AMERICAN FUNDS MORTGAGE FUND (0001496998) (Filer)
SEC · EDGAR 财务披露 · October 30, 2026 at 1:20 PM ET
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-22449
American Funds Mortgage Fund
(Exact name of registrant as specified in charter)
6455 Irvine Center Drive
Irvine, California 92618
(Address of principal executive offices)
Becky L. Park
6455 Irvine Center Drive
Irvine, California 92618
(Name and address of agent for service)
Registrant's telephone number, including area code:
(949) 975-5000
Date of fiscal year end:
August 31
Date of reporting period:
August 31, 2026
ITEM 1 - Reports to Stockholders
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class A
|
MFAAX
for the year ended August 31,
2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-A. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class A | $ 68 | 0.68 % |
Management's discussion of fund performance
The fund’s Class A shares gained 1.14% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-A.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class A (with sales charge) * | (2.65 ) % | (0.76 ) % | 0.85 % |
| American Funds Mortgage Fund — Class A (without sales charge) * | 1.14 % | 0.01 % | 1.23 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-A or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information
is available at
capitalgroup.com/mutual-fund-literature-A
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the
same
address (householding). If you would prefer that your documents not be
householded
, please contact
Capital
Group at
(800) 421-4225
,
or
contact your financial
intermediary
. Your instructions will typically be effective within
30
days of receipt by Capital Group
or
your financial
intermediary
.
Lit. No. MFAAARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class C
| MFACX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-C. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class C | $ 142 | 1.42 % |
Management's discussion of fund performance
The fund’s Class C shares gained 0.48% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-C.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class C (with sales charge) * | (0.50 ) % | (0.71 ) % | 0.62 % |
| American Funds Mortgage Fund — Class C (without sales charge) * | 0.48 % | (0.71 ) % | 0.62 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-C or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-C
.
Important information
To reduce fund expenses, only one copy of most shareholder documents
wil
l be mailed to shareholders with multiple accounts
at
the
same
address (householding). If you would prefer that your documents
not
be householded, please contact Capital Group
at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFCCARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class F-1
| MFAEX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F1. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class F-1 | $ 65 | 0.65 % |
Management's discussion of fund performance
The fund’s Class F-1 shares gained 1.29% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F1.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class F-1 * | 1.29 % | 0.08 % | 1.27 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-F1 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F1
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the
same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your
instructions
will typically be effective within 30 days of receipt by Capital Group or
your
financial intermediary.
Lit. No. MFF1ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class F-2
| MFAFX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F2. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class F-2 | $ 39 | 0.39 % |
Management's discussion of fund performance
The fund’s Class F-2 shares gained 1.56% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F2.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class F-2 * | 1.56 % | 0.34 % | 1.54 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
When
applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-F2 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F2
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the
same
address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFF2ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class F-3
| AFFMX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-F3. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class |
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
| Class F-3 | $ 27 |
0.27 % |
Management's discussion of fund performance
The fund’s Class F-3 shares gained 1.68% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-F3.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year |
5 years |
Since inception 1 |
|
| American Funds Mortgage Fund — Class F-3 2 |
1.68 % |
0.45 % |
1.73 % |
| Bloomberg U.S. Aggregate Index 3 |
1.89 % |
(0.29 ) % |
1.78 % |
| Bloomberg U.S. Mortgage Backed Securities Index 3 |
3.02 % |
0.22 % |
1.51 % |
1
Class F-3 shares were first offered on January 27, 2017.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When
applicable
, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions |
556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-F3 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-F3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group
at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group
or
your financial intermediary.
Lit. No. MFF3ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class 529-A
| CMFAX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529A. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class |
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
| Class 529-A | $ 69 |
0.69 % |
Management's discussion of fund performance
The fund’s Class 529-A shares gained 1.13% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529A.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.
Average annual total returns
1 year |
5 years |
10 years |
|
| American Funds Mortgage Fund — Class 529-A (with sales charge) * |
(2.41 ) % |
(0.71 ) % |
0.85 % |
| American Funds Mortgage Fund — Class 529-A (without sales charge) * |
1.13 % |
0.00 % |
1.21 % |
| Bloomberg U.S. Aggregate Index † |
1.89 % |
(0.29 ) % |
1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † |
3.02 % |
0.22 % |
1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions |
556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-529A or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529A
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed
to
shareholders
with
multiple accounts
at
the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group
or
your financial intermediary.
Lit. No. MF5AARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class 529-C
| CMFCX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529C. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class 529-C | $ 146 | 1.46 % |
Management's discussion of fund performance
The fund’s Class 529-C shares gained 0.43% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529C.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class 529-C (with sales charge) * | (0.54 ) % | (0.76 ) % | 0.82 % |
| American Funds Mortgage Fund — Class 529-C (without sales charge) * | 0.43 % | (0.76 ) % | 0.82 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-529C or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529C
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at
the
same address (householding). If you would prefer that your documents not be householded, please contact Capital Group
at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt
by
Capital Group or your financial intermediary.
Lit. No. MF5CARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class 529-E
| CMFEX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529E. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class 529-E | $ 91 | 0.91 % |
Management's discussion of fund performance
The fund’s Class 529-E shares gained 1.02% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529E.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class 529-E * | 1.02 % | (0.19 ) % | 0.99 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and
reflect
applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-529E or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529E
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt
by
Capital Group or your financial intermediary.
Lit. No. MF5EARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class 529-F-2
| FFMFX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529F2. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class 529-F-2 | $ 41 | 0.41 % |
Management's discussion of fund performance
The fund’s Class 529-F-2 shares gained 1.53% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529F2.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | Since inception 1 | |
| American Funds Mortgage Fund — Class 529-F-2 2 | 1.53 % | 0.31 % | 0.33 % |
| Bloomberg U.S. Aggregate Index 3 | 1.89 % | (0.29 ) % | (0.17 ) % |
| Bloomberg U.S. Mortgage Backed Securities Index 3 | 3.02 % | 0.22 % | 0.19 % |
1
Class 529-F-2 shares were first offered on October 30, 2020.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-529F2 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529F2
.
Important information
To reduce fund expenses, only one
copy
of
most
shareholder documents will be mailed to shareholders with multiple accounts
a
t the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group
or
your financial intermediary.
Lit. No. MF5XARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class 529-F-3
| FMMFX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-529F3. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class 529-F-3 | $ 30 | 0.30 % |
Management's discussion of fund performance
The fund’s Class 529-F-3 shares gained 1.64% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-529F3.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | Since inception 1 | |
| American Funds Mortgage Fund — Class 529-F-3 2 | 1.64 % | 0.41 % | 0.44 % |
| Bloomberg U.S. Aggregate Index 3 | 1.89 % | (0.29 ) % | (0.17 ) % |
| Bloomberg U.S. Mortgage Backed Securities Index 3 | 3.02 % | 0.22 % | 0.19 % |
1
Class 529-F-3 shares were first offered on October 30, 2020.
2
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
3
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-529F3 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-529F3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at
the
same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically
be
effective within
30
days of receipt by Capital Group or your financial intermediary.
Lit. No. MF5YARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-1
| RMAAX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R1. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-1 | $ 139 | 1.39 % |
Management's discussion of fund performance
The fund’s Class R-1 shares gained 0.51% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R1.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-1 * | 0.51 % | (0.67 ) % | 0.50 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R1 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R1
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders
with
multiple accounts at
the
same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be
effective
within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR1ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-2
| RMABX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R2. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-2 | $ 136 | 1.36 % |
Management's discussion of fund performance
The fund’s Class R-2 shares gained 0.54% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R2.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-2 * | 0.54 % | (0.65 ) % | 0.53 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R2 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R2
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your
financial
intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR2ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-2E
| RMBEX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R2E. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-2E | $ 98 | 0.98 % |
Management's discussion of fund performance
The fund’s Class R-2E shares gained 0.95% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R2E.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-2E * | 0.95 % | (0.30 ) % | 0.88 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R2E or upon request at (800) 421-4225.
Advisory Fee Structure Changes
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Operating Expense Ratio Change
The total annual operating expense ratio for Class R2-E shares decreased from 1.04% to 0.98% during the reporting period. The decrease was primarily due to a decrease in transfer agent fees driven by changes in net assets and the number of shareholder accounts serviced.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R2E
.
Important information
To reduce fund
expenses
, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts
at
the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MF2EARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-3
| RMACX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R3. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-3 | $ 93 | 0.93 % |
Management's discussion of fund performance
The fund’s Class R-3 shares gained 0.86% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R3.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-3 * | 0.86 % | (0.24 ) % | 0.94 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and
reflect
applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R3 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R3
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR3ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-4
| RMAEX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R4. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-4 | $ 62 | 0.62 % |
Management's discussion of fund performance
The fund’s Class R-4 shares gained 1.31% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R4.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-4 * | 1.31 % | 0.09 % | 1.29 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R4 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R4
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR4ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-5E
| RMAHX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R5E. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-5E | $ 42 | 0.42 % |
Management's discussion of fund performance
The fund’s Class R-5E shares gained 1.52% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R5E.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-5E * | 1.52 % | 0.31 % | 1.51 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R5E or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R5E
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFE5ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-5
| RMAFX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R5. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-5 | $ 33 | 0.33 % |
Management's discussion of fund performance
The fund’s Class R-5 shares gained 1.61% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R5.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-5 * | 1.61 % | 0.39 % | 1.59 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R5 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R5
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR5ARX-042-1026 © 2026 Capital Group. All rights reserved.
ANNUAL SHAREHOLDER REPORT
American Funds Mortgage Fund®
Class R-6
| RMAGX
for the year ended August 31, 2026
This annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to August 31, 2026. You can find additional information about the fund at capitalgroup.com/mutual-fund-literature-R6. You can also request this information by contacting us at (800) 421-4225.
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Share class | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Class R-6 | $ 27 | 0.27 % |
Management's discussion of fund performance
The fund’s Class R-6 shares gained 1.56% for the year ended August 31, 2026. That result compares with a 3.02% gain for the Bloomberg U.S. Mortgage Backed Securities Index. For information on returns for additional periods, including the fund lifetime, please refer to capitalgroup.com/mutual-fund-returns-R6.
What factors influenced results
During the fund’s fiscal year ending August 31, 2026, most U.S. fixed income sectors posted modestly positive returns, with spreads near the lower end of their 10-year range. The U.S. economy remained resilient, although a softening labor market prompted the Federal Reserve to implement three 25-basis-point rate cuts in 2025, however, no further changes were made thereafter in 2026. Short-term Treasury yields were mixed, while intermediate- and long-term yields increased. Long-term yields remained elevated amid persistent inflation concerns and increased government borrowing. U.S. mortgage-back bonds outpaced the broad fixed income market, according to the Bloomberg U.S. Aggregate Index, as well as other government and investment-grade credit sectors.
Within the fund, sector allocation decisions related to securitized bonds contributed to relative results. Exposure taken via interest rate swaps was also additive for the period as Treasuries came under severe pressure in 2026 amid surging yields that tested multi-year highs.
Broadly speaking, curve and duration positioning were the largest detractors for the fund as interest rates rose and the yield curve flattened. Additionally, sector and security selection weighed on returns at the margin over the period.
How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.
Average annual total returns
1 year | 5 years | 10 years | |
| American Funds Mortgage Fund — Class R-6 * | 1.56 % | 0.43 % | 1.65 % |
| Bloomberg U.S. Aggregate Index † | 1.89 % | (0.29 ) % | 1.40 % |
| Bloomberg U.S. Mortgage Backed Securities Index † | 3.02 % | 0.22 % | 1.26 % |
*
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.
†
Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): Bloomberg Index Services Ltd.
The fund’s past performance is not a predictor of its future performance.
The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
Key fund statistics
| Fund net assets (in millions) | $ 12,915 |
| Total number of portfolio holdings | 1,189 |
| Total advisory fees paid (in millions) | $ 29 |
| Portfolio turnover rate including mortgage dollar roll transactions | 556 % |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 62 % |
Portfolio holdings by asset type (percent of net assets)
*Includes derivatives.
Material fund changes
This is a summary of certain changes to the fund since September 1, 2025. For more complete information, you may review the fund’s next prospectus, which we expect to be available by November 1, 2026 at capitalgroup.com/mutual-fund-literature-R6 or upon request at (800) 421-4225.
On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026.
Availability of additional information
Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at
capitalgroup.com/mutual-fund-literature-R6
.
Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at
(800) 421-4225
,
or
contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.
Lit. No. MFR6ARX-042-1026 © 2026 Capital Group. All rights reserved.
ITEM 2 - Code of Ethics
The Registrant has adopted a Code of Ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer and principal accounting officer, or persons performing similar functions. A copy of the code of ethics is available without charge at https://www.capitalgroup.com/individual/pdf/shareholder/cg_code_of_ethics.pdf.
