American Funds U.S. Government Money Market Fund Class A
AFAXX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 South Hope Street Los Angeles CA United States of America 90071
- IPO Date
- May 1, 2009
- CIK
- 0001454975
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds U.S. Government Money Market Fund Class A (AFAXX) is a government money market fund that seeks to provide income on cash reserves while preserving capital, maintaining liquidity, and a stable net asset value of $1.00 per share. The fund, managed by Capital Research and Management Company (CRMC), a subsidiary of Capital Group Companies, Inc., primarily invests at least 99.5% of its total assets in cash, U.S. Treasury securities, government securities guaranteed by U.S. agencies or instrumentalities, and fully collateralized repurchase agreements; at least 80% of assets are normally allocated to U.S. government-issued or guaranteed securities and related repurchase agreements, with current portfolio allocations including U.S. Treasuries (45.3%), government agency securities (36.8%), repurchase agreements (12.7%), and agency notes and bonds (5.2%) as of September 30, 2025. Launched on May 1, 2009, and headquartered in Los Angeles, California, the fund targets conservative investors, including individuals and institutions seeking short-term liquidity; it declares regular monthly dividends, paid daily with a recent 7-day SEC yield of 3.34% (NAV), maintains assets under management of approximately $35.5 billion as of November 30, 2025, and serves over 567,000 shareholder accounts with a minimum initial investment of $1,000. Expense ratios stand at 0.49% net (including 0.26% management fees, 0.13% 12b-1 service fees, and 0.10% other expenses), currently reflecting partial reimbursements by the adviser. In recent developments, the fund has sustained stable operations amid fluctuating net flows and high liquidity levels (e.g., 71.16% daily liquid assets as of December 12, 2025), while its sponsor Capital Group expanded its strategic partnership with KKR in December 2025 to launch integrated retirement and wealth solutions, including public-private investment strategies and insurance asset management collaborations building on their 2024 exclusive alliance; Capital Group also introduced new U.S. equity and high yield bond ETFs in 2025, alongside broader fixed income growth initiatives.