- ISIN
- US0263001036
- CUSIP
- 026300103
- Issuer
- American Funds
- Inception Date
- Oct 16, 1985
- Category
- Government Bonds
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AMUSX Performance Chart
American Funds U.S. Government Securities Fund (AMUSX) is down 0.6% since the beginning of the year. AMUSX is currently trading at $12 per share. Investors who bought $1,000 worth of AMUSX shares 5 years ago would now be looking at an investment worth $986.
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Returns By Period
American Funds U.S. Government Securities Fund (AMUSX) has returned -0.60% so far this year and 3.42% over the past 12 months. Over the last ten years, AMUSX has returned 1.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
American Funds U.S. Government Securities Fund
- 1D
- 0.08%
- 1M
- 0.70%
- YTD
- -0.60%
- 6M
- -0.19%
- 1Y
- 3.42%
- 3Y*
- 3.20%
- 5Y*
- -0.28%
- 10Y*
- 1.11%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AMUSX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 1985, AMUSX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Sep 2022 at -4.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AMUSX closed higher 46% of trading days. The best single day was Oct 22, 1987 with a return of +4.9%, while the worst single day was Oct 21, 1987 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.05% | 1.46% | -1.79% | 0.00% | 0.03% | -0.34% | -0.60% | ||||||
| 2025 | 0.60% | 2.28% | 0.36% | 1.10% | -1.23% | 1.52% | -0.58% | 1.59% | 0.65% | 0.50% | 0.65% | -0.07% | 7.55% |
| 2024 | -0.07% | -1.74% | 0.62% | -2.58% | 1.66% | 1.02% | 2.40% | 1.50% | 1.32% | -2.83% | 0.75% | -1.24% | 0.63% |
| 2023 | 2.35% | -2.45% | 2.90% | 0.28% | -1.47% | -1.30% | -0.28% | -0.51% | -2.38% | -1.45% | 4.22% | 3.13% | 2.79% |
| 2022 | -1.32% | -0.01% | -2.46% | -2.87% | 0.36% | -1.37% | 2.09% | -2.83% | -4.77% | -1.17% | 3.10% | -0.64% | -11.50% |
| 2021 | -0.52% | -1.23% | -1.08% | 0.65% | 0.22% | 0.45% | 1.07% | -0.13% | -0.41% | -0.03% | 0.47% | -0.28% | -0.84% |
Benchmark Metrics
American Funds U.S. Government Securities Fund has an annualized alpha of 3.93%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 31, 1985.
- This fund captured 9.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.67%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.93%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 9.36%
- Downside Capture
- -5.67%
Expense Ratio
AMUSX has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AMUSX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds U.S. Government Securities Fund (AMUSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMUSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.78 | -1.71 |
| Martin ratioReturn relative to average drawdown | 3.12 | 12.44 | -9.32 |
Dividends
Dividend History
American Funds U.S. Government Securities Fund provided a 4.01% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.49 | $0.42 | $0.25 | $0.15 | $0.71 | $0.39 | $0.23 | $0.18 | $0.31 | $0.39 |
Dividend yield | 4.01% | 3.97% | 4.19% | 3.44% | 2.01% | 1.05% | 4.92% | 2.79% | 1.72% | 1.32% | 2.30% | 2.84% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds U.S. Government Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.20 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2023 | $0.02 | $0.01 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2022 | $0.01 | $0.01 | $0.03 | $0.03 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.01 | $0.02 | $0.03 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds U.S. Government Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds U.S. Government Securities Fund was 17.48%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current American Funds U.S. Government Securities Fund drawdown is 3.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -17.48%Oct 2023 | 3y 2mo | — | 5y 10moAug 2020 - now |
Black Monday1987 | -14.60%Oct 1987 | 8mo 28d | 3y 3mo | 4y 17dJan 1987 - Feb 1991 |
1994 pullback1994 | -8.12%May 1994 | 6mo 23d | 12mo 1d | 1y 6moOct 1993 - May 1995 |
1996 pullback1996 | -4.52%Jun 1996 | 3mo 29d | 3mo 24d | 7mo 23dFeb 1996 - Oct 1996 |
2013 pullback2013 | -4.50%Sep 2013 | 11mo 6d | 8mo 25d | 1y 7moOct 2012 - May 2014 |
Drawdown Indicators
| AMUSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -56.78% | +39.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -9.10% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -18.90% | +12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.84% | -25.43% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -17.48% | -33.92% | +16.44% |
Current DrawdownCurrent decline from peak | -3.48% | -1.80% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -10.71% | +7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.03% | -0.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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