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MFAAX American Funds Mortgage A

  • Fund
  • MFAAX
  • Price as of: Aug 16, 2019
  • $10.21 - $0.00 - 0.00%
  • Category
  • Mortgage Backed Securities

MFAAX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $6.48 B
  • Holdings in Top 10 24.5%

52 WEEK LOW AND HIGH

$10.21
$9.66
$10.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 66.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Mortgage Backed Securities
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Funds Mortgage Fund®
  • Fund Family Name American Funds
  • Inception Date Nov 01, 2010
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Fergus N. MacDonald

Fund Description

Normally at least 80% of the fund's assets will be invested in mortgage-related securities, including securities collateralized by mortgage loans and contracts for future delivery of such securities (such as to be announced contracts and mortgage dollar rolls). The fund will invest primarily in mortgage-related securities that are sponsored or guaranteed by the U.S. government, such as securities issued by government-sponsored entities that are not backed by the full faith and credit of the U.S. government, and non-government mortgage-related securities.

MFAAX - Performance

Return Ranking - Trailing

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% 0.0% 7.4% 48.81%
1 Yr 3.5% -1.5% 5.7% 37.04%
3 Yr -0.1%* -1.8% 1.0% 26.92%
5 Yr 0.0%* -1.5% 1.2% 44.00%
10 Yr N/A* -0.6% 1.8% N/A

* Annualized


Return Ranking - Calendar

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.3% -7.0% -0.1% 16.05%
2017 -0.3% -2.1% 3.2% 64.10%
2016 -0.5% -2.8% 4.3% 28.21%
2015 -0.6% -3.9% -0.6% 10.67%
2014 3.1% 0.0% 5.5% 32.88%

Total Return Ranking - Trailing

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% 0.0% 7.4% 48.81%
1 Yr 3.5% -1.5% 5.8% 37.04%
3 Yr 0.3%* -1.8% 4.5% 33.33%
5 Yr 0.7%* -1.5% 3.0% 14.67%
10 Yr N/A* -0.6% 4.5% N/A

* Annualized


Total Return Ranking - Calendar

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.3% -7.0% 2.5% 27.16%
2017 0.0% -2.1% 5.8% 55.13%
2016 0.4% -2.8% 4.3% 17.95%
2015 1.6% -3.9% 2.5% 10.67%
2014 3.1% 0.0% 5.5% 39.73%

NAV & Total Return History

MFAAX - Holdings

Concentration Analysis

MFAAX Category Low Category High MFAAX % Rank
Net Assets 6.48 B 15.9 M 10.8 B 11.90%
Number of Holdings 383 10 3007 58.33%
Net Assets in Top 10 1.55 B -7.83 B 1.69 B 5.95%
Weighting of Top 10 24.50% 5.3% 168.0% 64.29%

Top 10 Holdings

  1. Government National Mortgage Association 4.5% 3.55%

  2. Fnma Pass-Thru I 4.5% 3.13%

  3. Federal National Mortgage Association 3% 2.93%

  4. Federal Home Loan Mortgage Corporation 3% 2.60%

  5. United States Treasury Notes 2.12% 2.50%

  6. United States Treasury Notes 1.75% 2.10%

  7. Federal Home Loan Mortgage Corporation 3.5% 2.05%

  8. Federal National Mortgage Association 3.5% 1.94%

  9. Federal National Mortgage Association 4% 1.92%

  10. United States Treasury Notes 2.12% 1.77%


Asset Allocation

Weighting Return Low Return High MFAAX % Rank
Bonds
84.19% -23.16% 130.64% 83.33%
Cash
15.81% -30.64% 123.24% 10.71%
Stocks
0.00% -0.03% 0.04% 51.19%
Preferred Stocks
0.00% 0.00% 0.63% 54.76%
Other
0.00% -16.01% 0.86% 39.29%
Convertible Bonds
0.00% 0.00% 5.18% 55.95%

Bond Sector Breakdown

Weighting Return Low Return High MFAAX % Rank
Securitized
64.27% 7.30% 136.98% 84.52%
Government
19.91% -133.15% 22.28% 5.95%
Cash & Equivalents
11.95% -30.64% 123.12% 15.48%
Derivative
0.00% -2.66% 30.33% 45.24%
Corporate
0.00% 0.00% 88.85% 73.81%
Municipal
0.00% 0.00% 2.02% 58.33%

Bond Geographic Breakdown

Weighting Return Low Return High MFAAX % Rank
US
84.18% -31.48% 125.20% 76.19%
Non US
0.01% 0.00% 21.44% 60.71%

MFAAX - Expenses

Operational Fees

MFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.05% 3.10% 69.05%
Management Fee 0.23% 0.05% 0.89% 9.52%
12b-1 Fee 0.25% 0.00% 1.00% 38.00%
Administrative Fee 0.01% 0.01% 0.40% 2.04%

Sales Fees

MFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.25% 4.50% 61.11%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 21.00% 1580.00% 25.00%

MFAAX - Distributions

Dividend Yield Analysis

MFAAX Category Low Category High MFAAX % Rank
Dividend Yield 1.16% 0.01% 3.48% 82.14%

Dividend Distribution Analysis

MFAAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

MFAAX Category Low Category High MFAAX % Rank
Net Income Ratio 1.41% 0.54% 5.13% 84.52%

Capital Gain Distribution Analysis

MFAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MFAAX - Managers

Fergus N. MacDonald

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2010

8.75

8.8%

Investment professional since 1992; more than 11 years with Capital Research and Management Company or affiliate. Vice President – Fixed Income, Capital Research Company.


David J. Betanzos

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2013

5.75

5.8%

David J. Betanzos, Senior Vice President for Capital Fixed Income Investors. Mr. Betanzos has been wirth Capital Research and Management Company or affiliate since 2002.


Tenure Analysis

Category Low

0.18

Category High

26.42

Category Average

6.72

Category Mode

8.67