Morningstar

American Funds Mortgage Fund® Class R-6 RMAGX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 8.72  /  −0.23 %
  • Total Assets 13.1B
  • Adj. Expense Ratio
    0.260%
  • Expense Ratio 0.260%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 4.56%
  • Effective Duration 6.14 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis RMAGX

Will RMAGX outperform in the 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 RMAGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A top-shelf agency mortgage-backed securities option.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

American Funds Mortgage’s experienced team and flexible approach have helped it navigate market drawdowns effectively, making it an excellent option.

by River Meng
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RMAGX

More RMAGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Banks 0%

3.57 449M
Cash and Equivalents

Federal Home Loan Banks 0%

2.77 349M
Cash and Equivalents

Federal National Mortgage Association 2.5%

2.02 254M
Securitized

Federal National Mortgage Association 6.5%

2.01 253M
Securitized

Federal Home Loan Banks 0%

1.98 249M
Cash and Equivalents

Federal Home Loan Banks 0%

1.98 249M
Cash and Equivalents

Federal Home Loan Banks 0%

1.98 249M
Cash and Equivalents

Federal Home Loan Mortgage Corp. 6%

1.83 231M
Securitized

Federal National Mortgage Association 4.5%

1.51 190M
Securitized

Federal National Mortgage Association 5.5%

1.37 172M
Securitized

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