Informational Booklet and Application
State Treasury Asset Reserve of Ohio
State Treasurer of Ohio
Robert Sprague
Page 2 02/2019
For more information about STAR Ohio and STAR Plus visit
www.STAROhio.com
Dear Public Funds Manager,
Thank you for your interest in the State Treasury Asset Reserve (STAR) of Ohio. As administrator of this program, I am
committed to providing public investment officers with a safe and secure pool to invest Ohioans’ hard-earned dollars for the
years ahead. The STAR Ohio Program provides Ohio governmental subdivisions the ability to invest in high-grade, short-term
securities and offers shareholders safety, penalty-free liquidity and comparatively high yields.
This booklet serves as an introduction to STAR Ohio and details the value it provides. In the 25 years that STAR Ohio has
received a rating from Standard & Poors, it has maintained the highest possible investment rating of AAAm. The economies
of scale created by pooling funds of Ohio’s governmental subdivisions provide participants with greater earnings potential and
increased efficiencies. All eligible entities, regardless of their investment size, are invited to take advantage of this exceptional
investment option.
Currently, STAR Ohio serves over 2,500 participant accounts. My staff and I are committed to maintaining and improving
the high quality of service that STAR Ohio has provided for over 30 years. We appreciate your interest and welcome all Ohio
managers of public funds to join the program.
I hope that you find this information useful, and look forward to working with you to strengthen Ohio through this investment
opportunity.
Sincerely,
Robert Sprague
Ohio Treasurer of State
02/2019 Page 3
Table of Contents
STAR Ohio Highlights ................................................................................................................................................................................................... 4
Introduction
..................................................................................................................................................................................................................... 5
Investment Objectives and Instruments
.................................................................................................................................................................... 5
Net Asset Value
............................................................................................................................................................................................................... 6
Standard & Poor’s Rating of STAR Ohio
................................................................................................................................................................... 7
How to Invest
................................................................................................................................................................................................................... 7
Subsequent Investments
................................................................................................................................................................................................ 8
Purchase Limitation
....................................................................................................................................................................................................... 8
Withdrawals
..................................................................................................................................................................................................................... 9
Withdrawal Limitation
.................................................................................................................................................................................................10
Investment Distributions
........................................................................................................................................................................................... 10
Inactive Accounts
..........................................................................................................................................................................................................10
STAR Ohio Voice Response System
......................................................................................................................................................................... 10
STAR Ohio Website
.....................................................................................................................................................................................................10
Yield Information
..........................................................................................................................................................................................................10
Services to Participants
................................................................................................................................................................................................11
Investment Advisor and Administrator
...................................................................................................................................................................11
Co-Administrator
..........................................................................................................................................................................................................11
Custodian and Transfer Agent
....................................................................................................................................................................................11
Investment Agent/Advisors........................................................................................................................................................................................11
Auditors ..........................................................................................................................................................................................................................11
Tax Matters
.....................................................................................................................................................................................................................11
Changing Authorized Officials
..................................................................................................................................................................................12
Audit Confirmations
....................................................................................................................................................................................................12
Contacting STAR Ohio
...............................................................................................................................................................................................12
Holiday Schedule/ Early Fund Closures
..................................................................................................................................................................12
STAR Ohio New Application Form
..........................................................................................................................................................................13
STAR Ohio Authorized Signers Certification
........................................................................................................................................................15
Page 4 02/2019
What is STAR Ohio?
What is STAR Ohio?
e State Treasury Asset Reserve (“STAR”) is an investment
pool managed and administered by the State Treasurer of Ohio.
Participation is oered to subdivisions of the State of Ohio as
dened in Section 135.45(G)(2)(a), Ohio Revised Code, by the
State Treasurer for the investment of interim monies of the state
and to the state’s various custodial accounts. e investment
objectives of STAR Ohio are the preservation of capital, the
maintenance of liquidity, and providing current income.
Who Can Invest in STAR Ohio?
Cities • School Districts • Townships • Villages • Counties
• Public Libraries • Fire Districts • Port Authorities •
Community Hospitals • Housing Authorities • State
Institutions of Higher Education • Soil and Water
Conservation Districts • Parks and Recreational Districts •
Transportation Boards • Joint Vocational Schools • Other
Governmental Entities
STAR Ohio Participants Have the Advantage
e security of an investment pool that has Standard &
Poors highest rating, AAAm
e STAR Ohio Website provides accurate information
regarding current balance, month-to-date income and
current yields as well as access to current and historical
account statements
24-hour telephone access to account information via
1-800-648-STAR (7827)
Consolidated monthly account statements
No charges to wire funds into or out of the fund
ACH and wire online trading available at
www.STAROhio.com
No minimum investment amount required
No required minimum period of investment
Yields are quoted aer the expenses for the fund have
been deducted
Multiple accounts may be established for segregation of
specic funds
Online transfers between linked STAR Ohio accounts
Available electronic only statements
Trade conrmations available online
Grouped statements with an overview of all accounts is
available for entities with multiple accounts
Your participation in STAR Ohio is a phone call away. To invest
in STAR Ohio, to receive assistance in opening an account, or
to obtain the current yield of the fund, call toll-free: 1-800-648-
STAR (7827) or visit
www.STAROhio.com .
