# EDGAR Filing Document

**Accession Number:** 0001496998
**File Stem:** 0001193125-26-195289
**Filing Date:** 2026-4
**Character Count:** 286832
**Document Hash:** 0e9dde7d881bd5c2da81358716b36a51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-195289.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001193125-26-195289

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**EFFECTIVENESS DATE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN FUNDS MORTGAGE FUND
- **CENTRAL INDEX KEY:** 0001496998

**ORGANIZATION NAME:**
- **EIN:** 273101898
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22449
- **FILM NUMBER:** 26921741

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9501

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### AMERICAN FUNDS MORTGAGE FUND (Series ID: S000030190)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000092896 | Class A       | MFAAX           |
| C000092897 | Class 529-F-1 | CMFFX           |
| C000092898 | Class R-1     | RMAAX           |
| C000092899 | Class R-2     | RMABX           |
| C000092900 | Class R-3     | RMACX           |
| C000092901 | Class R-4     | RMAEX           |
| C000092902 | Class R-5     | RMAFX           |
| C000092903 | Class R-6     | RMAGX           |
| C000092905 | Class C       | MFACX           |
| C000092906 | Class F-1     | MFAEX           |
| C000092907 | Class F-2     | MFAFX           |
| C000092908 | Class 529-A   | CMFAX           |
| C000092910 | Class 529-C   | CMFCX           |
| C000092911 | Class 529-E   | CMFEX           |
| C000148445 | Class R-2E    | RMBEX           |
| C000164806 | Class R-5E    | RMAHX           |
| C000180009 | Class F-3     | AFFMX           |
| C000189492 | Class 529-T   | TMFMX           |
| C000189493 | Class T       | TFMFX           |
| C000224553 | Class 529-F-2 | FFMFX           |
| C000224554 | Class 529-F-3 | FMMFX           |

?xml version='1.0' encoding='ASCII'? a515789d-517b-42f3-8cfe-2ce797d0e81a

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-22449

#### American Funds Mortgage Fund
(Exact name of registrant as specified in charter)

------

6455 Irvine Center Drive

Irvine, California 92618

(Address of principal executive offices)

Becky L. Park

6455 Irvine Center Drive

Irvine, California 92618

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(949) 975-5000

#### Date of fiscal year end:

#### August 31

#### Date of reporting period:

#### February 28, 2026
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class A \| MFAAX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-A**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$35 0.69%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-A**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFAASRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class C \| MFACX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-C**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$73 1.45%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-C**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFCCSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class T \| TFMFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$22 0.44%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFTTSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class F-1 \| MFAEX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-F1**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$33 0.66%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-F1**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF1SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class F-2 \| MFAFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-F2**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$20 0.40%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-F2**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF2SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class F-3 \| AFFMX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-F3**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$14 0.28%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-F3**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF3SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-A \| CMFAX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-529A**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$36 0.72%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-529A**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5ASRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-C \| CMFCX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-529C**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$75 1.48%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-529C**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5CSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-E \| CMFEX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$47 0.93%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5ESRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-T \| TMFMX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$25 0.49%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5TSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-F-1 \| CMFFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-529F1**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$22 0.44%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-529F1**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5FSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-F-2 \| FFMFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-529F2**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$22 0.43%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-529F2**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5XSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class 529-F-3 \| FMMFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-529F3**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$16 0.31%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-529F3**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5YSRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-1 \| RMAAX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R1**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$71 1.40%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R1**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR1SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-2 \| RMABX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R2**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$70 1.38%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R2**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR2SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-2E \| RMBEX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R2E**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$49 0.97%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R2E**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF2ESRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-3 \| RMACX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R3**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$47 0.93%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R3**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR3SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-4 \| RMAEX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R4**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$32 0.64%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R4**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR4SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-5E \| RMAHX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R5E**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$24 0.47%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R5E**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFE5SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-5 \| RMAFX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R5**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$17 0.34%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R5**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR5SRX-042-0426© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2449.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## American Funds Mortgage Fund <sup>®</sup>
**Class R-6 \| RMAGX** for the six months ended February 28, 2026

This semi-annual shareholder report contains important information about American Funds Mortgage Fund (the "fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the fund at **capitalgroup.com/mutual-fund-literature-R6**. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$14 0.28%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $13120 |
| Total number of portfolio holdings | 1264 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 251% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 36% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at **capitalgroup.com/mutual-fund-literature-R6**.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR6SRX-042-0426© 2026 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 3 - Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 4 - Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 5 - Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

------

#### ITEM 6 - Investments
The schedule of investments is included as part of the material filed under Item 7 of this Form.

------

#### ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies

------

![](imgb8dca40d1.jpg)

**American Funds Mortgage Fund**<sup>®</sup>

Financial Statements and Other Information

N-CSR Items 7-11

for the six months ended February 28, 2026

Lit. No. MFGEFP2-042-0426© 2026 Capital Group. All rights reserved.

------

Investment portfolio February 28, 2026unaudited

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 79.45% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations 70.20%** | **Mortgage-backed obligations 70.20%** | **Mortgage-backed obligations 70.20%** |
| **Federal agency mortgage-backed obligations 69.27%** | **Federal agency mortgage-backed obligations 69.27%** | **Federal agency mortgage-backed obligations 69.27%** |
| Fannie Mae Pool #256310 6.50% 7/1/2026 <sup>(a)</sup>  | USD— <br><sup>(b)</sup><br>| $— <br><sup>(b)</sup><br>|
| Fannie Mae Pool #928689 6.50% 9/1/2027 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AD0838 6.50% 10/1/2027 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Fannie Mae Pool #928957 6.50% 12/1/2027 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AL9724 6.50% 2/1/2028 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #AY1948 3.50% 1/1/2030 <sup>(a)</sup>  | 24 | 23 |
| Fannie Mae Pool #AZ0554 3.50% 10/1/2030 <sup>(a)</sup>  | 36 | 36 |
| Fannie Mae Pool #613025 6.50% 7/1/2031 <sup>(a)</sup>  | 3 | 3 |
| Fannie Mae Pool #BJ4876 3.00% 2/1/2033 <sup>(a)</sup>  | 222 | 217 |
| Fannie Mae Pool #BJ4856 3.00% 2/1/2033 <sup>(a)</sup>  | 58 | 56 |
| Fannie Mae Pool #BM3919 3.00% 2/1/2033 <sup>(a)</sup>  | 5 | 4 |
| Fannie Mae Pool #695412 5.00% 6/1/2033 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #CA2106 3.50% 7/1/2033 <sup>(a)</sup>  | 6 | 6 |
| Fannie Mae Pool #MA1640 2.50% 9/1/2033 <sup>(a)</sup>  | 409 | 391 |
| Fannie Mae Pool #AU7556 3.00% 9/1/2033 <sup>(a)</sup>  | 240 | 231 |
| Fannie Mae Pool #BJ9000 3.50% 11/1/2033 <sup>(a)</sup>  | 62 | 61 |
| Fannie Mae Pool #BO6247 2.50% 12/1/2034 <sup>(a)</sup>  | 2944 | 2824 |
| Fannie Mae Pool #FM2499 2.50% 2/1/2035 <sup>(a)</sup>  | 5825 | 5581 |
| Fannie Mae Pool #745001 6.50% 9/1/2035 <sup>(a)</sup>  | 12 | 12 |
| Fannie Mae Pool #AD3566 5.00% 10/1/2035 <sup>(a)</sup>  | 9 | 9 |
| Fannie Mae Pool #AS7224 4.00% 5/1/2036 <sup>(a)</sup>  | 972 | 965 |
| Fannie Mae Pool #MA2630 4.00% 5/1/2036 <sup>(a)</sup>  | 184 | 184 |
| Fannie Mae Pool #MA2717 4.00% 8/1/2036 <sup>(a)</sup>  | 859 | 858 |
| Fannie Mae Pool #MA2746 4.00% 9/1/2036 <sup>(a)</sup>  | 1664 | 1660 |
| Fannie Mae Pool #MA2787 4.00% 10/1/2036 <sup>(a)</sup>  | 411 | 410 |
| Fannie Mae Pool #CB2247 2.50% 11/1/2036 <sup>(a)</sup>  | 2796 | 2668 |
| Fannie Mae Pool #MA2819 4.00% 11/1/2036 <sup>(a)</sup>  | 790 | 788 |
| Fannie Mae Pool #801783 6.50% 2/1/2037 <sup>(a)</sup>  | 4 | 5 |
| Fannie Mae Pool #CB3701 2.50% 5/1/2037 <sup>(a)</sup>  | 22 | 21 |
| Fannie Mae Pool #MA4665 2.50% 7/1/2037 <sup>(a)</sup>  | 631 | 602 |
| Fannie Mae Pool #MA3099 4.00% 8/1/2037 <sup>(a)</sup>  | 1169 | 1169 |
| Fannie Mae Pool #MA4773 2.50% 10/1/2037 <sup>(a)</sup>  | 175 | 167 |
| Fannie Mae Pool #MA3186 4.00% 11/1/2037 <sup>(a)</sup>  | 2443 | 2436 |
| Fannie Mae Pool #931768 5.00% 8/1/2039 <sup>(a)</sup>  | 13 | 14 |
| Fannie Mae Pool #AC0794 5.00% 10/1/2039 <sup>(a)</sup>  | 55 | 57 |
| Fannie Mae Pool #AD1823 5.00% 2/1/2040 <sup>(a)</sup>  | 372 | 375 |
| Fannie Mae Pool #932606 5.00% 2/1/2040 <sup>(a)</sup>  | 23 | 23 |
| Fannie Mae Pool #BQ7816 1.50% 4/1/2041 <sup>(a)</sup>  | 16854 | 14629 |
| Fannie Mae Pool #BR0986 1.50% 5/1/2041 <sup>(a)</sup>  | 22528 | 19548 |
| Fannie Mae Pool #AE1248 5.00% 6/1/2041 <sup>(a)</sup>  | 101 | 104 |
| Fannie Mae Pool #MA4387 2.00% 7/1/2041 <sup>(a)</sup>  | 282 | 252 |
| Fannie Mae Pool #MA4388 2.50% 7/1/2041 <sup>(a)</sup>  | 5560 | 5112 |
| Fannie Mae Pool #MA4447 2.50% 10/1/2041 <sup>(a)</sup>  | 11803 | 10849 |
| Fannie Mae Pool #FM9117 2.50% 10/1/2041 <sup>(a)</sup>  | 6720 | 6194 |
| Fannie Mae Pool #AJ1873 4.00% 10/1/2041 <sup>(a)</sup>  | 45 | 45 |
| Fannie Mae Pool #AE1277 5.00% 11/1/2041 <sup>(a)</sup>  | 43 | 44 |
| Fannie Mae Pool #MA4502 2.50% 12/1/2041 <sup>(a)</sup>  | 13285 | 12234 |
| Fannie Mae Pool #AE1283 5.00% 12/1/2041 <sup>(a)</sup>  | 20 | 20 |
| Fannie Mae Pool #MA4521 2.50% 1/1/2042 <sup>(a)</sup>  | 16786 | 15450 |
| Fannie Mae Pool #MA4540 2.00% 2/1/2042 <sup>(a)</sup>  | 6120 | 5413 |
| Fannie Mae Pool #AE1290 5.00% 2/1/2042 <sup>(a)</sup>  | 59 | 61 |
| Fannie Mae Pool #MA4570 2.00% 3/1/2042 <sup>(a)</sup>  | 7718 | 6821 |
| Fannie Mae Pool #MA4586 2.00% 4/1/2042 <sup>(a)</sup>  | 2153 | 1903 |
| Fannie Mae Pool #AR1512 3.50% 1/1/2043 <sup>(a)</sup>  | 109 | 106 |
| Fannie Mae Pool #AT0412 3.50% 3/1/2043 <sup>(a)</sup>  | 48 | 46 |
| Fannie Mae Pool #AT0300 3.50% 3/1/2043 <sup>(a)</sup>  | 15 | 15 |
| Fannie Mae Pool #AT7457 3.025% 4/1/2043 <sup>(a)</sup>  | 154 | 145 |
| Fannie Mae Pool #AT3954 3.50% 4/1/2043 <sup>(a)</sup>  | 22 | 21 |
| Fannie Mae Pool #AT7470 2.275% 5/1/2043 <sup>(a)</sup>  | 89 | 80 |
| Fannie Mae Pool #AU0626 2.275% 6/1/2043 <sup>(a)</sup>  | 146 | 129 |
| Fannie Mae Pool #AT5898 3.00% 6/1/2043 <sup>(a)</sup>  | 2473 | 2331 |
| Fannie Mae Pool #AL3829 3.50% 6/1/2043 <sup>(a)</sup>  | 952 | 925 |

---

---

| | |
|:---|:---|
| **1** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #AT7161 3.50% 6/1/2043 <sup>(a)</sup>  | USD317 | $307 |
| Fannie Mae Pool #AU8120 2.275% 7/1/2043 <sup>(a)</sup>  | 64 | 57 |
| Fannie Mae Pool #AU8121 2.275% 8/1/2043 <sup>(a)</sup>  | 80 | 71 |
| Fannie Mae Pool #MA1583 4.00% 9/1/2043 <sup>(a)</sup>  | 1538 | 1532 |
| Fannie Mae Pool #AX8521 3.50% 12/1/2044 <sup>(a)</sup>  | 67 | 65 |
| Fannie Mae Pool #AY1829 3.50% 12/1/2044 <sup>(a)</sup>  | 26 | 25 |
| Fannie Mae Pool #BE5009 3.50% 1/1/2045 <sup>(a)</sup>  | 287 | 277 |
| Fannie Mae Pool #BE5017 3.50% 2/1/2045 <sup>(a)</sup>  | 575 | 555 |
| Fannie Mae Pool #MA5696 7.00% 3/1/2045 <sup>(a)</sup>  | 3959 | 4158 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(a)</sup>  | 926 | 894 |
| Fannie Mae Pool #BC0884 3.00% 5/1/2046 <sup>(a)</sup>  | 343 | 317 |
| Fannie Mae Pool #AS8310 3.00% 11/1/2046 <sup>(a)</sup>  | 603 | 565 |
| Fannie Mae Pool #BD2440 3.50% 1/1/2047 <sup>(a)</sup>  | 287 | 276 |
| Fannie Mae Pool #FS3767 2.00% 4/1/2047 <sup>(a)</sup>  | 6281 | 5326 |
| Fannie Mae Pool #BM1179 3.00% 4/1/2047 <sup>(a)</sup>  | 728 | 682 |
| Fannie Mae Pool #MA3002 4.50% 4/1/2047 <sup>(a)</sup>  | 575 | 560 |
| Fannie Mae Pool #BE8740 3.50% 5/1/2047 <sup>(a)</sup>  | 240 | 231 |
| Fannie Mae Pool #BE8742 3.50% 5/1/2047 <sup>(a)</sup>  | 62 | 60 |
| Fannie Mae Pool #BH2846 3.50% 5/1/2047 <sup>(a)</sup>  | 35 | 34 |
| Fannie Mae Pool #BH2848 3.50% 5/1/2047 <sup>(a)</sup>  | 31 | 30 |
| Fannie Mae Pool #BH2847 3.50% 5/1/2047 <sup>(a)</sup>  | 9 | 9 |
| Fannie Mae Pool #BH3122 4.00% 6/1/2047 <sup>(a)</sup>  | 12 | 12 |
| Fannie Mae Pool #BJ5015 4.00% 12/1/2047 <sup>(a)</sup>  | 601 | 594 |
| Fannie Mae Pool #BJ4901 3.50% 3/1/2048 <sup>(a)</sup>  | 176 | 169 |
| Fannie Mae Pool #BK5232 4.00% 5/1/2048 <sup>(a)</sup>  | 140 | 138 |
| Fannie Mae Pool #BK6840 4.00% 6/1/2048 <sup>(a)</sup>  | 492 | 486 |
| Fannie Mae Pool #BK9743 4.00% 8/1/2048 <sup>(a)</sup>  | 60 | 59 |
| Fannie Mae Pool #BK9761 4.50% 8/1/2048 <sup>(a)</sup>  | 75 | 76 |
| Fannie Mae Pool #CA2850 4.00% 12/1/2048 <sup>(a)</sup>  | 874 | 865 |
| Fannie Mae Pool #BF0320 5.50% 1/1/2049 <sup>(a)</sup>  | 1496 | 1567 |
| Fannie Mae Pool #FM3280 3.50% 5/1/2049 <sup>(a)</sup>  | 242 | 233 |
| Fannie Mae Pool #FM1062 3.50% 6/1/2049 <sup>(a)</sup>  | 3546 | 3414 |
| Fannie Mae Pool #BN6708 3.50% 6/1/2049 <sup>(a)</sup>  | 959 | 923 |
| Fannie Mae Pool #BJ8411 3.50% 8/1/2049 <sup>(a)</sup>  | 937 | 900 |
| Fannie Mae Pool #CA4151 3.50% 9/1/2049 <sup>(a)</sup>  | 4727 | 4549 |
| Fannie Mae Pool #FM1443 3.50% 9/1/2049 <sup>(a)</sup>  | 2653 | 2548 |
| Fannie Mae Pool #CA5575 4.00% 4/1/2050 <sup>(a)</sup>  | 18 | 18 |
| Fannie Mae Pool #BP3259 3.00% 5/1/2050 <sup>(a)</sup>  | 18 | 16 |
| Fannie Mae Pool #CA5968 2.50% 6/1/2050 <sup>(a)</sup>  | 1180 | 1044 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(a)</sup>  | 379 | 329 |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(a)</sup>  | 22 | 19 |
| Fannie Mae Pool #FM6649 3.00% 7/1/2050 <sup>(a)</sup>  | 430 | 390 |
| Fannie Mae Pool #FS3745 2.00% 8/1/2050 <sup>(a)</sup>  | 7945 | 6657 |
| Fannie Mae Pool #CA6593 2.50% 8/1/2050 <sup>(a)</sup>  | 3558 | 3149 |
| Fannie Mae Pool #CA6987 2.00% 9/1/2050 <sup>(a)</sup>  | 1931 | 1606 |
| Fannie Mae Pool #BP6715 2.00% 9/1/2050 <sup>(a)</sup>  | 1 | 1 |
| Fannie Mae Pool #FP0015 2.50% 9/1/2050 <sup>(a)</sup>  | 4 | 4 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(a)</sup>  | 444 | 406 |
| Fannie Mae Pool #FM4591 2.50% 10/1/2050 <sup>(a)</sup>  | 15067 | 13114 |
| Fannie Mae Pool #FP0034 2.50% 10/1/2050 <sup>(a)</sup>  | 98 | 85 |
| Fannie Mae Pool #FM4870 2.00% 11/1/2050 <sup>(a)</sup>  | 32 | 27 |
| Fannie Mae Pool #CA7737 2.50% 11/1/2050 <sup>(a)</sup>  | 35025 | 30827 |
| Fannie Mae Pool #BQ7564 2.50% 11/1/2050 <sup>(a)</sup>  | 56 | 49 |
| Fannie Mae Pool #CA8108 2.00% 12/1/2050 <sup>(a)</sup>  | 12205 | 10278 |
| Fannie Mae Pool #MA4208 2.00% 12/1/2050 <sup>(a)</sup>  | 839 | 703 |
| Fannie Mae Pool #BQ9291 2.00% 12/1/2050 <sup>(a)</sup>  | 783 | 650 |
| Fannie Mae Pool #FM5218 2.00% 12/1/2050 <sup>(a)</sup>  | 757 | 630 |
| Fannie Mae Pool #FM4783 2.00% 12/1/2050 <sup>(a)</sup>  | 284 | 236 |
| Fannie Mae Pool #BQ4077 2.00% 12/1/2050 <sup>(a)</sup>  | 145 | 121 |
| Fannie Mae Pool #CA8044 2.50% 12/1/2050 <sup>(a)</sup>  | 25540 | 22450 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(a)</sup>  | 142 | 143 |
| Fannie Mae Pool #BR1283 2.00% 1/1/2051 <sup>(a)</sup>  | 1440 | 1198 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(a)</sup>  | 739 | 618 |
| Fannie Mae Pool #CA8517 2.00% 1/1/2051 <sup>(a)</sup>  | 48 | 40 |
| Fannie Mae Pool #CA8862 2.50% 1/1/2051 <sup>(a)</sup>  | 28761 | 25448 |
| Fannie Mae Pool #FS2008 3.00% 1/1/2051 <sup>(a)</sup>  | 250 | 227 |

