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

	July 20, 2017
Government Obligations
Institutional Prime Obligations
Retail Prime Obligations
Retail Tax Free Obligations
Treasury Obligations
U.S. Treasury Money Market Fund

Monthly Holdings

	JUN 2017	MAY 2017	APR 2017	MAR 2017	FEB 2017	JAN 2017	DEC 2016	NOV 2016	OCT 2016	SEP 2016	AUG 2016	JUL 2016
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 ¦