Current STAR Ohio Assets by Client Type as of 12/31/2018

Schools- 29.1%
Cities- 23.8%
Miscellaneous- 21.3%
Counties- 9.9%
Higher Education- 6.1%
Townships- 2.5%
SWCD- 2.5%
Libraries- 1.9%
Villages- 1.8%
Joint Vocational Schools- 1.1%
02/2019 Page 5
STAR Ohio’s Managers are Experienced
Investment Professionals
e oce of Ohio Treasurer is the investment advisor and
administrator for STAR Ohio. e advisor manages the
investment and re-investment of STAR Ohio’s assets and is
solely responsible for decisions to buy and sell investments of
STAR Ohio.
e co-administrator is Public Funds Administrators (“PFA”)
(Dublin, OH). PFA is responsible for the fund accounting,
shareholder servicing and fund administration functions
for STAR Ohio. e custodian is Huntington National Bank
(Columbus, OH). Huntington National Bank seles security
transactions, distributes interest, and produces participant
statements. e transfer agent, Ultimus Fund Solutions, LLC,
maintains the participants account records, distributes
interest, and produces statements with respect to account
activity for the participants.
e co-investment advisor, Meeder Investment Management
(Dublin, OH), makes investment recommendations and
monitors investment compliance.
Introduction. STAR Ohio permits the state’s political
subdivisions and the State Treasurer to pool their public funds
into a large investment fund managed by the State Treasurer
and the State Treasurer’s sta of professional portfolio
managers. STAR Ohio provides Ohio public fund managers
with a safe, liquid and low cost investment option.
STAR Ohio is designed for political subdivisions seeking to
preserve capital, maintain liquidity, and provide current income.
STAR Ohio is similar in concept to a registered investment
company issuing redeemable securities, commonly called
a “money market mutual fund.” A treasurer, governing
board, or investment authority of a subdivision may deposit
public monies of their subdivision with the State Treasurer.
Subdivision is dened in Section 135.45(G)(2)(a), Ohio
Revised Code, as any county, municipal corporation, school
district, township, municipal or school district sinking fund,
special taxing or assessment district and other district or local
authority electing or appointing a treasurer. e State Treasurer
will invest monies deposited in STAR Ohio in the same types
of instruments as are provided for the investment of interim
monies of the State. A copy of the STAR Ohio Investment
Policy Statement is available at www.ohiotreasurer.gov/
Investor_Data.
In order to manage STAR Ohio, Section 135.45, Ohio Revised
Code authorizes the Treasurer to adopt such rules as are
necessary for ecient administration and accounting. e
rules, codied at Ohio Administrative Code Section 113-10-
01, set forth policies regarding deposits, withdrawals, expenses
and interest compounding. All bookkeeping and safekeeping
associated with ownership of securities will be performed
by STAR Ohio. e liquidity provided by STAR Ohio will
also allow depositors access to their funds or bond proceeds
deposited therein as and when needed, thereby eliminating the
need for depositors to schedule investment maturities in order
to meet expenditure needs or project draw schedules.
Investment Objectives and Instruments. e investment
objectives of STAR Ohio are the preservation of capital, the
maintenance of liquidity, and providing current income. STAR
Ohio seeks to achieve these objectives by investing only in
certain high-grade investment instruments authorized for
investment by the State of Ohio as specied in Sections 135.143
and 135.145 of the Ohio Revised Code, and described below:
(1) United States treasury bills, bonds, notes, or any other
obligations or securities issued by the United States Treasury or
any other obligation guaranteed as to principal and interest by
the United States;
(2) Bonds, notes, debentures, or other obligations or securities
issued by any federal government agency or instrumentality;
(3) Bonds, notes, and other obligations of the state of Ohio,
including, but not limited to, any obligations issued by the
STAR Ohio offers the convenience of daily investments and withdrawals without penalty.
Page 6 02/2019
treasurer of state , the Ohio public facilities commission, the
Ohio building authority, the Ohio housing nance agency,
the Ohio water development authority, and the Ohio turnpike
infrastructure commission. Additionally, bonds, notes, and
other obligations of any state or political subdivision thereof
rated in the three highest categories by at least one nationally
recognized standard rating service and purchased through a
registered securities broker or dealer, provided the treasurer
of state is not the sole purchaser of the bonds, notes, or other
obligations at original issuance;
(4) Wrien repurchase agreements with any eligible Ohio
nancial institution that is a member of the Federal Reserve
System or Federal Home Loan Bank or any recognized
United States government securities dealer under the terms
of which agreement the State Treasurer purchases and the
eligible nancial institution or dealer agrees unconditionally
to re-purchase any of the securities that are described in
(1) or (2) above and that will mature or are redeemable
within ten years from the date of purchase. e market
value of securities subject to these transactions must exceed
the principal value of the repurchase agreement by an
amount specied by the Treasurer and the securities must
be delivered into the custody of the State Treasurer or the
qualied trustee or agent designated by the Treasurer. (e
State Treasurer also may sell any securities, regardless of
maturity or time of redemption of the securities, under the
same terms and conditions for repurchase, provided that the
securities have been fully paid for and are owned by the State
Treasurer at the time of the sale);
(5) Securities lending agreements with any eligible nancial
institution that is a member of the Federal Reserve System
or Federal Home Loan Bank or any recognized United
States government securities dealer, under the terms of
which agreement the State Treasurer lends securities and the
eligible nancial institution or dealer agrees to simultaneously
exchange similar securities or cash of equal value;
(6) Various forms of commercial paper, maturing in two
hundred seventy (270) days or less, issued by any corporation
that is incorporated under the laws of the United States or a
state, which are rated in the two highest categories by two
nationally recognized rating agencies, provided that the total
amount invested in commercial paper at any time shall not
exceed forty percent (40%) of STAR Ohio’s total average
portfolio, as determined and calculated by the State Treasurer;
(7) Banker’s acceptances, maturing in two hundred seventy
(270) days or less, which are eligible for purchase by the
Federal Reserve System, provided that the total amount
invested in banker’s acceptances at any time shall not exceed
ten percent (10%) of STAR Ohio’s total average portfolio, as
determined and calculated by the State Treasurer;
(8) Certicates of deposit in eligible institutions applying
for interim monies as provided in Section 135.08, Ohio
Revised Code;
(9) No-load money market mutual funds consisting exclusively
of obligations described in (1), (2) and (6) of this section and
repurchase agreements secured by such obligations; and
(10) Debt interests, other than commercial paper described
in (6) of this section, rated at the time of purchase in the
three highest categories by two nationally recognized rating
agencies and issued by corporations that are incorporated
under the laws of the United States.
