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 has an expense ratio of 0.64%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
American Funds Mortgage Fund (MFAAX) returned 2.49% year-to-date (YTD) and 6.69% over the past 12 months. Over the past 10 years, MFAAX returned 0.41% annually, underperforming the S&P 500 benchmark at 10.84%.
MFAAX
2.49%
-1.35%
1.70%
6.69%
0.53%
-1.37%
0.41%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 2.45% | 0.24% | 0.92% | -1.69% | 2.49% | |||||||
| 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% | 0.69% | -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% | -3.17% | 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% | -0.61% | 0.46% | -0.55% | 0.65% | 0.05% | -0.24% | 0.57% | -0.76% | -0.26% | 0.78% | 1.51% | 0.49% |
| 2017 | 0.30% | 0.30% | 0.15% | 0.51% | 0.40% | -0.37% | 0.50% | 0.49% | -0.40% | -0.20% | -0.47% | -0.22% | 0.99% |
| 2016 | 1.40% | -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 | 2.11% | -0.61% | 0.48% | 0.32% | -0.19% | -0.62% | 0.72% | 0.02% | 0.82% | 0.14% | -0.21% | -1.38% | 1.57% |
| 2014 | 1.74% | 0.23% | -0.27% | 0.80% | 1.17% | 0.15% | -0.34% | 0.74% | -0.44% | 1.04% | 0.58% | -1.30% | 4.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MFAAX is 64, indicating average performance compared to other mutual funds on our website. Here’s 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.
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Dividends
Dividend History
American Funds Mortgage Fund provided a 4.39% dividend yield over the last twelve months, with an annual payout of $0.38 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 | $0.38 | $0.39 | $0.35 | $0.16 | $0.03 | $0.45 | $0.31 | $0.18 | $0.15 | $0.24 | $0.34 | $0.20 |
Dividend yield | 4.39% | 4.49% | 3.90% | 1.82% | 0.34% | 4.38% | 3.05% | 1.77% | 1.46% | 2.34% | 3.31% | 1.92% |
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 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 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 | $0.03 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.35 | $0.45 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.10 | $0.31 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $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 | $0.03 | $0.15 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.09 | $0.24 |
| 2015 | $0.10 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 | $0.34 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 | $0.20 |
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.
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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 7.69%.
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 chart below shows the rolling one-month volatility.
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