ONE | Welcome

Welcome

The One Investment Program is a pooled investment program designed specifically for the municipal and broader Ontario public sector that has consistently provided strong rates of return.

Established in 1993, The One Investment Program (One) is operated jointly by Local Authority Services Limited (LAS) and The CHUMS Financing Corporation, wholly owned subsidiaries of The Association of Municipalities of Ontario and The Municipal Finance Officers’ Association of Ontario, respectively. One is a pooled program whereby the deposits of multiple participating municipalities and eligible public sector organizations are jointly invested, and managed by professional portfolio managers.

The program provides an investment vehicle for almost 100 Ontario municipalities and organization from the broader Ontario public sector. Because of the large program investment base, One is able to offer a range of investment options unavailable to most individual municipal investors directly.

For more Information please see our four portfolios below or download the One Program Overview.

What municipalities are saying about the One Investment Program - view testimonials.

2010 Restated Agency Agreement

One issued a restated Agency Agreement in March 2010 for execution by all program investors. The purpose of the restated agreement is to revise current agreement wording to better reflect the operation of the program – specifically, most references to the word “fund” are deleted because the One program has never operated as an investment fund, and some inaccurate definitions within the agreement are also updated. Read more about this exercise [ read more ]

Whats New With One?

	June 2010 June 2010 Performance Update View prior period Program Performance
	June 2010 Market update from One's portfolio Managers.
	2010 First Quarter One Investment Program Report Period ending investment balances for Q1 exceed all similar periods since 2000. This is a result of strong investment performance across all One portfolios. In addition, our investment managers have noted their continued confidence in the medium-long term performance prospects for One’s fixed income and equity portfolios – read the report to learn more.
	2009 Annual Report Learn how our four investment portfolios continue to outperform other public sector investment alternatives, and how One provides added value to our investors. Download the report. Total investment in One was $527M at year-end 2009, exceeding the 2008 year-end balance by 28.7%. The Money Market Portfolio returned 0.75% for 2009, exceeding the Bank Prime less 1.75% return by 3.4 basis points Average two year Bond Portfolio returns in 2009 exceeded the two year Bank Prime less 1.75% return by 178 basis points
	December 2009 All One Portfolio Fact Sheets have been updated to December 2009 – See links in ‘Products’ section below.
	October 2009 Investment Basics and Beyond – municipal education seminars attracted more than 130 municipal attendees last year! More sessions to be offered in Fall 2010.

Key Benefits of Investing with One

Guaranteed compliance with all municipal investment regulations
Access to investment types unavailable to most individual municipalities
Enhanced returns from economies of scale purchases and active investment strategies
Regular investor reporting
Oversight by your municipal peers and a independent investment consultant
Professional investment management and legal advice (for the program)
Investment diversification
Flexibility and Liquidity with no minimum investment term
Professional accounting and reporting of all investment activity
24/7 access to investor account information via a protected website

Products

Money Market Portfolio	A cornerstone of The One Investment Program, the Money Market Portfolio preserves capital and maintains liquidity while maximizing short-term income through a diversified holding of Canadian Treasury Bills and high quality commercial paper. The Portfolio produces the highest degree of security over the short or long term. For more information, please see the Money Market Fact Sheet.
Bond Portfolio	The original product of The One Investment program, the Bond Portfolio can provide a higher return over longer investment horizons than the Money Market Portfolio. These higher returns are garnered primarily through investment in a diversified selection of federal, provincial and municipal bonds maturing within five years, as well as high quality bank paper. For more information please see the Bond Fact Sheet
Equity Portfolio	The One Equity Portfolio, launched in 2007, is the only opportunity for Ontario municipalities to invest long-term infrastructure funds in the equity market. Since inception the One portfolio has outperformed the major Canadian stock indices, and should outperform all other investment vehicles available to the sector in the longer term. For more information, please see the Equity Fact Sheet and Equity Portfolio Benchmark Structure Sheet.
UCB Portfolio	This newer One portfolio, launched in the summer of 2008, allows municipalities to invest in highly rated corporate bonds maturing in the 5 to 10 year range, thereby providing higher returns than government bonds for longer-term deposits. This investment type is only available to Ontario municipalities through the One Program. This Fund is intended for investments of 4-10 years. For more information, please see the Corporate Bond Fact Sheet
Balanced Portfolio	New in Spring 2010 – This portfolio will offer controlled access to all existing One investment portfolios, including equities, and will provide greater return opportunity over longer investment terms. Portfolio investment guidelines will be frequently reviewed and analyzed by our portfolio managers.