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Morningstar

American Funds Mortgage R3 RMACX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 8.73  /  0.59 %
  • Total Assets 9.6 Bil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.74%
  • Effective Duration 6.51 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis RMACX

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

People Pillar

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

More RMACX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 567
  • Other Holdings 14
  • % Assets in Top 10 Holdings 29.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

26.24
2,400,095,370
Cash and Equivalents

Federal National Mortgage Association 6%

6.40
585,573,278
Securitized

Federal National Mortgage Association 4.5%

5.48
501,428,459
Securitized

Federal Home Loan Mortgage Corporation 6%

2.55
233,456,669
Securitized

Federal National Mortgage Association 5%

2.45
223,683,034
Securitized

Federal National Mortgage Association 5%

2.43
222,147,787
Securitized

Federal National Mortgage Association 5%

2.26
206,265,327
Securitized

Federal Home Loan Banks 0%

2.19
199,942,000
Cash and Equivalents

Federal National Mortgage Association 6.5%

2.09
190,875,710
Securitized

Federal National Mortgage Association 5%

1.95
178,279,155
Securitized