First American U.S. Treasury Fund Rated 'AAA/V1+' by Fitch.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 -- First American U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Fund (the fund) is assigned a money market fund rating of 'AAA/V1+' by Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . The rating reflects the fund's high credit quality, conservative investment policies, and strong ability to provide shareholders with a constant $1.00 per share valuation. Portfolio valuation reports are submitted to Fitch weekly. The objective of this fund is to provide as high a level of current income as is consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at and the maintenance of liquidity. The fund pursues its investment objective by investing exclusively in short-term U.S. Treasury obligations and 'AAA' rated U.S. Treasury money market funds, which invest exclusively in U.S. Treasury obligations. The fund will maintain a weighted average maturity (WAM WAM - Intermediate language for compiled Prolog, used by the Warren Abstract Machine. "An Abstract Prolog Instruction Set", D.H.D. Warren, TR 309, SRI 1983. ) of all assets on a dollar-weighted basis to be 60 days or less for an 'AAA' rated fund. Fitch assigns the 'V1+' volatility rating to distinguish money market funds that will maintain stable principal values from bond funds that experience fluctuating net asset values but nevertheless carry 'AAA' credit ratings and/or 'V1' volatility ratings. Bond funds are rated on a scale from 'V1' (least volatile but still displaying net asset value (NAV See navigation system and navigation bar. ) variability) to 'V10' (most volatile). The fund's investment advisor is U.S. Bancorp Asset Management. U.S. Bancorp Asset Management provides investment management services to individuals and institutions, including corporations, foundations, pensions, and retirement plans. The company has provided investment management services since 1967 and manages more than $122 billion in total assets, including $55 billion in mutual funds as of June 30, 2004. As an investment advisor, U.S. Bancorp Asset Management manages the funds' business and investment activities. |
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