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Prime-style local government investment pool 

Enhanced cash local government investment pool 

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FLCLASS Investment Options

An Investment Option for Your Strategic Reserves

FLCLASS Enhanced Cash is a next-day liquidity investment option designed for FLCLASS Participants that seeks to generate a higher yield while complementing the daily liquidity offered by the FLCLASS fund. Enhanced Cash is better suited for investors with a slightly longer investment horizon who are seeking additional income and have the ability to tolerate a higher risk profile. 

Conveniently Manage Your Investments

Seamlessly access all of your FLCLASS accounts and reporting through the FLCLASS Online Portal. Both FLCLASS products offer you unlimited subaccounts with no minimum balance requirements. Easily make online transfers from your Enhanced Cash subaccounts to your FLCLASS subaccounts.

An Comprehensive Approach to Your Investment Program

Complement your investment management strategy with Enhanced Cash by gaining exposure to a diversified portfolio of high-quality securities for your local government's investment needs.

Enhanced Cash Portfolio Characteristics

Portfolio Type 

Enhanced Cash 
Better suited for medium-term investments and strategic reserves 

Rating 

‘AAAf/S1’
Rated by FitchRatings*

Liquidity  

Next-Day 
Provides next-day liquidity 

NAV Type 

Variable NAV
Managed to approximate a $10.00 transactional share price 

WAM 

> 60 days   
Weighted average maturity beyond 60 days  

Dividend Rate 

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

Minimum Investment

None 
Enjoy no investment minimum or maximum with Enhanced Cash 

Accounts 

Unlimited 
Create as many Enhanced Cash subaccounts as your entity needs  

Reporting 

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

ENHANCED CASH Portfolio as of December 21, 2024

Daily Yield (%) 4.7016
YTD Yield (%) 5.1624
7-Day Yield (%) 4.7694
30-Day Yield (%) 4.7908
WAM 141
WAL 201
Daily Dividend 0.001282033
Net Asset Value (NAV) 9.98

Historical Yields

FLCLASS Enhanced Cash Documents

GET STARTED WITH ENHANCED CASH

FLCLASS Information Statement

Enhanced Cash Investment Policy

Enhanced Cash Rating

Enhanced Cash Fact Sheet

Common EDGE FAQs

The general objective of FLCLASS Enhanced Cash is to obtain an increased level of investment income while preserving capital and offering next-day liquidity to its Participants. The Enhanced Cash pool invests in high-quality, short-term fixed-income investments authorized by Florida Statutes. The Enhanced Cash pool is structured to provide an investment vehicle for participants who wish to invest monies not needed for daily liquidity. 

All investments made on behalf of FLCLASS Enhanced Cash will comply with the provisions of the FLCLASS Enhanced Cash Investment Policy and Florida law relating to the investment of public funds; investment funds may only be invested in a manner that is permitted pursuant to Florida’s Investment of Local Government Surplus Funds Act, Chapter 218, Part IV and the Florida Interlocal Cooperation Act of 1969. For a complete list of eligible investments for FLCLASS Enhanced Cash, download the Enhanced Cash Investment Policy. 

Enhanced Cash is a variable NAV fund managed to approximate a $10.00 transactional share price, calculating and publishing a fair value NAV on a daily basis. The FLCLASS Enhanced Cash portfolio has designated a $10.00 transactional share price in order to clearly differentiate the portfolio from a traditional $1.00 stable NAV fund. While $0.50 and $2.00 are examples of other variable NAV strike prices, a $10.00 per share NAV is one of the most commonly used strike prices for variable NAV funds. 

For risks associated with investing in an enhanced cash-style local government investment pool, please click here.

Insights to the Enhanced Cash Portfolio

Join FLCLASS

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.

*FLCLASS Enhanced Cash is rated ‘AAAf/S1’ by FitchRatings. The ‘AAAf’ rating is Fitch’s opinion on the overall credit profile within a fixed-income fund/portfolio and indicates the highest underlying credit quality of the pool’s investments. The ‘S1’ volatility rating is Fitch’s opinion on the relative sensitivity of a portfolio’s total return and/or net asset value to assumed changes in credit spreads and interest rates. The ‘S1’ volatility rating indicates that the fund possesses a low sensitivity to market risks. For a full description on rating methodology, please visit www.fitchratings.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. Ratings are subject to change and do not remove credit risk. FLCLASS is not a bank. An investment in FLCLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Please review the FLCLASS 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.