American Funds Mortgage Fund benefits from a solid team which 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 earn a Bronze or Neutral.
American Funds Mortgage R2 RMABX
NAV / 1-Day Return
9.96
/
0.30
%
Total Assets
9.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.340%
Expense Ratio
1.340%
Fee Level
Above Average
Longest Manager Tenure
11.21
years
Category
Intermediate Government
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
0.04%
Effective Duration
3.39
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will RMABX 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 RMABX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RMABX 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 RMABX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A conservative mortgage-focused offering.
