To meet the income needs of retirees, First American Funds has launched the Income Builder Fund. The fund offers monthly dividends, which investors can use for living expenses or have reinvested.

The fund, designed as a fund-of-funds, invests in both fixed income and equity securities to offer greater opportunities for growth and to balance market risks. Its underlying investments are the First American High Income Bond Fund, U.S. Government Mortgage Fund, Real Estate Securities Fund and Large Cap Value Fund.

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