FLIXX Fees and Costs — First American Treasury Obligatons Fund, Class V
Data updated: 2025-11-14
The net expense ratio is 0.30%. There are no sales loads or redemption fees.
FLIXX Fees and Expenses
Annual operating expenses and sales charges of FLIXX. Prospectus, as of November 14, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| 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 |
FLIXX Costs Over Time
On $10,000 invested in FLIXX, 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% |
FLIXX 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): $5.55T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FLIXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS LLC | $1.20T | 22.75% |
| STATE STREET GLOBAL MARKETS LLC | $1.18T | 22.43% |
| NORTHERN TRUST SECURITIES INC. | $931.0B | 17.72% |
| BNP PARIBAS SECURITIES CORP. | $710.6B | 13.52% |
| J.P. MORGAN SECURITIES LLC | $471.7B | 8.98% |
| CREDIT AGRICOLE SECURITIES (USA) INC. | $230.8B | 4.39% |
| SCOTIA CAPITAL (USA) INC. | $208.2B | 3.96% |
| RBC CAPITAL MARKETS LLC | $193.1B | 3.67% |
| MUFG SECURITIES AMERICAS INC. | $84.2B | 1.60% |
| ING FINANCIAL MARKETS LLC | $51.0B | 0.97% |
First American Treasury Obligatons Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FXFXX | Class X | 0.14% | none |
| FUPXX | Class P | 0.18% | none |
| FUZXX | Class Z | 0.18% | none |
| FLIXX | Class V | 0.30% | none |
| FTTXX | Class T | 0.40% | none |
| FOCXX | Class Y | 0.45% | none |
| FTDXX | Class D | 0.60% | none |
| FATXX | 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.