---

American Funds Mortgage Fund<sub>2</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #CA8820 2.00% 2/1/2051 <sup>(a)</sup>  | USD26,065 | $21948 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(a)</sup>  | 873 | 725 |
| Fannie Mae Pool #FM6112 2.50% 2/1/2051 <sup>(a)</sup>  | 25751 | 22588 |
| Fannie Mae Pool #CA8828 2.50% 2/1/2051 <sup>(a)</sup>  | 24158 | 21326 |
| Fannie Mae Pool #FM6128 2.50% 2/1/2051 <sup>(a)</sup>  | 413 | 359 |
| Fannie Mae Pool #FM6558 2.00% 3/1/2051 <sup>(a)</sup>  | 3835 | 3181 |
| Fannie Mae Pool #FS6474 2.00% 3/1/2051 <sup>(a)</sup>  | 2005 | 1665 |
| Fannie Mae Pool #FM6556 2.00% 3/1/2051 <sup>(a)</sup>  | 501 | 416 |
| Fannie Mae Pool #BR3319 2.00% 3/1/2051 <sup>(a)</sup>  | 30 | 25 |
| Fannie Mae Pool #BQ9471 2.50% 3/1/2051 <sup>(a)</sup>  | 3280 | 2855 |
| Fannie Mae Pool #BQ7729 2.50% 3/1/2051 <sup>(a)</sup>  | 695 | 604 |
| Fannie Mae Pool #CB0290 2.00% 4/1/2051 <sup>(a)</sup>  | 5602 | 4683 |
| Fannie Mae Pool #FM7210 2.00% 4/1/2051 <sup>(a)</sup>  | 1426 | 1183 |
| Fannie Mae Pool #BR7124 2.00% 4/1/2051 <sup>(a)</sup>  | 974 | 808 |
| Fannie Mae Pool #CB0153 2.00% 4/1/2051 <sup>(a)</sup>  | 285 | 237 |
| Fannie Mae Pool #FM6824 2.00% 4/1/2051 <sup>(a)</sup>  | 149 | 123 |
| Fannie Mae Pool #MA4305 2.00% 4/1/2051 <sup>(a)</sup>  | 40 | 33 |
| Fannie Mae Pool #FM6965 2.50% 4/1/2051 <sup>(a)</sup>  | 1735 | 1509 |
| Fannie Mae Pool #BR8501 2.50% 4/1/2051 <sup>(a)</sup>  | 373 | 324 |
| Fannie Mae Pool #BR8460 2.50% 4/1/2051 <sup>(a)</sup>  | 351 | 305 |
| Fannie Mae Pool #CB0041 3.00% 4/1/2051 <sup>(a)</sup>  | 4750 | 4398 |
| Fannie Mae Pool #FM7071 3.00% 4/1/2051 <sup>(a)</sup>  | 916 | 831 |
| Fannie Mae Pool #CB0381 2.00% 5/1/2051 <sup>(a)</sup>  | 5896 | 4892 |
| Fannie Mae Pool #FM7751 2.00% 5/1/2051 <sup>(a)</sup>  | 721 | 598 |
| Fannie Mae Pool #FM7411 2.00% 5/1/2051 <sup>(a)</sup>  | 120 | 100 |
| Fannie Mae Pool #BR1035 2.00% 5/1/2051 <sup>(a)</sup>  | 23 | 20 |
| Fannie Mae Pool #CB0457 2.50% 5/1/2051 <sup>(a)</sup>  | 4302 | 3782 |
| Fannie Mae Pool #FM7304 2.50% 5/1/2051 <sup>(a)</sup>  | 4279 | 3714 |
| Fannie Mae Pool #CB0455 2.50% 5/1/2051 <sup>(a)</sup>  | 693 | 606 |
| Fannie Mae Pool #FM7409 2.50% 5/1/2051 <sup>(a)</sup>  | 80 | 70 |
| Fannie Mae Pool #CB0535 3.00% 5/1/2051 <sup>(a)</sup>  | 31 | 28 |
| Fannie Mae Pool #FM8114 2.00% 6/1/2051 <sup>(a)</sup>  | 6729 | 5582 |
| Fannie Mae Pool #CB0844 2.50% 6/1/2051 <sup>(a)</sup>  | 756 | 656 |
| Fannie Mae Pool #CB0737 3.00% 6/1/2051 <sup>(a)</sup>  | 6733 | 6123 |
| Fannie Mae Pool #CB0850 3.00% 6/1/2051 <sup>(a)</sup>  | 4358 | 3990 |
| Fannie Mae Pool #BT1267 3.00% 6/1/2051 <sup>(a)</sup>  | 24 | 22 |
| Fannie Mae Pool #CB0738 3.00% 6/1/2051 <sup>(a)</sup>  | 19 | 17 |
| Fannie Mae Pool #FS3744 2.00% 7/1/2051 <sup>(a)</sup>  | 23497 | 19675 |
| Fannie Mae Pool #CB1186 2.00% 7/1/2051 <sup>(a)</sup>  | 9659 | 8056 |
| Fannie Mae Pool #FM7943 2.00% 7/1/2051 <sup>(a)</sup>  | 688 | 571 |
| Fannie Mae Pool #FM7900 2.50% 7/1/2051 <sup>(a)</sup>  | 1838 | 1629 |
| Fannie Mae Pool #FM8203 2.50% 7/1/2051 <sup>(a)</sup>  | 1442 | 1252 |
| Fannie Mae Pool #CB1134 2.50% 7/1/2051 <sup>(a)</sup>  | 1079 | 937 |
| Fannie Mae Pool #FM9330 3.00% 7/1/2051 <sup>(a)</sup>  | 27334 | 24912 |
| Fannie Mae Pool #CB0998 3.00% 7/1/2051 <sup>(a)</sup>  | 4806 | 4375 |
| Fannie Mae Pool #BT5004 3.00% 7/1/2051 <sup>(a)</sup>  | 286 | 260 |
| Fannie Mae Pool #CB1373 2.00% 8/1/2051 <sup>(a)</sup>  | 912 | 757 |
| Fannie Mae Pool #FM8197 2.00% 8/1/2051 <sup>(a)</sup>  | 457 | 379 |
| Fannie Mae Pool #FM8434 2.00% 8/1/2051 <sup>(a)</sup>  | 22 | 18 |
| Fannie Mae Pool #CB1394 2.50% 8/1/2051 <sup>(a)</sup>  | 385 | 334 |
| Fannie Mae Pool #FM8682 3.00% 8/1/2051 <sup>(a)</sup>  | 343 | 312 |
| Fannie Mae Pool #BT7309 2.00% 9/1/2051 <sup>(a)</sup>  | 1412 | 1172 |
| Fannie Mae Pool #CB1527 2.50% 9/1/2051 <sup>(a)</sup>  | 31833 | 27923 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(a)</sup>  | 2840 | 2465 |
| Fannie Mae Pool #FM8658 2.50% 9/1/2051 <sup>(a)</sup>  | 874 | 760 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(a)</sup>  | 144 | 125 |
| Fannie Mae Pool #FS5133 3.00% 9/1/2051 <sup>(a)</sup>  | 488 | 442 |
| Fannie Mae Pool #FA1591 2.00% 10/1/2051 <sup>(a)</sup>  | 97 | 80 |
| Fannie Mae Pool #FM8827 2.00% 10/1/2051 <sup>(a)</sup>  | 63 | 52 |
| Fannie Mae Pool #BT6781 2.50% 10/1/2051 <sup>(a)</sup>  | 706 | 613 |
| Fannie Mae Pool #FM9067 2.50% 10/1/2051 <sup>(a)</sup>  | 555 | 483 |
| Fannie Mae Pool #CA9558 2.50% 10/1/2051 <sup>(a)</sup>  | 57 | 49 |
| Fannie Mae Pool #FM8981 3.00% 10/1/2051 <sup>(a)</sup>  | 25213 | 22919 |
| Fannie Mae Pool #FS4628 3.00% 10/1/2051 <sup>(a)</sup>  | 6503 | 5937 |
| Fannie Mae Pool #CB1810 3.00% 10/1/2051 <sup>(a)</sup>  | 398 | 361 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(a)</sup>  | 2697 | 2246 |

---

---

| | |
|:---|:---|
| **3** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FS0394 2.00% 11/1/2051 <sup>(a)</sup>  | USD1,986 | $1652 |
| Fannie Mae Pool #FS0965 2.00% 11/1/2051 <sup>(a)</sup>  | 182 | 152 |
| Fannie Mae Pool #CB2092 2.50% 11/1/2051 <sup>(a)</sup>  | 14515 | 12597 |
| Fannie Mae Pool #FM9492 2.50% 11/1/2051 <sup>(a)</sup>  | 9844 | 8741 |
| Fannie Mae Pool #FM9694 2.50% 11/1/2051 <sup>(a)</sup>  | 4601 | 4103 |
| Fannie Mae Pool #CB2088 2.50% 11/1/2051 <sup>(a)</sup>  | 96 | 84 |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(a)</sup>  | 8523 | 7737 |
| Fannie Mae Pool #CB2096 3.00% 11/1/2051 <sup>(a)</sup>  | 1002 | 908 |
| Fannie Mae Pool #FS1069 2.00% 12/1/2051 <sup>(a)</sup>  | 1982 | 1644 |
| Fannie Mae Pool #FS0354 2.00% 12/1/2051 <sup>(a)</sup>  | 925 | 770 |
| Fannie Mae Pool #CB2361 2.00% 12/1/2051 <sup>(a)</sup>  | 368 | 305 |
| Fannie Mae Pool #FM9930 2.00% 12/1/2051 <sup>(a)</sup>  | 76 | 63 |
| Fannie Mae Pool #FS0433 2.50% 12/1/2051 <sup>(a)</sup>  | 27376 | 24500 |
| Fannie Mae Pool #FS2824 2.50% 12/1/2051 <sup>(a)</sup>  | 6837 | 5934 |
| Fannie Mae Pool #FM9804 2.50% 12/1/2051 <sup>(a)</sup>  | 5063 | 4506 |
| Fannie Mae Pool #CB2286 2.50% 12/1/2051 <sup>(a)</sup>  | 5008 | 4424 |
| Fannie Mae Pool #CB2400 2.50% 12/1/2051 <sup>(a)</sup>  | 853 | 742 |
| Fannie Mae Pool #FM9976 3.00% 12/1/2051 <sup>(a)</sup>  | 6804 | 6299 |
| Fannie Mae Pool #FM9921 3.00% 12/1/2051 <sup>(a)</sup>  | 3854 | 3490 |
| Fannie Mae Pool #CB2431 3.00% 12/1/2051 <sup>(a)</sup>  | 974 | 882 |
| Fannie Mae Pool #BU9528 3.50% 12/1/2051 <sup>(a)</sup>  | 28 | 27 |
| Fannie Mae Pool #BQ7041 2.00% 1/1/2052 <sup>(a)</sup>  | 6739 | 5590 |
| Fannie Mae Pool #BV0465 2.00% 1/1/2052 <sup>(a)</sup>  | 834 | 692 |
| Fannie Mae Pool #FS0490 2.00% 1/1/2052 <sup>(a)</sup>  | 30 | 25 |
| Fannie Mae Pool #FS4203 2.50% 1/1/2052 <sup>(a)</sup>  | 9559 | 8296 |
| Fannie Mae Pool #CB2644 2.50% 1/1/2052 <sup>(a)</sup>  | 2223 | 1930 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(a)</sup>  | 991 | 860 |
| Fannie Mae Pool #FS6479 2.50% 1/1/2052 <sup>(a)</sup>  | 165 | 143 |
| Fannie Mae Pool #CB2639 2.50% 1/1/2052 <sup>(a)</sup>  | 21 | 18 |
| Fannie Mae Pool #BV0902 2.50% 1/1/2052 <sup>(a)</sup>  | 20 | 18 |
| Fannie Mae Pool #CB2544 3.00% 1/1/2052 <sup>(a)</sup>  | 14619 | 13399 |
| Fannie Mae Pool #CB2666 3.00% 1/1/2052 <sup>(a)</sup>  | 9404 | 8521 |
| Fannie Mae Pool #CB2667 3.00% 1/1/2052 <sup>(a)</sup>  | 2644 | 2395 |
| Fannie Mae Pool #FS5127 3.00% 1/1/2052 <sup>(a)</sup>  | 387 | 350 |
| Fannie Mae Pool #BV3080 2.00% 2/1/2052 <sup>(a)</sup>  | 30282 | 25128 |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(a)</sup>  | 9082 | 7537 |
| Fannie Mae Pool #CB2765 2.00% 2/1/2052 <sup>(a)</sup>  | 7569 | 6327 |
| Fannie Mae Pool #BT6597 2.00% 2/1/2052 <sup>(a)</sup>  | 2620 | 2173 |
| Fannie Mae Pool #FS4251 2.00% 2/1/2052 <sup>(a)</sup>  | 1983 | 1672 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(a)</sup>  | 1995 | 1660 |
| Fannie Mae Pool #BU8256 2.00% 2/1/2052 <sup>(a)</sup>  | 1427 | 1184 |
| Fannie Mae Pool #BT1897 2.00% 2/1/2052 <sup>(a)</sup>  | 887 | 736 |
| Fannie Mae Pool #BU2630 2.00% 2/1/2052 <sup>(a)</sup>  | 584 | 485 |
| Fannie Mae Pool #BT2177 2.00% 2/1/2052 <sup>(a)</sup>  | 555 | 461 |
| Fannie Mae Pool #CB2927 2.00% 2/1/2052 <sup>(a)</sup>  | 340 | 283 |
| Fannie Mae Pool #BU7272 2.00% 2/1/2052 <sup>(a)</sup>  | 107 | 89 |
| Fannie Mae Pool #CB2850 2.00% 2/1/2052 <sup>(a)</sup>  | 35 | 29 |
| Fannie Mae Pool #CB2870 2.50% 2/1/2052 <sup>(a)</sup>  | 411 | 359 |
| Fannie Mae Pool #FS2660 2.50% 2/1/2052 <sup>(a)</sup>  | 88 | 76 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(a)</sup>  | 1239 | 1142 |
| Fannie Mae Pool #BU1320 3.00% 2/1/2052 <sup>(a)</sup>  | 732 | 664 |
| Fannie Mae Pool #CB2894 3.00% 2/1/2052 <sup>(a)</sup>  | 650 | 590 |
| Fannie Mae Pool #BU1319 3.00% 2/1/2052 <sup>(a)</sup>  | 496 | 450 |
| Fannie Mae Pool #BU8803 3.00% 2/1/2052 <sup>(a)</sup>  | 24 | 21 |
| Fannie Mae Pool #CB3040 2.00% 3/1/2052 <sup>(a)</sup>  | 2798 | 2327 |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(a)</sup>  | 1613 | 1339 |
| Fannie Mae Pool #CB3095 2.00% 3/1/2052 <sup>(a)</sup>  | 1427 | 1184 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(a)</sup>  | 801 | 666 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(a)</sup>  | 787 | 654 |
| Fannie Mae Pool #BT2052 2.00% 3/1/2052 <sup>(a)</sup>  | 159 | 132 |
| Fannie Mae Pool #BV4246 2.00% 3/1/2052 <sup>(a)</sup>  | 31 | 26 |
| Fannie Mae Pool #FS1978 2.50% 3/1/2052 <sup>(a)</sup>  | 11255 | 9768 |
| Fannie Mae Pool #FS5083 3.00% 3/1/2052 <sup>(a)</sup>  | 1267 | 1155 |
| Fannie Mae Pool #FA1161 3.00% 3/1/2052 <sup>(a)</sup>  | 757 | 686 |
| Fannie Mae Pool #BU8882 4.00% 3/1/2052 <sup>(a)</sup>  | 3988 | 3897 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(a)</sup>  | 22816 | 18974 |

---

American Funds Mortgage Fund<sub>4</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #BU8930 2.00% 4/1/2052 <sup>(a)</sup>  | USD3,168 | $2634 |
| Fannie Mae Pool #BV4658 2.00% 4/1/2052 <sup>(a)</sup>  | 179 | 149 |
| Fannie Mae Pool #FS6892 2.00% 4/1/2052 <sup>(a)</sup>  | 59 | 49 |
| Fannie Mae Pool #BV4651 2.00% 4/1/2052 <sup>(a)</sup>  | 30 | 25 |
| Fannie Mae Pool #FA3738 2.50% 4/1/2052 <sup>(a)</sup>  | 20137 | 17513 |
| Fannie Mae Pool #CB3260 2.50% 4/1/2052 <sup>(a)</sup>  | 788 | 687 |
| Fannie Mae Pool #FS4712 2.50% 4/1/2052 <sup>(a)</sup>  | 490 | 425 |
| Fannie Mae Pool #BV8126 2.50% 4/1/2052 <sup>(a)</sup>  | 143 | 125 |
| Fannie Mae Pool #CB3353 2.50% 4/1/2052 <sup>(a)</sup>  | 87 | 76 |
| Fannie Mae Pool #BQ7487 3.00% 4/1/2052 <sup>(a)</sup>  | 961 | 872 |
| Fannie Mae Pool #FS4198 3.00% 4/1/2052 <sup>(a)</sup>  | 447 | 405 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(a)</sup>  | 4475 | 4375 |
| Fannie Mae Pool #BU8948 4.00% 4/1/2052 <sup>(a)</sup>  | 36 | 35 |
| Fannie Mae Pool #FS9189 2.00% 5/1/2052 <sup>(a)</sup>  | 4457 | 3717 |
| Fannie Mae Pool #BV9643 2.00% 5/1/2052 <sup>(a)</sup>  | 2005 | 1665 |
| Fannie Mae Pool #BT2353 2.00% 5/1/2052 <sup>(a)</sup>  | 105 | 87 |
| Fannie Mae Pool #BT7826 2.50% 5/1/2052 <sup>(a)</sup>  | 654 | 568 |
| Fannie Mae Pool #FS5387 2.50% 5/1/2052 <sup>(a)</sup>  | 168 | 146 |
| Fannie Mae Pool #BV5578 3.00% 5/1/2052 <sup>(a)</sup>  | 8753 | 7940 |
| Fannie Mae Pool #BV7243 3.00% 5/1/2052 <sup>(a)</sup>  | 3433 | 3115 |
| Fannie Mae Pool #FS7060 3.00% 5/1/2052 <sup>(a)</sup>  | 881 | 798 |
| Fannie Mae Pool #CB3516 3.00% 5/1/2052 <sup>(a)</sup>  | 31 | 28 |
| Fannie Mae Pool #CB3678 4.00% 5/1/2052 <sup>(a)</sup>  | 225 | 219 |
| Fannie Mae Pool #FS6605 2.00% 6/1/2052 <sup>(a)</sup>  | 2954 | 2452 |
| Fannie Mae Pool #FS6031 2.00% 6/1/2052 <sup>(a)</sup>  | 1003 | 832 |
| Fannie Mae Pool #BV7784 2.00% 6/1/2052 <sup>(a)</sup>  | 57 | 47 |
| Fannie Mae Pool #FS5035 2.50% 6/1/2052 <sup>(a)</sup>  | 952 | 827 |
| Fannie Mae Pool #FS6633 3.00% 6/1/2052 <sup>(a)</sup>  | 595 | 539 |
| Fannie Mae Pool #BV8865 3.00% 6/1/2052 <sup>(a)</sup>  | 120 | 109 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(a)</sup>  | 9252 | 9027 |
| Fannie Mae Pool #MA4750 2.00% 7/1/2052 <sup>(a)</sup>  | 672 | 559 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(a)</sup>  | 113798 | 98802 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(a)</sup>  | 102878 | 89286 |
| Fannie Mae Pool #BW0002 2.50% 7/1/2052 <sup>(a)</sup>  | 282 | 246 |
| Fannie Mae Pool #FS7057 2.50% 7/1/2052 <sup>(a)</sup>  | 25 | 21 |
| Fannie Mae Pool #BW3384 3.00% 7/1/2052 <sup>(a)</sup>  | 23 | 21 |
| Fannie Mae Pool #MA4711 5.50% 7/1/2052 <sup>(a)</sup>  | 351 | 358 |
| Fannie Mae Pool #BV8015 2.50% 8/1/2052 <sup>(a)</sup>  | 23 | 20 |
| Fannie Mae Pool #FA2841 3.00% 8/1/2052 <sup>(a)</sup>  | 27158 | 24604 |
| Fannie Mae Pool #CB4357 3.00% 8/1/2052 <sup>(a)</sup>  | 984 | 891 |
| Fannie Mae Pool #BW7756 3.00% 8/1/2052 <sup>(a)</sup>  | 23 | 21 |
| Fannie Mae Pool #CB4418 5.50% 8/1/2052 <sup>(a)</sup>  | 375 | 382 |
| Fannie Mae Pool #BW9206 5.50% 8/1/2052 <sup>(a)</sup>  | 149 | 156 |
| Fannie Mae Pool #BW1195 3.00% 9/1/2052 <sup>(a)</sup>  | 3842 | 3481 |
| Fannie Mae Pool #FA1404 3.00% 9/1/2052 <sup>(a)</sup>  | 539 | 489 |
| Fannie Mae Pool #BW7713 4.00% 9/1/2052 <sup>(a)</sup>  | 748 | 729 |
| Fannie Mae Pool #CB5378 4.00% 9/1/2052 <sup>(a)</sup>  | 460 | 450 |
| Fannie Mae Pool #BW6230 4.00% 9/1/2052 <sup>(a)</sup>  | 267 | 260 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(a)</sup>  | 9072 | 9221 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(a)</sup>  | 4462 | 3714 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(a)</sup>  | 2899 | 2959 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(a)</sup>  | 2670 | 2727 |
| Fannie Mae Pool #BX1223 5.50% 10/1/2052 <sup>(a)</sup>  | 308 | 317 |
| Fannie Mae Pool #BX1488 5.50% 10/1/2052 <sup>(a)</sup>  | 139 | 144 |
| Fannie Mae Pool #CB5020 5.50% 10/1/2052 <sup>(a)</sup>  | 59 | 60 |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(a)</sup>  | 277 | 275 |
| Fannie Mae Pool #FS3256 6.00% 11/1/2052 <sup>(a)</sup>  | 58 | 60 |
| Fannie Mae Pool #BW1392 3.00% 12/1/2052 <sup>(a)</sup>  | 910 | 825 |
| Fannie Mae Pool #FS3526 4.00% 12/1/2052 <sup>(a)</sup>  | 177 | 173 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(a)</sup>  | 3906 | 3992 |
| Fannie Mae Pool #MA4894 6.00% 1/1/2053 <sup>(a)</sup>  | 26068 | 26881 |
| Fannie Mae Pool #BX5931 6.00% 1/1/2053 <sup>(a)</sup>  | 3385 | 3496 |
| Fannie Mae Pool #CB5545 6.50% 1/1/2053 <sup>(a)</sup>  | 3338 | 3506 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(a)</sup>  | 7819 | 7982 |
| Fannie Mae Pool #BX4108 5.50% 2/1/2053 <sup>(a)</sup>  | 640 | 653 |
| Fannie Mae Pool #BX5097 5.50% 2/1/2053 <sup>(a)</sup>  | 564 | 575 |

