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.

Fund information

Began operations: 5/01/09
Net and gross expense ratios:* 0.46% / 0.46%
Investment expenses paid annually:† $4.60 for a $1,000 balance

Ticker symbol: RAGXX

*The expense ratios are estimated. The investment adviser is currently reimbursing a portion of other expenses.The reimbursement will be in effect through at least November 8, 2020. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Expense ratios are estimated as of each fund’s prospectus. The expense ratio does not reflect sales charge or fees charged by financial intermediaries. Please see the fund’s most recent prospectus for details.
†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 9/30/24; 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. (These percentages are based on Class R-5E shares at net asset value after the share class inception date of May 15, 2002. All Class R-5E share results prior to this date, or prior to the date of first sale, are hypothetical based on Class A share results, adjusted for typical additional estimated expenses, and are calculated without a sales charge. These results are updated annually as of 12/31. Other share class results will vary.)

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.

The annualized seven-day SEC yield as of 10/31/24 for American Funds® U.S. Government Money Market Fund was 4.42%. This yield reflects certain expenses reimbursed by the investment adviser. Without the reimbursements, the yield would have been 4.42%. The yield more accurately reflects the fund’s current earnings than do the fund’s total returns.

Average annual total returns through 9/30/24

Class R-5E Shares

	Latest10 years	Latest5 years	Latest3 years	Latestyear
At net asset value	1.33%	2.05%	3.24%	5.04%
With CDSC	1.33%	2.05%	3.24%	5.04%

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 reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. 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.

Class R-5E shares were first offered on November 20, 2015. Class R-5E share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for typical estimated expenses. View dates of first sale and specific expense adjustment information for Class R-5E shares.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

The value of fixed-income securities may be affected by changing interest rates and changes in credit ratings of the securities.

Visit the SEC website for the American Funds U.S. Government Money Market Fund’s most recent filings.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from your plan’s financial professional or downloaded and should be read carefully before investing. You can find a link to the prospectus at the top of the page.

Use of this website is intended for U.S. residents only.

Capital Client Group, Inc.

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