Expense Ratio History

AFAXX expense ratio history

American Funds U.S. Government Money Market Fund, Class A

Fund company
American Funds
Type
Mutual fund

0.49%

In basis points
49 basis points
Yearly cost per $10,000
$49
Prospectus dated
1 December 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.51% on 1 December 2025

Fee over time

AFAXX expense ratio: 0.39% until 1 Dec 2014, then 0.38%; 0.38% until 1 Dec 2019, then 0.39%; 0.39% until 1 Dec 2020, then 0.38%; 0.38% until 1 Dec 2021, then 0.37%; 0.37% until 1 Dec 2022, then 0.52%; 0.52% until 1 Dec 2023, then 0.53%; 0.53% until 1 Dec 2024, then 0.51%; 0.51% until 1 Dec 2025, then 0.49%; read at 0.49% on 1 Dec 2025.0.00%0.20%0.40%0.60%0.80%Nov 2011Apr 2014Sep 2016Feb 2019Jul 2021Dec 20230.39% before0.49% from 1 Dec 2025
AFAXX expense ratio: 0.39% until 1 Dec 2014, then 0.38%; 0.38% until 1 Dec 2019, then 0.39%; 0.39% until 1 Dec 2020, then 0.38%; 0.38% until 1 Dec 2021, then 0.37%; 0.37% until 1 Dec 2022, then 0.52%; 0.52% until 1 Dec 2023, then 0.53%; 0.53% until 1 Dec 2024, then 0.51%; 0.51% until 1 Dec 2025, then 0.49%; read at 0.49% on 1 Dec 2025.0.00%0.20%0.40%0.60%0.80%Nov 2011Aug 2016May 20210.39% before0.49% from 1 Dec 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 26 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
AFAXX (this page) Class A 0.49% — 1 Dec 2025
FARXX Class 529-F-1 0.72% — 1 Dec 2025
RAAXX Class R-1 0.36% — 1 Dec 2025
RABXX Class R-2 1.39% — 1 Dec 2025
RACXX Class R-3 0.95% — 1 Dec 2025
RADXX Class R-4 0.65% — 1 Dec 2025
RAEXX Class R-5 0.35% — 1 Dec 2025
RAFXX Class R-6 0.30% — 1 Dec 2025
— — 1.13% — 1 Jan 2017
AFCXX Class C 0.61% — 1 Dec 2025
AFFXX Class F-1 0.65% — 1 Dec 2025
AFGXX Class F-2 0.38% — 1 Dec 2025
AAFXX Class 529-A 0.54% — 1 Dec 2025
— — 1.27% — 1 Jan 2017
CCFXX Class 529-C 0.66% — 1 Dec 2025
EAFXX Class 529-E 0.65% — 1 Dec 2025
RBEXX Class R-2E 1.10% — 1 Dec 2025
RAGXX Class R-5E 0.45% — 1 Dec 2025
USGXX Class F-3 0.30% — 1 Dec 2025
TSIXX Class 529-T 0.41% — 1 Dec 2025
TTMXX Class T 0.36% — 1 Dec 2025
AAZXX Class ABLE-A 0.51% 0.46% 1 Dec 2025
FFFXX Class 529-F-2 0.41% — 1 Dec 2025
FMUXX Class 529-F-3 0.35% — 1 Dec 2025
ABZXX Class ABLE-F-2 0.40% 0.35% 1 Dec 2025
— — 0.42% 0.36% 30 Oct 2020

Every figure we've recorded

DateFeeWhat happened
1 Dec 2025 0.49% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2025 0.49% Cut from 0.51% to 0.49%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-11-28
1 Dec 2024 0.51% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2024 0.51% Cut from 0.53% to 0.51%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-11-29
1 Dec 2023 0.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2023 0.53% Raised from 0.52% to 0.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-11-30
1 Dec 2022 0.52% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2022 0.52% Raised from 0.37% to 0.52%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-11-30
1 Dec 2021 0.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2021 0.37% Cut from 0.38% to 0.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-11-30
1 Dec 2020 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2020 0.38% Cut from 0.39% to 0.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-11-30
30 Oct 2020 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-10-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2019 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2019 0.39% Raised from 0.38% to 0.39%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-12-20
1 Dec 2018 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2018 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2017 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
7 Apr 2017 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-04-07 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jan 2017 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-01-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2016 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Apr 2016 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-04-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Dec 2015 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2015 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2014 0.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2014 0.38% Cut from 0.39% to 0.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-12-22
29 Aug 2014 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2013 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2012 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2011 0.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.49% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$617 in fees over 10 years

After fees, $10,000 grows to $15,526.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$50
3 years$158
5 years$275
10 years$617

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 22 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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