Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC provides single-source solutions to support a variety of investment strategies and products including mutual funds, alternative investments, and exchange traded funds. The division currently services 540 fund families comprised of 3,593 portfolios, 5,145 fund classes, and 3.6 million shareholder accounts with $941 billion in client assets. U.S. Bancorp Fund Services is a subsidiary of U.S. Bank, the fifth largest commercial bank in the United States.