EPIC Fund NY (the Fund) was formed in 2025 by New York local government finance officers. It was created to offer a transparent, competitive, purpose-driven investment option for public entities across the state. The Fund reflects a shared commitment to stewardship, partnership, and the responsible management of public funds.

EPIC Fund NY is subject to the Municipal Cooperation Agreement dated as of October 30, 2025 (the Agreement) and is structured in accordance with New York State General Municipal Law (GML), Article 3-A and Article 5-G, Sections 119-n and o, as amended by Chapter 623 of the Laws of 1998. The Fund's investment and custodial policies are in accordance with GML, Sections 10 and 11 (as amended by Chapter 708 of the Laws of 1992). The Agreement is between the Town of Plattsburgh (Lead Participant) and each district and/or municipal corporation that formed the original EPIC Fund NY or that subsequently elects to participate. 

The New York Association of Towns (NYAOT) is a founding sponsor of EPIC Fund NY. NYAOT was formed in 1933 to advocate on behalf of New York towns at the state and federal levels and to serve as a resource and source of connection for New York State towns and town officials. 

The Fund is managed to maintain a dollar-weighted average maturity (WAM) of 60 days or less and seeks to maintain a stable net asset value (NAV) of $1.00 per share. Investments include:

• Obligations of the U.S. Treasury
• Obligations guaranteed by agencies of the U.S. government where the payment of principal and interest are guaranteed by the U.S. government (full faith U.S. agency obligations)
• Repurchase agreements collateralized by U.S. Treasury and full faith U.S. agency obligations
• Obligations of the State of New York
• Collateralized bank deposits

*  PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., the EPIC Fund NY’s investment adviser and administrator