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with mul Ɵ ple customers and varied investment goals, PLGIT’s had a singular focus on inves Ɵ ng solely for member governments from the beginning. With this Declara Ɵ on as its bedrock, PLGIT has created a mix of investment products and services designed to help op Ɵ mize local government’s returns while maintaining a focus on key goals like preserving safety and liquidity. PLGIT Investment OpƟons – Products with a Purpose By understanding each PLGIT investment op Ɵ on, local governments can be Ʃ er achieve specific goals. Here are details on several key investment op Ɵ ons, and how investors may consider using them: PLGIT/TERM SM is an investment op Ɵ on for local governments that want to realize a poten Ɵ ally higher yield than PLGIT’s daily liquidity op Ɵ ons, but also have a specific, targeted date and need for invested funds. PLGIT/ TERM SM locks in your rate for the en Ɵ re term of the investment and maturity dates range from 60 days to one year. PLGIT/TERM SM requires a minimum ini Ɵ al investment of $100,000, a minimum investment period of sixty (60) days and has a premature withdrawal penalty. An example of how this could benefit your municipality: if you know your municipality needs to make a payment for salt, fuel, insurance premium, or debt service payment on a specific date, it can invest those funds in PLGIT/TERM to mature near that date. That enables a municipality to earn a poten Ɵ ally higher yield in a targeted Ɵ me than with savings-like accounts, like PLGIT-Class. The PLGIT SM Porƞolio consists of two classes of shares that each stress safety of principal as their primary objec Ɵ ve — a fact underscored by the por ƞ olio’s AAAm 1 ra Ɵ ng from Standard & Poor's: • PLGIT-Class Shares SM o ff er daily liquidity, no minimum balance requirements and unlimited checking with no out-of-pocket fees or service charges. Because of these features, municipal investors tend to use PLGIT- Class Shares like they would a standard checking account. However, investors keeping more funds than necessary in a PLGIT-Class account may want to consider investment op Ɵ ons like PLGIT/PRIME, where those funds have the poten Ɵ al to earn higher yields. • PLGIT/Reserve-Class Shares SM is an op Ɵ on with a lower expense ra Ɵ o than PLGIT-Class shares, o ff ering liquidity but limited services enabling investors who have a limited investment policy with a way to poten Ɵ ally increase their earnings over PLGIT-Class. PLGIT/Reserve- Class Shares carry no wai Ɵ ng period prior to redemp Ɵ on, but redemp Ɵ ons are limited to two per month. The increased yield poten Ɵ al versus PLGIT-Class makes PLGIT/Reserve-Class Shares an a Ʃ rac Ɵ ve op Ɵ on for funds like short-term reserves. Again, investors may want to weigh this op Ɵ on against PLGIT/ PRIME (see below), which o ff ers the poten Ɵ al for a higher yield. PLGIT/PRIME SM por ƞ olio is the newest investment op Ɵ on available to local governments. Updated in May 2016 in response to the expansion of permi Ʃ ed investments for municipal en ƟƟ es and school districts statewide, the PLGIT/PRIME por ƞ olio includes newly permi Ʃ ed investments like commercial paper and nego Ɵ able cer Ɵ ficates of deposit, forms of short- term highly-rated corporate debt that typically is o ff ered at be Ʃ er yields than similar maturity US Government- backed instruments. The benefit: PLGIT/PRIME is a por ƞ olio that invests in a broader array of permi Ʃ ed investments for local governments and all other public en ƟƟ es in Pennsylvania, including securi Ɵ es that historically outperform a more simplified por ƞ olio of US Treasuries and Federal Agencies like the PLGIT Por ƞ olio described in previous paragraphs. PLGIT/PRIME is a dis Ɵ nct investment por ƞ olio, rated AAAm by Standard & Poor’s. Investment requires no minimum balance and no minimum ini Ɵ al investment, however this op Ɵ on limits redemp Ɵ ons or exchanges to two per calendar month, so it’s more appropriate as a short- term op Ɵ on for idle funds. PLGIT-CD SM Purchase Program enables PLGIT investors to purchase FDIC- insured CDs via a separate agreement Right Fit arƟcle conƟnued from page 26. 1 Standard & Poor's fund raƟngs are based on analysis of credit quality, market price exposure and management. According to Standard & Poor's raƟng criteria, the AAAm raƟng signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share net asset value. However, it should be understood that the raƟng is not a "market" raƟng nor a recommendaƟon to buy, hold or sell the securiƟes. For a full descripƟon on raƟng methodology, visit Standard & Poor's website (www.standardandpoors.com/en_US/web/guest/home) .