# EDGAR Filing Document

**Accession Number:** 0000356134
**File Stem:** 0000897101-23-000127
**Filing Date:** 2023-3
**Character Count:** 14676
**Document Hash:** c660f4b791184b3f7a5545e49f6d9775
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897101-23-000127.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0000897101-23-000127

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**EFFECTIVENESS DATE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST AMERICAN FUNDS INC
- **CENTRAL INDEX KEY:** 0000356134
- **IRS NUMBER:** 411418224
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-74747
- **FILM NUMBER:** 23768886

**BUSINESS ADDRESS:**
- **STREET 1:** 800 NICOLLET MALL
- **STREET 2:** BC- MN-H04N
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55440-1330
- **BUSINESS PHONE:** 612-303-7987

**MAIL ADDRESS:**
- **STREET 1:** 800 NICOLLET MALL
- **STREET 2:** BC-MN-H04N
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST AMERICAN MONEY FUND INC
- **DATE OF NAME CHANGE:** 19900603

## Series and Classes Contracts Data

### First American Government Obligations Fund (Series ID: S000005654)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FAAXX         | C000015452 |
| Class D    | FGDXX         | C000015453 |
| Class Y    | FGVXX         | C000015454 |
| Class Z    | FGZXX         | C000015455 |
| Class V    | FVIXX         | C000026833 |
| Class X    | FGXXX         | C000168476 |
| Class P    | FPPXX         | C000196975 |
| Class U    | FGUXX         | C000199124 |
| Class T    | FTGXX         | C000222182 |

---

### First American Institutional Prime Obligations Fund (Series ID: S000005655)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class T    | FIUXX         | C000015461 |
| Class Y    | FAIXX         | C000015462 |
| Class Z    | FPZXX         | C000015463 |
| Class V    | FPIXX         | C000026834 |

---

### First American Retail Tax Free Obligations Fund (Series ID: S000005656)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FTAXX         | C000015465 |
| Class Y    | FFCXX         | C000015467 |
| Class Z    | FTZXX         | C000015468 |
| Class V    | FHIXX         | C000026835 |
| Class T    | FTJXX         | C000222183 |

---

### First American Treasury Obligations Fund (Series ID: S000005657)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FATXX         | C000015470 |
| Class D    | FTDXX         | C000015471 |
| Class Y    | FOCXX         | C000015472 |
| Class Z    | FUZXX         | C000015473 |
| Class V    | FLIXX         | C000026836 |
| Class X    | FXFXX         | C000168478 |
| Class P    | FUPXX         | C000196976 |
| Class T    | FTTXX         | C000222184 |

---

### First American U.S. Treasury Money Market Fund (Series ID: S000005658)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FOEXX         | C000015476 |
| Class D    | FODXX         | C000015477 |
| Class Y    | FOYXX         | C000015478 |
| Class Z    | FOZXX         | C000015479 |
| Class V    | FUIXX         | C000026837 |
| Class T    | FTKXX         | C000222185 |

---

### First American Retail Prime Obligations Fund (Series ID: S000053753)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | FAPXX         | C000168959 |
| Class T    | FEIXX         | C000168961 |
| Class Y    | FYRXX         | C000168962 |
| Class Z    | FZRXX         | C000168963 |
| Class V    | FPUXX         | C000168964 |
| Class X    | FXRXX         | C000173318 |

---

## Series and Classes Contracts Data

### First American Government Obligations Fund (Series ID: S000005654)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015452 | Class A      | FAAXX           |
| C000015453 | Class D      | FGDXX           |
| C000015454 | Class Y      | FGVXX           |
| C000015455 | Class Z      | FGZXX           |
| C000026833 | Class V      | FVIXX           |
| C000168476 | Class X      | FGXXX           |
| C000196975 | Class P      | FPPXX           |
| C000199124 | Class U      | FGUXX           |
| C000222182 | Class T      | FTGXX           |

### First American Institutional Prime Obligations Fund (Series ID: S000005655)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015461 | Class T      | FIUXX           |
| C000015462 | Class Y      | FAIXX           |
| C000015463 | Class Z      | FPZXX           |
| C000026834 | Class V      | FPIXX           |

### First American Retail Tax Free Obligations Fund (Series ID: S000005656)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015465 | Class A      | FTAXX           |
| C000015467 | Class Y      | FFCXX           |
| C000015468 | Class Z      | FTZXX           |
| C000026835 | Class V      | FHIXX           |
| C000222183 | Class T      | FTJXX           |

