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Money Market Pool
Created in 2007, the Money Market Pool is FL SAFE's short-term cash management vehicle, designed to maintain safety and liquidity while preserving the capital of Florida governmental entities. One of the biggest benefits of the Money Market Pool is the ability to combine the purchasing power of many public entities, in order to attract higher interest rates for Participants.
How it Works
FL SAFE provides a vehicle that pools funds for investment in U.S. government obligations, agencies, commercial paper and other high quality short term instruments, creating an efficient way for Participants to manage their short-term investment needs.
Maintaining a Stable Net Asset Value
The primary goal of FL SAFE is to maintain $1.00 per share Net Asset Value (NAV). No investment pool or money market fund can "guarantee" a NAV of $1.00 per share. Investing in any type of security introduces elements of risk. Among those risks are interest rate risk, liquidity risk and credit risk. In a local government investment pool like FL SAFE, the task of the investment advisor is to mitigate those risks so that participants and taxpayer dollars are protected.
$1.00 per Share NAV Goal
Portfolio securities are valued using the amortized cost method of valuation. This method involves valuing each investment at cost on the date of purchase and assuming a constant amortization to maturity of any discount or premium. Amortized cost valuation provides certainty in valuation, but may result in valuations that are higher or lower than the market price of a particular portfolio security. As a result, the Fund has implemented Pricing Procedures for Stable Value LGIPs which require the portfolio to be priced at least weekly using a third-party pricing service. If the difference between the aggregate market value and the aggregate amortized cost of the portfolio securities exceeds 0.10%, key personnel at the investment advisor will be notified. If such difference exceeds 0.25%, the Fund’s Board will be notified and will consider what action, if any, should be initiated. If the market value remains between $0.9950 and $1.0050, transactions can be executed at $1.00 per share.
The APPROACH TO MAINTAINING A AAAm CREDIT RATING
FL SAFE invests in high-quality short-term debt instruments and follows S&P’s credit rating requirements for credit quality, maturity, liquidity, diversification and internal controls. The Fund’s advisor has implemented risk management policies and procedures for purchasing and monitoring the Fund’s investments. Through these risk management techniques including those required by S&P for a AAAm rated Net Stable Value Fund, FL SAFE seeks to maintain a NAV of $0.9975 or higher as required to achieve a AAAm rating. According to S&P’s rating criteria, the AAAm rating signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share Net Asset Value.
For a complete analysis of S&P rating methodology and the strategies employed to maintain a $1.00 NAV, view the S&P Fund Ratings Criteria document.
Download more information about PMA Financial Network, Inc. here.
Other FL SAFE Service Programs
Cash Flow Management
Bond Proceeds Management
Financial Planning Program
Fixed Income Investment Program
Credit Risk Analysis
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855.202.9650 | INFO@FLSAFE.COM
10151 University Blvd., #227  |  Orlando, FL 32817

This information does not represent an offer to sell or a solicitation of an offer to buy or sell shares of the Fund or any other security. Shares in the Fund are sold or bought only based on the information contained in the current Fund Information Statement. The Information Statement contains important information and should be read carefully before investing. While the Fund seeks to maintain a stable net asset value of $1.00 per share, there can be no assurance that the net asset value will not vary from this price. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Fund shares are marketed through PMA Securities, Inc., member FINRA. The yields presented on this website represent past performance and are not a guarantee of future results. The Fund may, from time to time, adjust certain management fees and expenses, which may affect the yield.

The daily rate refers to the net income generated over the previous one-day period; the income is then annualized. Fund performance changes over time and current performance may be lower or higher than what is stated. The yields represent past performance and should not be viewed as a guarantee of future results. The most recent yield information can be viewed by selecting "Rate Update" or you can call 1-855-202-9650. The money market pool is a managed portfolio whose holdings are subject to change. For more complete information, please read the FL SAFE (the "Fund") information statement before investing with the Fund, which is provided on the FL SAFE website or can be obtained by calling the number provided above. You should consider the Fund’s investment objectives, risks, charges and expenses before you invest. Information about these important subjects are detailed in the information statement, which you should read carefully before investing.

The money market pool is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. Expenses are detailed in the Information Statement under "Expenses of the Portfolio."

Information in the Florida Research Center has been distributed for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.