Welcome to First American Funds

Smiling businesswoman shaking hands with client before meeting in office


First American Funds focuses on money market funds, offering taxable and tax-free money market funds in multiple share classes to meet the needs of our clients. First American Funds had more than $142 billion in assets as of June 30, 2024. First American money market funds are advised by U.S. Bancorp Asset Management, Inc.

Our Investment Advisor

U.S. Bancorp Asset Management is a Minneapolis-based U.S. asset management firm with more than $173 billion in assets under management in money market funds and other investment grade fixed income and liquidity management investment strategies, as of June 30, 2024. More than 80 employees put their collective skills and expertise to work for the benefit of shareholders.

In addition to First American money market funds, U.S. Bancorp Asset Management offers institutional investors a variety of fixed income investment strategies, including:

  • Separately Managed Accounts: U.S. Bancorp Asset Management provides separately managed accounts for institutional investors including corporations, public entities and non-profits. Investment strategies and products can be tailored to the investor’s specific needs. 
  • Other Products and Services: In addition to providing fixed income investment strategies, U.S. Bancorp Asset Management administers the securities lending program of U.S. Bank National Association.

For additional information about our products and services, please contact us.

Governance and Leadership

First American Funds is governed by a wholly independent Board of Trustees. Management is provided by the leadership team of the funds' investment advisor, U.S. Bancorp Asset Management. The leadership team is comprised of experienced executives representing each segment of the business.