As of OCT 21, 2026
TexasDAILY
3.87%1
7-Day Yield
3.87%1
1-Day Yield
See More Rate Information Join Today
As of OCT 21, 2026
TexasDAILY Select
4.01%1
7-Day Yield
4.01%1
1-Day Yield
See More Rate Information Join Today

Our investments

Welcome to Texas Range

Established in 2000, the Texas Range Investment Program (“Texas Range” or the “Program) was created to provide investment and cash management solutions for Texas cities, counties, school districts, and other public investors. Through a combination of liquid and fixed-rate investment options, Texas Range helps investors align their investment strategy with cash flow needs while maintaining a focus on safety, liquidity, and competitive returns.

Texas Range is governed by an Advisory Board made up of experienced public finance professionals and local government officials who help guide the Program in the best interests of its investors.

Program Highlights

The Texas Range Difference

Texas Range provides two liquid offerings under one portfolio, TexasDAILY and TexasDAILY Select. It is rated AAAmmf by Fitch Ratings¹.

Highlights Include

  • No minimum balance requirements
  • 2 p.m. Central time same-day wire transaction deadline
  • Unlimited withdrawals with no minimums
  • Ability to establish unlimited accounts
  • Online transaction and reporting access available 24/7 with Connect

TexasTERM

Texas Range also offers fixed-rate investments on maturities ranging from 60 days to one year. It is rated AAAf by Fitch Ratings².

Highlights Include:

  • $100,000 minimum balance
  • $100,000 minimum on additional deposits
  • No fees or transactional charges
  • Principal and dividend paid at maturity

 

1 Fitch AAAmmf Rating: portfolios with this rating denote the strongest capacity to achieve the investment objective of preserving principal and providing liquidity through limiting credit, market, and liquidity risk. Please visit fitchratings.com for more information and ratings methodology.

2 Fitch AAAf Rating: portfolios with this rating indicate having the highest underlying credit quality. Please visit fitchratings.com for more information and ratings methodology.

Learn More How to Join

Advisory Board

Partners Aiming to Bring Value to You

Texas Range investors elect an Advisory Board composed of local government officials, finance directors, and treasurers from across Texas. The Board is responsible for overseeing the Program and selecting service providers dedicated to meeting the needs of Texas public investors.

Through this governance structure, Texas Range remains focused on serving the interests of participating public entities.

View our Advisory Board

Contact Us

Call
Email
Join Today
Meet the Team
Start of disclosure content

  1. The Current 7-Day and 1-Day yields for Texas Range are as of the date indicated. The current 7- Day yield, also referred to as the current annualized yield, represents the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical account with a balance of one share (normally $1.00 per share) over a seven-day base period expressed as a percentage of the value of one share at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by 365 and dividing the result by 7. Past performance does not guarantee future results. The yields shown above may reflect fee waivers by Texas Range’s (the Fund) current or prior service providers. When such waivers occur, they reduce the total operating expenses of the Fund, and the Fund’s yields, would have been lower if there were no such waivers. Refer to the Fund’s Information Statement for further information on the expenses of the Fund and fees of its service providers. 

Start of disclosure content

This information is for institutional investors, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Texas Range Investment Program's (the "Program’s") investment objectives, risks, charges and expenses before investing. This and other information about the Program is available in the Program's Information Statement, which should be read carefully before investing. A copy of the Program's Information Statement may be obtained by calling 1-866-839-8376 or is available on the Program's website at www.texas-range.com. While TexasDAILY and TexasDAILY Select seek to maintain a stable net asset value of $1.00 per share and TexasTERM seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Program’s portfolio are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Program. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

Contact Us
Privacy Pledge
Sitemap
Disclosures
©2026 U.S. Bank
end of main