FFCXX — First American Retail Tax Free Obligations Fund

FFCXX Fund Overview

FFCXX — First American Retail Tax Free 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: FFCXX
• SEC CIK: 0001890141
• SEC series ID: S000074978
• Share class ID: C000233553

FFCXX Investment Objective and Strategy

First American Retail Tax Free 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 Tax Free Obligations Funds objective is to seek maximum current income exempt from federal income taxes consistent with the preservation of capital and maintenance of liquidity.

Principal investment strategy

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 funds 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. 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. Under normal market conditions, up to 20% of the funds 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.

FFCXX Costs and Fees

FFCXX costs about $45 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.45%
• Gross expense ratio: 0.56%

FFCXX Debt Constituents

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

FFCXX Prospectus and SEC Filings

Official First American Retail Tax Free 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.