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The Minnesota Municipal Money Market Fund (the 4M Fund) is a customized cash management and investment program for Minnesota public funds.
Sponsored and governed by the League of Minnesota Cities, the 4M Fund is a unique investment alternative designed to address the daily and long-term investment needs of Minnesota cities and other municipal entities.
Managed in accordance with Minnesota Statutes and customized specifically for public entities, the 4M Fund provides safety, daily liquidity, and highly competitive yields.
The 4M Fund also provides a wide range of fixed term investments through our Fixed Rate Program, as well as term series investment pools that seek higher yields for short-term investments. For those seeking a longer-term solution, the 4M Limited Term Duration (4M LTD) Fund, seeks to provide excess income over money market and deposit products while maintaining limited price volatility.
The 4M Fund currently offers professional investment management through three funds: the Liquid Asset Class, the PLUS Class, and the LTD Fund. All offer a competitive money market rate, with the Liquid Asset Class providing additional cash management services like check writing.
Benefits and Features
- Customized accounting
- Direct wire of state aid
- Full online access, including transactions and reporting
- Multiple transaction and reporting options
- Rates quoted net of all expenses
- Free checking for most cities, including check printing
- No minimum balances
- Unlimited sub-accounts
- Wide range of fixed rate investment options
- Dedicated customer service team
Administration
The 4M Fund is administered by PMA Financial Network and Prudent Man Advisors, LLC.
Kent Johnson, Senior Vice President
Corey Boyer, Vice President, Investment Services
5298 Kyler Avenue NE, Second Floor
Albertville, MN 55301
(763) 497-1490 or (800) 783-4273, ext. 1300
[email protected]
[email protected]
The 4M Multi-Class Fund (the “Fund”), as well as the Term Series Fund (Term Series), seek to maintain a net asset value of $1.00 per share. However, an investment in either Fund is neither insured nor guaranteed by the FDIC or any U.S. government agency and there is no assurance that the Funds will be able to maintain a stable net asset value of $1.00 per share. The 4M Limited Term Duration Fund (LTD Fund) seeks to provide current income while maintaining limited price volatility. The LTD Fund has a floating net asset value, and the net asset value of a Participant’s investment could decline below the amount originally invested by the Participant. The Fund is an investment opportunity for institutional or government investors, not for retail investors, under Minnesota Statutes, section 471.59. The information provided on this website is not an offer or solicitation to buy or sell shares of the Fund or other securities. Information provided on this website should not be considered investment advice and is not an offer or solicitation to buy or sell shares of the Fund or other securities. Investors should consider the applicable Fund’s investment objectives, risks, charges, and expenses detailed in the Information Statement (pdf) before you invest. 4M investments are offered and sold by PMA Asset Management, LLC, an affiliate of PMA Financial Network, LLC.
