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First American Retail Prime Obligations Fund Class Z FZRXX

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Strategy

The investment seeks maximum current income to the extent consistent with the preservation of capital and maintenance of liquidity. The fund invests in high-quality short-term debt obligations, including commercial paper; U.S. dollar-denominated obligations of domestic and foreign banks with total assets of at least $500 million; non-convertible corporate debt securities; securities issued by the U.S. government or one of its agencies or instrumentalities; municipal securities, including variable rate demand notes, commercial paper, and municipal notes and other short-term municipal obligations; and repurchase agreements.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FYRXX	First American Retail Prime Obligations Fund Class Y	—	Open	—	—	Jul 18, 2016	$9.14M	0.450%	—	$0	−$2.61M
FEIXX	First American Retail Prime Obligations Fund Class T	—	Open	—	—	Jul 18, 2016	$14.24M	0.400%	—	$0	$7.23M
FPUXX	First American Retail Prime Obligations Fund Class V	—	Open	—	—	Jul 18, 2016	$34.18M	0.300%	—	$0	$32.14M
FAPXX	First American Retail Prime Obligations Fund Class A	—	Open	—	—	Jul 18, 2016	$473.97M	0.750%	—	$1,000	−$173.58M
FZRXX	First American Retail Prime Obligations Fund Class Z	—	Open	—	—	Jul 18, 2016	$1.63M	0.200%	—	$10M	−$87.25M
FXRXX	First American Retail Prime Obligations Fund Class X	—	Open	—	—	Sep 8, 2016	$2.30B	0.140%	—	$50M	−$507.96M

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