### First American Treasury Obligations Fund (Series ID: S000005657)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015470 | Class A      | FATXX           |
| C000015471 | Class D      | FTDXX           |
| C000015472 | Class Y      | FOCXX           |
| C000015473 | Class Z      | FUZXX           |
| C000026836 | Class V      | FLIXX           |
| C000168478 | Class X      | FXFXX           |
| C000196976 | Class P      | FUPXX           |
| C000222184 | Class T      | FTTXX           |

### First American U.S. Treasury Money Market Fund (Series ID: S000005658)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000015476 | Class A      | FOEXX           |
| C000015477 | Class D      | FODXX           |
| C000015478 | Class Y      | FOYXX           |
| C000015479 | Class Z      | FOZXX           |
| C000026837 | Class V      | FUIXX           |
| C000222185 | Class T      | FTKXX           |

### First American Retail Prime Obligations Fund (Series ID: S000053753)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000168959 | Class A      | FAPXX           |
| C000168961 | Class T      | FEIXX           |
| C000168962 | Class Y      | FYRXX           |
| C000168963 | Class Z      | FZRXX           |
| C000168964 | Class V      | FPUXX           |
| C000173318 | Class X      | FXRXX           |

**FIRST AMERICAN FUNDS, INC.**

**Government Obligations Fund**

**Institutional Prime Obligations Fund**

**Retail Prime Obligations Fund**

**Retail Tax Free Obligations Fund**

**Treasury Obligations Fund**

**U.S. Treasury Money Market Fund**

**(collectively, the "First American Money Market Funds")**

**Statement of Additional Information (SAI) Supplement dated March 28, 2023**

This information supplements the First American Money Market Funds SAI dated November 15, 2022. Please retain this supplement for future reference.

**The table on pages 16-18 of the SAI under the heading "Directors and Executive Officers—Independent Directors" is replaced by the following:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address\* and<br>Year of Birth** | &nbsp;&nbsp;**Position Held with the Fund** | &nbsp;&nbsp;**Term of Office and Length of** <br> **Time Served** | &nbsp;&nbsp;**Principal Occupation During**<br> **Past 5 Years and Other Relevant Experience<sup>1</sup>** | &nbsp;&nbsp;**Number of Portfolios in FAF Overseen by Director** | &nbsp;&nbsp;**Other Directorships** <br> **Held by Director<sup>2,3</sup>** |
| David K. Baumgardner<br> (1956)<br>| &nbsp;&nbsp;Director | &nbsp;&nbsp;Term expiring earlier of death, resignation, removal, disqualification, or successor duly elected and qualified; Director of FAF since January 2016 | &nbsp;&nbsp;Retired. Formerly, CFO, Smyth Companies, LLC (commercial package printing) (1990-2022). Formerly, Certified Public Accountant at a large regional CPA firm (1978-1986). Trustee and Chairman, GCUI Local 1B Health and Welfare Fund. Former Trustee, Graphics Arts Industry Joint Pension Trust. Former Chairman, Printing Industry of Minnesota Financial executives committee. Independent Director, First American Fund Complex since 2016.<br>| &nbsp;&nbsp;First American Funds Complex: 1 registered investment company, including 6 portfolios |  |
| Mark E. Gaumond<br> (1950)<br>| &nbsp;&nbsp;Chair; Director | &nbsp;&nbsp;Chair term three years; Chair term expiring earlier of death, resignation, removal, disqualification, or successor duly elected and qualified; Chair of FAF since January 2020; Director of FAF since January 2016 | &nbsp;&nbsp;Retired. Formerly, Senior Vice Chair (Americas), Ernst & Young LLP (2006-2010). Certified Public Accountant (Inactive) and member of the American Institute of Certified Public Accountants. Director, Walsh Park Benevolent Corporation. Former Director, Cliffs Natural Resources (formerly, Cliffs Natural Resources, Inc.), The California Academy of Sciences, Rayonier, Inc. and Rayonier Advanced Materials, Inc. Independent Director, First American Fund Complex since 2016.<br>| &nbsp;&nbsp;First American Funds Complex: 1 registered investment company, including 6 portfolios | &nbsp;&nbsp;Director, Booz Allen Hamilton Holding Corporation (management and technology consulting) |

