Current Week and Monthly Holdings

Portfolio Holdings reports include Portfolio Maturity, Portfolio Allocation and, if applicable, Credit Quality and Bank Exposure by Country of Domicile information.

Current Week Holdings

	May 21, 2020
Government Obligations
Institutional Prime Obligations
Retail Prime Obligations
Retail Tax Free Obligations
Treasury Obligations
U.S. Treasury Money Market Fund

Monthly Holdings

	APR 2020	MAR 2020	FEB 2020	JAN 2020	DEC 2019	NOV 2019	OCT 2019	SEP 2019	AUG 2019	JUL 2019	JUN 2019	MAY 2019
Government Obligations
Institutional Prime Obligations
Retail Prime Obligations
Retail Tax Free Obligations
Treasury Obligations
U.S. Treasury Money Market Fund

The funds are required to provide the Securities and Exchange Commission ("SEC") with a monthly electronic filing of more detailed portfolio holdings information on Form N-MFP. To access the fund's publicly available Form N-MFP filings on the SEC's website, click on the appropriate link below.

Click here to access Form N-MFP filings for the Government Obligations Fund.

Click here to access Form N-MFP filings for the Institutional Prime Obligations Fund.

Click here to access Form N-MFP filings for the Retail Prime Obligations Fund.

Click here to access Form N-MFP filings for the Retail Tax Free Obligations Fund.

Click here to access Form N-MFP filings for the Treasury Obligations Fund.

Click here to access Form N-MFP filings for the U.S. Treasury Money Market Fund.

† First American Funds, Inc. began offering shares to the public on April 9, 1982.

Mutual Fund Investing Involves Risk. This material must be preceded or accompanied by a current prospectus. It contains more information that investors should carefully consider about each fund, including risks, charges and expenses: click here to view prospectuses. Please read it carefully before investing.

For U.S Treasury, Treasury Obligations and Government Obligations Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund and you should not expect that the sponsor will provide financial support to the Fund at any time.

For Retail Prime Obligations and Retail Tax-Free Obligations Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund and you should not expect that the sponsor will provide financial support to the Fund at any time.

For Institutional Prime Obligations Fund: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Company or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund and you should not expect that the sponsor will provide financial support to the Fund at any time.

Income from tax exempt funds may be subject to state and local taxes and a portion of income may be subject to the federal and / or state alternative minimum tax for certain investors. Federal and / or state income tax rules will apply to any capital gains distribution.

U.S. Bancorp Asset Management, Inc. serves as investment advisor to First American Funds. The Funds are distributed by Quasar Distributors, LLC, an affiliate of the investment advisor.

The 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 funds outside the United States.

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