Investment Options

IMPORTANT MESSAGE: Columbus Day holiday

IMPORTANT MESSAGE: Due to the Columbus Day holiday, the Fund will be closed on Monday, October 9, 2023.

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The NJ/ARM Program offers multiple investment options, allowing Investors to customize an investment solution to meet their particular investment needs.

Joint Account: maximum liquidity for bond proceeds and general funds

A professionally managed investment fund with diversified asset classes and maturities that seeks to maintain a constant net asset value of $1.00 per share and limits its average maturity to 60 days.
Separate accounting and subaccounting for a clear audit trail and simplified arbitrage rebate compliance. Unlimited accounts may be opened at no additional cost so that Investors may keep funds segregated.
Rated AAAm by Standard & Poor's.
Daily liquidity and no-fee redemptions either by Federal Reserve wire, Automated Clearing House (ACH) funds, or check.
Competitive overnight rates.

Individual Portfolio: fixed rates for short/long-term investment of bond proceeds or operating reserves

NJ/TERM

Fixed-rate, fixed-term investments for periods of one month up to one year.

Open-Market Securities

Individual securities consisting of U.S. Treasury or short-term Federal Agency securities or other permitted securities.
Individual portfolios are linked to an Investors NJ/ARM Joint Account subaccount(s) for timely reinvestment of all maturities and coupon payments. As a result, an Investor's funds are fully invested at all times.
Procured through competitive bidding process (3 bid minimum) to achieve competitive pricing.
All securities are held in the Investor's name, by the Program Custodian, for a GASB Category 1 designation.

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* 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 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 Standard & Poor's website.

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 units of the NJ/ARM Joint Account, NJ/TERM or any other security. Investors should consider the investment objectives, risks, charges and expenses before investing in the NJ/ARM Joint Account and NJ/TERM. This and other information about the NJ/ARM Joint Account and NJ/TERM are available in the NJ/ARM Information Statement, which contains important information and should be read carefully before investing. A copy of the NJ/ARM Information Statement may be obtained by calling 1-800-535-7829 or is available on the NJ/ARM website at www.njarm.com. While the NJ/ARM Joint Account seeks to maintain a stable net asset value of $1.00 per unit and NJ/TERM investments seek to achieve a net asset value of $1.00 per unit at their stated maturity, it is possible to lose money investing in the NJ/ARM Joint Account and NJ/TERM. An investment in the NJ/ARM Joint Account or NJ/TERM is not guaranteed or insured by the Federal Deposit Insurance Corporation or any other government agency. Units of the NJ/ARM Joint Account and NJ/TERM 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 an affiliate of PFM Asset Management LLC.