American Funds Mortgage Fund Class R-6 (RMAGX)

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American Funds Mortgage Fund Class R-6 (RMAGX) is down 0.1% since the beginning of the year. RMAGX is currently trading at $9 per share. Investors who bought $1,000 worth of RMAGX shares 5 years ago would now be looking at an investment worth $1,023.

American Funds Mortgage Fund Class R-6 (RMAGX) has returned -0.08% so far this year and 5.75% over the past 12 months. Over the last ten years, RMAGX has returned 1.60% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 3, 2011, RMAGX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Sep 2022 at -4.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, RMAGX closed higher 40% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Apr 10, 2024 at -1.6%.

American Funds Mortgage Fund Class R-6 has an annualized alpha of 2.39%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 04, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.25%) than losses (5.53%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RMAGX has an expense ratio of 0.26%, which is considered low.

RMAGX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for American Funds Mortgage Fund Class R-6 (RMAGX) and compare them to S&P 500 Index.

American Funds Mortgage Fund Class R-6 provided a 4.60% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

The table displays the monthly dividend distributions for American Funds Mortgage Fund Class R-6. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the American Funds Mortgage Fund Class R-6. 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 Class R-6 was 15.93%, occurring on Oct 19, 2023. Recovery took 471 trading sessions.

The current American Funds Mortgage Fund Class R-6 drawdown is 1.79%.

The chart below shows the rolling one-month volatility.