PFM Managed Fund's Return Is Top Ranked

PHILADELPHIA, March 11 /PRNewswire/ -- The iMoneyNet's Rated Money Fund Report, which annually ranks AAA-rated money funds, has reported that the total return of the PFM Funds Government Series for 2009 was the highest total return achieved among the 278 AAA-Rated Government funds that report performance data to iMoneyNet in the publication's Government Fund Category.  The PFM Funds Government Series invests exclusively in U.S. Treasury and Federal Agency obligations. It is rated "AAAm" by Standard & Poor's and Aaa by Moody's Investors Service, and had over $427 million in assets at December 31, 2009.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20091028/PH00754LOGO-b )

Marty Margolis, Chief Investment Officer of PFMAM and a Managing Director of The PFM Group, commented today on the recent award, noting "We are extremely gratified that the 2009 performance of PFM Funds Government Series has been recognized by iMoneyNet.  In the current interest rate environment, where clients are looking for both performance and stability, PFM Asset Management is quite pleased to be recognized by an independent group like this for our results."

PFM Funds is a registered investment company offering two no-load money market mutual funds for institutional investors: the Prime Series and the Government Series. Both investment funds seek to provide shareholders with safety of principal, liquidity and a market rate of return by investing in high quality, short-term money market instruments. The funds are specifically designed to meet the cash management and bond proceeds investment needs of public sector investors such as municipalities, other governmental agencies and political subdivisions, but are also considered suitable for institutions such as corporations, universities, hospitals and not-for-profit organizations looking for conservative investment vehicles.

The PFM Funds Government Series is managed by PFM Asset Management LLC, which currently has $37 billion in assets under management, and provides non-discretionary advice for an additional $3.2 billion in fixed income securities. PFM's clients are state and local governments, non-profit corporations, and similar institutional investors.

SOURCE The PFM Group