# EDGAR Filing Document

**Accession Number:** 0001890141
**File Stem:** 0000894189-25-013543
**Filing Date:** 2025-11
**Character Count:** 78994
**Document Hash:** e50119acff454ac8db4103d385c31694
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013543.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0000894189-25-013543

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First American Funds Trust
- **CENTRAL INDEX KEY:** 0001890141

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23751
- **FILM NUMBER:** 251478288

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 6123037987

**MAIL ADDRESS:**
- **STREET 1:** 800 NICOLETT MALL
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

## Series and Classes Contracts Data

### Government Obligations Fund (Series ID: S000074975)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233532 | Class P      | FPPXX           |
| C000233533 | Class T      | FTGXX           |
| C000233534 | Class A      | FAAXX           |
| C000233535 | Class D      | FGDXX           |
| C000233536 | Class U      | FGUXX           |
| C000233537 | Class X      | FGXXX           |
| C000233538 | Class Y      | FGVXX           |
| C000233539 | Class Z      | FGZXX           |
| C000233540 | Class V      | FVIXX           |

### Institutional Prime Obligations Fund (Series ID: S000074976)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233541 | Class Z      | FPZXX           |
| C000233542 | Class Y      | FAIXX           |
| C000233543 | Class T      | FIUXX           |
| C000233544 | Class V      | FPIXX           |

### Retail Prime Obligations Fund (Series ID: S000074977)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233545 | Class T      | FEIXX           |
| C000233546 | Class Z      | FZRXX           |
| C000233547 | Class Y      | FYRXX           |
| C000233548 | Class X      | FXRXX           |
| C000233549 | Class V      | FPUXX           |
| C000233550 | Class A      | FAPXX           |

### Retail Tax Free Obligations Fund (Series ID: S000074978)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233551 | Class T      | FTJXX           |
| C000233552 | Class V      | FHIXX           |
| C000233553 | Class Y      | FFCXX           |
| C000233554 | Class Z      | FTZXX           |
| C000233555 | Class A      | FTAXX           |

### Treasury Obligations Fund (Series ID: S000074979)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233556 | Class D      | FTDXX           |
| C000233557 | Class P      | FUPXX           |
| C000233558 | Class T      | FTTXX           |
| C000233559 | Class V      | FLIXX           |
| C000233560 | Class X      | FXFXX           |
| C000233561 | Class Y      | FOCXX           |
| C000233562 | Class A      | FATXX           |
| C000233563 | Class Z      | FUZXX           |

### U.S. Treasury Money Market Fund (Series ID: S000074980)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233564 | Class D      | FODXX           |
| C000233565 | Class T      | FTKXX           |
| C000233566 | Class V      | FUIXX           |
| C000233567 | Class Y      | FOYXX           |
| C000233568 | Class Z      | FOZXX           |
| C000233569 | Class A      | FOEXX           |
| C000259220 | Class X      | FORXX           |

## Internal

#### Report of Independent Registered Public Accounting Firm
To the Shareholders and Board of Trustees of

First American Funds Trust

In planning and performing our audit of the financial statements of First American Funds Trust (the Company) (comprised of the Government Obligations Fund, Institutional Prime Obligations Fund, Retail Prime Obligations Fund, Retail Tax Free Obligations Fund, Treasury Obligations Fund and U.S. Treasury Money Market Fund) as of and for the year ended August 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Company's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Company is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Company's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Company's internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of August 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of First American Funds Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Ernst & Young LLP<br>

Minneapolis, Minnesota

October 24, 2025

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001890141

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000074975

**Series ID Record:2**
- **Series ID:** S000074976

**Series ID Record:3**
- **Series ID:** S000074979

**Series ID Record:4**
- **Series ID:** S000074978

**Series ID Record:5**
- **Series ID:** S000074977

**Series ID Record:6**
- **Series ID:** S000074980

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-08-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** First American Funds Trust

- **Item B.1.b - Investment Company Act file number:** 811-23751

- **Item B.1.c - CIK:** 0001890141

- **Item B.1.d - LEI:** 25490017KPKDZG189N19

- **Item B.2.a - Street 1:** 800 Nicollet Mall

- **Item B.2.b - City:** Minneapolis

- **Item B.2.c - State:** MN

- **Item B.2.e - Zip Code:** 55402

- **Item B.2.f - Telephone:** 612-303-7987

- **Item B.2.g - Public Website:** https://www.firstamericanfunds.com/

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** U.S. Bancorp Asset Management, Inc.

- **b. Street 1:** 800 Nicollet Mall

- **c. City:** Minneapolis

- **d. State, if applicable:** MN

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 55402

- **g. Telephone number:** 6514663000

- **h. Briefly describe the books and records kept at this location:** All accounts, books and other documents required to be maintained by Section 31(a)

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** U.S. Bancorp Fund Services, LLC

- **b. Street 1:** 615 E. Michigan Street

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53202

- **g. Telephone number:** 4145163213

- **h. Briefly describe the books and records kept at this location:** All accounts, books and other documents required to be maintained by Section 31(a)

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** First American Funds Trust

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 6

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                 | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| P. Kelly Tompkins    | No                      | N/A                                     |
| Jennifer J. McPeek   | No                      | N/A                                     |
| David K. Baumgardner | No                      | N/A                                     |
| Harpreet Saluja      | No                      | N/A                                     |
| James D. McDonald    | No                      | N/A                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Leo Karwejna

- **b. CRD Number, if any:** 002782481

- **c. Street Address 1:** 800 Nicollet Mall

- **d. City:** Minneapolis

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 55402

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-25526
  - IC-22589
  - IC-33897
  - IC-22245

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Quasar Distributors, LLC

- **ii. SEC file number:** 8-52323

- **iii. CRD number:** 000103848

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** ME

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Ernst & Young LLP

- **b. PCAOB Number:** 00042

- **c. LEI, if any:** N/A

- **d. State, if applicable:** MN

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - First American Government Obligations Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American Government Obligations Fund

- **b. Series identification number, if any:** S000074975

- **c. LEI:** 254900RP5MW5JRLBFB75

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 9

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000233534                                | FAAXX                        |
|                           2 | Class D                 | C000233535                                | FGDXX                        |
|                           3 | Class Y                 | C000233538                                | FGVXX                        |
|                           4 | Class Z                 | C000233539                                | FGZXX                        |
|                           5 | Class V                 | C000233540                                | FVIXX                        |
|                           6 | Class X                 | C000233537                                | FGXXX                        |
|                           7 | Class P                 | C000233532                                | FPPXX                        |
|                           8 | Class U                 | C000233536                                | FGUXX                        |
|                           9 | Class T                 | C000233533                                | FTGXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BNY MELLON CAPITAL MARKETS LLC        | 8-35255           |    000017454 | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $2,491,313,251,852.00     |
| NORTHERN TRUST SECURITIES INC.        | 8-23689           |    000007927 | 3CHSO99JSPHD9HGNYJ46 | IL      | US        | $2,228,770,000,000.00     |
| STATE STREET GLOBAL MARKETS LLC       | 8-69862           |    000285852 | 549300FDEDF5ORXCMQ56 | MA      | US        | $1,673,025,000,000.00     |
| BNP PARIBAS SECURITIES CORP.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $1,117,018,152,199.00     |
| J.P. MORGAN SECURITIES LLC            | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,069,610,620,419.00     |
| CREDIT AGRICOLE SECURITIES (USA) INC. | 8-13753           |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $368,782,023,081.00       |
| RBC CAPITAL MARKETS LLC               | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $339,787,520,497.00       |
| SCOTIA CAPITAL (USA) INC.             | 8-3716            |    000002739 | 549300BLWPABP1VNME36 | NY      | US        | $316,576,568,694.00       |
| MUFG SECURITIES AMERICAS INC.         | 8-43026           |    000019685 | K5HU16E3LMSVCCJJJ255 | NY      | US        | $172,450,000,000.00       |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $121,019,767,715.00       |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,367,426,698,786.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $102,311,682,416.18

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - First American Institutional Prime Obligations Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American Institutional Prime Obligations Fund

- **b. Series identification number, if any:** S000074976

- **c. LEI:** 254900U4GHC21FP8W425

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class T                 | C000233543                                | FIUXX                        |
|                           2 | Class Y                 | C000233542                                | FAIXX                        |
|                           3 | Class Z                 | C000233541                                | FPZXX                        |
|                           4 | Class V                 | C000233544                                | FPIXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| SCOTIA CAPITAL (USA) INC.             | 8-3716            |    000002739 | 549300BLWPABP1VNME36 | NY      | US        | $55,923,319,877.00        |
| CREDIT AGRICOLE SECURITIES (USA) INC. | 8-13753           |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $40,309,643,125.00        |
| BNP PARIBAS SECURITIES CORP.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $12,140,000,000.00        |
| MUFG SECURITIES AMERICAS INC.         | 8-43026           |    000019685 | K5HU16E3LMSVCCJJJ255 | NY      | US        | $12,099,957,004.00        |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $11,751,455,789.00        |
| BOFA SECURITIES INC.                  | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $10,210,605,673.00        |
| HSBC SECURITIES (USA) INC.            | 8-41562           |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $9,911,000,000.00         |
| CIBC WORLD MARKETS CORP.              | 8-18333           |    000000630 | 549300445CON3DBMU275 | NY      | US        | $8,935,000,000.00         |
| ING FINANCIAL MARKETS LLC             | 8-43978           |    000028872 | KBVRJ5K57JZ3E2AVWX40 | NY      | US        | $8,265,000,000.00         |
| NATIXIS SECURITIES AMERICAS LLC       | 8-719             |    000001101 | 549300L8G1E7ZHVEOG75 | NY      | US        | $7,357,000,000.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $204,432,516,394.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $1,107,848,018.26

