Additional Products & Services
Additional Products & Services
Procurement Card Program
- The Procurement Card Program (MasterCard) is sponsored by the Trust and is offered by PFM Financial Services LLC, through the services of BMO Harris Bank [ BMO Harris Bank]*.
- The PLGIT/Emmaus Bond Pool Programs offer alternative financing methods to all Trust Investors. The Trust Sponsors three variable rate bond pools providing only PLGIT Investors the opportunity to access the variable rate bond market and the ability to take advantage of historically lower variable interest rates as well as lower costs of issuance. The Trust sponsors these programs and works with the Emmaus General Authority who issues the Pool Bonds. Public Financial Management Inc. is the Program Administrator.
To learn more about these additional products and services, please contact a PLGIT marketing representative at 1-800-572-1472.
IMPORTANT MESSAGE: Memorial Day holiday
IMPORTANT MESSAGE: Due to the Memorial Day holiday, the Fund will be closed on Monday, May 29, 2023.
Special Report: Debt Ceiling
In light of circumstances regarding the U.S. Government debt ceiling, we wanted to inform you that the PLGIT portfolios currently do not hold U.S. Treasury securities maturing prior to December 31, 2023. For more information on the debt ceiling, please see the investment manager’s recent update here.
Economic & Financial Markets Update Webinar
Please join PFM Asset Management LLC (PFMAM), PLGIT’s investment adviser, for a webinar Economic & Financial Markets Update, on Tuesday, June 20 at 11:00 a.m. During this webinar we will broadly cover areas of the U.S. economy and global markets that have effects on Pennsylvania public investors. Click HERE to register.
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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 Trust’s portfolios. This and other information about the Trust’s portfolios is 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 portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.
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, PFM Asset Management LLC.
SMPLGIT, PLGIT-Class Shares, PLGIT/Reserve-Class Shares, PLGIT/TERM, PLGIT-CD, PLGIT/PRIME, and PLGIT-CAP are service marks of the Pennsylvania Local Government Investment Trust.