American Funds US Government Securities A Fund (AMUSX - MF report) a Zacks Rank #2 (Buy) was created in October 1985 and is managed by Capital Research and Management Company. The objective of AMUSX is to seek high level of current income and preservation of capital. AMUSX invests at least 65% of net assets in direct obligations of the U.S. treasury, GNMA mortgage-backed securities, securities issued by U.S. government agencies or instrumentalities but not backed by the full faith and credit of the U.S. government and short-term debt securities of private issuers. A team of three portfolio counselors manages AMUSX. They are Thomas H. Hogh, John W. Ressner and John H. Smet.

The American Funds US Government Securities A fund, managed by American Funds, carries an expense ratio of 0.65%. Moreover, AMUSX requires a minimal initial investment of $250.

AMUSX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.06% and 5 year 2.86%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

AMUSX’s performance, as of the last filing, when compared to funds in its category was in the top 24% in 1 year, top 24% over the past 3 years, and in the 27% over the past 5 years.