My Accounts
ACCOUNT INFORMATION

View Portfolio

Portfolio Value History

Statements & Tax Forms

Account Forms

See My Accounts 

Select your location

  • Japan
  • International - other
  • Asia - other

Who are you ?

Adviser

Institutions & Consultants

Individual Investors

Select another location

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Individual Investors

Financial Advisors

Institutions and Consultants

Select another location

Qui êtes vous ?

Particuliers

Conseillers financiers

Institutions et consultants

Sélectionnez un autre emplacement

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

機構投資者及顧問

金融中介

個人投資者

中國香港特別行政區

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

tu chi sei ?

Clienti Istituzionali

Intermediari e Consulenti Finanziari

Investitori privati

Seleziona un'altra posizione

Who are you ?

Financial Intermediaries

Individual Investors

Select another location

Wer bist du ?

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Institutions & Consultants

Financial Intermediaries

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Quién eres tú ?

Instituciones y consultores

Intermediarios financieros

Inversores individuales

Seleccione otra ubicación

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Wer bist du ?

Institutionelle Investoren & Consultants

Finanzintermediäre

Privatanleger

Wählen Sie einen anderen Ort

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Qui êtes vous ?

Institutions et consultants

Intermédiaires financiers

Investisseurs particuliers

Sélectionnez un autre emplacement

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

Institutions & Consultants

Financial Intermediaries

Individual Investors

Select another location

Who are you ?

FINANCIAL INTERMEDIARIES

Financial Professional

RIA

INVESTORS

Individual Investor

Private Client

Retirement Plan Investor

INSTITUTIONS

Institution or Consultant

RETIREMENT PLANS

Employer or Plan Sponsor

Third-Party Administrator

Select another location

Who are you ?

RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Back to select a different role

Who are you ?

U.S. Offshore Advisors

Select another location

Who are you ?

Offshore de EE. UU.

Select another location

Investment Fund

®

Share Class
Purchase Restrictions: Class R-1 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A quality foundation. Invests primarily in securities guaranteed or sponsored by the U.S. government and manages allocations between government and mortgage securities. Seeks to outpace the Treasury and mortgage-backed securities markets while maintaining low correlation to equities and minimal credit risk.
Price at NAV $11.84 as of 12/08/2023 (updated daily)
Fund Assets (millions) $18,371.3
Portfolio Managers
3
Expense Ratio
(Gross/Net %)
1.33 / 1.33%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds95.3%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.7%
As of 10/31/2023 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Fund Statistics

6.6 years
Effective Duration
5.9%
Average Yield
to Worst
4.2%
Average Coupon
% of net assets as of 10/31/2023 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 9/30/23 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide a high level of current income consistent with prudent investment risk and preservation of capital.
Distinguishing Characteristics
Invests primarily in securities guaranteed or sponsored by the U.S. government and mortgage-backed securities.
Types of Investments
Primarily invests in direct obligations of the U.S. Treasury and securities issued by U.S. government agencies, and cash and equivalents.
Maturity
Not required to maintain any particular maturity.
Portfolio Restrictions
At least 80% of the fund's assets will be invested in securities that are guaranteed or sponsored by the U.S. government.

Fund Facts

Fund Inception 10/17/1985
Fund Assets (millions)
As of 10/31/2023
 $18,371.3
Companies/Issuers
Holdings are as of 10/31/2023 (updated monthly).
 42+
Shareholder Accounts
Shareholder accounts are as of 10/31/2023
 178
Regular Dividends Paid
Monthly
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2023) 795%
Fiscal Year-End Aug
Prospectus Date 11/01/2023
CUSIP 026300 87 1
Fund Number 2122

Returns

Internal Prompt

Month-End Returns as of 11/30/23

Returns at NAV
| With Sales Charge
Read important investment disclosures
RGVAX
Bloomberg U.S. Government/Mortgage-Backed Securities Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/23

Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class R-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
RGVAX
Bloomberg U.S. Government/Mortgage-Backed Securities Index
Other AF Funds
Standard Deviation as of 11/30/2023 (updated monthly) . Annualized return as of 11/30/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.72% 4.13%
Fund at MOP N/A N/A
As of 10/31/2023 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 9 22 23
Fergus N. MacDonald 14 20 31
Ritchie Tuazon 9 13 23
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(220)
3-yr. Morningstar RatingTM
(220 funds rated)
5-yr. Morningstar RatingTM
(209 funds rated)
10-yr. Morningstar RatingTM
(169 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category
Intermediate Government
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
4.40
Sharpe Ratio
-0.22
For the 10 Years ending 11/30/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Government/Mortgage-Backed Securities Index
Bloomberg US Agg Bond TR USD
R-squared
94 84
Beta
1.00 0.88
Capture Ratio (Downside/Upside)
106/91 90/74
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 11/30/23 (updated monthly).
U.S. Treasuries/Agencies
30.6%
AAA/Aaa
64.3%
AA/Aa
0.3%
Unrated
0.0%
Cash & equivalents
4.0%
% of net assets as of 10/31/2023 (updated monthly)

Average Life Breakdown

0-4.9 Years
21.9%
5-9.9 Years
59.2%
10-19.9 Years
10.1%
20-29.9 Years
5.2%
30+ Years
--
% of net assets as of 9/30/2023 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
 Mortgage-backed obligations 61.3%
U.S. Treasury bonds & notes 31.8%
Federal agency bonds & notes 3.3%

% of net assets as of 9/30/2023 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
31.8%
UMBS
23.1%
Federal Home Loan Mortgage
19.2%
Fannie Mae
16.1%
Ginnie Mae II
3.2%

% of net assets as of 9/30/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2023

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 12/08/23

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/23 02/01/23 $0.0108722 $0.00 $0.00 $0.00 $12.46
Daily 02/28/23 03/01/23 $0.0077782 $0.00 $0.00 $0.00 $12.14
Daily 03/31/23 04/03/23 $0.0366001 $0.00 $0.00 $0.00 $12.45
Daily 04/28/23 05/01/23 $0.0281431 $0.00 $0.00 $0.00 $12.44
Daily 05/31/23 06/01/23 $0.0283332 $0.00 $0.00 $0.00 $12.23
Daily 06/30/23 07/03/23 $0.0330318 $0.00 $0.00 $0.00 $12.03
Daily 07/31/23 08/01/23 $0.0290221 $0.00 $0.00 $0.00 $11.96
Daily 08/31/23 09/01/23 $0.0310286 $0.00 $0.00 $0.00 $11.86
Daily 09/29/23 10/02/23 $0.0299656 $0.00 $0.00 $0.00 $11.54
Daily 10/31/23 11/01/23 $0.0344375 $0.00 $0.00 $0.00 $11.33
Daily 11/30/23 12/01/23 $0.0346458 $0.00 $0.00 $0.00 $11.77
2023 Year-to-Date: Dividends Subtotal: $0.30385822 Cap Gains Subtotal: $0.00
Total Distributions: $0.30385822

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.22%
Other Expenses 0.11%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RGVAX 1.33%
Lipper General U.S. Government Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RGVAX