American Funds Mortgage Fund®
Investment portfolio
November 30, 2024
unaudited
 
Bonds, notes & other debt instruments 94.80%
Mortgage-backed obligations 84.18%
Federal agency mortgage-backed obligations 82.23%
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #745316 6.50% 2/1/20261
USD2
$2
Fannie Mae Pool #256310 6.50% 7/1/20261
1
1
Fannie Mae Pool #928689 6.50% 9/1/20271
3
3
Fannie Mae Pool #AD0838 6.50% 10/1/20271
1
1
Fannie Mae Pool #928957 6.50% 12/1/20271
2
2
Fannie Mae Pool #AL9724 6.50% 2/1/20281
2
2
Fannie Mae Pool #AY1948 3.50% 1/1/20301
34
33
Fannie Mae Pool #AZ0554 3.50% 10/1/20301
46
44
Fannie Mae Pool #613025 6.50% 7/1/20311
5
5
Fannie Mae Pool #BJ4876 3.00% 2/1/20331
257
245
Fannie Mae Pool #BJ4856 3.00% 2/1/20331
82
79
Fannie Mae Pool #BM3919 3.00% 2/1/20331
6
6
Fannie Mae Pool #695412 5.00% 6/1/20331
2
2
Fannie Mae Pool #CA2106 3.50% 7/1/20331
8
8
Fannie Mae Pool #MA1640 2.50% 9/1/20331
608
566
Fannie Mae Pool #AU7556 3.00% 9/1/20331
274
256
Fannie Mae Pool #BJ9000 3.50% 11/1/20331
81
78
Fannie Mae Pool #BO6247 2.50% 12/1/20341
3,731
3,470
Fannie Mae Pool #FM2499 2.50% 2/1/20351
7,307
6,804
Fannie Mae Pool #745001 6.50% 9/1/20351
15
15
Fannie Mae Pool #AD3566 5.00% 10/1/20351
10
11
Fannie Mae Pool #AS7224 4.00% 5/1/20361
1,199
1,171
Fannie Mae Pool #MA2630 4.00% 5/1/20361
222
217
Fannie Mae Pool #MA2717 4.00% 8/1/20361
1,044
1,020
Fannie Mae Pool #MA2746 4.00% 9/1/20361
1,939
1,893
Fannie Mae Pool #MA2787 4.00% 10/1/20361
494
482
Fannie Mae Pool #MA2819 4.00% 11/1/20361
913
892
Fannie Mae Pool #801783 6.50% 2/1/20371
5
5
Fannie Mae Pool #MA3099 4.00% 8/1/20371
1,414
1,380
Fannie Mae Pool #MA3186 4.00% 11/1/20371
2,851
2,768
Fannie Mae Pool #931768 5.00% 8/1/20391
16
16
Fannie Mae Pool #AC0794 5.00% 10/1/20391
69
70
Fannie Mae Pool #AD1823 5.00% 2/1/20401
394
387
Fannie Mae Pool #932606 5.00% 2/1/20401
25
25
Fannie Mae Pool #BQ7816 1.50% 4/1/20411
18,917
15,544
Fannie Mae Pool #BR0986 1.50% 5/1/20411
24,975
20,549
Fannie Mae Pool #AE1248 5.00% 6/1/20411
114
115
Fannie Mae Pool #MA4387 2.00% 7/1/20411
316
270
Fannie Mae Pool #MA4388 2.50% 7/1/20411
6,439
5,611
Fannie Mae Pool #MA4447 2.50% 10/1/20411
13,417
11,745
Fannie Mae Pool #FM9117 2.50% 10/1/20411
7,176
6,299
Fannie Mae Pool #AJ1873 4.00% 10/1/20411
154
148
Fannie Mae Pool #AE1277 5.00% 11/1/20411
47
48
Fannie Mae Pool #MA4502 2.50% 12/1/20411
15,063
13,222
Fannie Mae Pool #AE1283 5.00% 12/1/20411
30
30
American Funds Mortgage Fund — Page 1 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #MA4521 2.50% 1/1/20421
USD19,014
$16,603
Fannie Mae Pool #MA4540 2.00% 2/1/20421
6,864
5,820
Fannie Mae Pool #AE1290 5.00% 2/1/20421
62
63
Fannie Mae Pool #MA4570 2.00% 3/1/20421
8,657
7,337
Fannie Mae Pool #MA4586 2.00% 4/1/20421
2,390
2,030
Fannie Mae Pool #AR1512 3.50% 1/1/20431
125
116
Fannie Mae Pool #AT0412 3.50% 3/1/20431
57
53
Fannie Mae Pool #AT0300 3.50% 3/1/20431
33
31
Fannie Mae Pool #AT7457 3.025% 4/1/20431
164
149
Fannie Mae Pool #AT3954 3.50% 4/1/20431
46
43
Fannie Mae Pool #AT7470 2.275% 5/1/20431
100
84
Fannie Mae Pool #AU0626 2.275% 6/1/20431
154
131
Fannie Mae Pool #AT5898 3.00% 6/1/20431
2,822
2,553
Fannie Mae Pool #AL3829 3.50% 6/1/20431
1,090
1,020
Fannie Mae Pool #AT7161 3.50% 6/1/20431
338
315
Fannie Mae Pool #AU8120 2.275% 7/1/20431
68
57
Fannie Mae Pool #AU8121 2.275% 8/1/20431
84
72
Fannie Mae Pool #MA1583 4.00% 9/1/20431
1,773
1,701
Fannie Mae Pool #AX8521 3.50% 12/1/20441
78
73
Fannie Mae Pool #AY1829 3.50% 12/1/20441
54
50
Fannie Mae Pool #BE5009 3.50% 1/1/20451
335
311
Fannie Mae Pool #BE5017 3.50% 2/1/20451
643
594
Fannie Mae Pool #FM9416 3.50% 7/1/20451
1,518
1,407
Fannie Mae Pool #AS8310 3.00% 11/1/20461
695
624
Fannie Mae Pool #BD2440 3.50% 1/1/20471
313
288
Fannie Mae Pool #FS3767 2.00% 4/1/20471
6,860
5,615
Fannie Mae Pool #BM1179 3.00% 4/1/20471
851
764
Fannie Mae Pool #MA3002 4.50% 4/1/20471
614
580
Fannie Mae Pool #BE8740 3.50% 5/1/20471
530
489
Fannie Mae Pool #BE8742 3.50% 5/1/20471
73
67
Fannie Mae Pool #BH2846 3.50% 5/1/20471
37
34
Fannie Mae Pool #BH2848 3.50% 5/1/20471
35
32
Fannie Mae Pool #BH2847 3.50% 5/1/20471
19
17
Fannie Mae Pool #BH3122 4.00% 6/1/20471
38
36
Fannie Mae Pool #BH4101 3.50% 10/1/20471
12,793
11,797
Fannie Mae Pool #BJ5015 4.00% 12/1/20471
830
791
Fannie Mae Pool #BM2006 4.00% 1/1/20481
14
14
Fannie Mae Pool #BJ4901 3.50% 3/1/20481
398
367
Fannie Mae Pool #BK5232 4.00% 5/1/20481
524
499
Fannie Mae Pool #BK6840 4.00% 6/1/20481
716
682
Fannie Mae Pool #BK9743 4.00% 8/1/20481
190
180
Fannie Mae Pool #BK9761 4.50% 8/1/20481
81
79
Fannie Mae Pool #CA2850 4.00% 12/1/20481
1,208
1,155
Fannie Mae Pool #BF0320 5.50% 1/1/20491
1,779
1,826
Fannie Mae Pool #FM3280 3.50% 5/1/20491
398
368
Fannie Mae Pool #FM1062 3.50% 6/1/20491
4,105
3,787
Fannie Mae Pool #BN6708 3.50% 6/1/20491
1,105
1,019
Fannie Mae Pool #BJ8411 3.50% 8/1/20491
1,062
979
Fannie Mae Pool #CA4151 3.50% 9/1/20491
5,367
4,957
Fannie Mae Pool #FM1443 3.50% 9/1/20491
2,948
2,718
Fannie Mae Pool #CA5968 2.50% 6/1/20501
1,334
1,139
Fannie Mae Pool #BP5576 2.50% 6/1/20501
398
334
Fannie Mae Pool #FS3745 2.00% 8/1/20501
8,753
7,084
Fannie Mae Pool #CA6593 2.50% 8/1/20501
3,982
3,396
American Funds Mortgage Fund — Page 2 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #BP6715 2.00% 9/1/20501
USD1
$1
Fannie Mae Pool #FP0015 2.50% 9/1/20501
5
4
Fannie Mae Pool #CA7052 3.00% 9/1/20501
505
448
Fannie Mae Pool #FM4591 2.50% 10/1/20501
16,388
13,758
Fannie Mae Pool #CA7737 2.50% 11/1/20501
39,412
33,500
Fannie Mae Pool #BQ7564 2.50% 11/1/20501
61
51
Fannie Mae Pool #CA8108 2.00% 12/1/20501
13,929
11,314
Fannie Mae Pool #MA4208 2.00% 12/1/20501
914
739
Fannie Mae Pool #CA8044 2.50% 12/1/20501
28,300
23,968
Fannie Mae Pool #MA4237 2.00% 1/1/20511
805
647
Fannie Mae Pool #CA8862 2.50% 1/1/20511
31,836
27,190
Fannie Mae Pool #CA8820 2.00% 2/1/20511
28,307
22,994
Fannie Mae Pool #FM6112 2.50% 2/1/20511
29,478
24,965
Fannie Mae Pool #CA8828 2.50% 2/1/20511
27,047
23,062
Fannie Mae Pool #CB0290 2.00% 4/1/20511
6,108
4,934
Fannie Mae Pool #MA4305 2.00% 4/1/20511
43
35
Fannie Mae Pool #BR8460 2.50% 4/1/20511
408
342
Fannie Mae Pool #CB0041 3.00% 4/1/20511
5,294
4,709
Fannie Mae Pool #BR1035 2.00% 5/1/20511
26
21
Fannie Mae Pool #FM7304 2.50% 5/1/20511
4,857
4,070
Fannie Mae Pool #CB0457 2.50% 5/1/20511
4,785
4,053
Fannie Mae Pool #CB0737 3.00% 6/1/20511
7,588
6,689
Fannie Mae Pool #CB0850 3.00% 6/1/20511
4,813
4,240
Fannie Mae Pool #FS3744 2.00% 7/1/20511
25,781
20,854
Fannie Mae Pool #FM7900 2.50% 7/1/20511
2,084
1,773
Fannie Mae Pool #FM9330 3.00% 7/1/20511
30,458
26,877
Fannie Mae Pool #CB1394 2.50% 8/1/20511
411
345
Fannie Mae Pool #CB1527 2.50% 9/1/20511
35,990
30,458
Fannie Mae Pool #FM8981 3.00% 10/1/20511
29,199
25,739
Fannie Mae Pool #FS4628 3.00% 10/1/20511
7,462
6,574
Fannie Mae Pool #MA4465 2.00% 11/1/20511
2,920
2,354
Fannie Mae Pool #FS0965 2.00% 11/1/20511
202
164
Fannie Mae Pool #FM9492 2.50% 11/1/20511
10,955
9,317
Fannie Mae Pool #FM9694 2.50% 11/1/20511
5,148
4,404
Fannie Mae Pool #FS0433 2.50% 12/1/20511
31,017
26,711
Fannie Mae Pool #FM9804 2.50% 12/1/20511
5,635
4,812
Fannie Mae Pool #CB2286 2.50% 12/1/20511
5,567
4,721
Fannie Mae Pool #FM9976 3.00% 12/1/20511
7,694
6,863
Fannie Mae Pool #FS4203 2.50% 1/1/20521
10,406
8,720
Fannie Mae Pool #FS6479 2.50% 1/1/20521
180
151
Fannie Mae Pool #CB2544 3.00% 1/1/20521
16,170
14,256
Fannie Mae Pool #BV3080 2.00% 2/1/20521
33,054
26,555
Fannie Mae Pool #BV3076 2.00% 2/1/20521
9,964
8,006
Fannie Mae Pool #CB2765 2.00% 2/1/20521
8,267
6,685
Fannie Mae Pool #MA4547 2.00% 2/1/20521
2,154
1,732
Fannie Mae Pool #FS0834 2.50% 2/1/20521
16,628
13,932
Fannie Mae Pool #CB2870 2.50% 2/1/20521
454
383
Fannie Mae Pool #FS0647 3.00% 2/1/20521
1,392
1,236
Fannie Mae Pool #BV3101 2.00% 3/1/20521
