MFAAX

About MFAAX

American Funds Mortgage Fund® Class A is a fixed-income mutual fund dedicated to providing current income and preservation of capital. Its portfolio is primarily composed of high-quality, mortgage-related securities, with at least 80% of assets invested in mortgage-backed securities guaranteed or sponsored by the U.S. government and government-sponsored enterprises, as well as highly rated non-government mortgage bonds. The fund maintains a diversified allocation that also includes a modest exposure to U.S. Treasury bonds and asset-backed securities, usually amounting to less than 10% of its holdings. Managed by Capital Research and Management Company, the fund employs a disciplined, research-driven process with a focus on credit quality and interest rate sensitivity. The investment approach seeks to balance yield with risk, targeting securities predominantly rated AAA/Aaa or of equivalent quality. The fund pays monthly dividends and is classified under the intermediate government bond category, which is characterized by moderate interest rate risk and high credit quality. In the broader market, American Funds Mortgage Fund® Class A serves investors seeking a reliable source of income and capital stability, playing a significant role in the fixed-income segment by offering exposure to the U.S. mortgage market.