Fixed Income / Money Market

American Funds® U.S. Government Money Market Fund

Read important investment disclosures
  • Fund Assets ($M)
    $34,810.8
    As of 10/31/26
  • Inception date
    5/1/09
     
  • 7-day SEC yield (gross/net, %)
    3.67/3.67
    As of 10/31/26
  • Benchmark
    USTREAS T-Bill Auction Ave 3 Mon

Overview

Key information

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.

Key facts

Fund inception
5/1/09
Fund assets (millions)
$34,810.8
As of 10/31/26 (updated monthly)
Total number of securities
19
As of 10/31/26 (updated monthly)
mthDividendsPaid
Regular dividends paid 3
Monthly
Capital gains paid 3
Dec.
Fiscal year-end
September
Prospectus date
12/1/25
CUSIP
02630U 81 8
Fund number
2659

Returns

Investment results1, 2

Total returns for periods ended 10/31/26 (%)
  • ●RAFXX at NAV
  • ●Index
Returns table
Daily YTD1M3MYTD1Y3Y5Y10Y15Y20YLifetime
Index data refers to the USTREAS T-Bill Auction Ave 3 Mon.
Daily YTD as of 11/13/26.Returns greater than one year are annualized.
Fund inception: 5/1/09. Index lifetime is based on inception date of the fund.

Prices & distributions

As of 11/13/26
  • Price at nav ($)
    $1.00
  • Price change ($)
    $0.00
  • Price change (%)
    0.00
Prices distributions table
YTD dividends subtotal$0.03
YTD cap gains subtotal$0.00
YTD total distributions$0.03
Find Historical Prices
Find Historical Distributions

Yield

Yield
7-day SEC yield (gross/net %)
As of 11/13/26 (updated daily)
3.71 / 3.71
7-day SEC yield (gross/net %)
As of 10/31/26 (updated monthly)
3.67 / 3.67

Portfolio composition

assetMix

Asset class exposure

As of 10/31/26 (updated monthly, %)
Asset Mix
U.S. Equities
0.0
Non-U.S. Equities
0.0
U.S. Fixed Income
3.9
Non-U.S. Fixed Income
0.0
Cash and Equivalents4
96.1
Others and Convertibles5
0.0
U.S. Equities
—
Non-U.S. Equities
—
U.S Fixed Income
3.9
Non-U.S. Fixed Income
—
Cash and Equivalents
96.1
assetMixOthConv
Others and Convertibles5
—
VIEW LATEST HOLDINGS
VIEW LAST SIX MONTHS OF HOLDINGS

Key statistics

As of 10/31/26 (updated monthly)
Key statistics
RAFXX
BSNY_YTWSEC
Yield to maturity (%)tooltip: A bond's total return if held to maturity and no default occurs or options are exercised. Assumes coupons are paid on time and accounts for their present value. Assumes principal is returned at maturity.
3.8
BSNY_YTWSEC
Yield to worst (%)tooltip: Lower of Yield to Maturity or the bond's total return if put or call options are exercised prior to maturity but no default occurs.
3.8
Effective duration (years)tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.
0.1
Spread duration (years)tooltip: A measure of fixed income securities' sensitivity to spread movement.
0.1
Option adjusted spread (bps)tooltip: Option-adjusted spread is a yield-spread calculation used to value securities with embedded options.
-13
Duration times spread (bps)tooltip: A measure of fixed income securities' spread exposure, taking into account both spread duration and credit spread exposure.
-1
BSNY_YTWSEC
Average coupon (%)tooltip: The average coupon is the weighted average coupon rate of all the bond holdings.
1.0
Weighted average maturity (days)
36
Weighted average lifetime (days)
54

Portfolio exposures

As of 10/31/26 (updated monthly, %)
Money market sector breakdown
Market value (%)
SectorsRAFXX
U.S. Treasury notes and bills55.3
U.S. agency notes and discount notes34.1
Repurchase agreements11.8
Other6-1.2
Data represents the fixed income portion of the portfolio.

Fees & expenses

Fees

As of the most recent prospectus (%)
Annual management fees
0.26
Other expenses
0.04
12b-1
n/a

Expense ratio

Values shown as percentages (%)
RAFXX (gross/net)7
0.30/0.30

Resources

Literature

Dates as of posting

Timely thought leadership to guide your investment perspectives

EXPLORE INSIGHTS

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EXPLORE RESOURCES
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. Investing for short periods makes losses more likely. View mutual fund expense ratios and returns. View current mutual fund SEC yields.
Returns will vary, so investors may lose money. (American Funds U.S. Government Money Market Fund)
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 account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
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.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and/or 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.
Capital Group offers some funds in a range of share classes designed to meet the needs of retirement plan sponsors and participants. The different share classes incorporate varying levels of financial professional compensation and service provider payments. Because Class R-6 shares do not include any recordkeeping payments, expenses are lower and results are higher. Other share classes that include recordkeeping costs have higher expenses and lower results than Class R-6.
American Funds U.S. Government Money Market Fund may suspend 12b-1 payments under agreements between its principal underwriter and intermediaries and other entities that sell fund shares. To the extent such payments have been suspended for a certain share class, should payments subsequently commence, the fund's investment results would be lower and expenses would be higher for that share class. Please refer to the prospectus for additional information.
Visit the SEC website for the American Funds U.S. Government Money Market Fund's most recent filings.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Portfolios are managed, so holdings will change. Certain fixed income and/or cash and equivalents holdings may be held through mutual funds managed by the investment adviser or its affiliates that are not offered to the public.
Totals may not reconcile due to rounding and/or cash flows.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. For mutual funds, 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.
YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
2.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
3.
The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
4.
Includes cash, short-term securities, other assets less liabilities, and certain accruals. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
5.
May include forwards, options on forwards, warrants, and convertible securities.
6.
Sector breakdown “Other” includes cash, other assets less liabilities and may include accrued income.
7.
Expense ratios are as of each fund's prospectus/characteristics statement, as applicable, available at the time of publication.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
Capital Client Group, Inc.
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