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Morningstar

American Funds US Government Sec 529A CGTAX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 11.97  /  0.44 %
  • Total Assets 18.3 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.45%
  • Effective Duration 6.73 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:11 PM GMT+0

Morningstar’s Analysis CGTAX

Will CGTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CGTAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CGTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CGTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A capable team and conservative approach work well here.

Director Alec Lucas

Alec Lucas

Director

Summary

With a veteran and stable management team and a conservative, risk-conscious approach, American Funds U.S. Government Securities is a topnotch offering within the intermediate government Morningstar Category, for the right price.

by Alec Lucas
Rated on Published on

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Portfolio Holdings CGTAX

More CGTAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 714
  • Other Holdings 13
  • % Assets in Top 10 Holdings 26.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

23.40
4,361,158,306
Cash and Equivalents

Federal National Mortgage Association 6.5%

9.85
1,835,854,716
Securitized

United States Treasury Notes 4.625%

2.58
481,614,385
Government

Federal National Mortgage Association 4.5%

2.53
472,348,299
Securitized

United States Treasury Bills 0%

2.14
398,176,200
Government

Federal National Mortgage Association 6%

2.05
381,463,059
Securitized

Federal Home Loan Mortgage Corporation 5.5%

1.97
367,159,454
Securitized

Federal Home Loan Mortgage Corporation 6%

1.82
338,971,770
Securitized

Federal Home Loan Mortgage Corporation 6%

1.67
310,685,195
Securitized

Federal National Mortgage Association 4%

1.62
301,568,309
Securitized