---

---

| | |
|:---|:---|
| **5** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FS3759 6.00% 2/1/2053 <sup>(a)</sup>  | USD7,955 | $8355 |
| Fannie Mae Pool #MA4920 6.00% 2/1/2053 <sup>(a)</sup>  | 677 | 699 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(a)</sup>  | 1485 | 1523 |
| Fannie Mae Pool #BX7779 5.50% 3/1/2053 <sup>(a)</sup>  | 699 | 715 |
| Fannie Mae Pool #BX8835 5.50% 3/1/2053 <sup>(a)</sup>  | 697 | 710 |
| Fannie Mae Pool #BX8514 5.50% 3/1/2053 <sup>(a)</sup>  | 610 | 623 |
| Fannie Mae Pool #BX8389 5.50% 3/1/2053 <sup>(a)</sup>  | 555 | 568 |
| Fannie Mae Pool #BX9427 5.50% 3/1/2053 <sup>(a)</sup>  | 196 | 201 |
| Fannie Mae Pool #MA4941 5.50% 3/1/2053 <sup>(a)</sup>  | 35 | 36 |
| Fannie Mae Pool #CB5912 6.00% 3/1/2053 <sup>(a)</sup>  | 6440 | 6668 |
| Fannie Mae Pool #MA4942 6.00% 3/1/2053 <sup>(a)</sup>  | 337 | 349 |
| Fannie Mae Pool #BX8781 6.00% 3/1/2053 <sup>(a)</sup>  | 303 | 313 |
| Fannie Mae Pool #MA4979 5.50% 4/1/2053 <sup>(a)</sup>  | 14761 | 15065 |
| Fannie Mae Pool #BY2795 5.50% 4/1/2053 <sup>(a)</sup>  | 555 | 566 |
| Fannie Mae Pool #MA4980 6.00% 4/1/2053 <sup>(a)</sup>  | 16904 | 17426 |
| Fannie Mae Pool #BX8415 6.00% 4/1/2053 <sup>(a)</sup>  | 192 | 200 |
| Fannie Mae Pool #BW5278 6.00% 4/1/2053 <sup>(a)</sup>  | 44 | 45 |
| Fannie Mae Pool #CB6131 6.50% 4/1/2053 <sup>(a)</sup>  | 14074 | 14899 |
| Fannie Mae Pool #CB6106 6.50% 4/1/2053 <sup>(a)</sup>  | 4412 | 4673 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(a)</sup>  | 3978 | 4029 |
| Fannie Mae Pool #MA5009 5.00% 5/1/2053 <sup>(a)</sup>  | 3436 | 3463 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(a)</sup>  | 5019 | 5122 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(a)</sup>  | 100 | 102 |
| Fannie Mae Pool #BY0849 5.50% 5/1/2053 <sup>(a)</sup>  | 21 | 21 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(a)</sup>  | 25182 | 26062 |
| Fannie Mae Pool #FS4736 6.50% 5/1/2053 <sup>(a)</sup>  | 196 | 204 |
| Fannie Mae Pool #CB6471 4.50% 6/1/2053 <sup>(a)</sup>  | 2882 | 2861 |
| Fannie Mae Pool #MA5038 5.00% 6/1/2053 <sup>(a)</sup>  | 80 | 81 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(a)</sup>  | 36706 | 37458 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(a)</sup>  | 4447 | 4526 |
| Fannie Mae Pool #BY3521 5.50% 6/1/2053 <sup>(a)</sup>  | 743 | 757 |
| Fannie Mae Pool #MA5040 6.00% 6/1/2053 <sup>(a)</sup>  | 48962 | 50522 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(a)</sup>  | 10918 | 11259 |
| Fannie Mae Pool #FS4932 6.00% 6/1/2053 <sup>(a)</sup>  | 7088 | 7329 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(a)</sup>  | 6935 | 7165 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(a)</sup>  | 5035 | 5214 |
| Fannie Mae Pool #FS4775 6.00% 6/1/2053 <sup>(a)</sup>  | 70 | 72 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(a)</sup>  | 4007 | 4198 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(a)</sup>  | 1476 | 1537 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(a)</sup>  | 1170 | 1225 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(a)</sup>  | 4030 | 3349 |
| Fannie Mae Pool #FS9167 2.50% 7/1/2053 <sup>(a)</sup>  | 68 | 59 |
| Fannie Mae Pool #MA5130 3.00% 7/1/2053 <sup>(a)</sup>  | 3711 | 3362 |
| Fannie Mae Pool #MA5131 3.50% 7/1/2053 <sup>(a)</sup>  | 180 | 170 |
| Fannie Mae Pool #MA5071 5.00% 7/1/2053 <sup>(a)</sup>  | 717 | 723 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(a)</sup>  | 33691 | 34365 |
| Fannie Mae Pool #FS5343 6.00% 7/1/2053 <sup>(a)</sup>  | 32333 | 33420 |
| Fannie Mae Pool #MA5073 6.00% 7/1/2053 <sup>(a)</sup>  | 142 | 147 |
| Fannie Mae Pool #CB6766 6.50% 7/1/2053 <sup>(a)</sup>  | 23242 | 24545 |
| Fannie Mae Pool #AS0745 3.50% 8/1/2053 <sup>(a)</sup>  | 339 | 321 |
| Fannie Mae Pool #BY8293 6.00% 8/1/2053 <sup>(a)</sup>  | 2923 | 3006 |
| Fannie Mae Pool #FS5769 6.00% 9/1/2053 <sup>(a)</sup>  | 12272 | 12705 |
| Fannie Mae Pool #CB7122 6.00% 9/1/2053 <sup>(a)</sup>  | 3650 | 3763 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(a)</sup>  | 221 | 228 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(a)</sup>  | 17056 | 17562 |
| Fannie Mae Pool #CB7242 6.50% 10/1/2053 <sup>(a)</sup>  | 3179 | 3311 |
| Fannie Mae Pool #MA5167 6.50% 10/1/2053 <sup>(a)</sup>  | 1630 | 1697 |
| Fannie Mae Pool #MA5190 5.50% 11/1/2053 <sup>(a)</sup>  | 15727 | 16035 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(a)</sup>  | 285 | 291 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(a)</sup>  | 7852 | 8059 |
| Fannie Mae Pool #CB7438 6.00% 11/1/2053 <sup>(a)</sup>  | 3788 | 3907 |
| Fannie Mae Pool #CB7480 6.00% 11/1/2053 <sup>(a)</sup>  | 2728 | 2811 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(a)</sup>  | 4351 | 4540 |
| Fannie Mae Pool #CB7510 6.50% 11/1/2053 <sup>(a)</sup>  | 2328 | 2445 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(a)</sup>  | 187 | 195 |
| Fannie Mae Pool #MA5215 5.50% 12/1/2053 <sup>(a)</sup>  | 5299 | 5401 |

---

American Funds Mortgage Fund<sub>6</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #CB7617 6.00% 12/1/2053 <sup>(a)</sup>  | USD24,217 | $24945 |
| Fannie Mae Pool #MA5216 6.00% 12/1/2053 <sup>(a)</sup>  | 6104 | 6284 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(a)</sup>  | 3528 | 3723 |
| Fannie Mae Pool #FS6880 6.00% 1/1/2054 <sup>(a)</sup>  | 8303 | 8562 |
| Fannie Mae Pool #CB7862 6.00% 1/1/2054 <sup>(a)</sup>  | 3358 | 3458 |
| Fannie Mae Pool #MA5247 6.00% 1/1/2054 <sup>(a)</sup>  | 2089 | 2150 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(a)</sup>  | 19233 | 20010 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(a)</sup>  | 9271 | 9772 |
| Fannie Mae Pool #FS6763 6.50% 1/1/2054 <sup>(a)</sup>  | 869 | 915 |
| Fannie Mae Pool #FS7990 4.00% 2/1/2054 <sup>(a)</sup>  | 6509 | 6333 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(a)</sup>  | 148 | 151 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(a)</sup>  | 45908 | 47317 |
| Fannie Mae Pool #FS7031 6.00% 2/1/2054 <sup>(a)</sup>  | 6015 | 6229 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(a)</sup>  | 15307 | 15904 |
| Fannie Mae Pool #FS7162 6.50% 2/1/2054 <sup>(a)</sup>  | 410 | 431 |
| Fannie Mae Pool #MA5274 7.00% 2/1/2054 <sup>(a)</sup>  | 388 | 407 |
| Fannie Mae Pool #CB8143 5.50% 3/1/2054 <sup>(a)</sup>  | 22680 | 23263 |
| Fannie Mae Pool #CB8148 5.50% 3/1/2054 <sup>(a)</sup>  | 10373 | 10614 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(a)</sup>  | 6773 | 6895 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(a)</sup>  | 11640 | 12010 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(a)</sup>  | 7932 | 8170 |
| Fannie Mae Pool #CB8153 6.00% 3/1/2054 <sup>(a)</sup>  | 3053 | 3187 |
| Fannie Mae Pool #FS7653 6.50% 3/1/2054 <sup>(a)</sup>  | 2720 | 2871 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(a)</sup>  | 26608 | 27136 |
| Fannie Mae Pool #CB8328 5.50% 4/1/2054 <sup>(a)</sup>  | 22425 | 23001 |
| Fannie Mae Pool #MA5331 5.50% 4/1/2054 <sup>(a)</sup>  | 717 | 730 |
| Fannie Mae Pool #CB8387 6.50% 4/1/2054 <sup>(a)</sup>  | 1134 | 1187 |
| Fannie Mae Pool #DB2495 6.00% 5/1/2054 <sup>(a)</sup>  | 853 | 876 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(a)</sup>  | 13558 | 13798 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(a)</sup>  | 1024 | 1054 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(a)</sup>  | 20939 | 21825 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(a)</sup>  | 6043 | 6242 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(a)</sup>  | 1777 | 1829 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(a)</sup>  | 1533 | 1587 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(a)</sup>  | 1097 | 1127 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(a)</sup>  | 22519 | 23557 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(a)</sup>  | 12801 | 13299 |
| Fannie Mae Pool #FS8229 6.50% 6/1/2054 <sup>(a)</sup>  | 7749 | 8190 |
| Fannie Mae Pool #DB5480 6.50% 6/1/2054 <sup>(a)</sup>  | 49 | 51 |
| Fannie Mae Pool #DB5039 6.50% 6/1/2054 <sup>(a)</sup>  | 10 | 10 |
| Fannie Mae Pool #CB8748 7.00% 6/1/2054 <sup>(a)</sup>  | 8341 | 8760 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(a)</sup>  | 4020 | 4115 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(a)</sup>  | 1014 | 1038 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(a)</sup>  | 575 | 585 |
| Fannie Mae Pool #MA5420 5.50% 7/1/2054 <sup>(a)</sup>  | 89 | 90 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(a)</sup>  | 30103 | 30908 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(a)</sup>  | 11296 | 11694 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(a)</sup>  | 10143 | 10478 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(a)</sup>  | 5228 | 5457 |
| Fannie Mae Pool #FS8591 6.00% 7/1/2054 <sup>(a)</sup>  | 4412 | 4595 |
| Fannie Mae Pool #DB5214 6.00% 7/1/2054 <sup>(a)</sup>  | 2103 | 2162 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(a)</sup>  | 1624 | 1668 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(a)</sup>  | 1298 | 1340 |
| Fannie Mae Pool #BU4707 6.00% 7/1/2054 <sup>(a)</sup>  | 898 | 923 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(a)</sup>  | 669 | 687 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(a)</sup>  | 34351 | 35934 |
| Fannie Mae Pool #FS8619 6.50% 7/1/2054 <sup>(a)</sup>  | 17362 | 18285 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(a)</sup>  | 9908 | 10335 |
| Fannie Mae Pool #FS8607 6.50% 7/1/2054 <sup>(a)</sup>  | 9357 | 9825 |
| Fannie Mae Pool #MA5422 6.50% 7/1/2054 <sup>(a)</sup>  | 8626 | 8962 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(a)</sup>  | 5208 | 5484 |
| Fannie Mae Pool #FS8786 6.50% 7/1/2054 <sup>(a)</sup>  | 1803 | 1895 |
| Fannie Mae Pool #CB8977 5.00% 8/1/2054 <sup>(a)</sup>  | 241 | 244 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(a)</sup>  | 15198 | 15606 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(a)</sup>  | 6516 | 6693 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(a)</sup>  | 4799 | 4998 |

---

---

| | |
|:---|:---|
| **7** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #DC0299 6.00% 8/1/2054 <sup>(a)</sup>  | USD2,784 | $2860 |
| Fannie Mae Pool #DB7692 6.00% 8/1/2054 <sup>(a)</sup>  | 2525 | 2597 |
| Fannie Mae Pool #FS8792 6.00% 8/1/2054 <sup>(a)</sup>  | 2467 | 2551 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(a)</sup>  | 2125 | 2187 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(a)</sup>  | 1971 | 2036 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(a)</sup>  | 1632 | 1680 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(a)</sup>  | 663 | 686 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(a)</sup>  | 571 | 595 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(a)</sup>  | 513 | 535 |
| Fannie Mae Pool #DB7792 6.00% 8/1/2054 <sup>(a)</sup>  | 521 | 534 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(a)</sup>  | 455 | 467 |
| Fannie Mae Pool #DC1075 6.00% 8/1/2054 <sup>(a)</sup>  | 258 | 265 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(a)</sup>  | 12900 | 13483 |
| Fannie Mae Pool #FS8934 6.50% 8/1/2054 <sup>(a)</sup>  | 9745 | 10255 |
| Fannie Mae Pool #FS8788 6.50% 8/1/2054 <sup>(a)</sup>  | 7545 | 7952 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(a)</sup>  | 5672 | 5956 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(a)</sup>  | 1142 | 1186 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(a)</sup>  | 10528 | 10718 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(a)</sup>  | 8519 | 8668 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(a)</sup>  | 8142 | 8376 |
| Fannie Mae Pool #FS9001 5.50% 9/1/2054 <sup>(a)</sup>  | 6973 | 7180 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(a)</sup>  | 6098 | 6239 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(a)</sup>  | 34 | 34 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(a)</sup>  | 3005 | 3105 |
| Fannie Mae Pool #DC1547 6.00% 9/1/2054 <sup>(a)</sup>  | 581 | 597 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(a)</sup>  | 354 | 363 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(a)</sup>  | 180 | 185 |
| Fannie Mae Pool #DC1873 6.00% 9/1/2054 <sup>(a)</sup>  | 8 | 8 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(a)</sup>  | 3561 | 3700 |
| Fannie Mae Pool #DC1613 5.50% 10/1/2054 <sup>(a)</sup>  | 3837 | 3902 |
| Fannie Mae Pool #DC1777 5.50% 10/1/2054 <sup>(a)</sup>  | 2400 | 2461 |
| Fannie Mae Pool #DC4451 5.50% 10/1/2054 <sup>(a)</sup>  | 1664 | 1702 |
| Fannie Mae Pool #BU5166 6.00% 10/1/2054 <sup>(a)</sup>  | 7092 | 7320 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(a)</sup>  | 6883 | 7068 |
| Fannie Mae Pool #BU5049 6.50% 10/1/2054 <sup>(a)</sup>  | 3554 | 3729 |
| Fannie Mae Pool #MA5530 5.00% 11/1/2054 <sup>(a)</sup>  | 8949 | 9004 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(a)</sup>  | 5780 | 5908 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(a)</sup>  | 2443 | 2486 |
| Fannie Mae Pool #DC5696 6.00% 11/1/2054 <sup>(a)</sup>  | 22043 | 22625 |
| Fannie Mae Pool #CB9432 6.00% 11/1/2054 <sup>(a)</sup>  | 17644 | 18240 |
| Fannie Mae Pool #DC6459 6.00% 11/1/2054 <sup>(a)</sup>  | 333 | 341 |
| Fannie Mae Pool #DC3867 6.00% 11/1/2054 <sup>(a)</sup>  | 120 | 123 |
| Fannie Mae Pool #BU5361 5.00% 12/1/2054 <sup>(a)</sup>  | 5589 | 5650 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(a)</sup>  | 6984 | 7138 |
| Fannie Mae Pool #BU5234 5.50% 12/1/2054 <sup>(a)</sup>  | 4882 | 4990 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(a)</sup>  | 51916 | 53285 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(a)</sup>  | 1328 | 1363 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(a)</sup>  | 1310 | 1345 |
| Fannie Mae Pool #DC8824 6.00% 12/1/2054 <sup>(a)</sup>  | 685 | 703 |
| Fannie Mae Pool #FP0130 6.50% 12/1/2054 <sup>(a)</sup>  | 15657 | 16266 |
| Fannie Mae Pool #CB9737 5.00% 1/1/2055 <sup>(a)</sup>  | 9672 | 9778 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(a)</sup>  | 21283 | 21844 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(a)</sup>  | 1292 | 1326 |
| Fannie Mae Pool #FP0137 6.50% 1/1/2055 <sup>(a)</sup>  | 123 | 128 |
| Fannie Mae Pool #DD1917 7.00% 1/1/2055 <sup>(a)</sup>  | 5484 | 5767 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(a)</sup>  | 66482 | 67630 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(a)</sup>  | 79091 | 81202 |
| Fannie Mae Pool #FA0643 6.50% 2/1/2055 <sup>(a)</sup>  | 6881 | 7191 |
| Fannie Mae Pool #MA5631 6.50% 2/1/2055 <sup>(a)</sup>  | 140 | 145 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(a)</sup>  | 18376 | 18867 |
| Fannie Mae Pool #DD3786 6.00% 3/1/2055 <sup>(a)</sup>  | 919 | 944 |
| Fannie Mae Pool #DD4340 6.00% 3/1/2055 <sup>(a)</sup>  | 398 | 408 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(a)</sup>  | 108874 | 113109 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(a)</sup>  | 8851 | 9208 |
| Fannie Mae Pool #MA5673 5.50% 4/1/2055 <sup>(a)</sup>  | 1145 | 1165 |

---

American Funds Mortgage Fund<sub>8</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(a)</sup>  | USD72,788 | $74709 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(a)</sup>  | 267 | 275 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(a)</sup>  | 267 | 274 |
| Fannie Mae Pool #DD6277 7.00% 4/1/2055 <sup>(a)</sup>  | 989 | 1044 |
| Fannie Mae Pool #MA5676 7.00% 4/1/2055 <sup>(a)</sup>  | 128 | 135 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(a)</sup>  | 6627 | 6666 |
| Fannie Mae Pool #DD7817 5.50% 5/1/2055 <sup>(a)</sup>  | 2543 | 2586 |
| Fannie Mae Pool #MA5700 5.50% 5/1/2055 <sup>(a)</sup>  | 194 | 198 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(a)</sup>  | 144696 | 148514 |
| Fannie Mae Pool #DD8500 6.00% 5/1/2055 <sup>(a)</sup>  | 7434 | 7645 |
| Fannie Mae Pool #DD9150 6.00% 5/1/2055 <sup>(a)</sup>  | 437 | 449 |
| Fannie Mae Pool #DD8411 7.00% 5/1/2055 <sup>(a)</sup>  | 1750 | 1840 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(a)</sup>  | 3372 | 3392 |
| Fannie Mae Pool #MA5735 5.50% 6/1/2055 <sup>(a)</sup>  | 72295 | 73533 |
| Fannie Mae Pool #MA5737 6.50% 6/1/2055 <sup>(a)</sup>  | 14835 | 15412 |
| Fannie Mae Pool #MA5738 7.00% 6/1/2055 <sup>(a)</sup>  | 4978 | 5228 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(a)</sup>  | 2630 | 2700 |
| Fannie Mae Pool #DE1549 6.00% 7/1/2055 <sup>(a)</sup>  | 496 | 510 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(a)</sup>  | 70141 | 72912 |
| Fannie Mae Pool #MA5763 7.00% 7/1/2055 <sup>(a)</sup>  | 3000 | 3151 |
| Fannie Mae Pool #BV6163 3.50% 8/1/2055 <sup>(a)</sup>  | 693 | 654 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(a)</sup>  | 30196 | 30713 |
| Fannie Mae Pool #CC0859 5.50% 8/1/2055 <sup>(a)</sup>  | 4628 | 4758 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(a)</sup>  | 11850 | 12163 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(a)</sup>  | 1311 | 1368 |
| Fannie Mae Pool #MA5846 7.00% 8/1/2055 <sup>(a)</sup>  | 2696 | 2752 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(a)</sup>  | 4337 | 4410 |
| Fannie Mae Pool #MA5823 6.00% 9/1/2055 <sup>(a)</sup>  | 197 | 202 |
| Fannie Mae Pool #MA5853 5.50% 10/1/2055 <sup>(a)</sup>  | 2889 | 2938 |
| Fannie Mae Pool #DF2564 5.50% 12/1/2055 <sup>(a)</sup>  | 2727 | 2773 |
| Fannie Mae Pool #BF0133 4.00% 8/1/2056 <sup>(a)</sup>  | 16607 | 16205 |
| Fannie Mae Pool #BF0379 3.50% 4/1/2059 <sup>(a)</sup>  | 2672 | 2503 |
| Fannie Mae Pool #BM6693 3.50% 8/1/2059 <sup>(a)</sup>  | 44792 | 41965 |
| Fannie Mae Pool #BF0481 3.50% 6/1/2060 <sup>(a)</sup>  | 1752 | 1641 |
| Fannie Mae Pool #BF0480 3.50% 6/1/2060 <sup>(a)</sup>  | 1118 | 1047 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(a)</sup>  | 1365 | 1217 |
| Fannie Mae Pool #BF0546 2.50% 7/1/2061 <sup>(a)</sup>  | 22078 | 18686 |
| Fannie Mae Pool #BF0585 4.50% 12/1/2061 <sup>(a)</sup>  | 3507 | 3474 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(a)</sup>  | 17167 | 15199 |
| Fannie Mae Pool #BF0765 3.50% 9/1/2063 <sup>(a)</sup>  | 106346 | 98709 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(a)</sup>  | 5417 | 5028 |
| Fannie Mae Pool #BF0786 4.00% 12/1/2063 <sup>(a)</sup>  | 6810 | 6550 |
| FARM Mortgage Trust, Series 2024-1, Class A, 4.676% 10/1/2053 <sup>(a)(c)(d)</sup>  | 16283 | 15976 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.191% 8/1/2054 <sup>(a)(c)(d)</sup>  | 7730 | 7893 |
| Freddie Mac Pool #ZA1944 6.50% 6/1/2026 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #ZA2045 6.50% 1/1/2028 <sup>(a)</sup>  | 2 | 2 |
| Freddie Mac Pool #ZA2066 6.50% 3/1/2028 <sup>(a)</sup>  | 5 | 5 |
| Freddie Mac Pool #ZA2096 6.50% 11/1/2028 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #ZS8675 2.50% 11/1/2032 <sup>(a)</sup>  | 4 | 4 |
| Freddie Mac Pool #C91593 2.50% 12/1/2032 <sup>(a)</sup>  | 18 | 17 |
| Freddie Mac Pool #ZS0839 6.50% 12/1/2032 <sup>(a)</sup>  | 4 | 4 |
| Freddie Mac Pool #ZS8087 2.50% 4/1/2033 <sup>(a)</sup>  | 13 | 12 |
| Freddie Mac Pool #C91720 2.50% 8/1/2033 <sup>(a)</sup>  | 36 | 34 |
| Freddie Mac Pool #ZS8710 3.00% 8/1/2033 <sup>(a)</sup>  | 1 | 1 |
| Freddie Mac Pool #SB8041 3.00% 4/1/2035 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #ZS4189 6.50% 6/1/2035 <sup>(a)</sup>  | — <br><sup>(b)</sup><br>| — <br><sup>(b)</sup><br>|
| Freddie Mac Pool #K93558 4.00% 5/1/2036 <sup>(a)</sup>  | 334 | 332 |
| Freddie Mac Pool #C91877 4.00% 5/1/2036 <sup>(a)</sup>  | 230 | 230 |
| Freddie Mac Pool #C91899 4.00% 9/1/2036 <sup>(a)</sup>  | 386 | 386 |
| Freddie Mac Pool #QO0557 2.50% 7/1/2037 <sup>(a)</sup>  | 1986 | 1895 |
| Freddie Mac Pool #SB1388 2.50% 1/1/2038 <sup>(a)</sup>  | 151 | 144 |
| Freddie Mac Pool #G03699 6.00% 1/1/2038 <sup>(a)</sup>  | 39 | 42 |
| Freddie Mac Pool #RB5113 1.50% 6/1/2041 <sup>(a)</sup>  | 108972 | 94459 |
| Freddie Mac Pool #RB5115 2.50% 6/1/2041 <sup>(a)</sup>  | 21631 | 19891 |
| Freddie Mac Pool #QK1181 2.00% 11/1/2041 <sup>(a)</sup>  | 1732 | 1534 |
| Freddie Mac Pool #RB5138 2.00% 12/1/2041 <sup>(a)</sup>  | 22342 | 19733 |

