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CGTCX American Funds US Government Sec 529C

  • Fund
  • CGTCX
  • Price as of: Jul 15, 2019
  • $13.86 + $0.01 + 0.07%
  • Category
  • Government Bonds

CGTCX - Profile

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $14.3 B
  • Holdings in Top 10 29.8%

52 WEEK LOW AND HIGH

$13.86
$13.08
$13.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 95.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds U.S. Government Securities Fund®
  • Fund Family Name American Funds
  • Inception Date Feb 19, 2002
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Fergus N. MacDonald

Fund Description

The fund invests at least 80% of its assets in securities that are guaranteed or sponsored by the U.S. government, its agencies and instrumentalities, including bonds and other debt securities denominated in U.S. dollars, which may be represented by other investment instruments, including derivatives. It may also invest in mortgage-backed securities issued by federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government. It invests in debt securities with a wide range of maturities.

CGTCX - Performance

Return Ranking - Trailing

Period CGTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -0.5% 15.2% 43.62%
1 Yr 4.1% -80.0% 10.6% 23.36%
3 Yr -0.7%* -41.5% 2.0% 50.36%
5 Yr -0.1%* -27.5% 3.0% 27.84%
10 Yr -0.1%* -14.9% 6.1% 47.03%

* Annualized


Return Ranking - Calendar

Period CGTCX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -80.0% 0.1% 30.66%
2017 0.3% -2.9% 10.1% 14.23%
2016 -1.7% -9.3% 2.5% 79.93%
2015 -1.3% -46.1% 0.2% 45.62%
2014 3.7% -88.9% 41.3% 19.03%

Total Return Ranking - Trailing

Period CGTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -0.5% 15.2% 44.68%
1 Yr 4.1% -80.0% 10.6% 29.56%
3 Yr -0.3%* -41.5% 3.9% 39.42%
5 Yr 0.5%* -27.5% 3.6% 30.40%
10 Yr 1.1%* -14.9% 9.0% 26.48%

* Annualized


Total Return Ranking - Calendar

Period CGTCX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -80.0% 3.0% 44.89%
2017 0.3% -2.2% 10.1% 31.75%
2016 -0.5% -9.3% 5.1% 49.64%
2015 0.2% -46.1% 3.9% 10.95%
2014 3.7% -88.9% 41.3% 35.45%

NAV & Total Return History

CGTCX - Holdings

Concentration Analysis

CGTCX Category Low Category High CGTCX % Rank
Net Assets 14.3 B 1.23 M 21.8 B 1.41%
Number of Holdings 391 7 15908 37.59%
Net Assets in Top 10 4.02 B -147 M 4.93 B 2.84%
Weighting of Top 10 29.76% 8.3% 263.1% 64.18%

Top 10 Holdings

  1. United States Treasury Notes 2.12% 6.26%

  2. United States Treasury Notes 2% 3.25%

  3. United States Treasury Notes 2.38% 3.02%

  4. United States Treasury Notes 1.88% 2.83%

  5. United States Treasury Notes 1.75% 2.71%

  6. United States Treasury Notes 2.5% 2.57%

  7. United States Treasury Notes 2.88% 2.56%

  8. United States Treasury Notes 2.12% 2.32%

  9. United States Treasury Notes 2.62% 2.16%

  10. United States Treasury Notes 0.62% 2.09%


Asset Allocation

Weighting Return Low Return High CGTCX % Rank
Bonds
94.26% 0.00% 156.45% 62.06%
Cash
5.74% -56.49% 73.87% 34.75%
Stocks
0.00% -0.11% 96.85% 31.21%
Preferred Stocks
0.00% 0.00% 3.11% 33.33%
Other
0.00% -45.97% 6.09% 38.30%
Convertible Bonds
0.00% 0.00% 1.42% 36.52%

Bond Sector Breakdown

Weighting Return Low Return High CGTCX % Rank
Government
71.56% -56.62% 100.00% 23.76%
Securitized
21.62% 0.00% 159.58% 72.34%
Cash & Equivalents
5.71% -56.49% 73.87% 36.52%
Corporate
0.24% 0.00% 67.74% 29.08%
Derivative
0.00% -9.75% 6.08% 32.98%
Municipal
0.00% 0.00% 63.01% 43.62%

Bond Geographic Breakdown

Weighting Return Low Return High CGTCX % Rank
US
93.71% 0.00% 155.83% 57.80%
Non US
0.55% -2.84% 23.63% 32.62%

CGTCX - Expenses

Operational Fees

CGTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.04% 3.79% 16.07%
Management Fee 0.21% 0.00% 0.80% 14.49%
12b-1 Fee 0.97% 0.00% 1.00% 83.23%
Administrative Fee 0.05% 0.00% 0.45% 10.13%

Sales Fees

CGTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 4.75% N/A
Deferred Load 1.00% 0.50% 5.50% 38.30%

Trading Fees

CGTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CGTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.00% 0.00% 1450.00% 47.31%

CGTCX - Distributions

Dividend Yield Analysis

CGTCX Category Low Category High CGTCX % Rank
Dividend Yield 0.01% 0.00% 2.50% 94.70%

Dividend Distribution Analysis

CGTCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

CGTCX Category Low Category High CGTCX % Rank
Net Income Ratio 0.76% 0.06% 4.99% 96.79%

Capital Gain Distribution Analysis

CGTCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

CGTCX - Managers

Fergus N. MacDonald

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2009

9.67

9.7%

Investment professional since 1992; more than 11 years with Capital Research and Management Company or affiliate. Vice President – Fixed Income, Capital Research Company.


David J. Betanzos

Manager

Start Date

Tenure

Tenure Rank

Jan 26, 2015

4.43

4.4%

David J. Betanzos, Senior Vice President for Capital Fixed Income Investors. Mr. Betanzos has been wirth Capital Research and Management Company or affiliate since 2002.


Ritchie Tuazon

Manager

Start Date

Tenure

Tenure Rank

Jan 26, 2015

4.43

4.4%

Ritchie Tuazon is a fixed-income portfolio manager at Capital Group with research responsibility for U.S. Treasuries and TIPS. He has 12 years of investment experience and has been with Capital Group for two years. Prior to joining Capital, Ritchie was an interest-rate trader at Goldman Sachs & Co. and an investment banking analyst at J.P. Morgan. He holds a master’s degree in business administration from MIT Sloan School of Management, a master’s degree in public administration from The Harvard Kennedy School and a bachelor’s degree from the University of California, Berkeley. Ritchie is based in Los Angeles.


Tenure Analysis

Category Low

11.76

Category High

16.51

Category Average

13.41

Category Mode

12.92