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Morningstar

American Funds US Government Sec R2 RGVBX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 11.58  /  0.59 %
  • Total Assets 18.8 Bil
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.320%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Small
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.08%
  • Effective Duration 6.58 years

USD | NAV as of Sep 21, 2023 | 1-Day Return as of Sep 21, 2023, 10:29 PM GMT+0

Morningstar’s Analysis RGVBX

Will RGVBX 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 RGVBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RGVBX 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 RGVBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compelling option for straightforward government exposure.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

American Funds U.S. Government Securities benefits from a solid team focused on providing straightforward government exposure while nimbly positioning around rates and mortgages. It earns a Morningstar Analyst Rating of Silver on its cheapest share classes, while its pricier shares range from Bronze to Neutral.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RGVBX

More RGVBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 684
  • Other Holdings 19
  • % Assets in Top 10 Holdings 28.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

8.43
1,601,687,238
Cash and Equivalents

United States Treasury Notes 3.875%

5.59
1,061,416,264
Government

United States Treasury Notes 0.48%

3.30
627,976,990
Government

United States Treasury Notes 4.25%

3.02
573,851,968
Government

Federal National Mortgage Association 5%

2.90
551,100,740
Securitized

Federal National Mortgage Association 6%

2.90
550,995,655
Securitized

United States Treasury Notes 4.625%

2.54
482,279,281
Government

United States Treasury Notes 3.5%

2.42
460,353,727
Government

Federal Home Loan Mortgage Corporation 5.5%

2.23
423,398,718
Securitized

Federal National Mortgage Association 4.5%

2.14
405,751,775
Securitized