ITEM 3 - Audit Committee Financial Expert
The Registrant's board has determined that Leslie Stone Heisz, a member of the Registrant's audit committee, is an "audit committee financial expert" and "independent," as such terms are defined in this Item. This designation will not increase the designee's duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant's financial statements and condition.
ITEM 4 - Principal Accountant Fees and Services
Registrant1 |
(a) Audit Fees |
(b) Audit-Related Fees |
(c) Tax Fees |
(d) All Other Fees |
August 31, 2026 |
90,000 |
None |
9,000 |
None |
August 31, 2025 |
89,000 |
None |
9,000 |
None |
Adviser and Affiliates2 |
||||
August 31, 2026 |
Not Applicable |
None |
None |
None |
August 31, 2025 |
Not Applicable |
None |
None |
None |
(g) Aggregate |
|
Registrant, Adviser and Affiliates3 |
non-audit fees |
August 31, 2026 |
9,000 |
August 31, 2025 |
9,000 |
1The audit fees represents fees billed for professional services rendered for the audit and review of the Registrant's annual financial statements. The audit-related fees represents fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Registrant's financial statements, but not reported under "audit fees". The tax fees consist of professional services relating to the preparation of the Registrant’s tax returns. The other fees represents fees, if any, billed for other products and services rendered by the principal accountant to the Registrant other than those reported under the "audit fees", "audit-related fees", and "tax fees".
2This includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below. The audit- related fees consist of assurance and related services relating to the examination of the Registrant’s transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants. The tax fees consist of consulting services relating to the Registrant’s investments. The other fees consist of subscription services related to an accounting research tool.
3Aggregate non-audit fees paid to the Registrant’s auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors’ independence.
(e1)(e2)(h) All audit and permissible non-audit services that the Registrant’s audit committee considers compatible with maintaining the independent registered public accounting firm’s independence are required to be pre-approved by the committee. The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services. Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre-approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.
(f)Not applicable.
(i)Not applicable.
(j)Not applicable.
ITEM 5 - Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.
ITEM 6 - Investments
The Investment Portfolio is included as part of the material filed under Item 7 of this Form.
ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies
American Funds Mortgage Fund®
Financial Statements and Other Information
N-CSR Items 7-11
for the year ended August 31, 2026
Lit. No. MFGEFP4-042-1026 © 2026 Capital Group. All rights reserved.
Investment portfolio August 31, 2026
|
Bonds, notes & other debt instruments 73.72% |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations 63.17% |
||||
|
Federal agency mortgage-backed obligations 62.10% |
||||
|
Fannie Mae Pool #928689 6.50% 9/1/2027 (a) |
USD— (b) |
$— (b) |
||
|
Fannie Mae Pool #AD0838 6.50% 10/1/2027 (a) |
— (b) |
— (b) |
||
|
Fannie Mae Pool #928957 6.50% 12/1/2027 (a) |
— (b) |
— (b) |
||
|
Fannie Mae Pool #AL9724 6.50% 2/1/2028 (a) |
— (b) |
— (b) |
||
|
Fannie Mae Pool #AY1948 3.50% 1/1/2030 (a) |
19 |
19 |
||
|
Fannie Mae Pool #AZ0554 3.50% 10/1/2030 (a) |
33 |
32 |
||
|
Fannie Mae Pool #613025 6.50% 7/1/2031 (a) |
3 |
3 |
||
|
Fannie Mae Pool #BJ4876 3.00% 2/1/2033 (a) |
208 |
199 |
||
|
Fannie Mae Pool #BJ4856 3.00% 2/1/2033 (a) |
53 |
51 |
||
|
Fannie Mae Pool #BM3919 3.00% 2/1/2033 (a) |
4 |
4 |
||
|
Fannie Mae Pool #695412 5.00% 6/1/2033 (a) |
1 |
1 |
||
|
Fannie Mae Pool #CA2106 3.50% 7/1/2033 (a) |
5 |
5 |
||
|
Fannie Mae Pool #MA1640 2.50% 9/1/2033 (a) |
351 |
330 |
||
|
Fannie Mae Pool #AU7556 3.00% 9/1/2033 (a) |
226 |
210 |
||
|
Fannie Mae Pool #BJ9000 3.50% 11/1/2033 (a) |
59 |
56 |
||
|
Fannie Mae Pool #BO6247 2.50% 12/1/2034 (a) |
2,673 |
2,484 |
||
|
Fannie Mae Pool #FM2499 2.50% 2/1/2035 (a) |
5,235 |
4,865 |
||
|
Fannie Mae Pool #745001 6.50% 9/1/2035 (a) |
10 |
11 |
||
|
Fannie Mae Pool #AD3566 5.00% 10/1/2035 (a) |
8 |
8 |
||
|
Fannie Mae Pool #AS7224 4.00% 5/1/2036 (a) |
930 |
893 |
||
|
Fannie Mae Pool #MA2630 4.00% 5/1/2036 (a) |
165 |
158 |
||
|
Fannie Mae Pool #MA2717 4.00% 8/1/2036 (a) |
796 |
764 |
||
|
Fannie Mae Pool #MA2746 4.00% 9/1/2036 (a) |
1,579 |
1,514 |
||
|
Fannie Mae Pool #MA2787 4.00% 10/1/2036 (a) |
378 |
362 |
||
|
Fannie Mae Pool #CB2247 2.50% 11/1/2036 (a) |
2,590 |
2,390 |
||
|
Fannie Mae Pool #MA2819 4.00% 11/1/2036 (a) |
732 |
702 |
||
|
Fannie Mae Pool #801783 6.50% 2/1/2037 (a) |
4 |
4 |
||
|
Fannie Mae Pool #CB3701 2.50% 5/1/2037 (a) |
20 |
18 |
||
|
Fannie Mae Pool #MA4665 2.50% 7/1/2037 (a) |
591 |
545 |
||
|
Fannie Mae Pool #MA3099 4.00% 8/1/2037 (a) |
1,072 |
1,026 |
||
|
Fannie Mae Pool #MA4773 2.50% 10/1/2037 (a) |
167 |
154 |
||
|
Fannie Mae Pool #MA3186 4.00% 11/1/2037 (a) |
2,254 |
2,153 |
||
|
Fannie Mae Pool #931768 5.00% 8/1/2039 (a) |
12 |
12 |
||
|
Fannie Mae Pool #AC0794 5.00% 10/1/2039 (a) |
47 |
47 |
||
|
Fannie Mae Pool #AD1823 5.00% 2/1/2040 (a) |
363 |
350 |
||
|
Fannie Mae Pool #932606 5.00% 2/1/2040 (a) |
22 |
22 |
||
|
Fannie Mae Pool #BQ7816 1.50% 4/1/2041 (a) |
15,931 |
13,296 |
||
|
Fannie Mae Pool #BR0986 1.50% 5/1/2041 (a) |
20,114 |
16,782 |
||
|
Fannie Mae Pool #AE1248 5.00% 6/1/2041 (a) |
99 |
98 |
||
|
Fannie Mae Pool #MA4387 2.00% 7/1/2041 (a) |
268 |
230 |
||
|
Fannie Mae Pool #MA4388 2.50% 7/1/2041 (a) |
5,266 |
4,642 |
||
|
Fannie Mae Pool #MA4447 2.50% 10/1/2041 (a) |
11,112 |
9,772 |
||
|
Fannie Mae Pool #FM9117 2.50% 10/1/2041 (a) |
6,536 |
5,751 |
||
|
Fannie Mae Pool #AJ1873 4.00% 10/1/2041 (a) |
43 |
41 |
||
|
Fannie Mae Pool #AE1277 5.00% 11/1/2041 (a) |
41 |
41 |
||
|
Fannie Mae Pool #MA4502 2.50% 12/1/2041 (a) |
12,564 |
11,038 |
||
|
Fannie Mae Pool #AE1283 5.00% 12/1/2041 (a) |
18 |
18 |
||
|
Fannie Mae Pool #MA4521 2.50% 1/1/2042 (a) |
15,905 |
13,967 |
||
|
Fannie Mae Pool #MA4540 2.00% 2/1/2042 (a) |
5,812 |
4,960 |
||
|
Fannie Mae Pool #AE1290 5.00% 2/1/2042 (a) |
58 |
58 |
||
|
Fannie Mae Pool #MA4570 2.00% 3/1/2042 (a) |
7,335 |
6,256 |
||
|
Fannie Mae Pool #MA4586 2.00% 4/1/2042 (a) |
2,049 |
1,747 |
||
|
Fannie Mae Pool #AR1512 3.50% 1/1/2043 (a) |
99 |
92 |
||
|
Fannie Mae Pool #AT0412 3.50% 3/1/2043 (a) |
47 |
43 |
||
|
Fannie Mae Pool #AT0300 3.50% 3/1/2043 (a) |
14 |
13 |
||
|
Fannie Mae Pool #AT7457 3.025% 4/1/2043 (a) |
149 |
134 |
||
|
Fannie Mae Pool #AT3954 3.50% 4/1/2043 (a) |
21 |
20 |
||
|
Fannie Mae Pool #AT7470 2.275% 5/1/2043 (a) |
87 |
73 |
||
|
Fannie Mae Pool #AT5898 3.00% 6/1/2043 (a) |
2,329 |
2,089 |
||
|
Fannie Mae Pool #AL3829 3.50% 6/1/2043 (a) |
922 |
851 |
||
|
Fannie Mae Pool #AT7161 3.50% 6/1/2043 (a) |
309 |
285 |
||
|
Fannie Mae Pool #AU8120 2.275% 7/1/2043 (a) |
63 |
52 |
||
|
1 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #AU8121 2.275% 8/1/2043 (a) |
USD78 |
$65 |
||
|
Fannie Mae Pool #MA1583 4.00% 9/1/2043 (a) |
1,442 |
1,360 |
||
|
Fannie Mae Pool #AX8521 3.50% 12/1/2044 (a) |
66 |
60 |
||
|
Fannie Mae Pool #AY1829 3.50% 12/1/2044 (a) |
25 |
23 |
||
|
Fannie Mae Pool #BE5009 3.50% 1/1/2045 (a) |
277 |
254 |
||
|
Fannie Mae Pool #BE5017 3.50% 2/1/2045 (a) |
508 |
465 |
||
|
Fannie Mae Pool #MA5696 7.00% 3/1/2045 (a) |
209 |
219 |
||
|
Fannie Mae Pool #FM9416 3.50% 7/1/2045 (a) |
881 |
806 |
||
|
Fannie Mae Pool #BC0884 3.00% 5/1/2046 (a) |
330 |
291 |
||
|
Fannie Mae Pool #MA6114 6.50% 5/1/2046 (a) |
2,095 |
2,165 |
||
|
Fannie Mae Pool #AS8310 3.00% 11/1/2046 (a) |
566 |
500 |
||
|
Fannie Mae Pool #BD2440 3.50% 1/1/2047 (a) |
274 |
248 |
||
|
Fannie Mae Pool #FS3767 2.00% 4/1/2047 (a) |
5,894 |
4,699 |
||
|
Fannie Mae Pool #BM1179 3.00% 4/1/2047 (a) |
691 |
609 |
||
|
Fannie Mae Pool #MA3002 4.50% 4/1/2047 (a) |
555 |
522 |
||
|
Fannie Mae Pool #BE8740 3.50% 5/1/2047 (a) |
225 |
205 |
||
|
Fannie Mae Pool #BE8742 3.50% 5/1/2047 (a) |
60 |
55 |
||
|
Fannie Mae Pool #BH2846 3.50% 5/1/2047 (a) |
34 |
31 |
||
|
Fannie Mae Pool #BH2848 3.50% 5/1/2047 (a) |
30 |
27 |
||
|
Fannie Mae Pool #BH2847 3.50% 5/1/2047 (a) |
9 |
8 |
||
|
Fannie Mae Pool #BH3122 4.00% 6/1/2047 (a) |
12 |
11 |
||
|
Fannie Mae Pool #BJ5015 4.00% 12/1/2047 (a) |
560 |
521 |
||
|
Fannie Mae Pool #BJ4901 3.50% 3/1/2048 (a) |
165 |
149 |
||
|
Fannie Mae Pool #BK5232 4.00% 5/1/2048 (a) |
137 |
128 |
||
|
Fannie Mae Pool #BK6840 4.00% 6/1/2048 (a) |
455 |
423 |
||
|
Fannie Mae Pool #BK9743 4.00% 8/1/2048 (a) |
59 |
55 |
||
|
Fannie Mae Pool #BK9761 4.50% 8/1/2048 (a) |
73 |
70 |
||
|
Fannie Mae Pool #CA2850 4.00% 12/1/2048 (a) |
844 |
786 |
||
|
Fannie Mae Pool #BF0320 5.50% 1/1/2049 (a) |
1,338 |
1,360 |
||
|
Fannie Mae Pool #FM3280 3.50% 5/1/2049 (a) |
232 |
212 |
||
|
Fannie Mae Pool #FM1062 3.50% 6/1/2049 (a) |
3,412 |
3,086 |
||
|
Fannie Mae Pool #BN6708 3.50% 6/1/2049 (a) |
906 |
818 |
||
|
Fannie Mae Pool #BJ8411 3.50% 8/1/2049 (a) |
867 |
783 |
||
|
Fannie Mae Pool #CA4151 3.50% 9/1/2049 (a) |
4,478 |
4,057 |
||
|
Fannie Mae Pool #FM1443 3.50% 9/1/2049 (a) |
2,489 |
2,250 |
||
|
Fannie Mae Pool #CA5575 4.00% 4/1/2050 (a) |
18 |
17 |
||
|
Fannie Mae Pool #BP3259 3.00% 5/1/2050 (a) |
17 |
15 |
||
|
Fannie Mae Pool #CA5968 2.50% 6/1/2050 (a) |
1,108 |
925 |
||
|
Fannie Mae Pool #BP5576 2.50% 6/1/2050 (a) |
372 |
305 |
||
|
Fannie Mae Pool #CA6168 2.50% 6/1/2050 (a) |
21 |
17 |
||
|
Fannie Mae Pool #FM6649 3.00% 7/1/2050 (a) |
414 |
354 |
||
|
Fannie Mae Pool #FS3745 2.00% 8/1/2050 (a) |
7,600 |
6,016 |
||
|
Fannie Mae Pool #CA6987 2.00% 9/1/2050 (a) |
1,869 |
1,465 |
||
|
Fannie Mae Pool #BP6715 2.00% 9/1/2050 (a) |
1 |
1 |
||
|
Fannie Mae Pool #FP0015 2.50% 9/1/2050 (a) |
4 |
4 |
||
|
Fannie Mae Pool #CA7052 3.00% 9/1/2050 (a) |
421 |
364 |
||
|
Fannie Mae Pool #FM4591 2.50% 10/1/2050 (a) |
14,261 |
11,670 |
||
|
Fannie Mae Pool #FM4870 2.00% 11/1/2050 (a) |
32 |
25 |
||
|
Fannie Mae Pool #CA7737 2.50% 11/1/2050 (a) |
33,407 |
27,713 |
||
|
Fannie Mae Pool #BQ7564 2.50% 11/1/2050 (a) |
56 |
46 |
||
|
Fannie Mae Pool #CA8108 2.00% 12/1/2050 (a) |
11,751 |
9,294 |
||
|
Fannie Mae Pool #MA4208 2.00% 12/1/2050 (a) |
808 |
639 |
||
|
Fannie Mae Pool #BQ9291 2.00% 12/1/2050 (a) |
762 |
597 |
||
|
Fannie Mae Pool #FM5218 2.00% 12/1/2050 (a) |
744 |
583 |
||
|
Fannie Mae Pool #FM4783 2.00% 12/1/2050 (a) |
275 |
215 |
||
|
Fannie Mae Pool #BQ4077 2.00% 12/1/2050 (a) |
140 |
109 |
||
|
Fannie Mae Pool #CA8044 2.50% 12/1/2050 (a) |
24,363 |
20,211 |
||
|
Fannie Mae Pool #FS9792 4.50% 12/1/2050 (a) |
132 |
126 |
||
|
Fannie Mae Pool #BR1283 2.00% 1/1/2051 (a) |
1,394 |
1,091 |
||
|
Fannie Mae Pool #MA4237 2.00% 1/1/2051 (a) |
711 |
562 |
||
|
Fannie Mae Pool #CA8517 2.00% 1/1/2051 (a) |
47 |
37 |
||
|
Fannie Mae Pool #CA8862 2.50% 1/1/2051 (a) |
27,545 |
22,911 |
||
|
Fannie Mae Pool #FS2008 3.00% 1/1/2051 (a) |
239 |
204 |
||
|
Fannie Mae Pool #CA8820 2.00% 2/1/2051 (a) |
24,836 |
19,660 |
||
|
Fannie Mae Pool #FM6332 2.00% 2/1/2051 (a) |
835 |
654 |
||
|
Fannie Mae Pool #FM6112 2.50% 2/1/2051 (a) |
25,164 |
20,860 |
||
|
American Funds Mortgage Fund |
2 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #CA8828 2.50% 2/1/2051 (a) |
USD23,132 |
$19,175 |
||
|
Fannie Mae Pool #FM6128 2.50% 2/1/2051 (a) |
398 |
325 |
||
|
Fannie Mae Pool #FM6558 2.00% 3/1/2051 (a) |
3,722 |
2,912 |
||
|
Fannie Mae Pool #FS6474 2.00% 3/1/2051 (a) |
1,936 |
1,516 |
||
|
Fannie Mae Pool #FM6556 2.00% 3/1/2051 (a) |
482 |
377 |
||
|
Fannie Mae Pool #BR3319 2.00% 3/1/2051 (a) |
30 |
23 |
||
|
Fannie Mae Pool #BQ9471 2.50% 3/1/2051 (a) |
3,230 |
2,642 |
||
|
Fannie Mae Pool #BQ7729 2.50% 3/1/2051 (a) |
670 |
549 |
||
|
Fannie Mae Pool #CB0290 2.00% 4/1/2051 (a) |
5,438 |
4,299 |
||
|
Fannie Mae Pool #FM7210 2.00% 4/1/2051 (a) |
1,375 |
1,076 |
||
|
Fannie Mae Pool #BR7124 2.00% 4/1/2051 (a) |
958 |
750 |
||
|
Fannie Mae Pool #CB0153 2.00% 4/1/2051 (a) |
277 |
217 |
||
|
Fannie Mae Pool #FM6824 2.00% 4/1/2051 (a) |
144 |
112 |
||
|
Fannie Mae Pool #MA4305 2.00% 4/1/2051 (a) |
38 |
30 |
||
|
Fannie Mae Pool #FM6965 2.50% 4/1/2051 (a) |
1,656 |
1,356 |
||
|
Fannie Mae Pool #BR8501 2.50% 4/1/2051 (a) |
366 |
300 |
||
|
Fannie Mae Pool #BR8460 2.50% 4/1/2051 (a) |
346 |
283 |
||
|
Fannie Mae Pool #CB0041 3.00% 4/1/2051 (a) |
4,551 |
3,956 |
||
|
Fannie Mae Pool #FM7071 3.00% 4/1/2051 (a) |
886 |
757 |
||
|
Fannie Mae Pool #CB0381 2.00% 5/1/2051 (a) |
5,650 |
4,422 |
||
|
Fannie Mae Pool #FM7751 2.00% 5/1/2051 (a) |
700 |
548 |
||
|
Fannie Mae Pool #FM7411 2.00% 5/1/2051 (a) |
116 |
91 |
||
|
Fannie Mae Pool #BR1035 2.00% 5/1/2051 (a) |
23 |
18 |
||
|
Fannie Mae Pool #CB0457 2.50% 5/1/2051 (a) |
4,160 |
3,448 |
||
|
Fannie Mae Pool #FM7304 2.50% 5/1/2051 (a) |
4,107 |
3,363 |
||
|
Fannie Mae Pool #CB0455 2.50% 5/1/2051 (a) |
650 |
537 |
||
|
Fannie Mae Pool #FM7409 2.50% 5/1/2051 (a) |
77 |
63 |
||
|
Fannie Mae Pool #FM8114 2.00% 6/1/2051 (a) |
6,584 |
5,152 |
||
|
Fannie Mae Pool #CB0844 2.50% 6/1/2051 (a) |
735 |
602 |
||
|
Fannie Mae Pool #CB0737 3.00% 6/1/2051 (a) |
6,329 |
5,465 |
||
|
Fannie Mae Pool #CB0850 3.00% 6/1/2051 (a) |
4,129 |
3,563 |
||
|
Fannie Mae Pool #BT1267 3.00% 6/1/2051 (a) |
24 |
20 |
||
|
Fannie Mae Pool #CB0738 3.00% 6/1/2051 (a) |
18 |
15 |
||
|
Fannie Mae Pool #FS3744 2.00% 7/1/2051 (a) |
22,734 |
17,995 |
||
|
Fannie Mae Pool #CB1186 2.00% 7/1/2051 (a) |
9,739 |
7,673 |
||
|
Fannie Mae Pool #FM7943 2.00% 7/1/2051 (a) |
677 |
530 |
||
|
Fannie Mae Pool #FM7900 2.50% 7/1/2051 (a) |
1,766 |
1,474 |
||
|
Fannie Mae Pool #CB1134 2.50% 7/1/2051 (a) |
1,043 |
854 |
||
|
Fannie Mae Pool #FM9330 3.00% 7/1/2051 (a) |
26,264 |
22,682 |
||
|
Fannie Mae Pool #CB1373 2.00% 8/1/2051 (a) |
881 |
689 |
||
|
Fannie Mae Pool #FM8197 2.00% 8/1/2051 (a) |
448 |
350 |
||
|
Fannie Mae Pool #FM8434 2.00% 8/1/2051 (a) |
22 |
17 |
||
|
Fannie Mae Pool #CB1394 2.50% 8/1/2051 (a) |
375 |
307 |
||
|
Fannie Mae Pool #FM8682 3.00% 8/1/2051 (a) |
332 |
284 |
||
|
Fannie Mae Pool #BT7309 2.00% 9/1/2051 (a) |
1,366 |
1,068 |
||
|
Fannie Mae Pool #CB1527 2.50% 9/1/2051 (a) |
30,404 |
25,175 |
||
|
Fannie Mae Pool #FS1630 2.50% 9/1/2051 (a) |
2,733 |
2,238 |
||
|
Fannie Mae Pool #FM8745 2.50% 9/1/2051 (a) |
140 |
114 |
||
|
Fannie Mae Pool #FA1591 2.00% 10/1/2051 (a) |
94 |
73 |
||
|
Fannie Mae Pool #FM8827 2.00% 10/1/2051 (a) |
61 |
48 |
||
|
Fannie Mae Pool #BT6781 2.50% 10/1/2051 (a) |
680 |
557 |
||
|
Fannie Mae Pool #FM9067 2.50% 10/1/2051 (a) |
546 |
447 |
||
|
Fannie Mae Pool #CA9558 2.50% 10/1/2051 (a) |
54 |
45 |
||
|
Fannie Mae Pool #FM8981 3.00% 10/1/2051 (a) |
23,855 |
20,579 |
||
|
Fannie Mae Pool #FS4628 3.00% 10/1/2051 (a) |
6,042 |
5,194 |
||
|
Fannie Mae Pool #MA4465 2.00% 11/1/2051 (a) |
2,599 |
2,048 |
||
|
Fannie Mae Pool #FS0394 2.00% 11/1/2051 (a) |
1,937 |
1,516 |
||
|
Fannie Mae Pool #FS0965 2.00% 11/1/2051 (a) |
173 |
136 |
||
|
Fannie Mae Pool #FM9492 2.50% 11/1/2051 (a) |
9,335 |
7,799 |
||
|
Fannie Mae Pool #FM9694 2.50% 11/1/2051 (a) |
4,400 |
3,686 |
||
|
Fannie Mae Pool #CB2088 2.50% 11/1/2051 (a) |
95 |
78 |
||
|
Fannie Mae Pool #CB2095 3.00% 11/1/2051 (a) |
8,276 |
7,070 |
||
|
Fannie Mae Pool #CB2096 3.00% 11/1/2051 (a) |
956 |
816 |
||
|
Fannie Mae Pool #FS1069 2.00% 12/1/2051 (a) |
1,917 |
1,499 |
||
|
Fannie Mae Pool #FS0354 2.00% 12/1/2051 (a) |
909 |
710 |
||
|
Fannie Mae Pool #CB2361 2.00% 12/1/2051 (a) |
362 |
283 |
||
|
3 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #FM9930 2.00% 12/1/2051 (a) |
USD73 |
$57 |
||
|
Fannie Mae Pool #FS0433 2.50% 12/1/2051 (a) |
25,955 |
21,840 |
||
|
Fannie Mae Pool #FM9804 2.50% 12/1/2051 (a) |
4,865 |
4,073 |
||
|
Fannie Mae Pool #FM9976 3.00% 12/1/2051 (a) |
6,452 |
5,614 |
||
|
Fannie Mae Pool #FM9921 3.00% 12/1/2051 (a) |
3,756 |
3,208 |
||
|
Fannie Mae Pool #BU9528 3.50% 12/1/2051 (a) |
27 |
24 |
||
|
Fannie Mae Pool #BQ7041 2.00% 1/1/2052 (a) |
6,562 |
5,129 |
||
|
Fannie Mae Pool #BV0465 2.00% 1/1/2052 (a) |
820 |
641 |
||
|
Fannie Mae Pool #FS0490 2.00% 1/1/2052 (a) |
29 |
23 |
||
|
Fannie Mae Pool #FS4203 2.50% 1/1/2052 (a) |
9,237 |
7,565 |
||
|
Fannie Mae Pool #FS6479 2.50% 1/1/2052 (a) |
158 |
130 |
||
|
Fannie Mae Pool #CB2544 3.00% 1/1/2052 (a) |
13,642 |
11,798 |
||
|
Fannie Mae Pool #CB2666 3.00% 1/1/2052 (a) |
9,123 |
7,793 |
||
|
Fannie Mae Pool #CB2667 3.00% 1/1/2052 (a) |
2,501 |
2,137 |
||
|
Fannie Mae Pool #FS5127 3.00% 1/1/2052 (a) |
376 |
321 |
||
|
Fannie Mae Pool #BV3080 2.00% 2/1/2052 (a) |
29,391 |
23,127 |
||
|
Fannie Mae Pool #BV3076 2.00% 2/1/2052 (a) |
8,679 |
6,829 |
||
|
Fannie Mae Pool #CB2765 2.00% 2/1/2052 (a) |
7,375 |
5,829 |
||
|
Fannie Mae Pool #BT6597 2.00% 2/1/2052 (a) |
2,519 |
1,977 |
||
|
Fannie Mae Pool #MA4547 2.00% 2/1/2052 (a) |
1,927 |
1,517 |
||
|
Fannie Mae Pool #FS4251 2.00% 2/1/2052 (a) |
1,889 |
1,506 |
||
|
Fannie Mae Pool #BU8256 2.00% 2/1/2052 (a) |
1,384 |
1,089 |
||
|
Fannie Mae Pool #BT1897 2.00% 2/1/2052 (a) |
860 |
672 |
||
|
Fannie Mae Pool #BU2630 2.00% 2/1/2052 (a) |
555 |
434 |
||
|
Fannie Mae Pool #BT2177 2.00% 2/1/2052 (a) |
547 |
431 |
||
|
Fannie Mae Pool #CB2927 2.00% 2/1/2052 (a) |
326 |
254 |
||
|
Fannie Mae Pool #BU7272 2.00% 2/1/2052 (a) |
105 |
82 |
||
|
Fannie Mae Pool #CB2850 2.00% 2/1/2052 (a) |
34 |
26 |
||
|
Fannie Mae Pool #CB2870 2.50% 2/1/2052 (a) |
396 |
325 |
||
|
Fannie Mae Pool #FS2660 2.50% 2/1/2052 (a) |
85 |
69 |
||
|
Fannie Mae Pool #FS0647 3.00% 2/1/2052 (a) |
1,178 |
1,025 |
||
|
Fannie Mae Pool #CB2894 3.00% 2/1/2052 (a) |
630 |
538 |
||
|
Fannie Mae Pool #BU1319 3.00% 2/1/2052 (a) |
415 |
355 |
||
|
Fannie Mae Pool #BU8803 3.00% 2/1/2052 (a) |
23 |
20 |
||
|
Fannie Mae Pool #BV3101 2.00% 3/1/2052 (a) |
1,552 |
1,221 |
||
|
Fannie Mae Pool #CB3095 2.00% 3/1/2052 (a) |
1,382 |
1,080 |
||
|
Fannie Mae Pool #CB3040 2.00% 3/1/2052 (a) |
817 |
640 |
||
|
Fannie Mae Pool #MA4562 2.00% 3/1/2052 (a) |
772 |
608 |
||
|
Fannie Mae Pool #FS1742 2.00% 3/1/2052 (a) |
758 |
598 |
||
|
Fannie Mae Pool #BT2052 2.00% 3/1/2052 (a) |
154 |
121 |
||
|
Fannie Mae Pool #BV4246 2.00% 3/1/2052 (a) |
30 |
24 |
||
|
Fannie Mae Pool #FS5083 3.00% 3/1/2052 (a) |
1,213 |
1,036 |
||
|
Fannie Mae Pool #BU8882 4.00% 3/1/2052 (a) |
3,936 |
3,622 |
||
|
Fannie Mae Pool #MA4577 2.00% 4/1/2052 (a) |
22,067 |
17,364 |
||
|
Fannie Mae Pool #BU8930 2.00% 4/1/2052 (a) |
3,049 |
2,399 |
||
|
Fannie Mae Pool #BV4658 2.00% 4/1/2052 (a) |
177 |
139 |
||
|
Fannie Mae Pool #FS6892 2.00% 4/1/2052 (a) |
57 |
45 |
||
|
Fannie Mae Pool #BV4651 2.00% 4/1/2052 (a) |
30 |
23 |
||
|
Fannie Mae Pool #FA3738 2.50% 4/1/2052 (a) |
19,354 |
15,832 |
||
|
Fannie Mae Pool #CB3353 2.50% 4/1/2052 (a) |
85 |
70 |
||
|
Fannie Mae Pool #BQ7487 3.00% 4/1/2052 (a) |
949 |
811 |
||
|
Fannie Mae Pool #FS4198 3.00% 4/1/2052 (a) |
433 |
370 |
||
|
Fannie Mae Pool #CB3379 4.00% 4/1/2052 (a) |
4,268 |
3,930 |
||
|
Fannie Mae Pool #BU8948 4.00% 4/1/2052 (a) |
35 |
32 |
||
|
Fannie Mae Pool #FS9189 2.00% 5/1/2052 (a) |
4,293 |
3,388 |
||
|
Fannie Mae Pool #BV9643 2.00% 5/1/2052 (a) |
1,883 |
1,480 |
||
|
Fannie Mae Pool #BT2353 2.00% 5/1/2052 (a) |
99 |
77 |
||
|
Fannie Mae Pool #BV5578 3.00% 5/1/2052 (a) |
8,390 |
7,175 |
||
|
Fannie Mae Pool #BV7243 3.00% 5/1/2052 (a) |
3,096 |
2,648 |
||
|
Fannie Mae Pool #FS7060 3.00% 5/1/2052 (a) |
850 |
726 |
||
|
Fannie Mae Pool #CB3516 3.00% 5/1/2052 (a) |
30 |
25 |
||
|
Fannie Mae Pool #CB3678 4.00% 5/1/2052 (a) |
216 |
198 |
||
|
Fannie Mae Pool #FS6605 2.00% 6/1/2052 (a) |
2,882 |
2,255 |
||
|
Fannie Mae Pool #FS6031 2.00% 6/1/2052 (a) |
979 |
766 |
||
|
Fannie Mae Pool #BV7784 2.00% 6/1/2052 (a) |
56 |
44 |
||
|
Fannie Mae Pool #FS6633 3.00% 6/1/2052 (a) |
572 |
489 |
||
|
American Funds Mortgage Fund |
4 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #CB4021 4.00% 6/1/2052 (a) |
USD8,825 |
$8,129 |
||
|
Fannie Mae Pool #MA4750 2.00% 7/1/2052 (a) |
418 |
329 |
||
|
Fannie Mae Pool #FA2839 2.50% 7/1/2052 (a) |
104,166 |
85,319 |
||
|
Fannie Mae Pool #BW3384 3.00% 7/1/2052 (a) |
23 |
20 |
||
|
Fannie Mae Pool #MA4711 5.50% 7/1/2052 (a) |
327 |
327 |
||
|
Fannie Mae Pool #FA2841 3.00% 8/1/2052 (a) |
26,264 |
22,438 |
||
|
Fannie Mae Pool #CB4357 3.00% 8/1/2052 (a) |
968 |
835 |
||
|
Fannie Mae Pool #BW7756 3.00% 8/1/2052 (a) |
22 |
19 |
||
|
Fannie Mae Pool #CB4418 5.50% 8/1/2052 (a) |
346 |
347 |
||
|
Fannie Mae Pool #BW9206 5.50% 8/1/2052 (a) |
148 |
148 |
||
|
Fannie Mae Pool #BW1195 3.00% 9/1/2052 (a) |
3,382 |
2,889 |
||
|
Fannie Mae Pool #FA1404 3.00% 9/1/2052 (a) |
520 |
445 |
||
|
Fannie Mae Pool #BW7713 4.00% 9/1/2052 (a) |
666 |
612 |
||
|
Fannie Mae Pool #CB5378 4.00% 9/1/2052 (a) |
455 |
418 |
||
|
Fannie Mae Pool #BW6230 4.00% 9/1/2052 (a) |
251 |
231 |
||
|
Fannie Mae Pool #CB4620 5.00% 9/1/2052 (a) |
8,536 |
8,331 |
||
|
Fannie Mae Pool #FS3056 2.00% 10/1/2052 (a) |
4,311 |
3,396 |
||
|
Fannie Mae Pool #BW1289 5.50% 10/1/2052 (a) |
2,786 |
2,775 |
||
|
Fannie Mae Pool #BW1243 5.50% 10/1/2052 (a) |
2,493 |
2,483 |
||
|
Fannie Mae Pool #BX1223 5.50% 10/1/2052 (a) |
284 |
283 |
||
|
Fannie Mae Pool #BX1488 5.50% 10/1/2052 (a) |
138 |
138 |
||
|
Fannie Mae Pool #CB5020 5.50% 10/1/2052 (a) |
57 |
57 |
||
|
Fannie Mae Pool #MA4805 4.50% 11/1/2052 (a) |
263 |
249 |
||
|
Fannie Mae Pool #FS3256 6.00% 11/1/2052 (a) |
52 |
53 |
||
|
Fannie Mae Pool #BW1392 3.00% 12/1/2052 (a) |
886 |
757 |
||
|
Fannie Mae Pool #FS3526 4.00% 12/1/2052 (a) |
169 |
155 |
||
|
Fannie Mae Pool #MA4842 5.50% 12/1/2052 (a) |
3,582 |
3,583 |
||
|
Fannie Mae Pool #MA4894 6.00% 1/1/2053 (a) |
21,982 |
22,413 |
||
|
Fannie Mae Pool #BX5931 6.00% 1/1/2053 (a) |
2,992 |
3,050 |
||
|
Fannie Mae Pool #CB5545 6.50% 1/1/2053 (a) |
1,333 |
1,384 |
||
|
Fannie Mae Pool #MA4919 5.50% 2/1/2053 (a) |
5,781 |
5,778 |
||
|
Fannie Mae Pool #BX5097 5.50% 2/1/2053 (a) |
524 |
524 |
||
|
Fannie Mae Pool #BX4108 5.50% 2/1/2053 (a) |
517 |
517 |
||
|
Fannie Mae Pool #FS3759 6.00% 2/1/2053 (a) |
7,365 |
7,557 |
||
|
Fannie Mae Pool #MA4920 6.00% 2/1/2053 (a) |
577 |
586 |
||
|
Fannie Mae Pool #FS4191 5.50% 3/1/2053 (a) |
1,249 |
1,246 |
||
|
Fannie Mae Pool #BX8835 5.50% 3/1/2053 (a) |
691 |
690 |
||
|
Fannie Mae Pool #BX7779 5.50% 3/1/2053 (a) |
666 |
665 |
||
|
Fannie Mae Pool #BX8514 5.50% 3/1/2053 (a) |
604 |
602 |
||
|
Fannie Mae Pool #BX8389 5.50% 3/1/2053 (a) |
351 |
350 |
||
|
Fannie Mae Pool #BX9427 5.50% 3/1/2053 (a) |
176 |
175 |
||
|
Fannie Mae Pool #MA4941 5.50% 3/1/2053 (a) |
32 |
32 |
||
|
Fannie Mae Pool #CB5912 6.00% 3/1/2053 (a) |
5,592 |
5,704 |
||
|
Fannie Mae Pool #MA4942 6.00% 3/1/2053 (a) |
283 |
288 |
||
|
Fannie Mae Pool #BX8781 6.00% 3/1/2053 (a) |
262 |
267 |
||
|
Fannie Mae Pool #MA4979 5.50% 4/1/2053 (a) |
11,128 |
11,114 |
||
|
Fannie Mae Pool #BY2795 5.50% 4/1/2053 (a) |
551 |
551 |
||
|
Fannie Mae Pool #MA4980 6.00% 4/1/2053 (a) |
14,411 |
14,640 |
||
|
Fannie Mae Pool #BX8415 6.00% 4/1/2053 (a) |
140 |
143 |
||
|
Fannie Mae Pool #BW5278 6.00% 4/1/2053 (a) |
44 |
45 |
||
|
Fannie Mae Pool #CB6131 6.50% 4/1/2053 (a) |
12,940 |
13,491 |
||
|
Fannie Mae Pool #CB6106 6.50% 4/1/2053 (a) |
3,941 |
4,112 |
||
|
Fannie Mae Pool #FS4563 5.00% 5/1/2053 (a) |
3,678 |
3,588 |
||
|
Fannie Mae Pool #MA5009 5.00% 5/1/2053 (a) |
3,212 |
3,131 |
||
|
Fannie Mae Pool #MA5010 5.50% 5/1/2053 (a) |
3,519 |
3,515 |
||
|
Fannie Mae Pool #FS4840 5.50% 5/1/2053 (a) |
91 |
91 |
||
|
Fannie Mae Pool #BY0849 5.50% 5/1/2053 (a) |
21 |
21 |
||
|
Fannie Mae Pool #MA5011 6.00% 5/1/2053 (a) |
21,413 |
21,802 |
||
|
Fannie Mae Pool #FS4736 6.50% 5/1/2053 (a) |
167 |
173 |
||
|
Fannie Mae Pool #CB6471 4.50% 6/1/2053 (a) |
2,748 |
2,604 |
||
|
Fannie Mae Pool #MA5038 5.00% 6/1/2053 (a) |
75 |
73 |
||
|
Fannie Mae Pool #MA5039 5.50% 6/1/2053 (a) |
26,558 |
26,525 |
||
|
Fannie Mae Pool #FS5192 5.50% 6/1/2053 (a) |
3,604 |
3,587 |
||
|
Fannie Mae Pool #BY3521 5.50% 6/1/2053 (a) |
660 |
659 |
||
|
Fannie Mae Pool #MA5040 6.00% 6/1/2053 (a) |
26,853 |
27,341 |
||
|
Fannie Mae Pool #CB6485 6.00% 6/1/2053 (a) |
9,289 |
9,458 |
||
|
5 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #FS4932 6.00% 6/1/2053 (a) |
USD6,287 |
$6,371 |
||
|
Fannie Mae Pool #CB6486 6.00% 6/1/2053 (a) |
6,133 |
6,256 |
||
|
Fannie Mae Pool #CB6465 6.00% 6/1/2053 (a) |
4,481 |
4,570 |
||
|
Fannie Mae Pool #FS4775 6.00% 6/1/2053 (a) |
62 |
63 |
||
|
Fannie Mae Pool #CB6491 6.50% 6/1/2053 (a) |
3,285 |
3,408 |
||
|
Fannie Mae Pool #CB6490 6.50% 6/1/2053 (a) |
1,221 |
1,265 |
||
|
Fannie Mae Pool #CB6468 6.50% 6/1/2053 (a) |
1,078 |
1,117 |
||
|
Fannie Mae Pool #FS7823 2.00% 7/1/2053 (a) |
3,877 |
3,054 |
||
|
Fannie Mae Pool #FS9167 2.50% 7/1/2053 (a) |
64 |
53 |
||
|
Fannie Mae Pool #MA5130 3.00% 7/1/2053 (a) |
3,666 |
3,132 |
||
|
Fannie Mae Pool #MA5131 3.50% 7/1/2053 (a) |
173 |
154 |
||
|
Fannie Mae Pool #MA5071 5.00% 7/1/2053 (a) |
668 |
651 |
||
|
Fannie Mae Pool #MA5072 5.50% 7/1/2053 (a) |
25,061 |
25,006 |
||
|
Fannie Mae Pool #FS5343 6.00% 7/1/2053 (a) |
2,630 |
2,676 |
||
|
Fannie Mae Pool #MA5073 6.00% 7/1/2053 (a) |
120 |
122 |
||
|
Fannie Mae Pool #CB6766 6.50% 7/1/2053 (a) |
20,672 |
21,553 |
||
|
Fannie Mae Pool #AS0745 3.50% 8/1/2053 (a) |
335 |
293 |
||
|
Fannie Mae Pool #BY8293 6.00% 8/1/2053 (a) |
2,803 |
2,844 |
||
|
Fannie Mae Pool #FS5769 6.00% 9/1/2053 (a) |
10,031 |
10,188 |
||
|
Fannie Mae Pool #CB7122 6.00% 9/1/2053 (a) |
3,196 |
3,249 |
||
|
Fannie Mae Pool #MA5139 6.00% 9/1/2053 (a) |
187 |
190 |
||
|
Fannie Mae Pool #MA5166 6.00% 10/1/2053 (a) |
14,473 |
14,705 |
||
|
Fannie Mae Pool #FA2383 6.50% 10/1/2053 (a) |
5,183 |
5,362 |
||
|
Fannie Mae Pool #CB7242 6.50% 10/1/2053 (a) |
2,697 |
2,795 |
||
|
Fannie Mae Pool #MA5167 6.50% 10/1/2053 (a) |
1,295 |
1,338 |
||
|
Fannie Mae Pool #MA5190 5.50% 11/1/2053 (a) |
2,936 |
2,928 |
||
|
Fannie Mae Pool #FS6838 5.50% 11/1/2053 (a) |
258 |
257 |
||
|
Fannie Mae Pool #MA5191 6.00% 11/1/2053 (a) |
6,706 |
6,813 |
||
|
Fannie Mae Pool #CB7438 6.00% 11/1/2053 (a) |
3,310 |
3,363 |
||
|
Fannie Mae Pool #CB7480 6.00% 11/1/2053 (a) |
2,356 |
2,395 |
||
|
Fannie Mae Pool #CB7426 6.50% 11/1/2053 (a) |
3,728 |
3,860 |
||
|
Fannie Mae Pool #CB7510 6.50% 11/1/2053 (a) |
1,946 |
2,025 |
||
|
Fannie Mae Pool #MA5192 6.50% 11/1/2053 (a) |
149 |
154 |
||
|
Fannie Mae Pool #MA5215 5.50% 12/1/2053 (a) |
2,082 |
2,075 |
||
|
Fannie Mae Pool #CB7617 6.00% 12/1/2053 (a) |
21,219 |
21,540 |
||
|
Fannie Mae Pool #MA5216 6.00% 12/1/2053 (a) |
5,033 |
5,113 |
||
|
Fannie Mae Pool #CB7626 6.50% 12/1/2053 (a) |
3,110 |
3,236 |
||
|
Fannie Mae Pool #FS6880 6.00% 1/1/2054 (a) |
7,464 |
7,583 |
||
|
Fannie Mae Pool #CB7862 6.00% 1/1/2054 (a) |
2,841 |
2,884 |
||
|
Fannie Mae Pool #MA5247 6.00% 1/1/2054 (a) |
1,717 |
1,744 |
||
|
Fannie Mae Pool #FS6873 6.50% 1/1/2054 (a) |
15,232 |
15,737 |
||
|
Fannie Mae Pool #FS6767 6.50% 1/1/2054 (a) |
7,004 |
7,293 |
||
|
Fannie Mae Pool #FS6763 6.50% 1/1/2054 (a) |
720 |
749 |
||
|
Fannie Mae Pool #FS7990 4.00% 2/1/2054 (a) |
6,265 |
5,738 |
||
|
Fannie Mae Pool #FS6809 5.50% 2/1/2054 (a) |
135 |
134 |
||
|
Fannie Mae Pool #CB7932 6.00% 2/1/2054 (a) |
38,402 |
39,017 |
||
|
Fannie Mae Pool #FS7031 6.00% 2/1/2054 (a) |
5,173 |
5,276 |
||
|
Fannie Mae Pool #CB7933 6.50% 2/1/2054 (a) |
3,393 |
3,505 |
||
|
Fannie Mae Pool #FS7162 6.50% 2/1/2054 (a) |
343 |
357 |
||
|
Fannie Mae Pool #CB8143 5.50% 3/1/2054 (a) |
20,332 |
20,306 |
||
|
Fannie Mae Pool #CB8148 5.50% 3/1/2054 (a) |
9,534 |
9,498 |
||
|
Fannie Mae Pool #CB8163 6.00% 3/1/2054 (a) |
10,344 |
10,545 |
||
|
Fannie Mae Pool #CB8168 6.00% 3/1/2054 (a) |
7,102 |
7,209 |
||
|
Fannie Mae Pool #CB8153 6.00% 3/1/2054 (a) |
2,579 |
2,632 |
||
|
Fannie Mae Pool #FS7653 6.50% 3/1/2054 (a) |
2,128 |
2,215 |
||
|
Fannie Mae Pool #CB8337 5.50% 4/1/2054 (a) |
23,925 |
23,813 |
||
|
Fannie Mae Pool #CB8328 5.50% 4/1/2054 (a) |
20,912 |
20,879 |
||
|
Fannie Mae Pool #MA5331 5.50% 4/1/2054 (a) |
635 |
632 |
||
|
Fannie Mae Pool #CB8387 6.50% 4/1/2054 (a) |
935 |
969 |
||
|
Fannie Mae Pool #DB2495 6.00% 5/1/2054 (a) |
701 |
712 |
||
|
Fannie Mae Pool #MA5388 5.50% 6/1/2054 (a) |
9,972 |
9,926 |
||
|
Fannie Mae Pool #FS8131 5.50% 6/1/2054 (a) |
974 |
974 |
||
|
Fannie Mae Pool #FS8153 6.00% 6/1/2054 (a) |
18,279 |
18,664 |
||
|
Fannie Mae Pool #CB8755 6.00% 6/1/2054 (a) |
5,298 |
5,400 |
||
|
Fannie Mae Pool #FS8223 6.00% 6/1/2054 (a) |
1,602 |
1,628 |
||
|
Fannie Mae Pool #FS8219 6.00% 6/1/2054 (a) |
1,321 |
1,346 |
||
|
American Funds Mortgage Fund |
6 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #DB6878 6.00% 6/1/2054 (a) |
USD858 |
$870 |
||
|
Fannie Mae Pool #FS8229 6.50% 6/1/2054 (a) |
5,925 |
6,168 |
||
|
Fannie Mae Pool #CB8725 6.50% 6/1/2054 (a) |
1,876 |
1,941 |
||
|
Fannie Mae Pool #DB5480 6.50% 6/1/2054 (a) |
40 |
42 |
||
|
Fannie Mae Pool #BU4699 5.50% 7/1/2054 (a) |
3,765 |
3,755 |
||
|
Fannie Mae Pool #CB8842 5.50% 7/1/2054 (a) |
953 |
950 |
||
|
Fannie Mae Pool #DB5213 5.50% 7/1/2054 (a) |
458 |
456 |
||
|
Fannie Mae Pool #MA5420 5.50% 7/1/2054 (a) |
78 |
78 |
||
|
Fannie Mae Pool #MA5421 6.00% 7/1/2054 (a) |
24,049 |
24,378 |
||
|
Fannie Mae Pool #CB8858 6.00% 7/1/2054 (a) |
9,600 |
9,784 |
||
|
Fannie Mae Pool #BU4700 6.00% 7/1/2054 (a) |
8,551 |
8,715 |
||
|
Fannie Mae Pool #FS8318 6.00% 7/1/2054 (a) |
4,704 |
4,800 |
||
|
Fannie Mae Pool #FS8591 6.00% 7/1/2054 (a) |
4,073 |
4,156 |
||
|
Fannie Mae Pool #DB5214 6.00% 7/1/2054 (a) |
1,561 |
1,585 |
||
|
Fannie Mae Pool #BU4791 6.00% 7/1/2054 (a) |
1,331 |
1,351 |
||
|
Fannie Mae Pool #DB7039 6.00% 7/1/2054 (a) |
1,079 |
1,099 |
||
|
Fannie Mae Pool #BU4707 6.00% 7/1/2054 (a) |
750 |
762 |
||
|
Fannie Mae Pool #DB6901 6.00% 7/1/2054 (a) |
566 |
574 |
||
|
Fannie Mae Pool #FS8607 6.50% 7/1/2054 (a) |
8,230 |
8,564 |
||
|
Fannie Mae Pool #CB8876 6.50% 7/1/2054 (a) |
7,850 |
8,129 |
||
|
Fannie Mae Pool #FS8317 6.50% 7/1/2054 (a) |
3,970 |
4,133 |
||
|
Fannie Mae Pool #CB8872 6.50% 7/1/2054 (a) |
3,014 |
3,121 |
||
|
Fannie Mae Pool #FS8786 6.50% 7/1/2054 (a) |
1,484 |
1,536 |
||
|
Fannie Mae Pool #FS8619 6.50% 7/1/2054 (a) |
557 |
578 |
||
|
Fannie Mae Pool #CB8977 5.00% 8/1/2054 (a) |
235 |
229 |
||
|
Fannie Mae Pool #MA5445 6.00% 8/1/2054 (a) |
12,281 |
12,455 |
||
|
Fannie Mae Pool #FS8795 6.00% 8/1/2054 (a) |
5,558 |
5,633 |
||
|
Fannie Mae Pool #FS8757 6.00% 8/1/2054 (a) |
4,159 |
4,242 |
||
|
Fannie Mae Pool #DC0299 6.00% 8/1/2054 (a) |
2,335 |
2,365 |
||
|
Fannie Mae Pool #DB7692 6.00% 8/1/2054 (a) |
2,239 |
2,269 |
||
|
Fannie Mae Pool #FS8792 6.00% 8/1/2054 (a) |
2,220 |
2,248 |
||
|
Fannie Mae Pool #BU4916 6.00% 8/1/2054 (a) |
1,845 |
1,873 |
||
|
Fannie Mae Pool #FS8756 6.00% 8/1/2054 (a) |
1,788 |
1,823 |
||
|
Fannie Mae Pool #FS8758 6.00% 8/1/2054 (a) |
1,484 |
1,505 |
||
|
Fannie Mae Pool #DB7690 6.00% 8/1/2054 (a) |
567 |
578 |
||
|
Fannie Mae Pool #DB7687 6.00% 8/1/2054 (a) |
559 |
569 |
||
|
Fannie Mae Pool #DC0296 6.00% 8/1/2054 (a) |
459 |
468 |
||
|
Fannie Mae Pool #BU4968 6.00% 8/1/2054 (a) |
391 |
397 |
||
|
Fannie Mae Pool #DB7792 6.00% 8/1/2054 (a) |
386 |
392 |
||
|
Fannie Mae Pool #DC1075 6.00% 8/1/2054 (a) |
206 |
209 |
||
|
Fannie Mae Pool #CB9071 6.50% 8/1/2054 (a) |
10,127 |
10,487 |
||
|
Fannie Mae Pool #FS8934 6.50% 8/1/2054 (a) |
7,823 |
8,145 |
||
|
Fannie Mae Pool #FS8788 6.50% 8/1/2054 (a) |
6,519 |
6,771 |
||
|
Fannie Mae Pool #FS8783 6.50% 8/1/2054 (a) |
5,314 |
5,529 |
||
|
Fannie Mae Pool #CB9210 5.50% 9/1/2054 (a) |
9,758 |
9,712 |
||
|
Fannie Mae Pool #FS9025 5.50% 9/1/2054 (a) |
7,639 |
7,622 |
||
|
Fannie Mae Pool #MA5470 5.50% 9/1/2054 (a) |
7,492 |
7,455 |
||
|
Fannie Mae Pool #FS9001 5.50% 9/1/2054 (a) |
6,874 |
6,874 |
||
|
Fannie Mae Pool #CB9146 5.50% 9/1/2054 (a) |
5,530 |
5,507 |
||
|
Fannie Mae Pool #BU4946 5.50% 9/1/2054 (a) |
23 |
23 |
||
|
Fannie Mae Pool #DC1999 6.00% 9/1/2054 (a) |
6,438 |
6,530 |
||
|
Fannie Mae Pool #FS8866 6.00% 9/1/2054 (a) |
2,646 |
2,695 |
||
|
Fannie Mae Pool #DC1547 6.00% 9/1/2054 (a) |
486 |
493 |
||
|
Fannie Mae Pool #DC3262 6.00% 9/1/2054 (a) |
317 |
321 |
||
|
Fannie Mae Pool #DC3459 6.00% 9/1/2054 (a) |
157 |
159 |
||
|
Fannie Mae Pool #DC1873 6.00% 9/1/2054 (a) |
8 |
8 |
||
|
Fannie Mae Pool #FS9204 6.50% 9/1/2054 (a) |
178 |
183 |
||
|
Fannie Mae Pool #DC4451 5.50% 10/1/2054 (a) |
1,312 |
1,308 |
||
|
Fannie Mae Pool #BU5166 6.00% 10/1/2054 (a) |
6,651 |
6,774 |
||
|
Fannie Mae Pool #MA5498 6.00% 10/1/2054 (a) |
5,788 |
5,868 |
||
|
Fannie Mae Pool #BU5049 6.50% 10/1/2054 (a) |
2,961 |
3,066 |
||
|
Fannie Mae Pool #MA5530 5.00% 11/1/2054 (a) |
8,432 |
8,180 |
||
|
Fannie Mae Pool #BU5165 5.50% 11/1/2054 (a) |
5,406 |
5,396 |
||
|
Fannie Mae Pool #MA5531 5.50% 11/1/2054 (a) |
2,205 |
2,191 |
||
|
Fannie Mae Pool #DC5696 6.00% 11/1/2054 (a) |
19,613 |
19,867 |
||
|
Fannie Mae Pool #CB9432 6.00% 11/1/2054 (a) |
16,125 |
16,414 |
||
|
7 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Fannie Mae Pool #DC6459 6.00% 11/1/2054 (a) |
USD278 |
$282 |
||
|
Fannie Mae Pool #DC3867 6.00% 11/1/2054 (a) |
106 |
108 |
||
|
Fannie Mae Pool #MA5549 3.50% 12/1/2054 (a) |
17,436 |
15,495 |
||
|
Fannie Mae Pool #BU5361 5.00% 12/1/2054 (a) |
5,359 |
5,210 |
||
|
Fannie Mae Pool #CB9616 5.50% 12/1/2054 (a) |
6,727 |
6,708 |
||
|
Fannie Mae Pool #BU5234 5.50% 12/1/2054 (a) |
4,811 |
4,794 |
||
|
Fannie Mae Pool #FA0287 6.00% 12/1/2054 (a) |
41,285 |
41,814 |
||
|
Fannie Mae Pool #DC7035 6.00% 12/1/2054 (a) |
1,126 |
1,141 |
||
|
Fannie Mae Pool #DC7823 6.00% 12/1/2054 (a) |
1,086 |
1,100 |
||
|
Fannie Mae Pool #DC8824 6.00% 12/1/2054 (a) |
680 |
690 |
||
|
Fannie Mae Pool #DC7781 6.50% 12/1/2054 (a) |
1,717 |
1,773 |
||
|
Fannie Mae Pool #CB9737 5.00% 1/1/2055 (a) |
9,146 |
8,893 |
||
|
Fannie Mae Pool #DD0835 6.00% 1/1/2055 (a) |
1,125 |
1,139 |
||
|
Fannie Mae Pool #FP0137 6.50% 1/1/2055 (a) |
93 |
96 |
||
|
Fannie Mae Pool #FA0608 5.50% 2/1/2055 (a) |
59,190 |
58,820 |
||
|
Fannie Mae Pool #MA5615 6.00% 2/1/2055 (a) |
20,756 |
21,037 |
||
|
Fannie Mae Pool #DD1030 6.50% 2/1/2055 (a) |
290 |
300 |
||
|
Fannie Mae Pool #MA5665 3.50% 3/1/2055 (a) |
1,023 |
909 |
||
|
Fannie Mae Pool #FA3632 5.00% 3/1/2055 (a) |
16,398 |
15,908 |
||
|
Fannie Mae Pool #FA5240 5.50% 3/1/2055 (a) |
9,410 |
9,410 |
||
|
Fannie Mae Pool #DD3786 6.00% 3/1/2055 (a) |
850 |
861 |
||
|
Fannie Mae Pool #DD4340 6.00% 3/1/2055 (a) |
395 |
401 |
||
|
Fannie Mae Pool #190445 6.50% 3/1/2055 (a) |
110 |
113 |
||
|
Fannie Mae Pool #FA1162 6.00% 4/1/2055 (a) |
237 |
240 |
||
|
Fannie Mae Pool #CC0287 6.50% 4/1/2055 (a) |
110 |
114 |
||
|
Fannie Mae Pool #MA5699 5.00% 5/1/2055 (a) |
6,253 |
6,053 |
||
|
Fannie Mae Pool #DD7817 5.50% 5/1/2055 (a) |
2,431 |
2,411 |
||
|
Fannie Mae Pool #FA1730 6.00% 5/1/2055 (a) |
13,445 |
13,627 |
||
|
Fannie Mae Pool #DD8500 6.00% 5/1/2055 (a) |
6,526 |
6,612 |
||
|
Fannie Mae Pool #MA5734 5.00% 6/1/2055 (a) |
3,220 |
3,118 |
||
|
Fannie Mae Pool #BV1724 6.50% 6/1/2055 (a) |
902 |
930 |
||
|
Fannie Mae Pool #MA5763 7.00% 7/1/2055 (a) |
4,925 |
5,158 |
||
|
Fannie Mae Pool #BV6163 3.50% 8/1/2055 (a) |
687 |
610 |
||
|
Fannie Mae Pool #CC0859 5.50% 8/1/2055 (a) |
4,396 |
4,386 |
||
|
Fannie Mae Pool #CC0879 6.00% 8/1/2055 (a) |
1,208 |
1,228 |
||
|
Fannie Mae Pool #MA5795 7.00% 8/1/2055 (a) |
11,398 |
11,936 |
||
|
Fannie Mae Pool #FA2203 7.00% 8/1/2055 (a) |
4,000 |
4,189 |
||
|
Fannie Mae Pool #MA5846 7.00% 8/1/2055 (a) |
1,425 |
1,464 |
||
|
Fannie Mae Pool #MA5825 7.00% 9/1/2055 (a) |
12,824 |
13,430 |
||
|
Fannie Mae Pool #DF0024 6.50% 10/1/2055 (a) |
28 |
29 |
||
|
Fannie Mae Pool #FA4427 7.00% 10/1/2055 (a) |
3,960 |
4,147 |
||
|
Fannie Mae Pool #MA5906 3.50% 12/1/2055 (a) |
6,943 |
6,169 |
||
|
Fannie Mae Pool #MA5908 4.50% 12/1/2055 (a) |
883 |
830 |
||
|
Fannie Mae Pool #BW2544 7.00% 2/1/2056 (a) |
28 |
30 |
||
|
Fannie Mae Pool #CC3125 7.00% 5/1/2056 (a) |
500 |
525 |
||
|
Fannie Mae Pool #BF0133 4.00% 8/1/2056 (a) |
15,770 |
14,492 |
||
|
Fannie Mae Pool #BF0379 3.50% 4/1/2059 (a) |
2,557 |
2,245 |
||
|
Fannie Mae Pool #BM6693 3.50% 8/1/2059 (a) |
42,452 |
37,266 |
||
|
Fannie Mae Pool #BF0481 3.50% 6/1/2060 (a) |
1,655 |
1,452 |
||
|
Fannie Mae Pool #BF0480 3.50% 6/1/2060 (a) |
1,047 |
923 |
||
|
Fannie Mae Pool #BF0497 3.00% 7/1/2060 (a) |
1,308 |
1,096 |
||
|
Fannie Mae Pool #BF0546 2.50% 7/1/2061 (a) |
21,174 |
16,841 |
||
|
Fannie Mae Pool #BF0585 4.50% 12/1/2061 (a) |
3,404 |
3,195 |
||
|
Fannie Mae Pool #BF0762 3.00% 9/1/2063 (a) |
16,775 |
13,966 |
||
|
Fannie Mae Pool #BF0765 3.50% 9/1/2063 (a) |
99,390 |
86,597 |
||
|
Fannie Mae Pool #BF0784 3.50% 12/1/2063 (a) |
5,126 |
4,466 |
||
|
Fannie Mae Pool #BF0786 4.00% 12/1/2063 (a) |
6,297 |
5,683 |
||
|
FARM Mortgage Trust, Series 2024-1, Class A, 4.654% 10/1/2053 (a)(c)(d) |
15,110 |
14,231 |
||
|
FARM Mortgage Trust, Series 2024-2, Class A1, 5.191% 8/1/2054 (a)(c)(d) |
6,731 |
6,655 |
||
|
Freddie Mac Pool #ZA2045 6.50% 1/1/2028 (a) |
1 |
1 |
||
|
Freddie Mac Pool #ZA2066 6.50% 3/1/2028 (a) |
4 |
4 |
||
|
Freddie Mac Pool #ZA2096 6.50% 11/1/2028 (a) |
— (b) |
— (b) |
||
|
Freddie Mac Pool #ZS8675 2.50% 11/1/2032 (a) |
4 |
4 |
||
|
Freddie Mac Pool #C91593 2.50% 12/1/2032 (a) |
16 |
15 |
||
|
Freddie Mac Pool #ZS0839 6.50% 12/1/2032 (a) |
3 |
3 |
||
|
Freddie Mac Pool #ZS8087 2.50% 4/1/2033 (a) |
11 |
11 |
||
|
American Funds Mortgage Fund |
8 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #C91720 2.50% 8/1/2033 (a) |
USD29 |
$27 |
||
|
Freddie Mac Pool #ZS8710 3.00% 8/1/2033 (a) |
1 |
1 |
||
|
Freddie Mac Pool #SB8041 3.00% 4/1/2035 (a) |
— (b) |
— (b) |
||
|
Freddie Mac Pool #ZS4189 6.50% 6/1/2035 (a) |
— (b) |
— (b) |
||
|
Freddie Mac Pool #K93558 4.00% 5/1/2036 (a) |
319 |
307 |
||
|
Freddie Mac Pool #C91877 4.00% 5/1/2036 (a) |
200 |
192 |
||
|
Freddie Mac Pool #C91899 4.00% 9/1/2036 (a) |
314 |
301 |
||
|
Freddie Mac Pool #QO0557 2.50% 7/1/2037 (a) |
1,796 |
1,657 |
||
|
Freddie Mac Pool #SB1388 2.50% 1/1/2038 (a) |
138 |
127 |
||
|
Freddie Mac Pool #ZS1825 6.00% 1/1/2038 (a) |
37 |
38 |
||
|
Freddie Mac Pool #RB5113 1.50% 6/1/2041 (a) |
103,992 |
86,743 |
||
|
Freddie Mac Pool #RB5115 2.50% 6/1/2041 (a) |
20,393 |
17,987 |
||
|
Freddie Mac Pool #QK1181 2.00% 11/1/2041 (a) |
1,682 |
1,438 |
||
|
Freddie Mac Pool #RB5138 2.00% 12/1/2041 (a) |
21,207 |
18,126 |
||
|
Freddie Mac Pool #RB5145 2.00% 2/1/2042 (a) |
6,505 |
5,548 |
||
|
Freddie Mac Pool #RB5148 2.00% 3/1/2042 (a) |
13,986 |
11,923 |
||
|
Freddie Mac Pool #RB5153 2.00% 4/1/2042 (a) |
1,993 |
1,699 |
||
|
Freddie Mac Pool #ZL5084 4.00% 2/1/2043 (a) |
7 |
7 |
||
|
Freddie Mac Pool #ZL5693 3.50% 4/1/2043 (a) |
109 |
101 |
||
|
Freddie Mac Pool #ZL5891 3.50% 5/1/2043 (a) |
286 |
265 |
||
|
Freddie Mac Pool #ZL6206 3.50% 6/1/2043 (a) |
122 |
112 |
||
|
Freddie Mac Pool #ZL8486 3.50% 9/1/2044 (a) |
1,157 |
1,058 |
||
|
Freddie Mac Pool #ZS4616 2.50% 5/1/2045 (a) |
97 |
83 |
||
|
Freddie Mac Pool #760014 4.634% 8/1/2045 (a)(d) |
705 |
689 |
||
|
Freddie Mac Pool #ZS9495 3.50% 10/1/2045 (a) |
3,427 |
3,143 |
||
|
Freddie Mac Pool #ZT0528 3.50% 8/1/2046 (a) |
1,287 |
1,176 |
||
|
Freddie Mac Pool #ZM1663 2.50% 9/1/2046 (a) |
10 |
9 |
||
|
Freddie Mac Pool #ZA3216 3.50% 9/1/2046 (a) |
35 |
32 |
||
|
Freddie Mac Pool #ZM1953 2.50% 10/1/2046 (a) |
25 |
21 |
||
|
Freddie Mac Pool #ZM2569 2.50% 1/1/2047 (a) |
37 |
31 |
||
|
Freddie Mac Pool #ZM2445 3.50% 1/1/2047 (a) |
4,940 |
4,450 |
||
|
Freddie Mac Pool #ZS4711 2.50% 2/1/2047 (a) |
39 |
33 |
||
|
Freddie Mac Pool #ZM3071 3.50% 4/1/2047 (a) |
221 |
199 |
||
|
Freddie Mac Pool #ZA4953 2.50% 7/1/2047 (a) |
10 |
9 |
||
|
Freddie Mac Pool #ZA3240 4.00% 9/1/2047 (a) |
