U.S. Bancorp Asset Management

U.S. Bancorp Asset Management’s core strength and focus is providing our clients with the right institutional investment solution.

Taking investment decisions off your plate is our business purpose — whether you choose the daily liquidity offered by a money market fund, a custom separately managed portfolio, or a solution with a broad range of fund types and multi-manager portfolio structures through our Outsourced Chief Investment Officer solution.

We are committed to delivering tailored investment solutions to help achieve each client’s goals and aspirations. Mutual fund investing involves risk. Investors should carefully consider the fund’s investment objectives, risks, charges and expenses before investing.

The prospectus contains this and other information: visit www.FirstAmericanFunds.com for a copy. Please read it carefully before investing. U.S. Bancorp Asset Management, Inc. is a registered investment adviser and subsidiary of U.S. Bank National Association. U.S.