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North Carolina CLASS Prime

Prime-style local government investment pool 

Yields

Current and historical rate information

Overview

A comprehensive introduction to the North Carolina CLASS portfolio 

Board of Trustees

Get to know our diverse and experienced public finance officials who oversee the program

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Our administrator, auditor, custodian, and legal counsel

Document Center

Enrollment documents, prospectuses, and financials 

Insights for Investors

Updates, newsletters, and special reports

Events

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FAQs

Answers to commonly asked questions about North Carolina CLASS

Join North Carolina CLASS

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Client Services

Assistance with your accounts and answers to your North Carolina CLASS questions

Relationship Team

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

NCLM

North Carolina League of Municipalities

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Dedicated to Local Governments of All Sizes

Assisting Municipalities Like Yours

Helping North Carolina Municipalities Together With NCLM

The North Carolina Cooperative Liquid Assets Securities System (North Carolina CLASS) is an investment pool created by an Interlocal Agreement and an Indenture of Trust, pursuant to N.C.G.S. Section 159-30 (c)(10). North Carolina CLASS was organized in 2023 and provides a professionally managed investment program. Local governments across the State of North Carolina rely on the valuable services and the technical expertise the North Carolina League of Municipalities (NCLM) provides. NCLM and North Carolina CLASS have partnered to assist North Carolina local governments in accessing investment services designed for their unique needs. 

Features Designed With You in Mind

You’re busy managing your local government, and as a public finance official, you are responsible for budgeting, investing idle cash, annual reports, auditing, and the list goes on… At North Carolina CLASS, we know that you’re working on a variety of projects that take time, effort, and resources; this is why we’ve designed an investment program with the following features: 

North Carolina CLASS understands that the fundamental and primary investment objective of any public official responsible for managing public funds is to preserve principal. Similarly, the fundamental and primary investment objective of the North Carolina CLASS Prime Portfolio is the safety of your entity’s funds.

When it comes to managing investments, there is safety in diversity. North Carolina CLASS offers local governments the opportunity to diversify their liquidity at the overall portfolio level by investing in a pooled investment that is comprised of hundreds of individual securities as permitted by North Carolina Statute and the North Carolina CLASS Investment Policy. Given the time, resources, and expertise involved, it may be difficult for a local government to achieve this level of diversification on its own.

Seamlessly make contributions and redemptions to and from your account via ACH and wire. There are no account minimums, you can create unlimited subaccounts for fund segregation purposes, and North Carolina CLASS does not charge wire or ACH fees.

On-demand account access allows you to export your monthly statements and see balances, view historical transactions, and download transaction confirmations for your auditors and related bookkeeping responsibilities from a straightforward and intuitive Participant Portal.

Securely manage who has access to your investment accounts and maintain up-to-date bank information on file. 

North Carolina CLASS enables you to put checks and balances in place. By using dual authorization and multi-factor authentication when transacting in the Participant Portal, your local government can enhance its own internal security procedures and protocols.

How Much Could You Have Earned?

Check out our investment calculator to see how much your local government could have earned if your entity had invested its cash since North Carolina CLASS launched.

Investment Calculator

Governed by a Board of Your Peers

The Board of Trustees is comprised of municipal officials like you.

Drew Holland

Town of Hope Mills

Kimberly Ostrom

City of New Bern

Rodney Miller

City of Hickory

View the Entire Board of Trustees

LOCAL GOVERNMENT RESOURCES

Just learning about North Carolina CLASS? Download the below resources and share this information with your colleagues. 

North Carolina CLASS Investment Options

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Features and Benefits

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Transaction Portal Overview

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Common FAQs From North Carolina Local Governments

North Carolina CLASS is designed to assist your local government in managing your cash easily and efficiently, saving you time and enabling you to focus on your district’s other important initiatives. Manage your investments in an easy-to-use transaction portal by utilizing these features:

  • Schedule transactions in advance
  • Create on-demand statements for each account your local government’s needs 
  • Self-create subaccounts when the need arises i.e. payroll, tax time, bond proceeds, special projects, etc. 

When you call North Carolina CLASS, you are connected to our dedicated Client Service team. Our Client Service professionals can answer any questions and fulfill any requests related to the administration of your North Carolina CLASS account.

Additionally, North Carolina CLASS is serviced by investment advisors who are available to present to your Board and meet with stakeholders about participating in the local government investment pool.

Investing in North Carolina CLASS helps to diversify your Local Government’s cash not only because it’s an additional holding but also because North Carolina CLASS is comprised of hundreds of different North Carolina Government Code-permitted investments.

The portfolio’s investments are professionally managed, vetted, and monitored by an internal credit research and portfolio management team. In addition, the North Carolina CLASS Prime Fund is monitored by S&P Global Ratings on a weekly basis. The consolidated depth and breadth of the North Carolina CLASS portfolio can be difficult for many local governments to create and manage on their own because of the time and costs involved in doing so.

  • North Carolina CLASS Prime is managed to a $1.00 stable Net Asset Value (NAV) share price. 
  • The North Carolina CLASS Prime portfolio is rated by a nationally recognized statistical ratings organization (S&P Global Ratings)
  • Portfolio securities are marked-to-market daily 
  • Dividends accrue daily and pay monthly
  • Portfolio characteristics are posted daily to the website

For these reasons, North Carolina CLASS could make sense for your local government as a complement to any of its other cash holdings.

What's Next?

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.

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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. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. The information presented should not be used in making any investment decisions. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Please review the North Carolina CLASS Information Statement(s) before investing. North Carolina CLASS is not a bank. An investment in North Carolina CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the North Carolina CLASS 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 North Carolina CLASS Information Statement(s) located in the Document Center before investing. For risks associated with investing in a prime-style  local government investment pool, please click here. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses. 

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