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What type of securities does Texas CLASS invest in?

April 26, 2017class invest securities Texas type

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What type of securities does Texas CLASS invest in?

1 Answer

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10 Posted

Texas CLASS invests solely in securities in which are permitted to invest funds pursuant to the Public Funds Investment Act. In addition, such securities must also be permitted by Rule 2a-7, even though Rule 2a-7 is not applicable to Texas CLASS. All investment securities purchased for Texas CLASS, including those with repurchase agreements, are delivered to the Custodian and held for the benefit of Texas CLASS and its Participants.