American Funds Mortgage Fund - R-3 | American Funds

Select your location

Who are you ?

Select another location

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Wer bist du ?

Wählen Sie einen anderen Ort

Qui êtes vous ?

Sélectionnez un autre emplacement

Who are you ?

Select another location

Who are you ?

RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BOND FUNDS

®

Share Class
Purchase Restrictions: Class R-3 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

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 $9.45 as of 7/01/2022 (updated daily)
Fund Assets (millions) $8,730.2
Portfolio Managers
3
Expense Ratio
0.92%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds94.4%
Non-U.S. Bonds0.0%
Cash & Equivalents
5.6%
U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds94.4%
Non-U.S. Bonds0.0%
Cash & Equivalents
5.6%
As of 5/31/2022 (updated monthly)

Growth of 10K

High & Low Prices

Fund Statistics

5 years
Effective Duration
3%
Average Yield
to Worst
2.4%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund 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 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 5/31/2022
$8,730.2
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
104+
Shareholder Accounts
Shareholder accounts are as of 5/31/2022
2,166
Regular Dividends Paid
Monthly
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2021) 1015%
Fiscal Year-End Aug
Prospectus Date 05/01/2022
CUSIP 02630V 84 0
Fund Number 2342

Returns

Internal Prompt

Month-End Returns as of 5/31/22

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class R-3 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
RMACX
Bloomberg U.S. Mortgage Backed Securities Index
Other AF Funds
Standard Deviation as of 05/31/2022 (updated monthly) . Annualized return as of 05/31/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.40% 1.82%
Fund at MOP N/A N/A
As of 5/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 8 20 21
Oliver V. Edmonds 2 18
Fergus N. MacDonald 11 18 29
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(226)
3-yr. Morningstar RatingTM
(226 funds rated)
5-yr. Morningstar RatingTM
(213 funds rated)
10-yr. Morningstar RatingTM
(177 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Intermediate Government
Ratings are based on risk-adjusted returns as of 5/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.48
Sharpe Ratio
0.20
For the 10 Years ending 5/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Mortgage Backed Securities Index
Bloomberg US Agg Bond TR USD
R-squared 87 75
Beta 0.95 0.62
Capture Ratio (Downside/Upside) 96/89 59/60
American Funds Benchmark for the 10 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 5/31/22 (updated monthly).
U.S. Treasuries/Agencies
21.7%
AAA/Aaa
68.9%
AA/Aa
0.8%
Unrated
1.8%
Cash & equivalents
6.1%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
26.1%
5-9.9 Years
61.1%
10-19.9 Years
3.2%
20-29.9 Years
2.8%
30+ Years
--
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 21.7%
Asset-backed obligations 1.8%

% of net assets as of 3/31/2022 (updated quarterly)

Top Fixed-Income Issuers

UMBS
36.4%
U.S. Treasury
21.7%
Ginnie Mae II
9.3%
Fannie Mae
8.5%
Federal Home Loan Mortgage
4.7%

% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 07/01/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/22 02/01/22 $0.0009807 $0.00 $0.00 $0.00 $10.03
Daily 02/28/22 03/01/22 $0.0008611 $0.00 $0.00 $0.00 $9.98
Daily 03/31/22 04/01/22 $0.0052847 $0.00 $0.00 $0.00 $9.72
Daily 04/29/22 05/02/22 $0.0085212 $0.00 $0.00 $0.00 $9.46
Daily 05/31/22 06/01/22 $0.0135145 $0.00 $0.00 $0.00 $9.51
Daily 06/30/22 07/01/22 $0.0085218 $0.00 $0.00 $0.00 $9.39
2022 Year-to-Date: Dividends Subtotal: $0.03768398 Cap Gains Subtotal: $0.00
Total Distributions: $0.03768398

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.18%
Other Expenses 0.24%
Service 12b-1 0.50%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RMACX 0.92%
Lipper Intermediate U.S. Government Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RMACX