U.S. Government Securities Fund®

American Funds®

Share Class F-1

Bond 
 fund Bond
 
Overview

U.S. Government Securities Fund may be appropriate for:

  • Investors seeking a high level of current income
  • Investments in bonds with minimal credit risk
  • Investors who want to preserve capital

Objective

The fund's investment objective is to provide a high level of current income consistent with prudent investment risk and preservation of capital.

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: 10/17/85
  • Expense ratio:* 0.62%
  • Investment expenses paid annually:† $6.20 for a $1,000 balance
  • Ticker symbol: UGSFX
Investments

Normally, the fund will invest substantially all of its assets (at least 80%) in securities guaranteed or sponsored by the U.S. government and in cash and cash equivalents. The fund may invest up to 20% of assets in mortgage- and asset-based securities with the highest quality rating (Aaa/AAA) at the time of purchase (or unrated but determined by the fund’s investment adviser to be of equivalent quality). The portfolio may also include investments in securities issued by U.S. governmental agencies or instrumentalities that are not guaranteed by the U.S. government.

Where the fund was invested
fund holdings

*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.

 
Past results

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.  Unless otherwise indicated, all results are calculated at net asset value.

HistReturn
Average annual total returns through 6/30/21
Class F-1 Shares
  Latest10 years Latest5 years Latest3 years Latestyear
At net asset value 2.63% 2.38% 4.96% -0.93%
 

 

Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

Class F-1 shares were first offered on March 15, 2001. Class F-1 share results prior to the date of the first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. View dates of first sale and specific expense adjustment information for Class F-1 shares. Please see the prospectus for more information about specific expenses.

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.

The return of principal in bond funds is not guaranteed. Bond funds have the same interest rate, inflation and credit risks that are associated with the underlying bonds owned by the fund.

Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch, as an indication of an issuer’s creditworthiness.

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.