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Prime-style local government investment pool
Enhanced cash local government investment pool
Current and historical rate information
A monthly breakdown of the Michigan CLASS portfolio
Getting started is easy; join today and start earning tomorrow!
Michigan CLASS is a stable $1.00 NAV local government investment pool offering daily liquidity that is better suited for your everyday funds. Michigan CLASS strives to earn a competitive rate of return while maintaining liquidity and preserving capital. With Michigan CLASS, you’ll enjoy these features:
Unlimited Transactions, No Fees
No limit on transactions and no transaction fees*
Participant-to-Participant Transfers
Initiate transfers to other taxing entities with a Michigan CLASS account
Unlimited Subaccounts
Establish as many dedicated subaccounts as you need
Future Dated Transactions
Enter future-dated transactions to ensure timely release of funds
Convenient Online Access
Use Michigan CLASS During Tax Time
Conveniently set up tax subaccounts for tax season
Prime-style
Everyday fund for liquid investments
‘AAAm’
Rated by S&P Global Ratings**
Daily
Same-day liquidity available (3:00 p.m. ET cut-off)
Stable NAV
Traditional stable $1.00 NAV
≤ 60 days
Weighted average maturity of 60 days or less
Reinvest Daily
Dividends apply and are reinvested daily
None
Enjoy no investment minimum or maximum
Unlimited
Create as many Michigan CLASS subaccounts as your entity needs
Accessible in Portal
Conveniently access your monthly statement, transaction confirmations, and on-demand reports
Daily Yield (%) | 4.7592 |
---|---|
YTD Yield (%) | 5.3232 |
7-Day Yield (%) | 4.7743 |
30-Day Yield (%) | 4.8866 |
Weighted Average Maturity (To Reset) | 36 |
Weighted Average Maturity (To Final) | 85 |
Daily Dividend | 0.000130032 |
Net Asset Value (NAV) | 1.00005822 |
Safety: minimizing risk by managing portfolio investments so as to preserve principal and maintain a stable net asset value and to maintain the highest rating for the pool from a nationally recognized statistical rating organization for so long as such rating is required by Michigan law.
Liquidity: managing portfolio investments to ensure that cash will be available as required to finance Participants’ operations.
Yield: maximizing current income to the degree consistent with legality, safety, and liquidity.
There is no minimum investment amount for the Michigan CLASS portfolio.
Yes, Michigan CLASS seeks to maintain a stable $1.00 per share NAV. This is accomplished through conservative investment practices and strict internal controls.
For risks associated with investing in a prime-style local government investment pool, please click here.
Enhance your ability to manage your assets more efficiently and effectively while prioritizing safety and liquidity. Our team of investment professionals are here to assist you every step of the way.
*You may incur fees associated with wires and/or ACH transactions by your bank, but there will be no fees charged from Michigan CLASS for such transactions.**Michigan CLASS is rated ‘AAAm’ by S&P Global Ratings. A ‘AAAm’ rating by S&P Global Ratings is obtained after S&P evaluates a number of factors including credit quality, market price exposure, and management. For a full description on rating methodology, please visit www.spglobal.com.
Data unaudited. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Ratings are subject to change and do not remove credit risk. Michigan CLASS is not a bank. An investment in Michigan CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Michigan CLASS prime-style fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. Please review the Michigan CLASS Information Statement(s) located in the Document Center before investing. For more information on historical yields, please click here. For risks associated with investing in both a prime-style and enhanced cash-style local government investment pool, please click here. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.