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Investment Options


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

 

 Investment Options 
 TexasDAILYTexasDAILY SelectTexasTERMTexasTERM CD
Purchase Program  
Investment Period
 

One day minimum

One day minimum

Minimum 60 days

Maximum 1 year

Minimum 90 days

Maximum 1 year

Rating
AAAmmf* 
AAAmmf*
 
 AAAf**FDIC-Insured
Balance Requirements No minimum balanceNo 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 maturityAt maturity
Transactional Charges/Fees  NoneNoneNoneUp to 25 basis points deducted
upfront or prorated
monthly
Accounts  UnlimitedUnlimitedUnlimitedUnlimited

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 meet your needs, please email or call 1-866-839-8376 to speak to a Texas Range Representative.

 

*AAAmmf Fitch Rating 
The TexasDAILY and TexasDAILY Select portfolios have received a AAAmmf rating from Fitch Ratings ("Fitch"). The Fitch AAAmmf rating reflects Fitch's review of the portfolios' overall credit quality and diversification and low exposure to interest rate and spread risks as well as the capabilities and resources of PFM Asset Management LLC as investment adviser. According to Fitch's rating criteria, the AAAmmf rating signifies an extremely strong capacity to achieve the portfolios' investment objective of preserving principal and providing shareholder liquidity through limiting credit, market, and liquidity risk. However, it should be understood that this rating is not a "market" rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology, visit Fitch Ratings.

**AAAf Fitch Rating 
The TexasTERM portfolio has received a AAAf rating from Fitch. The rating reflects Fitch's review of the TexasTERM portfolio’s investment and credit guidelines, the portfolio's credit quality and diversification, as well as the capabilities of PFM Asset Management LLC as investment adviser. The Fitch AAAf rating indicates the highest underlying credit quality (or lowest vulnerability to default). However, it should be understood that this rating is not a "market" rating nor a recommendation to buy, hold or sell the securities. For a full description on rating methodology visit Fitch Ratings.

 

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Account Access and Sign In Button – Domain Name Change

We are transitioning the Account Access (EON) page and this website’s Sign In button domain name from am-auth.pfm.com to am-auth.pfmam.com effective October 23, 2021.

Should you encounter any issues accessing this new site, please inform your IT professionals to allow access to the new domain name *.pfmam.com to ensure that you can continue to visit Account Access (EON) and Sign In to password-protected areas of this website.

If you have any questions, please reach out to our Texas Range team at CSGSouthRegion@pfmam.com or call 866.839.8376.


 


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 are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.




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