Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Quality, income and diversification. With a focus on high-quality mortgage-backed securities that are either guaranteed or sponsored by the U.S. government, this fund may provide a higher level of income than U.S. Treasuries as well as diversification during equity market downturns.
Price at NAV $8.72 as of 6/21/2024 (updated daily)
Fund Assets (millions) $10,409.1
Portfolio Managers
3
Expense Ratio
(Gross/Net %)
0.44 / 0.42%

Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds95.8%
Non-U.S. Bonds0.0%
Cash & Equivalents
4.2%
As of 5/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
FFMFX
Bloomberg U.S. Mortgage Backed Securities Index
Other AF Funds
Standard Deviation as of 05/31/2024 (updated monthly) . Annualized return as of 05/31/2024 (updated monthly) .
VIEW LARGER CHART

Fund Statistics

6.1 years
Effective Duration
5.5%
Average Yield
to Worst
4.8%
Average Coupon
% of net assets as of 5/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/24 (updated quarterly)

Description

Objective
The fund's investment objective is to provide current income and preservation of capital.
Distinguishing Characteristics
With a focus on high-quality mortgage-backed securities that are either guaranteed or sponsored by the U.S. government, this fund may provide a higher level of income than U.S. Treasuries as well as diversification during equity market downturns. This fund seeks to add value by actively managing sector allocation, security selection, duration and yield curve.
Types of Investments
Primarily mortgage-related securities guaranteed by the U.S. government, mortgage-related securities issued by government-sponsored entities but not backed by the full faith and credit of the U.S. government, and non-government mortgage-related securities rated AAA/Aaa or unrated but determined to be of equivalent quality by the fund’s investment adviser. Up to 5% of assets may be invested in securities (excluding securities that are sponsored or guaranteed by the U.S. government, its agencies and instrumentalities) rated AA/Aa or A, or unrated but of equivalent quality.
Holdings Outside the U.S.
Up to 10% of assets may be invested in high-quality, U.S. dollar-denominated mortgage-related securities from issuers outside the U.S.
Maturity
Not required to maintain any particular maturity.
Portfolio Restrictions
Normally, at least 80% of the fund’s assets will be invested in mortgage-related securities.

Fund Facts

Fund Inception 11/01/2010
Fund Assets (millions)
As of 5/31/2024
$10,409.1
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
58+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
649
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 1185%
Fiscal Year-End Aug
Prospectus Date 11/01/2023
CUSIP 02630V 741
Fund Number 1642

Returns

Internal Prompt

Month-End Returns as of 5/31/24

Quarter-End Returns as of 3/31/24

Growth of 10K

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.63% 4.75%
Fund at MOP N/A N/A
As of 5/31/2024 (updated monthly)
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 10 22 26
Oliver V. Edmonds 4 20 21
Fergus N. MacDonald 13 20 31
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(221)
3-yr. Morningstar RatingTM
(221 funds rated)
5-yr. Morningstar RatingTM
(211 funds rated)
10-yr. Morningstar RatingTM
(171 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Intermediate Government
Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(59)

(59)
Expense Within Category
Funds Rated

(301)

(301)
Preservation Within Category
Funds Rated

(6133)

(6133)
Tax Efficiency Within Category
Funds Rated

(59)

(59)
Total Return Within Category
Funds Rated

(59)

(59)
Category Intmdt US Govt Funds
KEY
HIGHEST LOWEST
As of 5/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
4.42
Sharpe Ratio
-0.08
For the 10 Years ending 5/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Mortgage Backed Securities Index
Bloomberg US Agg Bond TR USD
R-squared 96 87
Beta 0.91 0.85
Capture Ratio (Downside/Upside) 88/96 73/76
American Funds Benchmark for the 10 Years ending 5/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/24 (updated monthly).
U.S. Treasuries/Agencies
3.4%
AAA/Aaa
91.4%
AA/Aa
0.2%
A
0.3%
Unrated
0.5%
Cash & equivalents
4.1%
% of net assets as of 5/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
12.4%
5-9.9 Years
71.7%
10-19.9 Years
12.5%
20-29.9 Years
0.1%
30+ Years
--
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 3.9%
Asset-backed obligations 1.0%

% of net assets as of 3/31/2024 (updated quarterly)

Top Fixed-Income Issuers

UMBS
29.3%
Federal Home Loan Mortgage
28.0%
Fannie Mae
27.0%
U.S. Treasury
3.9%
Ginnie Mae II
3.3%

% of net assets as of 3/31/2024 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/21/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0343566 $0.00 $0.00 $0.00 $8.91
Daily 02/29/24 03/01/24 $0.0328421 $0.00 $0.00 $0.00 $8.71
Daily 03/28/24 04/01/24 $0.033286 $0.00 $0.00 $0.00 $8.75
Daily 04/30/24 05/01/24 $0.0349464 $0.00 $0.00 $0.00 $8.46
Daily 05/31/24 06/03/24 $0.0339994 $0.00 $0.00 $0.00 $8.59
2024 Year-to-Date: Dividends Subtotal: $0.16943037 Cap Gains Subtotal: $0.00
Total Distributions: $0.16943037

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.24%
Other Expenses 0.20%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

Gross Net
FFMFX 0.44% 0.42%
Lipper Intermediate U.S. Government Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).