Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Should You Invest in High-Yield Bond Mutual Funds?

Mutualfunds logo

FPZXX First American Instl Prime Obligs Z

  • Fund
  • FPZXX
  • Price as of: Oct 11, 2017
  • $1.00
  • - $0.00
  • - 0.00%
  • Category
  • Money Market

FPZXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $713 M
  • Holdings in Top 10 31.2%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.25%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000,000

IRA

N/A

Investment Themes

CATEGORY

Money Market
  • Fund Type Money Market Fund
  • Investment Style Prime Money Market

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name First American Institutional Prime Obligations Fund
  • Fund Family Name First American
  • Inception Date Aug 01, 2003
  • Shares Outstanding 254405098
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Management Team

Fund Description

The fund normally invests in high-quality short-term debt obligations. The advisor will only purchase (and hold) securities that it determines present minimal credit risk. It will invest more than 25% of its total assets in securities issued by companies in the banking industry.

FPZXX - Performance

Return Ranking - Trailing

Period FPZXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -0.1% 3.1% 0.58% 4
1 Yr 0.8% -0.1% 2.1% 5.24% 1
3 Yr 0.3% * 0.0% 2.6% 6.67% 1
5 Yr 0.2% * 0.0% 2.6% 6.41% 1
10 Yr 0.6% * -0.2% 4.0% 22.04% 2

* Annualized


Return Ranking - Calendar

Period FPZXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -100.0% 9900.0% 0.40% 4
2015 0.0% -100.0% 0.4% 0.45% 4
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.5% 0.0% N/A N/A
2012 N/A 0.0% 1.4% N/A N/A

Total Return Ranking - Trailing

Period FPZXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 3.1% 1.03% 4
1 Yr 0.8% -5.7% 2.1% 5.32% 1
3 Yr 0.3% * -1.9% 2.6% 6.68% 1
5 Yr 0.2% * -1.2% 2.6% 6.42% 1
10 Yr 0.6% * -0.4% 4.0% 21.95% 2

* Annualized


Total Return Ranking - Calendar

Period FPZXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -100.0% 4900.0% 1.61% 4
2015 0.0% -100.0% 2.6% 1.78% 4
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.6% 0.0% N/A N/A
2012 N/A 0.0% 3.5% N/A N/A

NAV & Total Return History

FPZXX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

FPZXX Category Low Category High FPZXX % Rank Quintile
Net Assets 713 M 500 K 140 B 24.19% 4
Number of Holdings 125 1 1027 6.13% 2
Net Assets in Top 10 225 M 1.8 M 103 B 25.70% 4
Weighting of Top 10 31.2% 5.2% 100.5% 30.55% 4

Top 10 Holdings

  1. Credit Agricole Securities Usa Inc 4.57%
  2. Societe Generale Sa Repont 1.42% 7/3/2017 4.16%
  3. Dz Bank Ag 4.16%
  4. Hsbc Securities (Usa) Inc Repont 1.26% 7/3/2017 3.32%
  5. Bank Of Nova Scotia Ny 2.77%
  6. Swedbank Ab 2.77%
  7. Nordea Bk Ab Publ Ny Brh Iam Instl Ctf D 2.77%
  8. Cppib Capital Inc 2.49%
  9. Psp Cap 2.08%
  10. Bnp Paribas Sa 2.08%

Asset Allocation

Weighting Category Low Category High FPZXX % Rank Quintile
Cash
90.90% 0.00% 100.70% 8.91% 2
Bonds
4.72% 0.00% 100.00% 27.67% 4
Other
4.37% -12.63% 100.00% 6.84% 2
Stocks
0.00% 0.00% 0.00% 0.08% 4
Preferred Stocks
0.00% 0.00% 6.43% 0.32% 4
Convertible Bonds
0.00% 0.00% 1.57% 0.48% 4

Bond Sector Breakdown

Weighting Category Low Category High FPZXX % Rank Quintile
Cash & Equivalents
91.60% 0.00% 100.70% 8.43% 2
Municipal
2.74% 0.00% 100.00% 15.19% 2
Corporate
1.30% 0.00% 24.00% 6.68% 1
Derivative
0.00% 0.00% 1.15% 0.16% 4
Securitized
0.00% 0.00% 51.10% 6.28% 4
Government
0.00% 0.00% 96.80% 16.63% 4

Bond Geographic Breakdown

Weighting Category Low Category High FPZXX % Rank Quintile
US
4.12% 0.00% 100.00% 28.24% 4
Non US
0.60% 0.00% 8.79% 1.03% 1

FPZXX - Expenses

Operational Fees

FPZXX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.25% 0.00% 137.84% 11.87% 1
Management Fee 0.10% 0.00% 0.60% 3.32% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.50% 2.34% 4

Sales Fees

FPZXX Fees (% of AUM) Category Low Category High FPZXX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

FPZXX Fees (% of AUM) Category Low Category High FPZXX Rank Quintile
Max Redemption Fee N/A 0.25% 0.25% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPZXX Fees (% of AUM) Category Low Category High FPZXX Rank Quintile
Turnover N/A 0.00% 1054.00% N/A N/A

FPZXX - Distributions

Dividend Yield Analysis

FPZXX Category Low Category High FPZXX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.29% 1.05% 4

Dividend Distribution Analysis

FPZXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FPZXX Category Low Category High FPZXX % Rank Quintile
Net Income Ratio 0.21% -0.23% 2.23% 3.32% 1

Capital Gain Distribution Analysis

FPZXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FPZXX - Managers

Management Team

Manager

Start Date

Oct 31, 2006

Tenure

10.92

Tenure Rank

12.8%

Team Managed


Tenure Analysis

Category Low

0.2

Category High

42.0

Category Average

12.2

Category Mode

2.8