---

---

| | |
|:---|:---|
| **9** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #RB5145 2.00% 2/1/2042 <sup>(a)</sup>  | USD6,829 | $6023 |
| Freddie Mac Pool #RB5148 2.00% 3/1/2042 <sup>(a)</sup>  | 14713 | 13004 |
| Freddie Mac Pool #RB5153 2.00% 4/1/2042 <sup>(a)</sup>  | 2095 | 1851 |
| Freddie Mac Pool #Q15874 4.00% 2/1/2043 <sup>(a)</sup>  | 7 | 7 |
| Freddie Mac Pool #Q17696 3.50% 4/1/2043 <sup>(a)</sup>  | 120 | 117 |
| Freddie Mac Pool #Q18236 3.50% 5/1/2043 <sup>(a)</sup>  | 315 | 306 |
| Freddie Mac Pool #Q19133 3.50% 6/1/2043 <sup>(a)</sup>  | 124 | 120 |
| Freddie Mac Pool #Q28558 3.50% 9/1/2044 <sup>(a)</sup>  | 1227 | 1187 |
| Freddie Mac Pool #ZS4616 2.50% 5/1/2045 <sup>(a)</sup>  | 99 | 89 |
| Freddie Mac Pool #760014 4.632% 8/1/2045 <sup>(a)(d)</sup>  | 758 | 765 |
| Freddie Mac Pool #G60238 3.50% 10/1/2045 <sup>(a)</sup>  | 3635 | 3522 |
| Freddie Mac Pool #G67700 3.50% 8/1/2046 <sup>(a)</sup>  | 1365 | 1315 |
| Freddie Mac Pool #ZM1663 2.50% 9/1/2046 <sup>(a)</sup>  | 11 | 9 |
| Freddie Mac Pool #T65389 3.50% 9/1/2046 <sup>(a)</sup>  | 38 | 36 |
| Freddie Mac Pool #ZM1953 2.50% 10/1/2046 <sup>(a)</sup>  | 28 | 25 |
| Freddie Mac Pool #ZM2569 2.50% 1/1/2047 <sup>(a)</sup>  | 37 | 33 |
| Freddie Mac Pool #Q45650 3.50% 1/1/2047 <sup>(a)</sup>  | 5355 | 5196 |
| Freddie Mac Pool #ZS4711 2.50% 2/1/2047 <sup>(a)</sup>  | 47 | 42 |
| Freddie Mac Pool #Q47615 3.50% 4/1/2047 <sup>(a)</sup>  | 236 | 224 |
| Freddie Mac Pool #ZA4953 2.50% 7/1/2047 <sup>(a)</sup>  | 10 | 9 |
| Freddie Mac Pool #T65448 4.00% 9/1/2047 <sup>(a)</sup>  | 583 | 566 |
| Freddie Mac Pool #Q51622 3.50% 10/1/2047 <sup>(a)</sup>  | 237 | 225 |
| Freddie Mac Pool #Q52069 3.50% 11/1/2047 <sup>(a)</sup>  | 647 | 622 |
| Freddie Mac Pool #Q55056 3.50% 3/1/2048 <sup>(a)</sup>  | 412 | 396 |
| Freddie Mac Pool #Q54701 3.50% 3/1/2048 <sup>(a)</sup>  | 222 | 213 |
| Freddie Mac Pool #Q54709 3.50% 3/1/2048 <sup>(a)</sup>  | 215 | 206 |
| Freddie Mac Pool #Q54700 3.50% 3/1/2048 <sup>(a)</sup>  | 184 | 177 |
| Freddie Mac Pool #Q54781 3.50% 3/1/2048 <sup>(a)</sup>  | 130 | 125 |
| Freddie Mac Pool #Q54782 3.50% 3/1/2048 <sup>(a)</sup>  | 99 | 95 |
| Freddie Mac Pool #Q54699 3.50% 3/1/2048 <sup>(a)</sup>  | 94 | 90 |
| Freddie Mac Pool #Q54831 3.50% 3/1/2048 <sup>(a)</sup>  | 65 | 63 |
| Freddie Mac Pool #Q54698 3.50% 3/1/2048 <sup>(a)</sup>  | 60 | 58 |
| Freddie Mac Pool #G67711 4.00% 3/1/2048 <sup>(a)</sup>  | 10312 | 10172 |
| Freddie Mac Pool #Q55060 3.50% 4/1/2048 <sup>(a)</sup>  | 54 | 52 |
| Freddie Mac Pool #Q55971 4.00% 5/1/2048 <sup>(a)</sup>  | 124 | 123 |
| Freddie Mac Pool #Q56175 4.00% 5/1/2048 <sup>(a)</sup>  | 101 | 100 |
| Freddie Mac Pool #Q55970 4.00% 5/1/2048 <sup>(a)</sup>  | 59 | 59 |
| Freddie Mac Pool #Q56590 3.50% 6/1/2048 <sup>(a)</sup>  | 119 | 115 |
| Freddie Mac Pool #Q56589 3.50% 6/1/2048 <sup>(a)</sup>  | 71 | 68 |
| Freddie Mac Pool #Q56591 3.50% 6/1/2048 <sup>(a)</sup>  | 52 | 50 |
| Freddie Mac Pool #Q56599 4.00% 6/1/2048 <sup>(a)</sup>  | 512 | 506 |
| Freddie Mac Pool #Q57242 4.50% 7/1/2048 <sup>(a)</sup>  | 83 | 83 |
| Freddie Mac Pool #Q58411 4.50% 9/1/2048 <sup>(a)</sup>  | 917 | 924 |
| Freddie Mac Pool #Q58436 4.50% 9/1/2048 <sup>(a)</sup>  | 431 | 435 |
| Freddie Mac Pool #Q58378 4.50% 9/1/2048 <sup>(a)</sup>  | 290 | 292 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(a)</sup>  | 4128 | 4165 |
| Freddie Mac Pool #QA0284 3.50% 6/1/2049 <sup>(a)</sup>  | 1382 | 1327 |
| Freddie Mac Pool #SD7503 3.50% 8/1/2049 <sup>(a)</sup>  | 6526 | 6249 |
| Freddie Mac Pool #QA2748 3.50% 9/1/2049 <sup>(a)</sup>  | 208 | 200 |
| Freddie Mac Pool #RA1580 3.50% 10/1/2049 <sup>(a)</sup>  | 3348 | 3222 |
| Freddie Mac Pool #RA1463 3.50% 10/1/2049 <sup>(a)</sup>  | 3214 | 3093 |
| Freddie Mac Pool #SD0187 3.00% 1/1/2050 <sup>(a)</sup>  | 2441 | 2263 |
| Freddie Mac Pool #RA1996 3.50% 1/1/2050 <sup>(a)</sup>  | 3147 | 3004 |
| Freddie Mac Pool #SD7512 3.00% 2/1/2050 <sup>(a)</sup>  | 9687 | 8955 |
| Freddie Mac Pool #QA7102 3.00% 2/1/2050 <sup>(a)</sup>  | 930 | 844 |
| Freddie Mac Pool #RA2797 3.00% 6/1/2050 <sup>(a)</sup>  | 138 | 125 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(a)</sup>  | 432 | 395 |
| Freddie Mac Pool #SI2062 2.00% 9/1/2050 <sup>(a)</sup>  | 41571 | 34914 |
| Freddie Mac Pool #SI2080 2.00% 10/1/2050 <sup>(a)</sup>  | 43390 | 36521 |
| Freddie Mac Pool #RA3808 2.00% 10/1/2050 <sup>(a)</sup>  | 66 | 55 |
| Freddie Mac Pool #SD8106 2.00% 11/1/2050 <sup>(a)</sup>  | 33584 | 28113 |
| Freddie Mac Pool #QB5019 2.00% 11/1/2050 <sup>(a)</sup>  | 2705 | 2255 |
| Freddie Mac Pool #QB5275 2.00% 11/1/2050 <sup>(a)</sup>  | 952 | 792 |
| Freddie Mac Pool #RA3952 2.00% 11/1/2050 <sup>(a)</sup>  | 280 | 232 |
| Freddie Mac Pool #QB5949 2.00% 11/1/2050 <sup>(a)</sup>  | 49 | 41 |
| Freddie Mac Pool #QB6480 2.00% 12/1/2050 <sup>(a)</sup>  | 1410 | 1173 |

---

American Funds Mortgage Fund<sub>10</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QB6228 2.00% 12/1/2050 <sup>(a)</sup>  | USD971 | $805 |
| Freddie Mac Pool #QB6579 2.00% 12/1/2050 <sup>(a)</sup>  | 111 | 92 |
| Freddie Mac Pool #QB7148 2.00% 12/1/2050 <sup>(a)</sup>  | 36 | 30 |
| Freddie Mac Pool #RA4352 2.00% 1/1/2051 <sup>(a)</sup>  | 23035 | 19383 |
| Freddie Mac Pool #QB8132 2.00% 1/1/2051 <sup>(a)</sup>  | 1925 | 1602 |
| Freddie Mac Pool #QB7817 2.00% 1/1/2051 <sup>(a)</sup>  | 992 | 823 |
| Freddie Mac Pool #QB7858 2.00% 1/1/2051 <sup>(a)</sup>  | 728 | 604 |
| Freddie Mac Pool #QB7230 2.00% 1/1/2051 <sup>(a)</sup>  | 227 | 189 |
| Freddie Mac Pool #QB9090 2.00% 2/1/2051 <sup>(a)</sup>  | 147 | 122 |
| Freddie Mac Pool #SD8128 2.00% 2/1/2051 <sup>(a)</sup>  | 137 | 115 |
| Freddie Mac Pool #QB8972 2.00% 2/1/2051 <sup>(a)</sup>  | 138 | 114 |
| Freddie Mac Pool #SD8134 2.00% 3/1/2051 <sup>(a)</sup>  | 228 | 191 |
| Freddie Mac Pool #SD0537 2.00% 3/1/2051 <sup>(a)</sup>  | 203 | 169 |
| Freddie Mac Pool #QC0203 2.00% 3/1/2051 <sup>(a)</sup>  | 31 | 26 |
| Freddie Mac Pool #QB9836 2.50% 3/1/2051 <sup>(a)</sup>  | 866 | 758 |
| Freddie Mac Pool #SD0934 2.00% 4/1/2051 <sup>(a)</sup>  | 487 | 406 |
| Freddie Mac Pool #QC0619 2.00% 4/1/2051 <sup>(a)</sup>  | 100 | 83 |
| Freddie Mac Pool #SD0566 2.50% 4/1/2051 <sup>(a)</sup>  | 10944 | 9498 |
| Freddie Mac Pool #SD0571 2.50% 4/1/2051 <sup>(a)</sup>  | 966 | 839 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(a)</sup>  | 23839 | 20038 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(a)</sup>  | 9700 | 8048 |
| Freddie Mac Pool #RA5204 2.00% 5/1/2051 <sup>(a)</sup>  | 936 | 776 |
| Freddie Mac Pool #SD3984 2.00% 5/1/2051 <sup>(a)</sup>  | 846 | 702 |
| Freddie Mac Pool #QC2062 2.00% 5/1/2051 <sup>(a)</sup>  | 41 | 34 |
| Freddie Mac Pool #QC1665 2.00% 5/1/2051 <sup>(a)</sup>  | 34 | 28 |
| Freddie Mac Pool #RA5259 2.50% 5/1/2051 <sup>(a)</sup>  | 4201 | 3693 |
| Freddie Mac Pool #RA5286 2.50% 5/1/2051 <sup>(a)</sup>  | 220 | 191 |
| Freddie Mac Pool #QC2537 2.00% 6/1/2051 <sup>(a)</sup>  | 3916 | 3249 |
| Freddie Mac Pool #QC3259 2.00% 6/1/2051 <sup>(a)</sup>  | 1071 | 888 |
| Freddie Mac Pool #SD1852 2.50% 6/1/2051 <sup>(a)</sup>  | 8960 | 7793 |
| Freddie Mac Pool #RA5391 3.00% 6/1/2051 <sup>(a)</sup>  | 3509 | 3178 |
| Freddie Mac Pool #QC4911 2.00% 7/1/2051 <sup>(a)</sup>  | 1486 | 1233 |
| Freddie Mac Pool #QC4418 2.00% 7/1/2051 <sup>(a)</sup>  | 82 | 68 |
| Freddie Mac Pool #RA5559 2.50% 7/1/2051 <sup>(a)</sup>  | 3034 | 2633 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(a)</sup>  | 18815 | 17354 |
| Freddie Mac Pool #QC4360 3.00% 7/1/2051 <sup>(a)</sup>  | 895 | 812 |
| Freddie Mac Pool #RA5550 3.00% 7/1/2051 <sup>(a)</sup>  | 276 | 250 |
| Freddie Mac Pool #SD0718 2.50% 8/1/2051 <sup>(a)</sup>  | 607 | 527 |
| Freddie Mac Pool #QC5631 3.00% 8/1/2051 <sup>(a)</sup>  | 3407 | 3090 |
| Freddie Mac Pool #QC5996 3.00% 8/1/2051 <sup>(a)</sup>  | 764 | 693 |
| Freddie Mac Pool #QC9779 2.00% 9/1/2051 <sup>(a)</sup>  | 1130 | 937 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(a)</sup>  | 11336 | 9838 |
| Freddie Mac Pool #SD7545 2.50% 9/1/2051 <sup>(a)</sup>  | 3805 | 3378 |
| Freddie Mac Pool #QC6921 2.50% 9/1/2051 <sup>(a)</sup>  | 806 | 699 |
| Freddie Mac Pool #QC7626 3.00% 9/1/2051 <sup>(a)</sup>  | 9829 | 8975 |
| Freddie Mac Pool #QC7486 3.00% 9/1/2051 <sup>(a)</sup>  | 932 | 844 |
| Freddie Mac Pool #RA5841 3.00% 9/1/2051 <sup>(a)</sup>  | 218 | 197 |
| Freddie Mac Pool #QD0086 2.00% 10/1/2051 <sup>(a)</sup>  | 892 | 740 |
| Freddie Mac Pool #QC8499 2.00% 10/1/2051 <sup>(a)</sup>  | 89 | 74 |
| Freddie Mac Pool #QC8196 2.50% 10/1/2051 <sup>(a)</sup>  | 2882 | 2501 |
| Freddie Mac Pool #RA6136 2.50% 10/1/2051 <sup>(a)</sup>  | 935 | 811 |
| Freddie Mac Pool #QC8778 2.50% 10/1/2051 <sup>(a)</sup>  | 242 | 210 |
| Freddie Mac Pool #SD2880 3.00% 10/1/2051 <sup>(a)</sup>  | 13669 | 12476 |
| Freddie Mac Pool #RA6012 3.00% 10/1/2051 <sup>(a)</sup>  | 417 | 377 |
| Freddie Mac Pool #SD0740 3.50% 10/1/2051 <sup>(a)</sup>  | 2975 | 2823 |
| Freddie Mac Pool #RA6406 2.00% 11/1/2051 <sup>(a)</sup>  | 5694 | 4752 |
| Freddie Mac Pool #QD1457 2.00% 11/1/2051 <sup>(a)</sup>  | 1595 | 1323 |
| Freddie Mac Pool #QD0195 2.00% 11/1/2051 <sup>(a)</sup>  | 1194 | 990 |
| Freddie Mac Pool #RA6237 2.00% 11/1/2051 <sup>(a)</sup>  | 1162 | 964 |
| Freddie Mac Pool #QD3173 2.00% 11/1/2051 <sup>(a)</sup>  | 143 | 119 |
| Freddie Mac Pool #SD7548 2.50% 11/1/2051 <sup>(a)</sup>  | 7617 | 6751 |
| Freddie Mac Pool #SD1385 2.50% 11/1/2051 <sup>(a)</sup>  | 5084 | 4506 |
| Freddie Mac Pool #RA6231 2.50% 11/1/2051 <sup>(a)</sup>  | 865 | 750 |
| Freddie Mac Pool #QD0162 2.50% 11/1/2051 <sup>(a)</sup>  | 159 | 138 |
| Freddie Mac Pool #QD0682 3.00% 11/1/2051 <sup>(a)</sup>  | 955 | 866 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(a)</sup>  | 774 | 645 |

---

---

| | |
|:---|:---|
| **11** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QD2437 2.00% 12/1/2051 <sup>(a)</sup>  | USD775 | $644 |
| Freddie Mac Pool #QD3473 2.00% 12/1/2051 <sup>(a)</sup>  | 143 | 119 |
| Freddie Mac Pool #SD1605 2.50% 12/1/2051 <sup>(a)</sup>  | 18996 | 16486 |
| Freddie Mac Pool #QD3619 2.50% 12/1/2051 <sup>(a)</sup>  | 3314 | 2883 |
| Freddie Mac Pool #QD3226 2.50% 12/1/2051 <sup>(a)</sup>  | 329 | 286 |
| Freddie Mac Pool #RA6493 2.50% 12/1/2051 <sup>(a)</sup>  | 221 | 191 |
| Freddie Mac Pool #RA6428 3.00% 12/1/2051 <sup>(a)</sup>  | 667 | 604 |
| Freddie Mac Pool #QD2929 4.00% 12/1/2051 <sup>(a)</sup>  | 572 | 558 |
| Freddie Mac Pool #QD5035 2.00% 1/1/2052 <sup>(a)</sup>  | 8278 | 6868 |
| Freddie Mac Pool #QD7144 2.00% 1/1/2052 <sup>(a)</sup>  | 1120 | 930 |
| Freddie Mac Pool #QD3751 2.00% 1/1/2052 <sup>(a)</sup>  | 710 | 589 |
| Freddie Mac Pool #QD4465 2.00% 1/1/2052 <sup>(a)</sup>  | 499 | 414 |
| Freddie Mac Pool #SD1403 2.00% 1/1/2052 <sup>(a)</sup>  | 293 | 243 |
| Freddie Mac Pool #QD4747 2.00% 1/1/2052 <sup>(a)</sup>  | 251 | 208 |
| Freddie Mac Pool #QD5262 2.00% 1/1/2052 <sup>(a)</sup>  | 229 | 190 |
| Freddie Mac Pool #QD6009 2.00% 1/1/2052 <sup>(a)</sup>  | 38 | 32 |
| Freddie Mac Pool #SD0838 2.00% 1/1/2052 <sup>(a)</sup>  | 30 | 25 |
| Freddie Mac Pool #SD2629 2.50% 1/1/2052 <sup>(a)</sup>  | 700 | 609 |
| Freddie Mac Pool #SD2269 3.00% 1/1/2052 <sup>(a)</sup>  | 276 | 250 |
| Freddie Mac Pool #RA6771 2.00% 2/1/2052 <sup>(a)</sup>  | 11598 | 9622 |
| Freddie Mac Pool #RA6114 2.00% 2/1/2052 <sup>(a)</sup>  | 1408 | 1169 |
| Freddie Mac Pool #QD6836 2.00% 2/1/2052 <sup>(a)</sup>  | 812 | 674 |
| Freddie Mac Pool #QD6139 2.00% 2/1/2052 <sup>(a)</sup>  | 769 | 638 |
| Freddie Mac Pool #QD6549 2.00% 2/1/2052 <sup>(a)</sup>  | 712 | 591 |
| Freddie Mac Pool #RA6913 2.00% 2/1/2052 <sup>(a)</sup>  | 267 | 222 |
| Freddie Mac Pool #SD3445 2.00% 2/1/2052 <sup>(a)</sup>  | 48 | 40 |
| Freddie Mac Pool #QD9124 2.00% 2/1/2052 <sup>(a)</sup>  | 46 | 38 |
| Freddie Mac Pool #QD7059 3.00% 2/1/2052 <sup>(a)</sup>  | 2164 | 1959 |
| Freddie Mac Pool #SD0873 3.50% 2/1/2052 <sup>(a)</sup>  | 22177 | 21184 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(a)</sup>  | 311 | 295 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(a)</sup>  | 29467 | 24537 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(a)</sup>  | 12146 | 10088 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(a)</sup>  | 1755 | 1458 |
| Freddie Mac Pool #SD4071 2.00% 3/1/2052 <sup>(a)</sup>  | 327 | 271 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(a)</sup>  | 165 | 137 |
| Freddie Mac Pool #QE3078 2.00% 3/1/2052 <sup>(a)</sup>  | 56 | 46 |
| Freddie Mac Pool #SD7553 3.00% 3/1/2052 <sup>(a)</sup>  | 5981 | 5501 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(a)</sup>  | 1614 | 1342 |
| Freddie Mac Pool #SD8211 2.00% 5/1/2052 <sup>(a)</sup>  | 24 | 20 |
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(a)</sup>  | 83 | 73 |
| Freddie Mac Pool #QE1863 2.50% 5/1/2052 <sup>(a)</sup>  | 18 | 16 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(a)</sup>  | 85178 | 77254 |
| Freddie Mac Pool #SD6496 2.00% 6/1/2052 <sup>(a)</sup>  | 1878 | 1563 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(a)</sup>  | 53343 | 48380 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(a)</sup>  | 8039 | 7281 |
| Freddie Mac Pool #QE5610 3.50% 6/1/2052 <sup>(a)</sup>  | 357 | 337 |
| Freddie Mac Pool #RA7556 4.50% 6/1/2052 <sup>(a)</sup>  | 10932 | 10863 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(a)</sup>  | 106700 | 92603 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(a)</sup>  | 28045 | 24382 |
| Freddie Mac Pool #SD3632 2.50% 7/1/2052 <sup>(a)</sup>  | 94 | 81 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(a)</sup>  | 53632 | 48635 |
| Freddie Mac Pool #SL0012 3.50% 7/1/2052 <sup>(a)</sup>  | 27 | 26 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(a)</sup>  | 2187 | 1815 |
| Freddie Mac Pool #SD7235 3.00% 8/1/2052 <sup>(a)</sup>  | 693 | 628 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(a)</sup>  | 188 | 173 |
| Freddie Mac Pool #QE7537 4.50% 8/1/2052 <sup>(a)</sup>  | 8289 | 8244 |
| Freddie Mac Pool #SD8242 3.00% 9/1/2052 <sup>(a)</sup>  | 9809 | 8895 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(a)</sup>  | 2403 | 2434 |
| Freddie Mac Pool #QF0924 5.50% 9/1/2052 <sup>(a)</sup>  | 392 | 399 |
| Freddie Mac Pool #SD8271 2.50% 10/1/2052 <sup>(a)</sup>  | 576 | 501 |
| Freddie Mac Pool #QF1771 3.00% 10/1/2052 <sup>(a)</sup>  | 3640 | 3298 |
| Freddie Mac Pool #QF2029 3.00% 10/1/2052 <sup>(a)</sup>  | 2399 | 2175 |
| Freddie Mac Pool #QF1560 4.00% 10/1/2052 <sup>(a)</sup>  | 120 | 117 |
| Freddie Mac Pool #RA8059 5.50% 10/1/2052 <sup>(a)</sup>  | 8653 | 8875 |
| Freddie Mac Pool #QF2363 4.50% 11/1/2052 <sup>(a)</sup>  | 34515 | 34261 |
| Freddie Mac Pool #SD1895 4.50% 11/1/2052 <sup>(a)</sup>  | 32657 | 32887 |

