First American Asset Management Announces Number One Rankings.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--March 22, 2000 Minnesota Municipal Income Portfolio, Minnesota Municipal Term Trust, American Municipal Term Trust, and American Select Portfolio Receive Number One Rankings in Lipper's Closed-End Bond Fund Performance Analysis First American First American may refer to:
An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. , Minnesota Municipal Income Portfolio (NYSE NYSE See: New York Stock Exchange : MXA MXA McIntosh Xaba and Associates MXA Malcolm X Academy (Detroit, Michigan) MXA Mobile Exercise Area ), Minnesota Municipal Term Trust (NYSE: MNA MNA Monitored Natural Attenuation MNA Massachusetts Nurses Association MNA Michigan Nonprofit Association MNA Mini-Nutritional Assessment MNA Mission to North America (Presbyterian Church in America outreach) ), American Municipal Term Trust (NYSE: AXT AXT Alternating Exotropia ), and American Select Portfolio (NYSE: SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. ), have received top rankings in the 1999 Lipper Closed-End Bond Fund Performance Analysis. MXA received the number one ranking for five-year performance among Minnesota municipal debt funds for the period ended December 31, 1999, while MNA received the number one ranking for the one-year period in the same category. AXT was ranked first for the one-year period ended December 31, 1999, in the insured municipal debt funds (leveraged) category. SLA received number one rankings in the U.S. mortgage funds category for both the one- and five-year periods ended December 31, 1999. For more information, please contact First American Investor Services at 1-800-637-2548. Rankings and returns are calculated by Lipper Analytical Services and are based on annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. total returns at NAV See navigation system and navigation bar. as of December 31, 1999. AXT ranked 1 of 20 funds (+0.55) in the Lipper Closed-End Insured Municipal Debt Funds (Leveraged) category for the one-year period ended December 31, 1999. The fund returned 6.76% for the five-year period ended December 31, 1999, ranking 12 of 19 funds. Since inception on March 27, 1991, through December 31, 1999, the fund's total return was 7.90%, ranking 1 of 5 funds. MXA ranked 1 of 6 funds (+9.43%) in the Lipper Closed-End Minnesota Municipal Debt Funds category for the five-year period ended December 31, 1999. As of December 31, 1999, the one-year return was -7.69% (5 of 6 funds), and the return since inception on June 25, 1993, was 4.81% (5 of 5 funds). MNA ranked 1 of 6 funds (-0.35%) in the Lipper Closed-End Minnesota Municipal Debt Funds category for the one-year period ended December 31, 1999. As of December 31, 1999, the five-year return was 6.90% (6 of 6) and the return since inception on September 26, 1991, was 7.30% (1 of 1). SLA ranked 1 of 8 funds in the Lipper Closed-End U.S. Mortgage Funds category for the one-year period ended December 31, 1999 (+2.47%). The fund was also ranked 1 of 8 funds for the five-year period ended December 31, 1999, with a return of 10.36%. Since inception on September 21, 1993, the return was 6.55% (2 of 8 funds). Based in Minneapolis, First American Asset Management, a division of U.S. Bank National Association, provides investment management services to 38 open-end funds and 11 closed-end funds, as well as to individuals and institutions, including corporations, foundations, pensions, and retirement plans. First American Asset Management manages more than $78 billion in total assets. |
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