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 $129 billion in assets as of March 31, 2021. First American money market funds are advised by U.S. Bancorp Asset Management, Inc.
U.S. Bancorp Asset Management is a Minneapolis-based U.S. asset management firm with more than $160 billion in assets under management in money market funds and other investment grade fixed income and liquidity management investment strategies, as of March 31, 2021. 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:
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First American Funds is governed by a wholly independent Board of Directors. 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. U.S. Bancorp Asset Management’s parent, U.S. Bank National Association, is the fifth-largest commercial bank in the United States.*
*Source: federalreserve.gov/releases. Ranking as of December 31, 2020.