About the Fund

Since 1984, MSDLAF+ has served the investment and arbitrage compliance needs of Minnesota school districts. The investment options offered to school districts through MSDLAF+ are the Pool and individual portfolios. Arbitrage rebate compliance services are available for bond proceeds invested through the Fund.

All public school entities and districts of every kind organized under the laws of the State of Minnesota may participate in MSDLAF+. MSDLAF+ Investors must be members in good standing with the Minnesota School Boards Association. For details, see our Information Statement or contact a Fund Representative.

Upcoming Educational Webinar

Join us on March 18, 2026 for our complimentary educational webinar, Confident Compliance: Arbitrage Rebate Insights for LGIP Investors. This one-hour session will cover the basics of arbitrage rebate and yield restriction compliance concepts.

Click here to register.

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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 seeks 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 U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Fund. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.