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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 

Michigan CLASS Investment Options

Built for Your Daily Liquidity Needs

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*

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Participant-to-Participant Transfers 

Initiate transfers to other taxing entities with a Michigan CLASS account

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Unlimited Subaccounts 

Establish as many dedicated subaccounts as you need

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Future Dated Transactions 

Enter future-dated transactions to ensure timely release of funds

Convenient Online Access 

Securely access your account from anywhere, 24/7
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Use Michigan CLASS During Tax Time 

Conveniently set up tax subaccounts for tax season 

Michigan CLASS Portfolio Characteristics

Portfolio Type 

Prime-style 
Everyday fund for liquid investments 

Rating 

‘AAAm’
Rated by S&P Global Ratings 

Liquidity  

Daily 
Same-day liquidity available (3:00 p.m. ET cut-off)  

NAV Type 

Stable NAV
Traditional stable $1.00 NAV

WAM 

≤ 60 days   
Weighted average maturity of 60 days or less  

Dividend Rate 

Reinvest Daily
Dividends apply and are reinvested daily  

Minimum Investment

None 
Enjoy no investment minimum or maximum 

Accounts 

Unlimited 
Create as many Michigan CLASS subaccounts as your entity needs  

Reporting 

Accessible in Portal 
Conveniently access your monthly statement, transaction confirmations, and on-demand reports

Michigan CLASS Portfolio as of July 4, 2022

Daily Yield (%) 1.5012
YTD Yield (%) 0.4870
7-Day Yield (%) 1.4980
30-Day Yield (%) 1.2045
Weighted Average Maturity (To Reset) 37
Weighted Average Maturity (To Final) 72
Daily Dividend 0.000041128
Net Asset Value (NAV) 0.99927832

Historical Yields

How Much Could You Have Earned With Michigan CLASS?

You would have earned

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on your investment if you started on

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Yields Disclaimer

Michigan CLASS Documents

GET STARTED WITH MICHIGAN CLASS

Michigan CLASS Information Statement

Michigan CLASS Investment Policy

Michigan CLASS S&P Profile

Common FAQs

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. 

Recent Insights for Investors

Investing in Michigan CLASS is Easy!

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.