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Morningstar

American Funds Mortgage 529C CMFCX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 8.37  /  0.10 %
  • Total Assets 9.1 Bil
  • Adj. Expense Ratio
    1.440%
  • Expense Ratio 1.440%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.87%
  • Effective Duration 6.40 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis CMFCX

Will CMFCX 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 CMFCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CMFCX 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 CMFCX’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 CMFCX

More CMFCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 575
  • Other Holdings 11
  • % Assets in Top 10 Holdings 33.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

20.38
1,806,222,707
Cash and Equivalents

Federal National Mortgage Association 5%

7.10
628,964,464
Securitized

Federal National Mortgage Association 4.5%

6.09
539,887,500
Securitized

Federal National Mortgage Association 6%

3.38
299,170,897
Securitized

Federal Home Loan Banks 0%

2.81
249,174,825
Cash and Equivalents

Federal Home Loan Mortgage Corporation 6%

2.76
244,811,514
Securitized

Federal National Mortgage Association 4%

2.69
238,047,582
Securitized

Federal National Mortgage Association 2.5%

2.47
219,219,466
Securitized

Federal National Mortgage Association 5%

2.43
215,439,356
Securitized

Federal Home Loan Mortgage Corporation 5.5%

2.37
209,767,116
Securitized