---

American Funds Mortgage Fund<sub>12</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(a)</sup>  | USD12,511 | $12767 |
| Freddie Mac Pool #QF2862 6.50% 11/1/2052 <sup>(a)</sup>  | 16 | 17 |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(a)</sup>  | 2518 | 2281 |
| Freddie Mac Pool #SD8312 2.50% 1/1/2053 <sup>(a)</sup>  | 95 | 83 |
| Freddie Mac Pool #RA8517 3.00% 1/1/2053 <sup>(a)</sup>  | 10 | 9 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(a)</sup>  | 518 | 523 |
| Freddie Mac Pool #QF5680 5.50% 1/1/2053 <sup>(a)</sup>  | 616 | 628 |
| Freddie Mac Pool #SD8290 6.00% 1/1/2053 <sup>(a)</sup>  | 138116 | 142759 |
| Freddie Mac Pool #SD2601 2.50% 2/1/2053 <sup>(a)</sup>  | 279 | 243 |
| Freddie Mac Pool #SD8295 3.00% 2/1/2053 <sup>(a)</sup>  | 3834 | 3474 |
| Freddie Mac Pool #QF7144 5.50% 2/1/2053 <sup>(a)</sup>  | 807 | 823 |
| Freddie Mac Pool #QF8686 5.50% 2/1/2053 <sup>(a)</sup>  | 381 | 390 |
| Freddie Mac Pool #SD8301 6.00% 2/1/2053 <sup>(a)</sup>  | 2224 | 2298 |
| Freddie Mac Pool #QF8462 5.50% 3/1/2053 <sup>(a)</sup>  | 3099 | 3161 |
| Freddie Mac Pool #QF8554 5.50% 3/1/2053 <sup>(a)</sup>  | 425 | 432 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(a)</sup>  | 6038 | 6118 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(a)</sup>  | 1454 | 1468 |
| Freddie Mac Pool #SD8316 5.50% 4/1/2053 <sup>(a)</sup>  | 6541 | 6675 |
| Freddie Mac Pool #QG1023 5.50% 4/1/2053 <sup>(a)</sup>  | 745 | 759 |
| Freddie Mac Pool #SD8323 5.00% 5/1/2053 <sup>(a)</sup>  | 1331 | 1345 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(a)</sup>  | 16192 | 16520 |
| Freddie Mac Pool #SD3369 5.50% 5/1/2053 <sup>(a)</sup>  | 1218 | 1239 |
| Freddie Mac Pool #QG3365 5.50% 5/1/2053 <sup>(a)</sup>  | 580 | 594 |
| Freddie Mac Pool #QG1875 5.50% 5/1/2053 <sup>(a)</sup>  | 453 | 462 |
| Freddie Mac Pool #SD8325 6.00% 5/1/2053 <sup>(a)</sup>  | 16718 | 17273 |
| Freddie Mac Pool #SD2861 6.00% 5/1/2053 <sup>(a)</sup>  | 4114 | 4252 |
| Freddie Mac Pool #QG3376 6.00% 5/1/2053 <sup>(a)</sup>  | 192 | 200 |
| Freddie Mac Pool #QG1921 6.50% 5/1/2053 <sup>(a)</sup>  | 153 | 160 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(a)</sup>  | 73 | 74 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(a)</sup>  | 32992 | 33660 |
| Freddie Mac Pool #SD8332 6.00% 6/1/2053 <sup>(a)</sup>  | 25527 | 26364 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(a)</sup>  | 4231 | 4414 |
| Freddie Mac Pool #RA9283 6.00% 6/1/2053 <sup>(a)</sup>  | 3807 | 3934 |
| Freddie Mac Pool #RA9281 6.00% 6/1/2053 <sup>(a)</sup>  | 2482 | 2570 |
| Freddie Mac Pool #RA9284 6.00% 6/1/2053 <sup>(a)</sup>  | 2146 | 2251 |
| Freddie Mac Pool #SD3240 6.00% 6/1/2053 <sup>(a)</sup>  | 1537 | 1588 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(a)</sup>  | 788 | 824 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(a)</sup>  | 705 | 739 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(a)</sup>  | 681 | 721 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(a)</sup>  | 667 | 708 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(a)</sup>  | 453 | 481 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(a)</sup>  | 389 | 412 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(a)</sup>  | 236 | 246 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(a)</sup>  | 220 | 235 |
| Freddie Mac Pool #QG9049 3.00% 7/1/2053 <sup>(a)</sup>  | 772 | 700 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(a)</sup>  | 39 | 39 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(a)</sup>  | 115448 | 117803 |
| Freddie Mac Pool #SD3386 5.50% 7/1/2053 <sup>(a)</sup>  | 3832 | 3912 |
| Freddie Mac Pool #QG7363 6.00% 7/1/2053 <sup>(a)</sup>  | 12122 | 12530 |
| Freddie Mac Pool #SD3553 6.00% 7/1/2053 <sup>(a)</sup>  | 3744 | 3870 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(a)</sup>  | 1339 | 1401 |
| Freddie Mac Pool #SD3356 6.00% 7/1/2053 <sup>(a)</sup>  | 1048 | 1082 |
| Freddie Mac Pool #SD8359 3.50% 8/1/2053 <sup>(a)</sup>  | 893 | 843 |
| Freddie Mac Pool #SD3620 5.50% 8/1/2053 <sup>(a)</sup>  | 11665 | 12069 |
| Freddie Mac Pool #RA9636 6.00% 8/1/2053 <sup>(a)</sup>  | 5233 | 5394 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(a)</sup>  | 452 | 466 |
| Freddie Mac Pool #QG9115 6.50% 8/1/2053 <sup>(a)</sup>  | 77 | 82 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(a)</sup>  | 109 | 111 |
| Freddie Mac Pool #RA9857 6.00% 9/1/2053 <sup>(a)</sup>  | 32924 | 33978 |
| Freddie Mac Pool #RA9854 6.00% 9/1/2053 <sup>(a)</sup>  | 9751 | 10189 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(a)</sup>  | 825 | 851 |
| Freddie Mac Pool #SL0419 3.00% 10/1/2053 <sup>(a)</sup>  | 8571 | 7773 |
| Freddie Mac Pool #SL1562 3.00% 10/1/2053 <sup>(a)</sup>  | 8169 | 7409 |
| Freddie Mac Pool #SL2623 3.00% 10/1/2053 <sup>(a)</sup>  | 92 | 83 |
| Freddie Mac Pool #SD8367 5.50% 10/1/2053 <sup>(a)</sup>  | 24668 | 25151 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(a)</sup>  | 22043 | 22758 |

---

---

| | |
|:---|:---|
| **13** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(a)</sup>  | USD21,176 | $21798 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(a)</sup>  | 33222 | 33533 |
| Freddie Mac Pool #SD8373 6.00% 11/1/2053 <sup>(a)</sup>  | 43062 | 44263 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(a)</sup>  | 3314 | 3453 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(a)</sup>  | 1024 | 1065 |
| Freddie Mac Pool #SD4842 6.00% 12/1/2053 <sup>(a)</sup>  | 2373 | 2447 |
| Freddie Mac Pool #SD8385 6.50% 12/1/2053 <sup>(a)</sup>  | 2958 | 3075 |
| Freddie Mac Pool #SD6284 2.00% 1/1/2054 <sup>(a)</sup>  | 3079 | 2555 |
| Freddie Mac Pool #QH8513 2.00% 1/1/2054 <sup>(a)</sup>  | 320 | 265 |
| Freddie Mac Pool #QH8426 3.50% 1/1/2054 <sup>(a)</sup>  | 346 | 327 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(a)</sup>  | 612 | 629 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(a)</sup>  | 3835 | 3995 |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(a)</sup>  | 864 | 901 |
| Freddie Mac Pool #SD4614 6.50% 1/1/2054 <sup>(a)</sup>  | 454 | 478 |
| Freddie Mac Pool #QH7865 6.50% 1/1/2054 <sup>(a)</sup>  | 48 | 50 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(a)</sup>  | 1353 | 1378 |
| Freddie Mac Pool #SD4964 6.00% 2/1/2054 <sup>(a)</sup>  | 14624 | 15245 |
| Freddie Mac Pool #QI0006 6.00% 2/1/2054 <sup>(a)</sup>  | 4127 | 4251 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(a)</sup>  | 2847 | 2926 |
| Freddie Mac Pool #SD4966 6.50% 2/1/2054 <sup>(a)</sup>  | 39783 | 41628 |
| Freddie Mac Pool #SL2362 6.50% 2/1/2054 <sup>(a)</sup>  | 6907 | 7283 |
| Freddie Mac Pool #RJ0856 6.50% 2/1/2054 <sup>(a)</sup>  | 6186 | 6442 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(a)</sup>  | 16388 | 16679 |
| Freddie Mac Pool #RJ1066 5.50% 3/1/2054 <sup>(a)</sup>  | 10682 | 10938 |
| Freddie Mac Pool #RJ1076 6.00% 3/1/2054 <sup>(a)</sup>  | 1749 | 1804 |
| Freddie Mac Pool #RJ1015 6.50% 3/1/2054 <sup>(a)</sup>  | 90 | 93 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(a)</sup>  | 5083 | 5214 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(a)</sup>  | 959 | 977 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(a)</sup>  | 11348 | 11731 |
| Freddie Mac Pool #RJ1348 6.00% 4/1/2054 <sup>(a)</sup>  | 1568 | 1621 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(a)</sup>  | 731 | 763 |
| Freddie Mac Pool #SD5221 6.50% 4/1/2054 <sup>(a)</sup>  | 3855 | 4070 |
| Freddie Mac Pool #SD8426 7.00% 4/1/2054 <sup>(a)</sup>  | 1475 | 1552 |
| Freddie Mac Pool #RJ1419 5.50% 5/1/2054 <sup>(a)</sup>  | 5387 | 5483 |
| Freddie Mac Pool #RJ1429 6.00% 5/1/2054 <sup>(a)</sup>  | 16494 | 17014 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(a)</sup>  | 1005 | 1049 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(a)</sup>  | 244 | 251 |
| Freddie Mac Pool #SD5404 6.50% 5/1/2054 <sup>(a)</sup>  | 36926 | 38627 |
| Freddie Mac Pool #RJ1855 5.00% 6/1/2054 <sup>(a)</sup>  | 1731 | 1750 |
| Freddie Mac Pool #RJ1857 5.50% 6/1/2054 <sup>(a)</sup>  | 5938 | 6071 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(a)</sup>  | 1226 | 1262 |
| Freddie Mac Pool #SD8438 5.50% 6/1/2054 <sup>(a)</sup>  | 346 | 353 |
| Freddie Mac Pool #RJ1859 6.00% 6/1/2054 <sup>(a)</sup>  | 21894 | 22684 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(a)</sup>  | 7111 | 7349 |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(a)</sup>  | 5070 | 5290 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(a)</sup>  | 29 | 30 |
| Freddie Mac Pool #SD5706 6.50% 6/1/2054 <sup>(a)</sup>  | 41251 | 43190 |
| Freddie Mac Pool #RJ1726 6.50% 6/1/2054 <sup>(a)</sup>  | 15878 | 16609 |
| Freddie Mac Pool #SD5701 6.50% 6/1/2054 <sup>(a)</sup>  | 4098 | 4316 |
| Freddie Mac Pool #RJ1725 6.50% 6/1/2054 <sup>(a)</sup>  | 1384 | 1463 |
| Freddie Mac Pool #RJ1797 6.50% 6/1/2054 <sup>(a)</sup>  | 1312 | 1365 |
| Freddie Mac Pool #SD5619 7.00% 6/1/2054 <sup>(a)</sup>  | 15 | 16 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(a)</sup>  | 16369 | 16656 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(a)</sup>  | 2091 | 2140 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(a)</sup>  | 271 | 278 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(a)</sup>  | 17404 | 18026 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(a)</sup>  | 15691 | 16419 |
| Freddie Mac Pool #SD5949 6.00% 7/1/2054 <sup>(a)</sup>  | 7810 | 8039 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(a)</sup>  | 5597 | 5748 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(a)</sup>  | 4758 | 4904 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(a)</sup>  | 4356 | 4499 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(a)</sup>  | 1420 | 1462 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(a)</sup>  | 1242 | 1279 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(a)</sup>  | 34818 | 36193 |
| Freddie Mac Pool #QI8876 6.50% 7/1/2054 <sup>(a)</sup>  | 26511 | 27733 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(a)</sup>  | 14058 | 14626 |

---

American Funds Mortgage Fund<sub>14</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #SD5905 6.50% 7/1/2054 <sup>(a)</sup>  | USD5,812 | $6103 |
| Freddie Mac Pool #QI9151 6.50% 7/1/2054 <sup>(a)</sup>  | 5545 | 5834 |
| Freddie Mac Pool #RJ2193 5.00% 8/1/2054 <sup>(a)</sup>  | 3489 | 3532 |
| Freddie Mac Pool #RJ2241 5.00% 8/1/2054 <sup>(a)</sup>  | 2425 | 2454 |
| Freddie Mac Pool #RJ2195 5.00% 8/1/2054 <sup>(a)</sup>  | 2282 | 2299 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(a)</sup>  | 5632 | 5740 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(a)</sup>  | 3399 | 3467 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(a)</sup>  | 3268 | 3341 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(a)</sup>  | 3075 | 3154 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(a)</sup>  | 587 | 601 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(a)</sup>  | 20750 | 21349 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(a)</sup>  | 11263 | 11594 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(a)</sup>  | 10310 | 10585 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(a)</sup>  | 4190 | 4374 |
| Freddie Mac Pool #SD6045 6.00% 8/1/2054 <sup>(a)</sup>  | 3560 | 3717 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(a)</sup>  | 2960 | 3058 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(a)</sup>  | 190 | 195 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(a)</sup>  | 32022 | 33267 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(a)</sup>  | 20170 | 21100 |
| Freddie Mac Pool #SD6034 6.50% 8/1/2054 <sup>(a)</sup>  | 8263 | 8643 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(a)</sup>  | 7621 | 7959 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(a)</sup>  | 4026 | 4198 |
| Freddie Mac Pool #SD6047 6.50% 8/1/2054 <sup>(a)</sup>  | 3036 | 3201 |
| Freddie Mac Pool #SD6035 6.50% 8/1/2054 <sup>(a)</sup>  | 1988 | 2087 |
| Freddie Mac Pool #QJ5645 7.00% 8/1/2054 <sup>(a)</sup>  | 663 | 696 |
| Freddie Mac Pool #QJ4825 5.00% 9/1/2054 <sup>(a)</sup>  | 3198 | 3216 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(a)</sup>  | 6463 | 6587 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(a)</sup>  | 2713 | 2797 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(a)</sup>  | 2463 | 2518 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(a)</sup>  | 733 | 754 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(a)</sup>  | 68 | 69 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(a)</sup>  | 10205 | 10536 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(a)</sup>  | 6115 | 6281 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(a)</sup>  | 5320 | 5496 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(a)</sup>  | 5105 | 5329 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(a)</sup>  | 5051 | 5275 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(a)</sup>  | 3082 | 3172 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(a)</sup>  | 16201 | 16870 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(a)</sup>  | 13066 | 13575 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(a)</sup>  | 11282 | 11765 |
| Freddie Mac Pool #SL2445 6.50% 9/1/2054 <sup>(a)</sup>  | 7463 | 7791 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(a)</sup>  | 4909 | 5122 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(a)</sup>  | 4746 | 4947 |
| Freddie Mac Pool #QJ5643 6.50% 9/1/2054 <sup>(a)</sup>  | 3461 | 3596 |
| Freddie Mac Pool #RJ2320 6.50% 9/1/2054 <sup>(a)</sup>  | 3183 | 3332 |
| Freddie Mac Pool #SD6531 6.50% 9/1/2054 <sup>(a)</sup>  | 2580 | 2722 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(a)</sup>  | 2489 | 2618 |
| Freddie Mac Pool #RJ2325 6.50% 9/1/2054 <sup>(a)</sup>  | 1272 | 1326 |
| Freddie Mac Pool #QJ6339 3.50% 10/1/2054 <sup>(a)</sup>  | 34 | 32 |
| Freddie Mac Pool #RJ2664 5.00% 10/1/2054 <sup>(a)</sup>  | 52 | 53 |
| Freddie Mac Pool #RJ2625 5.50% 10/1/2054 <sup>(a)</sup>  | 17283 | 17673 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(a)</sup>  | 4926 | 5012 |
| Freddie Mac Pool #SD6911 6.50% 10/1/2054 <sup>(a)</sup>  | 44911 | 47400 |
| Freddie Mac Pool #SD6733 6.50% 10/1/2054 <sup>(a)</sup>  | 3363 | 3502 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(a)</sup>  | 4557 | 4512 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(a)</sup>  | 12246 | 12325 |
| Freddie Mac Pool #QJ7708 5.00% 11/1/2054 <sup>(a)</sup>  | 855 | 862 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(a)</sup>  | 20529 | 20900 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(a)</sup>  | 14218 | 14464 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(a)</sup>  | 1267 | 1302 |
| Freddie Mac Pool #QJ9527 6.00% 11/1/2054 <sup>(a)</sup>  | 119 | 122 |
| Freddie Mac Pool #QJ8303 6.00% 11/1/2054 <sup>(a)</sup>  | 52 | 54 |
| Freddie Mac Pool #RJ3012 5.00% 12/1/2054 <sup>(a)</sup>  | 27827 | 28162 |
| Freddie Mac Pool #RJ3163 5.00% 12/1/2054 <sup>(a)</sup>  | 21046 | 21277 |
| Freddie Mac Pool #RJ3017 5.00% 12/1/2054 <sup>(a)</sup>  | 8300 | 8352 |
| Freddie Mac Pool #QX1743 5.00% 12/1/2054 <sup>(a)</sup>  | 4858 | 4912 |

