American Funds Mortgage Fund® Class F-2 (MFAFX)
| Fund Assets | 11.62B |
| Expense Ratio | 0.38% |
| Min. Investment | $250 |
| Turnover | 824.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.67% |
| Dividend Growth | 1.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 8.79 |
| YTD Return | 2.40% |
| 1-Year Return | 2.70% |
| 5-Year Return | -4.13% |
| 52-Week Low | 8.48 |
| 52-Week High | 9.11 |
| Beta (5Y) | n/a |
| Holdings | 1072 |
| Inception Date | Nov 1, 2010 |
About MFAFX
American Funds Mortgage Fund Class F-2 is a fixed-income mutual fund dedicated to generating current income and preserving capital, primarily through investment in mortgage-related securities. At least 80% of its portfolio is allocated to securities such as mortgage-backed obligations—many of which are sponsored or guaranteed by U.S. government agencies—as well as other securities collateralized by mortgage loans. The fund also invests a smaller proportion in U.S. Treasury bonds and asset-backed obligations, with virtually no exposure to equities or non-U.S. debt. With a large and diversified portfolio exceeding $11 billion in assets under management and more than 900 holdings, the fund employs an actively managed strategy, overseen by an experienced team, to navigate changing interest rate and credit conditions. Distributions are made monthly, providing a consistent income stream, and the fund is benchmarked against both the Bloomberg U.S. Mortgage Backed Securities Index and other sector standards, reflecting its primary focus on the mortgage sector. By primarily targeting mortgage-backed securities, American Funds Mortgage Fund Class F-2 plays a significant role in the intermediate government bond segment, offering investors exposure to the dynamics of the U.S. housing and credit markets.
Performance
MFAFX had a total return of 2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.64%.
Top 10 Holdings
28.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Capital Group Central Cash Fund | n/a | 8.98% |
| Federal National Mortgage Association 2.5% | FNCL.2.5 7.11 | 3.46% |
| Federal National Mortgage Association 6% | FNCL.6 7.11 | 2.98% |
| Federal Home Loan Banks 0% | FHLBDN.0 07.02.13 | 2.45% |
| Federal National Mortgage Association 6.5% | FNCL.6.5 8.11 | 2.08% |
| Federal Home Loan Mortgage Corp. 5% | FR.SD4977 | 1.85% |
| Federal National Mortgage Association 3.5% | FNCL.3.5 8.11 | 1.80% |
| Federal National Mortgage Association 5% | FN.MA5009 | 1.69% |
| Federal Home Loan Banks 0% | FHLBDN.0 08.27.13 | 1.61% |
| Federal Home Loan Mortgage Corp. 6.5% | FR.SD8508 | 1.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03356 | Jul 1, 2025 |
| May 30, 2025 | $0.0338 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03293 | May 1, 2025 |
| Mar 31, 2025 | $0.03316 | Apr 1, 2025 |
| Feb 28, 2025 | $0.03281 | Mar 3, 2025 |
| Jan 31, 2025 | $0.03348 | Feb 3, 2025 |