How To Invest

To invest in MILAF+, complete the following steps:

  • Carefully review the Information Statement 
  • Download and complete the Account Registration Form (available in our Forms section) and have it signed by the appropriate individuals.
  • Complete a W-9 form (available in our Forms section) to open the initial account with MILAF+.
  • Send the completed forms to MILAF+ either by fax to (888) 535-0120 or mail to P.O. Box 11760, Harrisburg, PA 17108-1760.
  • Resolution: Adopt a resolution to join MILAF+. To download a Sample Resolution that has been used as a model by most Investors, see the Forms section.

You should review the Information Statement (including any Supplements) and the Declaration of Trust before investing. For more information, see our FAQs section.

Individually Managed Portfolios 

Public agencies may also open an individually managed portfolio through a separate agreement with MILAF+’s Investment Adviser. The Investment Advisory Account Agreement is available upon request by calling MILAF+’s Investment Adviser, PFM Asset Management LLC, at 1-877-GO-MILAF. With an individually managed portfolio, the Investment Adviser will purchase investments tailored to meet the agency’s liquidity needs or specific draw schedule. Investment purchases are determined by the public agency’s investment policy or bond documents.

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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 Michigan Liquid Asset Fund Plus' ("MILAF+" or the "Trust") series. This and other information about the Trust's series is available in the Trust's current Information Statement, which should be read carefully before investing. A copy of the Trust's Information Statement may be obtained by calling 1-877-GO-MILAF or is available on the Trust's website at While the Cash Management Class, Max Class, and GovMIC Class seek to maintain a stable net asset value of $1.00 per share and the Michigan 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 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 portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA)( and Securities Investor Protection Corporation (SIPC) ( PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC. 



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