Hole in American Funds Menu = fiduciary breach = ?

[Guest Happy Actuary]

First, I apologize for putting this in (probably) the wrong forum. I'm just concerned that no one would look at the "investment" topic.

Anyway, we have a large ($20MM) plan with American Funds A shares. They'd prefer not to go to R4 shares.

We are wondering how serious of a problem it is to not have a good "safe" option. The CMT (cash mgmt. trust) yields a pitiful .35% - there is no real GIC/safe option that returns what one might expect for that class.

The gvt. bond fund is not a "safe" option that is a member of this asset class. We'd prefer to stay on the current platform (old TRAC/DISC system).

Any suggestions? Is this a fiduciary breach?

thx!!

[Bird]

I don't think it's a problem. MM returns are very low; that's just the way it is.

But - I'm looking at something that shows a yield of 1.76% for that fund as of Jan 31. Where did the .35% come from?