American Funds Mortgage Fund (MFAAX)
The investment seeks to provide current income and preservation of capital. Normally at least 80% of the fund's assets will be invested in mortgage-related securities, including securities collateralized by mortgage loans and contracts for future delivery of such securities (such as to be announced contracts and mortgage dollar rolls). The fund will invest primarily in mortgage-related securities that are sponsored or guaranteed by the U.S. government, such as securities issued by government-sponsored entities that are not backed by the full faith and credit of the U.S. government, and non-government mortgage-related securities.
Fund Info
US02630V1052
02630V105
Oct 31, 2010
$250
Expense Ratio
MFAAX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds Mortgage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds Mortgage Fund had a return of 0.48% year-to-date (YTD) and 3.57% in the last 12 months. Over the past 10 years, American Funds Mortgage Fund had an annualized return of 0.33%, while the S&P 500 had an annualized return of 11.29%, indicating that American Funds Mortgage Fund did not perform as well as the benchmark.
MFAAX
0.48%
0.71%
-1.55%
3.57%
-0.91%
0.33%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MFAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.59% | 0.48% | |||||||||||
| 2024 | -0.09% | -1.89% | 0.82% | -2.94% | 1.80% | 1.19% | 2.48% | 1.62% | 1.26% | -3.07% | 1.05% | -1.46% | 0.56% |
| 2023 | 2.83% | -2.69% | 2.57% | 0.31% | -0.98% | -1.09% | -0.22% | -0.78% | -2.74% | -1.87% | 4.84% | 3.71% | 3.57% |
| 2022 | -1.16% | -0.48% | -2.53% | -2.55% | 0.68% | -1.15% | 2.33% | -2.74% | -4.71% | -1.21% | 3.77% | -0.60% | -10.13% |
| 2021 | -0.16% | -0.65% | -0.46% | 0.42% | 0.03% | 0.13% | 0.63% | -0.16% | -0.37% | 0.01% | 0.11% | -0.16% | -0.63% |
| 2020 | 0.93% | 1.40% | 1.95% | 0.73% | 0.17% | 0.42% | 0.42% | 0.04% | -0.05% | -0.04% | 0.33% | -3.16% | 3.09% |
| 2019 | 0.58% | -0.14% | 1.41% | 0.01% | 1.22% | 0.60% | -0.01% | 0.98% | -0.12% | 0.17% | -0.16% | -0.64% | 3.95% |
| 2018 | -1.10% | -0.60% | 0.46% | -0.55% | 0.65% | 0.05% | -0.24% | 0.57% | -0.76% | -0.26% | 0.78% | 1.52% | 0.49% |
| 2017 | 0.30% | 0.30% | 0.15% | 0.51% | 0.41% | -0.37% | 0.50% | 0.49% | -0.40% | -0.20% | -0.48% | -0.22% | 0.99% |
| 2016 | 1.39% | -0.02% | 0.61% | 0.13% | -0.44% | 1.07% | -0.01% | -0.43% | 0.68% | 0.01% | -1.06% | -0.88% | 1.03% |
| 2015 | 2.12% | -0.61% | 0.48% | 0.32% | -0.20% | -0.62% | 0.72% | 0.02% | 0.82% | 0.14% | -0.21% | -1.37% | 1.57% |
| 2014 | 1.74% | 0.23% | -0.27% | 0.80% | 1.17% | 0.15% | -0.34% | 0.74% | -0.44% | 1.04% | 0.57% | -1.30% | 4.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MFAAX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Mortgage Fund (MFAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds Mortgage Fund provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.35 | $0.16 | $0.04 | $0.10 | $0.22 | $0.18 | $0.13 | $0.16 | $0.22 | $0.10 |
Dividend yield | 4.48% | 4.49% | 3.90% | 1.80% | 0.34% | 0.99% | 2.17% | 1.78% | 1.30% | 1.55% | 2.17% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Mortgage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.03 | $0.01 | $0.01 | $0.02 | $0.03 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.10 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.22 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2015 | $0.10 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.22 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Mortgage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Mortgage Fund was 18.62%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current American Funds Mortgage Fund drawdown is 9.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.62% | Dec 31, 2020 | 705 | Oct 19, 2023 | — | — | — |
| -4.02% | Sep 11, 2017 | 172 | May 16, 2018 | 211 | Mar 20, 2019 | 383 |
| -3.92% | Apr 30, 2013 | 90 | Sep 5, 2013 | 151 | Apr 11, 2014 | 241 |
| -2.97% | Mar 10, 2020 | 8 | Mar 19, 2020 | 6 | Mar 27, 2020 | 14 |
| -2.7% | Nov 2, 2016 | 89 | Mar 13, 2017 | 120 | Aug 31, 2017 | 209 |
Volatility
Volatility Chart
The current American Funds Mortgage Fund volatility is 1.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.