American Funds Mortgage Fund Class F-1 (MFAEX)
Filed: 28 Jan 20, 3:43pm
American Funds Mortgage Fund®
Investment portfolio
November 30, 2019
unaudited
| Bonds, notes & other debt instruments 85.36% Mortgage-backed obligations 65.44% Federal agency mortgage-backed obligations 62.13% | Principal amount (000) | Value (000) |
| Fannie Mae 3.00% 20331 | $394 | $401 |
| Fannie Mae 5.00% 20401 | 468 | 491 |
| Fannie Mae 4.00% 20431 | 5,376 | 5,713 |
| Fannie Mae 4.50% 20471 | 4,495 | 4,663 |
| Fannie Mae Pool #AE9138 3.50% 20201 | 2 | 2 |
| Fannie Mae Pool #AE8705 3.00% 20251 | 56 | 58 |
| Fannie Mae Pool #AK9045 3.00% 20271 | 23 | 24 |
| Fannie Mae Pool #BD2402 3.00% 20311 | 406 | 417 |
| Fannie Mae Pool #BM4151 2.50% 20321 | 10,597 | 10,724 |
| Fannie Mae Pool #CA3274 3.00% 20321 | 887 | 913 |
| Fannie Mae Pool #BM1275 3.00% 20321 | 873 | 902 |
| Fannie Mae Pool #BE3641 3.00% 20321 | 774 | 795 |
| Fannie Mae Pool #BJ5987 3.00% 20321 | 735 | 755 |
| Fannie Mae Pool #MA3188 3.00% 20321 | 148 | 152 |
| Fannie Mae Pool #BM3716 3.00% 20321 | 62 | 64 |
| Fannie Mae Pool #MA3218 3.00% 20321 | 37 | 38 |
| Fannie Mae Pool #MA1640 2.50% 20331 | 1,772 | 1,773 |
| Fannie Mae Pool #AB9299 2.50% 20331 | 473 | 471 |
| Fannie Mae Pool #MA3437 3.00% 20331 | 2,619 | 2,684 |
| Fannie Mae Pool #BK1943 3.00% 20331 | 903 | 928 |
| Fannie Mae Pool #BK4390 3.00% 20331 | 877 | 900 |
| Fannie Mae Pool #CA2545 3.00% 20331 | 860 | 882 |
| Fannie Mae Pool #CA1624 3.00% 20331 | 817 | 841 |
| Fannie Mae Pool #BK0785 3.00% 20331 | 728 | 747 |
| Fannie Mae Pool #BJ4876 3.00% 20331 | 568 | 582 |
| Fannie Mae Pool #BK0857 3.00% 20331 | 517 | 530 |
| Fannie Mae Pool #BM5111 3.00% 20331 | 338 | 349 |
| Fannie Mae Pool #BK3714 3.00% 20331 | 226 | 232 |
| Fannie Mae Pool #BJ7193 3.00% 20331 | 215 | 222 |
| Fannie Mae Pool #BK7894 3.00% 20331 | 172 | 177 |
| Fannie Mae Pool #BJ5923 3.00% 20331 | 168 | 172 |
| Fannie Mae Pool #BJ4856 3.00% 20331 | 153 | 158 |
| Fannie Mae Pool #BM5108 3.00% 20331 | 71 | 73 |
| Fannie Mae Pool #BJ4573 3.00% 20331 | 26 | 27 |
| Fannie Mae Pool #BM3919 3.00% 20331 | 20 | 21 |
| Fannie Mae Pool #BJ9000 3.50% 20331 | 280 | 292 |
| Fannie Mae Pool #CA2106 3.50% 20331 | 66 | 69 |
| Fannie Mae Pool #MA3490 4.00% 20331 | 97,887 | 102,190 |
| Fannie Mae Pool #MA3439 4.00% 20331 | 12,554 | 13,132 |
| Fannie Mae Pool #MA3764 2.50% 20341 | 15,672 | 15,815 |
| Fannie Mae Pool #MA3827 2.50% 20341 | 10,712 | 10,810 |
| Fannie Mae Pool #BN8602 3.00% 20341 | 1,519 | 1,557 |
| Fannie Mae Pool #BJ7631 3.00% 20341 | 359 | 368 |
| Fannie Mae Pool #BN5298 3.00% 20341 | 190 | 194 |
| Fannie Mae Pool #BN9992 3.00% 20341 | 59 | 60 |
| Fannie Mae Pool #MA2746 4.00% 20361 | 5,332 | 5,669 |
American Funds Mortgage Fund — Page 1 of 12
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| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
| Fannie Mae Pool #AS7224 4.00% 20361 | $4,996 | $5,311 |
| Fannie Mae Pool #MA2717 4.00% 20361 | 3,328 | 3,539 |
| Fannie Mae Pool #MA2819 4.00% 20361 | 2,990 | 3,166 |
| Fannie Mae Pool #MA2787 4.00% 20361 | 1,509 | 1,604 |
| Fannie Mae Pool #MA2630 4.00% 20361 | 669 | 711 |
| Fannie Mae Pool #MA3186 4.00% 20371 | 12,966 | 13,638 |
| Fannie Mae Pool #AU0626 2.275% 20431 | 183 | 175 |
| Fannie Mae Pool #AT7470 2.275% 20431 | 119 | 114 |
| Fannie Mae Pool #AU8121 2.275% 20431 | 102 | 98 |
| Fannie Mae Pool #AU8120 2.275% 20431 | 80 | 77 |
| Fannie Mae Pool #AU0627 2.525% 20431 | 207 | 205 |
| Fannie Mae Pool #AU3962 2.525% 20431 | 137 | 136 |
| Fannie Mae Pool #AU1583 2.525% 20431 | 132 | 131 |
| Fannie Mae Pool #AT4747 2.525% 20431 | 128 | 127 |
| Fannie Mae Pool #AU1575 2.525% 20431 | 126 | 125 |
| Fannie Mae Pool #AU1584 2.525% 20431 | 115 | 114 |
| Fannie Mae Pool #AU3963 2.525% 20431 | 98 | 97 |
| Fannie Mae Pool #AU8122 2.525% 20431 | 94 | 93 |
| Fannie Mae Pool #AT7476 2.525% 20431 | 93 | 92 |
| Fannie Mae Pool #AU8124 2.525% 20431 | 82 | 81 |
| Fannie Mae Pool #AU8123 2.525% 20431 | 78 | 77 |
