American FundsŪ U.S. Government Money Market Fund
Overview
American Funds U.S. Government Money Market Fund may be appropriate for:
- Conservative investors who want a fund that seeks to maintain a value of $1.00 per share
- Individuals looking for a way to earn income while preserving capital
Objective
The investment objective of the fund is to provide you with a way to earn income on your cash reserves while preserving capital and maintaining liquidity. The fund is a government money market fund that seeks to preserve the value of your investment at $1.00 per share.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 5/01/09
- Expense ratio:* 0.53%
- Investment expenses paid annually: $5.30 for a $1,000 balance
- Ticker symbol: AFAXX
*The investment adviser is currently reimbursing a portion of the fund’s fees and expenses. Net expenses reflect the reimbursement, without which the expenses would be higher. Please see the Financial Highlights table in the fund’s most recent prospectus for details. Although the fund has 12b-1 plans for some share classes, it is currently suspending certain 12b-1 payments in this low interest rate environment. Should payments commence, the fund’s expenses will be higher.
You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Investments
The fund invests substantially in U.S. Treasury securities and other securities backed by the full faith and credit of the U.S. government, as well as securities issued by U.S. federal agencies. The fund may also invest in other high-quality money market instruments.
Where the fund was invested
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Portfolio holdings
View the previous six months of portfolio holdings information for the American Funds U.S. Government Money Market Fund.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. You could lose money by investing in the money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will do so at any time.
Average annual total returns through 6/30/24
Latest10 years | Latest5 years | Latest3 years | Latestyear | |
---|---|---|---|---|
At net asset value | 1.25% | 1.89% | 2.81% | 4.99% |
Fund statistics
View statistics for the American Funds U.S. Government Money Market Fund , including daily and weekly liquidity information, net flows and market-based net asset value (NAV).
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Although the fund has 12b-1 plans for some share classes, the fund is currently suspending certain 12b-1 payments in this low interest rate environment. Should payments commence, the fund’s investment results will be lower. The investment adviser is currently reimbursing a portion of the fund's fees and expenses. Investment results reflect the reimbursement, without which the results would have been lower. Please see the Financial Highlights table in the fund’s most recent prospectus for details. See results without waivers and/or reimbursements. Read details about how waivers and/or reimbursements affect the results for each American Fund.