Mutual Fund Commentary

U.S. Treasury Fund: APGXX, APNXX, APKXX Government Securities Money Market Fund: APCXX, APSXX, APHXX, APPXX

AAENX, APENX, AIENX

AAUSX, APUSX, AIUSX

AAWEX, ACWEX, APWEX, AIWEX

AABOX, APBDX, AIBNX

AALIX, APLIX, AILIX

AASTX, AISTX, APSTX

U.S. Treasury Fund: APGXX, APNXX, APKXX Government Securities Money Market Fund: APCXX, APSXX, APHXX, APPXX

AAENX, APENX, AIENX

AAUSX, APUSX, AIUSX