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Home > Financial Services > Mutual Funds > First American
First American
First American Funds is one of the largest mutual fund families in the nation. They offer a broad array of funds to meet the needs of a diverse range of clients. First American Funds is a complete resource for the investments. They offer a wide array of mutual funds across a full spectrum of styles and asset classes. Each of their mutual funds is managed to help succeed, each stays true to its investment objective and to the level of risk and return it was designed to achieve.
First American Fund Family provides different mutual funds such as American Balanced fund, Core Bond fund, Equity Income fund etc. First American Balanced Fund seeks capital appreciation and current income. The fund invests in a balanced portfolio of stocks and bonds. Over the long term, the fund's asset mix is likely to average approximately 60 percent equity securities and 40 percent debt securities. The equity portion will be invested primarily in common stocks that management believes exhibit the potential for superior growth. The fixed-income portion will be comprised of securities such as: U.S. government securities including zero coupon bonds, mortgage- and asset-backed securities, and corporate debt obligations. Up to 25 percent of assets may be invested in foreign securities.
First American California Tax-Free seeks maximum current income that is exempt from both federal income tax and California state income tax to the extent consistent with prudent investment risk. The fund normally may invest up to 20 percent of assets in taxable obligations, including obligations the interest on which is subject to the federal AMT. Typically, the fund will not invest more than 25 percent of assets in unrated securities. It can usually invest up to 10 percent in inverse floating rate municipal securities. The fund is non-diversified.
First American Large cap funds seek to provide long-term growth potential and current income by investing in the stocks of large companies those with market capitalizations generally above 5 billion dollars. Large cap funds tend to offer greater growth potential than bonds, but tend to be more volatile.
First American Funds stand for Independence, Insight, Performance and Integrity.They have nurtured an entrepreneurial culture where innovators are encouraged to speak up, where uncommon vision is valued. They had designed their fund management disciplines to drive hard for superior long-term performance.
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