Part icipant s
benefit
from
t he
following:
-
Same-day
availability
of
funds
in
Prime
Fund
(11:00
a.m.
PT
cut-off)
-
Deposits
by
wire
or
ACH
-
Ratings
of
'AAAm'
&
'AAAf/S1'
-
Prime
fund
transacts
at
stable
NAV
-
Portfolio
securities
marked-to-market
daily
-
Secure
online
access
for
transactions
and
account
statements
-
No
withdrawal
notices
for
Prime
Fund
-
Participant-to-Participant
transactions
-
Interest
accrues
daily
and
pays
monthly
-
No
maximum
contributions
-
No
minimum
balance
requirements
-
No
transaction
fees*
-
Annual
audit
conducted
by
independent
auditing
firm**
-
Dedicated
client
service
representatives
available
via
phone
or
email
on
any
business
day
*You
may
incur
fees
associated
with
wires
and/or
ACH
transactions
by
your
bank,
but
there
will
be
no
transaction
fees
charged
from
California
CLASS
for
such
transactions.
**External
audits
may
not
catch
all
instances
of
accounting
errors
and
do
not
provide
an
absolute
guarantee
of
accuracy.
California
Cooperative
Liquid
Assets
Securities
System
What
is
California
CLASS?
California
Cooperative
Liquid
Assets
Securities
System
(California
CLASS)
is
a
joint
exercise
of
powers
entity
authorized
under
Section
6509.7,
California
Government
Code.
California
CLASS
is
a
pooled
investment
option
that
was
created
via
a
joint
exercise
of
powers
agreement
by
and
among
California
public
agencies.
California
CLASS
offers
public
agencies
a
convenient
method
for
investing
in
highly
liquid,
investment-grade
securities
carefully
selected
to
optimize
interest
earnings
while
maximizing
safety
and
liquidity.
The
California
CLASS
Prime
and
Enhanced
Cash
funds
offer
public
agencies
the
opportunity
to
strengthen
and
diversify
their
cash
management
programs
in
accordance
with
the
safety,
liquidity,
and
yield
hierarchy
that
provides
the
framework
for
the
investment
of
public
funds.
How
is
it
governed
and
managed?
California
CLASS
is
overseen
and
governed
by
a
Board
of
Trustees.
The
Board
is
made
up
of
public
agency
finance
professionals
who
participate
in
California
CLASS
and
are
members
of
the
Joint
Powers
Authority
(JPA).
The
Board
of
Trustees
has
entered
into
an
Investment
Advisor
and
Administrator
Agreement
with
Public
Trust
Advisors,
LLC.
Public
Trust
is
responsible
to
the
Board
for
all
program
investment
and
administrative
activities
as
well
as
many
of
the
services
provided
on
behalf
of
the
Participants.
How
can
we
participate?
Enrolling
in
California
CLASS
is
simple.
Public
agencies
may
become
Participants
simply
by
filling
out
the
Participant
Registration
Form
that
can
be
found
in
the
document
center
on
the
California
CLASS
website.
Public
agencies
may
submit
the
completed
registration
packet
to
California
CLASS
Client
Services
for
processing
at
[email protected]
.
To
obtain
account
forms
and
fund
documents,
visit
www.
c
aliforniaclass.com/document-center/
.
T
(877)
930-5213
|
F
(877)
930-5241
|
www.
californiaclass.com
|
clientservices@c
a
liforniaclass.com
Endorsed
By:
www.calcities.org
www.csda.net
What
are
the
objectives
of
California
CLASS?
Have
Quest ions?
Contact
us
or
visit
www.c
a
liforniaclass.com
for
more
information.
Safety
The
primary
investment
objective
of
the
California
CLASS
Prime
fund
is
preservation
of
principal.
Both
California
CLASS
portfolios
are
managed
by
a
team
of
investment
professionals
who
are
solely
focused
on
the
management
of
public
funds
nationwide.
The
custodian
for
California
CLASS
is
U.S.
Bank,
N.A.
