American Funds Mortgage F1 (MFAEX)
American Funds Mortgage F1 operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $8.68, up 0.12% on the session, giving a market capitalisation of $13.13B. Its beta of 1.09 implies it has historically moved more than the broad market.
This fund typically allocates at least 80% of its total assets to investments connected to mortgages. These include debt instruments collateralized by mortgage loans and contracts for their future delivery, such as "to be announced" (TBA) contracts and mortgage dollar rolls. The portfolio's main emphasis is on mortgage-related securities either sponsored or guaranteed by the U.S. government. This encompasses securities issued by government-sponsored enterprises (GSEs), even those not explicitly backed by the full faith and credit of the U.S. government, as well as mortgage securities from private issuers.
American Funds Mortgage F1 is most often compared with the following Financial Services names: