Institutional Prime Obligations Fund
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.0%
1 yr return
5.3%
3 Yr Avg Return
3.1%
5 Yr Avg Return
2.1%
Net Assets
$157 M
Holdings in Top 10
31.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.34%
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 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FPIXX - Profile
Distributions
- YTD Total Return 3.0%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 5.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInstitutional Prime Obligations Fund
-
Fund Family NameFirst American Funds Inc
-
Inception DateMar 31, 2006
-
Shares Outstanding49115140
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Institutional Prime Obligations Fund invests in high-quality short-term debt obligations, including:
● | commercial paper; |
● | U.S. dollar-denominated obligations of domestic and foreign banks with total assets of at least $500 million (including fixed and variable rate certificates of deposit, time deposits, and bankers’ acceptances); |
● | non-convertible corporate debt securities; |
● | securities issued by the U.S. government or one of its agencies or instrumentalities; |
● | municipal securities, including variable rate demand notes, commercial paper, and municipal notes and other short-term municipal obligations; |
● | loan participation interests; and |
● | repurchase agreements. |
The fund concentrates its investments in the banking industry. Therefore, under normal market conditions, the fund will invest more than 25% of its total assets in obligations issued by companies in the banking industry. The fund may, however, invest 25% or less of its total assets in this industry as a temporary defensive measure.
The adviser will only purchase (and hold) securities that it determines present minimal credit risk. If a security is no longer determined to present minimal credit risk, the adviser will make every attempt to sell the security, unless it has determined that it would not be in the best interest of the fund to dispose of the security at that time and, where necessary, has obtained the approval of the fund’s board of trustees to continue to hold the security.
FPIXX - Performance
Return Ranking - Trailing
Period | FPIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | 0.0% | 3.6% | 37.40% |
1 Yr | 5.3% | 0.0% | 1322.6% | 36.43% |
3 Yr | 3.1%* | 0.0% | 3.2% | 38.02% |
5 Yr | 2.1%* | 0.0% | 121.1% | 33.33% |
10 Yr | 1.4%* | 0.0% | 1.8% | 35.53% |
* Annualized
Return Ranking - Calendar
Period | FPIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | 0.0% | 0.1% | 44.20% |
2022 | 0.0% | 0.0% | 0.0% | 59.85% |
2021 | 0.0% | 0.0% | 0.0% | 59.06% |
2020 | 0.0% | 0.0% | 0.0% | 61.86% |
2019 | 0.0% | 0.0% | 0.0% | 62.83% |
Total Return Ranking - Trailing
Period | FPIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | 0.0% | 3.6% | 37.40% |
1 Yr | 5.3% | 0.0% | 1322.6% | 36.43% |
3 Yr | 3.1%* | 0.0% | 3.2% | 38.02% |
5 Yr | 2.1%* | 0.0% | 121.1% | 33.33% |
10 Yr | 1.4%* | 0.0% | 1.8% | 35.53% |
* Annualized
Total Return Ranking - Calendar
Period | FPIXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.4% | 0.0% | 5.8% | 27.54% |
2022 | 1.5% | 0.0% | 1.8% | 35.04% |
2021 | 0.0% | 0.0% | 0.1% | 87.40% |
2020 | 0.5% | 0.0% | 0.8% | 49.15% |
2019 | 2.3% | 0.0% | 4868.4% | 25.66% |
NAV & Total Return History
FPIXX - Holdings
Concentration Analysis
FPIXX | Category Low | Category High | FPIXX % Rank | |
---|---|---|---|---|
Net Assets | 157 M | 16.1 M | 86.2 B | 71.13% |
Number of Holdings | 120 | 1 | 345 | 52.11% |
Net Assets in Top 10 | 405 M | 22.7 M | 21.7 B | 81.69% |
Weighting of Top 10 | 31.33% | 14.2% | 100.0% | 56.34% |
Top 10 Holdings
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
- Credit Agricole CIB - Omni 1 REPO 0.05% 10/1/2021 18.73%
Asset Allocation
Weighting | Return Low | Return High | FPIXX % Rank | |
---|---|---|---|---|
Cash | 94.12% | 35.74% | 100.00% | 37.32% |
Bonds | 5.88% | 0.00% | 64.26% | 56.34% |
Stocks | 0.00% | 0.00% | 1.03% | 60.56% |
Preferred Stocks | 0.00% | 0.00% | 1.01% | 65.49% |
Other | 0.00% | 0.00% | 0.04% | 60.56% |
Convertible Bonds | 0.00% | 0.00% | 13.25% | 69.72% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FPIXX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 94.12% | 35.74% | 100.00% | 39.44% |
Municipal | 5.10% | 0.00% | 49.89% | 37.32% |
Corporate | 0.39% | 0.00% | 14.24% | 62.68% |
Government | 0.39% | 0.00% | 30.63% | 46.48% |
Derivative | 0.00% | 0.00% | 0.36% | 60.56% |
Securitized | 0.00% | 0.00% | 0.98% | 62.68% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FPIXX % Rank | |
---|---|---|---|---|
US | 5.88% | 0.00% | 64.26% | 52.11% |
Non US | 0.00% | 0.00% | 2.90% | 73.24% |
FPIXX - Expenses
Operational Fees
FPIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.34% | 0.11% | 4.99% | 54.23% |
Management Fee | 0.10% | 0.05% | 0.57% | 19.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.13% | 0.03% | 0.55% | 76.25% |
Sales Fees
FPIXX 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% | 5.00% | N/A |
Trading Fees
FPIXX 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.
FPIXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 212.00% | N/A |
FPIXX - Distributions
Dividend Yield Analysis
FPIXX | Category Low | Category High | FPIXX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.08% | 0.00% | 5.40% | 45.77% |
Dividend Distribution Analysis
FPIXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FPIXX | Category Low | Category High | FPIXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.14% | 1.97% | 64.44% |
Capital Gain Distribution Analysis
FPIXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.004 | OrdinaryDividend |
Mar 28, 2024 | $0.004 | OrdinaryDividend |
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Jan 31, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.004 | OrdinaryDividend |
Dec 20, 2023 | $0.000 | CapitalGainShortTerm |
Nov 30, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.004 | OrdinaryDividend |
Sep 30, 2023 | $0.004 | OrdinaryDividend |
Aug 31, 2023 | $0.004 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.003 | OrdinaryDividend |
Jan 31, 2023 | $0.004 | OrdinaryDividend |
Dec 30, 2022 | $0.003 | OrdinaryDividend |
Nov 30, 2022 | $0.003 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.002 | OrdinaryDividend |
Aug 31, 2022 | $0.002 | OrdinaryDividend |
Jul 29, 2022 | $0.001 | OrdinaryDividend |
Jun 30, 2022 | $0.001 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 30, 2021 | $0.000 | OrdinaryDividend |
Nov 29, 2021 | $0.000 | OrdinaryDividend |
Oct 28, 2021 | $0.000 | OrdinaryDividend |
Sep 29, 2021 | $0.000 | OrdinaryDividend |
Aug 30, 2021 | $0.000 | OrdinaryDividend |
Jul 29, 2021 | $0.000 | OrdinaryDividend |
Jun 29, 2021 | $0.000 | OrdinaryDividend |
May 27, 2021 | $0.000 | OrdinaryDividend |
Apr 29, 2021 | $0.000 | OrdinaryDividend |
Mar 30, 2021 | $0.000 | OrdinaryDividend |
Feb 25, 2021 | $0.000 | OrdinaryDividend |
Jan 28, 2021 | $0.000 | OrdinaryDividend |
Dec 31, 2020 | $0.000 | OrdinaryDividend |
Nov 30, 2020 | $0.000 | OrdinaryDividend |
Oct 30, 2020 | $0.000 | OrdinaryDividend |
Sep 30, 2020 | $0.000 | OrdinaryDividend |
Aug 31, 2020 | $0.000 | OrdinaryDividend |
Jul 31, 2020 | $0.000 | OrdinaryDividend |
Jun 30, 2020 | $0.000 | OrdinaryDividend |
May 29, 2020 | $0.000 | OrdinaryDividend |
Apr 30, 2020 | $0.000 | OrdinaryDividend |
Mar 31, 2020 | $0.001 | OrdinaryDividend |
Feb 28, 2020 | $0.001 | OrdinaryDividend |
Jan 31, 2020 | $0.001 | OrdinaryDividend |
Dec 31, 2019 | $0.001 | OrdinaryDividend |
Nov 29, 2019 | $0.001 | OrdinaryDividend |
Oct 31, 2019 | $0.002 | OrdinaryDividend |
Sep 30, 2019 | $0.002 | OrdinaryDividend |
Aug 30, 2019 | $0.002 | OrdinaryDividend |
Jul 31, 2019 | $0.002 | OrdinaryDividend |
Jun 28, 2019 | $0.002 | OrdinaryDividend |
Dec 27, 2016 | $0.000 | CapitalGainShortTerm |