1,762
1,419
Fannie Mae Pool #MA4562 2.00% 3/1/20521
866
695
Fannie Mae Pool #FS1742 2.00% 3/1/20521
852
686
Fannie Mae Pool #BU8882 4.00% 3/1/20521
5,420
5,080
Fannie Mae Pool #MA4577 2.00% 4/1/20521
24,721
19,860
Fannie Mae Pool #FS9189 2.00% 5/1/20521
4,847
3,905
American Funds Mortgage Fund — Page 3 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #MA4626 4.00% 6/1/20521
USD28,039
$26,269
Fannie Mae Pool #CB4119 4.00% 7/1/20521
81,053
75,971
Fannie Mae Pool #MA4711 5.50% 7/1/20521
418
419
Fannie Mae Pool #CB4418 5.50% 8/1/20521
442
442
Fannie Mae Pool #BW9206 5.50% 8/1/20521
152
156
Fannie Mae Pool #CB4620 5.00% 9/1/20521
10,386
10,266
Fannie Mae Pool #FS3056 2.00% 10/1/20521
4,834
3,878
Fannie Mae Pool #CB4852 4.50% 10/1/20521
21,277
20,471
Fannie Mae Pool #MA4785 5.00% 10/1/20521
3,959
3,898
Fannie Mae Pool #BW1289 5.50% 10/1/20521
3,376
3,382
Fannie Mae Pool #BW1243 5.50% 10/1/20521
2,999
3,005
Fannie Mae Pool #BX1223 5.50% 10/1/20521
430
432
Fannie Mae Pool #BX1488 5.50% 10/1/20521
382
388
Fannie Mae Pool #CB5020 5.50% 10/1/20521
66
66
Fannie Mae Pool #FS3256 6.00% 11/1/20521
78
79
Fannie Mae Pool #MA4842 5.50% 12/1/20521
4,545
4,553
Fannie Mae Pool #BX5662 4.00% 1/1/20531
724
678
Fannie Mae Pool #FS5520 4.50% 1/1/20531
16,033
15,406
Fannie Mae Pool #MA4894 6.00% 1/1/20531
48,696
49,325
Fannie Mae Pool #BX5931 6.00% 1/1/20531
3,954
4,004
Fannie Mae Pool #CB5545 6.50% 1/1/20531
4,936
5,086
Fannie Mae Pool #MA4919 5.50% 2/1/20531
9,435
9,447
Fannie Mae Pool #BX4108 5.50% 2/1/20531
742
743
Fannie Mae Pool #BX5097 5.50% 2/1/20531
662
662
Fannie Mae Pool #FS3759 6.00% 2/1/20531
9,646
9,912
Fannie Mae Pool #MA4920 6.00% 2/1/20531
1,651
1,674
Fannie Mae Pool #FS4191 5.50% 3/1/20531
1,886
1,898
Fannie Mae Pool #BX8835 5.50% 3/1/20531
880
881
Fannie Mae Pool #BX7779 5.50% 3/1/20531
833
836
Fannie Mae Pool #BX8514 5.50% 3/1/20531
721
723
Fannie Mae Pool #BX8389 5.50% 3/1/20531
723
723
Fannie Mae Pool #BX9427 5.50% 3/1/20531
251
253
Fannie Mae Pool #MA4941 5.50% 3/1/20531
43
43
Fannie Mae Pool #CB5912 6.00% 3/1/20531
8,049
8,155
Fannie Mae Pool #MA4942 6.00% 3/1/20531
830
841
Fannie Mae Pool #BX8781 6.00% 3/1/20531
376
381
Fannie Mae Pool #BY2249 4.00% 4/1/20531
709
664
Fannie Mae Pool #MA4993 4.00% 4/1/20531
604
565
Fannie Mae Pool #BX9358 4.00% 4/1/20531
184
172
Fannie Mae Pool #MA4978 5.00% 4/1/20531
27,338
26,899
Fannie Mae Pool #BX9041 5.00% 4/1/20531
94
93
Fannie Mae Pool #MA4979 5.50% 4/1/20531
17,615
17,612
Fannie Mae Pool #BY2795 5.50% 4/1/20531
564
565
Fannie Mae Pool #MA4980 6.00% 4/1/20531
21,831
22,100
Fannie Mae Pool #BX8415 6.00% 4/1/20531
195
198
Fannie Mae Pool #BW5278 6.00% 4/1/20531
142
144
Fannie Mae Pool #CB6131 6.50% 4/1/20531
18,304
18,988
Fannie Mae Pool #CB6106 6.50% 4/1/20531
5,454
5,656
Fannie Mae Pool #FS5335 4.00% 5/1/20531
298
279
Fannie Mae Pool #MA5027 4.00% 5/1/20531
169
158
Fannie Mae Pool #CB6303 4.50% 5/1/20531
113,634
109,282
Fannie Mae Pool #MA5008 4.50% 5/1/20531
3,930
3,778
Fannie Mae Pool #MA5009 5.00% 5/1/20531
249,360
245,083
Fannie Mae Pool #FS4563 5.00% 5/1/20531
4,345
4,278
American Funds Mortgage Fund — Page 4 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #MA5010 5.50% 5/1/20531
USD5,994
$5,994
Fannie Mae Pool #FS4840 5.50% 5/1/20531
359
359
Fannie Mae Pool #BY0849 5.50% 5/1/20531
38
38
Fannie Mae Pool #MA5011 6.00% 5/1/20531
32,960
33,366
Fannie Mae Pool #FS4736 6.50% 5/1/20531
266
273
Fannie Mae Pool #FS6793 4.00% 6/1/20531
3,111
2,912
Fannie Mae Pool #CB6471 4.50% 6/1/20531
3,096
2,977
Fannie Mae Pool #MA5038 5.00% 6/1/20531
45,334
44,548
Fannie Mae Pool #MA5039 5.50% 6/1/20531
43,727
43,723
Fannie Mae Pool #FS5192 5.50% 6/1/20531
5,301
5,308
Fannie Mae Pool #BY3521 5.50% 6/1/20531
891
891
Fannie Mae Pool #MA5040 6.00% 6/1/20531
64,735
65,651
Fannie Mae Pool #CB6485 6.00% 6/1/20531
13,661
13,843
Fannie Mae Pool #FS4932 6.00% 6/1/20531
9,423
9,546
Fannie Mae Pool #CB6486 6.00% 6/1/20531
8,290
8,427
Fannie Mae Pool #CB6465 6.00% 6/1/20531
6,303
6,386
Fannie Mae Pool #FS4775 6.00% 6/1/20531
92
94
Fannie Mae Pool #CB6491 6.50% 6/1/20531
5,523
5,709
Fannie Mae Pool #CB6490 6.50% 6/1/20531
1,992
2,048
Fannie Mae Pool #CB6468 6.50% 6/1/20531
1,432
1,470
Fannie Mae Pool #FS7823 2.00% 7/1/20531
4,355
3,504
Fannie Mae Pool #CB6713 4.00% 7/1/20531
609
570
Fannie Mae Pool #MA5070 4.50% 7/1/20531
54,127
52,033
Fannie Mae Pool #CB6719 4.50% 7/1/20531
6,736
6,475
Fannie Mae Pool #MA5071 5.00% 7/1/20531
3,703
3,640
Fannie Mae Pool #BY6763 5.00% 7/1/20531
575
565
Fannie Mae Pool #BU4112 5.00% 7/1/20531
95
93
Fannie Mae Pool #MA5072 5.50% 7/1/20531
39,655
39,672
Fannie Mae Pool #FS5343 6.00% 7/1/20531
43,619
44,277
Fannie Mae Pool #MA5073 6.00% 7/1/20531
182
185
Fannie Mae Pool #AS0745 3.50% 8/1/20531
439
392
Fannie Mae Pool #BX4568 4.00% 8/1/20531
856
802
Fannie Mae Pool #MA5127 4.00% 8/1/20531
311
291
Fannie Mae Pool #CB6853 4.50% 8/1/20531
10,497
10,090
Fannie Mae Pool #BY8293 6.00% 8/1/20531
3,541
3,591
Fannie Mae Pool #MA5135 4.00% 9/1/20531
256
239
Fannie Mae Pool #MA5136 4.50% 9/1/20531
49,800
47,852
Fannie Mae Pool #FS5769 6.00% 9/1/20531
15,889
16,085
Fannie Mae Pool #CB7122 6.00% 9/1/20531
4,429
4,484
Fannie Mae Pool #MA5139 6.00% 9/1/20531
830
840
Fannie Mae Pool #MA5177 4.00% 10/1/20531
1,942
1,818
Fannie Mae Pool #MA5166 6.00% 10/1/20531
23,346
23,643
Fannie Mae Pool #CB7242 6.50% 10/1/20531
3,931
4,049
Fannie Mae Pool #MA5167 6.50% 10/1/20531
1,379
1,414
Fannie Mae Pool #MA5207 4.00% 11/1/20531
11,390
10,660
Fannie Mae Pool #MA5190 5.50% 11/1/20531
18,408
18,404
Fannie Mae Pool #FS6838 5.50% 11/1/20531
1,042
1,041
Fannie Mae Pool #MA5191 6.00% 11/1/20531
11,907
12,059
Fannie Mae Pool #CB7438 6.00% 11/1/20531
4,842
4,907
Fannie Mae Pool #CB7480 6.00% 11/1/20531
3,391
3,437
Fannie Mae Pool #CB7510 6.50% 11/1/20531
31,551
32,558
Fannie Mae Pool #CB7426 6.50% 11/1/20531
6,063
6,241
Fannie Mae Pool #MA5236 4.00% 12/1/20531
3,000
2,807
Fannie Mae Pool #MA5215 5.50% 12/1/20531
6,193
6,191
American Funds Mortgage Fund — Page 5 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #CB7617 6.00% 12/1/20531
USD32,050
$32,479
Fannie Mae Pool #MA5216 6.00% 12/1/20531
8,479
8,586
Fannie Mae Pool #CB7626 6.50% 12/1/20531
6,601
6,811
Fannie Mae Pool #FS6880 6.00% 1/1/20541
11,449
11,622
Fannie Mae Pool #CB7862 6.00% 1/1/20541
4,407
4,467
Fannie Mae Pool #FS6873 6.50% 1/1/20541
28,821
29,595
Fannie Mae Pool #FS6767 6.50% 1/1/20541
13,316
13,719
Fannie Mae Pool #FS6763 6.50% 1/1/20541
3,658
3,777
Fannie Mae Pool #FS9507 4.50% 2/1/20541
28,800
27,677
Fannie Mae Pool #MA5270 5.00% 2/1/20541
665
653
Fannie Mae Pool #FS6809 5.50% 2/1/20541
534
534
Fannie Mae Pool #CB7932 6.00% 2/1/20541
54,849
55,576
Fannie Mae Pool #FS7031 6.00% 2/1/20541
7,497
7,592
Fannie Mae Pool #CB7933 6.50% 2/1/20541
24,456
25,121
Fannie Mae Pool #CB7917 6.50% 2/1/20541
12,068
12,398
Fannie Mae Pool #FS7162 6.50% 2/1/20541
5,339
5,510
Fannie Mae Pool #MA5320 4.00% 3/1/20541
17,961
16,810
Fannie Mae Pool #CB8143 5.50% 3/1/20541
27,222
27,340
Fannie Mae Pool #CB8147 5.50% 3/1/20541
23,435
23,523
Fannie Mae Pool #MA5296 5.50% 3/1/20541
14,596
14,588
Fannie Mae Pool #CB8148 5.50% 3/1/20541
11,702
11,762
Fannie Mae Pool #CB8163 6.00% 3/1/20541
14,646
14,935
Fannie Mae Pool #CB8168 6.00% 3/1/20541
10,137
10,290
Fannie Mae Pool #CB8153 6.00% 3/1/20541
3,593
3,663
Fannie Mae Pool #FS7653 6.50% 3/1/20541
4,047
4,176
Fannie Mae Pool #CB8337 5.50% 4/1/20541
30,350
30,390
Fannie Mae Pool #CB8328 5.50% 4/1/20541
25,520
25,634
Fannie Mae Pool #MA5329 6.50% 4/1/20541
11,690
11,976
Fannie Mae Pool #CB8387 6.50% 4/1/20541
1,541
1,591
Fannie Mae Pool #MA5378 4.00% 5/1/20541
2,000
1,871
Fannie Mae Pool #DB3607 4.00% 5/1/20541
245
229
Fannie Mae Pool #DB2495 6.00% 5/1/20541
2,430
2,460
Fannie Mae Pool #MA5355 6.50% 5/1/20541
