American Funds Mortgage Fund® Class C is a fixed income mutual fund managed by Capital Research and Management Company. Its primary purpose is to deliver current income while preserving capital, targeting investors who seek stability and a steady income stream. The fund achieves its objectives by investing at least 80% of its assets in high-quality, mortgage-related securities. These typically include securities guaranteed by the U.S. government, those issued by government-sponsored entities, and highly rated non-government mortgage-backed securities. The fund maintains a focus on credit quality and interest rate sensitivity, with a portfolio that consists almost entirely of U.S. bonds in the intermediate government category. Notably, it holds no equity exposure, emphasizing fixed-income instruments, and typically pays dividends monthly. With substantial assets under management and a portfolio diversified across multiple issuers, American Funds Mortgage Fund® Class C plays a significant role in providing exposure to the U.S. mortgage and securitized bond market, contributing to the broader fixed-income landscape by offering a conservative option for income-oriented investors.
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