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Morningstar

American Funds Mortgage R1 RMAAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.18  /  0.78 %
  • Total Assets 8.7 Bil
  • Adj. Expense Ratio
    1.360%
  • Expense Ratio 1.370%
  • Distribution Fee Level High
  • Share Class Type Retirement, Small
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.20%
  • Effective Duration 5.84 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis RMAAX

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

People Pillar

The People Pillar is our evaluation of the RMAAX 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 RMAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A conservative mortgage-focused offering.

Analyst

Summary

| by Sam Kulahan

American Funds Mortgage Fund benefits from a solid team that has prudently 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.

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