First American MN Tax-Free A
First American Investment Funds Inc 800 Nicollet Mall Bc-mn-h04n Minneapolis, MN 5540
Phone: 800-677-3863
| Category: | Muni Minnesota | | Fund Family: | First American | | Net Assets: | 91.48M | | Year-to-Date Return: | 0.31% | | Yield: | 4.04% | | Morningstar Rating: |  | | Fund Inception Date: | 11-Jul-88 |
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Douglas J. White
Lead Manager since
11-Jul-88 | | | White is the Head of Tax Exempt Fixed Income. He joined FAF Advisors in 1992. White holds the Chartered Financial Analyst designation and a member of the Twin Cities Society of Security Analysts. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $2,500 | | Min Initial Investment, AIP: | $2,500 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks current income that is exempt from both federal and Minnesota income taxes, consistent with prudent investment risk. The fund normally invests at least 80% of assets in securities that generate interest exempt from federal and Minnesota personal income taxes, and from the alternative minimum tax. It may typically invest up to 20% of assets in tax obligations, including obligations the interest on which is subject to federal and state of Minnesota alternative minimum tax. The fund is nondiversified. |
| Last Dividend
(29-Jan-10):
| 0.03 | | Last Cap Gain
(18-Dec-09):
| 0.00 | | Annual Holdings Turnover
| 28.00% | | Average for Category:
| 20.26% |
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| Expense | FJMNX | Category
Avg | | Total Expense Ratio: | 0.86%
| 1.12% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 4.25%
| 4.16% | | Max Deferred Sales Load: | %
| 2.46% | | 3 Yr Expense Projection*: |
$741 | $620 | | 5 Yr Expense Projection*: |
$992 | $903 | | 10 Yr Expense Projection*: |
$1,708 | $1,670 |
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