Liquidity
When
you
invest
in
the
California
CLASS
Prime
fund,
you
have
access
to
your
funds
on
any
business
day.
You
must
notify
California
CLASS
of
your
funds
transaction
requests
by
11:00
a.m.
PT
via
the
internet
or
phone.
There
are
no
withdrawal
notices
for
the
daily-liquid
California
CLASS
Prime
fund.
Enhanced
Cash
is
a
variable
NAV
fund
that
provides
next-day
liquidity
and
a
one-day
notification
of
withdrawal.
Competitive
Returns
California
CLASS
strives
to
provide
competitive
returns
while
adhering
to
the
objectives
of
safety
and
liquidity.
Participants
benefit
from
the
investment
expertise
and
institutional
knowledge
provided
by
the
team
of
Public
Trust
professionals.
Portfolio
performance
is
strengthened
by
the
extensive
knowledge
of
California
public
agency
cash
flows
that
the
Public
Trust
team
possesses.
Ease
of
Use
To
make
cash
management
streamlined
and
efficient,
California
CLASS
includes
many
features
that
make
it
easy
to
access
account
information
and
simplify
record
keeping.
Participants
can
transact
on
any
business
day
using
the
California
CLASS
phone
number
(877)
930-5213,
fax
number
(877)
930-5214,
email
or
via
the
California
CLASS
Online
Transaction
Portal
at
www.
c
aliforniaclass
.com
.
Flexibility
You
may
establish
multiple
California
CLASS
subaccounts.
You
will
receive
comprehensive
monthly
statements
that
show
all
of
your
transaction
activity,
interest
accruals,
and
rate
summaries.
These
statements
have
been
specifically
designed
to
facilitate
public
sector
fund
accounting
and
to
establish
a
clear
accounting
and
audit
trail
for
your
records.
Legality
California
CLASS
only
invests
in
securities
permitted
by
California
State
Code
Section
53601;
permitted
investments
are
further
restricted
to
those
approved
by
the
Board
of
Trustees
as
set
forth
in
the
California
CLASS
Investment
Policies.
Any
financial
and/or
investment
decision
should
be
made
only
after
considerable
research,
consideration,
and
involvement
with
an
experienced
professional
engaged
for
the
specific
purpose.
Past
performance
is
not
an
indicat ion
of
fut ure
performance.
Any
financial
and/or
invest ment
decision
may
incur
losses.
Please
see
the
Information
Statement
for
further
details
on
the
fee
calculation
and
other
key
aspects
about
California
CLASS.
California
CLASS
Prime
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
.
California
CLASS
Enhanced
Cash
is
rated
by
'AAAf/S1'
by
FitchRatings.
The
?AAAf?
rating
is
Fitch?s
opinion
on
the
overall
credit
profile
within
a
fixed-income
fund/portfolio
and
indicates
the
highest
underlying
credit
quality
of
the
pool?s
investments.
The
?S1?
volatility
rating
is
Fitch?s
opinion
on
the
relative
sensitivity
of
a
portfolio?s
total
return
and/or
net
asset
value
to
assumed
changes
in
credit
spreads
and
interest
rates.
The
?S1?
volatility
rating
indicates
that
the
fund
possesses
a
low
sensitivity
to
market
risks.
For
a
full
description
on
rating
methodology,
please
visit
www.fitchratings.com
.
Ratings
are
subject
to
change
and
do
not
remove
credit
risk.
T
(877)
930-5213
|
F
(877)
930-5241
|
www.
californiaclass.com
|
clientservices@c
a
liforniaclass.com
Bob
Shull
Director,
Investment
Services
[email protected]
(213)
378-2070
Laura
Glenn,
CFA
®
Senior
Director,
Investment
Services
l
[email protected]
(404)
822-8287
Brent
Turner
Regional
Director
of
Strategy
brent.turner@c
aliforniaclass.com
(303)
999-8190
Rodrigo
Bettini
Director,
Investment
Services
[email protected]
(813)
820-0703