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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.
Florida Surplus Asset Fund Trust (FL SAFE), was formed in December 2007 and is a local government investment pool developed by Florida local governments for Florida local governments. FL SAFE has no association with the State of Florida.
FL SAFE is strictly structured as a stable value investment pool (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 fund is AAAm.
FL SAFE withdrawals (redemptions) can be initiated on the FL SAFE website after logging into the account access area. FL SAFE maintains predetermined wire instructions for each client.
How to Join FL SAFE: Before initiating your enrollment, please review our Information Statement to understand the commitments and regulations associated with FL SAFE.
The primary goal of FL SAFE is to maintain $1.00 per share Net Asset Value (NAV). No investment pool or money market fund can “guarantee” a NAV of $1.00 per share. Investing in any type of security introduces elements of risk. Among those risks are interest rate risk, liquidity risk and credit risk.
STATEMENT OF NET ASSETS 03/31/23 06/30/23 09/30/23 12/31/23 Year-to-Date Assets Investments in securities $ 1,093,389,737 Cash and cash equivalents -
FL SAFE ANNUAL REPORT 2022 7 Management Discussion and Analysis Stable NAV (SNAV) Fund • As of December 31, 2022, SNAV’s net position totaled $782,495,144, up 44.83% from $540,299,757 as of December 31,
Florida Surplus Asset Fund Trust (“FL SAFE”) is a local government investment pool that serves the cash management needs of governments in Florida. FL SAFE seeks to provide competitive yields consistent with the preservation of capital and daily liquidity.
Ratings On Two FL SAFE Funds Affirmed Following Investment Adviser ChangeENGLEWOOD (S&P Global Ratings) Oct. 1, 2024--S&P Global Ratings today affirmed its 'AAAm' principal stability fund rating (PSFR) on the FL SAFE Stable NAV Fund and its 'AAAf/S1' fund credit quality rating (FCQR) and fun. volatility rating (FVR), respectively, on the FL ...