STAR Ohio is not permied to borrow money, or pledge,
hypothecate, or mortgage its assets. Pursuant to Section
135.143 of the Ohio Revised Code, STAR Ohio may lend up
to twenty ve percent (25%) of its securities to any eligible
nancial institution that is a member of the Federal Reserve
System, or any recognized United States government securities
dealer. For the scal year ended June 30, 2017, STAR Ohio did
not participate in security lending transactions.
Net Asset Value.
e net asset value of STAR Ohio is
determined at the 1:30 P.M. fund close on each day that the
Federal Reserve System is open for business. e net asset
value per unit is computed by dividing the total value of the
assets of STAR Ohio, less its liabilities, by the number of
units outstanding.
It is the objective of the investment advisor and administrator
to stabilize the net asset value per unit at $1.00 for the purpose
of sale and redemption of units for STAR Ohio, but this
cannot be guaranteed.
Portfolio investments of STAR Ohio are valued on the basis
of the amortized cost valuation technique. is technique
02/2019 Page 7
involves valuing an investment at STAR Ohio’s acquisition cost
and thereaer assuming a constant amortization to maturity
of premium or constant accretion to maturity of discount,
regardless of the impact of uctuating interest rates or other
market factors on the market value of the investment. By
declaring these accruals, less accruals of expenses, in a
daily dividend, the value of STAR Ohio’s assets and the
net asset values per share will generally remain constant.
Although this method provides certainty in valuation, it
may result in periods during which the value of STAR Ohio’s
investments, as determined by amortized cost, is higher or
lower than the price STAR Ohio would receive if it sold the
investments. Expenses to be accrued include daily accruals
of expenses incurred in acquiring, selling, carrying or
redeeming investments, management fees, depository fees
and other administrative expenses. e investment advisor
and administrator have established procedures designed to
stabilize, to the extent reasonably possible, STAR Ohios
net asset value per share, as computed for purposes of
sales and redemptions, at $1.00. Such procedures include
review of STAR Ohio’s portfolio holdings by the advisor/
administrator at such intervals it deems appropriate to
determine whether STAR Ohio’s net asset value calculated
by using available market quotations deviates from $1.00 per
share and, if so, whether such deviation may result in material
dilution or otherwise be unfair to existing participants.
Procedures the Treasurers oce, co-administrator, and
co-advisor might undertake include selling portfolio
securities prior to maturity to realize capital gains or losses
or to shorten average portfolio maturities, withholding
dividends, or establishing net asset values per share by using
market quotations. In the event of deviation, the advisor and
administrator will take appropriate action to eliminate or
reduce, to the extent reasonably practical, dilution or unfair
results, or otherwise take action if the deviation exceeds one-
half of one percent. e investment advisor/administrator
will review on a weekly basis whether any deviation from
$1.00 has occurred with respect to STAR Ohio’s net asset
value per unit and intends to act consistently with some
of the procedures typical to certain money market mutual
funds, to the extent not inconsistent with Ohio law and not
inconsistent with the operating restrictions as described
herein. e pool is managed to maintain a weighted average
maturity to reset (WAM(R)) of 60 days or less and a
weighted average maturity to nal (WAM(F)) of 90 days or
less, to enhance liquidity and to limit market price exposure
to volatile interest rate movements in the market.
Standard & Poor’s Rating of STAR Ohio.
Standard &
Poor’s Ratings Services (Standard & Poor’s) has assigned a
AAAm” principal stability rating, its highest rating, to STAR
Ohio. By obtaining a triple A rating, STAR Ohio is considered
to have a superior capacity to maintain principal ($1.00 per
share value) and limit exposure to loss. e rating is based on
an analysis of the pools management, investment guidelines,
portfolio holdings and market price exposure. A copy of this
report is available at www.STAROhio.com.
How to Invest.
It is the responsibility of each public fund
manager to ensure that its participation in STAR Ohio is
authorized by local law or that its participation has been
authorized by the appropriate public ocials.
In order to initiate participation in STAR Ohio, the aached
application and certication form must be completed and
submied to:
STAR Ohio
PO Box 7177
Dublin, OH 43017
Account numbers should also be obtained by depositors
prior to investing any monies in STAR Ohio by calling
1-800-648-STAR (7827).
