Lipper rankings are based on total return and relate to share class indicated. The
returns assume reinvestment of dividends and do not reflect any applicable sales
charge. Absent expense limitation, total return would be less. Past performance is no guarantee of future results.
Percentile rank shaded in 1
As of Date: 12/31/2011
* Former First American Fund.
1 A percentage value for a fund as it compares to all other funds for
the classification the fund resides in. The lower the number, the better the fund's
performance relative to its classification.
†Effective January 18, 2011, former First American Funds’ Class
Y shares were renamed Class I shares and Class R shares were renamed Class R3 shares.
See the Fund’s prospectus for more information.
**Effective January 18, 2011, Class C shares were renamed Class C1 shares.
See the Fund’s prospectus for more information.