American Funds®

  • Forms
  • MY ACCOUNTS
  • INVESTMENTS
  • INSIGHTS
  • PRODUCTS
  • PLANNING
  • SERVICE & SUPPORT

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.
Money Market Reform Affects American Funds Money Market Fund: In response to recent SEC amendments to the rules governing money market funds, American Funds Money Market Fund's investment guidelines will be revised so that the fund meets the requirements of a U.S. government money market fund. The fund's name will change to American Funds U.S. Government Money Market FundSM on or about April 1, 2016. More Details

Summary

Price at NAV $1.00
as of 02/10/2016 (updated daily)
Fund Assets (millions) $17,770.8 Portfolio Managers N/A Expense Ratio 0.38% Prospectus (PDF)

Asset Mix

U.S. Equities0%
Non-U.S. Equities0%
U.S. Bonds6.2%
Non-U.S. Bonds0%
Cash & Equivalents93.8%

As of 12/31/2015 (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

49 days
Weighted Average Days to Maturity
As of 2/10/2016 (updated daily).

Fund Facts

Fund Inception 05/01/2009
Fund Assets (millions)
As of 1/31/2016 (updated monthly).
$17,770.8
Shareholder Accounts
Shareholder accounts are as of 12/31/2015 (updated monthly).
433,121
Regular Dividends Paid Monthly
Minimum Initial Investment $1,000
Capital Gains Paid --
Fiscal Year-End Sep
Prospectus Date 12/01/2015
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 2/10/2016 (updated daily) 7-Day SEC Yield as of 1/31/2016 (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 75.1%
U.S. Treasuries 24.9%
Commercial Paper & Cash 0.0%
% of net assets as of 12/31/2015 (updated quarterly).

Top Securities

FED HM LN BK BD 1/15/2016
4.02%
U S TREASURY BILL 1/14/2016
3.77%
FED HM LN BK BD 1/20/2016
3.74%
FED HM LN BK BD 1/4/2016
3.34%
FED HM LN BK BD 2/5/2016
2.77%
FED HM LN BK BD 1/8/2016
2.63%
U S TREASURY BILL 1/7/2016
2.47%
FED HM LN BK BD 1/27/2016
2.46%
FED HM LN BK BD 1/6/2016
2.28%
U S TREASURY BILL 3/3/2016
2.05%

% of net assets as of 12/31/2015 (updated quarterly).

Prices & Distributions

FIND HISTORICAL PRICES
2016
2007-2016

2015
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 2015
2015 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% 0.08%
Lipper U.S. Government Money Market Funds Average 0.08%

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.

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 the American Funds Money Market Fund. Although the fund seeks to preserve the value of your investment at $1.00 share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

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.

Although American Funds 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.

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.

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.

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. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  2. Expense ratios are as of the most recent prospectus.
  3. 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  12/31/2015.
  4. Excludes certain securities in initial period of acquisition.
  5. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2016, to the current date shown above.
  6. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. 

©2016 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.

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