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Governments of Michigan Investing Cooperatively Program
Governments of Michigan Investing Cooperatively (“GovMIC”) is the marketing name used to describe a class of shares of the MILAF+ Portfolio, a series of the Michigan Liquid Asset Fund Plus (the “Trust”). The Trust is a professionally managed comprehensive cash management program, created in 1987 by the Michigan Association of School Boards to meet the investment needs of local governments in Michigan. GovMIC is exclusive to governmental entities such as counties, municipalities, townships/villages, and related public agencies, meaning that its investments are only high-quality securities in compliance with Public Act 20. GovMIC’s goal is to help member institutions achieve their objectives of preserving principal, maintaining liquidity, and attaining a level of current income as high as is consistent with those objectives.
GovMIC invests in the Governments of Michigan Investing Cooperatively Class of the Trust. The Trust is managed to maintain a dollar-weighted average portfolio of 60 days or less and seeks to maintain a constant net asset value ("NAV") per share of $1.00.
- No sponsorship fees
- Daily liquidity
- Competitive returns
- Unlimited number of deposits and withdrawals
- Transactions by wire and ACH
- Sub-accounting to track multiple funds/accounts
- Online access to account information 24/7
- Professional investment management through PFM Asset Management LLC, a national leader in public funds asset management
The Trust invests in obligations of the United States government and its agencies, high-quality fixed-income securities of U.S. companies, and obligations of financial institutions.
For More Information
To learn more about how the GovMIC Program can meet your needs, please call 1-844-8-GovMIC (844-846-8642).