3,867
3,962
Fannie Mae Pool #FS8131 5.50% 6/1/20541
1,137
1,142
Fannie Mae Pool #FS8153 6.00% 6/1/20541
24,933
25,467
Fannie Mae Pool #CB8755 6.00% 6/1/20541
7,017
7,145
Fannie Mae Pool #DB6878 6.00% 6/1/20541
3,496
3,538
Fannie Mae Pool #FS8223 6.00% 6/1/20541
1,973
2,003
Fannie Mae Pool #FS8219 6.00% 6/1/20541
1,768
1,803
Fannie Mae Pool #CB8725 6.50% 6/1/20541
29,106
30,077
Fannie Mae Pool #FS8229 6.50% 6/1/20541
10,769
11,126
Fannie Mae Pool #DB5480 6.50% 6/1/20541
68
70
Fannie Mae Pool #BU4699 5.50% 7/1/20541
4,693
4,704
Fannie Mae Pool #DB5213 5.50% 7/1/20541
2,954
2,953
Fannie Mae Pool #CB8842 5.50% 7/1/20541
1,114
1,117
Fannie Mae Pool #FS8400 6.00% 7/1/20541
37,024
37,742
Fannie Mae Pool #MA5421 6.00% 7/1/20541
16,952
17,158
Fannie Mae Pool #CB8858 6.00% 7/1/20541
13,303
13,546
Fannie Mae Pool #BU4700 6.00% 7/1/20541
12,846
13,081
Fannie Mae Pool #CB8855 6.00% 7/1/20541
12,433
12,676
Fannie Mae Pool #DB5214 6.00% 7/1/20541
6,861
6,944
Fannie Mae Pool #FS8318 6.00% 7/1/20541
6,213
6,333
Fannie Mae Pool #FS8591 6.00% 7/1/20541
5,040
5,137
Fannie Mae Pool #BU4707 6.00% 7/1/20541
2,436
2,465
American Funds Mortgage Fund — Page 6 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #DB6901 6.00% 7/1/20541
USD2,195
$2,222
Fannie Mae Pool #DB7039 6.00% 7/1/20541
1,495
1,521
Fannie Mae Pool #CB8872 6.50% 7/1/20541
44,389
45,870
Fannie Mae Pool #FS8619 6.50% 7/1/20541
24,845
25,638
Fannie Mae Pool #CB8876 6.50% 7/1/20541
13,258
13,633
Fannie Mae Pool #FS8607 6.50% 7/1/20541
12,725
13,130
Fannie Mae Pool #MA5422 6.50% 7/1/20541
8,613
8,822
Fannie Mae Pool #FS8317 6.50% 7/1/20541
7,585
7,826
Fannie Mae Pool #DB6906 6.50% 7/1/20541
4,961
5,081
Fannie Mae Pool #MA5441 4.00% 8/1/20541
5,000
4,679
Fannie Mae Pool #CB8977 5.00% 8/1/20541
258
254
Fannie Mae Pool #MA5445 6.00% 8/1/20541
7,663
7,756
Fannie Mae Pool #FS8757 6.00% 8/1/20541
5,468
5,573
Fannie Mae Pool #DC0299 6.00% 8/1/20541
2,969
3,006
Fannie Mae Pool #DB7692 6.00% 8/1/20541
2,951
2,988
Fannie Mae Pool #BU4916 6.00% 8/1/20541
2,822
2,864
Fannie Mae Pool #FS8756 6.00% 8/1/20541
2,187
2,230
Fannie Mae Pool #FS8758 6.00% 8/1/20541
2,112
2,144
Fannie Mae Pool #DB7792 6.00% 8/1/20541
1,613
1,633
Fannie Mae Pool #BU4968 6.00% 8/1/20541
1,182
1,197
Fannie Mae Pool #DB7687 6.00% 8/1/20541
829
843
Fannie Mae Pool #DB7690 6.00% 8/1/20541
618
628
Fannie Mae Pool #DC0296 6.00% 8/1/20541
573
582
Fannie Mae Pool #MA5446 6.50% 8/1/20541
58,458
59,896
Fannie Mae Pool #CB9071 6.50% 8/1/20541
17,272
17,797
Fannie Mae Pool #FS8783 6.50% 8/1/20541
7,022
7,237
Fannie Mae Pool #FS8934 6.50% 8/1/20541
1,344
1,385
Fannie Mae Pool #MA5467 4.00% 9/1/20541
3,000
2,807
Fannie Mae Pool #CB9210 5.50% 9/1/20541
12,003
12,006
Fannie Mae Pool #FS9025 5.50% 9/1/20541
9,073
9,100
Fannie Mae Pool #FS9001 5.50% 9/1/20541
7,775
7,803
Fannie Mae Pool #CB9146 5.50% 9/1/20541
7,025
7,054
Fannie Mae Pool #BU4946 5.50% 9/1/20541
174
174
Fannie Mae Pool #FS8866 6.00% 9/1/20541
3,656
3,728
Fannie Mae Pool #CB9159 6.00% 9/1/20541
120
122
Fannie Mae Pool #DC1873 6.00% 9/1/20541
10
10
Fannie Mae Pool #BU5166 6.00% 10/1/20541
7,945
8,090
Fannie Mae Pool #BU5049 6.50% 10/1/20541
5,013
5,186
Fannie Mae Pool #DC6548 4.00% 11/1/20541
4,000
3,743
Fannie Mae Pool #MA5528 4.00% 11/1/20541
3,000
2,807
Fannie Mae Pool #DB8242 4.00% 11/1/20541
1,000
936
Fannie Mae Pool #DB2354 4.50% 11/1/20541
43,197
41,498
Fannie Mae Pool #MA5529 4.50% 11/1/20541
5,308
5,100
Fannie Mae Pool #BU5165 5.50% 11/1/20541
6,308
6,323
Fannie Mae Pool #CB9432 6.00% 11/1/20541
19,900
20,293
Fannie Mae Pool #MA5550 4.00% 12/1/20541
4,000
3,743
Fannie Mae Pool #BF0133 4.00% 8/1/20561
18,045
16,937
Fannie Mae Pool #BF0379 3.50% 4/1/20591
3,015
2,715
Fannie Mae Pool #BM6693 3.50% 8/1/20591
49,800
44,856
Fannie Mae Pool #BF0481 3.50% 6/1/20601
1,961
1,766
Fannie Mae Pool #BF0480 3.50% 6/1/20601
1,249
1,125
Fannie Mae Pool #BF0497 3.00% 7/1/20601
1,499
1,285
Fannie Mae Pool #BF0546 2.50% 7/1/20611
24,133
19,788
Fannie Mae Pool #BF0585 4.50% 12/1/20611
4,022
3,868
American Funds Mortgage Fund — Page 7 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Fannie Mae Pool #BF0762 3.00% 9/1/20631
USD18,987
$16,267
Fannie Mae Pool #BF0765 3.50% 9/1/20631
120,295
107,274
Fannie Mae Pool #BF0784 3.50% 12/1/20631
6,040
5,386
Fannie Mae Pool #BF0786 4.00% 12/1/20631
8,086
7,517
Freddie Mac Pool #ZA1944 6.50% 6/1/20261
2
2
Freddie Mac Pool #ZJ9210 6.50% 11/1/20271
1
1
Freddie Mac Pool #ZA2045 6.50% 1/1/20281
3
4
Freddie Mac Pool #ZA2066 6.50% 3/1/20281
8
8
Freddie Mac Pool #ZA2096 6.50% 11/1/20281
1
1
Freddie Mac Pool #ZS8675 2.50% 11/1/20321
6
5
Freddie Mac Pool #C91593 2.50% 12/1/20321
23
21
Freddie Mac Pool #ZS0839 6.50% 12/1/20321
5
5
Freddie Mac Pool #ZS8087 2.50% 4/1/20331
17
16
Freddie Mac Pool #C91720 2.50% 8/1/20331
44
41
Freddie Mac Pool #ZS8710 3.00% 8/1/20331
1
1
Freddie Mac Pool #SB8041 3.00% 4/1/20351
—
2
—
2
Freddie Mac Pool #ZS4189 6.50% 6/1/20351
1
1
Freddie Mac Pool #K93558 4.00% 5/1/20361
371
359
Freddie Mac Pool #C91877 4.00% 5/1/20361
260
254
Freddie Mac Pool #C91899 4.00% 9/1/20361
446
437
Freddie Mac Pool #G03699 6.00% 1/1/20381
45
47
Freddie Mac Pool #RB5113 1.50% 6/1/20411
120,922
99,356
Freddie Mac Pool #RB5115 2.50% 6/1/20411
24,398
21,417
Freddie Mac Pool #QK1181 2.00% 11/1/20411
1,889
1,602
Freddie Mac Pool #Q05343 4.00% 11/1/20411
239
230
Freddie Mac Pool #RB5138 2.00% 12/1/20411
25,029
21,227
Freddie Mac Pool #RB5145 2.00% 2/1/20421
7,638
6,441
Freddie Mac Pool #RB5148 2.00% 3/1/20421
85,611
72,541
Freddie Mac Pool #RB5153 2.00% 4/1/20421
2,326
1,970
Freddie Mac Pool #Q15874 4.00% 2/1/20431
24
23
Freddie Mac Pool #Q17696 3.50% 4/1/20431
130
122
Freddie Mac Pool #Q18236 3.50% 5/1/20431
374
350
Freddie Mac Pool #Q19133 3.50% 6/1/20431
150
139
Freddie Mac Pool #Q28558 3.50% 9/1/20441
1,305
1,212
Freddie Mac Pool #760014 3.404% 8/1/20451,3
825
811
Freddie Mac Pool #G60238 3.50% 10/1/20451
4,189
3,883
Freddie Mac Pool #Q40896 4.50% 4/1/20461
436
428
Freddie Mac Pool #G67700 3.50% 8/1/20461
1,556
1,442
Freddie Mac Pool #T65389 3.50% 9/1/20461
42
38
Freddie Mac Pool #Q45650 3.50% 1/1/20471
6,064
5,649
Freddie Mac Pool #Q47615 3.50% 4/1/20471
479
438
Freddie Mac Pool #T65448 4.00% 9/1/20471
655
610
Freddie Mac Pool #Q51622 3.50% 10/1/20471
541
495
Freddie Mac Pool #Q52069 3.50% 11/1/20471
709
654
Freddie Mac Pool #Q54709 3.50% 3/1/20481
517
477
Freddie Mac Pool #Q55056 3.50% 3/1/20481
504
466
Freddie Mac Pool #Q54701 3.50% 3/1/20481
476
439
Freddie Mac Pool #Q54700 3.50% 3/1/20481
395
365
Freddie Mac Pool #Q54782 3.50% 3/1/20481
269
249
Freddie Mac Pool #Q54781 3.50% 3/1/20481
181
167
Freddie Mac Pool #Q54831 3.50% 3/1/20481
134
124
Freddie Mac Pool #Q54699 3.50% 3/1/20481
109
101
Freddie Mac Pool #Q54698 3.50% 3/1/20481
64
59
Freddie Mac Pool #G67711 4.00% 3/1/20481
11,797
11,241
American Funds Mortgage Fund — Page 8 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #Q55060 3.50% 4/1/20481
USD72
$67
Freddie Mac Pool #Q55971 4.00% 5/1/20481
477
454
Freddie Mac Pool #Q56175 4.00% 5/1/20481
428
408
Freddie Mac Pool #Q55970 4.00% 5/1/20481
219
209
Freddie Mac Pool #Q56590 3.50% 6/1/20481
266
246
Freddie Mac Pool #Q56591 3.50% 6/1/20481
142
131
Freddie Mac Pool #Q56589 3.50% 6/1/20481
80
74
Freddie Mac Pool #Q56599 4.00% 6/1/20481
717
682
Freddie Mac Pool #Q57242 4.50% 7/1/20481
87
85
Freddie Mac Pool #Q58411 4.50% 9/1/20481
1,013
989
Freddie Mac Pool #Q58436 4.50% 9/1/20481
517
505
Freddie Mac Pool #Q58378 4.50% 9/1/20481
361
352
Freddie Mac Pool #QA0284 3.50% 6/1/20491
1,560
1,439
Freddie Mac Pool #SD7503 3.50% 8/1/20491
25,518
23,530
Freddie Mac Pool #QA2748 3.50% 9/1/20491
462
426
Freddie Mac Pool #RA1580 3.50% 10/1/20491
3,740
3,454
Freddie Mac Pool #RA1463 3.50% 10/1/20491
3,703
3,420
Freddie Mac Pool #SD0187 3.00% 1/1/20501
