CMFCX

About CMFCX

American Funds Mortgage Fund 529-C is a fixed income mutual fund dedicated to providing current income and preservation of capital. Managed by Capital Research and Management Company, the fund primarily invests at least 80% of its assets in mortgage-related securities—such as agency mortgage-backed obligations, including those issued by government-sponsored entities—and contracts for future delivery of these instruments. The portfolio’s credit quality is notably high, consisting mostly of bonds rated AA or above, which helps to minimize credit risk. Its holdings overwhelmingly focus on U.S. mortgage-backed securities, supplemented by U.S. Treasury bonds and a modest allocation to asset-backed obligations and cash equivalents. With a typical effective duration around 5 to 6 years, the fund occupies the intermediate government bond category, a segment known for balancing yield potential with moderate interest rate sensitivity. American Funds Mortgage Fund 529-C pays distributions monthly and serves institutional, education-focused, or individual investors seeking regular income from a diversified pool of mortgage-related assets, while aiming to maintain a relatively stable net asset value in varying markets.