First American CA Tax-Free Y  FCAYX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni California Long Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   9.12 Yrs
   Avg Credit Quality
   A
As of 2009-09-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.72
  
YTD Return % (2009-11-20)
15.16%
  
Total Assets ($ mil)
101
View Data Definitions
  Performance    
Growth of $10,000 Fund: First American CA Tax-Free Y
(from 2000-02-01 to 2009-10-31) Category: Muni California Long
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2000-02-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 15.16 11.96 3.03 3.60 --- 5.72
+/- Category -1.57 -1.70 1.44 0.84 --- ---
+/- BarCap Municipal TR USD 3.02 0.29 -1.22 -0.76 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 18.08 14.33 4.19 4.20 --- 6.08
Month-End (as of 2009-10-31) 14.87 13.47 3.03 3.40 --- 5.72
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 13.47 2.97 3.33 --- ---
On Distribution & Sale of Shares --- 10.47 3.21 3.51 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 152 funds), (5 yrs : out of 141 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 26.62
Advance Refunded 0.78
State Appropriated Tobacco 3.14
Non-state Appropriated Tobacco ---
Education 21.01
Health 11.58
Housing 2.11
Industrial 1.68
Transportation 1.63
Utilities ---
Water/Sewer 8.35
Misc. Revenue 23.11
Bond Quality % of Bonds
AAA 3.0
AA 25.4
A 38.5
BBB 29.0
BB 0.8
B 0.0
Below B 0.0
Not Rated 3.3
 
Asset Allocation
% of Net Assets
Cash 0.9
Stocks 0.0
Bonds 99.1
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 27
Total Number of Bond Holdings 159 30 Day SEC Yield % 3.64
% of Assets in Top 10 Holdings 15.07 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
CALIFORNIA HEALTH FACS FING AU HOSP REV 2019-11-01 1,760 1,764 1.74
Golden St Tob Securitization C Enhanced 2022-06-01 1,900 1,746 1.72
Poway Calif Uni Sch Dist 2029-08-01 5,000 1,704 1.68
Victor Valley Calif Cmnty Coll Go Bds 5% 2031-08-01 1,530 1,639 1.61
California St Pub Wks Brd Leas Lease 5% 2016-11-01 1,500 1,623 1.60
SAN BERNARDINO CALIF CMNTY COL GO BDS 2027-08-01 1,265 1,545 1.52
Los Angeles Calif Uni Sch Dist 4.5% 2025-07-01 1,340 1,364 1.34
West Contra Costa Calif Uni Sc Go Sch 6% 2024-08-01 1,100 1,321 1.30
California St Pub Wks Brd Leas Lease 5% 2034-04-01 1,250 1,309 1.29
SAN DIEGO CALIF UNI SCH DIST G O BDS 2033-07-01 2,000 1,291 1.27
Data through 2009-09-30
  Other Information
Fund Inception: 2000-02-01
Portfolio Manager  (Start Date)
Christopher L. Drahn  (2000-02-29)
Drahn is a Senior Fixed-Income Portfolio Manager. He joined FAF Advisors in 1980. Drahn holds the Chartered Financial Analyst designation.
Michael S. Hamilton  (2002-12-31)
Hamilton, with the position of director and senior portfolio manager, is the officer of FAF Advisors, Inc. He has been employed by the parent company of the firm and its predecessors since 1989.
Sales Charge %
(taken from prospectus dated 2009-10-28)
Front: None
Deferred: None
Expense Ratio % 0.50
based on net assets
(taken from annual report dated 2009-06-30)
Correspondence Information
800 Nicollet Mall
Bc-mn-h04n
Minneapolis,  MN  55402
USA
Telephone:
800-677-3863
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.