2,722
2,423
Freddie Mac Pool #RA1996 3.50% 1/1/20501
9,745
8,976
Freddie Mac Pool #SD7512 3.00% 2/1/20501
10,874
9,668
Freddie Mac Pool #RA3384 3.00% 8/1/20501
532
471
Freddie Mac Pool #SI2062 2.00% 9/1/20501
46,022
37,370
Freddie Mac Pool #SI2080 2.00% 10/1/20501
47,915
38,996
Freddie Mac Pool #SD8106 2.00% 11/1/20501
36,505
29,521
Freddie Mac Pool #RA4352 2.00% 1/1/20511
25,557
20,742
Freddie Mac Pool #SD8128 2.00% 2/1/20511
149
121
Freddie Mac Pool #SD8134 2.00% 3/1/20511
248
200
Freddie Mac Pool #RA5288 2.00% 5/1/20511
25,639
20,863
Freddie Mac Pool #RA5259 2.50% 5/1/20511
4,652
3,940
Freddie Mac Pool #SD7544 3.00% 7/1/20511
21,229
18,823
Freddie Mac Pool #SD7545 2.50% 9/1/20511
4,257
3,623
Freddie Mac Pool #QC7626 3.00% 9/1/20511
10,522
9,270
Freddie Mac Pool #SD2880 3.00% 10/1/20511
15,036
13,240
Freddie Mac Pool #RA6406 2.00% 11/1/20511
6,314
5,139
Freddie Mac Pool #SD7548 2.50% 11/1/20511
8,492
7,227
Freddie Mac Pool #SD1385 2.50% 11/1/20511
5,630
4,785
Freddie Mac Pool #SD8182 2.00% 12/1/20511
840
676
Freddie Mac Pool #QD2929 4.00% 12/1/20511
587
550
Freddie Mac Pool #RA6114 2.00% 2/1/20521
1,555
1,249
Freddie Mac Pool #QD6836 2.00% 2/1/20521
872
700
Freddie Mac Pool #RA6913 2.00% 2/1/20521
287
231
Freddie Mac Pool #SD0873 3.50% 2/1/20521
29,491
27,195
Freddie Mac Pool #QD7089 3.50% 2/1/20521
495
452
Freddie Mac Pool #SD5343 2.00% 3/1/20521
1,916
1,540
Freddie Mac Pool #QD8820 2.00% 3/1/20521
177
142
Freddie Mac Pool #SD7553 3.00% 3/1/20521
6,737
5,959
Freddie Mac Pool #SD8204 2.00% 4/1/20521
1,748
1,404
Freddie Mac Pool #SD8213 3.00% 5/1/20521
129,210
112,779
Freddie Mac Pool #SD6496 2.00% 6/1/20521
2,055
1,654
Freddie Mac Pool #SD8220 3.00% 6/1/20521
65,647
57,345
Freddie Mac Pool #RA7556 4.50% 6/1/20521
12,598
12,121
Freddie Mac Pool #SD8225 3.00% 7/1/20521
69,210
60,423
Freddie Mac Pool #SD7556 3.00% 8/1/20521
211
187
Freddie Mac Pool #QE7537 4.50% 8/1/20521
9,201
8,854
American Funds Mortgage Fund — Page 9 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #SD8242 3.00% 9/1/20521
USD10,766
$9,400
Freddie Mac Pool #RA7938 5.00% 9/1/20521
2,776
2,734
Freddie Mac Pool #QF0924 5.50% 9/1/20521
451
451
Freddie Mac Pool #SD8256 4.00% 10/1/20521
3,084
2,888
Freddie Mac Pool #QF1236 4.50% 10/1/20521
8,591
8,265
Freddie Mac Pool #SD8258 5.00% 10/1/20521
22,635
22,286
Freddie Mac Pool #RA8059 5.50% 10/1/20521
9,834
9,897
Freddie Mac Pool #QF2363 4.50% 11/1/20521
38,142
36,663
Freddie Mac Pool #SD1895 4.50% 11/1/20521
37,131
36,444
Freddie Mac Pool #QF3907 4.50% 11/1/20521
33,576
32,304
Freddie Mac Pool #SD8266 4.50% 11/1/20521
872
839
Freddie Mac Pool #SD2948 5.50% 11/1/20521
13,987
14,004
Freddie Mac Pool #QF2862 6.50% 11/1/20521
17
17
Freddie Mac Pool #SD2602 3.00% 12/1/20521
2,717
2,373
Freddie Mac Pool #SD4116 4.50% 12/1/20521
36,114
34,742
Freddie Mac Pool #SD8276 5.00% 12/1/20521
78,393
77,180
Freddie Mac Pool #QF5422 4.00% 1/1/20531
732
686
Freddie Mac Pool #SD8288 5.00% 1/1/20531
3,580
3,524
Freddie Mac Pool #QF5680 5.50% 1/1/20531
731
732
Freddie Mac Pool #SD8290 6.00% 1/1/20531
183,729
185,989
Freddie Mac Pool #QF7852 4.00% 2/1/20531
6,807
6,376
Freddie Mac Pool #SD8299 5.00% 2/1/20531
836
823
Freddie Mac Pool #QF7144 5.50% 2/1/20531
940
942
Freddie Mac Pool #QF8686 5.50% 2/1/20531
489
492
Freddie Mac Pool #SD8301 6.00% 2/1/20531
5,373
5,446
Freddie Mac Pool #SD8305 4.00% 3/1/20531
9,820
9,202
Freddie Mac Pool #QG1084 4.00% 3/1/20531
166
155
Freddie Mac Pool #QF8462 5.50% 3/1/20531
3,773
3,776
Freddie Mac Pool #QF8554 5.50% 3/1/20531
520
521
Freddie Mac Pool #QG0719 4.00% 4/1/20531
481
450
Freddie Mac Pool #SD8315 5.00% 4/1/20531
10,076
9,905
Freddie Mac Pool #SD2716 5.00% 4/1/20531
6,852
6,746
Freddie Mac Pool #SD8316 5.50% 4/1/20531
7,680
7,678
Freddie Mac Pool #QG1023 5.50% 4/1/20531
865
866
Freddie Mac Pool #SD8322 4.50% 5/1/20531
20,396
19,598
Freddie Mac Pool #SD8323 5.00% 5/1/20531
141,634
139,164
Freddie Mac Pool #SD8324 5.50% 5/1/20531
19,089
19,102
Freddie Mac Pool #SD3369 5.50% 5/1/20531
1,480
1,482
Freddie Mac Pool #QG3365 5.50% 5/1/20531
799
804
Freddie Mac Pool #QG1875 5.50% 5/1/20531
532
531
Freddie Mac Pool #SD8325 6.00% 5/1/20531
23,271
23,565
Freddie Mac Pool #SD2861 6.00% 5/1/20531
5,209
5,304
Freddie Mac Pool #QG3376 6.00% 5/1/20531
196
199
Freddie Mac Pool #SD8329 5.00% 6/1/20531
151,323
148,682
Freddie Mac Pool #QG4719 5.00% 6/1/20531
38,388
37,740
Freddie Mac Pool #SD8331 5.50% 6/1/20531
38,833
38,848
Freddie Mac Pool #SD8332 6.00% 6/1/20531
42,973
43,503
Freddie Mac Pool #RA9279 6.00% 6/1/20531
5,063
5,160
Freddie Mac Pool #RA9283 6.00% 6/1/20531
4,799
4,886
Freddie Mac Pool #RA9281 6.00% 6/1/20531
3,247
3,287
Freddie Mac Pool #SD3240 6.00% 6/1/20531
2,474
2,505
Freddie Mac Pool #RA9284 6.00% 6/1/20531
2,331
2,402
Freddie Mac Pool #RA9294 6.50% 6/1/20531
1,035
1,068
Freddie Mac Pool #RA9292 6.50% 6/1/20531
933
957
American Funds Mortgage Fund — Page 10 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #RA9289 6.50% 6/1/20531
USD850
$882
Freddie Mac Pool #RA9288 6.50% 6/1/20531
840
872
Freddie Mac Pool #RA9287 6.50% 6/1/20531
601
625
Freddie Mac Pool #RA9290 6.50% 6/1/20531
452
468
Freddie Mac Pool #RA9291 6.50% 6/1/20531
318
327
Freddie Mac Pool #RA9295 6.50% 6/1/20531
247
259
Freddie Mac Pool #QG7153 4.00% 7/1/20531
1,142
1,070
Freddie Mac Pool #QG7958 4.00% 7/1/20531
923
864
Freddie Mac Pool #SD8341 5.00% 7/1/20531
574
564
Freddie Mac Pool #SD8342 5.50% 7/1/20531
139,563
139,662
Freddie Mac Pool #SD3386 5.50% 7/1/20531
4,347
4,351
Freddie Mac Pool #QG7363 6.00% 7/1/20531
13,869
14,079
Freddie Mac Pool #SD3553 6.00% 7/1/20531
5,163
5,235
Freddie Mac Pool #SD3356 6.00% 7/1/20531
2,135
2,162
Freddie Mac Pool #SD3432 6.00% 7/1/20531
1,594
1,630
Freddie Mac Pool #SD8357 4.00% 8/1/20531
17,882
16,737
Freddie Mac Pool #QG8909 5.00% 8/1/20531
631
620
Freddie Mac Pool #SD3620 5.50% 8/1/20531
13,761
13,883
Freddie Mac Pool #RA9636 6.00% 8/1/20531
5,987
6,076
Freddie Mac Pool #SD3512 6.00% 8/1/20531
531
538
Freddie Mac Pool #SD8375 4.00% 9/1/20531
390
365
Freddie Mac Pool #SD8362 5.50% 9/1/20531
388
388
Freddie Mac Pool #RA9857 6.00% 9/1/20531
38,795
39,366
Freddie Mac Pool #RA9854 6.00% 9/1/20531
11,379
11,618
Freddie Mac Pool #SD8363 6.00% 9/1/20531
3,421
3,465
Freddie Mac Pool #SD8367 5.50% 10/1/20531
62,483
62,468
Freddie Mac Pool #SD8368 6.00% 10/1/20531
36,955
37,418
Freddie Mac Pool #SD4053 6.00% 10/1/20531
29,750
30,134
Freddie Mac Pool #SD8369 6.50% 10/1/20531
10,939
11,205
Freddie Mac Pool #SD6736 4.50% 11/1/20531
69,464
66,747
Freddie Mac Pool #SD4977 5.00% 11/1/20531
340,191
334,150
Freddie Mac Pool #SD8373 6.00% 11/1/20531
65,488
66,295
Freddie Mac Pool #RJ0326 6.50% 11/1/20531
4,383
4,516
Freddie Mac Pool #SD8392 4.00% 12/1/20531
5,586
5,228
Freddie Mac Pool #QH5655 4.00% 12/1/20531
302
282
Freddie Mac Pool #SD4842 6.00% 12/1/20531
3,033
3,079
Freddie Mac Pool #SD6284 2.00% 1/1/20541
3,352
2,693
Freddie Mac Pool #SD4614 6.50% 1/1/20541
6,006
6,198
Freddie Mac Pool #SD4693 6.50% 1/1/20541
5,517
5,665
Freddie Mac Pool #RJ0854 6.50% 1/1/20541
1,335
1,371
Freddie Mac Pool #QI0001 4.00% 2/1/20541
5,444
5,095
Freddie Mac Pool #QI0100 4.00% 2/1/20541
276
259
Freddie Mac Pool #SD8401 5.50% 2/1/20541
2,167
2,165
Freddie Mac Pool #SD4964 6.00% 2/1/20541
17,716
18,032
Freddie Mac Pool #SD8402 6.00% 2/1/20541
10,203
10,329
Freddie Mac Pool #QI0006 6.00% 2/1/20541
4,934
4,995
Freddie Mac Pool #SD4966 6.50% 2/1/20541
53,259
54,830
Freddie Mac Pool #RJ0856 6.50% 2/1/20541
9,472
9,730
Freddie Mac Pool #SD8424 4.00% 3/1/20541
3,000
2,807
Freddie Mac Pool #QI1723 4.00% 3/1/20541
793
742
Freddie Mac Pool #QI1357 4.00% 3/1/20541
79
74
Freddie Mac Pool #SD8408 5.50% 3/1/20541
34,259
34,240
Freddie Mac Pool #RJ1066 5.50% 3/1/20541
11,616
11,646
Freddie Mac Pool #RJ1076 6.00% 3/1/20541
