Forms & Documents

Click on the links below to read important documents published by PFM Funds.

Important Fund Documents

Document	Effective Date
Summary Prospectus - Government Select Series/Institutional Class	October 22, 2021
Statutory Prospectus	October 22, 2021, as amended effective November 24, 2021
Statement of Additional Information	October 22, 2021, as amended effective November 24, 2021
Annual Report	June 30, 2021
Semi Annual Report	December 31, 2020
XBRL Files*: Statutory Prospectus	October 22, 2021

The Fund's prospectus and recent financial reports can be viewed online by clicking on the links above. You may request that a copy of prospectus be mailed to you by contacting the Fund's distributor, PFM Fund Distributors, Inc. at 1-800-338-3383. You can also review and copy the Fund's reports at the Public Reference Room of the SEC or at the SEC's website at http://www.sec.gov*

* The link above is to a third-party website which is external to the Fund's website. The Fund has not participated in the preparation of the material contained on this third-party website and does not explicitly or implicitly endorse or approve the information contained therein.

**The electronic files are available in XBRL (eXtensible Business Reporting Language) format, which requires special viewer software to be read. You can download special Interactive Data Viewer software and also copies of the PFM Funds' XBRL filings on the SEC's website at http://xbrl.sec.gov/. For prospectuses, only the Risk/Return Summary section of it and any updated supplements to that section are available in XBRL format.

These documents are provided in Adobe® PDF format. In order to view, edit and print these documents, you must have access to Adobe's Acrobat® Reader. Click here to obtain a free copy of the Adobe Acrobat® Reader.

IMPORTANT MESSAGE: Independence Day Holiday

Due to the Independence Day Holiday, the Fund will be closed on Monday, July 4, 2022.

Important Announcement

Effective December 20, 2021, PFM Funds’ Government Select Series will merge into the First American Funds Government Obligations Fund, Class Z. For more information about First American Funds Government Obligations Fund, please visit www.FirstAmericanFunds.com. Historical information on the PFM Funds’ Government Select Series will remain on this site until June 30, 2022.

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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 www.pfmfunds.com. 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) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). 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.