First American Funds Named Best Mixed Equity Fund Group in Lipper Fund Awards 2006.MINNEAPOLIS -- First American Funds announced today that Lipper has named it the "Best Mixed Equity" small fund group(a) in the United States for the three-year time period ended Dec. 31, 2005, against other eligible small U.S. fund groups. The award was presented last night at the Lipper Fund Awards 2006 ceremony in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Mark Jordahl, Head of Equities David Chalupnik, Head of Fixed Income Tony Rodriguez, and Chief Economist Keith Hembre were in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of to represent First American Funds and accept the award. From a universe of 497 small fund companies, First American Funds won the "Best Mixed Equity" award by providing the best three-year, risk-adjusted performance among 19 eligible small fund groups using a combination of stocks and bonds to achieve consistent returns. Lipper determined the fund group awards by averaging Lipper's three-year Consistent Return scores for all of the firms' funds within the asset class, and the eligible group with the lowest average decile rank Decile rank Performance over time, rated on a scale of 1-10. 1 indicates that a mutual fund's return is in the top 10% of funds being compared; while 3 means the return is in the top 30%. received the award for that asset class. To be eligible for the "Best Mixed Equity" award, small fund groups had to have at least three individual portfolios with mixed-equity investment objectives as of Dec. 31, 2005. "This is an outstanding award for our fund family because it captures the strength of our equity, fixed-income, and asset-allocation capabilities," Jordahl said. "The award also underscores the success and consistency of our firm's collaborative investment process." About First American Funds The First American Funds mutual fund group has more than $55 billion(b) in open-end funds. The funds are advised by U.S. Bancorp Asset Management, which will be changing its name to FAF FAF abbr. financial aid form Advisors on March 31, 2006. About First American Funds' Mixed-Equity Funds First American Funds' mixed-equity portfolios that qualified for the Lipper mixed-equity award include three lifecycle funds and one balanced fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. that provide the benefits of asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , diversification, and rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting in one product. The funds include:
Lifecycle Funds
1) First American Strategy Income Allocation Fund
2) First American Strategy Growth & Income Allocation Fund
3) First American Strategy Aggressive Growth Allocation Fund
Growth and Income Fund
4) First American Balanced Fund
All of these funds offer exposure to stocks and bonds. The funds provide a one-stop investment solution for first-time investors, 401(k), SEP 1. SEP - Someone Else's Problem. 2. (tool) SEP - A SASD tool from IDE. , and SIMPLE plan investors, or for those seeking broad-market exposure. The funds are actively managed by an experienced team and relieve investors from time-consuming asset allocation, portfolio monitoring, and rebalancing responsibilities. About Lipper Lipper, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. , and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia. (a)Lipper Fund Awards are not intended to predict future results. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Users acknowledge that they have not relied upon any warranty, condition, guarantee, or representation made by Lipper. Any use of the data for analyzing, managing, or trading financial instruments is at the user's own risk. This is not an offer to buy or sell securities. Lipper is a leading global mutual fund research firm. (b)Figures are as of Dec. 31, 2005, and are subject to change. Past performance is no guarantee of future results. Each fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other information; call 800.677.FUND or visit firstamericanfunds.com for a copy. Read the prospectus carefully before investing. First American Strategy Income Allocation, Strategy Growth & Income Allocation, and Strategy Aggressive Growth Allocation funds are each a fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. comprised of holdings in several different First American Funds, which may include small-cap, mid-cap, large-cap, money-market, international, and/or sector funds. The investment advisor allocates and reallocates the funds' assets among the underlying First American Funds within ranges designed to meet the investment objective. See the prospectus for an illustration of these ranges and special risks, which are associated with the underlying funds. The Balanced Fund invests in debt securities, which typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. U.S. Bancorp Asset Management, Inc., serves as the investment advisor to First American Funds. First American Funds are distributed by Quasar Distributors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliate of the investment advisor. NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion