EFFECTIVE DECEMBER 20, 2021: PFM Funds Government Select Series has merged with the First American Funds. All shareholders received equivalent shares of First American Funds Government Obligations Fund, Class Z on December 20, 2021 (the “Reorganization”).

For Direct Shareholders - access your account(s) with First American Funds through DSTVision, the Fund’s online transaction and reporting platform. First time users can establish user access using this guide. If you need help in establishing and/or accessing your new FAF account(s), please call 855-250-2208.

For PFMAM-advised separately managed accounts that invested in PFM Funds – you can access your accounts, view balances, and transfer funds through your custodian bank. PFMAM managed account statements and performance reporting will continue to be available through EON, PFMAM’s online reporting platform, at For questions regarding your account, portfolio trades or strategy, please contact your PFMAM relationship team that works with you.

Historical statements and confirms through December 17, 2021 will continue to be available through EON by clicking on Account Access from the menu on this page or through Historical daily net asset values, shareholder flows, and liquidity information for PFM Funds will continue to be available on this page until June 30, 2022.

For any other questions please contact your PFMAM relationship team that works with you.

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This information does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security by anyone in any jurisdiction in which such offer or solicitation is not authorized, or in which the person making such offer is not qualified to do so, or to anyone to whom it is unlawful to make such an offer or solicitation, or to anyone in any jurisdiction outside the United States. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Fund's portfolios. This and other information about the Fund is available in the Fund's current Prospectus, which should be read carefully before investing. A copy of the Fund's Prospectus may be obtained by calling 1-800-338-3383 or is available on the Fund's website at While the Fund's portfolio seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Fund are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) ( and Securities Investor Protection Corporation (SIPC) ( PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC.
 Effective October 3, 2016, Government Select Series adopted a policy to invest at least 99.5% of its total assets in cash and the following types of high quality, short-term investments: U.S. government securities (including securities issued or guaranteed by the U.S. government or its agencies or instrumentalities) (“U.S. Government Securities”); repurchase agreements for U.S. Government Securities that are collateralized fully; and shares of money market funds that invest exclusively in types of obligations in which Government Select Series is authorized to invest. It also adopted, effective on such date, a policy under which it invests, under normal market conditions, at least 80% of its net assets in U.S. Government Securities and/or repurchase agreements that are collateralized fully by U.S. Government Securities. Prior to October 3, 2016, Government Select Series was known as Prime Series and invested in a broader range of money market obligations, including obligations of U.S. companies, financial institutions and municipalities. Investment performance for periods prior to October 3, 2016 is not reflective of the current investment strategy of Government Select Series.


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