First American Short Tax Free Y
First American Investment Funds Inc 800 Nicollet Mall Bc-mn-h04n Minneapolis, MN 5540
Phone: 800-677-3863
| Category: | Muni National Short | | Fund Family: | First American | | Net Assets: | 289.18M | | Year-to-Date Return: | 0.45% | | Yield: | 2.41% | | Morningstar Rating: |  | | Fund Inception Date: | 25-Oct-02 |
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Michael L. Welle
Lead Manager since
12-Jun-07 | | | Welle, fixed income portfolio manager, joined FAF Advisors in 1992. Welle holds a Charted Financial Analyst designation. |
| Min Initial Investment: | $0 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks providing current income that is exempt from federal income tax to the extent consistent with preservation of capital. The fund normally invests at least 80% of assets in municipal securities exempt from federal income tax. It invests mainly in securities that, at the time of purchase, are either rated investment grade or are unrated and determined to be of comparable quality by the fund's advisor. The fund may invest up to 20% of assets in "high-yield" securities. It plans to maintain the average effective duration of its portfolio securities at 3 1/2 years or less under normal market conditions. |
| Last Dividend
(29-Jan-10):
| 0.02 | | Last Cap Gain
(21-Nov-03):
| 0.06 | | Annual Holdings Turnover
| 70.00% | | Average for Category:
| 47.27% |
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| Expense | FSHYX | Category
Avg | | Total Expense Ratio: | 0.61%
| 0.83% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 2.39% | | Max Deferred Sales Load: | %
| 1.73% | | 3 Yr Expense Projection*: |
$252 | $383 | | 5 Yr Expense Projection*: |
$457 | $598 | | 10 Yr Expense Projection*: |
$1,049 | $1,207 |
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