American Funds U.S. Government Money Market Fund - AAZXX | American Funds

MONEY MARKET FUNDS

SM

Share Class

Summary

Price at NAV $1.00 as of 7/19/2018 (updated daily)
Fund Assets (millions) $15,821.6
Portfolio Managers N/A
Expense Ratio 0.47%

Returns at NAV

Returns with Sales Charge

N/A
1-year return
N/A
5-year return
N/A
Lifetime return
--%
Annualized 7-Day SEC Yield Fund at NAV
Returns as of -- (updated monthly). Yield as of -- (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds4.0%
Non-U.S. Bonds0.0%
Cash & Equivalents96.0%
As of 6/30/2018 (updated monthly)

Description

Fund 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.

Fund Statistics

36 days
Weighted Average Maturity
48 days
Weighted Average Life

As of 6/30/2018 (updated quarterly)

Liquidity, Net Flows & Pricing

As of Date Daily Liquid Assets (%) Weekly Liquid Assets (%) Net Flows ($) Market Value NAV ($)
7/18/18 45.84 84.22 -38,607,449.69 1.0000
7/17/18 48.17 86.16 -19,830,491.96 1.0000
7/16/18 45.07 86.20 -8,390,787.53 1.0000
7/13/18 43.04 85.57 10,988,668.68 1.0001
7/12/18 43.06 85.03 -28,126,769.89 --
7/11/18 43.46 85.56 -134,694,533.68 --

VIEW HISTORY

Fund Facts

Fund Inception 5/01/2009
Fund Assets (millions)
As of 6/30/2018
$15,821.6
Regular Dividends Paid Monthly
Minimum Initial Investment $1,000
Capital Gains Paid --
Fiscal Year-End Sep
Prospectus Date 07/01/2018
CUSIP 02630U 72 7
Fund Number 48059

Returns

Month-End Returns as of 6/30/18

Quarter-End Returns as of 6/30/18

Growth of 10K

ABLE-A Share data is not available ; please click here for a chart based on an investment in Class F-2 shares.

High & Low Prices

7-Day SEC Yield as of 7/19/2018 (updated daily) 7-Day SEC Yield as of -- (updated monthly)
Fund at NAV 1.33% --%
Fund at MOP N/A N/A

Holdings

Money Market Breakdown

Sectors

Government Agency Securities 57.5%
U.S. Treasuries 30.3%
Repurchase Agreements 9.2%
Cash & equivalents 3.0%

% of net assets as of 6/30/2018 (updated quarterly)

Top Securities

U S TREASURY BILL 7/5/2018
4.1%
FED HM LN BK BD 7/20/2018
3.8%
FED HM LN BK DISC NT 7/11/2018
3.0%
FED HM LN BK BD 8/3/2018
2.7%
U S TREASURY BILL 7/12/2018
2.7%
U S TREASURY BILL 7/19/2018
2.6%
TD SECS US 2.10% 07-02-18 TSY REPO TP
2.5%
FED HM LN BK BD 8/7/2018
2.5%
FED HM LN MTG CORP DISC NT 7/18/2018
2.3%
BNP PARIBAS 2.10% 07-02-18 TSY REPO TP
2.2%

% of net assets as of 6/30/2018 (updated quarterly)

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

2017
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 2017
2017 Year-to-Date: Dividends Subtotal: -- Cap Gains Subtotal: --
Total Distributions: --

Fees & Expenses

Fees

Annual Management Fees 0.27%
Other Expenses 0.20%
Service 12b-1 0.00%
As of each fund's most recent prospectus.

Expense Ratio

Gross Net
AAZXX 0.47% 0.40%
Lipper U.S. Government Money Market Funds Average --%
Fund as of most recent prospectus. Lipper Category as of 6/30/18 (updated monthly).

Resources

form-n-cr | Capital Group

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. Returns will vary, so investors may lose money. Investing for short periods makes losses more likely. View fund expense ratios and returns.

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.

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

You could lose money by investing in American Funds U.S. Government 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.

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

Although American Funds U.S. Government Money Market 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 and expenses will be higher.

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.

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

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

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

American Funds U.S. Government Money Market Fund Class ABLE-A is the only share class that can be exchanged into certain other share classes of other American Funds.

There may have been periods when the fund(s) lagged the index(es). Certain market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

All Capital Group trademarks referenced are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company. 

Funds are managed, so holdings will change.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

As compensation for its oversight and administration, Virginia529 receives a quarterly fee accrued daily and calculated at the annual rate of 0.10% on the first $20 billion of the net assets invested in ABLEAmerica and CollegeAmerica in the aggregate and 0.05% on net assets between $20 billion and $100 billion. This fee applies to both Class 529 and Class ABLE-A shares. Additional breakpoints apply to assets in excess of $100 billion. Virginia529 is currently waiving the fee with respect to ABLEAmerica assets. This waiver will be in effect through at least July 1, 2019. Subject to the terms of its contractual arrangement with the investment adviser, Virginia529 may elect to extend, modify or terminate the waiver at that time. 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.

  1. Excludes certain securities in initial period of acquisition.
  2. Cash & equivalents includes short-term securities, accrued income and other assets less liabilities.
  3. Figures include convertible securities; totals may not reconcile due to rounding. Methodology notes: The equity breakdown by revenue reflects the fund’s publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company’s reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the fund and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company’s weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.
  4. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  5. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2017, to the current date shown above.
  6. Expense ratios are as of the most recent prospectus. The expense ratio for the ABLE-A share class is estimated.
  7. Class ABLE-A shares were first offered on July 13, 2018. Class ABLE-A share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated annual expenses. View dates of first sale and specific expense adjustment information.

Securities offered through American Funds Distributors, Inc.

Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.

©2018 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.

Terms and Definitions

USTREAS T-Bill Auction Ave 3 Mon: USTREAS T-Bill Auction Ave 3 Mon is an index that measures the performance of the average investment rate of U.S. Treasury bills (T-Bills) with a three-month maturity. Three-month T-Bills are short-term securities issued by the U.S. government that are generally considered to be risk-free. In calculating index results, Morningstar, the index provider, determines the arithmetic mean of the investment rates on all three-month T-Bills issued during a given month as reported by the U.S. Treasury's Bureau of the Public Debt. The investment rate is then converted into a price and a monthly return, assuming that the T-Bill is held to maturity.