| Fannie Mae Pool #AU6340 2.525% 20431 | 77 | 76 |
| Fannie Mae Pool #AU1585 2.525% 20431 | 65 | 65 |
| Fannie Mae Pool #AU3961 2.525% 20431 | 64 | 63 |
| Fannie Mae Pool #AU4814 2.525% 20431 | 48 | 47 |
| Fannie Mae Pool #AU1577 2.775% 20431 | 344 | 347 |
| Fannie Mae Pool #AU8126 2.775% 20431 | 343 | 346 |
| Fannie Mae Pool #AU4816 2.775% 20431 | 320 | 322 |
| Fannie Mae Pool #AT9853 2.775% 20431 | 216 | 217 |
| Fannie Mae Pool #AU3964 2.775% 20431 | 204 | 205 |
| Fannie Mae Pool #AU4817 2.775% 20431 | 136 | 137 |
| Fannie Mae Pool #AU1587 2.775% 20431 | 124 | 124 |
| Fannie Mae Pool #AT9852 2.775% 20431 | 101 | 101 |
| Fannie Mae Pool #AU8125 2.775% 20431 | 95 | 96 |
| Fannie Mae Pool #AU1576 2.775% 20431 | 77 | 78 |
| Fannie Mae Pool #AU3965 2.775% 20431 | 59 | 59 |
| Fannie Mae Pool #AT8826 2.775% 20431 | 57 | 57 |
| Fannie Mae Pool #AU8127 2.775% 20431 | 53 | 54 |
| Fannie Mae Pool #AT8825 2.775% 20431 | 43 | 43 |
| Fannie Mae Pool #AU3966 3.025% 20431 | 329 | 334 |
| Fannie Mae Pool #AT7457 3.025% 20431 | 200 | 203 |
| Fannie Mae Pool #AU3968 3.025% 20431 | 182 | 185 |
| Fannie Mae Pool #AU1589 3.025% 20431 | 159 | 161 |
| Fannie Mae Pool #AU3967 3.025% 20431 | 131 | 133 |
| Fannie Mae Pool #AU8129 3.025% 20431 | 103 | 104 |
| Fannie Mae Pool #AU4819 3.025% 20431 | 89 | 90 |
| Fannie Mae Pool #AU1588 3.025% 20431 | 83 | 85 |
| Fannie Mae Pool #AU6343 3.025% 20431 | 80 | 81 |
| Fannie Mae Pool #AU0630 3.025% 20431 | 74 | 75 |
| Fannie Mae Pool #AU6342 3.025% 20431 | 43 | 43 |
| Fannie Mae Pool #AU6344 3.275% 20431 | 139 | 142 |
| Fannie Mae Pool #AT8820 3.275% 20431 | 69 | 71 |
| Fannie Mae Pool #AU8131 3.275% 20431 | 59 | 60 |
| Fannie Mae Pool #AU1591 3.275% 20431 | 31 | 32 |
American Funds Mortgage Fund — Page 2 of 12
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| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
| Fannie Mae Pool #BD2440 3.50% 20471 | $1,175 | $1,221 |
| Fannie Mae Pool #BH2597 4.00% 20471 | 16,315 | 17,125 |
| Fannie Mae Pool #BM4488 3.435% 20481,2 | 26,462 | 27,158 |
| Fannie Mae Pool #BK3204 3.50% 20481 | 2,763 | 2,857 |
| Fannie Mae Pool #BK5328 4.00% 20481 | 144 | 150 |
| Fannie Mae Pool #BK7117 4.00% 20481 | 89 | 93 |
| Fannie Mae Pool #BM2006 4.00% 20481 | 83 | 87 |
| Fannie Mae Pool #MA3496 4.50% 20481 | 1,597 | 1,684 |
| Fannie Mae Pool #BN1576 4.50% 20481 | 301 | 317 |
| Fannie Mae Pool #CA1574 5.00% 20481 | 25,323 | 27,156 |
| Fannie Mae Pool #BO5176 3.00% 20491 | 14,561 | 14,975 |
| Fannie Mae Pool #MA3692 3.50% 20491 | 37,026 | 38,015 |
| Fannie Mae Pool #MA3803 3.50% 20491 | 11,462 | 11,784 |
| Fannie Mae Pool #MA3775 3.50% 20491 | 11,059 | 11,384 |
| Fannie Mae Pool #CA3309 3.50% 20491 | 7,597 | 7,833 |
| Fannie Mae Pool #BJ8402 3.545% 20491,2 | 4,649 | 4,807 |
| Fannie Mae Pool #MA3776 4.00% 20491 | 11,408 | 11,880 |
| Fannie Mae Pool #BO2995 4.00% 20491 | 3,678 | 3,850 |
| Fannie Mae Pool #MA3804 4.00% 20491 | 529 | 551 |
| Fannie Mae Pool #BO2188 4.00% 20491 | 515 | 536 |
| Fannie Mae Pool #MA3639 4.50% 20491 | 26,380 | 27,690 |
| Fannie Mae Pool #MA3564 4.50% 20491 | 17,223 | 18,084 |
| Fannie Mae Pool #FM1389 4.50% 20491 | 3,216 | 3,374 |
| Fannie Mae Pool #BJ7731 4.50% 20491 | 1,354 | 1,424 |
| Fannie Mae Pool #BN6006 4.50% 20491 | 1,153 | 1,217 |
| Fannie Mae Pool #MA3593 4.50% 20491 | 184 | 194 |
| Fannie Mae Pool #AS0745 3.50% 20531 | 1,721 | 1,736 |
| Freddie Mac 4.00% 20361 | 1,373 | 1,460 |
| Freddie Mac 4.00% 20361 | 1,339 | 1,419 |
| Freddie Mac 4.00% 20361 | 976 | 1,038 |
| Freddie Mac 6.00% 20381 | 108 | 124 |
| Freddie Mac 4.00% 20411 | 351 | 365 |
| Freddie Mac 3.50% 20461 | 290 | 298 |
| Freddie Mac 4.50% 20461 | 1,300 | 1,386 |
| Freddie Mac 4.00% 20471 | 2,728 | 2,811 |
| Freddie Mac 3.50% 20481 | 4,422 | 4,551 |
| Freddie Mac 5.00% 20481 | 2,641 | 2,831 |
| Freddie Mac Pool #G18655 3.00% 20321 | 699 | 718 |
| Freddie Mac Pool #SB0032 3.50% 20321 | 4,631 | 4,800 |
| Freddie Mac Pool #ZS8710 3.00% 20331 | 140,048 | 143,565 |
