Investment Options

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 CSGMWW@pfmam.com.

Texas Range provides four (4) investment options that offer investors the flexibility to manage cash flow and optimize earnings.

Investment Options
	TexasDAILY	TexasDAILY Select	TexasTERM	TexasTERM CD Purchase Program
Investment Period	One day minimum	One day minimum	Minimum 60 days Maximum 1 year	Minimum 90 days Maximum 1 year
Rating	AAAmmf¹	AAAmmf¹	AAAf²	FDIC-Insured
Balance Requirements	No minimum balance	No minimum balance	$100,000 minimum	$97,000 minimum
Additional Deposits	No minimum Unlimited number Direct deposit available	No minimum Unlimited number Direct deposit available	$100,000 minimum	$97,000 minimum
Withdrawals	No minimum Unlimited	No minimum Unlimited	At maturity	At maturity
Transactional Charges/Fees	None	None	None	Up to 25 basis points deducted upfront or prorated monthly
Accounts	Unlimited	Unlimited	Unlimited	Unlimited
Interest Earnings	Calculated daily Paid monthly	Calculated daily Paid monthly	Fixed rate of interest Paid at redemption	Fixed rate of interest Paid at redemption
Statements	Each transaction Monthly Fiscal year-end upon request	Each transaction Monthly Fiscal year-end upon request	Each transaction Monthly	Each transaction Monthly

For More Information

To learn more about how Texas Range can help meet your needs, please email or call 866.839.8376 to speak to a Texas Range Representative.

1 Fitch AAAmmf Rating: portfolios with this rating denote the strongest capacity to achieve the investment objective of preserving principal and providing liquidity through limiting credit, market, and liquidity risk. Please visit fitchratings.com 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.

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This information is for institutional investors, 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 Texas Range Investment Program's (the "Program’s") investment objectives, risks, charges and expenses before investing. This and other information about the Program is available in the Program's Information Statement, which should be read carefully before investing. A copy of the Program's Information Statement may be obtained by calling 1-866-839-8376 or is available on the Program's website at www.texas-range.com. While TexasDAILY and TexasDAILY Select seek to maintain a stable net asset value of $1.00 per share and TexasTERM 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 Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Program’s portfolio 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 Program. 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.