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - First American Treasury Obligatons Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American Treasury Obligatons Fund

- **b. Series identification number, if any:** S000074979

- **c. LEI:** 2549007778NDGKL9YV76

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 8

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000233562                                | FATXX                        |
|                           2 | Class D                 | C000233556                                | FTDXX                        |
|                           3 | Class Y                 | C000233561                                | FOCXX                        |
|                           4 | Class Z                 | C000233563                                | FUZXX                        |
|                           5 | Class V                 | C000233559                                | FLIXX                        |
|                           6 | Class X                 | C000233560                                | FXFXX                        |
|                           7 | Class P                 | C000233557                                | FUPXX                        |
|                           8 | Class T                 | C000233558                                | FTTXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BNY MELLON CAPITAL MARKETS LLC        | 8-35255           |    000017454 | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $1,195,752,000,000.00     |
| STATE STREET GLOBAL MARKETS LLC       | 8-69862           |    000285852 | 549300FDEDF5ORXCMQ56 | MA      | US        | $1,178,975,000,000.00     |
| NORTHERN TRUST SECURITIES INC.        | 8-23689           |    000007927 | 3CHSO99JSPHD9HGNYJ46 | IL      | US        | $931,029,000,000.00       |
| BNP PARIBAS SECURITIES CORP.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $710,644,024,489.00       |
| J.P. MORGAN SECURITIES LLC            | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $471,686,361,606.00       |
| CREDIT AGRICOLE SECURITIES (USA) INC. | 8-13753           |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $230,815,329,440.00       |
| SCOTIA CAPITAL (USA) INC.             | 8-3716            |    000002739 | 549300BLWPABP1VNME36 | NY      | US        | $208,201,043,335.00       |
| RBC CAPITAL MARKETS LLC               | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $193,065,690,891.00       |
| MUFG SECURITIES AMERICAS INC.         | 8-43026           |    000019685 | K5HU16E3LMSVCCJJJ255 | NY      | US        | $84,250,000,000.00        |
| ING FINANCIAL MARKETS LLC             | 8-43978           |    000028872 | KBVRJ5K57JZ3E2AVWX40 | NY      | US        | $51,000,000,000.00        |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,553,777,477,464.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $49,514,825,962.41

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - First American Retail Tax Free Obligations Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American Retail Tax Free Obligations Fund

- **b. Series identification number, if any:** S000074978

- **c. LEI:** 254900R8F8Y6ZLPEDJ84

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000233555                                | FTAXX                        |
|                           2 | Class Y                 | C000233553                                | FFCXX                        |
|                           3 | Class Z                 | C000233554                                | FTZXX                        |
|                           4 | Class V                 | C000233552                                | FHIXX                        |
|                           5 | Class T                 | C000233551                                | FTJXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                   | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| WELLS FARGO SECURITIES LLC             | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $765,583,599.00           |
| TD SECURITIES (USA) LLC                | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $630,370,000.00           |
| J.P. MORGAN SECURITIES LLC             | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $312,395,000.00           |
| MORGAN STANLEY & CO. LLC               | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $107,635,000.00           |
| BOFA SECURITIES INC.                   | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $56,908,000.00            |
| STIFEL NICOLAUS & COMPANY INCORPORATED | 8-1447            |    000000793 | 5WUVMA08EYG4KEUPW589 | MO      | US        | $25,866,098.00            |
| GOLDMAN SACHS & CO. LLC                | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $16,150,000.00            |
| RBC CAPITAL MARKETS LLC                | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $12,685,942.00            |
| PNC INVESTMENTS LLC                    | 8-66195           |    000129052 | 549300J2IZZ7VJEU7050 | PA      | US        | $8,337,926.00             |
| BARCLAYS CAPITAL INC.                  | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $6,975,000.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,947,400,013.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $376,672,851.24

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 5 - First American U.S. Treasury Money Market Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American U.S. Treasury Money Market Fund

