17290_Authority_February_2024

56 The Authority | FEBRUARY 2024 the performance of service providers such as the investment advisor/ administrator, legal counsel, auditors and others. The Board also reviews proposals and contracts for new services and vendors for the Trust. Monitoring the performance of the PLGIT portfolio. PLGIT Trustees are responsible for being informed and aware of the performance of PLGIT investments and how their own policy decisions may be affecting that performance. Receiving and reviewing the annual audit. Not only is the PLGIT Board of Trustees responsible for selecting the firm that audits its accounts each year, but it is also responsible for reviewing the finished audit and communicating its results to Investors. Participating in specialized committees. Each PLGIT Trustee serves on at least one of the following committees in addition to participating in meetings of the entire Board of Trustees: Audit. Works closely with the Trust’s auditor in the preparation of the annual audit. Bond Pool. Reviews the mechanics of the Emmaus bond pool to help ensure availability of funds for variable-rate borrowings. Contracts. Reviews all contracts entered into by PLGIT with its service providers and vendors. Participants Services. Works with service providers to evaluate and give advice on current and potential services and investment options for PLGIT Investors. Executive. Oversees the work of all other committees and is responsible for broad strategic decision making of the Trust. Provide input on products and services. Because PLGIT Trustees represent a variety of sizes and PLGIT article continued from page 29. types of municipalities and schools, they offer input on new programs and services that will have the most usefulness for the greatest number of Investors, such as the PLGIT-CD Purchase Program. All of these responsibilities come under the umbrella of the Board’s duty to ensure that investments remain consistent with the policies of the Trust. Trustees serve as the eyes and ears of the municipalities and schools they represent and serve as advocates for those entities as well as for the Trust. For more information about the work of PLGIT’s Board of Trustees, contact your PLGIT representative, or visit www.plgit.com. S Tamara Kemmler is a Senior Marketing Representative with PLGIT, serving investors in the western part of the state. She can be reached at kemmlert@pfmam.com . Important Disclosure Information 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 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 the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www. plgit.com. While the PLGIT and PLGIT/ PRIME 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 government agency. Shares of the Trust’s portfolios 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.