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Special Announcement

Welcome to milaf.org , the website of the
Michigan Liquid Asset Fund+

The Michigan Liquid Asset Fund ("MILAF+" or the "Fund") is a comprehensive cash management program that was created in 1987 by the Michigan Association of School Boards.

MILAF+ offers its participants a professionally managed portfolio with two share classes- the Cash Management Class that provides unlimited check writing privileges and the MAX Class which offers a competitive money market rate. Both share classes stress "safety of principal" as the number one objective and the portfolio comprising both share classes is rated AAAm* by Standard and Poor's.

Additional fixed income investment products are available through the Investment Adviser to assist MILAF+ participants in seeking to maximize results.

Related Sites:    MSBO   MASA   MASB

 
This information 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 Fund's series. This and other information about the Fund's series is available in the Fund's current Information Statement, which should be read carefully before investing. A copy of the Fund's Information Statement may be obtained by calling 1-877-GO-MILAF or is available on the Fund's website at www.milaf.org. While the MILAF+ Cash Management Class and Max Class seek to maintain a stable net asset value of $1.00 per share and the MILAF+ TERM series seek to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Fund's portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC. Member SIPC.

*Standard & Poor's fund ratings are based on analysis of credit quality, market price exposure, and management. The rating 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 rating is not a "market" rating nor a recommendation to buy, hold or sell the securities.