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52 The Authority | June 2025 PLGIT has a CD Purchase program through which a municipality can gain access to a range of competitive fixed- rate, FDIC-insured CDs, with flexible terms, from banks across the nation at competitive, market rates that can range from 60 days out to maturities even beyond one year. Other intermediate-term investments may include PLGIT/ TERM, which offers a mix of open-market securities like commercial paper, CDs, and bank acceptances for terms of between 60 and 365 days. “Long-term investments” typically means investments linked to long-term liabilities such as for pensions or other post- employment benefits or debt service reserves for certain bond issues. Longer-term investments have different goals and investment parameters beyond the safety and security goals for operating funds within a local government’s code. Planning for a municipality’s financial stability requires the right balance of short- and long-term investments. If you have any questions about investments, or your municipality’s investment policy in general, contact your PLGIT team member for more information. S Courtney Mulholland is an Institutional Sales and Relationship Manager with PFM Asset Management, a division of U.S. Bancorp Asset Management, PLGIT’s Investment Advisor. She works with public sector investors across Eastern Pennsylvania. She can be reached at mulhollandc@ pfmam.com. Important Disclosure Information A description of the PLGIT-CD Purchase Program is contained in the PLGIT Information Statement. The Information Statement contains important information and should be read carefully before investing. Investors may purchase Certificates of Deposit through the PLGIT CD Purchase Program only by executing an investment advisory agreement with the Trust’s Investment Adviser, U.S. Bancorp Asset Management, Inc. This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Trust’s portfolios. This and other information about the Trust’s portfolios are available in the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www.plgit. com. While the PLGIT and PLGIT/PRIME portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/TERM portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust’s portfolio are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org ) and SIPC (www. sipc.org ). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A. PLGIT article continued from page 34.