U.S. Bancorp Asset Management’s core strength and focus is managing investment-grade fixed income strategies for institutional and retail clients. A registered investment adviser, we have been providing fixed income investment solutions since 1982.1 Whether you seek the custom features of a separately managed portfolio, the daily liquidity offered by a money market fund, or the potential to generate incremental portfolio returns from our securities lending program, our experienced professionals can help you achieve your cash management goals. 1 The firm began offering shares of money market funds to the public on April 9, 1982 through predecessor organizations. Mutual fund investing involves risk. Investors should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other information: call 800.677.3863 or visit www.FirstAmericanFunds.com for a copy. Please read it carefully before investing. U.S. Bancorp Asset Management, Inc. is a registered investment adviser and subsidiary of U.S. Bank National Association. U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. U.S. Bancorp Asset Management, Inc. serves as investment adviser to First American Funds. The funds are distributed by Quasar Distributors, LLC. ¦ NOT FDIC INSURED ¦ NO BANK GUARANTEE ¦ MAY LOSE VALUE ¦ © Copyright 2021 | U.S. Bancorp Asset Management, Inc.