MFAEX

About MFAEX

American Funds Mortgage Fund Class F-1 is a fixed-income mutual fund focused primarily on providing current income and preservation of capital. The fund invests mainly in mortgage-related securities, with a significant allocation to instruments sponsored or guaranteed by the U.S. government, such as securities issued by government-sponsored entities and, to a lesser extent, non-government mortgage-related securities. Mortgage-backed obligations make up the vast majority of the fund's portfolio, typically exceeding 75% of assets, while a smaller portion is held in U.S. Treasury bonds and asset-backed obligations. This fund is actively managed by a team of experienced portfolio managers, employing a valuation-sensitive and conservative approach to mitigate interest rate and credit risk. Its strategy is oriented toward investors seeking regular monthly income distributions from a portfolio of high-quality, predominantly agency-backed mortgage securities. The fund's intermediate government classification reflects its focus on the intermediate part of the maturity spectrum, balancing yield with a moderate level of interest rate risk. With a substantial asset base and longstanding track record since its 2010 inception, the fund plays a notable role in the fixed-income mutual fund market, helping to diversify portfolios with exposure to the U.S. mortgage sector.