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