Welcome to the Minnesota Association of Governments Investing for Counties 

PLEASE NOTE: The look of the MAGIC website has been updated.  The security and overall functionality remain the same. The new functionality allows for more robust viewing on multiple devices such as tablets and mobile phones.

The Minnesota Association of Governments Investing for Counties ("MAGIC" or the "Fund") is a joint powers entity in the form of a common law trust organized and existing under the laws of the State of Minnesota in accordance with the provisions of the Minnesota Joint Powers Act. The Fund was established in the fall of 1990 for the purpose of allowing Minnesota Counties and instrumentalities of Counties to pool their investment funds to seek the highest possible investment yield, while maintaining liquidity and preserving capital.

Investments designed for Minnesota Counties and Instrumentalities of Counties 

MAGIC provides investments tailored to the specific needs of Minnesota Counties and County instrumentalities, investing only in instruments permitted under Minnesota law.

MAGIC Portfolio offers its Investors a short-term money market portfolio, which offers a competitive rate. The Portfolio seeks to maintain a stable $1.00 per share net asset value and stresses “safety of principal” as its #1 objective.

MAGIC Term  This fixed rate investment offers terms from 60 days to 1 year, and is designed to match the cash flow requirements of Investors with the cash flows from the portfolio.

MAGIC Investors also have access to a range of additional products authorized by the Board of Directors and administered by PFM Asset Management LLC (“PFMAM” or “Investment Adviser”), the Investment Adviser for the Fund.

Distinctive Structure, Specialized Focus 

  • MAGIC is sponsored by the Minnesota Association of County Auditors, Treasurers, and Financial Officers (“MACATFO”) and the Association of Minnesota Counties (“AMC”).
  • MAGIC is owned and operated by the Fund’s Investors, ensuring that the Fund remains focused on the particular needs of Minnesota’s Counties and instrumentalities of Counties.
  • The Fund’s Investors elect members of the Board of Trustees to govern MAGIC – a board that represents the Investors of the Fund and representatives of MACATFO and AMC.
  • The Board of Trustees is responsible for overall management of the Fund, including formulation and implementation of investment and operating policies.

For More Information 

To find out more about how MAGIC can meet your needs, please contact a Fund representative at 1-800-731-7150.

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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 Fund's portfolios. This and other information about the Fund's portfolios is available in the Fund's current Information Statement, which should be read carefully before investing. A copy of the Fund's Information Statement may be obtained by calling 1-800-731-7150 or is available on the Fund's website at While the MAGIC Portfolio seeks to maintain a stable net asset value of $1.00 per share and the MAGIC Term Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Fund's portfolios are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) ( and Securities Investor Protection Corporation (SIPC) ( PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.  


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