California CLASS Prime is a stable $1.00 NAV local government investment pool offering daily liquidity that is best suited for your every-day funds. Use Prime to earn a competitive rate of return while maintaining liquidity and preserving capital. With Prime, you’ll enjoy these features:
Unlimited Transactions, No Fees
No limit on transactions and
no transaction fees*
Future Dated Transactions
Enter future-dated transactions to ensure timely release of funds
Initiate transfers to other taxing entities with
a California CLASS account
Convenient Online Access
Establish as many dedicated subaccounts
as you need
Same-day access to your funds
(prior to cut-off time at 11:00 a.m. PT)
Every-day fund for operating dollars
Rated by S&P Global Ratings
No minimum balance requirements nor maximum contributions
Same-day liquidity available (11:00 a.m. PT cutoff)
Traditional stable $1.00 NAV
≤ 60 days
Weighted average maturity of 60 days or less
Dividends accrue daily and are reinvested at month-end
Create as many California CLASS subaccounts as your entity needs
Accessible in Portal
Conveniently access your monthly statement, transaction confirmations, and on-demand reports
There is no minimum investment amount for the Prime portfolio.
Yes, Prime seeks to maintain a stable $1.00 per share NAV. This is accomplished through conservative investment practices and strict internal controls.
Enhance your ability to manage your assets more efficiently and effectively while maintaining safety and liquidity. Our team of investment professionals are here to assist you every step of the way.
*You may incur fees associated with wires and/or ACH transactions by your bank, but there will be no transaction fees charged from California CLASS for such transactions. 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 rated ‘AAAm’ by S&P Global Ratings. A ‘AAAm’ rating by S&P Global Ratings is obtained after S&P evaluates a number of factors including credit quality, market price exposure, and management. For a full description on rating methodology, please visit www.spglobal.com. Ratings are subject to change and do not remove credit risk. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.