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Organized in 2010, Florida Public Assets for Liquidity Management (FL PALM or the Trust) offers a short-term investment program for Florida Public agency investors. The Trust offers a fully liquid, variable rate investment option known as the FL PALM Portfolio, and the ability for participants to invest in shares of fixed-rate, fixed-term investments through the FL PALM Term Portfolio.

FL PALM

FL PALM is a common law trust organized under the laws of The State of Florida and is designed to meet the cash management and short-term investment needs of school districts, political subdivisions of the State or instrumentalities of political subdivisions of the State. The Trust's investment objective is to provide investors with the highest possible investment yield, while maintaining liquidity and preserving capital. FL PALM is directed by a Board of Trustees, which is made up of experienced school board members, superintendents, public agency officials, and an Advisory Committee of senior finance officers from member Districts and public agencies. The Florida School Boards Association (FSBA) and the Florida Association of District School Superintendents (FADSS) sponsor the Fund.

Documents	Description
Fund Fact Sheet	Performance and fund diversification information on the pool as of August 31, 2024
Monthly Portfolio Summary	Pool holdings and additional characteristics as of June 30, 2024
Information Statement	A detailed description of FL PALM

FL PALM Portfolio Highlights

A short-term portfolio rated AAAm by S&P Global¹
Daily liquidity
2:00 p.m. Eastern Time same-day wire transaction deadline
4:00 p.m. Eastern Time next-day ACH transaction deadline
Online transaction and reporting access available at all times
$10,000 minimum investment
Availability to establish multiple accounts and multiple standing wire and ACH instructions
Unlimited investments and redemptions
Designed for the investment of all typical school and government fund categories:

General and operating funds
Proceeds from debt issuance
Capital reserves
Debt service reserve funds

Arbitrage rebate analysis and calculation offered at special pricing for FL PALM shareholders who have proceeds from debt issues invested with the Fund.

FL PALM Term Portfolio Highlights

A fixed-rate fixed-term portfolio rated AAAf² by Fitch Ratings
Investments offered with maturity dates up to one year
Principal investment and dividend paid at maturity
A variety of investment dates available to meet your specific cash flow needs
12:00 p.m. Eastern Time same-day investment deadline
Online transaction and reporting access available all the time
$1,000,000 minimum investment
Unlimited investments and redemptions through the FL PALM Portfolio
Designed for the investment of all typical school and government fund categories:

General and operating funds
Proceeds from debt issuance
Capital reserves
Debt service reserve funds

1 S&P Global AAAm Rating: S&P evaluates a number of factors, including credit quality, market price, exposure, and management. Please visit SPGlobal.com/Ratings for more information and ratings methodology.

2 Fitch AAAf Rating: portfolios with this rating indicate having the highest underlying credit quality. Please visit fitchratings.com for more information and ratings methodology.

Updated Information Statement Available

An updated Information Statement, dated October 1, 2024, is now available for review. Please click here to access the document. If you have any questions, please email CSGEast@pfmam.com.

Alert: Technical Issue

Due to a technical issue, the publication of monthly statements for fixed income separately managed accounts will be delayed. We are working to resolve this issue as soon as possible.

We apologize for any inconvenience. Should you have questions or require assistance, please contact your Relationship Manager or the Client Services Group.

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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 Florida Public Assets for Liquidity Management (the “Fund” or “FL PALM”) investment objectives, risks, charges and expenses before investing. This and other information about the Fund is available in the Fund's Information Statement, which should be read carefully before investing. Copies of the Fund's Information Statement may be obtained by calling 1-877-495-8246 or are available on the Fund's website at www.fl-palm.com. While the FL PALM Portfolio seeks to maintain a stable net asset value of $1.00 per share and the FL PALM Term portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Fund are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Fund. 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.