Investment by Bank Wire
An investment may be made by bank wire of funds. Aer your
STANDARD & POOR’s has assigned STAR Ohio its AAAm rating, the highest principal stability
fund rating.
Page 8 02/2019
STAR Ohio account is set up, you may request wire instructions
to initiate a wire transaction at your bank to be deposited into
STAR Ohio.
All wire transfers which are received by Huntington National
Bank before the 1:30 P.M. fund close are entitled to that days
interest distribution. ere is no minimum amount required to
establish an account.
Important Note All wire transfer funds received aer the
1:30 P.M. fund close will be returned to the sender.
Investment by ACH
An investment may be made by ACH of funds. Aer your
STAR Ohio account is set up, you may request ACH
instructions to initiate a transaction at your bank to be
deposited into STAR Ohio.
All ACH transfers which funds are received by Huntington
National Bank before the 1:30 P.M. fund close are entitled to
that days interest distribution. ere is no minimum amount
required to establish an account.
A four day hold is placed on all ACH bank deposits. Such
purchases will be posted to the participant account and will
begin to earn interest on the day the ACH funds sele into the
STAR Ohio account.
Investment by Check
To make an investment into STAR Ohio by mail, send a check
payable to the order of STAR Ohio, noting the account
number or numbers to which deposit should be made:
STAR Ohio
PO Box 46794
Cincinnati, OH 45246-0794
A ten day hold is placed on all check deposits. Such purchases
will be posted to the participant account and will begin to earn
interest on the day the check is deposited.
Subsequent Investments.
Subsequent investments of monies
into STAR Ohio may be made in several dierent ways:
(a)Wire TransferWire transactions to transfer money
into STAR Ohio must be initiated at your bank. All wires
must be received by Huntington National Bank by the
1:30 P.M. fund close in order to receive that days interest
distribution. Any wire transfer funds received aer the
1:30 p.m. fund close will be returned to the sender.
(b) Mailed Checks—Investments may be made by sending
a check payable to STAR Ohio to the below address:
STAR Ohio
PO Box 46794
Cincinnati, OH 45246-0794
You must include your account number with your
investment. No third party checks will be accepted. A ten
day hold is placed on all check deposits. Such purchases will
be posted to the participant account and will begin to earn
interest on the day the check is deposited.
(c) Direct Deposit—You may elect to have any monies
due from the State of Ohio, or any other source, deposited
directly to your STAR Ohio account, including funds
distributed from the State Auditors oce for secondary and
higher education. Funds will be credited to your account
and you will begin earning interest on that day if received
by Huntington National Bank no later than the 1:30 P.M.
fund close. Aer your STAR Ohio account is set up, you may
request the direct deposit instructions by contacting Client
Services.
(d) ACH Transfer—ACH transactions to transfer money
into STAR Ohio may be initiated by your bank, or,
provided the ACH banking instructions have been added
to your account, may be initiated by calling PFA at 1-800-
648-STAR (7827) or by processing an online transaction
at www.starohio.com. Please call Client Services at 1-800-
648-STAR (7827) to request online trading authorization.
ACH purchases initiated via the STAR Ohio website will
be posted to the participant account and will begin to earn
interest on the day the ACH funds sele into the STAR
Ohio account. To the extent deemed practical, there are
no minimum dollar amounts for investment. A four day
hold is placed on all ACH bank deposits. e funds will be
available to redeem out of the STAR Ohio account aer
this hold is released.
Important Note If you will be initiating ACH purchases
on the STAR Ohio website or through STAR Ohio Client
02/2019 Page 9
Services, please consult your bank or update your ACH
fraud prevention service to allow STAR Ohio to conduct
ACH transactions out of your account. If these preferences
are not changed, the ACH transactions could be declined
by your bank.
Purchase Limitation.
Twenty-four hours advance notice
to PFA, STAR Ohio’s co-administrator, is appreciated
for deposits of $25 million or more. STAR Ohio reserves
the right to limit the transactions to $100 million per
day. Transactions in all of a participants accounts will be
combined for these purposes.
Withdrawals. Withdrawals may only be made on business
days of STAR Ohio. A request for withdrawal will be rejected if
the amounts to be withdrawn represent an investment made by
check or ACH and the check or ACH funds have not yet been
collected by Huntington National Bank. Withdrawal requests
will also be rejected if the request is not properly authorized.
For your convenience, and to enable you to continue earning
daily interest as long as possible, STAR Ohio provides the
following procedures for withdrawal:
(a) By wire: You may elect to use the wire transfer
withdrawal procedure by designating, on the Application
Form, the name of the nancial institution, the ABA
routing information, the name of account and account
number to receive withdrawal proceeds. If you make this
election, requests for withdrawal may be given to PFA by
calling 1-800-648-STAR (7827). Such proceeds will be
wired by 4:30 P.M. on the same business day, provided
that PFA receives such telephonic request prior to the
1:30 P.M. fund close. Telephone withdrawal requests
received aer the 1:30 P.M. fund close will be processed
on the following business day. Be prepared to give PFA
your account number, your bank information, and wire
redemption authorization code. Only telephonic requests
by authorized individuals will be honored.
