Is Afaxx a mutual fund?

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American Funds U.S. Government Money Market Fund – A | American Funds….Fund Facts.

Fund Inception	5/01/2009
Fund Assets (millions) As of 5/31/2022	$25,673.4
Shareholder Accounts Shareholder accounts are as of 5/31/2022	443,124

Does American Funds money market earn interest?

The annualized seven-day SEC yield as of 5/31/22 for American Funds U.S. Government Money Market Fund was 0.35%. This yield reflects certain expenses reimbursed by the investment adviser.

What is a US government money market fund?

Government money market funds are defined as money market funds that invest 99.5% or more of their total assets in very liquid investments, namely, cash, government securities, and/or repurchase agreements that are collateralized fully with government securities.

Do money market funds have a sales charge?

Money market funds appear attractive to investors as they come with no loads—no entry charges or exit charges. Many funds also provide investors with tax-advantaged gains by investing in municipal securities that are tax-exempt at the federal tax level (and in some instances at the state level, too).

Where should I put cash now?

Here are a few of the best short-term investments to consider that still offer you some return.

High-yield savings accounts.
Short-term corporate bond funds.
Money market accounts.
Cash management accounts.
Short-term U.S. government bond funds.
No-penalty certificates of deposit.
Treasurys.
Money market mutual funds.

Are government money market funds safe?

Key Takeaways. Both money market accounts and money market funds are relatively safe. Banks use money from MMAs to invest in stable, short-term, low-risk securities that are very liquid.

Can Vanguard money market lose money?

Vanguard Cash Reserves Federal Money Market Fund and Vanguard Federal Money Market Fund: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.