Michigan CLASS

Prime-style local government investment pool 

Enhanced cash local government investment pool 

Current and historical rate information

A comprehensive introduction to the different Michigan CLASS portfolios 

A monthly breakdown of the Michigan CLASS portfolio

Get to know our diverse and experienced public finance officials who oversee the program
Our administrator, auditor, custodian, and legal counsel
Enrollment documents, prospectuses, and financials 
Updates, newsletters, and special reports
Upcoming Board meetings, holidays, events, and conferences
Answers to commonly asked questions about Michigan CLASS

Getting started is easy; join today and start earning tomorrow!

Contact our investment professionals who can provide you with information about the program 
Assistance with your accounts and answers to your Michigan CLASS questions
Local Community Stabilization Authority and Michigan CLASS Partnership 

Announcing Michigan CLASS EDGE: Our Newest Product Offering

The Michigan CLASS Board of Trustees is pleased to announce the formation of a new portfolio, Michigan CLASS EDGE. Through collaboration, the Board of Trustees and Public Trust Advisors have worked diligently to create this new investment product for you. For the past thirty years, Michigan public agencies have come to enjoy the Michigan CLASS stable $1.00 Net Asset Value (NAV) portfolio. Now, Michigan CLASS is excited to provide its Participants with a new investment option that seeks to offer an enhanced rate of return through the investment in securities with a maturity range beyond that of current liquidity options.

Michigan CLASS is governed by a Board of Trustees comprised of eligible Participants of the program, fostering an environment that is uniquely responsive to Participant needs. Given the unprecedented low-interest rate conditions at hand, the Board set out to develop a portfolio designed to complement the daily liquidity of the existing Michigan CLASS portfolio. The Board is proud to offer EDGE as an additional option for political subdivisions interested in further expanding their investment management strategy.

The objective of Michigan CLASS EDGE is to provide Participants the opportunity to earn a higher rate of return on their investments by investing farther out on the yield curve. Stable $1.00 NAV portfolios generally require a weighted average maturity (WAM) of 60 days or less and a weighted average life (WAL) of 120 days or less; because enhanced cash funds incorporate medium-duration securities that seek to generate a higher rate of return, they generally are managed to a variable NAV per share, in this case represented by a $10.00 per share NAV. EDGE is designed for investors with slightly longer investment horizons and the ability to tolerate a higher risk profile.

Michigan CLASS EDGE is rated ‘AAAf/S1’ by FitchRatings which generally speaks to the overall credit quality of the portfolio’s holdings. 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.

Michigan CLASS is proud to offer EDGE to Participants and all Michigan public agencies and looks forward to serving them with the same reliable customer service experience that they have come to expect. We are pleased to offer two investment options that complement each other, creating an enhanced investment program for your funds. If you would like to learn more about how to invest in Michigan CLASS EDGE, please contact us.

Edward J. Sell Jr.


Michigan CLASS Board of Trustees



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. All comments and discussions presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. The information presented should not be used in making any investment decisions. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. 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. 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 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, they cannot guarantee they will do so. For risks associated with investing in prime-style, government-style, and enhanced cash-style local government investment pools, please click here. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses. For a full description on rating methodology, please visit www.fitchratings.com.