Requests to change nancial institution or account
designations for the receipt of wire transfers may only be made
by wrien instructions to PFA with authorized signatures
which are on le for the account from which the withdrawals
are to be made. Adding or changing a wire destination should
be made prior to the day of the transaction.
b) By ACH: You may elect to use the ACH (Automated
Clearing House) transfer withdrawal procedure by
designating, on the Banking Instructions Form, the name
of the nancial institution, the ABA routing information,
the name of account and account number to receive
withdrawal proceeds. If you make this election, requests
for withdrawal may be given to PFA by calling 1-800-648-
STAR (7827). Such transactions will be initiated the same
business day, provided that PFA receives such telephonic
request prior to the 1:30 P.M. fund close. Telephone
withdrawal requests received aer the 1:30 P.M. fund
close will be processed on the following business day.
ACH transactions typically sele the next business day,
but may take up to 3 business days, depending on the
receiving bank. Be prepared to give PFA your account
number, your bank information, and authorization code.
Only requests by authorized individuals will be honored.
Requests to change nancial institution or account
designations for the receipt of ACH transfers may only
be made by wrien instructions to PFA with authorized
signatures which are on le for the account from which
the withdrawals are to be made. Adding or changing an
ACH destination bank should be made prior to the day of
the transaction.
(c) By check: Upon request, you will be provided a supply
of checks which may be drawn against your account. is
check writing privilege is not meant to replace your local
checking account. e number of checks cleared per
month is limited to ve. All accounts of the participant
will be combined for these purposes. To participate in
this procedure, you should complete the check writing
redemption request on the Application Form, or call
1-800-648-STAR (7827) at any subsequent time. Neither
Huntington National Bank nor STAR Ohio shall incur any
liability to you under this procedure for honoring checks,
for eecting withdrawals pursuant to payment thereof or for
returning checks which are not accepted for payment. is
procedure is subject to Huntington National Banks rules
and regulations governing checking accounts. No charge will
be made for participation in the check writing withdrawal
procedure or for the clearance of any check. Investments will
continue to earn interest until the check clears.
Page 10 02/2019
(d) By mail: You may withdraw any amount from your
account at any time by submiing wrien instructions with
an authorized signature which is on le for that account. e
request should be mailed to:
STAR Ohio
PO Box 7177
Dublin, OH 43017
a. A check made payable to the account designated for
withdrawals will be mailed to the address of record,
normally on the day following receipt of withdrawal
instructions, but in no event later than three (3) business
days following receipt of withdrawal instructions in
proper form.
(e) By Online Redemption Trading by Wire or ACH:
Please call PFA at 1-800-648-STAR (7827) to request
online trading authorization. Additional information is
available at www.STAROhio.com.
Complete Withdrawals om STAR Ohio
e dollar balance in an account which may be withdrawn varies
daily due to the daily crediting of interest and the reinvestment
of such interest. Accordingly, if you wish to close out your
account, you should not specify the dollar amount, but instead
should request “withdrawal in full.” A complete withdrawal may
be accomplished by mail, wire or ACH through the procedures
described above. Your nal monthly statement will indicate the
amount of the complete withdrawal aributable to principal
and the amount paid as interest. e check writing withdrawal
procedure is not appropriate for a complete withdrawal. Prior
to eecting a complete withdrawal, if you have recently used the
check writing withdrawal procedure, you should verify that all
checks have been collected to avoid the possibility that your check
may not be accepted for payment (due to insucient funds).
Withdrawal Limitation.
Twenty-four hours advance notice
to PFA, STAR Ohio’s co-administrator, is appreciated for
redemptions of $25 million or more. STAR Ohio reserves
the right to limit the transactions to $100 million per day.
Transactions in all of a participant’s accounts will be combined
for these purposes.
Investment Distributions.
Net interest income will accrue daily
and be reinvested monthly. Net interest income consists of interest
income accrued (including accreted discount and less premium
amortized) less accrued expenses. e amount of discount or
premium on portfolio investments is xed at the time of their
purchase. e investment advisor/administrator may distribute
capital gains and/or losses (if any) from portfolio transactions
over a period of time exceeding the day on which such gains and/
or losses are realized. Quotations of the annualized daily rate and
the seven-day average net yield are available at www.STAROhio.
com and by calling 1-800-648-STAR (7827).
Interest will be credited on the day of investment provided
that investments by wire transfer are received by Huntington
National Bank no later than the 1:30 P.M. fund close and that
investments by check are collected prior to such time. It is the
responsibility of the STAR Ohio participant to ensure wires are
sent to STAR Ohio with sucient time to be received prior to
the 1:30 P.M. fund close. Funds received aer 1:30 P.M. will be
returned to the sender.
Inactive Accounts.
Accounts without a balance and without
transaction activity for eighteen months may be considered
inactive. STAR Ohio will notify clients with inactive accounts
once a year of the account status. In the event the inactive
account should remain open, clients will have 30 days to provide
wrien instruction to maintain the inactive account(s). Any
accounts for which notication has not been received may be
closed. Clients will then need to submit a new application to
open an account.
STAR Ohio Voice Response System.
e automated STAR
Ohio voice response system allows participants to access
account information 24 hours a day. By calling 1-800-648-STAR
(7827), participants can obtain current balance, month-to date
income and current yield information.
STAR Ohio Website.
e STAR Ohio website is www.
STAROhio.com. You may access current account balances,
view account history, view interest earned, initiate ACH
deposit and withdrawal transactions, initiate wire withdrawal
transactions, transfer funds between STAR Ohio accounts,
view and print historical account statements and access
additional resources for public fund managers. Prior to
completing an online ACH transaction, wire withdrawal or
inter-account transfer, valid account signers must request
access by calling PFA at 1-800-648-STAR (7827).
