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. 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
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
|Daily Yield (%)||5.5118|
|YTD Yield (%)||5.0622|
|7-Day Yield (%)||5.4963|
|30-Day Yield (%)||5.4714|
|Weighted Average Maturity (To Reset)||44|
|Weighted Average Maturity (To Final)||71|
|Net Asset Value (NAV)||0.99992568|
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.
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.
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 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. 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.