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IMPORTANT MESSAGE:  Due to the Christmas Holiday, the Fund will be closed on Wednesday, December 25, 2019.

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.

Program elements:  

  • 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).
 


 

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Governments of Michigan Investing Cooperatively (“GovMIC”) is the marketing name used to describe the GovMIC Class of shares of the MILAF+ Portfolio, a series of the Michigan Liquid Asset Fund Plus (the “Trust”).  Investors should consider the investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 844-8-GovMIC or is available on GovMIC’s website at www.govmic.org.   

While GovMIC seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

  

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