American Funds®

MONEY MARKET FUNDS

®

Share Class

Purchase Restrictions: For American Funds Money Market Fund, Class 529-A shares may be exchanged into any other fund’s Class 529-C shares, except for American Funds Inflation Linked Bond Fund, Intermediate Bond Fund of America and Short-Term Bond Fund of America. See the prospectus for details.

Summary

Price at NAV $1.00
as of 02/25/2015 (updated daily)
Fund Assets (millions) $16,553.8 Portfolio Managers N/A Expense Ratio 0.50% Prospectus (PDF)

Asset Mix

U.S. Equities0%
Non-U.S. Equities0%
U.S. Bonds3.9%
Non-U.S. Bonds0%
Cash & Equivalents96.1%

As of 1/31/2015 (updated monthly).

Description

Fund Objective
The investment objective of the fund is to provide a way to earn income on your cash reserves while preserving capital and maintaining liquidity. The fund is a money market fund that seeks to preserve the value of your investment at $1.00 per share.

Fund Statistics

50 days
Weighted Average Days to Maturity
As of 2/25/2015 (updated daily).

Fund Facts

Fund Inception 05/01/2009
Fund Assets (millions)
As of 1/31/2015 (updated monthly).
$16,553.8
Shareholder Accounts
Shareholder accounts are as of 1/31/2015 (updated monthly).
57,777
Regular Dividends Paid Monthly
Minimum Initial Investment $1,000
Capital Gains Paid --
Fiscal Year-End Sep
Prospectus Date 12/01/2014
CUSIP 02630U 60 2
Fund Number 1059

Returns

Returns at NAV | With Sales Charge
AAFXX
529-A Share data is not available; please click here for a chart based on an investment in Class A shares.
7-Day SEC Yield as of 2/25/2015 (updated daily) 7-Day SEC Yield as of 1/31/2015 (updated monthly)
Fund at NAV 0.00% 0.00%
Fund at MOP N/A N/A

Holdings

Money Market Breakdown

Cash & Equivalents Detail

Government Agency Securities 64.8%
U.S. Treasuries 20.6%
Commercial Paper & Cash 11.0%
Other 3.5%
Agency Notes & Bonds 0.1%
% of net assets as of 12/31/2014 (updated quarterly).

Top Securities

U S TREASURY BILL 4/23/2015
3.16%
FED HM LN BK DISC NT 1/21/2015
2.78%
U S TREASURY BILL 1/8/2015
2.78%
FED HM LN BK DISC NT 1/30/2015
2.73%
FED HM LN BK DISC NT 1/7/2015
2.49%
FED HM LN BK DISC NT 1/28/2015
2.42%
FED HM LN BK DISC NT 1/16/2015
2.34%
U S TREASURY BILL 1/15/2015
2.34%
FED HM LN BK DISC NT 2/11/2015
2%
FED HM LN BK DISC NT 2/6/2015
1.95%

% of net assets as of 12/31/2014 (updated quarterly).

Prices & Distributions

FIND HISTORICAL PRICES
2015
2006-2015

2014
Record
Date
Calculated
Date
Pay Date
Income Dividend
Regular
Income Dividend
Special
Cap. Gains
Long-Term
Cap. Gains
Short-Term
Reinvest NAV
No data available for 2014
2014 Year-to-Date:
Dividends Subtotal: --
Cap Gains Subtotal: --
Total Distributions: --

Fees & Expenses

Fees

Annual Management Fees 0.27%
Other Expenses 0.23%
Service 12b-1 0.00%
As of each fund's most recent prospectus.

Expense Ratio

Gross Net
Fund 0.50% 0.07%
Lipper U.S. Government Money Market Funds Average 0.09%

Resources

Prospectuses & Reports for AAFXX

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. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely.

Returns shown at net asset value (NAV) have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

For money market funds, the annualized 7-day SEC yield more accurately reflects the fund's current earnings than does the fund's return.

View the funds' current expense ratios and month-end results.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.

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

An investment in the money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Depending on your state of residence, there may be an in-state plan that offers tax and other benefits not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is sponsored by Virginia529℠.

Funds are actively managed, so holdings will change.

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. View results and yields without fee waiver and/or expense reimbursement.

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.
  2. American Funds Money Market 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 and expense ratio higher.
  3. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  4. Expense ratios are as of the most recent prospectus.
  5. Source for Lipper expense ratio comparison: Lipper, based on no-load funds, excluding funds of funds, for the most recent fiscal year-ends available as of 12/31/2014.
  6. Excludes certain securities in initial period of acquisition.
  7. Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns at NAV, adjusted for volatility, relative to peers. Lipper ratings for Expense reflect funds’ expense minimization relative to peers with similar load structures. Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Tax Efficiency reflect funds’ historical success in postponing taxable distributions relative to peers. Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency, and Expense metrics. The highest 20% of funds in each classification are named Lipper Leaders for Total Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Lipper Leader © 2015, Thomson Reuters, All Rights Reserved.
  8. Morningstar Rating™ for Funds: For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. Past results are not guarantee of results in future periods. Morningstar Rating is for Class 529-A only; other classes may have different performance characteristics.
  9. The Morningstar Ownership Zone™ provides detail about a portfolio's equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund's assets, and it provides an intuitive visual representation of the area of the market in which the fund invests. A "centroid" plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the shape and location of a fund's ownership zone may vary.
  10. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2014, to the current date shown above.
  11. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. 

American Funds Money Market Fund Class A shares is the only share class in the American Funds offering check-writing privileges. It is also the only share class that can be exchanged into certain other share classes of other American Funds.

If withdrawals from 529 plans are used for purposes other than higher education, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.

©2015 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor the American Funds are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.

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.

For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

Terms and Definitions

Historical Long-Term Capital Gains: When a capital gain distribution is paid, the net asset value per share is reduced by the amount of the payment plus or minus any change in the value of the fund's holdings. Read our explanation of the effect of a capital gain on a fund's price for details. Two types of capital gains are realized by our funds — short-term and long-term. Net short-term capital gains are distributed to shareholders as income dividends and are taxed at ordinary income tax rates. Long-term capital gain distributions are taxed at a maximum 15% rate.

Valuation : Price-to-book ratio compares a stock's market value to the value of total assets less total liabilities (book value). Adjusted for stock splits. Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund. Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Valuation Price-to-Cash Flow: Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund.

Valuation Price-to-Earnings Ratio: Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Morningstar rating : In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Sharpe Ratio: Sharpe ratios use standard deviation and excess return to determine reward per unit of risk. The higher the number, the better the portfolio's historical risk-adjusted performance.

R-Squared: R-squared is a measure of the correlation between a particular fund's return and that of its benchmark index. A measure of 100 indicates that all of the fund's return can be explained by movements in its benchmark. Generally the higher the R-squared measure, the more reliable the beta measurement will be. Calculated by Morningstar.

Beta: Beta relatively measures a fund's sensitivity to market movements over a specified period of time. The beta of the market (represented by the benchmark index) is equal to 1; a beta higher than 1 implies that a fund's return was more volatile than the market. A beta lower than 1 suggests that the fund was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

Capture Ratio Downside: Capture ratios reflect the annualized product of fund vs. index returns for all months in which the index had a positive return (upside capture) or negative return (downside capture).

Currency Weighting Short Breakdown: The fund's exposure to a specific currency before taking into consideration any forward currency contracts that may increase or decrease that currency's exposure.