First American Prime Obligation I

The investment seeks maximum current income to the extent consistent with the preservation of capital and maintenance of liquidity.
The fund normally invests in high-quality short-term debt obligations. The portfolio managers will only purchase (and hold) securities in the fund if they are rated in the top short-term rating category, for example, a rating of A-1 or a rating of Prime-1. The fund will limit its collective investments in dollar-denominated obligations of foreign branches of domestic banks and in dollar-denominated obligations of foreign banks and foreign corporations to less than 25% of its total assets.

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