Investment Management & Arbitrage Rebate Program
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The IFA Investment Management & Arbitrage Rebate Program is available for the investment of proceeds of bond and other proceeds issued on behalf of clients of the Illinois Finance Authority and other Illinois issuers.

The IFA Investment Management Program provides professional management with customized investment strategies developed to meet the overall objectives of safety, liquidity and return.

Each client's specific investment needs and goals are the basis for development of a customized investment strategy.

The IFA Investment Management Program also offers complete arbitrage rebate tracking and calculation services and detailed investment accounting and reporting.

The following professionals provide services for the IFA Investment Management Program:

Sponsor:
Illinois Finance Authority is Illinois' statewide conduit issuer of tax-exempt bonds serving healthcare, higher education, business, nonprofit, agriculture and local government clients throughout Illinois.

Investment Adviser and Program Manager:
PFM Asset Management LLC is a leading provider of investment programs for bond proceeds. PFM and its related companies have provided financial and investment services to more than 8,000 government and nonprofit institutions in over 35 states.

Custodian:
US Bank N.A.

The links above are third-party websites which are external to the Program's website, and as such are not controlled by the Program. Clicking on these links will open an additional window in your browser. You will not leave the Program's website. The Program has not participated in the preparation of the material on the third-party websites, and the Program does not explicitly or implicitly endorse or approve the information on the website.





IllinoisPrime Shares are a class of the Prime Portfolio of the Commonwealth Cash Reserve Fund, Inc. (the "Fund"). This information does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security in any jurisdiction, or for the benefit of any person. Investors should consider the investment objective, risks, charges, and expenses before investing in any of the Fund's portfolios. This and other information about the Fund is available in the Fund's current Prospectus, which should be read carefully before investing. A copy of the Fund's Prospectus may be obtained by calling 1-866-690-4432 or is available on the Fund's website at www.il-fa.com/bondproceeds. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Shares of the Fund are offered and distributed solely by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.

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