SBA INVESTMENT ADVISERS
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Class 1
   •   US Government Treasury Bills, Notes and Bonds
•   FNMA / FHLMC Agency debt
•   Bank CD’s Over $250,000 collateralized with Treasuries
•   Bank Deposits under $250,000
•   ‘Treasury’ class Money Market mutual funds
Class 2
   •   Other Agency debt
•   ‘Treasury’ class money market pooled funds
•   ‘Government’ class money market mutual funds
Class 3
   •   Bank demand deposits over $250,000
•   ‘Government’ class money market pooled funds
•   ‘Prime’ class money market mutual funds
Class 4
   •   Bank CD’s over $250,000/under 30 days
•   Non – Financial Commercial Paper
•   ‘Prime’ class money market pooled funds
Class 5
   •   Bank CD’s over $250,000/longer than 30 days
•   Financial Commercial Paper
Investment Risk Classes
Definitions:

‘Treasury’ Class
Invests only in US Treasury and Treasury-backed repurchase agreements.

‘Agency’ Class
Invests only in Treasury, Agency and Treasury/Agency repurchase agreements.

‘Prime’ Class
Invests in Treasury, Agency, Commercial Paper, Bank CD’s, and repurchase agreements

Non-financial commercial paper
Short term corporate debt

Financial commercial paper
Short term corporate debt issued by a financial firm or financial arm of a corporation
“Investment Risk” categorizations are entirely the opinion of SBA Investment Advisers based on our knowledge and
experience with fixed income investments. It is in no way intended to be individual investment advice or a
recommendation to buy or sell securities. Clients with additional questions about their investment portfolios should
contact SBA Investment Advisers directly at 734-668-6688.