Our Results

You need a partner you can depend on to create opportunities and help reduce portfolio risk. Our innovative specialty diversifiers can help you reduce portfolio risk differently.

Our process is designed to deliver results you can depend on. We are an investment-process-driven company. Our process combines quantitative and qualitative analysis with portfolio manager insight to uncover opportunities.

Our specialty diversifiers have 4-5-Star Morningstar ratings.
Our specialty diversifiers had below-average risk and above-average performance as of 12/31/2009. Click here to see how the risks and returns of our specialty diversifiers compared with their Morningstar peer category during different periods.

Past performance does not guarantee future results.

Strong Morningstar Ratings^TM

First American Funds, Class Y, for the periods 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.

Click here for more information about Morningstar Ratings.

*Investment performance reflects fee waivers. Without such waivers, total returns would be reduced.

These ratings are for Class Y shares only; other classes may have different performance characteristics.

See how these funds provide below-average risk and above-average performance.

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Specialty diversifier risk/return

Access to Experts

Specialty Diversifiers

Mutual Funds

Diversification does not assure a profit or protect against a loss in a declining market.

Investing in specific sectors such as real estate may involve greater risk and volatility than more diversified investments. Risks include declines in real estate values along with changing economic conditions, property taxes, tax laws, and interest rates.

Investing in specific sectors such as infrastructure-related securities may involve greater risk and volatility than more diversified investments. Risks include greater exposure to adverse economic, regulatory, political, and other changes affecting such securities.

The fund invests in small-cap companies, which involve additional risks such as limited liquidity and greater volatility.

The fund invests in mid-cap companies, which involve additional risks such as limited liquidity and greater volatility.

First American asset allocation funds invest in various underlying First American funds. Generally, your cost to invest in asset allocation funds will be higher than the cost to invest in shares of the underlying funds. Asset allocation funds are exposed to the risks of the underlying funds in proportion to each fund's allocation. Investment risks include, but are not limited to, volatility and additional risks related to small- and mid-cap stocks and real estate securities; political, economic, and currency risk related to foreign securities; and interest-rate risk related to investing in debt securities.

Mutual fund investing involves risk; principal loss is possible.

Click here to view prospectuses. A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information. Please read carefully before investing.

FAF Advisors, Inc. serves as investment advisor to First American Funds. First American Funds are distributed by Quasar Distributors, LLC, an affiliate of the investment advisor.

The First American funds referred to in this website may be offered only to persons in the United States. This website should not be considered a solicitation or offering of shares of the First American funds outside the United States.

¦ NOT FDIC INSURED ¦ NO BANK GUARANTEE ¦ MAY LOSE VALUE ¦

Our Results

Strong Morningstar RatingsTM

See how these funds provide below-average risk and above-average performance.

Related Links

Strong Morningstar Ratings^TM