---

---

| | |
|:---|:---|
| **15** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QX2834 5.00% 12/1/2054 <sup>(a)</sup>  | USD1,610 | $1628 |
| Freddie Mac Pool #SD8491 5.00% 12/1/2054 <sup>(a)</sup>  | 911 | 916 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(a)</sup>  | 269 | 274 |
| Freddie Mac Pool #QX0553 6.00% 12/1/2054 <sup>(a)</sup>  | 6076 | 6239 |
| Freddie Mac Pool #QX1463 6.00% 12/1/2054 <sup>(a)</sup>  | 3763 | 3863 |
| Freddie Mac Pool #QX0384 6.00% 12/1/2054 <sup>(a)</sup>  | 1934 | 1995 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(a)</sup>  | 2889 | 2938 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(a)</sup>  | 101458 | 104136 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(a)</sup>  | 67847 | 69644 |
| Freddie Mac Pool #QX2593 6.00% 1/1/2055 <sup>(a)</sup>  | 45701 | 46921 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(a)</sup>  | 5227 | 5490 |
| Freddie Mac Pool #SD8501 7.00% 1/1/2055 <sup>(a)</sup>  | 506 | 532 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(a)</sup>  | 3636 | 3608 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(a)</sup>  | 87185 | 89486 |
| Freddie Mac Pool #SL0797 6.00% 2/1/2055 <sup>(a)</sup>  | 5614 | 5822 |
| Freddie Mac Pool #QX6717 6.00% 2/1/2055 <sup>(a)</sup>  | 119 | 123 |
| Freddie Mac Pool #SD8508 6.50% 2/1/2055 <sup>(a)</sup>  | 1468 | 1525 |
| Freddie Mac Pool #SI2123 6.50% 2/1/2055 <sup>(a)</sup>  | 280 | 291 |
| Freddie Mac Pool #QX6697 6.50% 2/1/2055 <sup>(a)</sup>  | 185 | 193 |
| Freddie Mac Pool #SL1494 7.00% 2/1/2055 <sup>(a)</sup>  | 424 | 446 |
| Freddie Mac Pool #SD8520 3.50% 3/1/2055 <sup>(a)</sup>  | 894 | 844 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(a)</sup>  | 38 | 38 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(a)</sup>  | 7863 | 8071 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(a)</sup>  | 35754 | 37145 |
| Freddie Mac Pool #SL0673 6.50% 3/1/2055 <sup>(a)</sup>  | 26238 | 27634 |
| Freddie Mac Pool #QX8785 6.50% 3/1/2055 <sup>(a)</sup>  | 527 | 550 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(a)</sup>  | 3162 | 3181 |
| Freddie Mac Pool #SD8524 5.50% 4/1/2055 <sup>(a)</sup>  | 96 | 98 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(a)</sup>  | 37150 | 38133 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(a)</sup>  | 2352 | 2415 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(a)</sup>  | 1245 | 1278 |
| Freddie Mac Pool #QY0775 6.00% 4/1/2055 <sup>(a)</sup>  | 822 | 846 |
| Freddie Mac Pool #QY2226 6.00% 4/1/2055 <sup>(a)</sup>  | 818 | 842 |
| Freddie Mac Pool #SD8526 6.50% 4/1/2055 <sup>(a)</sup>  | 10364 | 10767 |
| Freddie Mac Pool #QY1898 7.00% 4/1/2055 <sup>(a)</sup>  | 688 | 728 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(a)</sup>  | 6100 | 6135 |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(a)</sup>  | 39527 | 40208 |
| Freddie Mac Pool #QY3029 5.50% 5/1/2055 <sup>(a)</sup>  | 1425 | 1450 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(a)</sup>  | 115422 | 118468 |
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(a)</sup>  | 1199 | 1231 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(a)</sup>  | 1155 | 1186 |
| Freddie Mac Pool #QY3404 6.00% 5/1/2055 <sup>(a)</sup>  | 335 | 344 |
| Freddie Mac Pool #QY2990 6.00% 5/1/2055 <sup>(a)</sup>  | 135 | 138 |
| Freddie Mac Pool #SL1315 6.50% 5/1/2055 <sup>(a)</sup>  | 6711 | 6976 |
| Freddie Mac Pool #QY2235 7.00% 5/1/2055 <sup>(a)</sup>  | 998 | 1050 |
| Freddie Mac Pool #QY8196 3.50% 6/1/2055 <sup>(a)</sup>  | 735 | 694 |
| Freddie Mac Pool #RQ0017 3.50% 6/1/2055 <sup>(a)</sup>  | 121 | 114 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(a)</sup>  | 3600 | 3621 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(a)</sup>  | 90973 | 94512 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(a)</sup>  | 49395 | 50241 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(a)</sup>  | 363711 | 373308 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(a)</sup>  | 6108 | 6272 |
| Freddie Mac Pool #QY7483 6.00% 7/1/2055 <sup>(a)</sup>  | 1400 | 1438 |
| Freddie Mac Pool #QY7743 6.00% 7/1/2055 <sup>(a)</sup>  | 409 | 420 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(a)</sup>  | 45307 | 47070 |
| Freddie Mac Pool #SL1959 6.50% 7/1/2055 <sup>(a)</sup>  | 35288 | 36697 |
| Freddie Mac Pool #RQ0030 7.00% 7/1/2055 <sup>(a)</sup>  | 532 | 559 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(a)</sup>  | 2858 | 2933 |
| Freddie Mac Pool #RQ0049 5.50% 9/1/2055 <sup>(a)</sup>  | 2533 | 2576 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(a)</sup>  | 1291 | 1325 |
| Freddie Mac Pool #SL2781 6.50% 9/1/2055 <sup>(a)</sup>  | 16822 | 17705 |
| Freddie Mac Pool #SL2647 6.50% 9/1/2055 <sup>(a)</sup>  | 10440 | 10998 |
| Freddie Mac Pool #RQ0052 7.00% 9/1/2055 <sup>(a)</sup>  | 3647 | 3836 |
| Freddie Mac Pool #RQ0056 5.50% 10/1/2055 <sup>(a)</sup>  | 943 | 959 |
| Freddie Mac Pool #RQ0059 7.00% 10/1/2055 <sup>(a)</sup>  | 2525 | 2656 |
| Freddie Mac Pool #RQ0081 3.50% 1/1/2056 <sup>(a)</sup>  | 1635 | 1543 |

---

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **16** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac, Series K751, Class A2, Multi Family, 4.412% 3/25/2030 <sup>(a)</sup>  | USD24,000 | $24521 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(a)</sup>  | 1966 | 1883 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/2056 <sup>(a)</sup>  | 3655 | 3301 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/2056 <sup>(a)(d)</sup>  | 7436 | 7176 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056 <sup>(a)</sup>  | 552 | 508 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(a)</sup>  | 2355 | 2242 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(a)(d)</sup>  | 2262 | 2165 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057 <sup>(a)</sup>  | 3410 | 3038 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(a)(d)</sup>  | 729 | 720 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/2058 <sup>(a)</sup>  | 1155 | 1068 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(a)</sup>  | 413 | 407 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/25/2058 <sup>(a)</sup>  | 969 | 894 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 <sup>(a)</sup>  | 591 | 548 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2024-2, Class MT, 3.50% 5/25/2064 <sup>(a)</sup>  | 55272 | 50381 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 <sup>(a)</sup>  | 3388 | 3340 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2021-2, Class AC, 2.00% 9/25/2030 <sup>(a)</sup>  | 26079 | 24256 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 20-3, Class AC, 2.00% 11/25/2030 <sup>(a)</sup>  | 24642 | 22748 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2021-1, Class AC, 2.25% 5/26/2031 <sup>(a)</sup>  | 24829 | 23310 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 21-2, Class AD, 2.00% 7/25/2031 <sup>(a)</sup>  | 21276 | 19575 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2022-1, Class A1, 3.50% 5/25/2032 <sup>(a)</sup>  | 20955 | 20564 |
| Government National Mortgage Assn. 2.00% 3/1/2056 <sup>(a)(e)</sup>  | 40295 | 34150 |
| Government National Mortgage Assn. 4.50% 3/1/2056 <sup>(a)(e)</sup>  | 9000 | 8897 |
| Government National Mortgage Assn. Pool #778205 4.00% 3/20/2032 <sup>(a)</sup>  | 165 | 165 |
| Government National Mortgage Assn. Pool #778208 4.00% 5/20/2032 <sup>(a)</sup>  | 199 | 198 |
| Government National Mortgage Assn. Pool #796771 6.50% 10/20/2032 <sup>(a)</sup>  | 131 | 134 |
| Government National Mortgage Assn. Pool #AD0867 4.25% 4/20/2034 <sup>(a)</sup>  | 428 | 429 |
| Government National Mortgage Assn. Pool #AH5896 3.75% 7/20/2034 <sup>(a)</sup>  | 411 | 406 |
| Government National Mortgage Assn. Pool #AH5904 3.25% 2/20/2035 <sup>(a)</sup>  | 639 | 622 |
| Government National Mortgage Assn. Pool #AH5907 3.25% 4/20/2035 <sup>(a)</sup>  | 634 | 616 |
| Government National Mortgage Assn. Pool #AH5908 3.25% 5/20/2035 <sup>(a)</sup>  | 945 | 917 |
| Government National Mortgage Assn. Pool #AC2887 5.00% 7/20/2035 <sup>(a)</sup>  | 73 | 73 |
| Government National Mortgage Assn. Pool #AH5911 3.25% 8/20/2035 <sup>(a)</sup>  | 1307 | 1269 |
| Government National Mortgage Assn. Pool #AA7288 3.75% 6/20/2037 <sup>(a)</sup>  | 223 | 218 |
| Government National Mortgage Assn. Pool #773549 6.50% 12/20/2038 <sup>(a)</sup>  | 114 | 118 |
| Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039 <sup>(a)</sup>  | 723 | 766 |
| Government National Mortgage Assn. Pool #AH5905 3.25% 1/20/2040 <sup>(a)</sup>  | 472 | 443 |
| Government National Mortgage Assn. Pool #783689 5.50% 2/20/2040 <sup>(a)</sup>  | 720 | 748 |
| Government National Mortgage Assn. Pool #AH5909 3.25% 5/20/2040 <sup>(a)</sup>  | 279 | 262 |
| Government National Mortgage Assn. Pool #AH5912 3.25% 8/20/2040 <sup>(a)</sup>  | 419 | 393 |
| Government National Mortgage Assn. Pool #AC2904 4.50% 5/20/2041 <sup>(a)</sup>  | 310 | 310 |
| Government National Mortgage Assn. Pool #783688 5.00% 6/20/2041 <sup>(a)</sup>  | 557 | 572 |
| Government National Mortgage Assn. Pool #MA0274 4.50% 7/20/2041 <sup>(a)</sup>  | 181 | 180 |
| Government National Mortgage Assn. Pool #005158 5.00% 8/20/2041 <sup>(a)</sup>  | 367 | 374 |
| Government National Mortgage Assn. Pool #005165 6.50% 8/20/2041 <sup>(a)</sup>  | 40 | 41 |
| Government National Mortgage Assn. Pool #MA0273 4.00% 9/20/2041 <sup>(a)</sup>  | 393 | 377 |
| Government National Mortgage Assn. Pool #AB3621 4.50% 9/20/2041 <sup>(a)</sup>  | 94 | 95 |
| Government National Mortgage Assn. Pool #AE5743 5.00% 9/20/2041 <sup>(a)</sup>  | 737 | 755 |
| Government National Mortgage Assn. Pool #MA0310 4.50% 10/20/2041 <sup>(a)</sup>  | 389 | 387 |
| Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 <sup>(a)</sup>  | 411 | 412 |
| Government National Mortgage Assn. Pool #793043 2.75% 1/15/2042 <sup>(a)</sup>  | 187 | 172 |
| Government National Mortgage Assn. Pool #799829 2.75% 2/15/2042 <sup>(a)</sup>  | 150 | 138 |
| Government National Mortgage Assn. Pool #AB2159 4.50% 3/20/2042 <sup>(a)</sup>  | 391 | 392 |
| Government National Mortgage Assn. Pool #770241 4.00% 5/20/2042 <sup>(a)</sup>  | 268 | 263 |
| Government National Mortgage Assn. Pool #792276 3.50% 6/15/2042 <sup>(a)</sup>  | 137 | 132 |
| Government National Mortgage Assn. Pool #770242 4.00% 6/20/2042 <sup>(a)</sup>  | 411 | 405 |
| Government National Mortgage Assn. Pool #AC2872 4.00% 6/20/2042 <sup>(a)</sup>  | 102 | 100 |
| Government National Mortgage Assn. Pool #799343 3.50% 7/15/2042 <sup>(a)</sup>  | 284 | 274 |
| Government National Mortgage Assn. Pool #AB1330 2.75% 8/15/2042 <sup>(a)</sup>  | 203 | 186 |
| Government National Mortgage Assn. Pool #AB1591 2.75% 9/15/2042 <sup>(a)</sup>  | 173 | 159 |
| Government National Mortgage Assn. Pool #AG5105 3.50% 9/20/2043 <sup>(a)</sup>  | 246 | 233 |
| Government National Mortgage Assn. Pool #AG5106 4.00% 9/20/2043 <sup>(a)</sup>  | 341 | 332 |
| Government National Mortgage Assn. Pool #AA7306 3.50% 11/20/2043 <sup>(a)</sup>  | 613 | 578 |
| Government National Mortgage Assn. Pool #AH5880 3.75% 5/20/2044 <sup>(a)</sup>  | 766 | 731 |
| Government National Mortgage Assn. Pool #AH5881 4.25% 5/20/2044 <sup>(a)</sup>  | 404 | 398 |
| Government National Mortgage Assn. Pool #MA3727 4.00% 6/20/2046 <sup>(a)</sup>  | 841 | 815 |
| Government National Mortgage Assn. Pool #MA4511 4.00% 6/20/2047 <sup>(a)</sup>  | 2660 | 2612 |

---

---

| | |
|:---|:---|
| **17** | American Funds Mortgage Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Government National Mortgage Assn. Pool #MA6041 4.50% 7/20/2049 <sup>(a)</sup>  | USD214 | $215 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 <sup>(a)</sup>  | 6 | 6 |
| Government National Mortgage Assn. Pool #MA6709 2.50% 6/20/2050 <sup>(a)</sup>  | 43 | 38 |
| Government National Mortgage Assn. Pool #MA6994 2.00% 11/20/2050 <sup>(a)</sup>  | 7059 | 5987 |
| Government National Mortgage Assn. Pool #BZ3978 2.50% 11/20/2050 <sup>(a)</sup>  | 4870 | 4291 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(a)</sup>  | 84941 | 72087 |
| Government National Mortgage Assn. Pool #MA7533 2.00% 8/20/2051 <sup>(a)</sup>  | 68622 | 58194 |
| Government National Mortgage Assn. Pool #785575 2.50% 8/20/2051 <sup>(a)</sup>  | 53132 | 46441 |
| Government National Mortgage Assn. Pool #785659 2.50% 10/20/2051 <sup>(a)</sup>  | 5846 | 5122 |
| Government National Mortgage Assn. Pool #785792 2.50% 12/20/2051 <sup>(a)</sup>  | 71316 | 62268 |
| Government National Mortgage Assn. Pool #786706 2.50% 12/20/2051 <sup>(a)</sup>  | 5519 | 4816 |
| Government National Mortgage Assn. Pool #MA7827 2.50% 1/20/2052 <sup>(a)</sup>  | 2524 | 2230 |
| Government National Mortgage Assn. Pool #785847 2.50% 1/20/2052 <sup>(a)</sup>  | 1958 | 1716 |
| Government National Mortgage Assn. Pool #MA7881 2.50% 2/20/2052 <sup>(a)</sup>  | 12400 | 10958 |
| Government National Mortgage Assn. Pool #MA7936 2.50% 3/20/2052 <sup>(a)</sup>  | 8052 | 7115 |
| Government National Mortgage Assn. Pool #786647 2.50% <br>3/20/2052 <sup>(a)</sup>  | 7313 | 6471 |
| Government National Mortgage Assn. Pool #786701 2.50% <br>3/20/2052 <sup>(a)</sup>  | 4708 | 4161 |
| Government National Mortgage Assn. Pool #MA7937 3.00% 3/20/2052 <sup>(a)</sup>  | 4535 | 4165 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(a)</sup>  | 3679 | 3251 |
| Government National Mortgage Assn. Pool #MA7988 3.00% 4/20/2052 <sup>(a)</sup>  | 3443 | 3163 |
| Government National Mortgage Assn. Pool #MA8266 3.50% 9/20/2052 <sup>(a)</sup>  | 19768 | 18808 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(a)</sup>  | 7569 | 7365 |
| Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/2053 <sup>(a)</sup>  | 5544 | 5383 |
| Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053 <sup>(a)</sup>  | 3536 | 3434 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(a)</sup>  | 16273 | 16179 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(a)</sup>  | 1669 | 1614 |
| Government National Mortgage Assn. Pool #MB0147 5.50% 1/20/2055 <sup>(a)</sup>  | 2457 | 2497 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(a)</sup>  | 1585 | 1608 |
| Government National Mortgage Assn. Pool #MB0424 5.50% 6/20/2055 <sup>(a)</sup>  | 9586 | 9721 |
| Government National Mortgage Assn. Pool #MB0485 5.50% 7/20/2055 <sup>(a)</sup>  | 8341 | 8458 |
| Government National Mortgage Assn. Pool #773441 5.20% 4/20/2062 <sup>(a)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AQ8290 4.887% 2/20/2066 <sup>(a)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AQ8292 5.197% 2/20/2066 <sup>(a)</sup>  | 1 | 1 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(a)</sup>  | 7629 | 5785 |
| Government National Mortgage Assn., Series 2016-H13, Class IO, interest only, 0.48% 5/20/2066 <sup>(a)(d)</sup>  | 2052 | 22 |
| Uniform Mortgage-Backed Security 2.50% 3/1/2041 <sup>(a)(e)</sup>  | 5681 | 5418 |
| Uniform Mortgage-Backed Security 4.00% 3/1/2041 <sup>(a)(e)</sup>  | 6857 | 6800 |
| Uniform Mortgage-Backed Security 2.50% 4/1/2041 <sup>(a)(e)</sup>  | 6469 | 6172 |
| Uniform Mortgage-Backed Security 4.00% 4/1/2041 <sup>(a)(e)</sup>  | 4143 | 4104 |
| Uniform Mortgage-Backed Security 2.00% 3/1/2056 <sup>(a)(e)</sup>  | 8762 | 7261 |
| Uniform Mortgage-Backed Security 2.50% 3/1/2056 <sup>(a)(e)</sup>  | 122604 | 106249 |
| Uniform Mortgage-Backed Security 3.00% 3/1/2056 <sup>(a)(e)</sup>  | 21779 | 19699 |
| Uniform Mortgage-Backed Security 3.50% 3/1/2056 <sup>(a)(e)</sup>  | 46099 | 43449 |
| Uniform Mortgage-Backed Security 5.00% 3/1/2056 <sup>(a)(e)</sup>  | 50000 | 50236 |
| Uniform Mortgage-Backed Security 5.50% 3/1/2056 <sup>(a)(e)</sup>  | 33442 | 33984 |
| Uniform Mortgage-Backed Security 6.00% 3/1/2056 <sup>(a)(e)</sup>  | 376393 | 386121 |
| Uniform Mortgage-Backed Security 6.50% 3/1/2056 <sup>(a)(e)</sup>  | 38644 | 40143 |
| Uniform Mortgage-Backed Security 7.00% 3/1/2056 <sup>(a)(e)</sup>  | 57735 | 60651 |
| Uniform Mortgage-Backed Security 2.00% 4/1/2056 <sup>(a)(e)</sup>  | 147724 | 122419 |
| Uniform Mortgage-Backed Security 3.00% 4/1/2056 <sup>(a)(e)</sup>  | 42347 | 38284 |
| Uniform Mortgage-Backed Security 4.00% 4/1/2056 <sup>(a)(e)</sup>  | 25746 | 24951 |
| Uniform Mortgage-Backed Security 4.00% 5/1/2056 <sup>(a)(e)</sup>  | 34521 | 33428 |
|  |  | 9087663 |
| **Commercial mortgage-backed securities 0.64%** | **Commercial mortgage-backed securities 0.64%** | **Commercial mortgage-backed securities 0.64%** |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(a)(c)(d)</sup>  | 31782 | 32779 |
| Extended Stay America Trust, Series 2026-ESH2, Class A, (1-month USD CME Term SOFR + 1.20%) 4.86% <br> 2/15/2043 <sup>(a)(c)(d)</sup>  | 15000 | 15024 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 4.505% 11/15/2038 <sup>(a)(c)(d)</sup>  | 15124 | 15125 |
| StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 4.66% 1/15/2039 <sup>(a)(c)(d)</sup>  | 21530 | 21535 |
|  |  | 84463 |

---

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **18** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) 0.29%** | **Collateralized mortgage-backed obligations (privately originated) 0.29%** | **Collateralized mortgage-backed obligations (privately originated) 0.29%** |
| Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049 <sup>(a)(c)(d)</sup>  | USD28 | $28 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(a)(c)(d)</sup>  | 12621 | 12216 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(a)(c)(d)</sup>  | 703 | 654 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(a)(c)</sup>  | 2921 | 2932 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 <sup>(a)(c)(d)</sup>  | 12461 | 12698 |
| PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 <sup>(a)(c)(d)</sup>  | 7761 | 7932 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(a)(c)(d)</sup>  | 2188 | 2169 |
|  |  | 38629 |
| **Total mortgage-backed obligations** |  | 9210755 |
| **U.S. Treasury bonds & notes 7.91%** | **U.S. Treasury bonds & notes 7.91%** | **U.S. Treasury bonds & notes 7.91%** |
| **U.S. Treasury 7.91%** | **U.S. Treasury 7.91%** | **U.S. Treasury 7.91%** |
| U.S. Treasury 4.50% 3/31/2026  | 20000 | 20013 |
| U.S. Treasury 4.375% 7/31/2026  | 37000 | 37112 |
| U.S. Treasury 0.875% 9/30/2026  | 400 | 394 |
| U.S. Treasury 3.50% 9/30/2026  | 44000 | 43967 |
| U.S. Treasury 4.125% 1/31/2027  | 27000 | 27141 |
| U.S. Treasury 3.75% 6/30/2027  | 28376 | 28483 |
| U.S. Treasury 3.50% 10/31/2027  | 110000 | 110134 |
| U.S. Treasury 3.875% 12/31/2027  | 45041 | 45414 |
| U.S. Treasury 1.25% 5/31/2028  | 3800 | 3626 |
| U.S. Treasury 1.25% 6/30/2028  | 19000 | 18101 |
| U.S. Treasury 4.125% 7/31/2028  | 118000 | 120042 |
| U.S. Treasury 1.75% 1/31/2029  | 10000 | 9548 |
| U.S. Treasury 4.50% 5/31/2029 <sup>(f)</sup>  | 136000 | 140533 |
| U.S. Treasury 3.625% 12/31/2030  | 15047 | 15119 |
| U.S. Treasury 4.125% 10/31/2031  | 5184 | 5322 |
| U.S. Treasury 4.375% 1/31/2032  | 11000 | 11438 |
| U.S. Treasury 1.875% 2/15/2032  | 10000 | 9064 |
| U.S. Treasury 2.875% 5/15/2032  | 5822 | 5570 |
| U.S. Treasury 4.00% 6/30/2032  | 30000 | 30570 |
| U.S. Treasury 3.875% 12/31/2032 <sup>(f)</sup>  | 122000 | 123206 |
| U.S. Treasury 4.00% 11/15/2035  | 9233 | 9269 |
| U.S. Treasury 1.375% 11/15/2040  | 3168 | 2129 |
| U.S. Treasury 1.875% 2/15/2041  | 18333 | 13242 |
| U.S. Treasury 3.25% 5/15/2042  | 8193 | 7046 |
| U.S. Treasury 1.875% 2/15/2051  | 11600 | 6772 |
| U.S. Treasury 2.00% 8/15/2051  | 11000 | 6583 |
| U.S. Treasury 4.625% 2/15/2055  | 45000 | 44887 |
| U.S. Treasury 4.75% 8/15/2055  | 63000 | 64171 |
| U.S. Treasury 4.625% 11/15/2055 <sup>(f)</sup>  | 79000 | 78889 |
| **Total U.S. Treasury bonds & notes** |  | 1037785 |
| **Asset-backed obligations 1.34%** | **Asset-backed obligations 1.34%** | **Asset-backed obligations 1.34%** |
| **Other asset-backed securities 0.40%** | **Other asset-backed securities 0.40%** | **Other asset-backed securities 0.40%** |
| Affirm Master Trust, Series 2026-1A, Class A, 4.37% 2/15/2034 <sup>(a)(c)</sup>  | 12612 | 12714 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(a)(c)</sup>  | 4945 | 4233 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(a)(c)</sup>  | 2187 | 1801 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(a)(c)</sup>  | 9348 | 7716 |
| DLLMT, LLC, Series 2026-1A, Class A2, 4.03% 7/20/2028 <sup>(a)(c)</sup>  | 9958 | 9977 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(a)(c)</sup>  | 12130 | 10318 |
| PEAC Solutions Receivables, LLC, Series 2026-1A, Class A2, 4.27% 10/20/2028 <sup>(a)(c)</sup>  | 6442 | 6468 |
|  |  | 53227 |
| **Auto loan 0.40%** | **Auto loan 0.40%** | **Auto loan 0.40%** |
| AutoNation Finance Trust, Series 2026-1A, Class A2, 3.95% 1/11/2029 <sup>(a)(c)</sup>  | 9862 | 9875 |
| Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A2, 4.10% 7/17/2028 <sup>(a)</sup>  | 4684 | 4686 |
| Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A3, 4.04% 12/17/2029 <sup>(a)</sup>  | 3194 | 3200 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(a)(c)</sup>  | 163 | 163 |
| Drive Auto Receivables Trust, Series 2024-2, Class A3, 4.50% 9/15/2028 <sup>(a)</sup>  | 2208 | 2210 |
| Exeter Automobile Receivables Trust, Series 2026-1A, Class A2, 4.08% 9/15/2028 <sup>(a)</sup>  | 7367 | 7370 |

---

---

| | |
|:---|:---|
| **19** | American Funds Mortgage Fund |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) |  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(a)(c)</sup>  | Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(a)(c)</sup>  | USD22,413 | $23227 |
| GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(a)(c)</sup>  | GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(a)(c)</sup>  | 1220 | 1222 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(a)</sup>  | Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(a)</sup>  | 19 | 19 |
|  |  |  | 51972 |
| **Collateralized loan obligations 0.31%** | **Collateralized loan obligations 0.31%** | **Collateralized loan obligations 0.31%** | **Collateralized loan obligations 0.31%** |
| 522 Funding CLO, Ltd., Series 2019-5A, Class AR2, (3-month USD CME Term SOFR + 1.02%) 4.68% <br>4/15/2035 <sup>(a)(c)(d)</sup>  | 522 Funding CLO, Ltd., Series 2019-5A, Class AR2, (3-month USD CME Term SOFR + 1.02%) 4.68% <br>4/15/2035 <sup>(a)(c)(d)</sup>  | 2399 | 2400 |
| Ballyrock CLO, Ltd., Series 2022-20A, Class A1A3, (3-month USD CME Term SOFR + 1.05%) 4.722% <br>10/15/2036 <sup>(a)(c)(d)</sup>  | Ballyrock CLO, Ltd., Series 2022-20A, Class A1A3, (3-month USD CME Term SOFR + 1.05%) 4.722% <br>10/15/2036 <sup>(a)(c)(d)</sup>  | 15000 | 15008 |
| Canyon Capital CLO, Ltd., Series 2021-1A, Class AR, (3-month USD CME Term SOFR + 1.05%) 4.722% <br>4/15/2034 <sup>(a)(c)(d)</sup>  | Canyon Capital CLO, Ltd., Series 2021-1A, Class AR, (3-month USD CME Term SOFR + 1.05%) 4.722% <br>4/15/2034 <sup>(a)(c)(d)</sup>  | 11856 | 11868 |
| Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.752% 7/15/2036 <sup>(a)(c)(d)</sup>  | Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.752% 7/15/2036 <sup>(a)(c)(d)</sup>  | 8000 | 8017 |
| Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 4.922% <br>7/15/2036 <sup>(a)(c)(d)</sup>  | Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 4.922% <br>7/15/2036 <sup>(a)(c)(d)</sup>  | 3000 | 3003 |
|  |  |  | 40296 |
| **Student loan 0.17%** | **Student loan 0.17%** | **Student loan 0.17%** | **Student loan 0.17%** |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(a)(c)</sup>  | Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(a)(c)</sup>  | 3239 | 3075 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(a)(c)</sup>  | Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(a)(c)</sup>  | 2389 | 2287 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(a)(c)</sup>  | Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(a)(c)</sup>  | 11176 | 10630 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.522% <br> 4/20/2062 <sup>(a)(c)(d)</sup>  | Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.522% <br> 4/20/2062 <sup>(a)(c)(d)</sup>  | 5889 | 5878 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(a)(c)</sup>  | SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(a)(c)</sup>  | 981 | 908 |
|  |  |  | 22778 |
| **Credit card 0.06%** | **Credit card 0.06%** | **Credit card 0.06%** | **Credit card 0.06%** |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(a)</sup>  | Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(a)</sup>  | 7488 | 7534 |
| **Total asset-backed obligations** | **Total asset-backed obligations** |  | 175807 |
| **Total bonds, notes & other debt instruments** (cost: $10,342,056,000) | **Total bonds, notes & other debt instruments** (cost: $10,342,056,000) |  | 10424347 |
| Short-term securities 27.31% |  | Shares |  |
| **Money market investments 3.92%** | **Money market investments 3.92%** | **Money market investments 3.92%** | **Money market investments 3.92%** |
| Capital Group Central Cash Fund 3.65% <sup>(g)(h)</sup>  | Capital Group Central Cash Fund 3.65% <sup>(g)(h)</sup>  | 5140697 | 514070 |
|  | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>|  |
| **Federal agency bills & notes 23.39%** | **Federal agency bills & notes 23.39%** | **Federal agency bills & notes 23.39%** | **Federal agency bills & notes 23.39%** |
| Federal Farm Credit Banks 3/4/2026  | 3.508<br> %<br>| USD70,000 | 69986 |
| Federal Home Loan Bank 3/4/2026  | 3.549 | 450000 | 449912 |
| Federal Home Loan Bank 3/11/2026  | 3.689 | 67000 | 66941 |
| Federal Home Loan Bank 3/13/2026  | 3.680 | 150000 | 149840 |
| Federal Home Loan Bank 4/8/2026  | 3.506 | 300000 | 298886 |
| Federal Home Loan Bank 4/14/2026  | 3.547 | 172000 | 171258 |
| Federal Home Loan Bank 4/15/2026  | 3.429 | 125000 | 124449 |
| Federal Home Loan Bank 4/17/2026  | 3.535 | 125000 | 124424 |
| Federal Home Loan Bank 4/22/2026  | 3.565 | 50000 | 49745 |
| Federal Home Loan Bank 4/27/2026  | 3.520 | 250000 | 248598 |
| Federal Home Loan Bank 4/29/2026  | 3.566 | 350000 | 347978 |
| Federal Home Loan Bank 5/4/2026  | 3.526 | 350000 | 347803 |
| Federal Home Loan Bank 5/6/2026  | 3.571 | 75000 | 74514 |
| Federal Home Loan Bank 5/15/2026  | 3.570 | 75000 | 74447 |

---

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **20** |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** | **Federal agency bills & notes (continued)** |
| Federal Home Loan Bank 5/20/2026  | 3.568<br> %<br>| USD64,000 | $63496 |
| Federal Home Loan Bank 5/22/2026  | 3.562 | 250000 | 247981 |
| Federal Home Loan Bank 6/18/2026  | 3.545 | 160000 | 158278 |
| **Total short-term securities** (cost: $3,582,330,000) | **Total short-term securities** (cost: $3,582,330,000) | **Total short-term securities** (cost: $3,582,330,000) | 3582606 |
| **Total investment securities 106.76%** (cost: $13,924,386,000) | **Total investment securities 106.76%** (cost: $13,924,386,000) |  | 14006953 |
| Other assets less liabilities (6.76)% | Other assets less liabilities (6.76)% |  | (886896)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $13120057 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 2/28/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 228 | 3/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD91,549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(53)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 28304 | 7/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5923275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9150 |
| 5 Year U.S. Treasury Note Futures | Long | 20056 | 7/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2208981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10462 |
| 10 Year Ultra U.S. Treasury Note Futures | Long | 3819 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2371 |
| 10 Year U.S. Treasury Note Futures | Short | 853 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (97082)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (294)<br>|
| 20 Year U.S. Treasury Bond Futures | Long | 1448 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1315 |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 3040 | 6/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4355 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $27306 |

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>2/28/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 2/28/2026 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>2/28/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 2/28/2026 <br>(000) |
| SOFR | Annual | 3.6038% | Annual | &nbsp;&nbsp; 1/8/2034 | USD46,550 | &nbsp;&nbsp; $(637)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(637)<br>|
| SOFR | Annual | 3.41% | Annual | &nbsp;&nbsp; 7/28/2045 | 115000 | &nbsp;&nbsp; 7446 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7446 |
|  |  |  |  |  |  | &nbsp;&nbsp; $6809 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6809 |

---

**Investments in affiliates** <sup>(h)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>9/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>2/28/2026 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 3.92%** |  |  |  |  |  |  |  |
| **Money market investments 3.92%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.65% <sup>(g)</sup>  | $1015625 | &nbsp;&nbsp; $5644962 | &nbsp;&nbsp; $6146573 | &nbsp;&nbsp; $202 | &nbsp;&nbsp; $(146)<br>| &nbsp;&nbsp; $514070 | &nbsp;&nbsp; $19046 |

---

---

| | |
|:---|:---|
| **21** | American Funds Mortgage Fund |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(b)</sup> Amount less than one thousand.

<sup>(c)</sup> 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 $297,749,000, which represented 2.27% of the net assets of the fund. 

<sup>(d)</sup> 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. 

<sup>(e)</sup> Represents securities transacted on a TBA basis.

<sup>(f)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $99,255,000, which represented 0.76% of the net assets of the fund. 

<sup>(g)</sup> Rate represents the seven-day yield at 2/28/2026.

<sup>(h)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **22** |

---

------

Financial statements

**Statement of assets and liabilities** at February 28, 2026unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value: |  |  |
| Unaffiliated issuers (cost: $13,410,333) | $13492883 |  |
| Affiliated issuers (cost: $514,053) | 514070 | $14006953 |
| Cash |  | 8880 |
| Receivables for: |  |  |
| Sales of investments | 491547 |  |
| Sales of fund's shares | 1265 |  |
| Dividends and interest | 55025 |  |
| Variation margin on futures contracts | 19459 |  |
| Variation margin on centrally cleared swap contracts | 33 | 567329<br>|
|  |  | 14583162 |
| **Liabilities:** |  |  |
| Payables for: |  |  |
| Purchases of investments | 1455391 |  |
| Repurchases of fund's shares | 3310 |  |
| Dividends on fund's shares | 78 |  |
| Investment advisory services | 2363 |  |
| Services provided by related parties | 396 |  |
| Trustees' deferred compensation | 163 |  |
| Variation margin on futures contracts | 197 |  |
| Variation margin on centrally cleared swap contracts | 1201 |  |
| Other | 6 | 1463105<br>|
| **Net assets at February 28, 2026** |  | $13120057 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of beneficial interest |  | $14035504 |
| Total distributable earnings (accumulated loss) |  | (915447) <br>|
| **Net assets at February 28, 2026** |  | $13120057 |

---

------

(dollars and shares in thousands, except per-share amounts)

**Shares of beneficial interest issued and outstanding (no stated par value) —**

**unlimited shares authorized (1,452,079 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $191635 | 21210 | $9.04 |
| Class C | 6594 | 738 | 8.94 |
| Class T | 9 | 1 | 9.03 |
| Class F-1 | 26217 | 2901 | 9.04 |
| Class F-2 | 467527 | 51719 | 9.04 |
| Class F-3 | 110822 | 12262 | 9.04 |
| Class 529-A | 19065 | 2111 | 9.03 |
| Class 529-C | 925 | 104 | 8.91 |
| Class 529-E | 860 | 95 | 9.03 |
| Class 529-T | 12 | 1 | 9.03 |
| Class 529-F-1 | 10 | 1 | 9.03 |
| Class 529-F-2 | 5574 | 617 | 9.04 |
| Class 529-F-3 | 10 | 1 | 9.04 |
| Class R-1 | 2454 | 275 | 8.93 |
| Class R-2 | 2682 | 301 | 8.93 |
| Class R-2E | 102 | 11 | 9.01 |
| Class R-3 | 52254 | 5803 | 9.00 |
| Class R-4 | 11608 | 1284 | 9.04 |
| Class R-5E | 830 | 92 | 9.04 |
| Class R-5 | 679 | 75 | 9.04 |
| Class R-6 | 12220188 | 1352477 | 9.04 |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **23** | American Funds Mortgage Fund |

---

------

Financial statements (continued)

**Statement of operations** for the six months ended February 28, 2026unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Interest from unaffiliated issuers | $278479 |  |
| Dividends from affiliated issuers | 19046 | $297525 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 15747 |  |
| Distribution services | 492 |  |
| Transfer agent services | 530 |  |
| Administrative services | 1843 |  |
| 529 plan services | 7 |  |
| Reports to shareholders | 20 |  |
| Registration statement and prospectus | 577 |  |
| Trustees' compensation | 33 |  |
| Auditing and legal | 109 |  |
| Custodian | 38 |  |
| Other | 26 |  |
| Total fees and expenses before waivers and/or reimbursements | 19422 |  |
| Less waivers and/or reimbursements of fees and expenses: |  |  |
| Investment advisory services waiver | 1486 |  |
| Transfer agent services waiver | — <br><sup>†</sup><br>|  |
| Total fees and expenses after waivers and/or reimbursements |  | 17936<br>|
| Net investment income |  | 279589<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments: |  |  |
| Unaffiliated issuers | 72019 |  |
| Affiliated issuers | 202 |  |
| Futures contracts | 35347 |  |
| Swap contracts | 797 | 108365 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments: |  |  |
| Unaffiliated issuers | 103322 |  |
| Affiliated issuers | (146)<br>|  |
| Options written | (66)<br>|  |
| Futures contracts | 7803 |  |
| Swap contracts | (3533)<br>| 107380<br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 215745<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $495334 |

---

\*

Additional information related to class-specific fees and expenses is included in the notes to financial statements.

<sup>†</sup>

Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **24** |

---

------

Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Six months ended** <br>**February 28,**<br>| **Year ended** <br>**August 31,**<br>|
|  | **2026\*** | **2025** |
| **Operations:** |  |  |
| Net investment income | $279589 | $555261 |
| Net realized gain (loss) | 108365 | (68648)<br>|
| Net unrealized appreciation (depreciation) | 107380 | (3526)<br>|
| Net increase (decrease) in net assets resulting from operations | 495334 | 483087 |
| **Distributions paid or accrued to shareholders** | (277908)<br>| (538224)<br>|
| **Net capital share transactions** | 980334 | 931585 |
| **Total increase (decrease) in net assets**  | 1197760 | 876448 |
| **Net assets:** |  |  |
| Beginning of period | 11922297 | 11045849 |
| End of period | $13120057 | $11922297 |

---

\*

Unaudited.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **25** | American Funds Mortgage Fund |

---

------

Notes to financial statementsunaudited

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

------

American Funds Mortgage Fund (the "fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, diversified management investment company. The fund seeks to provide current income and preservation of capital.

The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund's share classes are described further in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Initial sales charge** | &nbsp;&nbsp; **Contingent deferred sales** <br>**charge upon redemption**<br>| **Conversion feature** |
| Class A | Up to 3.75% | &nbsp;&nbsp; None (except 0.75% for certain <br> redemptions within 18 months of purchase <br> without an initial sales charge)<br>|  |
| Class 529-A | Up to 3.50% | &nbsp;&nbsp; None (except 1.00% for certain <br> redemptions within 18 months of purchase <br> without an initial sales charge)<br>|  |
| Classes C and 529-C |  | &nbsp;&nbsp; 1.00% for redemptions within one year of <br> purchase<br>| &nbsp;&nbsp; Class C converts to Class A <br> after eight years and Class 529-C <br> converts to Class 529-A after five years<br>|
| Class 529-E |  |  |  |
| Classes T and 529-T\* | Up to 2.50% |  |  |
| Classes F-1, F-2, F-3, 529-F-1, <br> 529-F-2 and 529-F-3<br>|  |  |  |
| Classes R-1, R-2, R-2E, R-3, R-4, <br> R-5E, R-5 and R-6<br>|  |  |  |

---

\*

Class T and 529-T shares are not available for purchase.

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

**2. Significant accounting policies**

------

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the fund's investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

**Operating segments** — The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the fund's Principal Executive Officer and Principal Financial Officer, serves as the fund's chief operating decision maker ("CODM"), who act in accordance with Board of Trustee reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **26** |

---

------

**Security transactions and related investment income** — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

**Class allocations** — Income, fees and expenses (other than class-specific fees and expenses) are allocated daily among the various share classes based on the relative value of their settled shares. Realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

**Distributions paid or accrued to shareholders** — Income dividends are declared daily after the determination of the fund's net investment income and are paid to shareholders monthly. Capital gain distributions are recorded on the ex-dividend date.

**3. Valuation**

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| All | &nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing models <br> such as yield measures calculated using factors such as cash flows, financial <br> or collateral performance and other reference data (collectively referred to <br> as "standard inputs")<br>|
| 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 | &nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information <br>|

---

The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract.

---

| | |
|:---|:---|
| **27** | American Funds Mortgage Fund |

---

------

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of February 28, 2026, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations | $— | $9210755 | $— | $9210755 |
| U.S. Treasury bonds & notes |  | 1037785 |  | 1037785 |
| Asset-backed obligations |  | 175807 |  | 175807 |
| Short-term securities  | 514070 | 3068536 |  | 3582606 |
| Total | $514070 | $13492883 | $— | $14006953 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments\*** | **Other investments\*** | **Other investments\*** | **Other investments\*** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $27653 | $— | $— | $27653 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 7446 |  | 7446 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (347)<br>|  |  | (347)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (637)<br>|  | (637)<br>|
| Total  | $27306 | $6809 | $— | $34115 |

---

\*

Futures contracts and interest rate swaps are not included in the fund's investment portfolio.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **28** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**4. Risk factors**

------

Investing in the fund may involve certain risks including, but not limited to, those described below.

**Investing in mortgage-related and other asset-backed securities** — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. While such securities are subject to the risks associated with investments in debt instruments generally (for example, credit, extension and interest rate risks), they are also subject to other and different risks. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt, potentially increasing the volatility of the securities and the fund's net asset value. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund's income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund's cash available for reinvestment in higher yielding securities. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations and the value of property that secures the mortgages may decline in value and be insufficient, upon foreclosure, to repay the associated loans. Investments in asset-backed securities are subject to similar risks.

**Market conditions** — The prices of, and the income generated by, the securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund's investments may be negatively affected by developments in other countries and regions.

**Issuer risks** — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.

**Investing in debt instruments** — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

---

| | |
|:---|:---|
| **29** | American Funds Mortgage Fund |

---

------

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund's securities could cause the value of the fund's shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund's investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

**Liquidity risk** — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs or to try to limit losses, or may be forced to sell at a loss.

**Investing in securities backed by the U.S. government** — U.S. government securities are subject to market risk, interest rate risk and credit risk. Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Notwithstanding that these securities are backed by the full faith and credit of the U.S. government, circumstances could arise that would prevent or delay the payment of interest or principal on these securities, which could adversely affect their value and cause the fund to suffer losses. Such an event could lead to significant disruptions in U.S. and global markets. Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government.

**Investments in future delivery contracts** — The fund may enter into transactions involving future delivery contracts, such as to-be-announced (TBA) contracts and mortgage dollar rolls. These contracts involve the purchase or sale of mortgage-backed securities for settlement at a future date and predetermined price. When the fund purchases these contracts, this can increase the fund's market exposure because the value of securities the fund contracts to purchase is reflected each day in determining the fund's net asset value and the fund is not required to pay for or obtain the securities until settlement date. When the fund enters into a TBA commitment for the sale of mortgage-backed securities (which may be referred to as having a short position in such TBA securities), the fund may or may not hold the types of mortgage-backed securities required to be delivered. The fund may choose to roll these transactions in lieu of settling them.

When the fund rolls the purchase of these types of future delivery transactions, the fund simultaneously sells the mortgage-backed securities for delivery in the current month and repurchases substantially similar securities for delivery at a future date at a predetermined price. When the fund rolls the sale of these transactions rather than settling them, the fund simultaneously purchases the mortgage-backed securities for delivery in the current month and sells substantially similar securities for delivery at a future date at a predetermined price. Such roll transactions can increase the turnover rate of the fund and may increase the risk that market prices may move unfavorably between the original and new contracts, potentially resulting in losses or reduced returns for the fund.

**Investing in inflation-linked bonds** — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security's inflation measure.

Investing in inflation-linked bonds may also reduce the fund's distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **30** |

---

------

**Investing in derivatives** — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause the fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund's use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund's returns and increase the fund's price volatility. The fund's counterparty to a derivative transaction (including, if applicable, the fund's clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are also subject to operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).

