Due to the Thanksgiving Day Holiday, the Fund will be closed on Thursday, November 26, 2020.
The New Jersey Asset & Rebate Management Program (the “NJ/ARM Program”,“NJ/ARM” or the “Program”) was created in 1989 as a joint investment trust under the Interlocal Services Act. NJ/ARM provides local governments in New Jersey with investment management services for capital, reserve, and general operating funds. In addition, the Program offers investment management and arbitrage rebate compliance services for tax-exempt bond and note proceeds.
The NJ/ARM Joint Account provides a convenient vehicle for local governments to pool funds for short-term investment to meet daily liquidity needs. For longer-term investment strategies, the Individual Portfolio provides for customized investment portfolios of permitted securities pursuant to New Jersey statutes.
The primary goal of the NJ/ARM Program is safety and security of the local government funds entrusted to it. The Joint Account portfolio is rated *AAAm by Standard & Poor's (an independent rating company) which is the highest rating available.
The Program is designed to comply with all New Jersey statutes and regulations for the permitted investment of public funds. Additionally, all securities must meet the high investment standards of PFM Asset Management LLC, the NJ/ARM Program’s SEC-registered Investment Advisor.
* Standard & Poor's fund ratings are based on analysis of credit quality, market price exposure and management. According to Standard & Poor's rating criteria, the AAAm rating signifies excellent safety of invested principal and a superior capacity to maintain a $1.00 per share net asset value. However, it should be understood that these ratings are not "market" ratings or a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Standard & Poor's website.
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