American FundsŪ 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
- 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 3/31/24; 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 3/31/24
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 1.12% | 1.75% | 2.40% | 4.91% |
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.
In applying any particular asset allocation model to your own individual situation, you should consider your other assets, income and investments. For example, in addition to your retirement plan investments, you should consider any investments (including those in an Individual Retirement Account) and savings accounts.
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.
Fund results and expense ratio information listed above apply to Class A shares only. The results and expense ratio information for the investments in your plan may differ.
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.
American Funds Distributors, Inc., member FINRA.
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