Built for Wyoming Political Subdivisions
The Purpose of Wyoming CLASS
Wyoming Cooperative Liquid Assets Securities System (Wyoming CLASS) was created as a service for Wyoming political subdivisions. The purpose of the program is to provide a convenient method for political subdivisions to pool their liquid assets collectively. The general objective of the Trust is to prioritize the safety, liquidity, and yield of Participant funds while investing only in instruments authorized by Wyoming State Statutes and the Wyoming CLASS Investment Policy.
Who can Participate?
Wyoming CLASS allows for the state of Wyoming, any county, city, town, school district, community college district, hospital district, special district or other political subdivision of the State, or department, agency or instrumentality thereof, or any political or public corporation of the state of Wyoming to open an account and become a Participant.
Legal Framework
The Wyoming CLASS Indenture of Trust was adopted pursuant to the provisions of W.S. 17-23-101 et seq., the Wyoming Statutory Trust Act. Wyoming CLASS Participants are authorized to invest in a commingled fund of legal investments as described under W.S. 9-4-831 Legal Investments.
The program is overseen by a Board of Trustees comprised of qualified representatives of participating Wyoming political subdivisions. The Board is responsible for compliance with the Indenture and has the power to administer the affairs of the Trust. The program’s investment advisor is Public Trust Advisors, LLC, and the program’s custodian is U.S. Bank, N.A.
Wyoming CLASS has four general objectives:
- Legality
- To invest only in investments legally permitted under Wyoming State Law.
- Safety
- To minimize risk by managing portfolio investments to preserve principal and maintain a stable Net Asset Value (NAV)
- To maintain the highest money market rating for the Wyoming CLASS portfolio from a nationally recognized statistical rating organization.
- Liquidity
- To manage portfolio investments so cash can be available as required to finance Participants’ operations.
- Yield
- To enhance current income to the degree consistent with legality, safety, and liquidity.
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Wyoming CLASS is not a bank. An investment in Wyoming CLASS is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although Wyoming CLASS seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. Please review the Wyoming CLASS Information Statement 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 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.