The Pennsylvania Local Government Investment Trust (PLGIT) was organized in May 1981 as a joint investment fund for Pennsylvania public units. It is sponsored by the Pennsylvania State Association of Boroughs and other local government sister organizations. PLGIT invests in only those types of investment instruments that are permissible under Pennsylvania statutes and regulations. Because PLGIT invests on a much larger scale, the potential yield is higher than most municipalities can obtain on their own.

Local governments may establish as many PLGIT accounts as they wish: for example, accounts might be opened for the general fund, recreation fund, liquid fuels, sewer fund, etc. Multiple accounts provide a clear audit trail. Each account receives month/end or quarter/end results plus fiscal year/end statements. PLGIT offers many direct deposit programs including: State and Federal subsidies, Department of Community and Economic Development grants and ACT 511 taxes.

Investment Options
PLGIT is a money market type portfolio with its yield computed daily. It offers several types of shares that are liquid in which participants may invest.

PLGIT-CLASS
A money market type account where you receive free checking, no out of pocket fees, no required minimum balance, and interest is earned on 100% of your balance. Interest is credited monthly.

PLGIT PLUS
A money market type account for initial investments of $50,000 or more for a minimum of 30 days. Additional deposit arrangements are available per PLGIT program guidelines. Interest is credited quarterly.

PLGIT I-CLASS
A money market type account, for initial investments of $50,000 or more for a minimum of 30 days. Additional deposit arrangements are available per PLGIT program guidelines. One withdrawal per calendar month is permitted and all transactions are completed through PLGIT's Easy Online Network. Interest is credited quarterly.

PLGIT ARM
A money market type portfolio for the investment of bond proceeds. PLGIT ARM is designed to assist Participants investing tax-exempt proceeds to comply with certain IRS arbitrage requirements. PLGIT ARM comes with free checking, and competitive interest earnings are paid on 100% of the balance monthly. Arbitrage services are also provided at no separate charge.


Fixed Rate Programs

PLGIT TERM is a fixed-term, fixed-rate investment portfolio with the maturity of up to one year, depending upon the termination date of any particular series within the portfolio. Minimum investment period is 60 days and a minimum balance of $100,000 is required. Interest is paid upon maturity.

PLGIT-CD Purchase Program is designed to assist Participants to directly purchase CDs that are fully insured by the Federal Deposit Insurance Corporation (FDIC). Purchases are made from a designed account of the PLGIT portfolio and upon maturity; interest and the principal will be paid by the financial institution issuing the CD and deposited into the designated PLGIT account. The PLGIT-CD Purchase Program is not a portfolio of the Trust. For more information regarding the Purchase CD Purchase Program, please call 1-800-572-1472.

In addition to these deposit and investment services, PLGIT also offers: Bond Pools - Variable rate loan programs for Pennsylvania local governments. Loans are available for capital projects in the range of $1 to 20 million.

PLGIT Debit Card/Credit Card - This merchant services program gives participating entities the ability to accept debit and credit cards for fees, fines, permits, taxes, etc. Funds are available in the PLGIT account the next business day.

Procurement Card Program - The Procurement Card looks and operates like a credit card but does not carry a revolving line of credit. Using a procurement card to make purchases eliminates the typical requisition, purchasing, receiving and accounts payable processes and other time consuming steps and costs involved in purchases. There is no cost to join the Procurement Card Program and individual card limits can be set by transaction, vendor or time period, controlling maverick purchases and contractor/vendor usage. A cash rebate of the total annual purchases is available to boroughs who reach the eligibility level.


PLGIT is governed by a Board of Trustees, each of whom is a Pennsylvania local government official or employee elected annually by the Trust Participants. Trustees represent each of the governing associations. The Trust's Investment Advisor and Administrator is PFM Asset Management LLC; the legal counsel is Saul Ewing LLP; and the auditor is Ernst & Young LLP.

PLGIT has been organized under the authority of the Intergovernmental Cooperation Act, and is a legal investment for Pennsylvania local governments. To join PLGIT, a local government must enact an ordinance and complete a W-9 and application. A model ordinance is provided by the Trust. To receive more information and current rates please call your marketing representative at 1-800-572-1472.

This information 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 investment objectives, risks, charges and expenses before investing in any of the Trust's portfolios. This and other information about the Trust's portfolios is available in each portfolio's current Information Statement, which should be read carefully before investing. Copies of these Information Statements may be obtained by calling 1-800-572-1472 or are available on the Trust's website at www.plgit.com. While the PLGIT and PLGIT/ARM portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/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 Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Trust's portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

A description of the PLGIT CD Program is contained in the PLGIT Information Statement. The Information Statement contains important information and should be read carefully before investing. Participants may purchase Certificates of Deposit through the PLGIT CD Program only by executing an investment advisory agreement with the Program's Investment Adviser, PFM Asset Management LLC.

SMPLGIT, PLGIT-Class Shares, PLGIT/PLUS-Class Shares, PLGIT/I-Class Shares, PLGIT/TERM, PLGIT-CD and PLGIT/ARM are service marks of the Pennsylvania Local Government Investment Trust.

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