About The Program

Since 1989, CAMP (or the Program) has provided investment options for California public agencies. CAMP Pool offers shareholders daily liquidity with a consistent net asset value (NAV) of $1.00. Additionally, agencies with known cash-flow needs have the opportunity to maximize returns via a fixed-rate, fixed-term investment with CAMP Term. 

What are your investment options?

CAMP was created by and for California public finance professionals to offer another option for investment and cash management services. The CAMP Liquid Portfolio (the Liquid Portfolio) and Term Portfolio offers daily liquidity. Participants also have access to arbitrage rebate compliance services via PFM Asset Management (PFMAM)*. 

Designed for Daily Liquidity

CAMP Pool

Structured to prioritize safety of principal, daily liquidity, and earning a competitive yield. Participants pay zero out-of-pocket expenses and receive interest payments monthly. There is no limit on subaccounts or transactions. Account access is available 24/7 online through Connect.

  • Investment Period: One day minimum 
  • Rate: Variable rate / calculated daily 
  • Balance Requirements: No minimum balance requirement
  • Additional Deposits: No minimum
  • Transactions: Unlimited via wire, ACH, or check
  • Transactional Charges/Fees: None 
  • Accounts: Unlimited 
  • Interest Earnings: Calculated daily, paid monthly 
  • Statements: Daily confirmation, monthly statement 
  • Purchases: Executed online or by phone at 800.729.7665
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Designed for Cash Flow Management

CAMP Term Portfolio

The CAMP Term Portfolio is designed to complement liquid investments by offering participants a fixed-rate, fixed-term option for their excess liquidity. CAMP Term investments are purchased with Liquid Portfolio funds. When they mature, the funds flow back into the participant's Liquid Portfolio account, helping ensure they remain invested.

  • Investment Period: 60 days to 1 year 
  • Rate: Fixed   
  • Minimum Investment Requirement: $1,000,000 Minimum
  • Additional Deposits: $1,000,000 Minimum  
  • Withdrawals: At Maturity
  • Transactional Charges/Fees: None 
  • Accounts: Unlimited 
  • Interest Earnings: Planned Redemption or Premature Redemption (Requires 7-day notification)
  • Statements: Daily confirmation, monthly statement   
  • Purchases: Executed online by phone at 800.729.7665 
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Helping You Simplify Investing Bond Proceeds

Additional Options

CAMP offers public agencies the option to have an individually managed portfolio to meet the agency’s specific investment objectives.

  • Access to the resources of PFM Asset Management¹ (PFMAM), which has more than four decades of experience serving the public sector
  • Portfolio management services focused on managing risk and enhancing earnings
  • Competitive shopping for every security that seeks to identify the most favorable price and execution
  • Third-party custody of all assets

For bond proceeds invested with CAMP, PFMAM tracks the proceeds for arbitrage rebate compliance purposes.

  • Spending exception compliance report; including notification of an upcoming expenditure test date
  • Annual estimates of accrued arbitrage rebate and yield restriction liabilities
  • Complimentary arbitrage rebate services for bonds and other tax-exempt debt obligations
  • No out-of-pocket costs when investable proceeds are deposited with CAMP, including rebate estimates, spending exception monitoring, and IRS payment assistance

Shareholders can check the arbitrage status of any of their bond issues invested with CAMP by contacting CAMP at 800.729.766

To learn more about these services, contact a CAMP Program Representative.

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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 Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP Term Portfolio seeks to achieve a net asset value of $1.00 per share at the 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 are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

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