Fund Description

The fund was incepted in September 2001 and is managed by U.S. Bancorp Asset Management. The fund seeks a high level of current income consistent with limited risk to capital. The investment team allocates the fund in a balanced strategy among different First American funds to provide high current income consistent with limited risk to capital. The fund has limited exposure to equities to help offset inflation and provide a source of potential increases in income over time. Over the long term, the fund's asset mix is likely to average approximately 25% stocks and 75% bonds. Dividends are declared and paid monthly. Capital gains, if any, are distributed annually.