The Arizona State Treasurer's Office pursuant to A.R.S. 35-314.03 has established the Arizona Endowment Trust Fund for state agencies, political subdivisions and tribal nations. The Arizona Endowment is an investment vehicle for longer term participant objectives. Participants that open an account will receive shares in the Arizona Endowment based on the value of the shares at the time of purchase. The participant’s investment will be co-mingled with other participants, similar to other investment pools offered by the ASTO.