Prime-style local government investment pool 

Enhanced cash local government investment pool 

Current and historical rate information
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

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Contact our investment professionals who can provide you with information about the program 

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 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

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 October 1, 2022

Daily Yield (%) 2.8280
YTD Yield (%) 2.1523
7-Day Yield (%) 2.9305
30-Day Yield (%) 2.6202
Weighted Average Maturity (To Reset) 24
Weighted Average Maturity (To Final) 41
Daily Dividend 0.000077480
Net Asset Value (NAV) 0.99978821

Historical Yields

How Much Could You Have Earned With California CLASS Prime?

You would have earned

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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 strives to ensure the preservation of capital
    • To maintain the highest rating for California CLASS 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 which 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

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. 

Recent Insights for Investors

Investing in Prime is Easy!

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.