502 |
463 |
||
|
Freddie Mac Pool #ZM4549 3.50% 10/1/2047 (a) |
233 |
209 |
||
|
Freddie Mac Pool #ZM4706 3.50% 11/1/2047 (a) |
595 |
539 |
||
|
Freddie Mac Pool #ZM5995 3.50% 3/1/2048 (a) |
401 |
363 |
||
|
Freddie Mac Pool #ZM5820 3.50% 3/1/2048 (a) |
200 |
181 |
||
|
Freddie Mac Pool #ZM5824 3.50% 3/1/2048 (a) |
200 |
181 |
||
|
Freddie Mac Pool #ZM5819 3.50% 3/1/2048 (a) |
173 |
156 |
||
|
Freddie Mac Pool #ZM5860 3.50% 3/1/2048 (a) |
111 |
101 |
||
|
Freddie Mac Pool #ZM5861 3.50% 3/1/2048 (a) |
98 |
88 |
||
|
Freddie Mac Pool #ZM5818 3.50% 3/1/2048 (a) |
91 |
83 |
||
|
Freddie Mac Pool #ZM5886 3.50% 3/1/2048 (a) |
64 |
58 |
||
|
Freddie Mac Pool #ZM5817 3.50% 3/1/2048 (a) |
51 |
46 |
||
|
Freddie Mac Pool #ZT0539 4.00% 3/1/2048 (a) |
9,757 |
9,088 |
||
|
Freddie Mac Pool #ZM5999 3.50% 4/1/2048 (a) |
53 |
48 |
||
|
Freddie Mac Pool #ZM6462 4.00% 5/1/2048 (a) |
110 |
103 |
||
|
Freddie Mac Pool #ZM6576 4.00% 5/1/2048 (a) |
92 |
86 |
||
|
Freddie Mac Pool #ZM6461 4.00% 5/1/2048 (a) |
48 |
45 |
||
|
Freddie Mac Pool #ZM6827 3.50% 6/1/2048 (a) |
116 |
105 |
||
|
Freddie Mac Pool #ZM6826 3.50% 6/1/2048 (a) |
70 |
63 |
||
|
Freddie Mac Pool #ZM6828 3.50% 6/1/2048 (a) |
51 |
46 |
||
|
Freddie Mac Pool #ZM6835 4.00% 6/1/2048 (a) |
502 |
467 |
||
|
Freddie Mac Pool #ZM7244 4.50% 7/1/2048 (a) |
81 |
78 |
||
|
Freddie Mac Pool #ZM8137 4.50% 9/1/2048 (a) |
883 |
850 |
||
|
Freddie Mac Pool #ZM8162 4.50% 9/1/2048 (a) |
417 |
402 |
||
|
Freddie Mac Pool #ZM8110 4.50% 9/1/2048 (a) |
279 |
268 |
||
|
Freddie Mac Pool #ZT2472 4.50% 10/1/2048 (a) |
3,853 |
3,678 |
||
|
Freddie Mac Pool #QA0284 3.50% 6/1/2049 (a) |
1,335 |
1,207 |
||
|
Freddie Mac Pool #SD7503 3.50% 8/1/2049 (a) |
6,179 |
5,580 |
||
|
Freddie Mac Pool #QA2748 3.50% 9/1/2049 (a) |
205 |
185 |
||
|
Freddie Mac Pool #RA1580 3.50% 10/1/2049 (a) |
3,180 |
2,879 |
||
|
Freddie Mac Pool #RA1463 3.50% 10/1/2049 (a) |
3,058 |
2,768 |
||
|
Freddie Mac Pool #SD0187 3.00% 1/1/2050 (a) |
2,345 |
2,046 |
||
|
9 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #RA1996 3.50% 1/1/2050 (a) |
USD2,953 |
$2,655 |
||
|
Freddie Mac Pool #SD7512 3.00% 2/1/2050 (a) |
9,195 |
7,998 |
||
|
Freddie Mac Pool #QA7102 3.00% 2/1/2050 (a) |
914 |
781 |
||
|
Freddie Mac Pool #RA2797 3.00% 6/1/2050 (a) |
135 |
115 |
||
|
Freddie Mac Pool #RA3384 3.00% 8/1/2050 (a) |
389 |
336 |
||
|
Freddie Mac Pool #SI2062 2.00% 9/1/2050 (a) |
39,384 |
31,274 |
||
|
Freddie Mac Pool #SI2080 2.00% 10/1/2050 (a) |
41,822 |
33,210 |
||
|
Freddie Mac Pool #RA3808 2.00% 10/1/2050 (a) |
64 |
50 |
||
|
Freddie Mac Pool #SD8106 2.00% 11/1/2050 (a) |
32,350 |
25,587 |
||
|
Freddie Mac Pool #QB5019 2.00% 11/1/2050 (a) |
2,607 |
2,043 |
||
|
Freddie Mac Pool #QB5275 2.00% 11/1/2050 (a) |
918 |
718 |
||
|
Freddie Mac Pool #RA3952 2.00% 11/1/2050 (a) |
270 |
211 |
||
|
Freddie Mac Pool #QB5949 2.00% 11/1/2050 (a) |
47 |
37 |
||
|
Freddie Mac Pool #QB6480 2.00% 12/1/2050 (a) |
1,293 |
1,013 |
||
|
Freddie Mac Pool #QB6228 2.00% 12/1/2050 (a) |
921 |
721 |
||
|
Freddie Mac Pool #QB6579 2.00% 12/1/2050 (a) |
110 |
86 |
||
|
Freddie Mac Pool #QB7148 2.00% 12/1/2050 (a) |
36 |
28 |
||
|
Freddie Mac Pool #RA4352 2.00% 1/1/2051 (a) |
22,226 |
17,580 |
||
|
Freddie Mac Pool #QB8132 2.00% 1/1/2051 (a) |
1,892 |
1,481 |
||
|
Freddie Mac Pool #QB7817 2.00% 1/1/2051 (a) |
976 |
764 |
||
|
Freddie Mac Pool #QB7858 2.00% 1/1/2051 (a) |
704 |
551 |
||
|
Freddie Mac Pool #QB7230 2.00% 1/1/2051 (a) |
197 |
154 |
||
|
Freddie Mac Pool #QB9090 2.00% 2/1/2051 (a) |
142 |
111 |
||
|
Freddie Mac Pool #QB8972 2.00% 2/1/2051 (a) |
134 |
105 |
||
|
Freddie Mac Pool #SD8128 2.00% 2/1/2051 (a) |
132 |
104 |
||
|
Freddie Mac Pool #SD8134 2.00% 3/1/2051 (a) |
220 |
174 |
||
|
Freddie Mac Pool #SD0537 2.00% 3/1/2051 (a) |
199 |
156 |
||
|
Freddie Mac Pool #QC0203 2.00% 3/1/2051 (a) |
31 |
24 |
||
|
Freddie Mac Pool #QB9836 2.50% 3/1/2051 (a) |
853 |
698 |
||
|
Freddie Mac Pool #RA5054 2.00% 4/1/2051 (a) |
129,351 |
102,189 |
||
|
Freddie Mac Pool #SD0934 2.00% 4/1/2051 (a) |
465 |
363 |
||
|
Freddie Mac Pool #QC0619 2.00% 4/1/2051 (a) |
98 |
77 |
||
|
Freddie Mac Pool #SD0566 2.50% 4/1/2051 (a) |
10,586 |
8,669 |
||
|
Freddie Mac Pool #SD0571 2.50% 4/1/2051 (a) |
937 |
767 |
||
|
Freddie Mac Pool #RA5288 2.00% 5/1/2051 (a) |
22,800 |
18,055 |
||
|
Freddie Mac Pool #RA5155 2.00% 5/1/2051 (a) |
9,394 |
7,351 |
||
|
Freddie Mac Pool #RA5204 2.00% 5/1/2051 (a) |
913 |
715 |
||
|
Freddie Mac Pool #SD3984 2.00% 5/1/2051 (a) |
822 |
643 |
||
|
Freddie Mac Pool #QC2062 2.00% 5/1/2051 (a) |
40 |
31 |
||
|
Freddie Mac Pool #QC1665 2.00% 5/1/2051 (a) |
33 |
26 |
||
|
Freddie Mac Pool #RA5259 2.50% 5/1/2051 (a) |
4,039 |
3,348 |
||
|
Freddie Mac Pool #RA5286 2.50% 5/1/2051 (a) |
211 |
173 |
||
|
Freddie Mac Pool #QC2537 2.00% 6/1/2051 (a) |
3,846 |
3,009 |
||
|
Freddie Mac Pool #QC3259 2.00% 6/1/2051 (a) |
1,042 |
816 |
||
|
Freddie Mac Pool #SD1852 2.50% 6/1/2051 (a) |
8,572 |
7,012 |
||
|
Freddie Mac Pool #QC4911 2.00% 7/1/2051 (a) |
1,465 |
1,146 |
||
|
Freddie Mac Pool #QC4418 2.00% 7/1/2051 (a) |
80 |
62 |
||
|
Freddie Mac Pool #SD7544 3.00% 7/1/2051 (a) |
17,918 |
15,575 |
||
|
Freddie Mac Pool #SD0718 2.50% 8/1/2051 (a) |
596 |
488 |
||
|
Freddie Mac Pool #QC9779 2.00% 9/1/2051 (a) |
1,114 |
871 |
||
|
Freddie Mac Pool #SD7545 2.50% 9/1/2051 (a) |
3,615 |
3,024 |
||
|
Freddie Mac Pool #RA5921 2.50% 9/1/2051 (a) |
1,721 |
1,428 |
||
|
Freddie Mac Pool #QC6921 2.50% 9/1/2051 (a) |
794 |
650 |
||
|
Freddie Mac Pool #QC7626 3.00% 9/1/2051 (a) |
9,691 |
8,312 |
||
|
Freddie Mac Pool #QD0086 2.00% 10/1/2051 (a) |
877 |
686 |
||
|
Freddie Mac Pool #QC8499 2.00% 10/1/2051 (a) |
87 |
68 |
||
|
Freddie Mac Pool #QC8196 2.50% 10/1/2051 (a) |
2,776 |
2,272 |
||
|
Freddie Mac Pool #RA6136 2.50% 10/1/2051 (a) |
895 |
733 |
||
|
Freddie Mac Pool #SD2880 3.00% 10/1/2051 (a) |
13,057 |
11,223 |
||
|
Freddie Mac Pool #SD0740 3.50% 10/1/2051 (a) |
2,790 |
2,480 |
||
|
Freddie Mac Pool #RA6406 2.00% 11/1/2051 (a) |
5,354 |
4,231 |
||
|
Freddie Mac Pool #QD1457 2.00% 11/1/2051 (a) |
1,524 |
1,191 |
||
|
Freddie Mac Pool #QD0195 2.00% 11/1/2051 (a) |
1,177 |
920 |
||
|
Freddie Mac Pool #RA6237 2.00% 11/1/2051 (a) |
1,134 |
887 |
||
|
Freddie Mac Pool #QD3173 2.00% 11/1/2051 (a) |
141 |
110 |
||
|
Freddie Mac Pool #SD7548 2.50% 11/1/2051 (a) |
7,269 |
6,080 |
||
|
American Funds Mortgage Fund |
10 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #SD1385 2.50% 11/1/2051 (a) |
USD4,753 |
$3,962 |
||
|
Freddie Mac Pool #SD8182 2.00% 12/1/2051 (a) |
746 |
587 |
||
|
Freddie Mac Pool #QD2437 2.00% 12/1/2051 (a) |
537 |
425 |
||
|
Freddie Mac Pool #QD3473 2.00% 12/1/2051 (a) |
141 |
110 |
||
|
Freddie Mac Pool #QD3619 2.50% 12/1/2051 (a) |
2,789 |
2,280 |
||
|
Freddie Mac Pool #SD8183 2.50% 12/1/2051 (a) |
2,538 |
2,089 |
||
|
Freddie Mac Pool #RA6493 2.50% 12/1/2051 (a) |
212 |
173 |
||
|
Freddie Mac Pool #QD2929 4.00% 12/1/2051 (a) |
566 |
522 |
||
|
Freddie Mac Pool #QD5035 2.00% 1/1/2052 (a) |
8,023 |
6,270 |
||
|
Freddie Mac Pool #QD7144 2.00% 1/1/2052 (a) |
1,104 |
863 |
||
|
Freddie Mac Pool #QD3751 2.00% 1/1/2052 (a) |
699 |
546 |
||
|
Freddie Mac Pool #QD4465 2.00% 1/1/2052 (a) |
492 |
385 |
||
|
Freddie Mac Pool #SD1403 2.00% 1/1/2052 (a) |
283 |
222 |
||
|
Freddie Mac Pool #QD4747 2.00% 1/1/2052 (a) |
244 |
191 |
||
|
Freddie Mac Pool #QD5262 2.00% 1/1/2052 (a) |
223 |
176 |
||
|
Freddie Mac Pool #QD6009 2.00% 1/1/2052 (a) |
36 |
28 |
||
|
Freddie Mac Pool #SD0838 2.00% 1/1/2052 (a) |
29 |
23 |
||
|
Freddie Mac Pool #SD2629 2.50% 1/1/2052 (a) |
678 |
555 |
||
|
Freddie Mac Pool #SD2269 3.00% 1/1/2052 (a) |
270 |
230 |
||
|
Freddie Mac Pool #RA6767 2.00% 2/1/2052 (a) |
18,445 |
14,496 |
||
|
Freddie Mac Pool #RA6771 2.00% 2/1/2052 (a) |
11,334 |
8,858 |
||
|
Freddie Mac Pool #RA6114 2.00% 2/1/2052 (a) |
1,352 |
1,064 |
||
|
Freddie Mac Pool #QD6836 2.00% 2/1/2052 (a) |
784 |
617 |
||
|
Freddie Mac Pool #QD6139 2.00% 2/1/2052 (a) |
749 |
585 |
||
|
Freddie Mac Pool #QD6549 2.00% 2/1/2052 (a) |
702 |
549 |
||
|
Freddie Mac Pool #RA6913 2.00% 2/1/2052 (a) |
258 |
203 |
||
|
Freddie Mac Pool #SD3445 2.00% 2/1/2052 (a) |
46 |
36 |
||
|
Freddie Mac Pool #QD9124 2.00% 2/1/2052 (a) |
45 |
35 |
||
|
Freddie Mac Pool #SD0873 3.50% 2/1/2052 (a) |
20,719 |
18,690 |
||
|
Freddie Mac Pool #QD7089 3.50% 2/1/2052 (a) |
281 |
251 |
||
|
Freddie Mac Pool #SD8199 2.00% 3/1/2052 (a) |
28,396 |
22,345 |
||
|
Freddie Mac Pool #RA6973 2.00% 3/1/2052 (a) |
11,723 |
9,224 |
||
|
Freddie Mac Pool #SD5343 2.00% 3/1/2052 (a) |
1,674 |
1,319 |
||
|
Freddie Mac Pool #SD4071 2.00% 3/1/2052 (a) |
317 |
248 |
||
|
Freddie Mac Pool #QD8820 2.00% 3/1/2052 (a) |
154 |
121 |
||
|
Freddie Mac Pool #QE3078 2.00% 3/1/2052 (a) |
21 |
16 |
||
|
Freddie Mac Pool #SD7553 3.00% 3/1/2052 (a) |
5,691 |
4,945 |
||
|
Freddie Mac Pool #SD8204 2.00% 4/1/2052 (a) |
1,558 |
1,226 |
||
|
Freddie Mac Pool #SD8211 2.00% 5/1/2052 (a) |
23 |
18 |
||
|
Freddie Mac Pool #SD8213 3.00% 5/1/2052 (a) |
81,435 |
69,640 |
||
|
Freddie Mac Pool #SL3664 2.00% 6/1/2052 (a) |
2,980 |
2,351 |
||
|
Freddie Mac Pool #SD6496 2.00% 6/1/2052 (a) |
1,818 |
1,432 |
||
|
Freddie Mac Pool #RA7510 3.50% 6/1/2052 (a) |
2,179 |
1,936 |
||
|
Freddie Mac Pool #QE5610 3.50% 6/1/2052 (a) |
354 |
315 |
||
|
Freddie Mac Pool #RA7556 4.50% 6/1/2052 (a) |
10,185 |
9,669 |
||
|
Freddie Mac Pool #SL2621 2.50% 7/1/2052 (a) |
32,404 |
26,499 |
||
|
Freddie Mac Pool #SL0012 3.50% 7/1/2052 (a) |
27 |
24 |
||
|
Freddie Mac Pool #SD1406 2.00% 8/1/2052 (a) |
2,106 |
1,658 |
||
|
Freddie Mac Pool #SD7556 3.00% 8/1/2052 (a) |
180 |
156 |
||
|
Freddie Mac Pool #QE7537 4.50% 8/1/2052 (a) |
7,826 |
7,429 |
||
|
Freddie Mac Pool #SD8242 3.00% 9/1/2052 (a) |
9,491 |
8,111 |
||
|
Freddie Mac Pool #RA7938 5.00% 9/1/2052 (a) |
2,288 |
2,234 |
||
|
Freddie Mac Pool #SD8256 4.00% 10/1/2052 (a) |
12,535 |
11,527 |
||
|
Freddie Mac Pool #QF1560 4.00% 10/1/2052 (a) |
118 |
109 |
||
|
Freddie Mac Pool #RA8059 5.50% 10/1/2052 (a) |
8,262 |
8,267 |
||
|
Freddie Mac Pool #QF2363 4.50% 11/1/2052 (a) |
33,102 |
31,381 |
||
|
Freddie Mac Pool #SD1895 4.50% 11/1/2052 (a) |
30,499 |
29,209 |
||
|
Freddie Mac Pool #SD2948 5.50% 11/1/2052 (a) |
11,835 |
11,785 |
||
|
Freddie Mac Pool #QF2862 6.50% 11/1/2052 (a) |
16 |
17 |
||
|
Freddie Mac Pool #SD2602 3.00% 12/1/2052 (a) |
2,430 |
2,078 |
||
|
Freddie Mac Pool #RA8517 3.00% 1/1/2053 (a) |
10 |
9 |
||
|
Freddie Mac Pool #SD8288 5.00% 1/1/2053 (a) |
491 |
479 |
||
|
Freddie Mac Pool #QF5680 5.50% 1/1/2053 (a) |
576 |
574 |
||
|
Freddie Mac Pool #SD8290 6.00% 1/1/2053 (a) |
2,535 |
2,577 |
||
|
Freddie Mac Pool #SD2601 2.50% 2/1/2053 (a) |
270 |
222 |
||
|
Freddie Mac Pool #QF7144 5.50% 2/1/2053 (a) |
660 |
657 |
||
|
11 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #QF8686 5.50% 2/1/2053 (a) |
USD287 |
$286 |
||
|
Freddie Mac Pool #SD8301 6.00% 2/1/2053 (a) |
1,888 |
1,919 |
||
|
Freddie Mac Pool #QF8462 5.50% 3/1/2053 (a) |
2,459 |
2,448 |
||
|
Freddie Mac Pool #QF8554 5.50% 3/1/2053 (a) |
422 |
420 |
||
|
Freddie Mac Pool #SD2716 5.00% 4/1/2053 (a) |
5,652 |
5,508 |
||
|
Freddie Mac Pool #SD8315 5.00% 4/1/2053 (a) |
1,361 |
1,326 |
||
|
Freddie Mac Pool #SD8316 5.50% 4/1/2053 (a) |
4,936 |
4,929 |
||
|
Freddie Mac Pool #QG1023 5.50% 4/1/2053 (a) |
694 |
690 |
||
|
Freddie Mac Pool #SD8323 5.00% 5/1/2053 (a) |
1,239 |
1,208 |
||
|
Freddie Mac Pool #SD8324 5.50% 5/1/2053 (a) |
10,489 |
10,476 |
||
|
Freddie Mac Pool #SD3369 5.50% 5/1/2053 (a) |
1,086 |
1,080 |
||
|
Freddie Mac Pool #QG3365 5.50% 5/1/2053 (a) |
525 |
523 |
||
|
Freddie Mac Pool #QG1875 5.50% 5/1/2053 (a) |
184 |
183 |
||
|
Freddie Mac Pool #SD8325 6.00% 5/1/2053 (a) |
14,484 |
14,747 |
||
|
Freddie Mac Pool #SD2861 6.00% 5/1/2053 (a) |
3,611 |
3,686 |
||
|
Freddie Mac Pool #QG3376 6.00% 5/1/2053 (a) |
191 |
193 |
||
|
Freddie Mac Pool #QG1921 6.50% 5/1/2053 (a) |
135 |
140 |
||
|
Freddie Mac Pool #SD8329 5.00% 6/1/2053 (a) |
69 |
67 |
||
|
Freddie Mac Pool #SD8331 5.50% 6/1/2053 (a) |
24,410 |
24,380 |
||
|
Freddie Mac Pool #SD8332 6.00% 6/1/2053 (a) |
22,037 |
22,438 |
||
|
Freddie Mac Pool #RA9279 6.00% 6/1/2053 (a) |
3,778 |
3,861 |
||
|
Freddie Mac Pool #RA9283 6.00% 6/1/2053 (a) |
3,316 |
3,383 |
||
|
Freddie Mac Pool #RA9281 6.00% 6/1/2053 (a) |
2,369 |
2,416 |
||
|
Freddie Mac Pool #RA9284 6.00% 6/1/2053 (a) |
2,124 |
2,189 |
||
|
Freddie Mac Pool #SD3240 6.00% 6/1/2053 (a) |
1,333 |
1,358 |
||
|
Freddie Mac Pool #RA9294 6.50% 6/1/2053 (a) |
701 |
727 |
||
|
Freddie Mac Pool #RA9292 6.50% 6/1/2053 (a) |
637 |
660 |
||
|
Freddie Mac Pool #RA9289 6.50% 6/1/2053 (a) |
606 |
633 |
||
|
Freddie Mac Pool #RA9288 6.50% 6/1/2053 (a) |
572 |
596 |
||
|
Freddie Mac Pool #RA9287 6.50% 6/1/2053 (a) |
413 |
431 |
||
|
Freddie Mac Pool #RA9290 6.50% 6/1/2053 (a) |
312 |
326 |
||
|
Freddie Mac Pool #RA9291 6.50% 6/1/2053 (a) |
212 |
220 |
||
|
Freddie Mac Pool #RA9295 6.50% 6/1/2053 (a) |
173 |
181 |
||
|
Freddie Mac Pool #QG9049 3.00% 7/1/2053 (a) |
760 |
651 |
||
|
Freddie Mac Pool #SD8341 5.00% 7/1/2053 (a) |
36 |
35 |
||
|
Freddie Mac Pool #SD8342 5.50% 7/1/2053 (a)(e) |
103,645 |
103,418 |
||
|
Freddie Mac Pool #SD3386 5.50% 7/1/2053 (a) |
3,459 |
3,451 |
||
|
Freddie Mac Pool #QG7363 6.00% 7/1/2053 (a) |
11,621 |
11,792 |
||
|
Freddie Mac Pool #SD3553 6.00% 7/1/2053 (a) |
3,251 |
3,306 |
||
|
Freddie Mac Pool #SD3432 6.00% 7/1/2053 (a) |
1,234 |
1,260 |
||
|
Freddie Mac Pool #SD3356 6.00% 7/1/2053 (a) |
904 |
920 |
||
|
Freddie Mac Pool #SD8359 3.50% 8/1/2053 (a) |
863 |
766 |
||
|
Freddie Mac Pool #SD3620 5.50% 8/1/2053 (a) |
11,500 |
11,462 |
||
|
Freddie Mac Pool #RA9636 6.00% 8/1/2053 (a) |
4,807 |
4,887 |
||
|
Freddie Mac Pool #SD3512 6.00% 8/1/2053 (a) |
365 |
370 |
||
|
Freddie Mac Pool #QG9115 6.50% 8/1/2053 (a) |
77 |
80 |
||
|
Freddie Mac Pool #SD8362 5.50% 9/1/2053 (a) |
98 |
98 |
||
|
Freddie Mac Pool #RA9857 6.00% 9/1/2053 (a) |
27,215 |
27,668 |
||
|
Freddie Mac Pool #RA9854 6.00% 9/1/2053 (a) |
8,850 |
9,042 |
||
|
Freddie Mac Pool #SD8363 6.00% 9/1/2053 (a) |
703 |
715 |
||
|
Freddie Mac Pool #SL1562 3.00% 10/1/2053 (a) |
7,851 |
6,714 |
||
|
Freddie Mac Pool #SD4053 6.00% 10/1/2053 (a) |
19,421 |
19,732 |
||
|
Freddie Mac Pool #SD8368 6.00% 10/1/2053 (a) |
18,050 |
18,327 |
||
|
Freddie Mac Pool #SD4977 5.00% 11/1/2053 (a) |
31,132 |
30,328 |
||
|
Freddie Mac Pool #SD8374 6.50% 11/1/2053 (a) |
46,181 |
47,698 |
||
|
Freddie Mac Pool #RJ0326 6.50% 11/1/2053 (a) |
2,742 |
2,842 |
||
|
Freddie Mac Pool #SD4842 6.00% 12/1/2053 (a) |
2,064 |
2,097 |
||
|
Freddie Mac Pool #SD8385 6.50% 12/1/2053 (a) |
2,315 |
2,393 |
||
|
Freddie Mac Pool #SD6284 2.00% 1/1/2054 (a) |
2,960 |
2,329 |
||
|
Freddie Mac Pool #QH8513 2.00% 1/1/2054 (a) |
315 |
246 |
||
|
Freddie Mac Pool #QH8426 3.50% 1/1/2054 (a) |
334 |
297 |
||
|
Freddie Mac Pool #SD8396 6.00% 1/1/2054 (a) |
510 |
518 |
||
|
Freddie Mac Pool #SD4693 6.50% 1/1/2054 (a) |
3,180 |
3,287 |
||
|
Freddie Mac Pool #RJ0854 6.50% 1/1/2054 (a) |
798 |
824 |
||
|
Freddie Mac Pool #SD4614 6.50% 1/1/2054 (a) |
358 |
373 |
||
|
Freddie Mac Pool #QH7865 6.50% 1/1/2054 (a) |
43 |
45 |
||
|
American Funds Mortgage Fund |
12 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #SD8401 5.50% 2/1/2054 (a) |
USD15 |
$15 |
||
|
Freddie Mac Pool #SD4964 6.00% 2/1/2054 (a) |
13,040 |
13,315 |
||
|
Freddie Mac Pool #QI0006 6.00% 2/1/2054 (a) |
3,931 |
3,991 |
||
|
Freddie Mac Pool #SD8402 6.00% 2/1/2054 (a) |
2,322 |
2,357 |
||
|
Freddie Mac Pool #SL2362 6.50% 2/1/2054 (a) |
5,977 |
6,219 |
||
|
Freddie Mac Pool #RJ0856 6.50% 2/1/2054 (a) |
5,142 |
5,311 |
||
|
Freddie Mac Pool #RJ1066 5.50% 3/1/2054 (a) |
9,352 |
9,338 |
||
|
Freddie Mac Pool #SD8408 5.50% 3/1/2054 (a) |
5 |
5 |
||
|
Freddie Mac Pool #RJ1076 6.00% 3/1/2054 (a) |
1,544 |
1,567 |
||
|
Freddie Mac Pool #RJ1015 6.50% 3/1/2054 (a) |
193 |
200 |
||
|
Freddie Mac Pool #RJ1216 5.50% 4/1/2054 (a) |
4,659 |
4,651 |
||
|
Freddie Mac Pool #RJ1215 5.50% 4/1/2054 (a) |
881 |
877 |
||
|
Freddie Mac Pool #SD5303 6.00% 4/1/2054 (a) |
9,988 |
10,175 |
||
|
Freddie Mac Pool #RJ1348 6.00% 4/1/2054 (a) |
1,289 |
1,314 |
||
|
Freddie Mac Pool #QI3333 6.00% 4/1/2054 (a) |
666 |
678 |
||
|
Freddie Mac Pool #SD5221 6.50% 4/1/2054 (a) |
3,279 |
3,414 |
||
|
Freddie Mac Pool #RJ1419 5.50% 5/1/2054 (a) |
5,043 |
5,032 |
||
|
Freddie Mac Pool #RJ1429 6.00% 5/1/2054 (a) |
14,452 |
14,734 |
||
|
Freddie Mac Pool #SD5692 6.00% 5/1/2054 (a) |
909 |
928 |
||
|
Freddie Mac Pool #SD8432 6.00% 5/1/2054 (a) |
200 |
202 |
||
|
Freddie Mac Pool #SD5404 6.50% 5/1/2054 (a) |
6,053 |
6,267 |
||
|
Freddie Mac Pool #RJ1855 5.00% 6/1/2054 (a) |
1,658 |
1,612 |
||
|
Freddie Mac Pool #RJ1857 5.50% 6/1/2054 (a) |
5,561 |
5,548 |
||
|
Freddie Mac Pool #RJ1768 5.50% 6/1/2054 (a) |
1,155 |
1,156 |
||
|
Freddie Mac Pool #SD8438 5.50% 6/1/2054 (a) |
303 |
302 |
||
|
Freddie Mac Pool #RJ1859 6.00% 6/1/2054 (a) |
19,148 |
19,516 |
||
|
Freddie Mac Pool #RJ1785 6.00% 6/1/2054 (a) |
6,139 |
6,258 |
||
|
Freddie Mac Pool #SD5719 6.00% 6/1/2054 (a) |
5,703 |
5,789 |
||
|
Freddie Mac Pool #RJ1779 6.00% 6/1/2054 (a) |
4,543 |
4,638 |
||
|
Freddie Mac Pool #SD8439 6.00% 6/1/2054 (a) |
24 |
24 |
||
|
Freddie Mac Pool #SD5706 6.50% 6/1/2054 (a) |
6,786 |
7,025 |
||
|
Freddie Mac Pool #SD5701 6.50% 6/1/2054 (a) |
3,492 |
3,636 |
||
|
Freddie Mac Pool #RJ1726 6.50% 6/1/2054 (a) |
2,599 |
2,691 |
||
|
Freddie Mac Pool #RJ1725 6.50% 6/1/2054 (a) |
1,362 |
1,418 |
||
|
Freddie Mac Pool #SD8446 5.50% 7/1/2054 (a) |
12,735 |
12,672 |
||
|
Freddie Mac Pool #QI8872 5.50% 7/1/2054 (a) |
1,944 |
1,939 |
||
|
Freddie Mac Pool #RJ1963 5.50% 7/1/2054 (a) |
255 |
254 |
||
|
Freddie Mac Pool #SD8447 6.00% 7/1/2054 (a) |
39,347 |
39,940 |
||
|
Freddie Mac Pool #RJ1975 6.00% 7/1/2054 (a) |
15,486 |
15,783 |
||
|
Freddie Mac Pool #RJ1964 6.00% 7/1/2054 (a) |
13,850 |
14,194 |
||
|
Freddie Mac Pool #SD5949 6.00% 7/1/2054 (a) |
6,226 |
6,326 |
||
|
Freddie Mac Pool #SD5813 6.00% 7/1/2054 (a) |
4,020 |
4,085 |
||
|
Freddie Mac Pool #QI8874 6.00% 7/1/2054 (a) |
3,759 |
3,831 |
||
|
Freddie Mac Pool #SD5873 6.00% 7/1/2054 (a) |
1,303 |
1,323 |
||
|
Freddie Mac Pool #SD5896 6.00% 7/1/2054 (a) |
1,185 |
1,203 |
||
|
Freddie Mac Pool #SD8448 6.50% 7/1/2054 (a) |
39,522 |
40,777 |
||
|
Freddie Mac Pool #RJ1986 6.50% 7/1/2054 (a) |
10,455 |
10,810 |
||
|
Freddie Mac Pool #SD5905 6.50% 7/1/2054 (a) |
5,555 |
5,783 |
||
|
Freddie Mac Pool #QI9151 6.50% 7/1/2054 (a) |
4,633 |
4,821 |
||
|
Freddie Mac Pool #RJ2525 6.50% 7/1/2054 (a) |
1,853 |
1,912 |
||
|
Freddie Mac Pool #RJ2700 6.50% 7/1/2054 (a) |
928 |
957 |
||
|
Freddie Mac Pool #RJ2193 5.00% 8/1/2054 (a) |
3,441 |
3,348 |
||
|
Freddie Mac Pool #RJ2241 5.00% 8/1/2054 (a) |
2,295 |
2,231 |
||
|
Freddie Mac Pool #RJ2195 5.00% 8/1/2054 (a) |
2,171 |
2,109 |
||
|
Freddie Mac Pool #RJ2200 5.50% 8/1/2054 (a) |
5,140 |
5,116 |
||
|
Freddie Mac Pool #RJ2206 5.50% 8/1/2054 (a) |
2,991 |
2,976 |
||
|
Freddie Mac Pool #RJ2243 5.50% 8/1/2054 (a) |
2,963 |
2,955 |
||
|
Freddie Mac Pool #SD6286 5.50% 8/1/2054 (a) |
2,927 |
2,923 |
||
|
Freddie Mac Pool #RJ2203 5.50% 8/1/2054 (a) |
537 |
535 |
||
|
Freddie Mac Pool #RJ2210 6.00% 8/1/2054 (a) |
17,641 |
17,891 |
||
|
Freddie Mac Pool #RJ2216 6.00% 8/1/2054 (a) |
9,502 |
9,636 |
||
|
Freddie Mac Pool #SD8454 6.00% 8/1/2054 (a) |
8,269 |
8,386 |
||
|
Freddie Mac Pool #RJ2212 6.00% 8/1/2054 (a) |
3,694 |
3,768 |
||
|
Freddie Mac Pool #SD6045 6.00% 8/1/2054 (a) |
3,027 |
3,089 |
||
|
Freddie Mac Pool #SD6029 6.00% 8/1/2054 (a) |
2,378 |
2,413 |
||
|
Freddie Mac Pool #QJ3296 6.00% 8/1/2054 (a) |
162 |
165 |
||
|
13 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #SD6034 6.50% 8/1/2054 (a) |
USD6,640 |
$6,857 |
||
|
Freddie Mac Pool #RJ2247 6.50% 8/1/2054 (a) |
6,037 |
6,251 |
||
|
Freddie Mac Pool #RJ2222 6.50% 8/1/2054 (a) |
3,845 |
3,982 |
||
|
Freddie Mac Pool #RJ2228 6.50% 8/1/2054 (a) |
3,344 |
3,451 |
||
|
Freddie Mac Pool #SD6047 6.50% 8/1/2054 (a) |
2,276 |
2,369 |
||
|
Freddie Mac Pool #SD6035 6.50% 8/1/2054 (a) |
1,729 |
1,800 |
||
|
Freddie Mac Pool #QJ4825 5.00% 9/1/2054 (a) |
3,099 |
3,007 |
||
|
Freddie Mac Pool #RJ2422 5.50% 9/1/2054 (a) |
6,090 |
6,062 |
||
|
Freddie Mac Pool #RJ2415 5.50% 9/1/2054 (a) |
2,558 |
2,558 |
||
|
Freddie Mac Pool #RJ2408 5.50% 9/1/2054 (a) |
2,325 |
2,320 |
||
|
Freddie Mac Pool #SD6328 5.50% 9/1/2054 (a) |
668 |
668 |
||
|
Freddie Mac Pool #QJ3044 5.50% 9/1/2054 (a) |
50 |
50 |
||
|
Freddie Mac Pool #RJ2314 6.00% 9/1/2054 (a) |
9,260 |
9,432 |
||
|
Freddie Mac Pool #SD8463 6.00% 9/1/2054 (a) |
4,963 |
5,033 |
||
|
Freddie Mac Pool #RJ2312 6.00% 9/1/2054 (a) |
4,577 |
4,663 |
||
|
Freddie Mac Pool #RJ2306 6.00% 9/1/2054 (a) |
4,453 |
4,546 |
||
|
Freddie Mac Pool #RJ2308 6.00% 9/1/2054 (a) |
4,412 |
4,501 |
||
|
Freddie Mac Pool #RJ2309 6.00% 9/1/2054 (a) |
2,520 |
2,556 |
||
|
Freddie Mac Pool #RJ2411 6.50% 9/1/2054 (a) |
9,934 |
10,287 |
||
|
Freddie Mac Pool #RJ2470 6.50% 9/1/2054 (a) |
3,260 |
3,365 |
||
|
Freddie Mac Pool #RJ2320 6.50% 9/1/2054 (a) |
2,531 |
2,635 |
||
|
Freddie Mac Pool #QJ4693 6.50% 9/1/2054 (a) |
2,359 |
2,454 |
||
|
Freddie Mac Pool #SD6531 6.50% 9/1/2054 (a) |
2,158 |
2,247 |
||
|
Freddie Mac Pool #RJ2325 6.50% 9/1/2054 (a) |
1,012 |
1,048 |
||
|
Freddie Mac Pool #SD6271 6.50% 9/1/2054 (a) |
384 |
398 |
||
|
Freddie Mac Pool #QJ6339 3.50% 10/1/2054 (a) |
33 |
30 |
||
|
Freddie Mac Pool #RJ2664 5.00% 10/1/2054 (a) |
50 |
49 |
||
|
Freddie Mac Pool #RJ2625 5.50% 10/1/2054 (a) |
15,534 |
15,466 |
||
|
Freddie Mac Pool #SD8469 5.50% 10/1/2054 (a) |
645 |
642 |
||
|
Freddie Mac Pool #RJ2851 4.50% 11/1/2054 (a) |
4,396 |
4,150 |
||
|
Freddie Mac Pool #RJ2860 5.00% 11/1/2054 (a) |
11,424 |
11,093 |
||
|
Freddie Mac Pool #QJ7708 5.00% 11/1/2054 (a) |
780 |
757 |
||
|
Freddie Mac Pool #RJ2917 5.50% 11/1/2054 (a) |
19,427 |
19,312 |
||
|
Freddie Mac Pool #SD8475 5.50% 11/1/2054 (a) |
11,893 |
11,819 |
||
|
Freddie Mac Pool #RJ2922 6.00% 11/1/2054 (a) |
1,151 |
1,167 |
||
|
Freddie Mac Pool #QJ9527 6.00% 11/1/2054 (a) |
97 |
98 |
||
|
Freddie Mac Pool #QJ8303 6.00% 11/1/2054 (a) |
51 |
52 |
||
|
Freddie Mac Pool #RJ3012 5.00% 12/1/2054 (a) |
26,387 |
25,681 |
||
|
Freddie Mac Pool #RJ3163 5.00% 12/1/2054 (a) |
20,548 |
19,978 |
||
|
Freddie Mac Pool #RJ3017 5.00% 12/1/2054 (a) |
8,128 |
7,863 |
||
|
Freddie Mac Pool #QX1743 5.00% 12/1/2054 (a) |
4,660 |
4,531 |
||
|
Freddie Mac Pool #QX2834 5.00% 12/1/2054 (a) |
1,539 |
1,496 |
||
|
Freddie Mac Pool #SD8491 5.00% 12/1/2054 (a) |
863 |
838 |
||
|
Freddie Mac Pool #SD8493 5.50% 12/1/2054 (a) |
244 |
242 |
||
|
Freddie Mac Pool #QX0553 6.00% 12/1/2054 (a) |
5,510 |
5,582 |
||
|
Freddie Mac Pool #QX1463 6.00% 12/1/2054 (a) |
3,540 |
3,590 |
||
|
Freddie Mac Pool #QX0384 6.00% 12/1/2054 (a) |
1,783 |
1,817 |
||
|
Freddie Mac Pool #SD8500 3.50% 1/1/2055 (a) |
7,211 |
6,408 |
||
|
Freddie Mac Pool #SD8494 5.50% 1/1/2055 (a) |
133 |
132 |
||
|
Freddie Mac Pool #QX4065 6.00% 1/1/2055 (a) |
57,320 |
58,137 |
||
|
Freddie Mac Pool #QX2593 6.00% 1/1/2055 (a) |
39,385 |
39,976 |
||
|
Freddie Mac Pool #RJ3264 4.50% 2/1/2055 (a) |
3,569 |
3,365 |
||
|
Freddie Mac Pool #SD8507 6.00% 2/1/2055 (a) |
38,539 |
39,060 |
||
|
Freddie Mac Pool #SL0797 6.00% 2/1/2055 (a) |
5,134 |
5,227 |
||
|
Freddie Mac Pool #QX6717 6.00% 2/1/2055 (a) |
101 |
103 |
||
|
Freddie Mac Pool #QX6697 6.50% 2/1/2055 (a) |
124 |
128 |
||
|
Freddie Mac Pool #SD8520 3.50% 3/1/2055 (a) |
859 |
763 |
||
|
Freddie Mac Pool #SD8515 5.50% 3/1/2055 (a) |
5 |
5 |
||
|
Freddie Mac Pool #QX8785 6.50% 3/1/2055 (a) |
466 |
482 |
||
|
Freddie Mac Pool #SL1094 5.00% 4/1/2055 (a) |
3,023 |
2,927 |
||
|
Freddie Mac Pool #SL0796 6.00% 4/1/2055 (a) |
2,083 |
2,110 |
||
|
Freddie Mac Pool #QY0775 6.00% 4/1/2055 (a) |
817 |
828 |
||
|
Freddie Mac Pool #QY2226 6.00% 4/1/2055 (a) |
814 |
824 |
||
|
Freddie Mac Pool #SL1863 6.50% 4/1/2055 (a) |
170 |
175 |
||
|
Freddie Mac Pool #SD8532 5.00% 5/1/2055 (a) |
5,807 |
5,622 |
||
|
Freddie Mac Pool #QY3029 5.50% 5/1/2055 (a) |
1,347 |
1,336 |
||
|
American Funds Mortgage Fund |
14 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Freddie Mac Pool #SL1137 6.00% 5/1/2055 (a) |
USD964 |
$977 |
||
|
Freddie Mac Pool #QY2211 6.50% 5/1/2055 (a) |
185 |
191 |
||
|
Freddie Mac Pool #QY8196 3.50% 6/1/2055 (a) |
726 |
645 |
||
|
Freddie Mac Pool #RQ0017 3.50% 6/1/2055 (a) |
119 |
105 |
||
|
Freddie Mac Pool #RQ0012 5.00% 6/1/2055 (a) |
3,422 |
3,313 |
||
|
Freddie Mac Pool #QY5947 6.00% 6/1/2055 (a) |
224 |
227 |
||
|
Freddie Mac Pool #QY6148 6.50% 6/1/2055 (a) |
118 |
122 |
||
|
Freddie Mac Pool #QY7483 6.00% 7/1/2055 (a) |
1,173 |
1,188 |
||
|
Freddie Mac Pool #SL1959 6.50% 7/1/2055 (a) |
24,894 |
25,671 |
||
|
Freddie Mac Pool #RJ4710 6.50% 8/1/2055 (a) |
1,971 |
2,037 |
||
|
Freddie Mac Pool #SL2647 6.50% 9/1/2055 (a) |
9,114 |
9,464 |
||
|
Freddie Mac Pool #RQ0062 4.50% 11/1/2055 (a) |
1,802 |
1,695 |
||
|
Freddie Mac Pool #SL5268 6.50% 11/1/2055 (a) |
1,752 |
1,810 |
||
|
Freddie Mac Pool #RQ0074 4.50% 12/1/2055 (a) |
10,966 |
10,313 |
||
|
Freddie Mac Pool #SL3368 6.00% 12/1/2055 (a) |
16,944 |
17,173 |
||
|
Freddie Mac Pool #RQ0078 6.50% 12/1/2055 (a) |
12,451 |
12,837 |
||
|
Freddie Mac Pool #RQ0081 3.50% 1/1/2056 (a) |
1,612 |
1,432 |
||
|
Freddie Mac Pool #TA3866 6.50% 1/1/2056 (a) |
248 |
256 |
||
|
Freddie Mac Pool #RQ0094 5.00% 2/1/2056 (a) |
89,491 |
86,507 |
||
|
Freddie Mac Pool #RJ7223 5.50% 8/1/2056 (a) |
29,308 |
29,161 |
||
|
Freddie Mac Pool #RJ7217 5.50% 8/1/2056 (a) |
18,829 |
18,676 |
||
|
Freddie Mac Pool #SL6262 6.00% 8/1/2056 (a) |
16,988 |
17,325 |
||
|
Freddie Mac Pool #RJ7466 5.50% 9/1/2056 (a) |
33,443 |
33,276 |
||
|
Freddie Mac Pool #RJ7463 5.50% 9/1/2056 (a) |
16,048 |
16,008 |
||
|
Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/2030 (a) |
24,000 |
23,789 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 (a) |
1,859 |
1,721 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/2056 (a) |
3,570 |
3,039 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/2056 (a)(d) |
7,041 |
6,563 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056 (a) |
538 |
460 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 (a) |
2,234 |
2,076 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 (a)(d) |
2,116 |
1,957 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057 (a) |
3,304 |
2,765 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 (a)(d) |
668 |
640 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/2058 (a) |
1,121 |
983 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 (a) |
386 |
368 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/25/2058 (a) |
939 |
818 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 (a) |
572 |
502 |
||
|
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2024-2, Class MT, 3.50% 5/25/2064 (a) |
53,042 |
45,069 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 (a) |
3,140 |
3,071 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2021-2, Class AC, 2.00% 9/25/2030 (a) |
25,054 |
22,560 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-3, Class AC, 2.00% 11/25/2030 (a) |
23,611 |
21,179 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2021-1, Class AC, 2.25% 5/26/2031 (a) |
23,595 |
21,305 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2021-2, Class AD, 2.00% 7/25/2031 (a) |
20,184 |
17,842 |
||
|
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/2032 (a) |
19,258 |
18,160 |
||
|
Government National Mortgage Assn. 4.50% 9/1/2056 (a)(f) |
38,001 |
35,604 |
||
|
Government National Mortgage Assn. 4.50% 10/1/2056 (a)(f) |
138,365 |
129,517 |
||
|
Government National Mortgage Assn. Pool #778205 4.00% 3/20/2032 (a) |
148 |
147 |
||
|
Government National Mortgage Assn. Pool #778208 4.00% 5/20/2032 (a) |
183 |
180 |
||
|
Government National Mortgage Assn. Pool #796771 6.50% 10/20/2032 (a) |
116 |
119 |
||
|
Government National Mortgage Assn. Pool #AD0867 4.25% 4/20/2034 (a) |
369 |
359 |
||
|
Government National Mortgage Assn. Pool #AH5896 3.75% 7/20/2034 (a) |
387 |
371 |
||
|
Government National Mortgage Assn. Pool #AH5904 3.25% 2/20/2035 (a) |
577 |
546 |
||
|
Government National Mortgage Assn. Pool #AH5907 3.25% 4/20/2035 (a) |
582 |
549 |
||
|
Government National Mortgage Assn. Pool #AH5908 3.25% 5/20/2035 (a) |
868 |
818 |
||
|
Government National Mortgage Assn. Pool #AC2887 5.00% 7/20/2035 (a) |
69 |
69 |
||
|
Government National Mortgage Assn. Pool #AH5911 3.25% 8/20/2035 (a) |
1,247 |
1,143 |
||
|
Government National Mortgage Assn. Pool #AA7288 3.75% 6/20/2037 (a) |
211 |
199 |
||
|
Government National Mortgage Assn. Pool #773549 6.50% 12/20/2038 (a) |
63 |
65 |
||
|
Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039 (a) |
670 |
683 |
||
|
Government National Mortgage Assn. Pool #AH5905 3.25% 1/20/2040 (a) |
457 |
403 |
||
|
Government National Mortgage Assn. Pool #783689 5.50% 2/20/2040 (a) |
668 |
672 |
||
|
Government National Mortgage Assn. Pool #AH5909 3.25% 5/20/2040 (a) |
205 |
180 |
||
|
Government National Mortgage Assn. Pool #AH5912 3.25% 8/20/2040 (a) |
407 |
359 |
||
|
Government National Mortgage Assn. Pool #AC2904 4.50% 5/20/2041 (a) |
300 |
292 |
||
|
Government National Mortgage Assn. Pool #783688 5.00% 6/20/2041 (a) |
523 |
520 |
||
|
Government National Mortgage Assn. Pool #MA0274 4.50% 7/20/2041 (a) |
177 |
168 |
||
|
15 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Government National Mortgage Assn. Pool #005158 5.00% 8/20/2041 (a) |
USD359 |
$349 |
||
|
Government National Mortgage Assn. Pool #005165 6.50% 8/20/2041 (a) |
39 |
40 |
||
|
Government National Mortgage Assn. Pool #MA0273 4.00% 9/20/2041 (a) |
383 |
356 |
||
|
Government National Mortgage Assn. Pool #AB3621 4.50% 9/20/2041 (a) |
92 |
90 |
||
|
Government National Mortgage Assn. Pool #AE5743 5.00% 9/20/2041 (a) |
694 |
689 |
||
|
Government National Mortgage Assn. Pool #MA0310 4.50% 10/20/2041 (a) |
274 |
261 |
||
|
Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 (a) |
361 |
351 |
||
|
Government National Mortgage Assn. Pool #793043 2.75% 1/15/2042 (a) |
181 |
161 |
||
|
Government National Mortgage Assn. Pool #799829 2.75% 2/15/2042 (a) |
147 |
129 |
||
|
Government National Mortgage Assn. Pool #AB2159 4.50% 3/20/2042 (a) |
379 |
368 |
||
|
Government National Mortgage Assn. Pool #770241 4.00% 5/20/2042 (a) |
262 |
246 |
||
|
Government National Mortgage Assn. Pool #792276 3.50% 6/15/2042 (a) |
133 |
123 |
||
|
Government National Mortgage Assn. Pool #770242 4.00% 6/20/2042 (a) |
333 |
313 |
||
|
Government National Mortgage Assn. Pool #AC2872 4.00% 6/20/2042 (a) |
94 |
90 |
||
|
Government National Mortgage Assn. Pool #799343 3.50% 7/15/2042 (a) |
273 |
254 |
||
|
Government National Mortgage Assn. Pool #AB1330 2.75% 8/15/2042 (a) |
91 |
79 |
||
|
Government National Mortgage Assn. Pool #AB1591 2.75% 9/15/2042 (a) |
167 |
148 |
||
|
Government National Mortgage Assn. Pool #AG5105 3.50% 9/20/2043 (a) |
241 |
221 |
||
|
Government National Mortgage Assn. Pool #AG5106 4.00% 9/20/2043 (a) |
335 |
313 |
||
|
Government National Mortgage Assn. Pool #AA7306 3.50% 11/20/2043 (a) |
446 |
408 |
||
|
Government National Mortgage Assn. Pool #AH5880 3.75% 5/20/2044 (a) |
747 |
689 |
||
|
Government National Mortgage Assn. Pool #AH5881 4.25% 5/20/2044 (a) |
343 |
324 |
||
|
Government National Mortgage Assn. Pool #MA3727 4.00% 6/20/2046 (a) |
699 |
638 |
||
|
Government National Mortgage Assn. Pool #MA4511 4.00% 6/20/2047 (a) |
2,520 |
2,342 |
||
|
Government National Mortgage Assn. Pool #MA6041 4.50% 7/20/2049 (a) |
202 |
193 |
||
|
Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 (a) |
5 |
5 |
||
|
Government National Mortgage Assn. Pool #MA6709 2.50% 6/20/2050 (a) |
41 |
34 |
||
|
Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 (a) |
6,745 |
5,424 |
||
|
Government National Mortgage Assn. Pool #BZ3978 2.50% 11/20/2050 (a) |
4,588 |
3,836 |
||
|
Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 (a) |
17,697 |
14,232 |
||
|
Government National Mortgage Assn. Pool #MA7192 2.00% 2/20/2051 (a) |
141,020 |
113,404 |
||
|
Government National Mortgage Assn. Pool #MA7533 2.00% 8/20/2051 (a) |
8,982 |
7,217 |
||
|
Government National Mortgage Assn. Pool #785575 2.50% 8/20/2051 (a) |
51,208 |
42,680 |
||
|
Government National Mortgage Assn. Pool #785659 2.50% 10/20/2051 (a) |
5,546 |
4,630 |
||
|
Government National Mortgage Assn. Pool #785792 2.50% 12/20/2051 (a) |
68,325 |
56,989 |
||
|
Government National Mortgage Assn. Pool #786706 2.50% 12/20/2051 (a) |
5,270 |
4,391 |
||
|
Government National Mortgage Assn. Pool #MA7827 2.50% 1/20/2052 (a) |
2,402 |
2,013 |
||
|
Government National Mortgage Assn. Pool #785847 2.50% 1/20/2052 (a) |
1,879 |
1,567 |
||
|
Government National Mortgage Assn. Pool #MA7880 2.00% 2/20/2052 (a) |
8,232 |
6,612 |
||
|
Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 (a) |
11,791 |
9,879 |
||
|
Government National Mortgage Assn. Pool #MA7936 2.50% 3/20/2052 (a) |
7,644 |
6,402 |
||
|
Government National Mortgage Assn. Pool #786647 2.50% 3/20/2052 (a) |
6,895 |
5,805 |
||
|
Government National Mortgage Assn. Pool #786701 2.50% 3/20/2052 (a) |
4,501 |
3,767 |
||
|
Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 (a) |
4,307 |
3,752 |
||
|
Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 (a) |
3,485 |
2,919 |
||
|
Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 (a) |
3,258 |
2,838 |
||
|
Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 (a) |
18,803 |
16,742 |
||
|
Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 (a) |
7,137 |
6,575 |
||
|
Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/2053 (a) |
5,304 |
4,884 |
||
|
Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053 (a) |
3,333 |
3,070 |
||
|
Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 (a) |
15,349 |
14,548 |
||
|
Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 (a) |
1,616 |
1,472 |
||
|
Government National Mortgage Assn. Pool #MB0147 5.50% 1/20/2055 (a) |
2,112 |
2,106 |
||
|
Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 (a) |
1,374 |
1,370 |
||
|
Government National Mortgage Assn. Pool #MB0424 5.50% 6/20/2055 (a) |
7,916 |
7,886 |
||
|
Government National Mortgage Assn. Pool #MB0485 5.50% 7/20/2055 (a) |
5,311 |
5,289 |
||
|
Government National Mortgage Assn. Pool #MB0556 5.50% 8/20/2055 (a) |
1,580 |
1,573 |
||
|
Government National Mortgage Assn. Pool #773441 5.20% 4/20/2062 (a) |
— (b) |
— (b) |
||
|
Government National Mortgage Assn. Pool #AQ8290 4.927% 2/20/2066 (a) |
1 |
1 |
||
|
Government National Mortgage Assn. Pool #AQ8292 5.197% 2/20/2066 (a) |
1 |
1 |
||
|
Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 (a) |
7,418 |
5,354 |
||
|
Government National Mortgage Assn., Series 2016-H13, Class IO, interest only, 0.456% 5/20/2066 (a)(d) |
1,504 |
24 |
||
|
Uniform Mortgage-Backed Security 2.50% 9/1/2041 (a)(f) |
8,572 |
7,897 |
||
|
Uniform Mortgage-Backed Security 3.50% 9/1/2041 (a)(f) |
10,000 |
9,391 |
||
|
Uniform Mortgage-Backed Security 4.00% 9/1/2041 (a)(f) |
11,000 |
10,526 |
||
|
Uniform Mortgage-Backed Security 5.00% 9/1/2041 (a)(f) |
20,000 |
19,909 |
||
|
American Funds Mortgage Fund |
16 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Mortgage-backed obligations (continued) |
||||
|
Federal agency mortgage-backed obligations (continued) |
||||
|
Uniform Mortgage-Backed Security 2.50% 10/1/2041 (a)(f) |
USD3,578 |
$3,295 |
||
|
Uniform Mortgage-Backed Security 2.00% 9/1/2056 (a)(f) |
82,684 |
64,526 |
||
|
Uniform Mortgage-Backed Security 2.50% 9/1/2056 (a)(f) |
292,531 |
238,847 |
||
|
Uniform Mortgage-Backed Security 3.00% 9/1/2056 (a)(f) |
153,102 |
130,603 |
||
|
Uniform Mortgage-Backed Security 3.50% 9/1/2056 (a)(f) |
70,066 |
62,192 |
||
|
Uniform Mortgage-Backed Security 4.00% 9/1/2056 (a)(f) |
152,644 |
139,401 |
||
|
Uniform Mortgage-Backed Security 4.50% 9/1/2056 (a)(f) |
14,415 |
13,541 |
||
|
Uniform Mortgage-Backed Security 5.00% 9/1/2056 (a)(f) |
85,697 |
82,731 |
||
|
Uniform Mortgage-Backed Security 5.50% 9/1/2056 (a)(f) |
39,539 |
39,156 |
||
|
Uniform Mortgage-Backed Security 6.00% 9/1/2056 (a)(f) |
123,078 |
124,491 |
||
|
Uniform Mortgage-Backed Security 6.50% 9/1/2056 (a)(f) |
125,928 |
129,804 |
||
|
Uniform Mortgage-Backed Security 2.00% 10/1/2056 (a)(f) |
140,390 |
109,494 |
||
|
Uniform Mortgage-Backed Security 2.50% 10/1/2056 (a)(f) |
225,361 |
183,880 |
||
|
Uniform Mortgage-Backed Security 3.00% 10/1/2056 (a)(f) |
42,082 |
35,869 |
||
|
Uniform Mortgage-Backed Security 3.50% 10/1/2056 (a)(f) |
86,962 |
77,124 |
||
|
Uniform Mortgage-Backed Security 4.00% 10/1/2056 (a)(f) |
80,711 |
73,649 |
||
|
Uniform Mortgage-Backed Security 4.50% 10/1/2056 (a)(f) |
30,585 |
28,701 |
||
|
Uniform Mortgage-Backed Security 5.00% 10/1/2056 (a)(f) |
185,316 |
178,686 |
||
|
Uniform Mortgage-Backed Security 5.50% 10/1/2056 (a)(f) |
65,454 |
64,720 |
||
|
Uniform Mortgage-Backed Security 6.00% 10/1/2056 (a)(f) |
713,954 |
721,008 |
||
|
Uniform Mortgage-Backed Security 6.50% 10/1/2056 (a)(f) |
153,571 |
158,034 |
||
|
8,019,781 |
||||
|
Commercial mortgage-backed securities 0.55% |
||||
|
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 (a)(c)(d) |
31,782 |
32,083 |
||
|
Extended Stay America Trust, Series 2026-ESH2, Class A, (1-month USD CME Term SOFR + 1.20%) 4.839% 2/15/2043 (a)(c)(d) |
14,054 |
14,080 |
||
|
FS Commercial Mortgage Trust, Series 2026-PALM, Class A, (1-month USD CME Term SOFR + 1.40%) 5.039% 7/15/2041 (a)(c)(d) |
3,595 |
3,604 |
||
|
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) 4.639% 1/15/2039 (a)(c)(d) |
21,530 |
21,550 |
||
|
71,317 |
||||
|
Collateralized mortgage-backed obligations (privately originated) 0.52% |
||||
|
Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049 (a)(c)(d) |
21 |
21 |
||
|
CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 (a)(c)(d) |
11,717 |
10,912 |
||
|
COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 (a)(c)(d) |
655 |
590 |
||
|
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 (a)(c) |
2,179 |
2,187 |
||
|
Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 (a)(c)(d) |
9,074 |
9,190 |
||
|
PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 (a)(c)(d) |
6,901 |
6,962 |
||
|
Sequoia Mortgage Trust, Series 2026-MED2, Class A1A, 5.613% 8/25/2056 (a)(c)(d) |
35,918 |
35,683 |
||
|
Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 (a)(c)(d) |
1,394 |
1,390 |
||
|
66,935 |
||||
|
Total mortgage-backed obligations |
8,158,033 |
|||
|
U.S. Treasury bonds & notes 9.19% |
||||
|
U.S. Treasury 9.19% |
||||
|
U.S. Treasury 0.875% 9/30/2026 |
400 |
399 |
||
|
U.S. Treasury 3.50% 9/30/2026 |
44,000 |
43,988 |
||
|
U.S. Treasury 4.125% 1/31/2027 |
27,000 |
27,015 |
||
|
U.S. Treasury 3.75% 6/30/2027 |
28,376 |
28,279 |
||
|
U.S. Treasury 3.50% 10/31/2027 |
110,000 |
109,039 |
||
|
U.S. Treasury 1.25% 5/31/2028 |
3,800 |
3,605 |
||
|
U.S. Treasury 1.25% 6/30/2028 |
19,000 |
17,980 |
||
|
U.S. Treasury 4.125% 7/31/2028 (e) |
118,000 |
117,551 |
||
|
U.S. Treasury 1.75% 1/31/2029 |
10,000 |
9,404 |
||
|
U.S. Treasury 4.50% 5/31/2029 (e) |
136,000 |
136,367 |
||
|
U.S. Treasury 3.625% 12/31/2030 |
15,047 |
14,546 |
||
|
U.S. Treasury 3.50% 2/28/2031 |
61,607 |
59,181 |
||
|
U.S. Treasury 4.125% 10/31/2031 |
5,184 |
5,092 |
||
|
U.S. Treasury 4.375% 1/31/2032 |
11,000 |
10,919 |
||
|
U.S. Treasury 1.875% 2/15/2032 |
10,000 |
8,725 |
||
|
U.S. Treasury 2.875% 5/15/2032 |
5,822 |
5,336 |
||
|
17 |
American Funds Mortgage Fund |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
U.S. Treasury bonds & notes (continued) |
||||
|
U.S. Treasury (continued) |
||||
|
U.S. Treasury 4.00% 6/30/2032 |
USD30,000 |
$29,170 |
||
|
U.S. Treasury 3.875% 12/31/2032 (e) |
122,000 |
117,330 |
||
|
U.S. Treasury 4.00% 11/15/2035 |
9,233 |
8,741 |
||
|
U.S. Treasury 4.125% 2/15/2036 |
8,574 |
8,183 |
||
|
U.S. Treasury 1.375% 11/15/2040 |
3,168 |
1,992 |
||
|
U.S. Treasury 1.875% 2/15/2041 |
18,333 |
12,363 |
||
|
U.S. Treasury 3.25% 5/15/2042 |
8,193 |
6,537 |
||
|
U.S. Treasury 1.875% 2/15/2051 |
11,600 |
6,149 |
||
|
U.S. Treasury 2.00% 8/15/2051 |
11,000 |
5,972 |
||
|
U.S. Treasury 4.625% 2/15/2055 |
45,000 |
40,809 |
||
|
U.S. Treasury 4.75% 8/15/2055 |
63,000 |
58,297 |
||
|
U.S. Treasury 4.625% 11/15/2055 (e) |
79,000 |
71,651 |
||
|
U.S. Treasury 4.75% 2/15/2056 (e) |
219,362 |
203,252 |
||
|
U.S. Treasury 5.00% 5/15/2056 |
20,000 |
19,281 |
||
|
Total U.S. Treasury bonds & notes |
1,187,153 |
|||
|
Asset-backed obligations 1.36% |
||||
|
Collateralized loan obligations 0.52% |
||||
|
522 Funding CLO, Ltd., Series 2019-5A, Class AR2, (3-month USD CME Term SOFR + 1.02%)
4.773%
4/15/2035 (a)(c)(d) |
2,385 |
2,388 |
||
|
Ares LXII CLO, Ltd., Series 2021-62, Class A1R, (3-month USD CME Term SOFR + 1.07%) 4.88% 1/25/2034 (a)(c)(d) |
3,150 |
3,154 |
||
|
Bain Capital Credit CLO, Ltd., Series 2019-1A, Class AR3, (3-month USD CME Term SOFR + 0.98%) 4.709% 4/19/2034 (a)(c)(d) |
4,564 |
4,570 |
||
|
Ballyrock CLO 20, Ltd., Series 2022-20A, Class A1A3, (3-month USD CME Term SOFR + 1.05%) 4.803% 10/15/2036 (a)(c)(d) |
15,000 |
15,005 |
||
|
Canyon Capital CLO, Ltd., Series 2016-1AR, Class CR2, (3-month USD CME Term SOFR + 1.05%) 5.15% 7/15/2031 (a)(c)(d) |
1,628 |
1,629 |
||
|
Canyon Capital CLO, Ltd., Series 2016-2A, Class AR2, (3-month USD CME Term SOFR + 1.05%) 4.65% 10/15/2031 (a)(c)(d) |
4,404 |
4,407 |
||
|
Canyon Capital CLO, Ltd., Series 2021-1A, Class AR, (3-month USD CME Term SOFR + 1.05%)
4.803%
4/15/2034 (a)(c)(d) |
11,829 |
11,841 |
||
|
Canyon Capital CLO, Ltd., Series 2017-1A, Class AR2, (3-month USD CME Term SOFR + 1.05%) 4.784% 7/15/2034 (a)(c)(d) |
783 |
783 |
||
|
Canyon Capital CLO, Ltd., Series 2018-1A, Class AR1, (3-month USD CME Term SOFR + 1.05%) 4.803% 10/15/2034 (a)(c)(d) |
2,321 |
2,324 |
||
|
Flatiron CLO 28, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%)
4.833%
7/15/2036 (a)(c)(d) |
8,000 |
8,003 |
||
|
Jamestown CLO XIV, Ltd., Series 2019-14A, Class A1RR, (3-month USD CME Term SOFR + 1.04%) 4.769% 10/20/2034 (a)(c)(d) |
4,513 |
4,516 |
||
|
Magnetite XXII, Ltd., CLO, Series 2019-22, Class ARR, (3-month USD CME Term SOFR +
1.25%) 5.003%
7/15/2036 (a)(c)(d) |
3,000 |
3,003 |
||
|
Sound Point CLO XXXIII, Ltd., Series 2022-1A, Class AR, (3-month USD CME Term SOFR + 1.10%) 4.91% 4/20/2035 (a)(c)(d) |
4,982 |
4,985 |
||
|
66,608 |
||||
|
Other asset-backed securities 0.39% |
||||
|
Affirm Master Trust, Series 2026-1A, Class A, 4.37% 2/15/2034 (a)(c) |
12,612 |
12,553 |
||
|
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 (a)(c) |
4,871 |
3,728 |
||
|
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 (a)(c) |
2,154 |
1,740 |
||
|
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 (a)(c) |
9,208 |
6,949 |
||
|
DLLMT, LLC, Series 2026-1A, Class A2, 4.03% 7/20/2028 (a)(c) |
9,958 |
9,941 |
||
|
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 (a)(c) |
12,130 |
9,516 |
||
|
PEAC Solutions Receivables, LLC, Series 2026-1A, Class A2, 4.27% 10/20/2028 (a)(c) |
6,442 |
6,413 |
||
|
50,840 |
||||
|
Auto loan 0.31% |
||||
|
AutoNation Finance Trust, Series 2026-1A, Class A2, 3.95% 1/11/2029 (a)(c) |
7,485 |
7,476 |
||
|
Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A2, 4.10% 7/17/2028 (a) |
2,618 |
2,618 |
||
|
Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A3, 4.04% 12/17/2029 (a) |
3,194 |
3,185 |
||
|
Exeter Automobile Receivables Trust, Series 2026-1A, Class A2, 4.08% 9/15/2028 (a) |
3,864 |
3,863 |
||
|
Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 (a)(c) |
22,413 |
22,663 |
||
|
39,805 |
||||
|
American Funds Mortgage Fund |
18 |
|
Bonds, notes & other debt instruments (continued) |
Principal amount (000) |
Value (000) |
||
|
Asset-backed obligations (continued) |
||||
|
Student loan 0.14% |
||||
|
Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 (a)(c) |
USD2,645 |
$2,503 |
||
|
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 (a)(c) |
1,922 |
1,830 |
||
|
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 (a)(c) |
9,117 |
8,667 |
||
|
Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.507% 4/20/2062 (a)(c)(d) |
4,809 |
4,789 |
||
|
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 (a)(c) |
868 |
798 |
||
|
18,587 |
||||
|
Total asset-backed obligations |
175,840 |
|||
|
Total bonds, notes & other debt instruments (cost: $9,742,007,000) |
9,521,026 |
|||
|
Short-term securities 48.64% |
Shares |
|||
|
Money market investments 13.99% |
||||
|
Capital Group Central Cash Fund 3.78% (g)(h) |
18,067,934 |
1,806,613 |
||
|
Weighted average yield at acquisition |
Principal amount (000) |
|||
|
Federal agency bills & notes 34.65% |
||||
|
Fannie Mae 9/28/2026 |
3.581 % |
USD300,000 |
299,191 |
|
|
Federal Farm Credit Banks 10/19/2026 |
3.619 |
100,000 |
99,508 |
|
|
Federal Home Loan Bank 9/2/2026 |
3.500 |
305,000 |
304,970 |
|
|
Federal Home Loan Bank 9/4/2026 |
3.572 |
200,000 |
199,940 |
|
|
Federal Home Loan Bank 9/9/2026 |
3.589 |
427,000 |
426,659 |
|
|
Federal Home Loan Bank 9/11/2026 |
3.592 |
95,000 |
94,905 |
|
|
Federal Home Loan Bank 9/16/2026 |
3.591 |
450,000 |
449,321 |
|
|
Federal Home Loan Bank 9/18/2026 |
3.527 |
150,000 |
149,743 |
|
|
Federal Home Loan Bank 9/23/2026 |
3.608 |
44,183 |
44,085 |
|
|
Federal Home Loan Bank 9/24/2026 |
3.566 |
200,000 |
199,535 |
|
|
Federal Home Loan Bank 9/25/2026 |
3.635 |
250,000 |
249,393 |
|
|
Federal Home Loan Bank 9/29/2026 |
3.675 |
100,000 |
99,716 |
|
|
Federal Home Loan Bank 10/2/2026 |
3.497 |
50,000 |
49,843 |
|
|
Federal Home Loan Bank 10/9/2026 |
3.586 |
100,000 |
99,614 |
|
|
Federal Home Loan Bank 10/13/2026 |
3.619 |
100,000 |
99,571 |
|
|
Federal Home Loan Bank 10/16/2026 |
3.610 |
200,000 |
199,077 |
|
|
Federal Home Loan Bank 10/22/2026 |
3.549 |
300,000 |
298,423 |
|
|
Federal Home Loan Bank 10/28/2026 |
3.622 |
150,000 |
149,115 |
|
|
Federal Home Loan Bank 10/30/2026 |
3.669 |
100,000 |
99,389 |
|
|
Federal Home Loan Bank 11/2/2026 |
3.664 |
375,000 |
372,578 |
|
|
Federal Home Loan Bank 11/13/2026 |
3.610 |
37,000 |
36,720 |
|
|
Federal Home Loan Bank 11/18/2026 |
3.670 |
37,900 |
37,594 |
|
|
Federal Home Loan Bank 11/25/2026 |
3.674 |
64,900 |
64,331 |
|
|
Federal Home Loan Bank 11/27/2026 |
3.593 |
106,000 |
105,048 |
|
|
Federal Home Loan Bank 12/31/2026 |
3.570 |
250,000 |
246,781 |
|
|
Total short-term securities (cost: $6,281,901,000) |
6,281,663 |
|||
|
Total investment securities 122.36% (cost: $16,023,908,000) |
15,802,689 |
|||
|
Total options written (equity style)† (0.02)% (premium received: $2,081,000) |
(2,158 ) |
|||
|
Other assets less liabilities (22.34)% |
(2,885,160 ) |
|||
|
Net assets 100.00% |
$12,915,371 |
|||
|
19 |
American Funds Mortgage Fund |
†Options written (equity style)
Options on futures
|
Description |
Number of
contracts |
Expiration
date |
Exercise
price |
Notional
amount
(000) |
Value at
8/31/2026
(000) |
|
Put |
|||||
|
3 Month SOFR Futures Option |
5,481 |
12/11/2026 |
USD95.94 |
USD(1,370,250) |
$(2,158 ) |
Futures contracts
|
Contracts |
Type |
Number of
contracts |
Expiration
date |
Notional
amount
(000) |
Value and
unrealized
appreciation
(depreciation)
at 8/31/2026
(000) |
|
3 Month SOFR Futures |
Long |
12,495 |
3/17/2027 |
USD2,996,145 |
$(10,199 ) |
|
2 Year U.S. Treasury Note Futures |
Long |
20,377 |
1/6/2027 |
4,182,061 |
(10,246 ) |
|
5 Year U.S. Treasury Note Futures |
Long |
21,663 |
1/6/2027 |
2,289,847 |
(9,779 ) |
|
10 Year Ultra U.S. Treasury Note Futures |
Long |
5,349 |
12/31/2026 |
585,298 |
(3,555 ) |
|
10 Year U.S. Treasury Note Futures |
Long |
3,371 |
12/31/2026 |
362,909 |
(2,752 ) |
|
20 Year U.S. Treasury Bond Futures |
Long |
1,024 |
12/31/2026 |
111,232 |
(354 ) |
|
30 Year Ultra U.S. Treasury Bond Futures |
Long |
4,145 |
12/31/2026 |
456,079 |
(1,438 ) |
|
$(38,323 ) |
Swap contracts
Interest rate swaps
Centrally cleared interest rate swaps
|
Receive |
Pay |
Expiration
date |
Notional
amount
(000) |
Value at
8/31/2026
(000) |
Upfront
premium
paid
(received)
(000) |
Unrealized
appreciation
(depreciation)
at 8/31/2026
(000) |
||
|
Rate |
Payment
frequency |
Rate |
Payment
frequency |
|||||
|
SOFR |
Annual |
3.7315% |
Annual |
3/25/2033 |
USD129,746 |
$4,021 |
$— |
$4,021 |
|
SOFR |
Annual |
3.739% |
Annual |
3/25/2033 |
61,112 |
1,868 |
— |
1,868 |
|
SOFR |
Annual |
3.7655% |
Annual |
3/26/2033 |
76,625 |
2,230 |
— |
2,230 |
|
SOFR |
Annual |
3.788% |
Annual |
3/26/2033 |
46,069 |
1,282 |
— |
1,282 |
|
SOFR |
Annual |
3.793% |
Annual |
3/26/2033 |
22,941 |
632 |
— |
632 |
|
SOFR |
Annual |
3.8105% |
Annual |
3/30/2033 |
76,625 |
2,035 |
— |
2,035 |
|
SOFR |
Annual |
3.8175% |
Annual |
3/31/2033 |
30,744 |
805 |
— |
805 |
|
SOFR |
Annual |
3.703% |
Annual |
4/14/2033 |
77,656 |
2,557 |
— |
2,557 |
|
SOFR |
Annual |
3.6038% |
Annual |
1/8/2034 |
46,550 |
2,027 |
— |
2,027 |
|
SOFR |
Annual |
3.41% |
Annual |
7/28/2045 |
115,000 |
17,336 |
— |
17,336 |
|
$34,793 |
$— |
$34,793 |
||||||
Investments in affiliates (h)
|
Value at
9/1/2025
(000) |
Additions
(000) |
Reductions
(000) |
Net
realized
gain (loss)
(000) |
Net
unrealized
appreciation
(depreciation)
(000) |
Value at
8/31/2026
(000) |
Dividend
or interest
income
(000) |
|
|
Short-term securities 13.99% |
|||||||
|
Money market investments 13.99% |
|||||||
|
Capital Group Central Cash Fund 3.78% (g) |
$1,015,625 |
$11,391,714 |
$10,600,806 |
$235 |
$(155 ) |
$1,806,613 |
$35,195 |
|
American Funds Mortgage Fund |
20 |
|
(a) |
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
|
(b) |
Amount less than one thousand. |
|
(c) |
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $325,312,000, which represented 2.52% of the net assets of the fund. |
|
(d) |
Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
|
(e) |
All or a portion of this security was pledged as collateral. At period end, the total value of securities pledged was $130,111,000, which represented 1.01% of the net assets of the fund. |
|
(f) |
Represents securities transacted on a TBA basis. |
|
(g) |
Rate represents the seven-day yield at 8/31/2026. |
|
(h) |
Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended. |
|
Key to abbreviation(s) |
|
Assn. = Association |
|
CLO = Collateralized Loan Obligations |
|
CME = CME Group |
|
SOFR = Secured Overnight Financing Rate |
|
TBA = To be announced |
|
USD = U.S. dollars |
Refer to the notes to financial statements.
|
21 |
American Funds Mortgage Fund |
Financial statements
Statement of assets and liabilities at August 31, 2026
(dollars in thousands)
|
Assets: |
||
|
Investment securities, at value: |
||
|
Unaffiliated issuers (cost: $14,217,302) |
$13,996,076 |
|
|
Affiliated issuers (cost: $1,806,606) |
1,806,613 |
$15,802,689 |
|
Cash |
2,861 |
|
|
Receivables for: |
||
|
Sales of investments |
4,651,901 |
|
|
Sales of fund’s shares |
1,127 |
|
|
Dividends and interest |
38,648 |
|
|
Variation margin on futures contracts |
223 |
|
|
Variation margin on centrally cleared swap contracts |
1,798 |
4,693,697 |
|
20,499,247 |
||
|
Liabilities: |
||
|
Options written, at value (premium received: $2,081) |
2,158 |
|
|
Payables for: |
||
|
Purchases of investments |
7,565,892 |
|
|
Repurchases of fund’s shares |
4,345 |
|
|
Dividends on fund’s shares |
38 |
|
|
Investment advisory services |
2,462 |
|
|
Services provided by related parties |
389 |
|
|
Trustees’ deferred compensation |
200 |
|
|
Variation margin on futures contracts |
8,174 |
|
|
Variation margin on centrally cleared swap contracts |
210 |
|
|
Other |
8 |
7,581,718 |
|
Net assets at August 31, 2026 |
$12,915,371 |
|
|
Net assets consist of: |
||
|
Capital paid in on shares of beneficial interest |
$14,419,912 |
|
|
Total distributable earnings (accumulated loss) |
(1,504,541 ) |
|
|
Net assets at August 31, 2026 |
$12,915,371 |
(dollars and shares in thousands, except per-share amounts)
Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (1,495,760 total shares outstanding)
|
Net assets |
Shares
outstanding |
Net asset value
per share |
|
|
Class A |
$178,356 |
20,656 |
$8.63 |
|
Class C |
5,799 |
679 |
8.54 |
|
Class F-1 |
15,553 |
1,801 |
8.64 |
|
Class F-2 |
259,484 |
30,037 |
8.64 |
|
Class F-3 |
94,487 |
10,940 |
8.64 |
|
Class 529-A |
17,877 |
2,071 |
8.63 |
|
Class 529-C |
850 |
100 |
8.52 |
|
Class 529-E |
770 |
89 |
8.63 |
|
Class 529-F-2 |
5,295 |
613 |
8.64 |
|
Class 529-F-3 |
10 |
1 |
8.64 |
|
Class R-1 |
2,265 |
265 |
8.54 |
|
Class R-2 |
2,778 |
326 |
8.53 |
|
Class R-2E |
101 |
12 |
8.61 |
|
Class R-3 |
12,656 |
1,471 |
8.61 |
|
Class R-4 |
11,064 |
1,281 |
8.64 |
|
Class R-5E |
851 |
99 |
8.64 |
|
Class R-5 |
976 |
113 |
8.64 |
|
Class R-6 |
12,306,199 |
1,425,206 |
8.63 |
Refer to the notes to financial statements.
|
American Funds Mortgage Fund |
22 |
Financial statements (continued)
Statement of operations for the year ended August 31, 2026
(dollars in thousands)
|
Investment income: |
||
|
Income: |
||
|
Interest from unaffiliated issuers |
$557,399 |
|
|
Dividends from affiliated issuers |
35,195 |
$592,594 |
|
Fees and expenses*: |
||
|
Investment advisory services |
30,332 |
|
|
Distribution services |
963 |
|
|
Transfer agent services |
1,006 |
|
|
Administrative services |
3,796 |
|
|
529 plan services |
14 |
|
|
Reports to shareholders |
52 |
|
|
Registration statement and prospectus |
652 |
|
|
Trustees’ compensation |
98 |
|
|
Auditing and legal |
119 |
|
|
Custodian |
78 |
|
|
Other |
30 |
|
|
Total fees and expenses before waivers and/or reimbursements |
37,140 |
|
|
Less waivers and/or reimbursements of fees and expenses: |
||
|
Investment advisory services waiver |
1,486 |
|
|
Transfer agent services waiver |
1 |
|
|
Total fees and expenses after waivers and/or reimbursements |
35,653 |
|
|
Net investment income |
556,941 |
|
|
Net realized gain (loss) and unrealized appreciation (depreciation): |
||
|
Net realized gain (loss) on: |
||
|
Investments: |
||
|
Unaffiliated issuers |
45,063 |
|
|
Affiliated issuers |
235 |
|
|
Options written |
104 |
|
|
Futures contracts |
(185,674 ) |
|
|
Swap contracts |
759 |
(139,513 ) |
|
Net unrealized appreciation (depreciation) on: |
||
|
Investments: |
||
|
Unaffiliated issuers |
(200,455 ) |
|
|
Affiliated issuers |
(155 ) |
|
|
Options written |
(143 ) |
|
|
Futures contracts |
(57,826 ) |
|
|
Swap contracts |
24,451 |
(234,128 ) |
|
Net realized gain (loss) and unrealized appreciation (depreciation) |
(373,641 ) |
|
|
Net increase (decrease) in net assets resulting from operations |
$183,300 |
*
Additional information related to class-specific fees and expenses is included in the notes to financial statements.
Refer to the notes to financial statements.
|
23 |
American Funds Mortgage Fund |
Financial statements (continued)
Statements of changes in net assets
(dollars in thousands)
|
Year ended August 31, |
||
|
2026 |
2025 |
|
|
Operations: |
||
|
Net investment income |
$556,941 |
$555,261 |
|
Net realized gain (loss) |
(139,513 ) |
(68,648 ) |
|
Net unrealized appreciation (depreciation) |
(234,128 ) |
(3,526 ) |
|
Net increase (decrease) in net assets resulting from operations |
183,300 |
483,087 |
|
Distributions paid or accrued to shareholders |
(554,967 ) |
(538,224 ) |
|
Net capital share transactions |
1,364,741 |
931,585 |
|
Total increase (decrease) in net assets |
993,074 |
876,448 |
|
Net assets: |
||
|
Beginning of year |
11,922,297 |
11,045,849 |
|
End of year |
$12,915,371 |
$11,922,297 |
Refer to the notes to financial statements.
|
American Funds Mortgage Fund |
24 |
Notes to financial statements
1. Organization
American Funds Mortgage Fund (the “fund”) is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The fund seeks to provide current income and preservation of capital.
The fund has 18 share classes consisting of five retail share classes (Classes A, C, F-1, F-2 and F-3), five 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:
|
Share class |
Initial sales charge |
Contingent deferred sales
charge upon redemption |
Conversion feature |
|
Class A |
Up to 3.75% |
None (except 0.75% for certain redemptions within 18 months of purchase without an initial sales charge) |
None |
|
Class 529-A |
Up to 3.50% |
None (except 1.00% for certain redemptions within 18 months of purchase without an initial sales charge) |
None |
|
Classes C and 529-C |
None |
1.00% for redemptions within one year of purchase |
Class C converts to Class A after eight years and Class 529-C converts to Class 529-A after five years |
|
Class 529-E |
None |
None |
None |
|
Classes F-1, F-2, F-3, 529-F-2 and 529-F-3 |
None |
None |
None |
|
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6 |
None |
None |
None |
Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.
2. Significant accounting policies
The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP“). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.
Operating segments — The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund’s portfolio management team. A senior executive team comprised of the fund’s Principal Executive Officer and Principal Financial Officer, serves as the fund’s chief operating decision maker (“CODM”), who act in accordance with Board of Trustees reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund’s profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.
|
25 |
American Funds Mortgage Fund |
Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.
Class allocations — Income, fees and expenses (other than class-specific fees and expenses) are allocated daily among the various share classes based on the relative value of their settled shares. Realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.
Distributions paid or accrued to shareholders — Income dividends are declared daily after the determination of the fund’s net investment income and are paid to shareholders monthly. Capital gain distributions are recorded on the ex-dividend date.
3. Valuation
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
|
Fixed-income class |
Examples of standard inputs |
|
All |
Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
|
Corporate bonds, notes & loans; convertible securities |
Standard inputs and underlying equity of the issuer |
|
Bonds & notes of governments & government agencies |
Standard inputs and interest rate volatilities |
|
Mortgage-backed; asset-backed obligations |
Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract.
|
American Funds Mortgage Fund |
26 |
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund’s valuation levels as of August 31, 2026, were as follows (dollars in thousands):
|
Investment securities |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Assets: |
||||
|
Bonds, notes & other debt instruments: |
||||
|
Mortgage-backed obligations |
$— |
$8,158,033 |
$— |
$8,158,033 |
|
U.S. Treasury bonds & notes |
— |
1,187,153 |
— |
1,187,153 |
|
Asset-backed obligations |
— |
175,840 |
— |
175,840 |
|
Short-term securities |
1,806,613 |
4,475,050 |
— |
6,281,663 |
|
Total |
$1,806,613 |
$13,996,076 |
$— |
$15,802,689 |
|
Other investments* |
||||
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
|
Assets: |
||||
|
Unrealized appreciation on centrally cleared interest rate swaps |
$— |
$34,793 |
$— |
$34,793 |
|
Liabilities: |
||||
|
Value of options written (equity style) |
(2,158 ) |
— |
— |
(2,158 ) |
|
Unrealized depreciation on futures contracts |
(38,323 ) |
— |
— |
(38,323 ) |
|
Total |
$(40,481 ) |
$34,793 |
$— |
$(5,688 ) |
*
Options written, futures contracts and interest rate swaps are not included in the fund’s investment portfolio.
|
27 |
American Funds Mortgage Fund |
4. Risk factors
Investing in the fund may involve certain risks including, but not limited to, those described below.
Investing in mortgage-related and other asset-backed securities — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. While such securities are subject to the risks associated with investments in debt instruments generally (for example, credit, extension and interest rate risks), they are also subject to other and different risks. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt, potentially increasing the volatility of the securities and the fund’s net asset value. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations and the value of property that secures the mortgages may decline in value and be insufficient, upon foreclosure, to repay the associated loans. Investments in asset-backed securities are subject to similar risks.
Market conditions — The prices of, and the income generated by, the securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations.
Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.
Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer’s financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.
Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.
Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.
|
American Funds Mortgage Fund |
28 |
Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.
Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs or to try to limit losses, or may be forced to sell at a loss.
Investing in securities backed by the U.S. government — U.S. government securities are subject to market risk, interest rate risk and credit risk. Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Notwithstanding that these securities are backed by the full faith and credit of the U.S. government, circumstances could arise that would prevent or delay the payment of interest or principal on these securities, which could adversely affect their value and cause the fund to suffer losses. Such an event could lead to significant disruptions in U.S. and global markets. Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government.
Investments in future delivery contracts — The fund may enter into transactions involving future delivery contracts, such as to-be-announced (TBA) contracts and mortgage dollar rolls. These contracts involve the purchase or sale of mortgage-backed securities for settlement at a future date and predetermined price. When the fund purchases these contracts, this can increase the fund’s market exposure because the value of securities the fund contracts to purchase is reflected each day in determining the fund’s net asset value and the fund is not required to pay for or obtain the securities until settlement date. When the fund enters into a TBA commitment for the sale of mortgage-backed securities (which may be referred to as having a short position in such TBA securities), the fund may or may not hold the types of mortgage-backed securities required to be delivered. The fund may choose to roll these transactions in lieu of settling them.
When the fund rolls the purchase of these types of future delivery transactions, the fund simultaneously sells the mortgage-backed securities for delivery in the current month and repurchases substantially similar securities for delivery at a future date at a predetermined price. When the fund rolls the sale of these transactions rather than settling them, the fund simultaneously purchases the mortgage-backed securities for delivery in the current month and sells substantially similar securities for delivery at a future date at a predetermined price. Such roll transactions can increase the turnover rate of the fund and may increase the risk that market prices may move unfavorably between the original and new contracts, potentially resulting in losses or reduced returns for the fund.
Investing in inflation-linked bonds — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.
Investing in inflation-linked bonds may also reduce the fund’s distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.
|
29 |
American Funds Mortgage Fund |
Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause the fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are also subject to operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).
Leverage risk — Certain transactions of the fund may give rise to leverage. These transactions may include, among others, derivatives, future delivery contracts and when-issued, delayed delivery or forward commitment transactions. As a result, increases and decreases in the value of the fund’s portfolio may be magnified, and the fund may be exposed to a heightened risk of loss and increased costs.
Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.
5. Certain investment techniques
Index-linked bonds — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund’s statement of operations.
Mortgage dollar rolls — The fund has entered into mortgage dollar roll transactions of TBA securities in which the fund sells a TBA mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar TBA security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions and may result in an increase to the fund’s portfolio turnover rate. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.
Option contracts — The fund has entered into option contracts, which give the purchaser of the option, in return for a premium payment, the right to buy from (in the case of a call) or sell to (in the case of a put) the writer of the option the reference instrument underlying the option (or the cash value of the instrument underlying the option) at a specified exercise price. The writer of an option on a security has the obligation, upon exercise of the option, to cash settle or deliver the underlying currency or instrument upon payment of the exercise price (in the case of a call) or to cash settle or take delivery of the underlying currency or instrument and pay the exercise price (in the case of a put).
By purchasing a put option, the fund obtains the right (but not the obligation) to sell the currency or instrument underlying the option (or to deliver the cash value of the instrument underlying the option) at a specified exercise price. In return for this right, the fund pays the current market price, or the option premium, for the option. The fund may terminate its position in a put option by allowing the option to expire or by exercising the option. If the option is allowed to expire, the fund will lose the entire amount of the premium paid. If the option is exercised, the fund completes the sale of the underlying instrument (or cash settles) at the exercise price. The fund may also terminate a put option position by entering into opposing close-out transactions in advance of the option expiration date.
The features of call options are essentially the same as those of put options, except that the purchaser of a call option obtains the right (but not the obligation) to purchase, rather than sell, the underlying currency or instrument (or cash settle) at the specified exercise price. The buyer of a call option typically attempts to participate in potential price increases of the underlying currency or instrument with risk limited to the cost of the option if the price of the underlying currency or instrument falls. At the same time, the call option buyer can expect to suffer a loss if the price of the underlying currency or instrument does not rise sufficiently to offset the cost of the option.
|
American Funds Mortgage Fund |
30 |
The writer of a put or call option takes the opposite side of the transaction from the option purchaser. In return for receipt of the option premium, the writer assumes the obligation to pay or receive the exercise price for the option’s underlying currency or instrument if the other party to the option chooses to exercise it. The writer may seek to terminate a position in a put option before exercise by entering into opposing close-out transactions in advance of the option expiration date. If the market for the relevant put option is not liquid, however, the writer must be prepared to pay the exercise price while the option is outstanding, regardless of price changes. Writing a call option obligates the writer to, upon exercise of the option, deliver the option’s underlying currency or instrument in return for the exercise price or to make a net cash settlement payment, as applicable. The characteristics of writing call options are similar to those of writing put options, except that writing call options is generally a profitable strategy if prices remain the same or fall. The potential gain for the option seller in such a transaction would be capped at the premium received.
Option contracts can be either equity style (premium is paid in full when the option is opened) or futures style (premium moves as part of variation margin over the life of the option, and is paid in full when the option is closed). For equity style options, premiums paid on options purchased, as well as the daily fluctuation in market value, are included in investment securities in the fund’s statement of assets and liabilities, and premiums received on options written, as well as the daily fluctuation in market value, are included in options written at value in the fund’s statement of assets and liabilities. The net realized gains or losses and net unrealized appreciation or depreciation from equity style options are recorded in investments for purchased options and in options written for written options in the fund’s statement of operations and statements of changes in net assets.
Option contracts can take different forms. The fund has entered into the following types of option contracts:
Options on futures — The fund has entered into options on futures contracts to seek to manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An option on a futures contract gives the holder of the option the right to buy or sell a position in a futures contract from or to the writer of the option, at a specified price on or before the specified expiration date. The average month-end notional amount of options on futures while held was $2,545,688,000.
Futures contracts — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio.
Upon entering into futures contracts, and to maintain the fund’s open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant (“FCM“), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.
On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund’s statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund’s statement of operations. The average month-end notional amount of futures contracts while held was $10,917,682,000.
Swap contracts — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant’s swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.
Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.
|
31 |
American Funds Mortgage Fund |
On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund’s statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund’s statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund’s statement of operations.
Swap agreements can take different forms. The fund has entered into the following types of swap agreements:
Interest rate swaps — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund’s current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $438,819,000.
The following tables identify the location and fair value amounts on the fund’s statement of assets and liabilities and the effect on the fund’s statement of operations resulting from the fund’s use of option contracts, futures contracts and interest rate swaps as of, or for the year ended, August 31, 2026 (dollars in thousands):
|
Assets |
Liabilities |
||||
|
Contracts |
Risk type |
Location on statement of
assets and liabilities |
Value |
Location on statement of
assets and liabilities |
Value |
|
Options written (equity style) |
Interest |
Options written, at value |
$— |
Options written, at value |
$2,158 |
|
Futures |
Interest |
Unrealized appreciation* |
— |
Unrealized depreciation* |
38,323 |
|
Swap (centrally cleared) |
Interest |
Unrealized appreciation* |
34,793 |
Unrealized depreciation* |
— |
|
$34,793 |
$40,481 |
||||
|
Net realized gain (loss) |
Net unrealized appreciation (depreciation) |
||||
|
Contracts |
Risk type |
Location on statement of operations |
Value |
Location on statement of operations |
Value |
|
Options purchased (equity style) |
Interest |
Net realized gain (loss) on investments |
$(2,108 ) |
Net unrealized appreciation (depreciation) on investments |
$1,919 |
|
Options written (equity style) |
Interest |
Net realized gain (loss) on options written |
104 |
Net unrealized appreciation (depreciation) on options written |
(143 ) |
|
Futures |
Interest |
Net realized gain (loss) on futures contracts |
(185,674 ) |
Net unrealized appreciation (depreciation) on futures contracts |
(57,826 ) |
|
Swap |
Interest |
Net realized gain (loss) on swap contracts |
759 |
Net unrealized appreciation (depreciation) on swap contracts |
24,451 |
|
$(186,919 ) |
$(31,599 ) |
||||
*
Includes cumulative appreciation/depreciation on futures contracts and centrally cleared
interest rate swaps as reported in the applicable tables following the fund’s investment portfolio. Only current day’s variation margin is reported within the fund’s statement of assets and liabilities.
|
American Funds Mortgage Fund |
32 |
Collateral — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of option contracts, futures contracts, interest rate swaps and future delivery contracts. For options on futures, futures contracts and centrally cleared interest rate swaps, the fund pledges collateral for initial and variation margin by contract. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund’s investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund’s custodian, which is reflected as pledged cash collateral in the fund’s statement of assets and liabilities.
6. Taxation and distributions
Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.
As of and during the year ended August 31, 2026, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the year, the fund did not incur any significant interest or penalties.
The fund’s tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.
Distributions — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; deferred expenses; cost of investments sold; net capital losses; amortization of premiums and discounts and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.
As of August 31, 2026, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):
|
Undistributed ordinary income |
$1,984 |
|
Capital loss carryforward1 |
(1,319,555 ) |
|
Gross unrealized appreciation on investments |
88,578 |
|
Gross unrealized depreciation on investments |
(275,310 ) |
|
Net unrealized appreciation (depreciation) on investments |
(186,732 ) |
|
Cost of investments |
15,983,733 |
1
The capital loss carryforward will be used to offset any capital gains realized by the fund in future years. The fund will not make distributions from capital gains while a capital loss carryforward remains.
|
33 |
American Funds Mortgage Fund |
Tax-basis distributions paid or accrued to shareholders from ordinary income were as follows (dollars in thousands):
|
Year ended August 31, |
||
|
Share class |
2026 |
2025 |
|
Class A |
$7,407 |
$7,551 |
|
Class C |
204 |
248 |
|
Class T2 |
— 3 |
— 3 |
|
Class F-1 |
1,061 |
1,431 |
|
Class F-2 |
18,291 |
16,959 |
|
Class F-3 |
4,744 |
4,228 |
|
Class 529-A |
745 |
797 |
|
Class 529-C |
28 |
30 |
|
Class 529-E |
28 |
27 |
|
Class 529-T2 |
— 3 |
1 |
|
Class 529-F-12 |
— 3 |
— 3 |
|
Class 529-F-2 |
242 |
289 |
|
Class 529-F-3 |
— 3 |
1 |
|
Class R-1 |
115 |
199 |
|
Class R-2 |
90 |
95 |
|
Class R-2E |
4 |
5 |
|
Class R-3 |
1,748 |
1,847 |
|
Class R-4 |
459 |
482 |
|
Class R-5E |
35 |
43 |
|
Class R-5 |
28 |
21 |
|
Class R-6 |
519,738 |
503,970 |
|
Total |
$554,967 |
$538,224 |
2
Effective 6/26/2026, Class T, 529-T, and 529-F-1 shares were closed and deregistered.
3
Amount less than one thousand.
7. Fees and transactions with related parties
CRMC, the fund’s investment adviser, is the parent company of Capital Client Group, Inc. (“CCG”), the principal underwriter of the fund’s shares, and American Funds Service Company® (“AFS”), the fund’s transfer agent. CRMC, CCG and AFS are considered related parties to the fund.
Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. From September 1, 2025 through February 28, 2026, the investment advisory services fee consisted of both an asset-based component and an income component. The asset-based component was calculated based on a series of decreasing annual rates, beginning with 0.155% on the first $15 billion of daily net assets and decreasing to 0.130% on such assets in excess of $15 billion. The income component was calculated based on a series of decreasing rates, beginning with 3.00% on the first $3,333,333 of the fund’s monthly gross income and decreasing to 2.00% on such income in excess of $8,333,333. On November 25, 2025, shareholders of the fund approved an amendment to the investment advisory and service agreement to remove the income component and revise the advisory fee schedule, effective March 1, 2026. From March 1, 2026 through August 31, 2026, the fees were based on a series of decreasing annual rates, beginning with 0.224% on the first $15 billion of daily net assets and decreasing to 0.195% on such assets in excess of $15 billion. During the year ended August 31, 2026, CRMC waived investment advisory services fees of $1,486,000. CRMC does not intend to recoup this waiver. As a result, the fees shown on the fund’s statement of operations of $30,332,000, which were equivalent to an annualized rate of 0.240% of average daily net assets, were reduced to $28,846,000, which were equivalent to an annualized rate of 0.228% of average daily net assets.
Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:
|
American Funds Mortgage Fund |
34 |
Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.
|
Share class |
Currently approved limits |
Plan limits |
|
Class A |
0.25 % |
0.30 % |
|
Class 529-A |
0.25 |
0.50 |
|
Classes C, 529-C and R-1 |
1.00 |
1.00 |
|
Class R-2 |
0.75 |
1.00 |
|
Class R-2E |
0.60 |
0.85 |
|
Classes 529-E and R-3 |
0.50 |
0.75 |
|
Classes F-1 and R-4 |
0.25 |
0.50 |
For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of August 31, 2026, unreimbursed expenses subject to reimbursement totaled $68,000 for Class A shares. There were no unreimbursed expenses subject to reimbursement for Class 529-A shares.
Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders. For the year ended August 31, 2026, AFS waived transfer agent services fees of less than $1,000 for Class R-2E and less than $1,000 for Class R-5E. AFS does not intend to recoup the waiver.
Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.
529 plan services — Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.
The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the year ended August 31, 2026, the 529 plan services fees were $14,000, which were equivalent to 0.051% of the average daily net assets of each 529 share class.
|
35 |
American Funds Mortgage Fund |
For the year ended August 31, 2026, class-specific expenses under the agreements were as follows (dollars in thousands):
|
Share class |
Distribution
services |
Transfer agent
services |
Administrative
services |
529 plan
services |
|
Class A |
$463 |
$295 |
$56 |
Not applicable |
|
Class C |
62 |
10 |
2 |
Not applicable |
|
Class T* |
— |
— † |
— † |
Not applicable |
|
Class F-1 |
65 |
34 |
8 |
Not applicable |
|
Class F-2 |
Not applicable |
507 |
128 |
Not applicable |
|
Class F-3 |
Not applicable |
— † |
32 |
Not applicable |
|
Class 529-A |
43 |
28 |
6 |
$10 |
|
Class 529-C |
9 |
1 |
— † |
1 |
|
Class 529-E |
4 |
1 |
— † |
— † |
|
Class 529-T* |
— |
— † |
— † |
— † |
|
Class 529-F-1* |
— |
— † |
— † |
— † |
|
Class 529-F-2 |
Not applicable |
5 |
2 |
3 |
|
Class 529-F-3 |
Not applicable |
— |
— † |
— † |
|
Class R-1 |
35 |
4 |
1 |
Not applicable |
|
Class R-2 |
20 |
9 |
1 |
Not applicable |
|
Class R-2E |
1 |
— † |
— † |
Not applicable |
|
Class R-3 |
233 |
77 |
14 |
Not applicable |
|
Class R-4 |
28 |
12 |
3 |
Not applicable |
|
Class R-5E |
Not applicable |
2 |
— † |
Not applicable |
|
Class R-5 |
Not applicable |
1 |
— † |
Not applicable |
|
Class R-6 |
Not applicable |
20 |
3,543 |
Not applicable |
|
Total class-specific expenses |
$963 |
$1,006 |
$3,796 |
$14 |
*
Effective 6/26/2026, Class T, 529-T, and 529-F-1 shares were closed and deregistered.
†
Amount less than one thousand.
Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other Capital Group Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $98,000 in the fund’s statement of operations reflects $78,000 in current fees (either paid in cash or deferred) and a net increase of $20,000 in the value of the deferred amounts.
Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from the fund.
Investment in CCF — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.
Security transactions with related funds — The fund may purchase investment securities from, or sell investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act. During the year ended August 31, 2026, the fund did not engage in any such purchase or sale transactions with any related funds.
Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended August 31, 2026.
|
American Funds Mortgage Fund |
36 |
8. Indemnifications
The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.
9. Capital share transactions
Capital share transactions in the fund were as follows (dollars and shares in thousands):
|
Sales1 |
Reinvestments of distributions |
Repurchases1 |
Net increase (decrease) |
|||||
|
Share class |
Amount |
Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Shares |
|
Year ended August 31, 2026 |
||||||||
|
Class A |
$28,855 |
3,244 |
$7,297 |
824 |
$(33,153 ) |
(3,748 ) |
$2,999 |
320 |
|
Class C |
1,255 |
144 |
203 |
23 |
(2,262 ) |
(258 ) |
(804 ) |
(91 ) |
|
Class T2 |
— |
— |
— |
— |
(9 ) |
(1 ) |
(9 ) |
(1 ) |
|
Class F-1 |
4,347 |
488 |
928 |
105 |
(18,774 ) |
(2,127 ) |
(13,499 ) |
(1,534 ) |
|
Class F-2 |
162,943 |
18,295 |
18,132 |
2,044 |
(321,060 ) |
(36,566 ) |
(139,985 ) |
(16,227 ) |
|
Class F-3 |
24,459 |
2,749 |
4,414 |
498 |
(34,690 ) |
(3,938 ) |
(5,817 ) |
(691 ) |
|
Class 529-A |
3,654 |
411 |
742 |
84 |
(4,559 ) |
(515 ) |
(163 ) |
(20 ) |
|
Class 529-C |
424 |
48 |
28 |
3 |
(387 ) |
(44 ) |
65 |
7 |
|
Class 529-E |
375 |
42 |
28 |
3 |
(226 ) |
(26 ) |
177 |
19 |
|
Class 529-T2 |
— |
— |
— 3 |
— 3 |
(12 ) |
(1 ) |
(12 ) |
(1 ) |
|
Class 529-F-12 |
— |
— |
— 3 |
— 3 |
(10 ) |
(1 ) |
(10 ) |
(1 ) |
|
Class 529-F-2 |
941 |
106 |
240 |
27 |
(1,830 ) |
(206 ) |
(649 ) |
(73 ) |
|
Class 529-F-3 |
— |
— |
— 3 |
— 3 |
— |
— |
— 3 |
— 3 |
|
Class R-1 |
610 |
69 |
112 |
13 |
(3,798 ) |
(430 ) |
(3,076 ) |
(348 ) |
|
Class R-2 |
815 |
94 |
90 |
10 |
(855 ) |
(97 ) |
50 |
7 |
|
Class R-2E |
19 |
2 |
3 |
— 3 |
(3 ) |
— 3 |
19 |
2 |
|
Class R-3 |
16,270 |
1,838 |
1,703 |
193 |
(48,777 ) |
(5,614 ) |
(30,804 ) |
(3,583 ) |
|
Class R-4 |
2,980 |
335 |
457 |
52 |
(2,873 ) |
(323 ) |
564 |
64 |
|
Class R-5E |
262 |
30 |
35 |
4 |
(447 ) |
(50 ) |
(150 ) |
(16 ) |
|
Class R-5 |
513 |
59 |
28 |
3 |
(52 ) |
(6 ) |
489 |
56 |
|
Class R-6 |
2,110,964 |
238,038 |
519,723 |
58,702 |
(1,075,331 ) |
(121,496 ) |
1,555,356 |
175,244 |
|
Total net increase (decrease) |
$2,359,686 |
265,992 |
$554,163 |
62,588 |
$(1,549,108 ) |
(175,447 ) |
$1,364,741 |
153,133 |
Refer to the end of the table(s) for footnote(s).
|
37 |
American Funds Mortgage Fund |
|
Sales1 |
Reinvestments of distributions |
Repurchases1 |
Net increase (decrease) |
|||||
|
Share class |
Amount |
Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Shares |
|
Year ended August 31, 2025 |
||||||||
|
Class A |
$31,646 |
3,614 |
$7,437 |
847 |
$(34,128 ) |
(3,899 ) |
$4,955 |
562 |
|
Class C |
1,114 |
128 |
246 |
28 |
(1,593 ) |
(184 ) |
(233 ) |
(28 ) |
|
Class T |
— |
— |
— |
— |
— |
— |
— |
— |
|
Class F-1 |
7,754 |
888 |
1,201 |
136 |
(12,413 ) |
(1,417 ) |
(3,458 ) |
(393 ) |
|
Class F-2 |
183,378 |
20,946 |
16,755 |
1,907 |
(141,884 ) |
(16,180 ) |
58,249 |
6,673 |
|
Class F-3 |
73,375 |
8,348 |
3,983 |
454 |
(33,433 ) |
(3,838 ) |
43,925 |
4,964 |
|
Class 529-A |
4,114 |
470 |
793 |
90 |
(4,732 ) |
(542 ) |
175 |
18 |
|
Class 529-C |
388 |
45 |
30 |
4 |
(524 ) |
(61 ) |
(106 ) |
(12 ) |
|
Class 529-E |
34 |
4 |
27 |
3 |
(134 ) |
(15 ) |
(73 ) |
(8 ) |
|
Class 529-T |
— |
— |
— 3 |
— 3 |
— |
— |
— 3 |
— 3 |
|
Class 529-F-1 |
— |
— |
— 3 |
— 3 |
— |
— |
— 3 |
— 3 |
|
Class 529-F-2 |
1,791 |
205 |
287 |
32 |
(2,282 ) |
(260 ) |
(204 ) |
(23 ) |
|
Class 529-F-3 |
— |
— |
— 3 |
— 3 |
— |
— |
— 3 |
— 3 |
|
Class R-1 |
1,033 |
119 |
199 |
23 |
(1,570 ) |
(182 ) |
(338 ) |
(40 ) |
|
Class R-2 |
705 |
82 |
95 |
11 |
(494 ) |
(58 ) |
306 |
35 |
|
Class R-2E |
19 |
2 |
5 |
1 |
(124 ) |
(14 ) |
(100 ) |
(11 ) |
|
Class R-3 |
8,054 |
922 |
1,835 |
210 |
(13,097 ) |
(1,501 ) |
(3,208 ) |
(369 ) |
|
Class R-4 |
2,841 |
325 |
479 |
54 |
(3,578 ) |
(409 ) |
(258 ) |
(30 ) |
|
Class R-5E |
363 |
41 |
43 |
6 |
(342 ) |
(40 ) |
64 |
7 |
|
Class R-5 |
90 |
10 |
21 |
3 |
(32 ) |
(4 ) |
79 |
9 |
|
Class R-6 |
1,120,146 |
128,255 |
503,975 |
57,395 |
(792,311 ) |
(90,264 ) |
831,810 |
95,386 |
|
Total net increase (decrease) |
$1,436,845 |
164,404 |
$537,411 |
61,204 |
$(1,042,671 ) |
(118,868 ) |
$931,585 |
106,740 |
1
Includes exchanges between share classes of the fund.
2
Effective 6/26/2026, Class T, 529-T, and 529-F-1 shares were closed and deregistered.
3
Amount less than one thousand.
10. Investment transactions
The fund engaged in purchases and sales of investment securities, excluding in-kind transactions, short-term securities and U.S. government obligations, if any, of $57,059,980,000 and $58,825,941,000, respectively, during the year ended August 31, 2026.
