Board of Trustees

The MAGIC Board of Trustees is composed of finance officials and treasurers, all of whom are employees of Minnesota Counties and instrumentalities of Counties which are participants in the Fund. The Trustees are responsible for the overall management of the Fund, including formulation of its investment and operating policies. In addition, they select and oversee the activities of the Investment Adviser, the Custodian, and other agents of the Fund and monitor the investment performance of the Fund.

Board of Trustees
*STEVEN NOTCH, CHAIR (2025)* Commissioner Stearns County	*SHARON EUERLE, VICE-CHAIR (2025)* Treasurer Meeker County
*CORY KAMPF (2024)* CFO/Finance & Central Services Division Manager Anoka County	*JACK SWANSON (2025)* Commissioner Roseau County
*NANCY NILSEN (2024)* Auditor/Treasurer St. Louis County	*MICHELLE KNUTSON (2024)* Auditor/Treasurer Big Stone County
*DAVID LIESER (2024)* Commissioner Chippewa County	*MIKE SLAVIK (2024)* Commissioner Dakota County
*AUSTIN ROHLING (2025)* Auditor/Treasurer Itasca County
EX-OFFICIO TRUSTEE JULIE RING Executive Director Association of Minnesota Counties	EX-OFFICIO TRUSTEE MICHELLE MAY Auditor-Treasurer Chippewa County

IMPORTANT MESSAGE: Christmas Day holiday

IMPORTANT MESSAGE: Due to the Christmas Day holiday, the Fund will be closed on Wednesday, December 25, 2024.

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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 www.magicfund.org. 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 are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Fund. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.