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Prime-style local government investment pool
Enhanced cash local government investment pool
How much could you have earned with California CLASS Prime?
Getting started is easy; join today and start earning tomorrow!
California CLASS is a Joint Powers Authority investment pool that provides public agencies the opportunity to invest funds on a cooperative basis in rated pools that are managed in accordance with state law with the primary objectives of offering Participants safety, daily and next-day liquidity, and optimized returns.
“California CLASS was created in response to a growing demand by California public agencies for transparent investment options that are governed by a Board of their peers. Operating with the best interests of the Participants in mind, the fund is an investment option and diversification tool for your short-term and medium-term investments. California CLASS offers a safety-first investment management option with transparent program governance.”
– Christina Turner, Chairperson of the California CLASS Board of Trustees
Comprised of public finance officials with diverse skill sets, experiences, and backgrounds to better guide the portfolio(s) investments.
Christina Turner
Board Chair
Ryan Clausnitzer
Vice Chairperson
George Harris
Treasurer
Margaret Moggia
Board Secretary
Kevin Phillips
| Daily Yield (%) | 4.7599 |
|---|---|
| YTD Yield (%) | 5.3337 |
| 7-Day Yield (%) | 4.7649 |
| 30-Day Yield (%) | 4.9039 |
| Weighted Average Maturity (To Reset) | 24 |
| Weighted Average Maturity (To Final) | 66 |
| Daily Dividend | 0.000130052 |
| Net Asset Value (NAV) | 1.00006566 |
California CLASS PRIMEAn option for your every-day funds, the PRIME fund is a stable $1.00 NAV local government investment pool that offers daily liquidity. Investments are made in accordance with California State Code and include U.S. Agencies and Treasuries, commercial paper, collateralized bank deposits, money market funds, and more.
California CLASS Enhanced Cash Enhanced Cash is a variable NAV fund that is managed to approximate a $10.00 per share and offers next-day liquidity. Complement your current investments with Enhanced Cash by gaining exposure to a diversified portfolio of high-quality securities for your local government’s investment needs. Enhanced Cash is best suited for non-operating dollars and strategic reserves that a public agency would not anticipate withdrawing for 12-18 months. California CLASS Enhanced Cash is designed for investors with slightly longer investment horizons and the ability to tolerate a higher risk profile.
California CLASS provides public agencies of all types the opportunity to pool their funds together with the goal of collectively earning interest on investments. Our philosophy is to provide competitive returns while prioritizing safety and liquidity. With two portfolios designed to meet your cash management needs, California CLASS provides a comprehensive approach to the management of your funds. Joining is simple; click the button below to get started today!
October 2024 Economic Review U.S. inflation, as measured by the Consumer Price Index (CPI), showed mixed results in its most recent September reading. Both core inflation (which excludes volatile food
September 2024 Economic Review The September FOMC meeting resulted in a half-point interest rate cut, the first rate reduction since March 2020, that lowered the federal funds rate to between
August 2024 Economic Review All eyes are on the Fed as investors wait to see whether the U.S. central bank will cut interest rates in September after years of elevated
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. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses. For more information on historical yields and performance, please click here.
