With the First American International Select Fund, you obtain the potential performance and diversification benefits offered by a wide array of stocks from both developed and emerging markets. You also benefit from the combination of the strategic oversight from First American funds with stock selection by top-notch international managers.
First American Funds, Class Y, for the period ended 6/30/2010 For funds with at least a three-year history, a Morningstar Rating™ is based on a risk-adjusted return measure (including the effects of sales charges, loads, and redemption fees) with emphasis on downward variations and consistent performance. The Morningstar Overall Rating™ for a fund is derived from a weighted average of the fund’s three-, five-, and 10-year (if applicable) risk-adjusted return measures and Morningstar Ratings metrics.
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Past performance does not guarantee future results.
These ratings are for Class Y shares only; other classes may have different performance characteristics.
Innovative specialty diversifier
Historically, international equity diversifiers have enhanced portfolio returns with only a minimal increase in risk. As the hypothetical chart below illustrates, adding a 20% allocation of developed and emerging market stocks to a portfolio of U.S. large-cap stocks and investment-grade bonds improved portfolio returns by 40% with only a 3% increase in risk over the past 10 years.
Specialty Diversifiers Have Helped Achieve Higher Total Portfolio Returns
Hypothetical Portfolio Returns with International Select Diversifier (10 years - ended 6/30/2010)
Source: Morningstar Direct
The returns and risk in this chart represent the past performance of the indices and should not be viewed as a guarantee of future index or investment performance. The portfolios in the chart are rebalanced monthly. The chart is designed to illustrate the potential benefit of allocating a portion of your portfolio to equity income stocks. Percents selected are for illustrative purposes only; amounts appropriate for individual clients should be based on individual needs. It does not represent the past performance of the First American International Select Fund, which may be found by clicking here.
Index Returns and Standard Deviation for the 10 years ended June 30, 2010. Large cap stocks are represented by the unmanaged S&P 500 Index, which tracks the performance of 500 U.S. large company stocks (returns: -1.59%; standard deviation: 16.16). U.S. investment-grade bonds are represented by the Barclays Capital Aggregate Bond Index, which tracks the performance of U.S. investment-grade bonds (return: 6.47%; standard deviation: 3.80). Foreign developed and emerging market stocks are represented by the unmanaged MSCI AC World Index Ex. U.S., which tracks the performance of stocks representing developed and emerging markets around the world that collectively comprise most foreign markets (return: 2.29%; standard deviation: 18.94).
Market indices do not include fees. You cannot invest directly in an index.
