Prime-style local government investment pool 

Current and historical rate information

A comprehensive introduction to the North Carolina CLASS portfolio 
Get to know our diverse and experienced public finance officials who oversee the program
Our administrator, auditor, custodian, and legal counsel
Enrollment documents, prospectuses, and financials 
Updates, newsletters, and special reports
Upcoming Board meetings, holidays, events, and conferences
Answers to commonly asked questions about North Carolina CLASS

Getting started is easy; join today and start earning tomorrow!

Assistance with your accounts and answers to your North Carolina CLASS questions
Contact our investment professionals who can provide you with information about the program 

Your Newest Investment Option

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 June 20, 2024

Daily Yield (%) 5.4132
YTD Yield (%) 5.4290
7-Day Yield (%) 5.4071
30-Day Yield (%) 5.4028
Weighted Average Maturity (To Reset) 37
Weighted Average Maturity (To Final) 78
Daily Dividend 0.000147901
Net Asset Value (NAV) 0.99991560

Historical Yields

How Much Could You Have Earned With North Carolina CLASS?

You would have earned

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on your investment if you started on

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Yields Disclaimer

North Carolina CLASS Documents

GET STARTED WITH NORTH CAROLINA CLASS

NCCLASS Prime Information Statement

NCCLASS Prime S&P Ratings Profile

Common North Carolina CLASS FAQs

  1. 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.
  2. Liquidity of Funds 
    • To manage portfolio investments in a way that permits cash to be available to Participants on a daily basis.
  3. Yield 
    • To strive to maximize current investment income to the degree consistent with legality, safety, and liquidity.

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. 

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

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

Recent Insights for Investors

Economic Update

The Federal Reserve’s Dilemma

May 2024 Economic Review The advance estimate for real GDP growth in Q1 came in at a modest 1.6% annualized rate, restrained by trade and inventory adjustments. However, underlying dynamics

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

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.

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.