Disclosures

About PFM Asset Management

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc.

PFM Financial Services LLC is an affiliate of U.S. Bancorp Asset Management, Inc., a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc. U.S. Bank is not responsible for and does not guarantee the products, services, or performance of PFM Financial Services LLC.

NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE