Series 6: 5.5.1.2. LGIP Operations And Fees

5.5.1.2. LGIP Operations and Fees

Whatever the investment strategy, LGIPs typically maintain a minimum level of liquidity to allow participants to redeem their shares and withdraw funds when necessary. Participants may redeem their shares at any time, although there may be short waiting periods. Many municipalities and state agencies expect money to be available for withdrawals for payrolls or other operating expenses.

LGIPs often allow participants