| Freddie Mac Pool #G18715 3.00% 20331 | 93,517 | 96,083 |
| Freddie Mac Pool #ZS8715 3.00% 20331 | 7,105 | 7,279 |
| Freddie Mac Pool #ZT0716 3.00% 20331 | 3,234 | 3,316 |
| Freddie Mac Pool #SB8015 2.50% 20341 | 18,066 | 18,231 |
| Freddie Mac Pool #SB8002 3.00% 20341 | 148,316 | 151,928 |
| Freddie Mac Pool #760012 2.977% 20451,2 | 2,000 | 2,013 |
| Freddie Mac Pool #760013 3.08% 20451,2 | 1,702 | 1,717 |
| Freddie Mac Pool #760014 3.46% 20451,2 | 12,986 | 13,268 |
| Freddie Mac Pool #760015 3.231% 20471,2 | 3,496 | 3,523 |
| Freddie Mac Pool #V84817 3.50% 20471 | 78 | 80 |
| Freddie Mac Pool #V84872 3.50% 20481 | 422 | 435 |
| Freddie Mac Pool #ZA6124 4.50% 20481 | 1,138 | 1,196 |
| Freddie Mac Pool #ZT1546 4.50% 20481 | 355 | 373 |
| Freddie Mac Pool #SD7507 3.00% 20491 | 279,649 | 287,599 |
American Funds Mortgage Fund — Page 3 of 12
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| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
| Freddie Mac Pool #QA4673 3.00% 20491 | $20,000 | $20,569 |
| Freddie Mac Pool #V85471 3.50% 20491 | 10,936 | 11,285 |
| Freddie Mac Pool #V85284 3.50% 20491 | 1,158 | 1,192 |
| Freddie Mac, Series KS01, Class A2, Multi Family, 2.522% 20231 | 466 | 471 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 20561,3 | 15,184 | 15,467 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 20561 | 14,672 | 14,983 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 20561,2 | 11,016 | 11,260 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 20561,3 | 20,780 | 21,412 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.00% 20571,3 | 81,356 | 83,936 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 20571 | 92,913 | 96,578 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 20571 | 70,369 | 74,146 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 20571 | 51,787 | 54,142 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-4, Class MT, 3.50% 20571 | 2,551 | 2,688 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 20581 | 7,767 | 8,097 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 20591 | 123,298 | 126,192 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 20281 | 85,079 | 88,361 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 20281 | 19,858 | 20,550 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 20291,4 | 219,701 | 222,404 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 20291 | 120,159 | 124,413 |
| Government National Mortgage Assn. 4.00% 20321 | 755 | 792 |
| Government National Mortgage Assn. 4.00% 20321 | 576 | 604 |
| Government National Mortgage Assn. 6.50% 20321 | 808 | 917 |
| Government National Mortgage Assn. 3.75% 20341 | 1,061 | 1,105 |
| Government National Mortgage Assn. 4.25% 20341 | 1,089 | 1,149 |
| Government National Mortgage Assn. 3.25% 20351 | 2,521 | 2,615 |
| Government National Mortgage Assn. 3.25% 20351 | 1,731 | 1,796 |
| Government National Mortgage Assn. 3.25% 20351 | 1,378 | 1,430 |
| Government National Mortgage Assn. 3.25% 20351 | 1,320 | 1,369 |
| Government National Mortgage Assn. 5.00% 20351 | 441 | 468 |
| Government National Mortgage Assn. 3.75% 20371 | 406 | 425 |
| Government National Mortgage Assn. 6.50% 20381 | 345 | 393 |
| Government National Mortgage Assn. 6.50% 20381 | 54 | 58 |
| Government National Mortgage Assn. 6.00% 20391 | 2,222 | 2,516 |
| Government National Mortgage Assn. 3.25% 20401 | 1,099 | 1,142 |
| Government National Mortgage Assn. 3.25% 20401 | 922 | 957 |
| Government National Mortgage Assn. 3.25% 20401 | 606 | 628 |
| Government National Mortgage Assn. 5.00% 20401 | 169 | 179 |
| Government National Mortgage Assn. 5.50% 20401 | 2,437 | 2,725 |
| Government National Mortgage Assn. 4.00% 20411 | 1,061 | 1,071 |
| Government National Mortgage Assn. 4.50% 20411 | 1,182 | 1,248 |
| Government National Mortgage Assn. 4.50% 20411 | 739 | 780 |
| Government National Mortgage Assn. 4.50% 20411 | 596 | 622 |
| Government National Mortgage Assn. 4.50% 20411 | 276 | 290 |