---

FAF-MM- SAI-1

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address\* and <br>Year of Birth** | **Position Held with the Fund** | **Term of Office and Length of** <br> **Time Served** | **Principal Occupation During**<br> **Past 5 Years and Other Relevant Experience<sup>1</sup>** | **Number of Portfolios in FAF Overseen by Director** | **Other Directorships** <br> **Held by Director<sup>2,3</sup>** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Jennifer J. McPeek<br> (1970)<br>| &nbsp;&nbsp;Director | &nbsp;&nbsp;Term expiring earlier of death, resignation, removal, disqualification, or successor duly elected and qualified; Director of FAF since September 2019 | &nbsp;&nbsp;Independent advisor/consultant. Formerly, Chief Financial Officer, Russell Investments (2018-2019). Prior thereto, Chief Operating and Strategy Officer (2016-2017), Chief Financial Officer (2013-2016) and several other executive positions (2009-2013) at Janus Henderson Group plc and its predecessor company. Prior thereto, Senior Vice president of Strategic Planning, ING Investment Management – Americas Region (2005-2009). Ms. McPeek has also held directorships on four investment Adviser and/or trust entities and holds the Chartered Financial Analyst designation. Independent Director, First American Fund Complex since 2019.<br>| &nbsp;&nbsp;First American Funds Complex: 1 registered investment company, including 6 portfolios | &nbsp;&nbsp;Director, Cboe Global Markets, Inc. (stock and commodity exchange holding company) |
| C. David Myers<br> (1963)<br>| &nbsp;&nbsp;Director | &nbsp;&nbsp;Term expiring earlier of death, resignation, removal, disqualification, or successor duly elected and qualified; Director of FAF since September 2019 | &nbsp;&nbsp;Operating Director of AE Industrial Partners LLC and Chairman of the Industrial HVAC-R portfolio, a subset of AE Industrial Partners (2017 – present). Director, The Boler Group (operating as Hendrickson International) (manufacturing for the global commercial transportation industry) (2017 – present). Formerly, President, Building Efficiency of Johnson Controls, Inc., a global diversified technology and industrial company (2005-2014). Prior thereto, President, Chief Executive Officer and Director of York International Corporation (a provider of heating, ventilating, air conditioning, and refrigeration products and services) (2004-2005). Prior thereto, Mr. Myers served in several other executive positions at York International Corporation, including Executive Vice President, Chief Financial Officer, Finance Director – Engineered Systems Group and Corporate Controller, between 1998 and 2004; and Senior Manager, KPMG LLP (1986-1994). Independent Director, First American Fund Complex since 2019.<br>| &nbsp;&nbsp;First American Funds Complex: 1 registered investment company, including 6 portfolios | &nbsp;&nbsp;Director, The Manitowoc Company, Inc. (a global diversified technology and industrial company) |

---

FAF-MM- SAI-1

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name, Address\* and <br>Year of Birth** | &nbsp;&nbsp;**Position Held with the Fund** | &nbsp;&nbsp;**Term of Office and Length of** <br> **Time Served** | &nbsp;&nbsp;**Principal Occupation During**<br> **Past 5 Years and Other Relevant Experience<sup>1</sup>** | &nbsp;&nbsp;**Number of Portfolios in FAF Overseen by Director** | &nbsp;&nbsp;**Other Directorships** <br> **Held by Director<sup>2,3</sup>** |
| P. Kelly Tompkins<br> (1956)<br>| &nbsp;&nbsp;Director | &nbsp;&nbsp;Term expiring earlier of death, resignation, removal, disqualification, or successor duly elected and qualified; Director of FAF since September 2019 | &nbsp;&nbsp;Senior Advisor, Dix & Eaton (investor relations) (2018-present). Leader-in-Residence, Cleveland State College of Law (2018-present). Trustee, Cleveland State University Board of Trustees (2022-present). Board Member, Ohio Access to Justice Foundation and Chair, Nominating and Governance Committee (2023-present). Formerly, Executive Vice President (2010-2017), Chief Operating Officer (2017), Chief Financial Officer (2015-2016), Cleveland-Cliffs, Inc. (formerly, Cliffs Natural Resources, Inc.). Prior thereto, Executive Vice President and Chief Financial Officer, RPM International, Inc. (2008-2010) (multinational manufacturing company). Independent Director, First American Fund Complex since 2019. | &nbsp;&nbsp;First American Funds Complex: 1 registered investment company, including 6 portfolios |  |

---

<sup>\*</sup> The address of each of the directors is P.O. Box 1329, Minneapolis, Minnesota, 55440-1329 unless otherwise noted.

<sup>1</sup> Includes each Director's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Director's qualifications to serve as a Director, which contributed to the conclusion that each Director should serve as a Director for FAF.

<sup>2</sup> Includes only directorships in a company with a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 (the "Exchange Act") or subject to the requirements of Section 15(d) of the Exchange Act, or any company registered as an investment company under the 1940 Act.

FAF-MM- SAI-1