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Trending ETFs

Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$101 M

0.00%

0.56%

Vitals

YTD Return

1.0%

1 yr return

3.0%

3 Yr Avg Return

1.5%

5 Yr Avg Return

1.3%

Net Assets

$101 M

Holdings in Top 10

34.4%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$1.00

$101 M

0.00%

0.56%

FFCXX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Retail Tax Free Obligations Fund
  • Fund Family Name
    First American Funds Inc
  • Inception Date
    Jan 09, 1995
  • Shares Outstanding
    17631774
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

Under normal market conditions, Retail Tax Free Obligations Fund invests at least 80% of its total assets in high-quality, short-term municipal securities that pay interest that is exempt from federal income tax, including the federal alternative minimum tax. The municipal securities in which the fund invests include variable rate demand notes (VRDNs) and tender option bonds (TOBs), which are floating rate instruments that provide the fund with the option to put or tender the VRDN or TOB back to the issuer at par. VRDNs and TOBs typically have some form of external credit or liquidity support. The fund also may invest in other municipal securities, including commercial paper, municipal notes and other short-term municipal obligations.

Municipal securities are issued by state and local governments, and certain U.S. territorial possessions, to finance public infrastructure projects such as streets and highways, schools, water and sewer systems, hospitals, and airports. They also may be issued to refinance outstanding obligations as well as to obtain funds for general operating expenses and for loans to other public institutions and facilities. There are two principal classifications of municipal securities:

general obligation bonds, which are backed by the full faith, credit, and taxing power of the issuer; and
revenue bonds, which are payable only from the revenues generated by a specific project or from another specific revenue source.

Under normal market conditions, up to 20% of the fund’s total assets may be invested in taxable money market securities and municipal securities subject to the alternative minimum tax, although the fund does not currently intend to invest in municipal securities subject to the alternative minimum tax.

Because the fund refers to tax-free investments in its name, it has a fundamental investment policy that it will normally invest its assets so that at least 80% of the income that it distributes will be exempt from federal regular income tax, including the federal alternative minimum tax. This policy may not be changed without shareholder approval.

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FFCXX - Performance

Return Ranking - Trailing

Period FFCXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% 0.5% 1.8% 66.28%
1 Yr 3.0% 2.1% 5.3% 62.79%
3 Yr 1.5%* 1.0% 2.6% 65.28%
5 Yr 1.3%* 0.6% 1.9% 26.25%
10 Yr 0.8%* 0.4% 1.1% 44.44%

* Annualized

Return Ranking - Calendar

Period FFCXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 58.14%
2022 0.0% 0.0% 0.0% 56.98%
2021 0.0% 0.0% 0.0% 53.85%
2020 0.0% 0.0% 0.0% 54.05%
2019 0.0% 0.0% 0.0% 57.69%

Total Return Ranking - Trailing

Period FFCXX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% 0.5% 1.8% 66.28%
1 Yr 3.0% 2.1% 5.3% 62.79%
3 Yr 1.5%* 1.0% 2.6% 65.28%
5 Yr 1.3%* 0.6% 1.9% 26.25%
10 Yr 0.8%* 0.4% 1.1% 44.44%

* Annualized

Total Return Ranking - Calendar

Period FFCXX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% 2.0% 5.4% 48.84%
2022 0.8% 0.2% 1.2% 59.30%
2021 0.3% 0.0% 0.3% 1.28%
2020 1.3% 0.0% 1.3% 4.05%
2019 0.7% 0.0% 2.7% 76.92%

NAV & Total Return History


FFCXX - Holdings

Concentration Analysis

FFCXX Category Low Category High FFCXX % Rank
Net Assets 101 M 3.67 M 19.7 B 89.53%
Number of Holdings 66 1 921 80.23%
Net Assets in Top 10 187 M 40.6 M 17.4 B 59.30%
Weighting of Top 10 34.35% 9.8% 100.0% 39.53%

Top 10 Holdings

  1. TEXAS ST 4% 5.04%
  2. TEXAS ST 4% 4.35%
  3. CLARK CNTY NEV ARPT REV 0.1% 4.22%
  4. Texas A&M University 4.16%
  5. Texas A&M University 4.16%
  6. Texas A&M University 4.16%
  7. Texas A&M University 4.16%
  8. Texas A&M University 4.16%
  9. Texas A&M University 4.16%
  10. Texas A&M University 4.16%

Asset Allocation

Weighting Return Low Return High FFCXX % Rank
Bonds
79.86% 0.00% 99.21% 66.28%
Cash
20.14% 0.79% 100.00% 37.21%
Stocks
0.00% 0.00% 0.00% 56.98%
Preferred Stocks
0.00% 0.00% 0.00% 56.98%
Other
0.00% 0.00% 0.00% 56.98%
Convertible Bonds
0.00% 0.00% 0.00% 56.98%

Bond Sector Breakdown

Weighting Return Low Return High FFCXX % Rank
Municipal
79.86% 0.00% 99.21% 66.28%
Cash & Equivalents
20.14% 0.79% 100.00% 37.21%
Derivative
0.00% 0.00% 0.00% 56.98%
Securitized
0.00% 0.00% 0.00% 56.98%
Corporate
0.00% 0.00% 0.00% 56.98%
Government
0.00% 0.00% 13.45% 61.63%

Bond Geographic Breakdown

Weighting Return Low Return High FFCXX % Rank
US
79.86% 0.00% 99.21% 66.28%
Non US
0.00% 0.00% 0.00% 56.98%

FFCXX - Expenses

Operational Fees

FFCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.15% 1.77% 32.56%
Management Fee 0.10% 0.08% 0.49% 12.79%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.13% 0.05% 0.55% 74.14%

Sales Fees

FFCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FFCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FFCXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 0.00% N/A

FFCXX - Distributions

Dividend Yield Analysis

FFCXX Category Low Category High FFCXX % Rank
Dividend Yield 0.00% 2.19% 5.18% 68.60%

Dividend Distribution Analysis

FFCXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FFCXX Category Low Category High FFCXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 62.79%

Capital Gain Distribution Analysis

FFCXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FFCXX - Fund Manager Analysis

Managers

Management Team


Start Date

Tenure

Tenure Rank

Dec 02, 2003

18.51

18.5%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 14.3 15.26