| Government National Mortgage Assn. 4.50% 20411 | 222 | 232 |
| Government National Mortgage Assn. 5.00% 20411 | 2,424 | 2,566 |
| Government National Mortgage Assn. 5.00% 20411 | 1,857 | 1,968 |
| Government National Mortgage Assn. 5.00% 20411 | 716 | 760 |
| Government National Mortgage Assn. 6.50% 20411 | 79 | 84 |
| Government National Mortgage Assn. 2.75% 20421 | 522 | 531 |
| Government National Mortgage Assn. 2.75% 20421 | 379 | 385 |
| Government National Mortgage Assn. 2.75% 20421 | 374 | 382 |
| Government National Mortgage Assn. 2.75% 20421 | 244 | 249 |
| Government National Mortgage Assn. 2.75% 20421 | 243 | 247 |
| Government National Mortgage Assn. 2.75% 20421 | 66 | 67 |
American Funds Mortgage Fund — Page 4 of 12
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| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
| Government National Mortgage Assn. 2.75% 20421 | $57 | $58 |
| Government National Mortgage Assn. 3.50% 20421 | 643 | 683 |
| Government National Mortgage Assn. 4.00% 20421 | 516 | 548 |
| Government National Mortgage Assn. 4.00% 20421 | 517 | 548 |
| Government National Mortgage Assn. 4.00% 20421 | 466 | 490 |
| Government National Mortgage Assn. 4.50% 20421 | 1,422 | 1,501 |
| Government National Mortgage Assn. 3.50% 20431 | 881 | 924 |
| Government National Mortgage Assn. 3.50% 20431 | 817 | 856 |
| Government National Mortgage Assn. 4.00% 20431 | 909 | 934 |
| Government National Mortgage Assn. 3.75% 20441 | 1,440 | 1,514 |
| Government National Mortgage Assn. 4.25% 20441 | 761 | 813 |
| Government National Mortgage Assn. 4.00% 20461 | 4,092 | 4,231 |
| Government National Mortgage Assn. 4.00% 20471 | 8,552 | 8,966 |
| Government National Mortgage Assn. 3.00% 20491,5 | 3,000 | 3,084 |
| Government National Mortgage Assn. 4.00% 20491,5 | 25,841 | 26,835 |
| Government National Mortgage Assn. 4.50% 20491,5 | 43,285 | 45,231 |
| Government National Mortgage Assn. 4.50% 20491 | 5,821 | 6,086 |
| Government National Mortgage Assn. 3.50% 20501,5 | 16,000 | 16,529 |
| Government National Mortgage Assn. 4.00% 20501,5 | 27,759 | 28,810 |
| Government National Mortgage Assn. Pool #792276 3.50% 20421 | 487 | 510 |
| Government National Mortgage Assn. Pool #MA5986 4.00% 20491 | 35,810 | 37,232 |
| Government National Mortgage Assn. Pool #MA5931 4.00% 20491 | 5,677 | 5,902 |
| Government National Mortgage Assn. Pool #MA6155 4.00% 20491 | 1,191 | 1,238 |
| Government National Mortgage Assn. Pool #MA5987 4.50% 20491 | 141,440 | 148,263 |
| Government National Mortgage Assn. Pool #MA6041 4.50% 20491 | 70,043 | 73,480 |
| Government National Mortgage Assn. Pool #MA6156 4.50% 20491 | 58,029 | 61,176 |
| Government National Mortgage Assn. Pool #MA5932 4.50% 20491 | 36,342 | 37,969 |
| Government National Mortgage Assn. Pool #MA6092 4.50% 20491 | 16,157 | 16,991 |
| Government National Mortgage Assn. Pool #MA5877 4.50% 20491 | 860 | 898 |
| Government National Mortgage Assn. Pool #MA5933 5.00% 20491 | 5,255 | 5,552 |
| Government National Mortgage Assn. Pool #MA5988 5.00% 20491 | 807 | 856 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 20491 | 98 | 104 |
| Government National Mortgage Assn. Pool #721640 4.81% 20611 | 4 | 4 |
| Government National Mortgage Assn. Pool #773441 4.993% 20621 | 13 | 14 |
| Government National Mortgage Assn. Pool #AG8235 5.338% 20641 | 2 | 3 |
| Government National Mortgage Assn. Pool #AI2366 4.748% 20651 | 147 | 150 |
| Government National Mortgage Assn. Pool #AQ8290 4.949% 20661 | 31 | 32 |
| Government National Mortgage Assn. Pool #AQ8292 5.116% 20661 | 28 | 29 |
| Government National Mortgage Assn., Series 2011-H02, Class BA, 4.45% 20611,2 | 10 | 11 |
| Government National Mortgage Assn., Series 2016-H04, Class CI, interest only, 2.271% 20621,2 | 1,842 | 13 |
| Government National Mortgage Assn., Series 2016-H13, Class IO, interest only, 0.655% 20661,2 | 80,586 | 1,383 |
| Uniform Mortgage-Backed Security 2.50% 20341,5 | 54,000 | 54,466 |
| Uniform Mortgage-Backed Security 3.00% 20341,5 | 15,301 | 15,660 |
