Welcome
The Florida Surplus Asset Fund Trust (FL SAFE) is an intergovernmental cooperative investment trust created in 2007 by Florida local governments seeking to enhance their investment safety, liquidity, transparency and yield through the benefits of scale in pooling investments and financial services.
Rates and Performance
Rates and Performance as of 04/21/2024
CLASS/SERIES | SNAV % | VNAV % |
---|---|---|
Daily Rate | 5.350 | - |
7-Day Average Rate | 5.350 | - |
7-Day Effective Rate | 5.490 | - |
Net Market Yield | - | 4.590 |
1-Year Net Total Return | - | 4.680 |
*Daily Rate: Refers to income generated over the previous one day period; the income is then annualized.
*7-Day Average Rate: Refers to income generated over the previous seven day period; the income is then annualized.
*7-Day Effective Rate: Calculated in the same manner but assumes reinvestment of income over the seven day period. Due to compounding, the 7-Day Effective Rate will be slightly higher than the 7-Day Average Rate.
*Net Market Yield: The yield-to-worst after deducting portfolio expenses. Sources: Bloomberg, PMA Financial Network, LLC and PMA Asset Management, LLC
*1-Year Net Total Return: The actual rate of return over the past year after deducting portfolio expenses.
Investment Options
Service Programs
Learn more about the service programs offered through FL SAFE, including Cash Flow Management, Bond Proceeds Management and Fixed Income Investing.
Investment Programs
FL SAFE offers a variety of investing options, including Stable Net Asset Value (SNAV), Variable Net Asset Value (VNAV), and Term Series programs.
Current News
Announcements
FL SAFE will be closed Monday, May 27, 2024 for Memorial Day. Closed to transactions and Participant inquiries.
FL SAFE Newsletter
MARKET UPDATE
Core Inflation Moderating
Though the path to lower inflation has been somewhat bumpy, the trend in Core PCE (Personal Consumption Expenditures), the Fed’s preferred measure of inflation, continues downward.
READ MORE
Event Calendar
The next FL SAFE board meeting will be held on Thursday, April 25th, 2024 via video conference.
How To Join
Learn more about how to become a FL SAFE Participant.
Knowledge Center
Browse the library of FL SAFE documents, articles and more.