American Funds Mortgage A
- MFAAX
- Price as of: Apr 16, 2021
-
$10.19
N/A N/A
- Primary Theme
- Intermediate-Term U.S. Treasury Bond
- Fund Company
- American Funds
- Share Class
MFAAX - Snapshot
Vitals
- YTD Return -1.0%
- 3 Yr Annualized Return 3.9%
- 5 Yr Annualized Return 2.3%
- Net Assets $8.44 B
- Holdings in Top 10 37.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.65%
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
-
Primary Theme
Intermediate-Term U.S. Treasury Bond
- Fund Type Open End Mutual Fund
- Investment Style Intermediate Government
MFAAX - Profile
Distributions
- YTD Total Return -1.0%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.97%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Funds Mortgage Fund®
-
Fund Family NameAmerican Funds
-
Inception DateNov 01, 2010
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerFergus 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 | -1.0% | -4.4% | 11.2% | 28.99% |
1 Yr | 0.8% | -5.4% | 4.5% | 26.03% |
3 Yr | 3.9%* | 1.7% | 6.5% | 31.38% |
5 Yr | 2.3%* | 0.2% | 3.5% | 25.21% |
10 Yr | 2.8%* | 0.6% | 6.2% | 25.86% |
* Annualized
Return Ranking - Calendar
Period | MFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.1% | -1.3% | 8.8% | 66.38% |
2019 | 1.7% | -48.1% | 7.1% | 93.45% |
2018 | -1.3% | -5.4% | 0.2% | 24.42% |
2017 | -0.3% | -2.4% | 0.7% | 45.73% |
2016 | -0.5% | -9.3% | 0.0% | 6.84% |
Total Return Ranking - Trailing
Period | MFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.0% | -4.4% | 11.2% | 28.99% |
1 Yr | -2.9% | -8.5% | 4.5% | 76.03% |
3 Yr | 2.6%* | 1.1% | 6.5% | 81.59% |
5 Yr | 1.5%* | 0.0% | 3.5% | 72.69% |
10 Yr | 2.4%* | 0.6% | 6.2% | 57.33% |
* Annualized
Total Return Ranking - Calendar
Period | MFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 2.1% | -1.3% | 8.8% | 66.38% |
2019 | 1.7% | 0.3% | 7.1% | 94.32% |
2018 | -1.3% | -3.4% | 2.0% | 41.94% |
2017 | 0.0% | -2.4% | 4.6% | 52.26% |
2016 | 0.4% | -9.3% | 1.5% | 18.42% |
NAV & Total Return History
MFAAX - Holdings
Concentration Analysis
MFAAX | Category Low | Category High | MFAAX % Rank | |
---|---|---|---|---|
Net Assets | 8.44 B | 14.6 M | 26.9 B | 17.28% |
Number of Holdings | 552 | 9 | 15140 | 39.51% |
Net Assets in Top 10 | 2.95 B | 4.96 M | 8.88 B | 15.23% |
Weighting of Top 10 | 37.35% | 8.7% | 100.0% | 47.16% |
Top 10 Holdings
- Federal National Mortgage Association 2% 13.89%
- Federal National Mortgage Association 3% 12.70%
- Federal National Mortgage Association 1.5% 11.78%
- Federal National Mortgage Association 1.5% 10.15%
- Federal National Mortgage Association 1.5% 7.47%
- Federal National Mortgage Association 2% 5.96%
- Federal National Mortgage Association 3.5% 4.97%
- Federal National Mortgage Association 2% 4.63%
- United States Treasury Bills 0% 3.97%
- Government National Mortgage Association 2% 3.86%
Asset Allocation
Weighting | Return Low | Return High | MFAAX % Rank | |
---|---|---|---|---|
Bonds | 81.15% | 66.00% | 139.17% | 74.90% |
Cash | 18.85% | -41.06% | 34.00% | 22.22% |
Stocks | 0.00% | -0.01% | 0.52% | 73.25% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 74.49% |
Other | 0.00% | -4.13% | 23.20% | 75.72% |
Convertible Bonds | 0.00% | 0.00% | 28.04% | 74.49% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MFAAX % Rank | |
---|---|---|---|---|
Securitized | 53.96% | 0.00% | 99.89% | 55.97% |
Cash & Equivalents | 34.03% | 0.00% | 46.98% | 6.58% |
Government | 9.63% | 0.00% | 100.00% | 61.73% |
Corporate | 2.38% | 0.00% | 27.22% | 6.58% |
Derivative | 0.00% | 0.00% | 14.59% | 79.01% |
