FOZXX Fees and Costs — First American U.S. Treasury Money Market Fund, Class Z
Data updated: 2025-11-14
The net expense ratio is 0.20%: a 0.10% management fee plus 0.10% other expenses. There are no sales loads or redemption fees.
FOZXX Fees and Expenses
Annual operating expenses and sales charges of FOZXX. 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 | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
FOZXX Costs Over Time
On $10,000 invested in FOZXX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
FOZXX 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): $42.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
FOZXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $10.8B | 28.71% |
| NOMURA SECURITIES INTERNATIONAL INC. | $7.3B | 19.25% |
| BARCLAYS CAPITAL INC. | $5.0B | 13.37% |
| BMO CAPITAL MARKETS CORP. | $3.2B | 8.49% |
| BOFA SECURITIES INC. | $2.5B | 6.54% |
| BNP PARIBAS SECURITIES CORP. | $2.3B | 5.97% |
| J.P. MORGAN SECURITIES LLC | $2.2B | 5.91% |
| DEUTSCHE BANK SECURITIES INC. | $1.8B | 4.65% |
| SCOTIA CAPITAL (USA) INC. | $1.5B | 3.87% |
| GOLDMAN SACHS & CO. LLC | $1.2B | 3.24% |
First American U.S. Treasury Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FORXX | Class X | 0.16% | none |
| FOZXX | Class Z | 0.20% | none |
| FUIXX | Class V | 0.30% | none |
| FTKXX | Class T | 0.40% | none |
| FOYXX | Class Y | 0.45% | none |
| FODXX | Class D | 0.60% | none |
| FOEXX | 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.