| Uniform Mortgage-Backed Security 2.50% 20351,5 | 7,000 | 7,059 |
| Uniform Mortgage-Backed Security 3.00% 20351,5 | 825,697 | 845,055 |
| Uniform Mortgage-Backed Security 3.00% 20491,5 | 10,600 | 10,750 |
| Uniform Mortgage-Backed Security 3.50% 20491,5 | 422,432 | 433,653 |
| Uniform Mortgage-Backed Security 4.00% 20491,5 | 3,890 | 4,036 |
| Uniform Mortgage-Backed Security 4.50% 20491,5 | 156,052 | 163,964 |
| Uniform Mortgage-Backed Security 3.50% 20501,5 | 21,300 | 21,866 |
| 4,339,429 |
American Funds Mortgage Fund — Page 5 of 12
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| Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) 3.31% | Principal amount (000) | Value (000) |
| Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 20481,2,6 | $3,400 | $3,467 |
| Finance of America Structured Securities Trust, Series 2018-HB1, Class A, 3.375% 20281,2,6 | 14,684 | 14,703 |
| Finance of America Structured Securities Trust, Series 2019-HB1, Class A, 3.279% 20291,2,6 | 18,276 | 18,470 |
| Homeward Opportunities Fund Trust, Series 2018-1, 3.766% 20481,2,6 | 6,177 | 6,239 |
| Mello Warehouse Securitization Trust, Series 2019-1, Class A, 2.508% 20521,2,6 | 6,710 | 6,731 |
| Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 2.573% 20521,2,6 | 22,507 | 22,563 |
| Nationstar HECM Loan Trust, Series 2018-2, Class A, 3.188% 20281,2,6 | 3,664 | 3,673 |
| Nationstar HECM Loan Trust, Series 2018-3A, Class A, 3.555% 20281,2,6 | 3,960 | 4,005 |
| Nationstar HECM Loan Trust, Series 2019-2A, Class A, 2.575% 20291,2,6 | 13,108 | 13,083 |
| Nationstar HECM Loan Trust, Series 2019-1A, Class A, 2.651% 20291,2,6 | 12,186 | 12,209 |
| Progress Residential Trust, Series 2019-SFR3, Class A, 2.271% 20361,6 | 60,000 | 59,201 |
| Reverse Mortgage Investment Trust, Series 2018-1, Class A, 3.436% 20281,2,6 | 1,829 | 1,832 |
| RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75% 20631,2,6 | 24,989 | 24,768 |
| Station Place Securitization Trust, Series 2019-WL1, Class A, (1-month USD-LIBOR + 0.65%) 2.358% 20521,2,6 | 31,990 | 32,076 |
| Towd Point Mortgage Trust, Series 2017-5, Class A1, 2.308% 20571,2,6 | 1,658 | 1,658 |
| Towd Point Mortgage Trust, Series 2015-2, Class 2A11, 3.00% 20571,2,6 | 6,112 | 6,148 |
| 230,826 | ||
| Total mortgage-backed obligations | 4,570,255 | |
| U.S. Treasury bonds & notes 19.38% U.S. Treasury 16.92% | ||
| U.S. Treasury 1.625% 2021 | 28,000 | 27,985 |
| U.S. Treasury 1.75% 2021 | 5,000 | 5,012 |
| U.S. Treasury 2.00% 2021 | 24,000 | 24,115 |
| U.S. Treasury 2.00% 2021 | 12,000 | 12,091 |
| U.S. Treasury 2.75% 2021 | 6,000 | 6,116 |
| U.S. Treasury 1.75% 2022 | 133,000 | 133,472 |
| U.S. Treasury 1.75% 2022 | 20,000 | 20,059 |
| U.S. Treasury 1.875% 2022 | 52,000 | 52,408 |
| U.S. Treasury 1.875% 2022 | 44,000 | 44,275 |
| U.S. Treasury 1.875% 2022 | 28,000 | 28,171 |
| U.S. Treasury 2.00% 2022 | 25,500 | 25,797 |
| U.S. Treasury 2.125% 20227 | 157,000 | 158,926 |
| U.S. Treasury 2.125% 20227 | 111,000 | 112,761 |
| U.S. Treasury 1.625% 2023 | 35,321 | 35,346 |
| U.S. Treasury 1.625% 2023 | 5,000 | 5,003 |
| U.S. Treasury 2.50% 2023 | 24,679 | 25,465 |
| U.S. Treasury 2.625% 2023 | 20,000 | 20,703 |
| U.S. Treasury 2.75% 2023 | 90,000 | 93,389 |
| U.S. Treasury 2.75% 2023 | 5,000 | 5,201 |
| U.S. Treasury 2.875% 2023 | 51,866 | 54,281 |
| U.S. Treasury 2.875% 2023 | 40,500 | 42,414 |
| U.S. Treasury 1.50% 2024 | 16,404 | 16,305 |
| U.S. Treasury 1.50% 2024 | 7,913 | 7,865 |
| U.S. Treasury 2.125% 2024 | 10,000 | 10,226 |
| U.S. Treasury 2.125% 2024 | 8,847 | 9,030 |
| U.S. Treasury 2.375% 2024 | 9,628 | 9,921 |
| U.S. Treasury 2.50% 20247 | 28,000 | 29,044 |
| U.S. Treasury 2.00% 2025 | 90,000 | 91,568 |
| U.S. Treasury 2.875% 2028 | 4,300 | 4,685 |
| U.S. Treasury 1.625% 2029 | 3,989 | 3,931 |
| U.S. Treasury 2.375% 2029 | 6,529 | 6,865 |
American Funds Mortgage Fund — Page 6 of 12
unaudited
| Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury (continued) | Principal amount (000) | Value (000) |
