Morningstar

American Funds U.S. Government Securities Fund® Class F-1 UGSFX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 11.81  /  +0.08 %
  • Total Assets 24.3B
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.690%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.96%
  • Effective Duration 6.33 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis UGSFX

Will UGSFX outperform in the 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 UGSFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

American Funds U.S. Government Securities Ratings Unchanged Ahead of Manager Retirement

null River Meng

River Meng

Analyst Note

Capital Group announced that comanager David Betanzos will retire from American Funds U.S. Government Securities and the firm effective Dec. 1, 2026. This news does not affect the strategy’s High People and Above Average Process Pillar ratings or its Morningstar Medalist Ratings across share classes.

by River Meng
Published on

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Portfolio Holdings UGSFX

More UGSFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

8.03 2B
Cash and Equivalents

United States Treasury Notes 4.25%

2.50 606M
Government

United States Treasury Notes 4.375%

2.45 595M
Cash and Equivalents

Federal National Mortgage Association 6%

2.20 535M
Securitized

United States Treasury Bonds 4.625%

2.09 507M
Government

United States Treasury Bonds 4.75%

2.06 501M
Government

United States Treasury Bills 0%

2.05 499M
Government

Federal National Mortgage Association 6.5%

2.03 493M
Securitized

United States Treasury Notes 3.5%

2.00 485M
Government

United States Treasury Notes 3.75%

1.72 417M
Government

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