02/2019 Page 11
Yield Information. e “current annualized yield” of STAR
Ohio may, from time to time, be quoted in reports, literature and
advertisements published by STAR Ohio. Current annualized
yield with respect to STAR Ohio is computed by averaging
the daily dividend declared by STAR Ohio during a seven
calendar day period, dividing by the average daily price per
share (normally $1.00) over the same period, and multiplying
the result by 365.
e yields quoted should not be considered a representation
of the yield of STAR Ohio in the future, since the yields are
not xed. Actual yields will depend on the type, quality, and
maturities of money market instruments held by STAR Ohio,
changes in interest rates, and actual investment results.
Services to Participants.
Conrmations of each investment
and each withdrawal of funds will be available online within two
days of the transaction. Aer the end of each month, a statement
of each account will be mailed to each participant that will show
the dividend paid and the account balance as of the statement
date. ese statements are also available on www.STAROhio.
com along with historical statements. Participants may elect to
forgo paper statements and view statements online only. Contact
Client Services at 1-800-648-STAR (7828) if you choose to turn
o paper statements. STAR Ohio will email all email addresses
on le notifying participants that online statements are available
for viewing even if they have not turned o paper statements.
Any check the participant has wrien against an account in
STAR Ohio which has been paid and cancelled during the
month will be available upon request as an image of the original
check. e option for receiving consolidated statements and/or
combined mailings of statements is also available.
STAR Ohio uses three email addresses to send information to
participants. To ensure that you receive all emails from STAR
Ohio, please add the following three emails to a “safe” list so
they are not sent to your spam folder:
marketing@pfadm.com
starohio@pfadm.com
edelivery@ufs.com
Investment Advisor and Administrator.
Ohio Treasurer,
through the Investment Department, 30 East Broad Street,
9th Floor, Columbus, Ohio 43215-3461, serves as investment
advisor and administrator of STAR Ohio. e advisor manages
the investment and reinvestment of STAR Ohios assets
in accordance with its investment objectives and policies,
subject to the general limitations of Section 135.45, Ohio
Revised Code, and is solely responsible for decisions to buy
and sell investments of STAR Ohio. In addition, the advisor is
responsible for the overall management of the business aairs
of STAR Ohio.
Co-Administrator.
Public Funds Administrators, PO
Box 7177 Dublin, Ohio 43017 serves as co-administrator
of STAR Ohio, pursuant to an administration agreement.
Under the terms of the agreement, PFA provides the
following services: maintaining the accounts, books and
documentation of STAR Ohio; interest and net asset value
accounting and calculations; preparation and reconciliation
of general ledgers and nancial statements; coordination
with Huntington National Bank; preparing annual reports;
servicing participants; and any other services necessary for
the ecient administration of STAR Ohio.
Custodian and Transfer Agent.
Huntington National
Bank, 41 South High Street, Columbus, Ohio 43215, serves
as the custodian of STAR Ohio, pursuant to an agency
agreement. As custodian, Huntington National Bank holds
all book entry eligible securities in a separate account at
the Federal Reserve Bank of Cleveland. All other securities
are held in an account that has been approved by the State
Treasurer of Ohio. Ultimus Fund Solutions, LLC, located
at 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246,
serves as the Transfer Agent for STAR Ohio pursuant to an
agreement. As the transfer agent, Ultimus Fund Solutions,
LLC maintains the participant’s account records, distributes
interest, and produces statements with respect to account
activity for the participants.
Investment Advisor.
Meeder Investment Management, 6125
Memorial Drive, Dublin, Ohio, 43017 serves as Investment
Advisor. As investment advisor, Meeder Investment Management
provides investment recommendations, daily technical and
market analysis, and daily portfolio compliance review.
Auditors. Plante Moran, 250 High Street, Suite 100,
Columbus, Ohio, 43215 are the independent auditors of
Page 12 02/2019
STAR Ohio appointed by the Auditor of the State of Ohio.
e nancial statements of STAR Ohio have previously been
examined by Cohen & Company, and are available at www.
STAROhio.com or by calling 1-800-648-STAR (7827).
Tax Maers. Section 115(1) of the Federal Tax Code provides
that gross income does not include income that is derived
from the exercise of any essential governmental function
and accrues to a state or any political subdivision thereof.
e investment of public monies, including the proceeds of a
bond issue, to receive earnings thereon until such monies or
proceeds are spent on their proper purpose constitutes the
exercise of an essential governmental function for purposes
of Section 115(1) of the Code. Depositors in STAR Ohio
have an unrestricted right to receive in their own right their
proportionate share of STAR Ohio income as it is earned,
based on their ownership of units therein. Consequently, the
income of STAR Ohio will accrue to the depositors within the
meaning of Section 115(1) of the Code.
Based on the foregoing, the income of STAR Ohio derived
from the investment of public monies or bond proceeds
is excludable from the gross income of the depositors.
Accordingly, depositors do not need to le federal income tax
returns with respect to income derived from STAR Ohio.
Changing Authorized Ocials.
New authorization forms
and signatures should be led for each account when the
nance ocer or other authorized ocial changes. Information
and forms are available at www.STAROhio.com or by calling
PFA at 1-800-648-STAR (7827).
Audit Conrmations.
