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Updates, newsletters, and special reports

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FAQs

Answers to commonly asked questions about North Carolina CLASS

Your Newest Investment Option

North Carolina CLASS Prime

Built for Your Daily Liquidity Needs

North Carolina CLASS is a stable $1.00 NAV local government investment pool offering daily liquidity that is better suited for your every-day funds. North Carolina CLASS strives to earn a competitive rate of return while maintaining liquidity and preserving capital. With North Carolina CLASS, you’ll enjoy these features:

Unlimited Transactions, No Fees

No limit on transactions and
no transaction fees*

Future Dated Transactions

Enter future-dated transactions to ensure timely release of funds

Participant-to-Participant Transfers

Initiate transfers to other taxing entities with
a North Carolina CLASS account

Convenient Online Access

Securely access your account from
anywhere, 24/7

Unlimited Subaccounts

Establish as many dedicated subaccounts
as you need

Use North Carolina CLASS During Tax Time

Conveniently set up tax subaccounts during tax time for your entity

North Carolina CLASS Portfolio Characteristics

Portfolio Type

Prime-style
Every-day fund for liquid investments

Rating

‘AAAm’
Rated by S&P Global Ratings**

Liquidity

Daily
Same-day liquidity available (12:00 p.m. ET cutoff)

NAV Type

Stable NAV
Traditional stable $1.00 NAV

WAM

≤ 60 days
Weighted average maturity of 60 days or less

Dividend Rate

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

Accounts

Unlimited
Create as many North Carolina CLASS subaccounts as your entity needs

Reporting

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

North Carolina CLASS Prime Portfolio as of May 4, 2024

Daily Yield (%)	5.3856
YTD Yield (%)	5.4402
7-Day Yield (%)	5.3962
30-Day Yield (%)	5.4106
Weighted Average Maturity (To Reset)	23
Weighted Average Maturity (To Final)	73
Daily Dividend	0.000147147
Net Asset Value (NAV)	0.99983970

Historical Yields

Disclaimer

How Much Could You Have Earned With North Carolina CLASS?

Start Date

End Date

Amount Invested

You would have earned

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on your investment if you started on

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North Carolina CLASS Documents

GET STARTED WITH NORTH CAROLINA CLASS

NCCLASS Prime Information Statement

Download

NCCLASS Prime S&P Ratings Profile

Download

Common North Carolina CLASS FAQs

What are the investment objectives of North Carolina CLASS?

Safety of Principal
- To minimize risk by managing portfolio investments aiming to preserve principal and only invest in securities that are permitted pursuant to the laws of the State of North Carolina.
Liquidity of Funds
- To manage portfolio investments in a way that permits cash to be available to Participants on a daily basis.
Yield
- To strive to maximize current investment income to the degree consistent with legality, safety, and liquidity.

Does North Carolina CLASS seek to maintain a stable $1.00 net asset value (NAV)?

Yes, North Carolina CLASS seeks to maintain a stable $1.00 per share NAV. This is accomplished through conservative investment practices and strict internal controls.

What is the minimum investment requirement for investing in North Carolina CLASS?

There is no minimum investment amount for the North Carolina CLASS Prime portfolio.

What are the principal risks associated with investing in a prime-style local government investment pool?

For risks associated with investing in a prime-style local government investment pool, please click here.

Recent Insights for Investors

Investor

The Federal Reserve

Understanding the Role of the Federal Reserve: A Comprehensive Overview The Federal Reserve, often referred to as “The Fed,” has emerged as a central figure in the economic narrative of

April 25, 2024

Economic Update

Not So Fast

April 2024 Economic Review In December, the Federal Reserve turned its focus towards potential rate cuts in 2024 as inflation continued its steady decline towards the policymaker’s 2 percent target.

April 23, 2024

Special Reports

North Carolina CLASS & NCLM Work to Empower Local Communities

Raleigh, North Carolina – April 19, 2024 – North Carolina CLASS, the newest local government investment pool available to North Carolina units of local government, and the North Carolina League

April 19, 2024

Investing in North Carolina CLASS is Easy!

Enhance your ability to manage your assets more efficiently and effectively while seeking to prioritize safety and liquidity. Our team of investment professionals are here to assist you every step of the way.

*You may incur fees associated with wires and/or ACH transactions by your bank, but there will be no fees charged from North Carolina CLASS for such transactions. **North Carolina CLASS 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 on rating methodology, please visit www.spglobal.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. 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 North Carolina CLASS 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 before investing. For more information on historical yields, please click here. For risks associated with investing in both a prime-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.