Prime-style local government investment pool 

Enhanced cash local government investment pool 

Current and historical rate information

How much could you have earned with California CLASS Prime? 

A comprehensive introduction to the different California CLASS portfolios 
Get to know our diverse and experienced public finance officials who oversee the program
Our administrator, auditor, custodian, and legal counsel
Enrollment documents, prospectuses, and financials 
Updates, newsletters, and special reports
Upcoming Board meetings, holidays, events, and conferences
Answers to commonly asked questions about California CLASS
Assistance with your accounts and answers to your California CLASS questions
Contact our investment professionals who can provide you with information about the program 

Getting started is easy; join today and start earning tomorrow!

California Special Districts Association 
League of California Cities 

California CLASS Investment Options

Built for Your Daily Liquidity Needs

California CLASS Prime is a stable $1.00 NAV local government investment pool offering daily liquidity that is better suited for your every-day funds. Prime strives 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

Participant-to-Participant Transfers 

Initiate transfers to other taxing entities with
a California CLASS account

Convenient Online Access 

Securely access your account from
anywhere, 24/7

Unlimited Subaccounts 

Establish as many dedicated subaccounts
as you need

Same-Day Liquidity 

Same-day access to your funds
(prior to cut-off time at 11:00 a.m. PT) 

Prime Portfolio Characteristics

Portfolio Type 

Prime-style   
Every-day fund for operating dollars 

Rating

‘AAAm’
Rated by S&P Global Ratings**

Min/Max Investment  

None
No minimum balance requirements nor maximum contributions 

Liquidity  

Daily  
Same-day liquidity available (11:00 a.m. PT cutoff)   

NAV Type 

Stable NAV
Traditional stable $1.00 NAV 

WAM 

≤ 60 days 
Weighted average maturity of 60 days or less 

Dividend Rate 

Daily Accrual 
Dividends accrue daily and are reinvested at month-end  

Accounts 

Unlimited 
Create as many California CLASS subaccounts as your entity needs   

Reporting 

Accessible in Portal 
Conveniently access your monthly statement, transaction confirmations, and on-demand reports

PRIME Portfolio as of April 17, 2024

Daily Yield (%) 5.4087
YTD Yield (%) 5.4465
7-Day Yield (%) 5.4081
30-Day Yield (%) 5.4164
Weighted Average Maturity (To Reset) 17
Weighted Average Maturity (To Final) 77
Daily Dividend 0.000147779
Net Asset Value (NAV) 0.99994010

Historical Yields

How Much Could You Have Earned With California CLASS Prime?

You would have earned

Loading...

on your investment if you started on

Loading...

Yields Disclaimer

California CLASS Prime Documents

GET STARTED WITH CALIFORNIA CLASS PRIME

Prime Information Statement

Prime Investment Policy

Prime S&P Ratings Profile

Common Prime FAQs

  1. Safety of Principal
    • Safety of principal is the foremost objective of the investment program. Investments are undertaken in a manner that prioritizes the preservation of capital
    • To maintain the highest rating for the California CLASS Prime Fund from a nationally recognized statistical rating organization
  2. Liquidity of Funds 
    • Portfolios are managed to remain sufficiently liquid to enable Participants to meet cash flow needs that might be reasonably anticipated
  3. Investment Return 
    • Portfolios are designed to generate a competitive rate of return without  compromising the safety and liquidity objectives
  4. Transparency
    • Portfolios are operationally enabled  to allow Participants to readily obtain portfolio and account information via an easy-to-use technology platform

No, there is no maximum or minimum investment requirement for the California CLASS Prime Fund.

Yes, the California CLASS Prime Fund is managed to maintain a stable NAV of $1.00 per Share.

For risks associated with investing in a prime-style local government investment pool, please click here.

Recent Insights for Investors

Policy Easing Ahead?

March 2024 Economic Review The Federal Open Market Committee (FOMC) has finally begun to seriously consider the prospect of rate cuts after the most aggressive tightening cycle in four decades

Read More »
California CLASS Investor

The Shape of the U.S. Treasury Yield Curve

What the Shape of the U.S. Treasury Yield Curve Suggests About Economic Expectations The yield curve for U.S. Treasuries (yield curve) refers to the relationship between the yield on short-term

Read More »
Economic Update

Getting in Sync

February 2024 Economic Review The economy showed surprising strength in 2023 by growing 2.5 percent, defying market expectations for the U.S. to slip into a recession under the weight of

Read More »

Investing in Prime is Easy!

Enhance your ability to manage your assets more efficiently and effectively while prioritizing 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 fees charged from California CLASS for such transactions. **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.

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. 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. For more information on historical yields, please click here. For risks associated with investing in both a prime-style and enhanced cash-style local government investment pool, please click here. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.