Morningstar

American Funds Mortgage Fund® Class R-2E RMBEX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 8.70  /  −0.34 %
  • Total Assets 13.1B
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 1.040%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Small
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.84%
  • Effective Duration 6.14 years

USD | NAV as of Jul 20, 2026 | 1-Day Return as of Jul 20, 2026, 10:28 PM GMT+0

Morningstar’s Analysis RMBEX

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

  • People Pillar

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

American Funds Mortgage Ratings Unchanged Ahead of Manager Retirement

null River Meng

River Meng

Analyst Note

Capital Group announced that comanager David Betanzos will retire from American Funds Mortgage and the firm effective Dec. 1, 2026. This news does not affect the strategy’s High People and Above Average Process Pillar ratings or its Morningstar Medalist Ratings across share classes.

by River Meng
Published on

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Portfolio Holdings RMBEX

More RMBEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

9.63 1B
Cash and Equivalents

Federal National Mortgage Association 6%

5.98 780M
Securitized

Federal Home Loan Banks 0%

3.25 424M
Cash and Equivalents

Federal National Mortgage Association 6.5%

2.92 381M
Securitized

Federal National Mortgage Association 2.5%

2.79 364M
Securitized

Federal Home Loan Banks 0%

2.66 347M
Cash and Equivalents

Federal Home Loan Banks 0%

1.91 249M
Cash and Equivalents

Federal Home Loan Banks 0%

1.90 248M
Cash and Equivalents

Federal Home Loan Banks 0%

1.88 245M
Government

Federal Home Loan Banks 0%

1.72 224M
Cash and Equivalents

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