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Morningstar

American Funds Mortgage F1 MFAEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 8.51  /  −0.67 %
  • Total Assets 10.4 Bil
  • Adj. Expense Ratio
    0.630%
  • Expense Ratio 0.630%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 4.26%
  • Effective Duration 5.78 years

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 10:17 PM GMT+0

Morningstar’s Analysis MFAEX

Will MFAEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MFAEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MFAEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MFAEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong and steady option for mortgage exposure.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

American Funds Mortgage’s stable and experienced team has consistently executed its conservative approach to the mortgage market. It earns a Morningstar Analyst Rating of Silver for its cheapest share classes, while its pricier shares are rated Bronze or Neutral.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MFAEX

More MFAEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

23.53 2.5 Bil
Cash and Equivalents

Federal National Mortgage Association 4.5%

6.08 640.3 Mil
Securitized

Federal National Mortgage Association 4%

3.25 342.0 Mil
Securitized

Federal National Mortgage Association 5%

2.66 280.0 Mil
Securitized

Federal Home Loan Banks 0%

2.36 248.0 Mil
Cash and Equivalents

Federal National Mortgage Association 6%

2.30 242.0 Mil
Securitized

Federal Home Loan Banks 0%

2.29 241.1 Mil
Cash and Equivalents

Federal Home Loan Mortgage Corp. 6%

2.17 228.9 Mil
Securitized

Federal National Mortgage Association 5%

2.13 224.4 Mil
Securitized

Federal National Mortgage Association 5%

1.89 199.3 Mil
Securitized