STIP maintains a STIP Reserve account. By policy, the STIP Reserve Account may be used to offset realized gains or losses. Additionally, the reserve will be available to offset unrealized gains or losses, or to limit fluctuations in the net asset value (NAV), to the extent deemed prudent by Staff.
A deduction from STIP earning will occur while the amount of the reserve is below 1.15% of the NAV.
To view the monthly STIP Reserve Account Balance, STIP Reserve factor and daily earnings deduction, click here.