Auditors should send requests for
conrmation of account balances directly to STAR Ohio via
email to info@starohio.com, fax at 614-923-1149 or by mail to:
STAR Ohio
PO Box 7177
Dublin, Ohio 43017
Each request must include a list of the account names and
numbers for which conrmation is requested. Requests must be
signed by an authorized signer for the specied account(s).
Contacting STAR Ohio.
For information on STAR Ohio,
to place wire deposits and withdrawals, to request forms
and checks, to inquire about current account status, website
information or to contact the STAR Ohio co-administrator,
please email info@starohio.com, call 1-800-648-STAR
(7827), or fax 614-923-1149. Any trade instructions that
originate by fax or email require a live telephone follow-up
before the instruction becomes eective.
Mailing Address: STAR Ohio
PO Box 7177
Dublin, OH 43017
Email: info@STAROhio.com
Fax: 1-614-923-1149
Phone: 1-800-648-STAR (7827)
Normal business hours are Monday through Friday, 8:30 a.m. to
5:00 p.m. (ET).
Holiday Schedule/Early Fund Closures.
STAR Ohio will
be closed on the following holidays:
New Year’s Day
Dr. Martin Luther King, Jr. Day
Presidents’ Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day
anksgiving Day
Christmas Day
e standard STAR Ohio fund close is at 1:30 P.M. e
cuto for STAR Ohio transactions will be 1:00 P.M. on
the following days, when the bond market closes early:
e day before Good Friday
Good Friday
e Friday before Memorial Day
e day aer anksgiving
Christmas Eve
New Year’s Eve
02/2019 Page 13
State Treasury Asset Reserve
New Application Form
All accounts must be opened in the name of the political
subdivision or the State and executed by an officer thereof.
If you need assistance in filling out this form, representatives
are available toll-free: 1-800-648-STAR (7827)
Make all checks payable to: STAR Ohio
I. ACCOUNT REGISTRATION The account should be registered as follows:
Name of Subdivision
Title of Account
Type of Subdivision
Attention Of Fed. ID# of Subdivision
Mailing Address County
Email
Telephone
Fax (if any)
Mail checks to: STAR Ohio
PO Box 46794
Cincinnati, OH 45246
Fax application to: 614-923-1149
Mail application to: STAR Ohio
PO Box 7177
Dublin, OH 43017
Email application to: info@starohio.com
II. WIRE REDEMPTION—See booklet for explanation. If this procedure is elected, redemption proceeds
may be sent only to the commercial bank listed below, for credit to your account. The participant hereby
authorizes STAR Ohio to honor telephonic or written instruction, without a signature guarantee, for
withdrawal requests received by STAR Ohio from the participant and believed by STAR Ohio to be
genuine. STAR Ohio’s Records of such instructions will be binding.
Please note: ABA/Routing numbers may vary depending on transaction type. Please verify information
below with your bank before submitting.
__________________________________________________________________________________________________________________________________________________
Name of Commercial Bank- ABA/Routing Number Account Number
__________________________________________________________________________________________________________________________________________________
Address of Bank City State Zip Code
ACH REDEMPTION—See booklet for explanation. If this procedure is elected, redemption proceeds
may be sent only to the commercial bank listed below, for credit to your account. The participant hereby
authorizes STAR Ohio to honor telephonic or written instruction, without a signature guarantee, for
withdrawal requests received by STAR Ohio from the participant and believed by STAR Ohio to be
genuine. STAR Ohio’s Records of such instructions will be binding.
Please note: ABA/Routing numbers may vary depending on transaction type. Please verify information
below with your bank before submitting.
__________________________________________________________________________________________________________________________________________________
Name of Commercial Bank- ABA/Routing Number Account Number
__________________________________________________________________________________________________________________________________________________
Address of Bank City State Zip Code
Check box
if desired
Check box
if desired
Page 14 02/2019
III. SIGNATUREBy the execution of this Application, the undersigned represents and warrants that the participant has
full right, power and authority, to make the investment applied for pursuant to this Application, and the person or persons,
if any, signing on behalf of the participant represent and warrant that they are duly authorized to sign this Application and
to purchase or redeem investments in STAR Ohio on behalf of the participant.
The undersigned further acknowledges that I/we have received and reviewed the Informational Booklet describing STAR
Ohio, prepared by the State Treasurer’s Office and incorporated herein by reference, and I/we have been afforded the
opportunity to discuss STAR Ohio, the Informational Booklet and this Application with Public Funds Administrators, the
Co-Administrator of STAR Ohio, and that I/we have received such advice, legal and otherwise, as I/we have deemed
necessary, to make this application and to comprehend fully the information set forth in the Informational Booklet and
this Application. The undersigned appoints Huntington National Bank as agent of the participant to receive interest and
distributions for their automatic reinvestment.
Name of Participant Subdivision
Title of Account
Date Authorized Officer of Subdivision Signature Title
Date Authorized Officer of Subdivision Signature Title
I would like to receive electronic
statements only.
Check box
if desired
II. CHECK-WRITING REDEMPTION PROCEDURE—See booklet for explanation. We hereby request
Huntington National Bank to honor checks drawn by us on the account indicated above subject to
acceptance by STAR Ohio, with payment therefore to be made by withdrawing from our account without
a signature guarantee. Huntington National Bank does hereby reserve all their lawful rights for honoring
checks drawn by us and for effecting redemptions pursuant to the Check Writing Redemption Procedure.
