FAFIX Performance — First American Multi-Manager Fixed-Income Fund, Institutional Class
Data updated: 2026-08-28
FAFIX returned +0.75% year to date and +3.99% over one year to Jun 2026. Annualised returns are +4.76% over 3 years and +0.51% over 5 years. Against its Intermediate Core Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $115, against $115 for the category, and to $104 over one year, against $104. Volatility over the past three years was 5.15% a year. In the 12 months to Jun 2026 the fund took in a net $99.1M, and assets reached $1.69B.
FAFIX Growth of $100
What $100 invested in First American Multi-Manager Fixed-Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | FAFIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $115 | $115 |
| 5 years (Jul 2021 – Jun 2026) | $103 | $102 |
| Since data start (Jul 2019 – Jun 2026) | $113 | $112 |
FAFIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.75% |
| 1 year | +3.99% |
| 3 years (annualised) | +4.76% |
| 5 years (annualised) | +0.51% |
FAFIX Annual Returns
Calendar-year total returns of First American Multi-Manager Fixed-Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.75% |
| 2025 | +7.06% |
| 2024 | +2.57% |
| 2023 | +6.69% |
| 2022 | −13.06% |
| 2021 | −0.86% |
| 2020 | +7.86% |
| 2019 (Jul–Dec) | +2.61% |
FAFIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.3% | +1.6% | −1.8% | +0.1% | +0.3% | +0.3% | — | — | — | — | — | — |
| 2025 | +0.7% | +2.1% | −0.3% | +0.1% | −0.5% | +1.6% | −0.2% | +1.1% | +1.2% | +0.7% | +0.5% | −0.2% |
| 2024 | +0.1% | −1.1% | +0.9% | −2.1% | +1.7% | +0.9% | +2.2% | +1.4% | +1.4% | −2.2% | +1.1% | −1.5% |
| 2023 | +3.3% | −2.2% | +2.1% | +0.6% | −0.9% | −0.1% | +0.1% | −0.5% | −2.1% | −1.5% | +4.3% | +3.6% |
| 2022 | −2.1% | −1.4% | −2.2% | −3.5% | −0.3% | −2.0% | +2.5% | −2.1% | −4.0% | −1.0% | +3.1% | −0.5% |
| 2021 | −0.6% | −1.2% | −1.1% | +0.8% | +0.4% | +0.9% | +0.9% | −0.1% | −0.7% | −0.1% | 0.0% | −0.1% |
| 2020 | +1.9% | +1.1% | −4.5% | +2.6% | +1.5% | +1.5% | +2.2% | −0.4% | −0.1% | −0.4% | +1.8% | +0.6% |
| 2019 | — | — | — | — | — | — | +0.5% | +2.1% | −0.4% | +0.3% | +0.1% | +0.1% |
FAFIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.15%
- 3-year Sharpe ratio: 0.05 (vs 4.5% risk-free rate)
- Best month: +4.33% (Nov 2023)
- Worst month: −2.16% (Oct 2024)
FAFIX Fund Flows
Monthly money in and out of First American Multi-Manager Fixed-Income Fund, from SEC Form N-PORT.
- 12-month net flow: $99.1M
- 12-month gross sales (incl. reinvestments): $256.6M
- Sales ÷ redemptions: 1.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $12.3M | $8.4M | $3.9M |
| May 2026 | $133.0M | $917K | $132.1M |
| Apr 2026 | $6.4M | $9.3M | −$2.9M |
| Mar 2026 | $8.2M | $7.8M | $334K |
| Feb 2026 | $14.2M | $44.1M | −$29.9M |
| Jan 2026 | $782K | $1.1M | −$291K |
| Dec 2025 | $16.9M | $15.4M | $1.5M |
| Nov 2025 | $5.6M | $8.3M | −$2.7M |
| Oct 2025 | $8.8M | $2.1M | $6.6M |
| Sep 2025 | $23.9M | $5.8M | $18.1M |
| Aug 2025 | $12.9M | $1.7M | $11.2M |
| Jul 2025 | $13.7M | $52.6M | −$38.9M |
FAFIX Assets Under Management
Net assets of First American Multi-Manager Fixed-Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.69B |
| 2026-03-31 | $1.57B |
| 2025-12-31 | $1.61B |
| 2025-09-30 | $1.61B |
| 2025-06-30 | $1.60B |
| 2025-03-31 | $1.49B |
| 2024-12-31 | $1.49B |
| 2024-09-30 | $1.49B |
| 2024-06-30 | $1.37B |
| 2024-03-31 | $1.27B |
| 2023-12-31 | $1.26B |
| 2023-09-30 | $1.09B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.