14 important things you should know about American Funds AMUSX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for AMUSX “stock” price, you can quickly find it out by visiting Finny and typing "AMUSX quote". If you’re looking for a quick scoop on AMUSX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMUSX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe American Funds Income Series: US Government Securities Fund; Class A Shares (AMUSX).

The Fund seeks to provide a high level of current income as well as preserve your investment, by investing primarily in securities that are guaranteed by the United States Government. Securities in the Fund will be rated AAA/Aaa.

2. What are AMUSX top holdings?

AMUSX has 0 stock holdings and 474 bond holdings.

The top 9 holdings represent 31.47% of total assets. Here are the top holdings:

Name Symbol % Assets
Federal National Mortgage Association 3.5% N/A 7.91%
Government National Mortgage Association 3.5% N/A 6.45%
Federal National Mortgage Association 3% N/A 5.26%
United States Treasury Notes 0.38% N/A 2.72%
Federal National Mortgage Association 2% N/A 2.33%
United States Treasury Notes 1.5% N/A 1.83%
Federal Home Loan Banks N/A 1.81%
United States Treasury Notes 1.88% N/A 1.69%
United States Treasury Notes 2.12% N/A 1.47%

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

AMUSX has generated the following returns:

  • 1-month return is -0.24%;
  • 3-month return is 6.80%;
  • 1-year return is 11.36%;
  • 3-year return is 4.77%;
  • 5-year return is 3.38%;
  • 10-year return is 3.16%;
  • 15-year return is 3.66%.

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

In the last 10 years, AMUSX had 9 up years and 1 down year.

5. What is AMUSX dividend yield?

AMUSX yield is 1.85%.

6. What is AMUSX minimum initial investment amount?

AMUSX minimum initial investment amount is $1.00K.

7. What is AMUSX expense ratio?

AMUSX expense ratio is 0.67%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

AMUSX 12b-1 distribution fee is 0.27. AMUSX front-end sales load is 3.75. AMUSX back-end sales load is 0.

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

  • 1-year ax cost ratio is 1.08%;
  • 3-year ax cost ratio is 0.8%.

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

  • 3-year beta is 0.76;
  • 5-year beta is 0.78;
  • 10-year beta is 0.86;
  • 15-year beta is 0.88.

11. What is AMUSX Sharpe ratio?

  • 3-year Sharpe ratio is 0.81;
  • 5-year Sharpe ratio is 0.62;
  • 10-year Sharpe ratio is 0.88.

Analysis

12. What is AMUSX Finny Score? AMUSX buy or sell?

AMUSX Finny Score is 70. Our quantitative analysis shows 7 reasons to buy AMUSX and 3 reasons to sell it, resulting in the Finny Score of 70.

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

The following are AMUSX strengths from our perspective:

  • AMUSX 3-year return is 4.77%, which is in line with the 3-year return of the benchmark index (Bloomberg Barclays US Govt/Mortgage TR USD), 5.14%.
  • AMUSX 5-year return is 3.38%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays US Govt/Mortgage TR USD), 3.58%.
  • AMUSX 10-year return is 3.16%, which is in line with the 10-year return of the benchmark index (Bloomberg Barclays US Govt/Mortgage TR USD), 3.43%.
  • AMUSX 3-year Beta is 0.76, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AMUSX 5-year Beta is 0.78, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AMUSX 10-year Beta is 0.86, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.
  • AMUSX 15-year Beta is 0.88, which is inversely correlated with the index (BBgBarc US Agg Bond TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are AMUSX weaknesses from our perspective:

  • AMUSX 15-year return is 3.66%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays US Govt/Mortgage TR USD), 4.18%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.27%, while the maximum front-end sales load is 3.75%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
  • AMUSX expense ratio is 0.67%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AMUSX review, we covered AMUSX 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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