MFAAX: American Funds Mortgage A

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Profile

MFAAX - Profile

Vitals

  • YTD Return 5.2%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $7.57 B
  • Holdings in Top 10 44.1%

52 WEEK LOW AND HIGH

$10.59
$10.07
$10.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification


Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 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.


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Categories

Performance

MFAAX - Performance

Return Ranking - Trailing

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -28.1% 5.2% 10.39%
1 Yr 4.4% -29.0% 4.7% 5.19%
3 Yr 1.6%* -13.4% 2.1% 9.23%
5 Yr 0.9%* -11.0% 0.9% 6.90%
10 Yr N/A* -3.4% 1.3% N/A

* Annualized

Return Ranking - Calendar

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.1% 4.7% 64.94%
2018 -1.3% -9.3% -1.2% 11.43%
2017 -0.3% -2.1% 10.9% 67.19%
2016 -0.5% -9.1% 4.1% 31.67%
2015 -0.6% -10.6% -0.6% 17.54%

Total Return Ranking - Trailing

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -28.1% 5.2% 10.39%
1 Yr 4.4% -29.0% 4.7% 5.19%
3 Yr 1.6%* -13.4% 3.5% 20.00%
5 Yr 1.3%* -11.0% 2.9% 17.24%
10 Yr N/A* -3.4% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MFAAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.1% 5.1% 64.94%
2018 -1.3% -9.3% 2.0% 28.57%
2017 0.0% -2.1% 10.9% 60.94%
2016 0.4% -9.1% 4.1% 26.67%
2015 1.6% -10.6% 2.5% 15.79%

NAV & Total Return History


Holdings

MFAAX - Holdings

Concentration Analysis

MFAAX Category Low Category High MFAAX % Rank
Net Assets 7.57 B 10.3 M 12.7 B 19.48%
Number of Holdings 607 3 3172 40.26%
Net Assets in Top 10 3.13 B -1.95 B 3.13 B 10.39%
Weighting of Top 10 44.09% 5.5% 99.8% 47.76%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 11.42%
  2. Federal National Mortgage Association 2% 10.00%
  3. Federal National Mortgage Association 3.5% 6.46%
  4. Federal National Mortgage Association 2% 4.98%
  5. Federal National Mortgage Association 4.5% 2.59%
  6. Federal National Mortgage Association 3% 1.85%
  7. Federal Home Loan Mortgage Corporation 3% 1.84%
  8. Federal Home Loan Mortgage Corporation 3.5% 1.70%
  9. Federal Home Loan Mortgage Corporation 1.62%
  10. Government National Mortgage Association 4% 1.61%

Asset Allocation

Weighting Return Low Return High MFAAX % Rank
Bonds
96.84% 83.92% 206.57% 42.86%
Cash
3.16% -114.99% 15.22% 55.84%
Stocks
0.00% 0.00% 1.58% 70.13%
Preferred Stocks
0.00% 0.00% 1.18% 70.13%
Other
0.00% -7.63% 1.70% 51.95%
Convertible Bonds
0.00% 0.00% 3.96% 71.43%

Bond Sector Breakdown

Weighting Return Low Return High MFAAX % Rank
Securitized
70.08% 39.00% 98.62% 74.03%
Cash & Equivalents
23.48% 1.11% 39.28% 16.88%
Government
6.45% 0.00% 20.60% 38.96%
Derivative
0.00% 0.00% 7.20% 75.32%
Corporate
0.00% 0.00% 20.80% 79.22%
Municipal
0.00% 0.00% 1.38% 74.03%

Bond Geographic Breakdown

Weighting Return Low Return High MFAAX % Rank
US
96.84% 74.10% 173.62% 42.86%
Non US
0.00% 0.00% 32.95% 83.12%

Expenses

MFAAX - Expenses

Operational Fees

MFAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.05% 21.33% 71.43%
Management Fee 0.24% 0.00% 1.63% 14.29%
12b-1 Fee 0.25% 0.00% 1.00% 39.47%
Administrative Fee 0.01% 0.01% 0.45% 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% 80.00%
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% 1.00% N/A

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 N/A 7.00% 370.00% 63.10%

Distributions

MFAAX - Distributions

Dividend Yield Analysis

MFAAX Category Low Category High MFAAX % Rank
Dividend Yield 0.00% 0.00% 0.42% 70.13%

Dividend Distribution Analysis

MFAAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MFAAX Category Low Category High MFAAX % Rank
Net Income Ratio 2.03% 0.98% 8.11% 79.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MFAAX - Fund Manager Analysis

Managers

Fergus MacDonald


Start Date

Tenure

Tenure Rank

Nov 01, 2010

9.67

9.7%

Fergus N. MacDonald is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee. He has 25 years of investment experience and has been with Capital Group for 14 years. He holds a graduate degree in applied mathematics and theoretical physics from Cambridge University and a bachelor’s degree with first-class honors in mathematics from the Imperial College of Science Technology and Medicine. Fergus is based in Los Angeles.

David Betanzos


Start Date

Tenure

Tenure Rank

Nov 01, 2013

6.67

6.7%

David J. Betanzos, Senior Vice President and fixed income portfolio manager for Capital Research and Management Company. He has been wirth Capital Research and Management Company or affiliate since 2002.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.54 24.52 6.87 9.67