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15 important things you should know about AFFXX mutual fund

Updated: September 18, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for AFFXX “stock” price, you can quickly find it out by visiting Finny and typing "AFFXX quote". If you’re looking for a quick scoop on AFFXX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AFFXX". You’ll get all this info in one place.

Are you looking to buy or sell AFFXX? Or perhaps you’re looking for AFFXX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AFFXX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AFFXX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AFFXX buy or sell; the pros and cons of investing in AFFXX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AFFXX.

And here is the list of questions we’ll answer:

  1. Describe American Funds US Government Money Market Fund; Class F-1 Shares (AFFXX).
  2. What are AFFXX holdings?
  3. What is AFFXX performance? What are AFFXX historical returns?
  4. How many up and down years did AFFXX have historically?
  5. What is AFFXX dividend yield?
  6. What is AFFXX minimum initial investment amount?
  7. What is AFFXX expense ratio?
  8. Does AFFXX have any sales loads or 12b-1 distribution expenses?
  9. What is AFFXX tax efficiency (tax-cost ratio)?
  10. What is AFFXX beta? How would you assess AFFXX risk?
  11. What is AFFXX Sharpe ratio?
  12. What is AFFXX Finny Score? AFFXX buy or sell?
  13. What are the pros of investing in AFFXX? What are AFFXX buy reasons?
  14. What are the cons of investing in AFFXX? What are AFFXX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Funds US Government Money Market Fund; Class F-1 Shares (AFFXX).

The Fund seeks to earn income on cash reserves while preserving capital and maintaining liquidity. The Fund invests substantially in U.S. Treasury securities, which are guaranteed by the U.S. government, federal agency discount notes and high-quality money market instruments.

2. What are AFFXX top holdings?

AFFXX has 0 stock holdings and 19 bond holdings.

The top 10 holdings represent 25.26% of total assets. Here are the top holdings:

Name Symbol % Assets
Federal Home Loan Banks 0.32% N/A 3.36%
United States Treasury Bills 0.44% N/A 2.83%
United States Treasury Bills 0.4% N/A 2.79%
United States Treasury Bills 1.8% N/A 2.51%
United States Treasury Notes 2.21% N/A 2.38%
United States Treasury Bills 0.23% N/A 2.36%
Federal Home Loan Banks 0.37% N/A 2.31%
Royal Bank Of Canada 2.48% 07-01-19 Tsy Repo Tp N/A 2.24%
Jp Morgan Securities Llc 2.53% 07-01-19 Tsy Repo Tp N/A 2.24%
Federal Home Loan Banks 1.14% N/A 2.24%

3. What is AFFXX performance? What are AFFXX historical returns?

AFFXX has generated the following returns:

  • 1-year return is 0.56%;
  • 3-year return is 0.99%;
  • 5-year return is 0.61%;
  • 10-year return is 0.31%.

4. How many up and down years did AFFXX have historically?

In the last 10 years, AFFXX had 10 up years and 0 down years. See Performances

5. What is AFFXX dividend yield?

AFFXX yield is 1.5%.

6. What is AFFXX minimum initial investment amount?

AFFXX minimum initial investment amount is N/A.

7. What is AFFXX expense ratio?

AFFXX expense ratio is 0.68%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does AFFXX have any sales loads or 12b-1 distribution expenses?

AFFXX 12b-1 distribution fee is 0.25. AFFXX front-end sales load is 0. AFFXX back-end sales load is 0.

9. What is AFFXX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.24%;
  • 3-year ax cost ratio is 0.4%.

See Taxes

10. What is AFFXX beta? How would you assess AFFXX risk?

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in AFFXX? What are AFFXX buy reasons?

We don't see any strong reasons to buy AFFXX.

14. What are the cons of investing in AFFXX? What are AFFXX negatives?

The following are AFFXX weaknesses from our perspective:

  • <strong>AFFXX net assets</strong> are $180.00 million. This fund is not a popular choice with retail investors.
  • <strong>AFFXX 3-year return</strong> is 0.99%, which is lower than the 3-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.64%.
  • <strong>AFFXX 5-year return</strong> is 0.61%, which is lower than the 5-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.17%.
  • <strong>AFFXX 10-year return</strong> is 0.31%, which is lower than the 10-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.61%.
  • <strong>AFFXX expense ratio</strong> is 0.68%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the AFFXX review, we covered AFFXX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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