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California Special Districts Association 
League of California Cities 

California CLASS Surpasses $1 Billion Milestone in Assets

Offering California Public Agencies Additional Investment Opportunities  

Sacramento, California, February 6, 2024 – California CLASS, California’s newest joint powers authority investment pool designed exclusively for California public agencies, proudly announces that it has surpassed managing over $1 billion in assets. *  

“We are truly grateful for our participants and partners both at the California Special Districts Association and the League of California Cities for their support in assisting California CLASS achieve this milestone,” said Bob Shull, Senior Director of Investment Services. “We believe this new achievement reflects our ongoing commitment to providing exceptional services statewide.” 

With a steadfast dedication to prudent investment strategies and a focus on meeting the unique needs of its participants, California CLASS has achieved remarkable asset growth since its inception in July 2022. The pooled investment program designed to assist public agencies with the management of their short-term funds, offers investment options tailored to meet the needs of public agencies, such as cities, counties, and special districts. These investment options are carefully curated to prioritize safety, liquidity, and yield. 

By pooling their funds together, participating agencies can benefit from economies of scale and access to a diverse portfolio of investments managed by a seasoned portfolio management team. This allows them to potentially earn higher returns on their investments while maintaining prudent risk management practices. 

California CLASS aims to provide its participants with convenient and efficient cash management solutions, helping them optimize the use of their funds to support essential public services and projects. Through its commitment to transparency, ease of use, and exceptional service, California CLASS strives to be a trusted partner for public agencies across the state. 

As California CLASS continues to evolve, it remains dedicated to its mission of providing exceptional investment solutions that empower public finance professionals to enhance the financial future of their community with confidence. 

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Contact us to learn more about how your public agency can use California CLASS to build upon its current cash management strategy by investing its operating dollars, reserves, and/or tax dollars. Our dedicated team of investment professionals is here to assist! If you find that your public agency requires a board presentation or system demonstration, please fill out the form below and an investment professional will be in touch shortly.  

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*Data unaudited and as of January 18, 2024. Source Public Trust Advisors, LLC. The information presented should not be used in making any investment decisions and is not a recommendation to buy, sell, implement or change any securities or investment strategy, function or process. Any financial and/or investment decision should be made only after considerable research, consideration and involvement with an experienced professional engaged for the specific purposeAll comments and discussions presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. The information presented should not be used in making any investment decisions. 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. California CLASS is not a bank. An investment in California CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the California 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 California 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