| U.S. Treasury 2.875% 20467 | $21,000 | $23,879 |
| U.S. Treasury 3.00% 20487 | 15,000 | 17,503 |
| U.S. Treasury 3.125% 2048 | 8,948 | 10,692 |
| U.S. Treasury 3.375% 2048 | 1,368 | 1,713 |
| U.S. Treasury 2.25% 20497 | 5,600 | 5,657 |
| 1,181,874 | ||
| U.S. Treasury inflation-protected securities 2.46% | ||
| U.S. Treasury Inflation-Protected Security 0.625% 20238 | 98,198 | 99,227 |
| U.S. Treasury Inflation-Protected Security 2.125% 20418 | 563 | 755 |
| U.S. Treasury Inflation-Protected Security 0.75% 20427,8 | 34,446 | 36,559 |
| U.S. Treasury Inflation-Protected Security 1.00% 20497,8 | 31,018 | 35,321 |
| 171,862 | ||
| Total U.S. Treasury bonds & notes | 1,353,736 | |
| Asset-backed obligations 0.54% | ||
| AmeriCredit Automobile Receivables Trust, Series 2018-1, Class A2A, 2.71% 20211 | 583 | 584 |
| Angel Oak Capital Advisors LLC, CLO, Series 2013-9A, Class A1R, (3-month USD-LIBOR + 1.01%) 2.976% 20251,2,6 | 141 | 141 |
| CPS Auto Receivables Trust, Series 2018-B, Class A, 2.72% 20211,6 | 661 | 661 |
| Drive Auto Receivables Trust, Series 2017-3, Class C, 2.80% 20221 | 1,391 | 1,392 |
| Drivetime Auto Owner Trust, Series 2019-3, Class A, 2.55% 20221,6 | 6,770 | 6,787 |
| Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A1, 2.23% 20241 | 14,000 | 14,074 |
| Palmer Square Loan Funding, CLO, Series 2019-2, Class A1, (3-month USD-LIBOR + 0.97%) 2.936% 20271,2,6 | 4,706 | 4,709 |
| Symphony Ltd., CLO, Series 2013-12A, Class AR, (3-month USD-LIBOR + 1.03%) 3.031% 20251,2,6 | 1,662 | 1,662 |
| Toyota Auto Receivables Owner Trust, Series 2018-B, Class A2A, 2.64% 20211 | 4,043 | 4,047 |
| Westlake Automobile Receivables Trust, Series 2018-2A, Class A2A, 2.84% 20211,6 | 2,712 | 2,714 |
| Westlake Automobile Receivables Trust, Series 2017-1A, Class C, 2.70% 20221,6 | 769 | 770 |
| 37,541 | ||
| Total bonds, notes & other debt instruments (cost: $5,891,564,000) | 5,961,532 | |
| Short-term securities 34.97% Federal agency discount notes 23.23% | ||
| Fannie Mae 1.54%-1.84% due 12/12/2019-12/16/2019 | 79,800 | 79,759 |
| Federal Farm Credit Banks 1.57%-1.70% due 12/16/2019-1/30/2020 | 26,000 | 25,953 |
| Federal Home Loan Bank 1.54%-1.94% due 12/4/2019-2/21/2020 | 1,369,020 | 1,367,025 |
| Freddie Mac 1.63%-1.84% due 1/2/2020-3/18/2020 | 150,000 | 149,730 |
| 1,622,467 | ||
| Commercial paper 6.17% | ||
| Apple Inc. 1.56%due 12/5/20196 | 37,000 | 36,991 |
| Chevron Corp. 1.60%due 12/18/20196 | 50,000 | 49,959 |
| Coöperatieve Rabobank U.A. 1.54%due 12/2/2019 | 80,300 | 80,290 |
| Eli Lilly and Co. 1.63%-1.66% due 12/5/2019-1/8/20206 | 112,400 | 112,254 |
| General Dynamics Corp. 1.65% due 12/12/2019-12/27/20196 | 123,700 | 123,582 |
| Wal-Mart Stores, Inc. 1.61%due 12/30/20196 | 28,000 | 27,961 |
| 431,037 |
American Funds Mortgage Fund — Page 7 of 12
unaudited
| Short-term securities (continued) U.S. Treasury bonds & notes 5.57% | Principal amount (000) | Value (000) |
| U.S. Treasury Bills 1.48%-1.50% due 12/10/2019-1/7/2020 | $389,200 | $388,706 |
| Total short-term securities (cost: $2,442,105,000) | 2,442,210 | |
| Total investment securities120.33% (cost: $8,333,669,000) | 8,403,742 | |
| Other assets less liabilities (20.33)% | (1,419,710) | |
| Net assets100.00% | $6,984,032 |
Futures contracts
| Contracts | Type | Number of contracts | Expiration | Notional amount9 (000) | Value at 11/30/201910 (000) | Unrealized (depreciation) appreciation at 11/30/2019 (000) |
| 2 Year U.S. Treasury Note Futures | Long | 2,756 | April 2020 | $551,200 | $594,155 | $(53) |
| 5 Year U.S. Treasury Note Futures | Long | 11,479 | April 2020 | 1,147,900 | 1,365,642 | (617) |
| 10 Year U.S. Treasury Note Futures | Long | 2,659 | March 2020 | 265,900 | 343,967 | (699) |
| 20 Year U.S. Treasury Bond Futures | Long | 988 | March 2020 | 98,800 | 157,061 | (249) |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 106 | March 2020 | 10,600 | 19,898 | 87 |
| $(1,531) |
Swap contracts
