Ancillary Governmental Participant Investment Program (AGPIP)

North Carolina Department of State Treasurer (NCDST) has established an Ancillary Governmental Participant Investment Program, as authorized by North Carolina law, to help ensure your investments benefit from low cost professional management. NCDST has leveraged our existing relationship with BlackRock to offer two new funds in the program: a Bond Index Fund (BIF) and an Equity Index Fund (EIF). In addition, the Short Term Investment Fund (STIP) managed internally by NCDST is available in the program. You’ll have the opportunity to select and designate an allocation among the investment funds, based on your current investment authority.

The following funds or entities are among those eligible to invest in the AGPIP Funds:

  • The specific funds listed in N.C.G.S. § 147-69.2(a), and
  • Unless a specific statute indicates otherwise:
    • Any official, board or commission of the State of North Carolina
    • Any local government of the State of North Carolina
    • Any other public authority of the State of North Carolina
    • Any school administrative unit, local ABC board, or community college of the State of North Carolina