FAPXX — First American Retail Prime Obligations Fund

FAPXX Fund Overview

FAPXX — First American Retail Prime Obligations Fund is a US mutual fund managed by First American Funds Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: First American Funds Trust
• Category: Money Market
• Ticker: FAPXX
• SEC CIK: 0001890141
• SEC series ID: S000074977
• Share class ID: C000233550

FAPXX Investment Objective and Strategy

First American Retail Prime Obligations Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First American Funds Trust.

Investment objective

Retail Prime Obligations Funds objective is to seek maximum current income to the extent consistent with the preservation of capital and maintenance of liquidity.

Principal investment strategy

Retail 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; 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 funds board of trustees to continue to hold the security.

FAPXX Costs and Fees

FAPXX costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.76%

FAPXX Debt Constituents

No individual debt constituents are reported in First American Retail Prime Obligations Fund's latest SEC N-PORT filing.

FAPXX Prospectus and SEC Filings

Official First American Retail Prime Obligations Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-11-14
• Prospectus (485BPOS) — filed 2024-12-20
• Prospectus (485BPOS) — filed 2023-12-22
• Annual census (N-CEN) — filed 2025-11-13
• Annual census (N-CEN) — filed 2024-11-13

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.