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IMPORTANT MESSAGE: Due to the Good Friday Holiday, the Fund will be closed on Friday, April 18, 2014.

 
The Minnesota School District Liquid Asset Fund Plus ("MSDLAF+" or the "Fund") is a comprehensive cash management program created in 1984 by the adoption of a Declaration of Trust by three Minnesota School Districts - the initial investors. The Fund was established for the purpose of allowing Minnesota public school entities and districts (collectively "school districts") to pool their investment funds to seek the highest possible investment yield, while maintaining liquidity and preserving capital.

Investments designed for Minnesota school districts 

MSDLAF+ provides investments tailored to the specific needs of school districts, investing only in instruments permitted under Minnesota statutes. Investors may invest in:

MSDLAF+ Portfolio This investment stresses "safety of principal" as its #1 objective - a fact underscored by its AAAm* rating from Standard and Poor's. This professionally managed portfolio offers two share classes:

  • Liquid Class, designed for flexibility and liquidity, provides unlimited check writing privileges; and
  • MAX Class, which offers a competitive money market rate but comes with some restrictions

MSDLAF+ Term This fixed rate investment offers terms from 60 days to one year, and is designed to match the cash flow requirements of Investors with the cash flows from the portfolio.

Specialized service options 

MSDLAF+ Investors also have access to a range of additional products authorized by the Board of Trustees and administered by PFM Asset Management LLC ("PFMAM"), the Investment Adviser of the Fund.

Distinctive structure, specialized focus 

MSDLAF+'s structure differs from that of its competitors, enabling the Fund to offer services exclusively to Minnesota school districts. These attributes set MSDLAF+ apart:

  • MSDLAF+ is the only investment program sponsored by the Minnesota School Boards Association, the Minnesota Association of School Administrators, and the Minnesota Association of School Business Officials (collectively "Sponsoring Associations").
  • MSDLAF+ is owned and operated by the Fund's Investors, ensuring that the Fund remains focused on the particular needs of Minnesota school district investors.
  • The Fund's Investors elect members of the Board of Trustees to govern MSDLAF+ - a board that includes Investors of the Fund and representatives of the Sponsoring Associations.
  • The Board of Trustees is responsible for overall management of the Fund, including formulation and implementation of investment and operating policies.

The MSDLAF+ Board selects various professional organizations to provide services to the Fund.

For More Information 

To find out more about how MSDLAF+ can meet your needs, please call a Fund Representative 
at 1-888-4-MSDLAF or 1-717-724-4997. 

 

*Standard & Poor’s fund ratings are based on analysis of credit quality, market price exposure, and management.  According to Standard & Poor’s rating criteria, AAAm and AAAf ratings signify excellent safety of investment principal and a superior capacity to maintain a $1.00 per share net asset value.  However, it should be understood that the ratings are not “market” rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Standard & Poor’s website  
(http://www.standardandpoors.com/ratings/funds-main/en/us). 

 

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Fund's series. This and other information about the Fund's series is available in the Fund's current Information Statement, which should be read carefully before investing. A copy of the Fund's Information Statement may be obtained by calling 1-888-4-MSDLAF or is available on the Fund's website at www.msdlaf.org. While the MSDLAF+ Liquid Class and Max Class seek to maintain a stable net asset value of $1.00 per share and the MSDLAF+ TERM series seek to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Fund are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.  


 

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