Interest rate swaps
| Receive | Pay | Expiration date | Notional (000) | Value at 11/30/2019 (000) | Upfront payments/ receipts (000) | Unrealized (depreciation) appreciation at 11/30/2019 (000) |
| 1.553% | U.S. EFFR | 1/29/2020 | $2,115,100 | $(36) | $— | $(36) |
| 1.5365% | U.S. EFFR | 1/29/2020 | 1,677,800 | (66) | — | (66) |
| 1.535% | U.S. EFFR | 1/29/2020 | 1,760,100 | (73) | — | (73) |
| 1.531% | U.S. EFFR | 3/18/2020 | 2,005,700 | (11) | — | (11) |
| 1.515% | U.S. EFFR | 3/18/2020 | 1,816,000 | (50) | — | (50) |
| 1.5155% | U.S. EFFR | 3/18/2020 | 3,839,500 | (102) | — | (102) |
| 1.5135% | U.S. EFFR | 3/18/2020 | 3,838,800 | (112) | — | (112) |
| 3-month USD-LIBOR | 2.806% | 8/29/2020 | 80,500 | (594) | — | (594) |
| 1.34% | U.S. EFFR | 10/18/2021 | 437,000 | (222) | — | (222) |
| 1.3615% | U.S. EFFR | 11/1/2021 | 836,500 | 28 | — | 28 |
| 1.281% | U.S. EFFR | 11/4/2021 | 837,500 | (1,256) | — | (1,256) |
| U.S. EFFR | 1.335% | 11/26/2021 | 633,000 | 262 | — | 262 |
| 3-month USD-LIBOR | 1.785% | 3/27/2022 | 35,000 | (141) | — | (141) |
| 2.009% | 3-month USD-LIBOR | 10/4/2022 | 102,000 | 1,178 | — | 1,178 |
| 2.1045% | 3-month USD-LIBOR | 10/31/2022 | 125,000 | 1,843 | — | 1,843 |
| 3-month USD-LIBOR | 2.2835% | 1/5/2023 | 228,000 | (4,782) | — | (4,782) |
| 2.21875% | U.S. EFFR | 3/14/2024 | 155,000 | 5,554 | — | 5,554 |
| 3-month USD-LIBOR | 2.322% | 5/2/2024 | 181,900 | (5,740) | — | (5,740) |
| 3-month USD-LIBOR | 2.325% | 5/2/2024 | 418,100 | (13,247) | — | (13,247) |
| 3-month USD-LIBOR | 1.547% | 10/25/2024 | 252,000 | 536 | — | 536 |
| 3-month USD-LIBOR | 1.548% | 10/28/2024 | 42,000 | 87 | — | 87 |
| 3-month USD-LIBOR | 2.05% | 7/18/2029 | 118,000 | (3,762) | — | (3,762) |
| U.S. EFFR | 1.4869% | 10/23/2029 | 67,000 | (166) | — | (166) |
| U.S. EFFR | 1.485% | 10/23/2029 | 73,400 | (169) | — | (169) |
American Funds Mortgage Fund — Page 8 of 12
unaudited
Swap contracts (continued)
Interest rate swaps (continued)
| Receive | Pay | Expiration date | Notional (000) | Value at 11/30/2019 (000) | Upfront payments/ receipts (000) | Unrealized (depreciation) appreciation at 11/30/2019 (000) |
| U.S. EFFR | 1.4495% | 10/24/2029 | $63,000 | $64 | $— | $64 |
| U.S. EFFR | 1.453% | 10/24/2029 | 85,100 | 58 | — | 58 |
| U.S. EFFR | 1.446% | 10/24/2029 | 8,200 | 11 | — | 11 |
| U.S. EFFR | 1.4741% | 10/24/2029 | 85,300 | (109) | — | (109) |
| 1.419% | U.S. EFFR | 11/26/2029 | 134,000 | (546) | — | (546) |
| 3-month USD-LIBOR | 3.238% | 8/8/2044 | 6,000 | (1,672) | — | (1,672) |
| 3-month USD-LIBOR | 2.4945% | 1/9/2045 | 7,000 | (900) | — | (900) |
| 3-month USD-LIBOR | 2.454% | 1/15/2045 | 7,000 | (842) | — | (842) |
| 3-month USD-LIBOR | 2.454% | 1/15/2045 | 7,000 | (842) | — | (842) |
| 3-month USD-LIBOR | 2.525% | 10/20/2045 | 10,000 | (1,381) | — | (1,381) |
| 3-month USD-LIBOR | 2.516% | 10/20/2045 | 15,000 | (2,043) | — | (2,043) |
| 3-month USD-LIBOR | 2.5315% | 10/26/2045 | 16,000 | (2,234) | — | (2,234) |
| 3-month USD-LIBOR | 2.57067% | 11/9/2045 | 6,600 | (977) | — | (977) |
| 3-month USD-LIBOR | 2.6485% | 11/16/2045 | 6,525 | (1,075) | — | (1,075) |
| 3-month USD-LIBOR | 2.52822% | 11/23/2045 | 13,350 | (1,859) | — | (1,859) |
| 3-month USD-LIBOR | 2.59125% | 12/16/2045 | 13,500 | (2,064) | — | (2,064) |
| 3-month USD-LIBOR | 2.4095% | 1/14/2046 | 10,000 | (1,144) | — | (1,144) |
| 3-month USD-LIBOR | 2.4095% | 1/14/2046 | 10,000 | (1,144) | — | (1,144) |
| 3-month USD-LIBOR | 1.9905% | 6/13/2046 | 4,000 | (101) | — | (101) |
| 3-month USD-LIBOR | 1.991% | 6/13/2046 | 6,000 | (153) | — | (153) |
| 3-month USD-LIBOR | 1.7985% | 6/30/2046 | 12,000 | 194 | — | 194 |
| U.S. EFFR | 2.5635% | 2/12/2048 | 45,279 | (9,636) | — | (9,636) |
| 2.98% | 3-month USD-LIBOR | 3/15/2048 | 2,800 | 703 | — | 703 |
| 2.9625% | 3-month USD-LIBOR | 3/15/2048 | 2,800 | 692 | — | 692 |
| U.S. EFFR | 2.4615% | 3/15/2048 | 2,800 | (531) | — | (531) |
| U.S. EFFR | 2.485% | 3/15/2048 | 2,800 | (546) | — | (546) |