2,168
2,198
American Funds Mortgage Fund — Page 11 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #RJ1015 6.50% 3/1/20541
USD132
$136
Freddie Mac Pool #QI3594 4.00% 4/1/20541
1,194
1,117
Freddie Mac Pool #SD8418 4.50% 4/1/20541
5,105
4,905
Freddie Mac Pool #RJ1216 5.50% 4/1/20541
6,056
6,082
Freddie Mac Pool #RJ1215 5.50% 4/1/20541
1,186
1,186
Freddie Mac Pool #SD5303 6.00% 4/1/20541
13,361
13,605
Freddie Mac Pool #RJ1348 6.00% 4/1/20541
1,903
1,937
Freddie Mac Pool #QI3333 6.00% 4/1/20541
889
902
Freddie Mac Pool #SD5221 6.50% 4/1/20541
5,540
5,717
Freddie Mac Pool #SD8428 4.00% 5/1/20541
36,746
34,384
Freddie Mac Pool #SD8430 5.00% 5/1/20541
8,417
8,264
Freddie Mac Pool #RJ1419 5.50% 5/1/20541
5,781
5,795
Freddie Mac Pool #RJ1429 6.00% 5/1/20541
20,002
20,314
Freddie Mac Pool #SD8432 6.00% 5/1/20541
3,695
3,741
Freddie Mac Pool #SD5692 6.00% 5/1/20541
1,222
1,246
Freddie Mac Pool #SD5404 6.50% 5/1/20541
49,707
51,180
Freddie Mac Pool #SD8433 6.50% 5/1/20541
12,871
13,184
Freddie Mac Pool #RJ1441 6.50% 5/1/20541
3,691
3,807
Freddie Mac Pool #SD8435 4.00% 6/1/20541
723
676
Freddie Mac Pool #RJ1855 5.00% 6/1/20541
3,683
3,620
Freddie Mac Pool #RJ1857 5.50% 6/1/20541
6,433
6,448
Freddie Mac Pool #RJ1768 5.50% 6/1/20541
1,352
1,357
Freddie Mac Pool #RJ1859 6.00% 6/1/20541
26,650
27,138
Freddie Mac Pool #RJ1785 6.00% 6/1/20541
8,356
8,489
Freddie Mac Pool #SD8439 6.00% 6/1/20541
6,566
6,646
Freddie Mac Pool #RJ1779 6.00% 6/1/20541
5,779
5,895
Freddie Mac Pool #SD5706 6.50% 6/1/20541
55,366
57,059
Freddie Mac Pool #RJ1726 6.50% 6/1/20541
20,894
21,514
Freddie Mac Pool #SD5701 6.50% 6/1/20541
4,977
5,146
Freddie Mac Pool #RJ1725 6.50% 6/1/20541
2,013
2,077
Freddie Mac Pool #SD8440 6.50% 6/1/20541
1,956
2,003
Freddie Mac Pool #RJ1797 6.50% 6/1/20541
1,875
1,923
Freddie Mac Pool #SD8458 4.00% 7/1/20541
10,460
9,788
Freddie Mac Pool #QI8872 5.50% 7/1/20541
2,295
2,301
Freddie Mac Pool #RJ1960 5.50% 7/1/20541
353
354
Freddie Mac Pool #RJ1963 5.50% 7/1/20541
287
287
Freddie Mac Pool #SD5790 6.00% 7/1/20541
38,876
39,583
Freddie Mac Pool #RJ1975 6.00% 7/1/20541
19,789
20,151
Freddie Mac Pool #RJ1964 6.00% 7/1/20541
18,213
18,680
Freddie Mac Pool #SD8447 6.00% 7/1/20541
14,321
14,496
Freddie Mac Pool #RJ1973 6.00% 7/1/20541
13,169
13,419
Freddie Mac Pool #SD5949 6.00% 7/1/20541
10,244
10,397
Freddie Mac Pool #SD5813 6.00% 7/1/20541
6,062
6,177
Freddie Mac Pool #QI8874 6.00% 7/1/20541
5,191
5,283
Freddie Mac Pool #SD5873 6.00% 7/1/20541
1,921
1,949
Freddie Mac Pool #SD5896 6.00% 7/1/20541
1,727
1,754
Freddie Mac Pool #QI8876 6.50% 7/1/20541
33,677
34,675
Freddie Mac Pool #RJ1986 6.50% 7/1/20541
21,114
21,662
Freddie Mac Pool #SD8448 6.50% 7/1/20541
8,419
8,622
Freddie Mac Pool #SD5905 6.50% 7/1/20541
7,747
7,991
Freddie Mac Pool #SD5986 6.50% 7/1/20541
7,157
7,377
Freddie Mac Pool #QI9151 6.50% 7/1/20541
7,139
7,346
Freddie Mac Pool #RJ2193 5.00% 8/1/20541
3,716
3,657
Freddie Mac Pool #RJ2241 5.00% 8/1/20541
2,658
2,617
American Funds Mortgage Fund — Page 12 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #RJ2195 5.00% 8/1/20541
USD2,402
$2,361
Freddie Mac Pool #RJ2200 5.50% 8/1/20541
6,353
6,355
Freddie Mac Pool #RJ2201 5.50% 8/1/20541
4,324
4,340
Freddie Mac Pool #RJ2206 5.50% 8/1/20541
4,326
4,331
Freddie Mac Pool #SD6286 5.50% 8/1/20541
3,649
3,664
Freddie Mac Pool #RJ2243 5.50% 8/1/20541
3,649
3,658
Freddie Mac Pool #RJ2202 5.50% 8/1/20541
1,740
1,746
Freddie Mac Pool #RJ2203 5.50% 8/1/20541
652
655
Freddie Mac Pool #RJ2210 6.00% 8/1/20541
26,388
26,734
Freddie Mac Pool #RJ2211 6.00% 8/1/20541
17,323
17,663
Freddie Mac Pool #RJ2216 6.00% 8/1/20541
14,820
15,042
Freddie Mac Pool #RJ2213 6.00% 8/1/20541
11,861
12,091
Freddie Mac Pool #RJ2245 6.00% 8/1/20541
11,346
11,547
Freddie Mac Pool #SD8454 6.00% 8/1/20541
7,457
7,548
Freddie Mac Pool #RJ2212 6.00% 8/1/20541
5,197
5,297
Freddie Mac Pool #SD6045 6.00% 8/1/20541
4,366
4,450
Freddie Mac Pool #SD6029 6.00% 8/1/20541
3,431
3,498
Freddie Mac Pool #SD8455 6.50% 8/1/20541
45,306
46,422
Freddie Mac Pool #RJ2222 6.50% 8/1/20541
25,744
26,603
Freddie Mac Pool #RJ2223 6.50% 8/1/20541
14,849
15,346
Freddie Mac Pool #SD6034 6.50% 8/1/20541
10,971
11,337
Freddie Mac Pool #RJ2247 6.50% 8/1/20541
9,773
10,061
Freddie Mac Pool #RJ2228 6.50% 8/1/20541
6,008
6,169
Freddie Mac Pool #SD6047 6.50% 8/1/20541
4,096
4,232
Freddie Mac Pool #SD6035 6.50% 8/1/20541
2,801
2,891
Freddie Mac Pool #RJ2422 5.50% 9/1/20541
7,188
7,190
Freddie Mac Pool #RJ2415 5.50% 9/1/20541
3,008
3,024
Freddie Mac Pool #RJ2408 5.50% 9/1/20541
2,682
2,688
Freddie Mac Pool #SD6328 5.50% 9/1/20541
851
854
Freddie Mac Pool #QJ3044 5.50% 9/1/20541
347
346
Freddie Mac Pool #RJ2409 6.00% 9/1/20541
32,940
33,523
Freddie Mac Pool #RJ2314 6.00% 9/1/20541
11,797
12,006
Freddie Mac Pool #RJ2312 6.00% 9/1/20541
6,587
6,716
Freddie Mac Pool #RJ2308 6.00% 9/1/20541
6,187
6,306
Freddie Mac Pool #RJ2306 6.00% 9/1/20541
5,610
5,730
Freddie Mac Pool #RJ2309 6.00% 9/1/20541
3,663
3,718
Freddie Mac Pool #SD6288 6.50% 9/1/20541
35,735
36,848
Freddie Mac Pool #SD8464 6.50% 9/1/20541
24,089
24,682
Freddie Mac Pool #RJ2474 6.50% 9/1/20541
23,115
23,732
Freddie Mac Pool #SD6702 6.50% 9/1/20541
15,738
16,237
Freddie Mac Pool #RJ2411 6.50% 9/1/20541
15,186
15,609
Freddie Mac Pool #RJ2323 6.50% 9/1/20541
9,053
9,355
Freddie Mac Pool #RJ2470 6.50% 9/1/20541
8,460
8,688
Freddie Mac Pool #SD6271 6.50% 9/1/20541
6,297
6,507
Freddie Mac Pool #RJ2320 6.50% 9/1/20541
3,573
3,687
Freddie Mac Pool #SD6531 6.50% 9/1/20541
3,244
3,342
Freddie Mac Pool #QJ4693 6.50% 9/1/20541
3,074
3,163
Freddie Mac Pool #RJ2325 6.50% 9/1/20541
1,920
1,973
Freddie Mac Pool #SD8481 4.00% 10/1/20541
4,377
4,095
Freddie Mac Pool #QJ5986 4.00% 10/1/20541
3,000
2,807
Freddie Mac Pool #RJ2625 5.50% 10/1/20541
20,523
20,606
Freddie Mac Pool #SD6911 6.50% 10/1/20541
54,915
56,596
Freddie Mac Pool #SD6733 6.50% 10/1/20541
4,761
4,888
Freddie Mac Pool #SD8471 6.50% 10/1/20541
383
392
American Funds Mortgage Fund — Page 13 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Freddie Mac Pool #SD8484 4.00% 11/1/20541
USD4,000
$3,743
Freddie Mac Pool #SD8473 4.50% 11/1/20541
7,103
6,824
Freddie Mac Pool #RJ2851 4.50% 11/1/20541
4,993
4,797
Freddie Mac Pool #RJ2860 5.00% 11/1/20541
14,970
14,693
Freddie Mac Pool #RJ2917 5.50% 11/1/20541
23,665
23,670
Freddie Mac Pool #RJ2922 6.00% 11/1/20541
1,654
1,675
Freddie Mac Pool #SD8487 4.00% 12/1/20541
10,500
9,825
Freddie Mac Pool #RJ3012 5.00% 12/1/20541
29,255
28,756
Freddie Mac Pool #RJ3017 5.00% 12/1/20541
14,189
13,930
Freddie Mac Pool #RJ3082 5.50% 12/1/20541
8,774
8,795
Freddie Mac, Series K052, Class A2, Multi Family, 3.151% 11/25/20251
2,500
2,466
Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/20301
24,000
23,930
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/20561,3
2,254
2,104
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/20561
3,897
3,392
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/20561,3
8,524
8,058
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/20561
589
517
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/20561
2,697
2,475
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/20561,3
2,599
2,413
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/20571
3,694
3,152
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/20571
878
839
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/20581
1,253
1,115
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/20581
491
468
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/26/20581
1,051
935
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/20581
646
576
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2024-2, Class MT, 3.50% 5/25/20641
59,107
52,380
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/20281
4,029