We understand that this election does not create a checking or other bank account relationship between
ourselves and Huntington National Bank or STAR Ohio and that the relationship between us and Huntington
National Bank is that of participant-transfer agent. If the box is checked STAR Ohio will notify participants
as to the additional documentation needed to receive the Check Writing Redemption Procedure.
Check box
if desired
02/2019 Page 15
By signing this document, I understand that this is the current and most up-to-date list of all authorized signers. This form will replace
any previous documentation received regarding authorized signers for both STAR Ohio and STAR Plus. If your STAR Ohio and STAR
Plus accounts should have different signers, contact Client Services at 800-648-7827.
Name of Participant Subdivision and Title of Account:_________________________________________________
The above referenced “Authorized Persons” subscribed and sworn their
afliation with named subdivision before me on this _______ day of
___________ , 20___ in the county of ______________State of Ohio.
STAR Ohio / STAR Plus
Authorized Signers
Certification
Account #_________________________________________
_________________________________________
_________________________________________
Federal ID# _______________________________________
Mail to: STAR Ohio Fax to: 614-923-1149
PO Box 7177
Dublin, OH 43017
Email to: info@STAROhio.com
_______________________________________________
Name of Certifying Officer of Subdivision
_______________________________________________
Signature
Title:
__________________________________________
Address: _______________________________________
Notary Public: __________________________________
My commission expires: __________________________
Effective Date:____________________
The following named persons are currently officers or other authorized signatories of the participant, and any one of them (“Authorized
Person(s)”) is/are currently authorized to act with full power to invest or redeem investments in STAR Ohio and/or STAR Plus for the
participant and to execute and deliver any instrument necessary to effectuate the authority hereby conferred:
___________________________ __________________________ ______________________ ____________________________
Name (printed) Signature Title Telephone Number
___________________________ __________________________ ______________________ ____________________________
Name (printed) Signature Title Telephone Number
___________________________ __________________________ ______________________ ____________________________
Name (printed) Signature Title Telephone Number
___________________________ __________________________ ______________________ ____________________________
Name (printed) Signature Title Telephone Number
Service Providers may, without inquiry, act only upon the instruction of ANY PERSON(S) purporting to be (an) Authorized Person(s)
as named in the Certification form last received by Service Providers. Service Providers shall not be liable for any claims expenses
(including legal fees), or losses resulting from Service Providers having acted upon any instruction reasonably believed genuine.
Online access. STAR Ohio and STAR Plus offer online access to your accounts. Users that require online access will receive separate
emails with a secure password and instructions on logging in to your accounts. The STAR Ohio username is first initial, last name in
all capital letters. The STAR Plus username is the email address provided for each user below. (Please note: Only authorized signers
can have Full Access to online accounts)Please provide the following information to obtain online access to your STAR Ohio and
STAR Plus accounts.
NOTE. Retain a copy of this document for your records. The document
is in full force and effect until another duly executed form is received by
Public Funds Administrators.
(Seal)
Full Access View Only
Full Access View Only
Full Access View Only
_______________________________ _____________________________________
Name (printed) Email
_______________________________ _____________________________________
Name (printed) Email
_______________________________ _____________________________________
Name (printed) Email
_______________________________ _____________________________________
Name (printed) Email
Full Access View Only
Page 16 02/2019
State Treasury Asset Reserve
New Trust Account Form
I. APPOINTMENT OF TRUSTEEIf you wish to authorize a bank, investment advisor, or trust company to purchase
and redeem investments in STAR Ohio on your behalf, and to receive all communications from STAR Ohio on your behalf,
complete this section. Any redemptions made by such party on your behalf will be made only to your account of record.
Such party may not change your account of record.
Name of bank or trust company: _____________________________________________________________ (“Trustee”)
Address: ___________________________________________________________________________________________
___________________________________________________________________________________________
Attention: _________________________________________________
(Name of contact person) Email Address
Telephone______________________________________ Fax (if any) __________________________________
Email Address ______________________________________________________________________________
The undersigned represents and warrants that the participant has full right, power and authority to, and hereby does,
appoint the aforementioned Trustee as its agent for purposes of purchasing and redeeming investments in STAR Ohio and
receiving all communications to the participant from STAR Ohio. The undersigned acknowledges that all communications
by STAR Ohio to the participant will be made only to the Trustee, unless STAR Ohio is otherwise advised in writing by the
participant.
____________________________________ ____________________________________
Name of Participant Address of Participant
____________________________________ ____________________________________
Contact Person at Subdivision Telephone Number of Participant
_______________ _______________________ _______________________ ___________________
Date Authorized Officer of the Subdivision Signature Title
The undersigned, being a duly authorized officer of the Trustee, hereby accepts the foregoing appointment and agrees to
promptly provide to the participant, at the address shown in Section I hereof or such other address provided in writing by
the participant, all communications from STAR Ohio received by the Trustee on behalf of the participant. The undersigned
also represents and warrants that he/she has received and reviewed the Informational Booklet.
_____________ ______________________________ ______________________________ _____________
Date Authorized Officer of the Trustee Signature Title
All accounts must be opened in the name of the political
subdivision or the State and executed by an officer thereof.
If you need assistance in filling out this form, representatives
are available toll-free: 1-800-648-STAR (7827)
Make all checks payable to: STAR Ohio
Mail checks to: STAR Ohio
PO Box 46794
Cincinnati, OH 45246
Fax form to: 614-923-1149
Mail form to: STAR Ohio
PO Box 7177
Dublin, OH 43017
Email form to: info@starohio.com
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