| 2.917% | 3-month USD-LIBOR | 3/16/2048 | 5,600 | 1,327 | — | 1,327 |
| U.S. EFFR | 2.425% | 3/16/2048 | 5,600 | (1,016) | — | (1,016) |
| $— | $(48,807) |
The following footnotes apply to either the individual securities noted or one or more of the securities aggregated and listed as a single line item.
| 1 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
| 2 | Coupon rate may change periodically. |
| 3 | Step bond; coupon rate may change at a later date. |
| 4 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of the security was $222,404,000, which represented 3.18% of the net assets of the fund. |
| 5 | Purchased on a TBA basis. |
| 6 | Acquired in a transaction exempt from registration under Rule 144A or Section 4(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 $599,017,000, which represented 8.58% of the net assets of the fund. |
| 7 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $64,964,000, which represented .93% of the net assets of the fund. |
| 8 | Index-linked bond whose principal amount moves with a government price index. |
| 9 | Notional amount is calculated based on the number of contracts and notional contract size. |
| 10 | Value is calculated based on the notional amount and current market price. |
American Funds Mortgage Fund — Page 9 of 12
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.
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 prices obtained from one or more 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”) |
| 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 |
| Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held was $3,148,325,000. Interest rate swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency. The average month-end notional amount of interest rate swaps while held was $7,130,404,000.
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 authority of the fund’s 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; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; 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 and 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 delegated authority to 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 “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews
American Funds Mortgage Fund — Page 10 of 12
unaudited
changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any 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.
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
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 following tables present the fund’s valuation levels as of November 30, 2019 (dollars in thousands):
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Bonds, notes & other debt instruments: | ||||
| Mortgage-backed obligations | $— | $4,570,255 | $— | $4,570,255 |
| U.S. Treasury bonds & notes | — | 1,353,736 | — | 1,353,736 |
| Asset-backed obligations | — | 37,541 | — | 37,541 |
| Short-term securities | — | 2,442,210 | — | 2,442,210 |
| Total | $— | $8,403,742 | $— | $8,403,742 |
| Other investments* | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Unrealized appreciation on futures contracts | $87 | $— | $— | $87 |
| Unrealized appreciation on interest rate swaps | — | 12,537 | — | 12,537 |
| Liabilities: | ||||
| Unrealized depreciation on futures contracts | (1,618) | — | — | (1,618) |
| Unrealized depreciation on interest rate swaps | — | (61,344) | — | (61,344) |
| Total | $(1,531) | $(48,807) | $— | $(50,338) |
| * | Futures contracts and interest rate swaps are not included in the investment portfolio. |
| Key to abbreviations and symbol |
| CLO = Collateralized Loan Obligations |
| EFFR = Effective Federal Funds Rate |
| LIBOR = London Interbank Offered Rate |
| TBA = To-be-announced |
| USD/$ = U.S. dollars |
American Funds Mortgage Fund — Page 11 of 12
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2020 Capital Group. All rights reserved.
| MFGEFPX-042-0120O-S73200 | American Funds Mortgage Fund — Page 12 of 12 |