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Credit Rating
BACKGROUND
Florida Surplus Asset Fund Trust received its AAAm rating from Standard & Poor's Corporation (S&P) on December 19, 2007. This rating was affirmed on October 24, 2011. As of December 2009, S&P rated 98 local government investment pools (LGIP). S&P has two types for LGIPs 1) principal stability fund ratings for stable value funds and 2) fund credit quality rating for variable net asset value funds. This type of fund also carries a volatility rating component.
FL SAFE is strictly structured as stable value investment pool (structured to maintain a net asset value of $1.00 per share). Thus, the principal stability fund rating is applicable to FL SAFE. The highest credit rating for this type of rating is AAAm. PMA is the Investment Advisor to similar funds (Illinois School District Liquid Asset Fund Plus and MNTrust).
SURVEILLANCE PROCESS
In order to maintain its AAAm credit rating, FL SAFE must follow the strict investment parameters of S&P. This includes diversification and maturity restriction elements. Each week, a detailed portfolio report must be submitted to S&P similar to the attached report (S&P Surveillance Report). In addition, as part of this process each security must be independently priced by a third party.
CREDIT RATING REPORTS
The most current S&P rating report is dated March 31, 2011 (click here). The S&P rating profile report dated September 30, 2010 can be accessed here. For additional general information concerning S&P and its rating process, please go to sandp.com.
For a complete analysis of S&P rating methodology and the strategies employed to maintain a $1.00 NAV, view the S&P Fund Ratings Criteria current document. For more information, visit www.standardandpoors.com
Download more information about PMA Financial Network, Inc. here.
Other FL SAFE Service Programs
Cash Flow Management
Bond Proceeds Management
Financial Planning Program
Fixed Income Investment Program
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855.202.9650 | INFO@FLSAFE.COM
10151 University Blvd., #227  |  Orlando, FL 32817

This information does not represent an offer to sell or a solicitation of an offer to buy or sell shares of the Fund or any other security. Shares in the Fund are sold or bought only based on the information contained in the current Fund Information Statement. The Information Statement contains important information and should be read carefully before investing. While the Fund seeks to maintain a stable net asset value of $1.00 per share, there can be no assurance that the net asset value will not vary from this price. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Fund shares are marketed through PMA Securities, Inc., member FINRA. The yields presented on this website represent past performance and are not a guarantee of future results. The Fund may, from time to time, adjust certain management fees and expenses, which may affect the yield.

The daily rate refers to the net income generated over the previous one-day period; the income is then annualized. Fund performance changes over time and current performance may be lower or higher than what is stated. The yields represent past performance and should not be viewed as a guarantee of future results. The most recent yield information can be viewed by selecting "Rate Update" or you can call 1-855-202-9650. The money market pool is a managed portfolio whose holdings are subject to change. For more complete information, please read the FL SAFE (the "Fund") information statement before investing with the Fund, which is provided on the FL SAFE website or can be obtained by calling the number provided above. You should consider the Fund’s investment objectives, risks, charges and expenses before you invest. Information about these important subjects are detailed in the information statement, which you should read carefully before investing.

The money market pool is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. Expenses are detailed in the Information Statement under "Expenses of the Portfolio."

Information in the Florida Research Center has been distributed for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.