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

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Historical Rates

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Michigan CLASS
Apr 2024

Date Daily Yield (%) YTD Yield (%) 7-Day Yield (%) 30-Day Yield (%) WAM Days to Reset WAM Days to Final Daily Dividend Net Asset Value (NAV)
04/21 5.3948 5.4538 5.3947 5.3970 27 84 0.000147399 0.99973294
04/20 5.3948 5.4544 5.3943 5.3975 28 85 0.000147399 0.99979657
04/19 5.3948 5.4549 5.3939 5.3979 28 86 0.000147398 0.99986020
04/18 5.3935 5.4555 5.3935 5.3984 28 85 0.000147364 0.99986030
04/17 5.3930 5.4560 5.3931 5.3989 28 82 0.000147348 0.99985980
04/16 5.3986 5.4566 5.3925 5.3994 28 82 0.000147503 0.99985634
04/15 5.3934 5.4572 5.3912 5.3996 29 82 0.000147361 0.99985540
04/14 5.3919 5.4578 5.3908 5.4001 29 80 0.000147320 0.99972248
04/13 5.3919 5.4584 5.3914 5.4005 30 81 0.000147320 0.99978773
04/12 5.3919 5.4591 5.3919 5.4011 30 82 0.000147320 0.99985298
04/11 5.3908 5.4597 5.3925 5.4018 31 81 0.000147289 0.99985271
04/10 5.3887 5.4604 5.3937 5.4024 31 81 0.000147231 0.99986892
04/09 5.3899 5.4611 5.3958 5.4032 31 80 0.000147266 0.99987269
04/08 5.3906 5.4618 5.3985 5.4040 32 79 0.000147284 0.99987568
04/07 5.3958 5.4626 5.3976 5.4048 32 80 0.000147427 0.99974961
04/06 5.3958 5.4633 5.3984 5.4054 33 80 0.000147427 0.99981722
04/05 5.3958 5.4640 5.3992 5.4062 33 81 0.000147427 0.99988483
04/04 5.3994 5.4647 5.4001 5.4071 34 82 0.000147526 0.99988820
04/03 5.4034 5.4654 5.4004 5.4079 34 82 0.000147634 0.99989264
04/02 5.4085 5.4660 5.3999 5.4088 36 82 0.000147772 0.99989778
04/01 5.3841 5.4667 5.3989 5.4098 35 81 0.000147106 0.99990147
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Performance

Annualized as of December 31, 2023

Time Period Michigan CLASS Michigan CLASS EDGE
Inception Date 2/3/2014 12/20/2021
1 year 5.4642% 5.2529%
3 years 2.3895% N/A
5 years 2.0352% N/A
10 years N/A N/A
Since Inception 1.4236% 3.3809%
Benchmark(s) 1 year 3 year 5 year 10 year
ICE BofA US 3-Month Treasury Index 5.0155% 2.1518% 1.8789% 1.2508%
ICE BofA US 6-Month Treasury Bill Index 5.1450% N/A N/A N/A


Data unaudited. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings. 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 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, it cannot guarantee it will do so. Please review the Michigan CLASS Information Statement(s) located in the Document Center before investing. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.

The ICE BofA ML 3-Month T-Bill Index is an unmanaged index that measures the returns of three-month U.S. Treasury Bills. The ICE BofA ML 6-Month T-Bill Index is an unmanaged index that measures the returns of six-month U.S. Treasury Bills.

Investors cannot purchase the index directly. Fees will reduce returns.

Explanation of Yields