- **b. Series identification number, if any:** S000074980

- **c. LEI:** 25490019EG40IBOQCC30

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 7

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000233569                                | FOEXX                        |
|                           2 | Class D                 | C000233564                                | FODXX                        |
|                           3 | Class Y                 | C000233567                                | FOYXX                        |
|                           4 | Class Z                 | C000233568                                | FOZXX                        |
|                           5 | Class V                 | C000233566                                | FUIXX                        |
|                           6 | Class T                 | C000233565                                | FTKXX                        |
|                           7 | Class X                 | C000259220                                | FORXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                 | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| CITIGROUP GLOBAL MARKETS INC.        | 8-8177            |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $10,834,472,289.00        |
| NOMURA SECURITIES INTERNATIONAL INC. | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $7,267,245,053.00         |
| BARCLAYS CAPITAL INC.                | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $5,047,155,923.00         |
| BMO CAPITAL MARKETS CORP.            | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $3,203,939,173.00         |
| BNP PARIBAS SECURITIES CORP.         | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $2,253,081,015.00         |
| BOFA SECURITIES INC.                 | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,468,260,779.00         |
| J.P. MORGAN SECURITIES LLC           | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $2,231,894,216.00         |
| DEUTSCHE BANK SECURITIES INC.        | 8-17822           |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $1,754,293,586.00         |
| SCOTIA CAPITAL (USA) INC.            | 8-3716            |    000002739 | 549300BLWPABP1VNME36 | NY      | US        | $1,460,484,574.00         |
| GOLDMAN SACHS & CO. LLC              | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,223,251,164.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $42,306,138,543.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $6,763,335,626.58

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - First American Retail Prime Obligations Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First American Retail Prime Obligations Fund

- **b. Series identification number, if any:** S000074977

- **c. LEI:** 254900YGOE888GPI9B03

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 6

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000233550                                | FAPXX                        |
|                           2 | Class T                 | C000233545                                | FEIXX                        |
|                           3 | Class Y                 | C000233547                                | FYRXX                        |
|                           4 | Class Z                 | C000233546                                | FZRXX                        |
|                           5 | Class V                 | C000233549                                | FPUXX                        |
|                           6 | Class X                 | C000233548                                | FXRXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. SEC file number:** 801-60125

- **iii. CRD number:** 000111912

- **iv. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG Data & Analytics

- **ii. LEI, if any, or provide and describe other identifying number:** N/A

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Self - rule 17f-2 (17 CFR 270.17f-2)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any, or other identifying number:** 8KUMV9EIJ75IBFMLFD23

- **iii. State, if applicable:** MN

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N/A

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** U.S. Bancorp Investments, Inc.

- **b. SEC file number:** 8-35359-1

- **c. CRD number:** 000017868

- **d. LEI, if any:** H85Z6XZP8B10ES0M2G89

- **e. State, if applicable:** MN

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| SCOTIA CAPITAL (USA) INC.             | 8-3716            |    000002739 | 549300BLWPABP1VNME36 | NY      | US        | $74,390,276,110.00        |
| CREDIT AGRICOLE SECURITIES (USA) INC. | 8-13753           |    000000190 | 549300WO2DKF0Q3YMV43 | NY      | US        | $69,985,175,890.00        |
| MUFG SECURITIES AMERICAS INC.         | 8-43026           |    000019685 | K5HU16E3LMSVCCJJJ255 | NY      | US        | $34,969,728,153.00        |
| TD SECURITIES (USA) LLC               | 8-36747           |    000018476 | SUVUFHICNZMP2WKHG940 | NY      | US        | $30,863,133,036.00        |
| BNP PARIBAS SECURITIES CORP.          | 8-32682           |    000015794 | RCNB6OTYUAMMP879YW96 | NY      | US        | $30,729,000,000.00        |
| CIBC WORLD MARKETS CORP.              | 8-18333           |    000000630 | 549300445CON3DBMU275 | NY      | US        | $26,632,940,000.00        |
| ING FINANCIAL MARKETS LLC             | 8-43978           |    000028872 | KBVRJ5K57JZ3E2AVWX40 | NY      | US        | $26,108,000,000.00        |
| HSBC SECURITIES (USA) INC.            | 8-41562           |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $26,048,000,000.00        |
| NATIXIS SECURITIES AMERICAS LLC       | 8-719             |    000001101 | 549300L8G1E7ZHVEOG75 | NY      | US        | $21,195,000,000.00        |
| DNB MARKETS INC.                      | 8-66024           |    000127605 | 549300JP2KNKSIPRRE59 | NY      | US        | $15,575,000,000.00        |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $400,104,621,745.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $3,381,931,395.50

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** First American Funds Trust

**Date:** 2025-11-13

**Signature:** Brent Smith

**Title:** Assistant Treasurer