Michigan CLASS

Prime-style local government investment pool 

Enhanced cash local government investment pool 

Current and historical rate information

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A monthly breakdown of the Michigan CLASS portfolio

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Historical Rates

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Michigan CLASS
May 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)
05/19 5.3826 5.4413 5.3834 5.3915 25 81 0.000147066 0.99976504
05/18 5.3826 5.4417 5.3834 5.3919 25 82 0.000147066 0.99982230
05/17 5.3826 5.4422 5.3834 5.3922 26 83 0.000147066 0.99987956
05/16 5.3859 5.4426 5.3834 5.3926 26 85 0.000147155 0.99986691
05/15 5.3837 5.4430 5.3831 5.3930 26 85 0.000147094 0.99986165
05/14 5.3837 5.4435 5.3834 5.3933 26 84 0.000147095 0.99986148
05/13 5.3828 5.4439 5.3842 5.3936 26 84 0.000147070 0.99986684
05/12 5.3825 5.4444 5.3850 5.3939 25 82 0.000147063 0.99974669
05/11 5.3825 5.4448 5.3865 5.3942 26 83 0.000147063 0.99980405
05/10 5.3825 5.4453 5.3880 5.3945 26 84 0.000147063 0.99986140
05/09 5.3842 5.4458 5.3894 5.3947 26 84 0.000147109 0.99987668
05/08 5.3853 5.4463 5.3916 5.3949 26 84 0.000147140 0.99987376
05/07 5.3894 5.4467 5.3939 5.3951 26 84 0.000147251 0.99987195
05/06 5.3886 5.4472 5.3932 5.3953 26 83 0.000147231 0.99987840
05/05 5.3928 5.4477 5.3957 5.3955 26 83 0.000147345 0.99975416
05/04 5.3928 5.4481 5.3971 5.3956 27 84 0.000147345 0.99981312
05/03 5.3924 5.4486 5.3985 5.3958 27 85 0.000147333 0.99987208
05/02 5.3996 5.4490 5.4000 5.3962 26 84 0.000147529 0.99987248
05/01 5.4017 5.4494 5.4003 5.3965 25 84 0.000147587 0.99986566
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Performance

Annualized as of March 31, 2024

Time Period Michigan CLASS Michigan CLASS EDGE
Inception Date 2/3/2014 12/20/2021
1 year 5.6755% 5.3602%
3 years 2.8515% N/A
5 years 2.1852% N/A
10 years 1.5489% N/A
Since Inception 1.5247% 3.5718%
Benchmark(s) 1 year 3 year 5 year 10 year
ICE BofA US 3-Month Treasury Index 5.2428% 2.5815% 2.0187% 1.3796%
ICE BofA US 6-Month Treasury Bill Index 5.2195% 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