AAFXX Fees and Costs — American Funds U.S. Government Money Market Fund, Class 529-A
Data updated: 2025-12-15
The net expense ratio is 0.54%: a 0.26% management fee, a 0.13% 12b-1 fee plus 0.15% other expenses. There are no sales loads or redemption fees.
AAFXX Fees and Expenses
Annual operating expenses and sales charges of AAFXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.13% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AAFXX Costs Over Time
On $10,000 invested in AAFXX, assuming 5% a year before costs, total costs come to $341 over 5 years, cutting the return by 0.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.54%) | $57 | $178 | $310 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $341 |
| Value after costs | $10,443 | $11,390 | $12,422 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
AAFXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.22T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
AAFXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Societe Generale | $182.3B | 16.61% |
| RBC Capital Markets LLC | $177.8B | 16.20% |
| J.P. Morgan Securities LLC | $139.3B | 12.70% |
| BNP Paribas | $132.2B | 12.05% |
| Bank of America, N.A. | $131.1B | 11.95% |
| CIBC Mellon Global Securities Services Company | $103.0B | 9.38% |
| Mizuho Bank, Ltd. | $67.3B | 6.13% |
| BMO Capital Markets Corp. | $60.0B | 5.47% |
| Wells Fargo Securities, LLC | $58.0B | 5.28% |
| FEDERAL RESERVE BANK OF NEW YORK | $46.5B | 4.24% |
American Funds U.S. Government Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RAFXX | Class R-6 | 0.30% | none |
| USGXX | Class F-3 | 0.30% | none |
| ABZXX | Class ABLE-F-2 | 0.35% | none |
| FMUXX | Class 529-F-3 | 0.35% | none |
| RAEXX | Class R-5 | 0.35% | none |
| RAAXX | Class R-1 | 0.36% | none |
| TTMXX | Class T | 0.36% | none |
| AFGXX | Class F-2 | 0.38% | none |
| FFFXX | Class 529-F-2 | 0.41% | none |
| TSIXX | Class 529-T | 0.41% | none |
| RAGXX | Class R-5E | 0.45% | none |
| AAZXX | Class ABLE-A | 0.46% | none |
| AFAXX | Class A | 0.49% | none |
| AAFXX | Class 529-A | 0.54% | none |
| AFCXX | Class C | 0.61% | none |
| AFFXX | Class F-1 | 0.65% | none |
| EAFXX | Class 529-E | 0.65% | none |
| RADXX | Class R-4 | 0.65% | none |
| CCFXX | Class 529-C | 0.66% | none |
| FARXX | Class 529-F-1 | 0.72% | none |
| RACXX | Class R-3 | 0.95% | none |
| RBEXX | Class R-2E | 1.10% | none |
| RABXX | Class R-2 | 1.39% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.