American Funds® U.S. Government Money Market Fund

Capital Preservation

 

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.

*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)

Past results

The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (Class C shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class C share returns prior to the date of the first sale are hypothetical results based on Class A share returns without a sales charge, adjusted for typical additional annual expenses of about 0.82% on average over the first 10 years. Shares of some funds were not sold on the first day available; please see the fund’s most recent shareholder report for the actual date of first sale.)

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.Unless otherwise indicated, all results are calculated at net asset value. Returns at net asset value would have been lower if the contingent deferred sales charge had been deducted. Returns with CDSC reflect deduction of a contingent deferred sales charge (1%) on shares sold within the first year of purchase.

The annualized seven-day SEC yield as of 6/30/24 for American Funds® U.S. Government Money Market Fund was 4.72%. This yield reflects certain expenses reimbursed by the investment adviser. Without the reimbursements, the yield would have been 4.72%. The yield more accurately reflects the fund’s current earnings than do the fund’s total returns.

Average annual total returns through 6/30/24

Class C Shares