Questions & Answers

General Questions

  • What are the investment objectives of Michigan CLASS?

    1. 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.
    2. Liquidity: managing portfolio investments to ensure that cash will be available as required to finance Participants’ operations.
    3. Yield: maximizing current income to the degree consistent with legality, safety, and liquidity.
  • Who oversees Michigan CLASS?

  • The Michigan CLASS Board of Trustees (the Board) oversees the investments made on behalf of the Participants. The Board consists of thirteen active members of the pool who are elected by the Participants for staggered terms. The Board approves the program’s investment parameters which must additionally fall within the investment stipulations mandated under Michigan statute for the investment of surplus funds of the Participants. Currently, the Board retains the services of Public Trust Advisors, LLC (Public Trust) located in Denver, CO. Public Trust serves as the Administrator and Investment Advisor.

  • Who is eligible to use Michigan CLASS?

  • Participation in Michigan CLASS is available to any county, city, village, township, school district, authority, the state of Michigan, or any other political subdivision organized under the laws of the state of Michigan. To join, such public agencies need to execute an authorizing resolution joining the Participation Agreement and provide a certified copy of such resolution to the Administrator.  Pursuant to applicable state law, Public Trust Advisors, LLC will review each entity’s investment policy and return the appropriate acknowledgment.

  • How can you participate in Michigan CLASS?

  • Enrolling in Michigan CLASS is simple. Any of the entity types listed in the answer above may join Michigan CLASS as a Participant and take advantage of the investment program.

    To join Michigan CLASS, please take the following steps:

    1. Submit your investment policy to the Program Administrator for review.
    2. Adopt the Michigan CLASS Participation Agreement by passing a board resolution authorizing participation in Michigan CLASS.
    3. Complete the Trust Registration Form.
    4. Submit the above documents via fax to (855) 381-0496 or email to
  • Is Michigan CLASS rated?

  • Michigan CLASS is rated ‘AAAm’ by S&P Global Ratings Services, the highest rating assigned to principal stability government investment pools. This rating reflects the conservative nature of the pool’s investments as well as the excellent credit quality of the program. S&P Global Ratings monitors the pool on a weekly basis.

    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. Ratings are subject to change and do not remove credit risk.

  • What types of securities does Michigan CLASS invest in?

  • Michigan CLASS invests solely in securities that are both permitted by Michigan law and adhere to the Michigan CLASS Investment Policy.

    Pursuant to direction by the Board and in conformance with applicable Michigan laws governing investment options for Participants, funds of the Participants are invested in high quality, short-term, fixed-income instruments selected to provide for program safety, liquidity, and competitive rates of return. A complete list of eligible investments is available in the Michigan CLASS Investment Policy located in the Document Center.

  • What is the minimum requirement for investing in Michigan CLASS?

  • There is no minimum investment amount for Michigan CLASS.

  • What are the business hours at Michigan CLASS?

  • The Michigan CLASS offices are open Monday through Friday from 8:00 a.m. until 5:00 p.m. ET. Please consult the Client Services Page for Michigan CLASS office closures.

  • What transaction fees does Michigan CLASS charge?

  • Michigan CLASS does not charge any transaction fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we recommend checking with a representative at your bank to discuss the potential costs.

Managing My Account

  • What are the daily cut-off times for transactions?

  • Transactions (withdrawals, contributions, transfers) conducted via MYACCESS, telephone, or fax must be submitted by 3:00 p.m. ET for same-day processing.

  • For a next-day ACH, what is the cut-off time?

  • Next-day ACH requests must be received by 3:00 p.m. ET (24 hours in advance).

  • What is the difference between a Wire and an ACH?

  • Wires are funds transferred via the Federal Reserve Wire System and can be processed and received by your beneficiary bank on the same day if the transaction is requested prior to the 3:00 p.m. ET cut-off. ACHs (Automated Clearing House) are processed overnight and are generally available to the beneficiary bank one business day after the transaction request has been made.

  • What are the fees associated with Wires/ACHs?

  • Michigan CLASS does not charge any banking fees to its Participants. However, your receiving bank may have wiring fees and/or incoming ACH fees, therefore we  recommend always checking with a representative at your bank to discuss the potential costs.

  • Are the banking instructions different for a Wire or an ACH?

  • Many banking institutions have separate ABA/Routing Numbers depending on whether the transactions are being processed via Wire or ACH. Please contact your local banking representative to ensure that you are providing Michigan CLASS Client Services with the appropriate account information. The instructions to send money into Michigan CLASS can be found in MYACCESS.

  • What are the limits on the number of transactions?

  • Michigan CLASS does not limit the number of transactions Participants can do.

  • Does Michigan CLASS limit the number of subaccounts a Participant can have?

  • Michigan CLASS does not limit the number of subaccounts Participants can have.

  • When are the Michigan CLASS monthly statements delivered?

  • Michigan CLASS monthly statements are available in the reporting section of MYACCESS on the first business day of the month.

  • How do I update those individuals who are authorized on my Michigan CLASS account?

  • Please fill out the Signatory Amendment Form which is available in the forms section within MYACCESS.

  • How do I amend those individuals who receive account correspondence such as monthly statements or transaction confirmations?

  • These changes can be made in writing to

  • How do I add or remove bank instructions on my Michigan CLASS account?

  • Please fill out the Bank Amendment Form which is available in the forms section within MYACCESS.


  • What is Michigan CLASS MYACCESS?

  • MYACCESS is a secure, Internet-based transaction system that allows registered Michigan CLASS Participants to self-manage their Michigan CLASS investments. MYACCESS is available 24/7, 365 days a year.

  • What functions can MYACCESS perform?

  • MYACCESS allows Participants to make contributions, withdrawals, and transfers between subaccounts as well as to other approved Michigan CLASS Participants. Users can pre-date important transactions, ensuring that they are handled reliably and avoiding unfortunate timing issues or cash access emergencies. Reporting features available in MYACCESS include access to monthly statements, transaction confirmations, and details highlighting past, present, and future dated transactions.

  • How does a Michigan CLASS Participant receive a login for MYACCESS?

  • In order to obtain a MYACCESS online account, Michigan CLASS Participants may call Client Services at (855) 382-0496 or email

  • How long does it take to receive login credentials for MYACCESS?

  • All new usernames and passwords are system generated and will arrive via email one day after the request is made.