles Capital, Inc.   Program AdministratorMiles Capital, Inc.   Program MarketerMiles Capital, Inc.   CustodianWells Fargo Bank, N.A.   Legal CounselAhlers & Cooney, P.C.   AuditorKPMG, LLP

A Cash Management Program Exclusively for Iowa’s Public Institutions Support and Questions IPAIT Toll-Free Line: (800)   Amy Mitchell – IPAIT Director, Public Fund Services & Administration   Ryan Berry – IPAIT Public Fund Sales Associate   Anita Tracy – IPAIT Senior Fund Services Administrator   John Osier, CFA – IPAIT Portfolio Manager