3,881
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 20-3, Class AC, 2.00% 11/25/20301
27,049
23,944
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 21-1, Class AC, 2.25% 5/26/20311
27,878
25,030
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 21-2, Class AD, 2.00% 7/25/20311
23,608
20,843
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/20321
24,673
23,504
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 20-2, Class AC, 2.00% 9/27/20601
28,580
25,418
Government National Mortgage Assn. 3.00% 12/1/20541,4
4,850
4,299
Government National Mortgage Assn. 4.50% 12/1/20541,4
198,690
191,741
Government National Mortgage Assn. 5.00% 12/1/20541,4
10,531
10,379
Government National Mortgage Assn. 5.50% 12/1/20541,4
23,449
23,474
Government National Mortgage Assn. Pool #778205 4.00% 3/20/20321
244
239
Government National Mortgage Assn. Pool #778208 4.00% 5/20/20321
276
269
Government National Mortgage Assn. Pool #796771 6.50% 10/20/20321
243
248
Government National Mortgage Assn. Pool #AD0867 4.25% 4/20/20341
503
493
Government National Mortgage Assn. Pool #AH5896 3.75% 7/20/20341
518
499
Government National Mortgage Assn. Pool #AH5904 3.25% 2/20/20351
884
837
Government National Mortgage Assn. Pool #AH5907 3.25% 4/20/20351
698
661
Government National Mortgage Assn. Pool #AH5908 3.25% 5/20/20351
1,093
1,040
Government National Mortgage Assn. Pool #AC2887 5.00% 7/20/20351
83
83
Government National Mortgage Assn. Pool #417292 3.25% 8/20/20351
1,526
1,449
Government National Mortgage Assn. Pool #AA7288 3.75% 6/20/20371
252
239
Government National Mortgage Assn. Pool #AA4803 6.50% 10/20/20381
45
46
Government National Mortgage Assn. Pool #773549 6.50% 12/20/20381
123
124
Government National Mortgage Assn. Pool #783690 6.00% 9/20/20391
821
863
Government National Mortgage Assn. Pool #AH5905 3.25% 1/20/20401
617
561
Government National Mortgage Assn. Pool #783689 5.50% 2/20/20401
850
872
Government National Mortgage Assn. Pool #AH5909 3.25% 5/20/20401
387
352
Government National Mortgage Assn. Pool #AH5912 3.25% 8/20/20401
457
415
Government National Mortgage Assn. Pool #AC2904 4.50% 5/20/20411
335
328
American Funds Mortgage Fund — Page 14 of 23
unaudited
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. Pool #783688 5.00% 6/20/20411
USD630
$644
Government National Mortgage Assn. Pool #MA0274 4.50% 7/20/20411
190
185
Government National Mortgage Assn. Pool #005158 5.00% 8/20/20411
480
481
Government National Mortgage Assn. Pool #005165 6.50% 8/20/20411
42
42
Government National Mortgage Assn. Pool #MA0273 4.00% 9/20/20411
415
389
Government National Mortgage Assn. Pool #AB3621 4.50% 9/20/20411
100
97
Government National Mortgage Assn. Pool #AE5743 5.00% 9/20/20411
930
922
Government National Mortgage Assn. Pool #MA0310 4.50% 10/20/20411
410
399
Government National Mortgage Assn. Pool #783687 4.50% 12/20/20411
476
467
Government National Mortgage Assn. Pool #793043 2.75% 1/15/20421
273
241
Government National Mortgage Assn. Pool #799829 2.75% 2/15/20421
159
140
Government National Mortgage Assn. Pool #AB2159 4.50% 3/20/20421
493
484
Government National Mortgage Assn. Pool #770241 4.00% 5/20/20421
282
272
Government National Mortgage Assn. Pool #AA0526 2.75% 6/15/20421
34
30
Government National Mortgage Assn. Pool #792276 3.50% 6/15/20421
147
137
Government National Mortgage Assn. Pool #770242 4.00% 6/20/20421
435
420
Government National Mortgage Assn. Pool #AC2872 4.00% 6/20/20421
167
158
Government National Mortgage Assn. Pool #799343 3.50% 7/15/20421
309
291
Government National Mortgage Assn. Pool #AB1330 2.75% 8/15/20421
215
190
Government National Mortgage Assn. Pool #AB1591 2.75% 9/15/20421
188
166
Government National Mortgage Assn. Pool #AG5105 3.50% 9/20/20431
258
238
Government National Mortgage Assn. Pool #AG5106 4.00% 9/20/20431
357
341
Government National Mortgage Assn. Pool #AA7306 3.50% 11/20/20431
643
590
Government National Mortgage Assn. Pool #AH5880 3.75% 5/20/20441
892
831
Government National Mortgage Assn. Pool #AH5881 4.25% 5/20/20441
422
405
Government National Mortgage Assn. Pool #MA3727 4.00% 6/20/20461
904
856
Government National Mortgage Assn. Pool #MA4511 4.00% 6/20/20471
3,027
2,886
Government National Mortgage Assn. Pool #MA6041 4.50% 7/20/20491
248
243
Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/20491
7
7
Government National Mortgage Assn. Pool #MA6709 2.50% 6/20/20501
48
41
Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/20501
7,843
6,460
Government National Mortgage Assn. Pool #BZ3978 2.50% 11/20/20501
5,276
4,487
Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/20501
9,942
8,187
Government National Mortgage Assn. Pool #785575 2.50% 8/20/20511
59,747
50,081
Government National Mortgage Assn. Pool #785659 2.50% 10/20/20511
6,667
5,603
Government National Mortgage Assn. Pool #785792 2.50% 12/20/20511
80,470
67,376
Government National Mortgage Assn. Pool #786706 2.50% 12/20/20511
6,194
5,340
Government National Mortgage Assn. Pool #MA7827 2.50% 1/20/20521
2,835
2,425
Government National Mortgage Assn. Pool #785847 2.50% 1/20/20521
2,188
1,839
Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/20521
13,933
11,915
Government National Mortgage Assn. Pool #MA7936 2.50% 3/20/20521
9,106
7,787
Government National Mortgage Assn. Pool #786647 2.50% 3/20/20521
8,420
7,169
Government National Mortgage Assn. Pool #786701 2.50% 3/20/20521
5,601
4,762
Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/20521
4,156
3,554
Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/20521
3,905
3,465
Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/20521
22,358
20,456
Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/20521
8,632
8,123
Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/20521
7,003
6,590
Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/20531
6,192
5,827
Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/20531
4,016
3,779
Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/20531
18,024
17,410
Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/20541
1,766
1,662
Government National Mortgage Assn. Pool #773441 5.20% 4/20/20621
1
1
Government National Mortgage Assn. Pool #AG8235 5.20% 12/20/20641
1
1
American Funds Mortgage Fund — Page 15 of 23
unaudited
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. Pool #AQ8290 4.894% 2/20/20661
USD6
$6
Government National Mortgage Assn. Pool #AQ8292 5.17% 2/20/20661
1
1
Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/20631
7,859
5,915
Government National Mortgage Assn., Series 2016-H13, Class IO, interest only, 0.493% 5/20/20661,3
3,653
35
Uniform Mortgage-Backed Security 2.50% 12/1/20391,4
3,625
3,338
Uniform Mortgage-Backed Security 4.00% 12/1/20391,4
11,000
10,690
Uniform Mortgage-Backed Security 2.50% 1/1/20401,4
14,855
13,692
Uniform Mortgage-Backed Security 2.50% 11/1/20541,4
—
2
—
2
Uniform Mortgage-Backed Security 2.00% 12/1/20541,4
22,976
18,409
Uniform Mortgage-Backed Security 2.50% 12/1/20541,4
7,517
6,292
Uniform Mortgage-Backed Security 3.00% 12/1/20541,4
1
1
Uniform Mortgage-Backed Security 3.50% 12/1/20541,4
172,460
156,341
Uniform Mortgage-Backed Security 4.00% 12/1/20541,4
270,724
253,215
Uniform Mortgage-Backed Security 4.50% 12/1/20541,4
99,809
95,849
Uniform Mortgage-Backed Security 5.00% 12/1/20541,4
77,272
75,830
Uniform Mortgage-Backed Security 5.50% 12/1/20541,4
45,175
45,126
Uniform Mortgage-Backed Security 6.00% 12/1/20541,4
2
2
Uniform Mortgage-Backed Security 6.50% 12/1/20541,4
146,590
150,087
Uniform Mortgage-Backed Security 7.00% 12/1/20541,4
122,963
127,392
Uniform Mortgage-Backed Security 2.00% 1/1/20551,4
13,428
10,772
Uniform Mortgage-Backed Security 2.50% 1/1/20551,4
1,527
1,280
Uniform Mortgage-Backed Security 3.50% 1/1/20551,4
88,793
80,522
 
