PSBA 2021 Bulletin November/December PSBA 2021 Bulletin November/December - Page 25
• All Investments Fully Comply with PA School Code
• Competitive Investment Yields
• Rated AAAm by Standard & Poor ’ s
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PSDLAF is Sponsored by PASBO & PSBA
AAAm Rating- The rating is based on Standard and Poor ’ s analysis of the fund ’ s credit quality , market price exposure , and management . The 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 the rating is neither a “ market ” rating nor a recommendation to buy , hold or sell securities . This does not purport to be a complete statement of all material facts relating to securities mentioned . The information contained , while not guaranteed as to accuracy or completeness , has been obtained from sources , which we believe to be reliable . Opinions expressed herein are subject to change without notice . This notice shall not constitute an offer to sell or the solicitation of an offer to buy , nor shall there be any sale of these securities in any state in which said offer , solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state . Please refer to the PSDLAF Information Statement for any questions at www . psdlaf . org . © 2021 PMA Financial Network , LLC .