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Prime-style local government investment pool
Enhanced cash local government investment pool
Current and historical rate information
Getting started is easy; join today and start earning tomorrow!
The Florida Cooperative Liquid Assets Securities System (FLCLASS) is an intergovernmental investment pool authorized under Section 218.415, Florida Statutes and was created via an interlocal agreement by and among state public agencies as described in Section 163.01, Florida Statutes. FLCLASS provides Florida governmental entities with a convenient method for investing in high-quality, short- to medium-term securities carefully chosen to provide for safety and liquidity while still prioritizing interest earnings.
FLCLASS strives to minimize risk by managing our portfolios in a manner that emphasizes the preservation of principal and only invests in securities that are permitted pursuant to the laws of the state of Florida, Florida’s Investment of Local Government Surplus Funds Act, Florida Statutes, Chapter 218.415, and the FLCLASS Investment Policies.
The management of FLCLASS is under the direction of a Board of Trustees comprised of eligible Participants of the FLCLASS program. The Board of Trustees has appointed Public Trust Advisors, LLC to serve as the Investment Advisor and Administrator of the program and has appointed Fifth Third Bank as the Custodian.
FLCLASS is open to all political subdivisions, instrumentalities of political subdivisions, and state agencies in the state of Florida including counties, cities, towns, villages, school districts, special districts, and other public entities.
New local governments looking to invest in either of the FLCLASS portfolios will first need to complete the FLCLASS Registration Packet. For more information, please contact the FLCLASS Relationship Team to receive the necessary paperwork to get started.
No, there is no limit to the number of subaccounts a Participant may have. Furthermore, Participants may invest in either of the FLCLASS portfolios.
There is no minimum investment amount for either of the FLCLASS portfolios.
FLCLASS can provide your local government with a comprehensive, professionally managed approach to investing your funds. FLCLASS currently offers two investment options:
Prime-Style
Enhanced Cash
Daily liquidity
Short-term liquidity
‘AAAm’ Rated by S&P Global Ratings*
‘AAAf/S1’ Rated by FitchRatings**
Next-Day
Apply Daily
Accrue Daily
> 60 Days
Stable $1.00 per share
Variable $10.00 per share
*FLCLASS 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 of rating methodology, please visit www.spglobal.com. **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 of rating methodology, please visit www.fitchratings.com. 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. Although the FLCLASS 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 FLCLASS Information Statement(s) located in the Document Center before investing. 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. 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.