FHIXX Fees and Costs — First American Retail Tax Free Obligations Fund, Class V
Data updated: 2025-11-14
The net expense ratio is 0.30% (0.41% before fee waivers). There are no sales loads or redemption fees.
FHIXX Fees and Expenses
Annual operating expenses and sales charges of FHIXX. Prospectus, as of November 14, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.41% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FHIXX Costs Over Time
On $10,000 invested in FHIXX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FHIXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FHIXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $765.6M | 39.40% |
| TD SECURITIES (USA) LLC | $630.4M | 32.44% |
| J.P. MORGAN SECURITIES LLC | $312.4M | 16.08% |
| MORGAN STANLEY & CO. LLC | $107.6M | 5.54% |
| BOFA SECURITIES INC. | $56.9M | 2.93% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $25.9M | 1.33% |
| GOLDMAN SACHS & CO. LLC | $16.1M | 0.83% |
| RBC CAPITAL MARKETS LLC | $12.7M | 0.65% |
| PNC INVESTMENTS LLC | $8.3M | 0.43% |
| BARCLAYS CAPITAL INC. | $7.0M | 0.36% |
First American Retail Tax Free Obligations Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTZXX | Class Z | 0.20% | none |
| FHIXX | Class V | 0.30% | none |
| FTJXX | Class T | 0.40% | none |
| FFCXX | Class Y | 0.45% | none |
| FTAXX | Class A | 0.75% | none |
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.