Michigan CLASS is a stable $1.00 NAV local government investment pool offering daily liquidity that is best suited for your everyday funds. Use Michigan CLASS 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*
Initiate transfers to other taxing entities with a Michigan CLASS account
Establish as many dedicated subaccounts as you need
Everyday fund for liquid investments
Rated by S&P Global Ratings
Same-day liquidity available (3:00 p.m. ET cut-off)
Traditional stable $1.00 NAV
≤ 60 days
Weighted average maturity of 60 days or less
Dividends apply and are reinvested daily
Enjoy no investment minimum or maximum
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 (%)||5.4185|
|YTD Yield (%)||4.9643|
|7-Day Yield (%)||5.4050|
|30-Day Yield (%)||5.3879|
|Weighted Average Maturity (To Reset)||48|
|Weighted Average Maturity (To Final)||58|
|Net Asset Value (NAV)||0.99981344|
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.
Enhance your ability to manage your assets more efficiently and effectively while maintaining 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. 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. 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. Ratings are subject to change and do not remove credit risk. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.