11. Ownership concentration
As of August 31, 2026, three shareholders held more than 10% of the fund’s outstanding shares. The three shareholders were American Funds 2025 Target Date Retirement Income Fund, American Funds 2030 Target Date Retirement Fund and American Funds 2035 Target Date Retirement Fund, with aggregate ownership of the fund’s outstanding shares of 14%, 21% and 22%, respectively. CRMC is the investment adviser to the three target date retirement funds.
|
American Funds Mortgage Fund |
38 |
Financial highlights
|
Income (loss) from investment operations1 |
Dividends and distributions |
||||||||||||
|
Year ended |
Net asset
value,
beginning
of year |
Net
investment
income
(loss) |
Net gains
(losses) on
securities
(both
realized and
unrealized) |
Total from
investment
operations |
Dividends
(from net
investment
income) |
Distributions
(from capital
gains) |
Total
dividends
and
distributions |
Net asset
value,
end
of year |
Total return2,3 |
Net assets,
end of
year
(in millions) |
Ratio of
expenses to
average net
assets before
waivers/
reimburse-
ments4 |
Ratio of
expenses to
average net
assets after
waivers/
reimburse-
ments3,4 |
Ratio of
net income
(loss) to
average
net assets3 |
|
Class A: |
|||||||||||||
|
8/31/2026 |
$8.88 |
$.36 |
$(.26 ) |
$.10 |
$(.35 ) |
$— |
$(.35 ) |
$8.63 |
1.14 % |
$178 |
.69 % |
.68 % |
4.01 % |
|
8/31/2025 |
8.94 |
.39 |
(.07 ) |
.32 |
(.38 ) |
— |
(.38 ) |
8.88 |
3.70 |
180 |
.73 |
.69 |
4.47 |
|
8/31/2024 |
8.75 |
.40 |
.17 |
.57 |
(.38 ) |
— |
(.38 ) |
8.94 |
6.74 |
177 |
.75 |
.71 |
4.63 |
|
8/31/2023 |
9.33 |
.30 |
(.58 ) |
(.28 ) |
(.30 ) |
— |
(.30 ) |
8.75 |
(3.08 ) |
174 |
.72 |
.69 |
3.36 |
|
8/31/2022 |
10.23 |
.09 |
(.89 ) |
(.80 ) |
(.10 ) |
— |
(.10 ) |
9.33 |
(7.82 ) |
203 |
.64 |
.64 |
.92 |
|
Class C: |
|||||||||||||
|
8/31/2026 |
8.78 |
.29 |
(.25 ) |
.04 |
(.28 ) |
— |
(.28 ) |
8.54 |
.48 |
6 |
1.44 |
1.42 |
3.27 |
|
8/31/2025 |
8.84 |
.32 |
(.07 ) |
.25 |
(.31 ) |
— |
(.31 ) |
8.78 |
2.92 |
7 |
1.48 |
1.44 |
3.72 |
|
8/31/2024 |
8.66 |
.33 |
.16 |
.49 |
(.31 ) |
— |
(.31 ) |
8.84 |
5.85 |
7 |
1.50 |
1.46 |
3.88 |
|
8/31/2023 |
9.23 |
.23 |
(.57 ) |
(.34 ) |
(.23 ) |
— |
(.23 ) |
8.66 |
(3.76 ) |
8 |
1.47 |
1.44 |
2.58 |
|
8/31/2022 |
10.14 |
.01 |
(.86 ) |
(.85 ) |
(.06 ) |
— |
(.06 ) |
9.23 |
(8.42 ) |
11 |
1.39 |
1.39 |
.11 |
|
Class F-1: |
|||||||||||||
|
8/31/2026 |
8.88 |
.36 |
(.24 ) |
.12 |
(.36 ) |
— |
(.36 ) |
8.64 |
1.29 |
16 |
.66 |
.65 |
4.06 |
|
8/31/2025 |
8.94 |
.40 |
(.08 ) |
.32 |
(.38 ) |
— |
(.38 ) |
8.88 |
3.76 |
30 |
.67 |
.63 |
4.53 |
|
8/31/2024 |
8.75 |
.41 |
.17 |
.58 |
(.39 ) |
— |
(.39 ) |
8.94 |
6.82 |
33 |
.67 |
.63 |
4.72 |
|
8/31/2023 |
9.34 |
.32 |
(.61 ) |
(.29 ) |
(.30 ) |
— |
(.30 ) |
8.75 |
(3.12 ) |
25 |
.65 |
.63 |
3.52 |
|
8/31/2022 |
10.23 |
.10 |
(.88 ) |
(.78 ) |
(.11 ) |
— |
(.11 ) |
9.34 |
(7.69 ) |
22 |
.61 |
.61 |
1.02 |
|
Class F-2: |
|||||||||||||
|
8/31/2026 |
8.88 |
.38 |
(.24 ) |
.14 |
(.38 ) |
— |
(.38 ) |
8.64 |
1.56 |
259 |
.40 |
.39 |
4.31 |
|
8/31/2025 |
8.94 |
.42 |
(.07 ) |
.35 |
(.41 ) |
— |
(.41 ) |
8.88 |
4.02 |
411 |
.42 |
.38 |
4.78 |
|
8/31/2024 |
8.76 |
.43 |
.16 |
.59 |
(.41 ) |
— |
(.41 ) |
8.94 |
6.97 |
354 |
.41 |
.37 |
4.97 |
|
8/31/2023 |
9.34 |
.34 |
(.59 ) |
(.25 ) |
(.33 ) |
— |
(.33 ) |
8.76 |
(2.76 ) |
199 |
.40 |
.37 |
3.75 |
|
8/31/2022 |
10.23 |
.13 |
(.89 ) |
(.76 ) |
(.13 ) |
— |
(.13 ) |
9.34 |
(7.45 ) |
206 |
.35 |
.35 |
1.30 |
|
Class F-3: |
|||||||||||||
|
8/31/2026 |
8.88 |
.39 |
(.24 ) |
.15 |
(.39 ) |
— |
(.39 ) |
8.64 |
1.68 |
94 |
.28 |
.27 |
4.42 |
|
8/31/2025 |
8.94 |
.43 |
(.07 ) |
.36 |
(.42 ) |
— |
(.42 ) |
8.88 |
4.14 |
103 |
.30 |
.26 |
4.90 |
|
8/31/2024 |
8.76 |
.44 |
.16 |
.60 |
(.42 ) |
— |
(.42 ) |
8.94 |
7.10 |
60 |
.31 |
.27 |
5.07 |
|
8/31/2023 |
9.34 |
.36 |
(.60 ) |
(.24 ) |
(.34 ) |
— |
(.34 ) |
8.76 |
(2.65 ) |
381 |
.29 |
.26 |
4.07 |
|
8/31/2022 |
10.23 |
.18 |
(.93 ) |
(.75 ) |
(.14 ) |
— |
(.14 ) |
9.34 |
(7.35 ) |
64 |
.24 |
.24 |
1.88 |
|
Class 529-A: |
|||||||||||||
|
8/31/2026 |
8.88 |
.35 |
(.25 ) |
.10 |
(.35 ) |
— |
(.35 ) |
8.63 |
1.13 |
18 |
.71 |
.69 |
3.99 |
|
8/31/2025 |
8.93 |
.39 |
(.06 ) |
.33 |
(.38 ) |
— |
(.38 ) |
8.88 |
3.80 |
18 |
.74 |
.70 |
4.46 |
|
8/31/2024 |
8.75 |
.40 |
.16 |
.56 |
(.38 ) |
— |
(.38 ) |
8.93 |
6.59 |
19 |
.78 |
.73 |
4.60 |
|
8/31/2023 |
9.33 |
.30 |
(.59 ) |
(.29 ) |
(.29 ) |
— |
(.29 ) |
8.75 |
(3.11 ) |
20 |
.75 |
.73 |
3.32 |
|
8/31/2022 |
10.22 |
.09 |
(.88 ) |
(.79 ) |
(.10 ) |
— |
(.10 ) |
9.33 |
(7.75 ) |
25 |
.67 |
.67 |
.89 |
|
Class 529-C: |
|||||||||||||
|
8/31/2026 |
8.76 |
.28 |
(.24 ) |
.04 |
(.28 ) |
— |
(.28 ) |
8.52 |
.43 |
1 |
1.48 |
1.46 |
3.22 |
|
8/31/2025 |
8.82 |
.32 |
(.08 ) |
.24 |
(.30 ) |
— |
(.30 ) |
8.76 |
2.87 |
1 |
1.52 |
1.48 |
3.68 |
|
8/31/2024 |
8.64 |
.33 |
.16 |
.49 |
(.31 ) |
— |
(.31 ) |
8.82 |
5.81 |
1 |
1.54 |
1.50 |
3.85 |
|
8/31/2023 |
9.21 |
.22 |
(.57 ) |
(.35 ) |
(.22 ) |
— |
(.22 ) |
8.64 |
(3.82 ) |
1 |
1.52 |
1.50 |
2.52 |
|
8/31/2022 |
10.12 |
.01 |
(.86 ) |
(.85 ) |
(.06 ) |
— |
(.06 ) |
9.21 |
(8.46 ) |
2 |
1.44 |
1.44 |
.09 |
Refer to the end of the table(s) for footnote(s).
|
39 |
American Funds Mortgage Fund |
Financial highlights (continued)
|
Income (loss) from investment operations1 |
Dividends and distributions |
||||||||||||
|
Year ended |
Net asset value, beginning of year |
Net investment income (loss) |
Net gains (losses) on securities (both realized and unrealized) |
Total from investment operations |
Dividends (from net investment income) |
Distributions (from capital gains) |
Total dividends and distributions |
Net asset value, end of year |
Total return2,3 |
Net assets, end of year (in millions) |
Ratio of expenses to average net assets before waivers/ reimburse- ments4 |
Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 |
Ratio of net income (loss) to average net assets3 |
|
Class 529-E: |
|||||||||||||
|
8/31/2026 |
$8.87 |
$.33 |
$(.24 ) |
$.09 |
$(.33 ) |
$— |
$(.33 ) |
$8.63 |
1.02 % |
$1 |
.93 % |
.91 % |
3.75 % |
|
8/31/2025 |
8.93 |
.37 |
(.07 ) |
.30 |
(.36 ) |
— |
(.36 ) |
8.87 |
3.45 |
1 |
.96 |
.93 |
4.24 |
|
8/31/2024 |
8.75 |
.39 |
.15 |
.54 |
(.36 ) |
— |
(.36 ) |
8.93 |
6.43 |
1 |
.93 |
.89 |
4.45 |
|
8/31/2023 |
9.33 |
.28 |
(.58 ) |
(.30 ) |
(.28 ) |
— |
(.28 ) |
8.75 |
(3.29 ) |
1 |
.94 |
.92 |
3.15 |
|
8/31/2022 |
10.22 |
.07 |
(.88 ) |
(.81 ) |
(.08 ) |
— |
(.08 ) |
9.33 |
(7.90 ) |
1 |
.87 |
.87 |
.69 |
|
Class 529-F-2: |
|||||||||||||
|
8/31/2026 |
8.88 |
.38 |
(.24 ) |
.14 |
(.38 ) |
— |
(.38 ) |
8.64 |
1.53 |
5 |
.42 |
.41 |
4.29 |
|
8/31/2025 |
8.94 |
.42 |
(.08 ) |
.34 |
(.40 ) |
— |
(.40 ) |
8.88 |
3.98 |
6 |
.46 |
.42 |
4.74 |
|
8/31/2024 |
8.76 |
.43 |
.15 |
.58 |
(.40 ) |
— |
(.40 ) |
8.94 |
6.91 |
6 |
.47 |
.43 |
4.90 |
|
8/31/2023 |
9.34 |
.34 |
(.59 ) |
(.25 ) |
(.33 ) |
— |
(.33 ) |
8.76 |
(2.74 ) |
7 |
.38 |
.35 |
3.73 |
|
8/31/2022 |
10.23 |
.11 |
(.87 ) |
(.76 ) |
(.13 ) |
— |
(.13 ) |
9.34 |
(7.49 ) |
7 |
.39 |
.39 |
1.16 |
|
Class 529-F-3: |
|||||||||||||
|
8/31/2026 |
8.88 |
.39 |
(.24 ) |
.15 |
(.39 ) |
— |
(.39 ) |
8.64 |
1.64 |
— 5 |
.31 |
.30 |
4.39 |
|
8/31/2025 |
8.94 |
.43 |
(.08 ) |
.35 |
(.41 ) |
— |
(.41 ) |
8.88 |
4.12 |
— 5 |
.33 |
.30 |
4.87 |
|
8/31/2024 |
8.76 |
.44 |
.16 |
.60 |
(.42 ) |
— |
(.42 ) |
8.94 |
7.05 |
— 5 |
.35 |
.30 |
5.04 |
|
8/31/2023 |
9.34 |
.34 |
(.59 ) |
(.25 ) |
(.33 ) |
— |
(.33 ) |
8.76 |
(2.71 ) |
— 5 |
.34 |
.32 |
3.77 |
|
8/31/2022 |
10.23 |
.13 |
(.88 ) |
(.75 ) |
(.14 ) |
— |
(.14 ) |
9.34 |
(7.40 ) |
— 5 |
.29 |
.29 |
1.29 |
|
Class R-1: |
|||||||||||||
|
8/31/2026 |
8.78 |
.30 |
(.25 ) |
.05 |
(.29 ) |
— |
(.29 ) |
8.54 |
.51 |
2 |
1.41 |
1.39 |
3.36 |
|
8/31/2025 |
8.84 |
.33 |
(.08 ) |
.25 |
(.31 ) |
— |
(.31 ) |
8.78 |
2.98 |
5 |
1.42 |
1.38 |
3.78 |
|
8/31/2024 |
8.65 |
.34 |
.17 |
.51 |
(.32 ) |
— |
(.32 ) |
8.84 |
6.04 |
6 |
1.43 |
1.39 |
3.95 |
|
8/31/2023 |
9.23 |
.24 |
(.59 ) |
(.35 ) |
(.23 ) |
— |
(.23 ) |
8.65 |
(3.81 ) |
5 |
1.41 |
1.39 |
2.69 |
|
8/31/2022 |
10.14 |
.02 |
(.87 ) |
(.85 ) |
(.06 ) |
— |
(.06 ) |
9.23 |
(8.40 ) |
5 |
1.36 |
1.36 |
.19 |
|
Class R-2: |
|||||||||||||
|
8/31/2026 |
8.77 |
.29 |
(.24 ) |
.05 |
(.29 ) |
— |
(.29 ) |
8.53 |
.54 |
3 |
1.37 |
1.36 |
3.33 |
|
8/31/2025 |
8.83 |
.33 |
(.07 ) |
.26 |
(.32 ) |
— |
(.32 ) |
8.77 |
3.00 |
3 |
1.40 |
1.36 |
3.80 |
|
8/31/2024 |
8.65 |
.34 |
.16 |
.50 |
(.32 ) |
— |
(.32 ) |
8.83 |
5.95 |
3 |
1.40 |
1.36 |
3.98 |
|
8/31/2023 |
9.22 |
.24 |
(.58 ) |
(.34 ) |
(.23 ) |
— |
(.23 ) |
8.65 |
(3.69 ) |
2 |
1.39 |
1.37 |
2.67 |
|
8/31/2022 |
10.13 |
.03 |
(.88 ) |
(.85 ) |
(.06 ) |
— |
(.06 ) |
9.22 |
(8.39 ) |
3 |
1.33 |
1.33 |
.26 |
|
Class R-2E: |
|||||||||||||
|
8/31/2026 |
8.85 |
.33 |
(.24 ) |
.09 |
(.33 ) |
— |
(.33 ) |
8.61 |
.95 6 |
— 5 |
1.01 6 |
.98 6 |
3.70 6 |
|
8/31/2025 |
8.91 |
.36 |
(.07 ) |
.29 |
(.35 ) |
— |
(.35 ) |
8.85 |
3.35 6 |
— 5 |
1.09 6 |
1.04 6 |
4.14 6 |
|
8/31/2024 |
8.72 |
.37 |
.17 |
.54 |
(.35 ) |
— |
(.35 ) |
8.91 |
6.38 |
— 5 |
1.10 |
1.06 |
4.28 |
|
8/31/2023 |
9.30 |
.28 |
(.60 ) |
(.32 ) |
(.26 ) |
— |
(.26 ) |
8.72 |
(3.43 ) |
— 5 |
1.06 |
1.04 |
3.09 |
|
8/31/2022 |
10.20 |
.06 |
(.88 ) |
(.82 ) |
(.08 ) |
— |
(.08 ) |
9.30 |
(8.09 ) |
— 5 |
1.02 |
1.01 |
.60 |
|
Class R-3: |
|||||||||||||
|
8/31/2026 |
8.85 |
.33 |
(.24 ) |
.09 |
(.33 ) |
— |
(.33 ) |
8.61 |
.86 |
13 |
.94 |
.93 |
3.77 |
|
8/31/2025 |
8.91 |
.37 |
(.07 ) |
.30 |
(.36 ) |
— |
(.36 ) |
8.85 |
3.45 |
45 |
.96 |
.92 |
4.24 |
|
8/31/2024 |
8.72 |
.38 |
.17 |
.55 |
(.36 ) |
— |
(.36 ) |
8.91 |
6.51 |
48 |
.97 |
.92 |
4.42 |
|
8/31/2023 |
9.30 |
.28 |
(.59 ) |
(.31 ) |
(.27 ) |
— |
(.27 ) |
8.72 |
(3.32 ) |
37 |
.95 |
.93 |
3.17 |
|
8/31/2022 |
10.20 |
.06 |
(.88 ) |
(.82 ) |
(.08 ) |
— |
(.08 ) |
9.30 |
(8.03 ) |
36 |
.90 |
.90 |
.66 |
Refer to the end of the table(s) for footnote(s).
|
American Funds Mortgage Fund |
40 |
Financial highlights (continued)
|
Income (loss) from investment operations1 |
Dividends and distributions |
||||||||||||
|
Year ended |
Net asset value, beginning of year |
Net investment income (loss) |
Net gains (losses) on securities (both realized and unrealized) |
Total from investment operations |
Dividends (from net investment income) |
Distributions (from capital gains) |
Total dividends and distributions |
Net asset value, end of year |
Total return2,3 |
Net assets, end of year (in millions) |
Ratio of expenses to average net assets before waivers/ reimburse- ments4 |
Ratio of expenses to average net assets after waivers/ reimburse- ments3,4 |
Ratio of net income (loss) to average net assets3 |
|
Class R-4: |
|||||||||||||
|
8/31/2026 |
$8.88 |
$.36 |
$(.24 ) |
$.12 |
$(.36 ) |
$— |
$(.36 ) |
$8.64 |
1.31 % |
$11 |
.64 % |
.62 % |
4.06 % |
|
8/31/2025 |
8.94 |
.40 |
(.08 ) |
.32 |
(.38 ) |
— |
(.38 ) |
8.88 |
3.76 |
11 |
.66 |
.63 |
4.54 |
|
8/31/2024 |
8.76 |
.41 |
.16 |
.57 |
(.39 ) |
— |
(.39 ) |
8.94 |
6.70 |
11 |
.67 |
.63 |
4.71 |
|
8/31/2023 |
9.34 |
.32 |
(.60 ) |
(.28 ) |
(.30 ) |
— |
(.30 ) |
8.76 |
(3.00 ) |
12 |
.64 |
.62 |
3.53 |
|
8/31/2022 |
10.23 |
.11 |
(.89 ) |
(.78 ) |
(.11 ) |
— |
(.11 ) |
9.34 |
(7.67 ) |
12 |
.59 |
.59 |
1.08 |
|
Class R-5E: |
|||||||||||||
|
8/31/2026 |
8.88 |
.38 |
(.24 ) |
.14 |
(.38 ) |
— |
(.38 ) |
8.64 |
1.52 |
1 |
.51 |
.42 |
4.27 |
|
8/31/2025 |
8.94 |
.42 |
(.08 ) |
.34 |
(.40 ) |
— |
(.40 ) |
8.88 |
3.97 |
1 |
.50 |
.42 |
4.74 |
|
8/31/2024 |
8.75 |
.43 |
.16 |
.59 |
(.40 ) |
— |
(.40 ) |
8.94 |
7.03 |
1 |
.48 |
.44 |
4.90 |
|
8/31/2023 |
9.33 |
.34 |
(.60 ) |
(.26 ) |
(.32 ) |
— |
(.32 ) |
8.75 |
(2.81 ) |
1 |
.44 |
.41 |
3.80 |
|
8/31/2022 |
10.23 |
.13 |
(.90 ) |
(.77 ) |
(.13 ) |
— |
(.13 ) |
9.33 |
(7.50 ) |
1 |
.39 |
.39 |
1.33 |
|
Class R-5: |
|||||||||||||
|
8/31/2026 |
8.88 |
.38 |
(.23 ) |
.15 |
(.39 ) |
— |
(.39 ) |
8.64 |
1.61 |
1 |
.34 |
.33 |
4.36 |
|
8/31/2025 |
8.94 |
.42 |
(.07 ) |
.35 |
(.41 ) |
— |
(.41 ) |
8.88 |
4.07 |
1 |
.37 |
.33 |
4.83 |
|
8/31/2024 |
8.76 |
.43 |
.16 |
.59 |
(.41 ) |
— |
(.41 ) |
8.94 |
7.02 |
— 5 |
.38 |
.33 |
5.01 |
|
8/31/2023 |
9.34 |
.32 |
(.57 ) |
(.25 ) |
(.33 ) |
— |
(.33 ) |
8.76 |
(2.71 ) |
1 |
.34 |
.33 |
3.50 |
|
8/31/2022 |
10.23 |
.13 |
(.88 ) |
(.75 ) |
(.14 ) |
— |
(.14 ) |
9.34 |
(7.40 ) |
1 |
.29 |
.29 |
1.30 |
|
Class R-6: |
|||||||||||||
|
8/31/2026 |
8.88 |
.39 |
(.25 ) |
.14 |
(.39 ) |
— |
(.39 ) |
8.63 |
1.56 |
12,306 |
.28 |
.27 |
4.42 |
|
8/31/2025 |
8.94 |
.43 |
(.07 ) |
.36 |
(.42 ) |
— |
(.42 ) |
8.88 |
4.14 |
11,099 |
.30 |
.26 |
4.90 |
|
8/31/2024 |
8.75 |
.44 |
.17 |
.61 |
(.42 ) |
— |
(.42 ) |
8.94 |
7.21 |
10,319 |
.31 |
.26 |
5.07 |
|
8/31/2023 |
9.33 |
.35 |
(.59 ) |
(.24 ) |
(.34 ) |
— |
(.34 ) |
8.75 |
(2.76 ) |
8,463 |
.28 |
.26 |
3.87 |
|
8/31/2022 |
10.23 |
.13 |
(.89 ) |
(.76 ) |
(.14 ) |
— |
(.14 ) |
9.33 |
(7.35 ) |
7,845 |
.24 |
.24 |
1.35 |
Refer to the end of the table(s) for footnote(s).
|
41 |
American Funds Mortgage Fund |
Financial highlights (continued)
|
Portfolio turnover rate for all share classes7,8 |
Year ended August 31, |
||||
|
20269 |
2025 |
2024 |
2023 |
2022 |
|
|
Excluding mortgage dollar roll transactions |
62 % |
58 % |
37 % |
86 % |
42 % |
|
Including mortgage dollar roll transactions |
556 % |
428 % |
824 % |
1,185 % |
1,147 % |
|
1 |
Based on average shares outstanding. |
|
2 |
Total returns exclude any applicable sales charges, including contingent deferred sales charges. |
|
3 |
This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any. |
|
4 |
Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds. |
|
5 |
Amount less than $1 million. |
|
6 |
All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. |
|
7 |
Refer to Note 5 for more information on mortgage dollar rolls. |
|
8 |
Rates do not include the fund’s portfolio activity with respect to any Central Funds. |
|
9 |
Rates exclude in-kind transactions, if any. |
Refer to the notes to financial statements.
|
American Funds Mortgage Fund |
42 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees and Shareholders of American Funds Mortgage Fund
Opinion on the Financial Statements
We have audited the accompanying statement of assets and liabilities, including the investment portfolio, of American Funds Mortgage Fund (the "Fund") as of August 31, 2026, the related statement of operations for the year ended August 31, 2026, the statement of changes in net assets for each of the two years in the period ended August 31, 2026, including the related notes, and the financial highlights for each of the five years in the period ended August 31, 2026 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of August 31, 2026, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended August 31, 2026 and the financial highlights for each of the five years in the period ended August 31, 2026 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2026 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.
/s/PricewaterhouseCoopers LLP
Los Angeles, California
October 14, 2026
We have served as the auditor of one or more investment companies in The Capital Group group of investment companies since 1934.
|
43 |
American Funds Mortgage Fund |
Tax informationunaudited
We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund’s fiscal year ended August 31, 2026:
|
Section 163(j) interest dividends |
100% |
|
U.S. government income that may be exempt from state taxation |
$179,528,000 |
Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2027, to determine the calendar year amounts to be included on their 2026 tax returns. Shareholders should consult their tax advisors.
|
American Funds Mortgage Fund |
44 |
Changes in and disagreements with accountants
None
Matters submitted for shareholder vote
Results of special meeting of shareholders
Held November 25, 2025
Shares outstanding (all classes) on August 28, 2025 (record date):
1,338,807,954
Total shares voting on November 25, 2025:
1,301,416,581 (97.2% of shares outstanding)
The proposal: To elect board members
|
Board member |
Votes for |
Percent of shares voting for |
Votes withheld |
Percent of shares withheld |
|
Gina F. Adams |
1,295,778,967 |
99.6% |
5,637,614 |
0.4% |
|
Pramod Atluri |
1,300,062,031 |
99.9% |
1,354,550 |
0.1% |
|
Francisco G. Cigarroa |
1,300,120,790 |
99.9% |
1,295,791 |
0.1% |
|
Nariman Farvardin |
1,300,125,059 |
99.9% |
1,291,522 |
0.1% |
|
Jennifer C. Feikin |
1,300,322,755 |
99.9% |
1,093,826 |
0.1% |
|
Leslie Stone Heisz |
1,300,361,226 |
99.9% |
1,055,355 |
0.1% |
|
Merit E. Janow |
1,300,340,386 |
99.9% |
1,076,195 |
0.1% |
|
Martin E. Koehler |
1,300,198,026 |
99.9% |
1,218,555 |
0.1% |
|
Benjamin R. Miller |
1,300,199,870 |
99.9% |
1,216,711 |
0.1% |
|
Josette Sheeran |
1,300,439,319 |
99.9% |
977,262 |
0.1% |
|
Margaret Spellings |
1,300,363,806 |
99.9% |
1,052,775 |
0.1% |
|
Alexandra Trower |
1,300,401,778 |
99.9% |
1,014,803 |
0.1% |
|
Paul S. Williams |
1,300,160,219 |
99.9% |
1,256,362 |
0.1% |
|
Courtney K. Wolf |
1,300,463,114 |
99.9% |
953,467 |
0.1% |
The proposal: To approve the proposed amendment of the Investment Advisory and Service Agreement to modify the fee schedule
|
Votes for |
Percent
of shares
voting for |
Votes withheld |
Percent
of shares
withheld |
Votes abstaining |
Percent
of shares
votes abstaining |
|
1,263,509,189 |
97.1% |
647,274 |
0.0% |
1,203,423 |
0.1% |
|
(broker non-votes = 36,056,695) |
|||||
Remuneration paid to directors, officers and others
Refer to the Trustees’ deferred compensation disclosure in the Notes to financial statements.
|
45 |
American Funds Mortgage Fund |
Approval of Investment Advisory and Service Agreement
At a meeting held in March 2026, the fund’s board approved the continuation of the fund’s Investment Advisory and Service Agreement (the “agreement”) with Capital Research and Management Company (“CRMC”) for an interim period through July 31, 2026. At a meeting held in June 2026, the fund’s board approved the continuation of the agreement with CRMC for an additional one-year term through July 31, 2027. The approval for an interim period aligns the renewal cycle for the fund’s agreement with the renewal cycle of other fixed income funds and exchange-traded funds managed by CRMC. The interim and one-year approvals are discussed below on a combined basis. In each case, the fund’s board approved the agreement following the recommendation of the fund’s Contracts Committee (the “committee”), which is composed of all the fund’s independent board members. The board and the committee determined in the exercise of their business judgment that the fund’s advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.
In reaching this decision, the board and the committee took into account their interactions with CRMC and information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and they were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.
1. Nature, extent and quality of services
The board and the committee considered the depth and quality of CRMC’s investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund’s assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC’s organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.
2. Investment results
The board and the committee considered the investment results of the fund in light of its objective. They compared the fund’s investment results with those of other funds (including funds that currently form the basis of the Morningstar index for the category in which the fund is included) and data such as publicly disclosed benchmarks, including applicable market and fund indexes over various periods (including the fund’s lifetime) through December 31, 2025. They generally placed greater emphasis on investment results over longer term periods and relative to benchmarks consistent with the fund’s objective. On the basis of this evaluation and the board’s and the committee’s ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund’s investment results have been satisfactory for renewal of the agreement, and that CRMC’s record in managing the fund indicated that its continued management should benefit the fund and its shareholders.
3. Advisory fees and total expenses
The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund’s advisory fees and expenses generally compared favorably to those of other similar funds included in the comparable Morningstar category. The board and the committee also considered the breakpoint discounts in the fund’s advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund’s cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund’s shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.
|
American Funds Mortgage Fund |
46 |
Approval of Investment Advisory and Service Agreement (continued)
4. Ancillary benefits
The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC’s relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC’s affiliated transfer agent; sales charges and distribution fees received and retained by the fund’s principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC’s portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payments to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.
5. Adviser financial information
The board and the committee reviewed information regarding CRMC’s costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC’s costs and related cost allocation methodology, as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC’s investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC’s profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC’s long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund’s advisory fee structure and CRMC’s sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund’s advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund’s shareholders.
|
47 |
American Funds Mortgage Fund |
ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None
ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form under Matters submitted for shareholder vote.
ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form within the Trustees' deferred compensation disclosure in the Notes to financial statements.
ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
The information is included as part of the material filed under Item 7 of this Form under Approval of Investment Advisory and Service Agreement.
ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 15 - Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent trustee candidates to the full board of trustees. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.
ITEM 16 - Controls and Procedures
(a) The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.
(b) There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.
ITEM 18 - Recovery of Erroneously Awarded Compensation
None
ITEM 19 - Exhibits
(a)(1) Code of Ethics - See Item 2
(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
American Funds Mortgage Fund
By /s/ Kristine M. Nishiyama
Kristine M. Nishiyama,
Principal Executive Officer
Date: October 30, 2026
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By /s/ Kristine M. Nishiyama
Kristine M. Nishiyama,
Principal Executive Officer
Date: October 30, 2026
By /s/ Becky L. Park
Becky L. Park, Treasurer and
Principal Financial Officer
Date: October 30, 2026