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

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MONEY MARKET FUNDS

SM

Share Class
Purchase Restrictions: Class F-2 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.

Summary

Price at NAV $1.00 as of 11/21/2017 (updated daily)
Fund Assets (millions) $16,701.0
Portfolio Managers N/A
Expense Ratio 0.46%

Returns at NAV

Returns with Sales Charge

N/A
1-year return
N/A
5-year return
N/A
Lifetime return
0.61%
Annualized 7-Day SEC Yield Fund at NAV
Returns as of 10/31/17 (updated monthly). Yield as of 10/31/17 (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds7.2%
Non-U.S. Bonds0.0%
Cash & Equivalents92.8%
As of 10/31/2017 (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
56 days
Weighted Average Life

As of 10/31/2017 (updated quarterly)

Liquidity, Net Flows & Pricing

As of Date Daily Liquid Assets (%) Weekly Liquid Assets (%) Net Flows ($) Market Value NAV ($)
11/21/17 42.41 81.72 -110,981,903.99 1.0000
11/20/17 42.62 82.56 5,963,427.89 1.0000
11/17/17 41.66 81.50 -11,343,669.05 1.0001
11/16/17 41.86 81.02 52,477.00 1.0000
11/15/17 41.47 80.55 13,687,575.48 1.0000
11/14/17 41.98 81.13 -30,928,294.32 1.0000

VIEW HISTORY

Fund Facts

Fund Inception 5/01/2009
Fund Assets (millions)
As of 10/31/2017
$16,701.0
Shareholder Accounts
Shareholder accounts are as of 10/31/2017
2,032
Regular Dividends Paid Monthly
Minimum Initial Investment $1,000
Capital Gains Paid --
Fiscal Year-End Sep
Prospectus Date 04/07/2017
CUSIP 02630U 50 3
Fund Number 659

Returns

Month-End Returns as of 10/31/17

Quarter-End Returns as of 9/30/17

Growth of 10K

For Class F-2 Shares, this chart tracks a hypothetical investment with dividends reinvested.
AFGXX

High & Low Prices

7-Day SEC Yield as of 11/21/2017 (updated daily) 7-Day SEC Yield as of 10/31/2017 (updated monthly)
Fund at NAV 0.69% 0.61%
Fund at MOP N/A N/A

Holdings

Money Market Breakdown

Sectors

Government Agency Securities 61.5%
U.S. Treasuries 29.2%
Repurchase Agreements 9.2%
Cash & equivalents 0.1%

% of net assets as of 9/30/2017 (updated quarterly)

Top Securities

U S TREASURY BILL 11/16/2017
4.8%
U S TREASURY BILL 11/9/2017
3.4%
U S TREASURY BILL 1/2/2018
2.7%
FED HM LN BK BD 10/4/2017
2.6%
FED HM LN BK BD 11/10/2017
2.4%
TORONTO DOMINION 1.04% 10-02-17 TSY REPO TP
2.4%
FED HM LN BK BD 11/1/2017
2.3%
B 11/02/2017 6MO 11/2/2017
2.1%
MERRILL LYNCH 1.05% 10-02-17 TSY REPO TP
2.1%
FED HM LN BK BD 11/6/2017
1.9%

% of net assets as of 9/30/2017 (updated quarterly)

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions as of 11/21/17

2017
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 04/28/17 05/01/17 $0.0004254 $0.00 $0.00 $0.00 $1.00
Daily 05/31/17 06/01/17 $0.000281 $0.00 $0.00 $0.00 $1.00
Daily 06/30/17 07/03/17 $0.000355 $0.00 $0.00 $0.00 $1.00
Daily 07/31/17 08/01/17 $0.0005123 $0.00 $0.00 $0.00 $1.00
Daily 08/31/17 09/01/17 $0.000521 $0.00 $0.00 $0.00 $1.00
Daily 09/29/17 10/02/17 $0.00051 $0.00 $0.00 $0.00 $1.00
Daily 10/31/17 11/01/17 $0.0005471 $0.00 $0.00 $0.00 $1.00
2017 Year-to-Date: Dividends Subtotal: $0.00315167 Cap Gains Subtotal: $0.00
Total Distributions: $0.00315167

Fees & Expenses

Fees

Annual Management Fees 0.27%
Other Expenses 0.19%
Service 12b-1 --
As of each fund's most recent prospectus.

Expense Ratio

AFGXX 0.46%
Lipper Institutional U.S. Government Money Market Funds Average 0.28%
Fund as of most recent prospectus. Morningstar Category as of 3/31/17 (updated monthly).
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.

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 and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

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.

American Funds U.S. Government Money Market Fund Class A 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.

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.

Funds are managed, so holdings will change.

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

The investment adviser is currently reimbursing a portion of the fees and expenses for American Funds U.S. Government Money Market Fund. Investment results and net expenses reflect the reimbursement, without which the results would have been lower and net expenses higher. Please see the Financial Highlights table in the fund’s most recent prospectus for details. 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. Excludes certain securities in initial period of acquisition.
  2. Includes short-term securities, accrued income and other assets less liabilities.
  3. Prior to September 30, 2016, securities in the Real Estate sector were reported under the Financials sector.
  4. 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.
  5. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  6. 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.
  7. Expense ratios are as of the most recent prospectus.
  8. Source for Lipper expense ratio comparison: Lipper, based on institutional load funds, excluding funds of funds, for the most recent fiscal year-ends available as of 9/30/2017.

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.

©2017 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

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. The information above classifies gain from the sale or exchange of a capital asset held for more than one year as a long-term capital gain.

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.

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.