An investment fund with the State Treasurer consisting of investments in obligations and other debt securities including debt securities convertible into other securities. The enabling legislation for this fund is from G.S. 147-69.2(b)(6c) authorizing alternative investments up to $100,000,000 not exceeding 5% of the market value of all invested assets of the Retirement Systems. For year-end GAAP financial reporting, this account is classified with the pooled investment fund accounts of the State Treasurer.