American Funds®

MONEY MARKET FUNDS

®

Share Class

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

Summary

Price at NAV $1.00
as of 05/27/2015 (updated daily)
Fund Assets (millions) $16,351.8 Portfolio Managers N/A Expense Ratio 0.38% Prospectus (PDF)

Asset Mix

U.S. Equities0%
Non-U.S. Equities0%
U.S. Bonds4.6%
Non-U.S. Bonds0%
Cash & Equivalents95.4%

As of 4/30/2015 (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 5/27/2015 (updated daily).

Fund Facts

Fund Inception 05/01/2009
Fund Assets (millions)
As of 4/30/2015 (updated monthly).
$16,351.8
Shareholder Accounts
Shareholder accounts are as of 4/30/2015 (updated monthly).
433,214
Regular Dividends Paid Monthly
Minimum Initial Investment $1,000
Capital Gains Paid --
Fiscal Year-End Sep
Prospectus Date 12/01/2014
CUSIP 02630U 10 7
Fund Number 59

Returns

Returns at NAV | With Sales Charge
AFAXX
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested.
AFAXX
7-Day SEC Yield as of 5/27/2015 (updated daily) 7-Day SEC Yield as of 4/30/2015 (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 65.1%
U.S. Treasuries 26.7%
Commercial Paper & Cash 7.0%
Other 1.2%
% of net assets as of 3/31/2015 (updated quarterly).

Top Securities

U S TREASURY BILL 4/23/2015
3.73%
FED HM LN BK DISC NT 4/22/2015
3.29%
U S TREASURY BILL 5/7/2015
2.99%
FED HM LN BK DISC NT 4/1/2015
2.93%
FED HM LN BK DISC NT 4/8/2015
2.88%
FED HM LN BK DISC NT 4/29/2015
2.42%
FED HM LN BK DISC NT 4/17/2015
2.29%
FED HM LN BK DISC NT 4/10/2015
2.17%
FED HM LN BK DISC NT 5/1/2015
2.12%
U S TREASURY BILL 4/2/2015
2%

% of net assets as of 3/31/2015 (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 0.11%
Service 12b-1 0.00%
As of each fund's most recent prospectus.

Expense Ratio

Gross Net
Fund 0.38% 0.07%
Lipper U.S. Government Money Market Funds Average 0.09%

Resources

Prospectuses & Reports for AFAXX

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 fund expense ratios and returns.

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 a financial professional and should be read carefully before investing.

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.

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. 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.
  2. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  3. Expense ratios are as of the most recent prospectus.
  4. 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 3/31/2015.
  5. Excludes certain securities in initial period of acquisition.
  6. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2015, to the current date shown above.
  7. 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.

©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.

Historical Regular Dividend: The share prices of all of our equity funds decrease when a dividend is paid. The share price of only one of our fixed-income funds, Capital World Bond Fund, also decreases when a dividend is paid. A fund pays a special dividend when the investment income generated by the fund exceeds the income the fund has paid in the form of dividends throughout the year. Special dividends are distributed with the last dividend payment at the end of the calendar year. Prior to January 1, 2003, short-term capital gains distributed to shareholders as income dividends and special dividends paid to shareholders were included in the aggregate income dividend dollar amount.

Historical Short-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.

Historical Special Dividend: The share prices of all of our equity funds decrease when a dividend is paid. The share price of only one of our fixed-income funds, Capital World Bond Fund, also decreases when a dividend is paid. A fund pays a special dividend when the investment income generated by the fund exceeds the income the fund has paid in the form of dividends throughout the year. Special dividends are distributed with the last dividend payment at the end of the calendar year. Prior to January 1, 2003, short-term capital gains distributed to shareholders as income dividends and special dividends paid to shareholders were included in the aggregate income dividend dollar amount.