9,264,822
Commercial mortgage-backed securities 1.16%
 
 
 
BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) 6.507% 4/15/20371,3,5
6,000
6,038
BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 6.724% 6/15/20271,3,5
7,875
7,919
BX Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 5.424% 9/15/20361,3,5
26,900
26,869
BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.623% 10/15/20361,3,5
19,921
19,833
BX Trust, Series 2021-SOAR, Class A, (1-month USD CME Term SOFR + 0.784%) 5.394% 6/15/20381,3,5
15,250
15,227
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/20401,3,5
31,782
32,496
Extended Stay America Trust, Series 2021-ESH, Class A,
(1-month USD CME Term SOFR + 1.194%) 5.804% 7/15/20381,3,5
5,583
5,591
SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 5.455% 11/15/20381,3,5
17,252
17,247
 
131,220
Collateralized mortgage-backed obligations (privately originated) 0.79%
 
 
 
Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/20491,3,5
44
43
CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/20611,3,5
14,652
13,695
COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/20661,3,5
897
793
FARM Mortgage Trust, Series 2024-1, Class A, 4.721% 10/1/20531,3,5
19,226
18,486
Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.196% 8/1/20541,3,5
9,329
9,280
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 4/25/2061 (5.75% on 4/25/2025)1,5,6
3,346
3,344
Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/20541,3,5
23,963
24,338
PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/20591,3,5
9,456
9,521
Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/20311,3,5
558
554
Towd Point Mortgage Trust, Series 2015-3, Class M2, 4.00% 3/25/20541,3,5
2,534
2,512
Towd Point Mortgage Trust, Series 2015-4, Class M2, 3.75% 4/25/20551,3,5
1,259
1,253
Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/20551,3,5
4,873
4,766
Towd Point Mortgage Trust, Series 2017-5, Class A1, 5.302% 2/25/20571,3,5
31
32
 
88,617
Total mortgage-backed obligations
9,484,659
American Funds Mortgage Fund — Page 16 of 23
unaudited
Bonds, notes & other debt instruments (continued)
U.S. Treasury bonds & notes 9.43%
U.S. Treasury 9.43%
 
