About FAFIX
First American Money Market Fund Institutional Shares is a money market mutual fund designed to provide institutional investors with maximum current income and daily liquidity while maintaining capital preservation. The fund primarily invests in high-quality, short-term instruments, including U.S. Treasury obligations and other securities backed by the full faith and credit of the U.S. government, as well as certain collateralized repurchase agreements. By adhering to strict regulatory requirements—including limiting investments to securities with maturities of less than 397 days and maintaining a stable net asset value per share of $1.00—the fund aims to minimize credit and interest rate risk.
This fund serves as a short-term cash management vehicle for institutional clients such as corporations, endowments, pension plans, and other large entities. Its portfolio management team, comprised of experienced professionals, ensures ongoing compliance with liquidity and quality standards set by regulators and rating agencies. The fund is rated AAAm by Standard & Poor's and Aaa-mf by Moody’s, underscoring its focus on safety and stability. It plays a pivotal role in financial markets, offering a secure option for managing excess cash, facilitating efficient transactions, and providing predictable liquidity for institutional investors.
Fund Family First American
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FAFIX
FAFIX had a total return of -1.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.04%.
