Treasury Obligations

Investment Strategy

Seeks to provide maximum current income and daily liquidity by purchasing U.S. Treasury securities and highly liquid repurchase agreements collateralized at more than 100%.

Fund Facts

CUSIP:

31846V880

Standard & Poors Rating:

AAAm

Moody's Rating:

Aaa

Fitch Rating:

AAA

Minimum Investment:

$2500

Expense Ratio:

0.79%

1 Day Net	7 Day Current	30 Day Net
% Yieldas of 9/3/2010
0.00%	0.00%	0.01%

Total Net Assets (All Classes)

$9,026.70 million as of 8/31/2010

12 Month Distribution Yield

0.00% as of 8/31/2010

Weighted Average Maturity

49.00 DAYS as of 9/3/2010

Fund Documents

	1 mth	3 mth	YTD	1 yr	3 yr	5 yr	10 yr	Since Incept.	Inception Date
Fund Performance
	Net Yield as of 8/31/2010			Average Annualized Returns as of 6/30/2010
	0.00	0.00	0.00	0.00	1.02	2.21	–	1.67	9/24/2001

Fund Features

Assigned highest credit ratings by Standard & Poor's, Moody's, and Fitch.
The use of repurchase agreements provides a high degree of liquidity.
The combination of Treasury securities and treasury repurchase agreements offers the potential for higher yields than a portfolio comprised exclusively of Treasury securities, although repurchase agreements present some additional risk to the fund.*

*Repurchase agreements are subject to the risk that the seller will default on its obligation to repurchase the securities, which could result in a loss to the fund.

Money Market Portfolio Management

James Palmer, CFA

Managing Director, Head of Short-Term Fixed Income

Began working in the financial industry in 1987
B.S. from the University of Wisconsin - La Crosse and M.B.A. from the University of Minnesota; CFA Institute member; CFA Society of Minnesota member

Jeffrey Plotnik

Director of Money Market Fund Management

Began working in the financial industry in 1992
B.S. from St. Cloud State University and an M.B.A. from the University of St. Thomas

John Dikeman

Fixed-Income Trader

Began working in the financial industry in 1994
B.S. from the University of Wisconsin-La Crosse

Eric Espeseth

Fixed-Income Trader

Began working in the financial services industry in 2004
B.S. from St. Cloud State University

Performance shown is historical and does not guarantee future results. Current performance may be lower or higher. For current month-end performance information, call 800.677.FUND. Performance assumes the reinvestment of dividends and capital gains.

The 7-day current yield quotation, rather than the total return quotation, more closely reflects the current earnings of the fund.

An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

WAM-Weighted Average Maturity: The average of the stated maturity dates of the securities held in the fund.

Standard & Poor's AAAm Rating: S& P evaluates a number of factors, including credit quality, market price, exposure, and management.

Moody's Aaa Rating: Money market funds with this rating are judged to be of an investment quality similar to Aaa-rated fixed-income obligations; that is, they are judged to be of the highest quality.

Fitch AAA Rating: Money market funds with this rating are judged to have the highest credit quality and safety of principal.