Principal amount
(000)
Value
(000)
U.S. Treasury 2.75% 2/28/2025
USD36,859
$36,709
U.S. Treasury 4.625% 2/28/2025
36,859
36,866
U.S. Treasury 3.875% 3/31/2025
27,326
27,276
U.S. Treasury 4.625% 6/30/2025
36,859
36,905
U.S. Treasury 4.25% 1/31/20267
135,000
134,887
U.S. Treasury 4.50% 3/31/2026
20,000
20,053
U.S. Treasury 4.375% 7/31/2026
37,000
37,084
U.S. Treasury 0.875% 9/30/2026
400
377
U.S. Treasury 3.50% 9/30/2026
44,000
43,457
U.S. Treasury 1.25% 5/31/2028
3,800
3,448
U.S. Treasury 1.25% 6/30/2028
19,000
17,202
U.S. Treasury 4.125% 7/31/20287
118,000
118,018
U.S. Treasury 1.75% 1/31/20297
10,000
9,105
U.S. Treasury 4.50% 5/31/2029
336,000
341,565
U.S. Treasury 1.625% 5/15/20317
6,000
5,156
U.S. Treasury 4.25% 6/30/20317
100,000
100,691
U.S. Treasury 1.25% 8/15/20317
6,000
4,995
U.S. Treasury 3.625% 9/30/2031
40,000
38,808
U.S. Treasury 1.875% 2/15/20327
10,000
8,594
U.S. Treasury 2.875% 5/15/20327
5,822
5,349
U.S. Treasury 1.375% 11/15/20407
3,168
2,069
U.S. Treasury 1.875% 2/15/20417
18,333
12,946
U.S. Treasury 3.25% 5/15/20427
8,193
7,009
U.S. Treasury 1.875% 2/15/20517
11,600
6,963
U.S. Treasury 2.00% 8/15/2051
11,000
6,783
 
1,062,315
Asset-backed obligations 1.19%
 
 
 
ACHV ABS Trust, Series 2023-3PL, Class B, 7.17% 8/19/20301,5
80
80
American Credit Acceptance Receivables Trust, Series 2024-3, Class A, 5.76% 11/12/20271,5
2,987
3,000
American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/20281,5
1,552
1,552
Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/20271
1,439
1,439
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20601,5
5,028
4,891
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/20601,5
2,231
2,003
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/20611,5
9,505
8,962
CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/20281,5
1,313
1,315
Drive Auto Receivables Trust, Series 2024-2, Class A2, 4.94% 12/15/20271
3,906
3,911
Drive Auto Receivables Trust, Series 2024-2, Class A3, 4.50% 9/15/20281
2,905
2,895
Exeter Automobile Receivables Trust, Series 2024-4A, Class A2, 5.60% 5/17/20271
1,883
1,887
Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/20361,5
22,413
23,003
GLS Auto Receivables Trust, Series 2024-3A, Class A2, 5.35% 8/16/20271,5
1,830
1,835
GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/20271,5
2,281
2,282
GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/20281,5
2,085
2,092
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/20691,5
1,921
1,733
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 10/15/20691,5
3,430
3,072
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 4/20/20621,5
4,717
4,337
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/20621,5
6,020
5,555
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/20621,5
16,607
15,387
Nelnet Student Loan Trust, Series 2021-C, Class AFL,
(1-month USD CME Term SOFR + 0.854%) 5.461% 4/20/20621,3,5
8,577
8,530
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1,
1.91% 10/20/20611,5
12,130
11,194
Santander Drive Auto Receivables Trust, Series 2024-4, Class A2, 5.41% 7/15/20271
4,371
4,383
Santander Drive Auto Receivables Trust, Series 2024-5, Class A2, 4.88% 9/15/20271
3,921
3,926
American Funds Mortgage Fund — Page 17 of 23
unaudited
Bonds, notes & other debt instruments (continued)
Asset-backed obligations (continued)
 
Principal amount
(000)
Value
(000)
Santander Drive Auto Receivables Trust, Series 2022-4, Class B, 4.42% 11/15/20271
USD1,677
$1,674
Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/20281
615
615
Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/20281
725
730
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/20531,5
1,266
1,127
Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/20291
7,488
7,605
World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/20281
3,328
3,342
 
134,357
Total bonds, notes & other debt instruments (cost: $10,746,401,000)
10,681,331
Short-term securities 18.47%
Federal agency bills & notes 13.52%
Federal agency bonds & notes 10.86%
Weighted
average yield
at acquisition
 
 
Federal Home Loan Bank 12/20/2024
4.568
%
150,000
149,664
Federal Home Loan Bank 12/26/2024
4.360
150,000
149,556
Federal Home Loan Bank 12/27/2024
4.366
100,000
99,691
Federal Home Loan Bank 12/30/2024
4.474
275,000
274,051
Federal Home Loan Bank 1/8/2025
4.500
100,000
99,544
Federal Home Loan Bank 1/10/2025
4.275
50,000
49,760
Federal Home Loan Bank 1/15/2025
4.478
150,000
149,188
Federal Home Loan Bank 1/31/2025
4.423
150,000
148,895
Federal Home Loan Bank 2/14/2025
4.347
50,000
49,547
Federal Home Loan Bank 2/19/2025
4.362
54,000
53,478
 
1,223,374
Interest bearing bills & notes 2.66%
Coupon rate
 
 
Federal Home Loan Bank (USD-SOFR + 0.015%) 1/9/2025 3
4.585
100,000
100,000
Federal Home Loan Bank (USD-SOFR + 0.02%) 1/23/2025 3
4.590
100,000
99,999
Federal Home Loan Bank (USD-SOFR + 1.50%) 5/2/2025 3
4.585
100,000
100,000
 
299,999
 
1,523,373
Money market investments 4.95%
 
Shares
 
Capital Group Central Cash Fund 4.65%8,9
5,575,899
557,646
Total short-term securities (cost: $2,080,748,000)
2,081,019
Options purchased (equity style) 0.02%
 
 
 
Options purchased (equity style)*
2,409
Total options purchased (equity style) (cost: $2,282,000)
2,409
Total investment securities 113.29% (cost: $12,829,431,000)
12,764,759
Other assets less liabilities (13.29)%
(1,497,076
)
Net assets 100.00%
$11,267,683
American Funds Mortgage Fund — Page 18 of 23
unaudited
*Options purchased (equity style)
 
Description
Number of
contracts
Expiration
date
Exercise
price
Notional
amount
(000)
Value at
11/30/2024
(000)
Call
3 Month SOFR Futures Option
1,139
6/13/2025
USD97.00
USD284,750
$178
3 Month SOFR Futures Option
355
6/13/2025
98.00
88,750
20
3 Month SOFR Futures Option
511
9/12/2025
97.00
127,750
160
3 Month SOFR Futures Option
3,384
12/12/2025
97.00
846,000
2,051
 
$2,409
Futures contracts
 
Contracts
Type
Number of
contracts
Expiration
date
Notional
amount
(000)
Value and
unrealized
appreciation
(depreciation)
at 11/30/2024
(000)
2 Year U.S. Treasury Note Futures
Long
23,254
4/3/2025
USD4,792,868
$8,771
5 Year U.S. Treasury Note Futures
Long
15,768
4/3/2025
1,696,661
9,499
10 Year Ultra U.S. Treasury Note Futures
Long
7,800
3/31/2025
895,416
14,667
10 Year U.S. Treasury Note Futures
Long
6,924
3/31/2025
769,862
5,644
20 Year U.S. Treasury Note Futures
Short
5,427
3/31/2025
(648,527
)
(13,640
)
30 Year Ultra U.S. Treasury Bond Futures
Long
1,691
3/31/2025
215,074
3,688
 
 
 
 
$28,629
Swap contracts
Interest rate swaps
Centrally cleared interest rate swaps 
Receive
Pay
Expiration
date
Notional
amount
(000)
Value at
11/30/2024
(000)
Upfront
premium
paid
(received)
(000)
Unrealized
appreciation
(depreciation)
at 11/30/2024
(000)
Rate
Payment
frequency
Rate
Payment
frequency
SOFR
Annual
3.6038%
Annual
1/8/2034
USD46,550
$334
$—
$334
SOFR
Annual
3.41%
Annual
7/28/2045
115,000
5,211
—
5,211
 
 
 
 
$5,545
$—
$5,545
Investments in affiliates9
 
 
Value at
9/1/2024
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
11/30/2024
(000)
Dividend
or interest
income
(000)
Short-term securities 4.95%
Money market investments 4.95%
Capital Group Central Cash Fund 4.65%8
$554,414
$1,579,346
$1,575,985
$34
$(163
)
$557,646
$4,392
 
American Funds Mortgage Fund — Page 19 of 23
unaudited
1
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
2
Amount less than one thousand.
3
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.
4
Purchased on a TBA basis.
5
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 $321,787,000, which
represented 2.86% of the net assets of the fund.
6
Step bond; coupon rate may change at a later date.
7
All or a portion of this security was pledged as collateral. The total value of pledged collateral was $88,199,000, which represented .78% of the net assets of
the fund.
8
Rate represents the seven-day yield at 11/30/2024.
9
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
American Funds Mortgage Fund — Page 20 of 23
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 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. 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 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 of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $2,386,508,000. The average month-end notional amount of futures contracts while held was $9,618,296,000. 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. The average month-end notional amounts of interest rate swaps while held were $362,189,000.
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 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.
American Funds Mortgage Fund — Page 21 of 23
unaudited
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 following tables present the fund’s valuation levels as of November 30, 2024 (dollars in thousands): 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Bonds, notes & other debt instruments:
Mortgage-backed obligations
$—
$9,484,659
$—
$9,484,659
U.S. Treasury bonds & notes
—
1,062,315
—
1,062,315
Asset-backed obligations
—
134,357
—
134,357
Short-term securities
557,646
1,523,373
—
2,081,019
Options purchased on futures (equity style)
2,409
—
—
2,409
Total
$560,055
$12,204,704
$—
$12,764,759
 
 
Other investments*
 
Level 1
Level 2
Level 3
Total
Assets:
Unrealized appreciation on futures contracts
$42,269
$—
$—
$42,269
Unrealized appreciation on centrally cleared interest rate swaps
—
5,545
—
5,545
Liabilities:
Unrealized depreciation on futures contracts
(13,640
)
—
—
(13,640
)
Total
$28,629
$5,545
$—
$34,174
*
Futures contracts and interest rate swaps are not included in the fund’s investment portfolio. 
Key to abbreviation(s)
Assn. = Association
CME = CME Group
SOFR = Secured Overnight Financing Rate
TBA = To be announced
USD = U.S. dollars
American Funds Mortgage Fund — Page 22 of 23
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.
Capital Client Group, Inc., member FINRA.
© 2025 Capital Group. All rights reserved.
MFGEFP1-042-0125
American Funds Mortgage Fund — Page 23 of 23