Municipal | 0.00% | 0.00% | 13.53% | 78.19% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MFAAX % Rank | |
---|---|---|---|---|
US | 80.95% | 66.00% | 138.14% | 76.13% |
Non US | 0.20% | 0.00% | 7.04% | 25.93% |
MFAAX - Expenses
Operational Fees
MFAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.65% | 0.03% | 2.63% | 57.33% |
Management Fee | 0.21% | 0.00% | 0.85% | 27.16% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.90% |
Administrative Fee | 0.01% | 0.01% | 0.45% | 1.96% |
Sales Fees
MFAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 1.00% | 4.50% | 60.00% |
Deferred Load | N/A | 1.00% | 5.50% | 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 | 1.38% | 421.00% | 63.10% |
MFAAX - Distributions
Dividend Yield Analysis
MFAAX | Category Low | Category High | MFAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.86% | 75.72% |
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 | 0.97% | -0.46% | 3.38% | 84.48% |
Capital Gain Distribution Analysis
MFAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Apr 01, 2019 | $0.020 |
Mar 01, 2019 | $0.016 |
Feb 01, 2019 | $0.017 |
Jan 02, 2019 | $0.018 |
Dec 03, 2018 | $0.016 |
Nov 01, 2018 | $0.015 |
Sep 04, 2018 | $0.016 |
Aug 01, 2018 | $0.016 |
Jul 02, 2018 | $0.015 |
Jun 01, 2018 | $0.014 |
May 01, 2018 | $0.016 |
Apr 02, 2018 | $0.015 |
Mar 01, 2018 | $0.010 |
Feb 01, 2018 | $0.010 |
Dec 01, 2017 | $0.012 |
Nov 01, 2017 | $0.010 |
Oct 02, 2017 | $0.009 |
Sep 01, 2017 | $0.010 |
Aug 01, 2017 | $0.011 |
Jul 03, 2017 | $0.012 |
Jun 01, 2017 | $0.011 |
May 01, 2017 | $0.012 |
Apr 03, 2017 | $0.015 |
Mar 01, 2017 | $0.010 |
Feb 01, 2017 | $0.010 |
Dec 01, 2016 | $0.011 |
Nov 01, 2016 | $0.011 |
Oct 03, 2016 | $0.010 |
Sep 01, 2016 | $0.016 |
Aug 01, 2016 | $0.019 |
Jul 01, 2016 | $0.019 |
Jun 01, 2016 | $0.015 |
May 02, 2016 | $0.013 |
Apr 01, 2016 | $0.012 |
Mar 01, 2016 | $0.008 |
Feb 01, 2016 | $0.011 |
Dec 01, 2015 | $0.008 |
Nov 02, 2015 | $0.014 |
Oct 01, 2015 | $0.014 |
Sep 01, 2015 | $0.012 |
Aug 03, 2015 | $0.013 |
Jul 01, 2015 | $0.007 |
Jun 01, 2015 | $0.010 |
May 01, 2015 | $0.013 |
Apr 01, 2015 | $0.009 |
Mar 02, 2015 | $0.007 |
Feb 02, 2015 | $0.005 |
Dec 01, 2014 | $0.009 |
Nov 03, 2014 | $0.006 |
Oct 01, 2014 | $0.005 |
Sep 02, 2014 | $0.005 |
Aug 01, 2014 | $0.005 |
Jul 01, 2014 | $0.005 |
Jun 02, 2014 | $0.008 |
May 01, 2014 | $0.010 |
Apr 01, 2014 | $0.013 |
Mar 03, 2014 | $0.013 |
Feb 03, 2014 | $0.012 |
Dec 30, 2013 | $0.014 |
Nov 29, 2013 | $0.013 |
Oct 29, 2013 | $0.011 |
Sep 30, 2013 | $0.009 |
Aug 29, 2013 | $0.008 |
Jul 29, 2013 | $0.006 |
Jul 01, 2013 | $0.007 |
May 29, 2013 | $0.006 |
Apr 29, 2013 | $0.005 |
Apr 01, 2013 | $0.006 |
Mar 01, 2013 | $0.005 |
Jan 29, 2013 | $0.005 |
Nov 29, 2012 | $0.005 |
Oct 29, 2012 | $0.006 |
Sep 28, 2012 | $0.010 |
Aug 29, 2012 | $0.010 |
Jul 30, 2012 | $0.009 |
Jun 29, 2012 | $0.010 |
May 25, 2012 | $0.009 |
Apr 30, 2012 | $0.007 |
Mar 29, 2012 | $0.009 |
Feb 29, 2012 | $0.010 |
Jan 30, 2012 | $0.011 |
Nov 29, 2011 | $0.015 |
Oct 31, 2011 | $0.018 |
Sep 29, 2011 | $0.018 |
Aug 29, 2011 | $0.020 |
Jul 29, 2011 | $0.024 |
Jun 29, 2011 | $0.025 |
May 26, 2011 | $0.021 |
Apr 29, 2011 | $0.025 |
Mar 29, 2011 | $0.023 |
Mar 01, 2011 | $0.022 |
MFAAX - Fund Manager Analysis
Managers
Fergus MacDonald
Start Date
Tenure
Tenure Rank
Nov 01, 2010
10.42
10.4%
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
7.42
7.4%
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.
Oliver Edmonds
Start Date
Tenure
Tenure Rank
Oct 30, 2019
1.42
1.4%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 30.47 | 8.52 | 6.18 |