**Leverage risk** — Certain transactions of the fund may give rise to leverage. These transactions may include, among others, derivatives, future delivery contracts and when-issued, delayed delivery or forward commitment transactions. As a result, increases and decreases in the value of the fund's portfolio may be magnified, and the fund may be exposed to a heightened risk of loss and increased costs.

**Management** — The investment adviser to the fund actively manages the fund's investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

**5. Certain investment techniques**

------

**Index-linked bonds** — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund's statement of operations.

**Mortgage dollar rolls** — The fund has entered into mortgage dollar roll transactions of TBA securities in which the fund sells a TBA mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar TBA security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions and may result in an increase to the fund's portfolio turnover rate. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund's financial highlights table.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Option contracts** — The fund has entered into option contracts, which give the purchaser of the option, in return for a premium payment, the right to buy from (in the case of a call) or sell to (in the case of a put) the writer of the option the reference instrument underlying the option (or the cash value of the instrument underlying the option) at a specified exercise price. The writer of an option on a security has the obligation, upon exercise of the option, to cash settle or deliver the underlying currency or instrument upon payment of the exercise price (in the case of a call) or to cash settle or take delivery of the underlying currency or instrument and pay the exercise price (in the case of a put).

By purchasing a put option, the fund obtains the right (but not the obligation) to sell the currency or instrument underlying the option (or to deliver the cash value of the instrument underlying the option) at a specified exercise price. In return for this right, the fund pays the current market price, or the option premium, for the option. The fund may terminate its position in a put option by allowing the option to expire or by exercising the option. If the option is allowed to expire, the fund will lose the entire amount of the premium paid. If the option is exercised, the fund completes the sale of the underlying instrument (or cash settles) at the exercise price. The fund may also terminate a put option position by entering into opposing close-out transactions in advance of the option expiration date.

The features of call options are essentially the same as those of put options, except that the purchaser of a call option obtains the right (but not the obligation) to purchase, rather than sell, the underlying currency or instrument (or cash settle) at the specified exercise price. The buyer of a call option typically attempts to participate in potential price increases of the underlying currency or instrument with risk limited to the cost of the option if the price of the underlying currency or instrument falls. At the same time, the call option buyer can expect to suffer a loss if the price of the underlying currency or instrument does not rise sufficiently to offset the cost of the option.

---

| | |
|:---|:---|
| **31** | American Funds Mortgage Fund |

---

------

The writer of a put or call option takes the opposite side of the transaction from the option purchaser. In return for receipt of the option premium, the writer assumes the obligation to pay or receive the exercise price for the option's underlying currency or instrument if the other party to the option chooses to exercise it. The writer may seek to terminate a position in a put option before exercise by entering into opposing close-out transactions in advance of the option expiration date. If the market for the relevant put option is not liquid, however, the writer must be prepared to pay the exercise price while the option is outstanding, regardless of price changes. Writing a call option obligates the writer to, upon exercise of the option, deliver the option's underlying currency or instrument in return for the exercise price or to make a net cash settlement payment, as applicable. The characteristics of writing call options are similar to those of writing put options, except that writing call options is generally a profitable strategy if prices remain the same or fall. The potential gain for the option seller in such a transaction would be capped at the premium received.

Option contracts can be either equity style (premium is paid in full when the option is opened) or futures style (premium moves as part of variation margin over the life of the option, and is paid in full when the option is closed). For equity style options, premiums paid on options purchased, as well as the daily fluctuation in market value, are included in investment securities in the fund's statement of asset and liabilities, and premiums received on options written, as well as the daily fluctuation in market value, are included in options written at value in the fund's statement of assets and liabilities. The net realized gains or losses and net unrealized appreciation or depreciation from equity style options are recorded in investments for purchased options and in options written for written options in the fund's statement of operations and statements of changes in net assets.

Option contracts can take different forms. The fund has entered into the following types of option contracts:

**Options on futures** — The fund has entered into options on futures contracts to seek to manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. An option on a futures contract gives the holder of the option the right to buy or sell a position in a futures contract from or to the writer of the option, at a specified price on or before the specified expiration date. The average month-end notional amount of options on futures while held was $3,516,222,000. As of February 28, 2026, the fund did not hold any options on futures.

**Futures contracts** — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio.

Upon entering into futures contracts, and to maintain the fund's open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant ("FCM"), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund's statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund's statement of operations. The average month-end notional amount of futures contracts while held was $9,553,006,000.

**Swap contracts** — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant's swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

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| | |
|:---|:---|
| American Funds Mortgage Fund | **32** |

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------

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund's statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund's statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund's statement of operations.

Swap agreements can take different forms. The fund has entered into the following types of swap agreements:

**Interest rate swaps** — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund's current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $191,231,000.

The following tables identify the location and fair value amounts on the fund's statement of assets and liabilities and the effect on the fund's statement of operations resulting from the fund's use of option contracts, futures contracts and interest rate swaps as of, or for the six months ended, February 28, 2026 (dollars in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation\* | $27653 | Unrealized depreciation\* | $347 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation\* | 7446 | Unrealized depreciation\* | 637 |
|  |  |  | $35099 |  | $984 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | **Location on statement of operations** | **Value** | **Location on statement of operations** | **Value** |
| Options written <br> (equity style)<br>| Currency | Net realized gain (loss) on options written | $— | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on options written<br>| $(66)<br>|
| Futures | Interest | Net realized gain (loss) on futures contracts | 35347 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| 7803 |
| Swap | Interest | Net realized gain (loss) on swap contracts | 797 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (3533)<br>|
|  |  |  | $36144 |  | $4204 |

---

\*

Includes cumulative appreciation/depreciation on futures contracts and centrally cleared interest rate swaps as reported in the applicable tables following the fund's investment portfolio. Only current day's variation margin is reported within the fund's statement of assets and liabilities.

---

| | |
|:---|:---|
| **33** | American Funds Mortgage Fund |

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------

**Collateral** — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of option contracts, futures contracts, interest rate swaps and future delivery contracts. For options on futures, futures contracts and centrally cleared interest rate swaps, the fund pledges collateral for initial and variation margin by contract. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund's investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund's custodian, which is reflected as pledged cash collateral in the fund's statement of assets and liabilities.

**6. Taxation and distributions**

------

**Federal income taxation** — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the period ended February 28, 2026, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.

The fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

**Distributions** — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as short-term capital gains and losses; cost of investments sold; net capital losses and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.

The components of distributable earnings on a tax basis are reported as of the fund's most recent year-end. As of August 31, 2025, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

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| | |
|:---|:---|
| Undistributed ordinary income | $2629 |
| Capital loss carryforward\* | (1126387)<br>|

---

\*

The capital loss carryforward will be used to offset any capital gains realized by the fund in the current year or in subsequent years. The fund will not make distributions from capital gains while a capital loss carryforward remains.

As of February 28, 2026, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Gross unrealized appreciation on investments | $188403 |
| Gross unrealized depreciation on investments | (72143)<br>|
| Net unrealized appreciation (depreciation) on investments | 116260 |
| Cost of investments | 13924808 |

---

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **34** |

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------

Tax-basis distributions paid or accrued to shareholders from ordinary income were as follows (dollars in thousands):

---

| | | |
|:---|:---|:---|
| <br>**Share class** | **Six months ended** <br>**February 28,**<br>**2026** | **Year ended** <br>**August 31,**<br>**2025** |
| Class A | &nbsp;&nbsp; $3803 | $7551 |
| Class C | &nbsp;&nbsp; 110 | 248 |
| Class T | &nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class F-1 | &nbsp;&nbsp; 608 | 1431 |
| Class F-2 | &nbsp;&nbsp; 9847 | 16959 |
| Class F-3 | &nbsp;&nbsp; 2444 | 4228 |
| Class 529-A | &nbsp;&nbsp; 382 | 797 |
| Class 529-C | &nbsp;&nbsp; 14 | 30 |
| Class 529-E | &nbsp;&nbsp; 13 | 27 |
| Class 529-T | &nbsp;&nbsp; — <br><sup>†</sup><br>| 1 |
| Class 529-F-1 | &nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | &nbsp;&nbsp; 129 | 289 |
| Class 529-F-3 | &nbsp;&nbsp; — <br><sup>†</sup><br>| 1 |
| Class R-1 | &nbsp;&nbsp; 78 | 199 |
| Class R-2 | &nbsp;&nbsp; 47 | 95 |
| Class R-2E | &nbsp;&nbsp; 2 | 5 |
| Class R-3 | &nbsp;&nbsp; 908 | 1847 |
| Class R-4 | &nbsp;&nbsp; 238 | 482 |
| Class R-5E | &nbsp;&nbsp; 18 | 43 |
| Class R-5 | &nbsp;&nbsp; 13 | 21 |
| Class R-6 | &nbsp;&nbsp; 259254 | 503970 |
| Total | &nbsp;&nbsp; $277908 | $538224 |

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<sup>†</sup>

Amount less than one thousand.

**7. Fees and transactions with related parties**

------

CRMC, the fund's investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the principal underwriter of the fund's shares, and American Funds Service Company® ("AFS"), the fund's transfer agent. CRMC, CCG and AFS are considered related parties to the fund.

**Investment advisory services** — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.155% on the first $15 billion of daily net assets and decreasing to 0.130% on such assets in excess of $15 billion. The agreement also provides for monthly fees, accrued daily, based on a series of decreasing rates beginning with 3.00% on the first $3,333,333 of the fund's monthly gross income and decreasing to 2.00% on such income in excess of $8,333,333. During the six months ended February 28, 2026, CRMC waived investment advisory services fees of $1,486,000. CRMC does not intend to recoup this waiver. As a result, the fees shown on the fund's statement of operations of $15,747,000, which were equivalent to an annualized rate of 0.256% of average daily net assets, were reduced to $14,261,000, which were equivalent to an annualized rate of 0.232% of average daily net assets.

**Class-specific fees and expenses** — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

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| | |
|:---|:---|
| **35** | American Funds Mortgage Fund |

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------

**Distribution services** — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

---

| | | |
|:---|:---|:---|
| **Share class** | **Currently approved limits** | **Plan limits** |
| Class A | 0.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>|
| Class 529-A | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |
| Classes C, 529-C and R-1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2 | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2E | 0.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 |
| Classes 529-E and R-3 | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |
| Classes T, F-1, 529-T, 529-F-1 and R-4 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |

---

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of February 28, 2026, unreimbursed expenses subject to reimbursement totaled $63,000 for Class A shares. There were no unreimbursed expenses subject to reimbursement for Class 529-A shares.

**Transfer agent services** — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund's share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders. For the six months ended February 28, 2026, AFS waived transfer agent services fees of less than $1,000 for Class R-2E and less than $1,000 for Class R-5E. AFS does not intend to recoup the waiver.

**Administrative services** — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC's provision of administrative services.

**529 plan services** — Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.

The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the six months ended February 28, 2026, the 529 plan services fees were $7,000, which were equivalent to 0.052% of the average daily net assets of each 529 share class.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **36** |

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For the six months ended February 28, 2026, class-specific expenses under the agreements were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Transfer agent** <br>**services**<br>| **Administrative** <br>**services**<br>| **529 plan** <br>**services**<br>|
| Class A | $231 | $156 | $28 | Not applicable |
| Class C | 33 | 5 | 1 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 36 | 19 | 4 | Not applicable |
| Class F-2 | Not applicable | 271 | 67 | Not applicable |
| Class F-3 | Not applicable | —<br> \*<br>| 16 | Not applicable |
| Class 529-A | 22 | 15 | 3 | $5 |
| Class 529-C | 4 | 1 | —<br> \*<br>| —<br> \*<br>|
| Class 529-E | 2 | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-T |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-1 |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | Not applicable | 3 | 1 | 2 |
| Class 529-F-3 | Not applicable |  | —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 23 | 3 | 1 | Not applicable |
| Class R-2 | 10 | 5 | —<br> \*<br>| Not applicable |
| Class R-2E | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class R-3 | 117 | 37 | 7 | Not applicable |
| Class R-4 | 14 | 6 | 2 | Not applicable |
| Class R-5E | Not applicable | 1 | —<br> \*<br>| Not applicable |
| Class R-5 | Not applicable | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class R-6 | Not applicable | 8 | 1713 | Not applicable |
| Total class-specific expenses | $492 | $530 | $1843 | $7 |

---

\*

Amount less than one thousand.

**Trustees' deferred compensation** — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees' compensation of $33,000 in the fund's statement of operations reflects $21,000 in current fees (either paid in cash or deferred) and a net increase of $12,000 in the value of the deferred amounts.

**Affiliated officers and trustees** — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from the fund.

**Investment in CCF** — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund's short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.

**Security transactions with related funds** — The fund may purchase investment securities from, or sell investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended February 28, 2026, the fund did not engage in any such purchase or sale transactions with any related funds.

**Interfund lending** — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended February 28, 2026.

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| | |
|:---|:---|
| **37** | American Funds Mortgage Fund |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**8. Indemnifications**

------

The fund's organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund's board members and officers.

**9. Capital share transactions**

------

Capital share transactions in the fund were as follows (dollars and shares in thousands):

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** | **Six months ended February 28, 2026** |
| Class A | $19192 | 2144 | &nbsp;&nbsp;&nbsp; $3746 | 418 | &nbsp;&nbsp;&nbsp; $(15102)<br>| (1688)<br>| &nbsp;&nbsp;&nbsp; $7836 | 874 |
| Class C | 635 | 72 | &nbsp;&nbsp;&nbsp; 110 | 12 | &nbsp;&nbsp;&nbsp; (1030)<br>| (116)<br>| &nbsp;&nbsp;&nbsp; (285)<br>| (32)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 3543 | 396 | &nbsp;&nbsp;&nbsp; 535 | 60 | &nbsp;&nbsp;&nbsp; (7978)<br>| (890)<br>| &nbsp;&nbsp;&nbsp; (3900)<br>| (434)<br>|
| Class F-2 | 108644 | 12132 | &nbsp;&nbsp;&nbsp; 9767 | 1090 | &nbsp;&nbsp;&nbsp; (69490)<br>| (7767)<br>| &nbsp;&nbsp;&nbsp; 48921 | 5455 |
| Class F-3 | 14974 | 1674 | &nbsp;&nbsp;&nbsp; 2275 | 254 | &nbsp;&nbsp;&nbsp; (11592)<br>| (1297)<br>| &nbsp;&nbsp;&nbsp; 5657 | 631 |
| Class 529-A | 2331 | 261 | &nbsp;&nbsp;&nbsp; 380 | 42 | &nbsp;&nbsp;&nbsp; (2535)<br>| (283)<br>| &nbsp;&nbsp;&nbsp; 176 | 20 |
| Class 529-C | 238 | 27 | &nbsp;&nbsp;&nbsp; 14 | 2 | &nbsp;&nbsp;&nbsp; (153)<br>| (18)<br>| &nbsp;&nbsp;&nbsp; 99 | 11 |
| Class 529-E | 351 | 39 | &nbsp;&nbsp;&nbsp; 13 | 1 | &nbsp;&nbsp;&nbsp; (135)<br>| (15)<br>| &nbsp;&nbsp;&nbsp; 229 | 25 |
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 442 | 50 | &nbsp;&nbsp;&nbsp; 127 | 14 | &nbsp;&nbsp;&nbsp; (1187)<br>| (133)<br>| &nbsp;&nbsp;&nbsp; (618)<br>| (69)<br>|
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class R-1 | 400 | 45 | &nbsp;&nbsp;&nbsp; 75 | 9 | &nbsp;&nbsp;&nbsp; (3468)<br>| (392)<br>| &nbsp;&nbsp;&nbsp; (2993)<br>| (338)<br>|
| Class R-2 | 309 | 35 | &nbsp;&nbsp;&nbsp; 47 | 6 | &nbsp;&nbsp;&nbsp; (523)<br>| (59)<br>| &nbsp;&nbsp;&nbsp; (167)<br>| (18)<br>|
| Class R-2E | 15 | 1 | &nbsp;&nbsp;&nbsp; 2 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; (1)<br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; 16 | 1 |
| Class R-3 | 11167 | 1252 | &nbsp;&nbsp;&nbsp; 905 | 101 | &nbsp;&nbsp;&nbsp; (5392)<br>| (604)<br>| &nbsp;&nbsp;&nbsp; 6680 | 749 |
| Class R-4 | 2031 | 227 | &nbsp;&nbsp;&nbsp; 238 | 27 | &nbsp;&nbsp;&nbsp; (1670)<br>| (187)<br>| &nbsp;&nbsp;&nbsp; 599 | 67 |
| Class R-5E | 171 | 19 | &nbsp;&nbsp;&nbsp; 18 | 2 | &nbsp;&nbsp;&nbsp; (396)<br>| (44)<br>| &nbsp;&nbsp;&nbsp; (207)<br>| (23)<br>|
| Class R-5 | 179 | 20 | &nbsp;&nbsp;&nbsp; 13 | 2 | &nbsp;&nbsp;&nbsp; (32)<br>| (4)<br>| &nbsp;&nbsp;&nbsp; 160 | 18 |
| Class R-6 | 1011727 | 113015 | &nbsp;&nbsp;&nbsp; 259238 | 28939 | &nbsp;&nbsp;&nbsp; (352834)<br>| (39439)<br>| &nbsp;&nbsp;&nbsp; 918131 | 102515 |
| Total net increase (decrease) | $1176349 | 131409 | &nbsp;&nbsp;&nbsp; $277503 | 30979 | &nbsp;&nbsp;&nbsp; $(473518)<br>| (52936)<br>| &nbsp;&nbsp;&nbsp; $980334 | 109452 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **38** |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** | **Year ended August 31, 2025** |
| Class A | $31646 | 3614 | &nbsp;&nbsp;&nbsp; $7437 | 847 | &nbsp;&nbsp;&nbsp; $(34128)<br>| (3899)<br>| &nbsp;&nbsp;&nbsp; $4955 | 562 |
| Class C | 1114 | 128 | &nbsp;&nbsp;&nbsp; 246 | 28 | &nbsp;&nbsp;&nbsp; (1593)<br>| (184)<br>| &nbsp;&nbsp;&nbsp; (233)<br>| (28)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 7754 | 888 | &nbsp;&nbsp;&nbsp; 1201 | 136 | &nbsp;&nbsp;&nbsp; (12413)<br>| (1417)<br>| &nbsp;&nbsp;&nbsp; (3458)<br>| (393)<br>|
| Class F-2 | 183378 | 20946 | &nbsp;&nbsp;&nbsp; 16755 | 1907 | &nbsp;&nbsp;&nbsp; (141884)<br>| (16180)<br>| &nbsp;&nbsp;&nbsp; 58249 | 6673 |
| Class F-3 | 73375 | 8348 | &nbsp;&nbsp;&nbsp; 3983 | 454 | &nbsp;&nbsp;&nbsp; (33433)<br>| (3838)<br>| &nbsp;&nbsp;&nbsp; 43925 | 4964 |
| Class 529-A | 4114 | 470 | &nbsp;&nbsp;&nbsp; 793 | 90 | &nbsp;&nbsp;&nbsp; (4732)<br>| (542)<br>| &nbsp;&nbsp;&nbsp; 175 | 18 |
| Class 529-C | 388 | 45 | &nbsp;&nbsp;&nbsp; 30 | 4 | &nbsp;&nbsp;&nbsp; (524)<br>| (61)<br>| &nbsp;&nbsp;&nbsp; (106)<br>| (12)<br>|
| Class 529-E | 34 | 4 | &nbsp;&nbsp;&nbsp; 27 | 3 | &nbsp;&nbsp;&nbsp; (134)<br>| (15)<br>| &nbsp;&nbsp;&nbsp; (73)<br>| (8)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 1791 | 205 | &nbsp;&nbsp;&nbsp; 287 | 32 | &nbsp;&nbsp;&nbsp; (2282)<br>| (260)<br>| &nbsp;&nbsp;&nbsp; (204)<br>| (23)<br>|
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class R-1 | 1033 | 119 | &nbsp;&nbsp;&nbsp; 199 | 23 | &nbsp;&nbsp;&nbsp; (1570)<br>| (182)<br>| &nbsp;&nbsp;&nbsp; (338)<br>| (40)<br>|
| Class R-2 | 705 | 82 | &nbsp;&nbsp;&nbsp; 95 | 11 | &nbsp;&nbsp;&nbsp; (494)<br>| (58)<br>| &nbsp;&nbsp;&nbsp; 306 | 35 |
| Class R-2E | 19 | 2 | &nbsp;&nbsp;&nbsp; 5 | 1 | &nbsp;&nbsp;&nbsp; (124)<br>| (14)<br>| &nbsp;&nbsp;&nbsp; (100)<br>| (11)<br>|
| Class R-3 | 8054 | 922 | &nbsp;&nbsp;&nbsp; 1835 | 210 | &nbsp;&nbsp;&nbsp; (13097)<br>| (1501)<br>| &nbsp;&nbsp;&nbsp; (3208)<br>| (369)<br>|
| Class R-4 | 2841 | 325 | &nbsp;&nbsp;&nbsp; 479 | 54 | &nbsp;&nbsp;&nbsp; (3578)<br>| (409)<br>| &nbsp;&nbsp;&nbsp; (258)<br>| (30)<br>|
| Class R-5E | 363 | 41 | &nbsp;&nbsp;&nbsp; 43 | 6 | &nbsp;&nbsp;&nbsp; (342)<br>| (40)<br>| &nbsp;&nbsp;&nbsp; 64 | 7 |
| Class R-5 | 90 | 10 | &nbsp;&nbsp;&nbsp; 21 | 3 | &nbsp;&nbsp;&nbsp; (32)<br>| (4)<br>| &nbsp;&nbsp;&nbsp; 79 | 9 |
| Class R-6 | 1120146 | 128255 | &nbsp;&nbsp;&nbsp; 503975 | 57395 | &nbsp;&nbsp;&nbsp; (792311)<br>| (90264)<br>| &nbsp;&nbsp;&nbsp; 831810 | 95386 |
| Total net increase (decrease) | $1436845 | 164404 | &nbsp;&nbsp;&nbsp; $537411 | 61204 | &nbsp;&nbsp;&nbsp; $(1042671)<br>| (118868)<br>| &nbsp;&nbsp;&nbsp; $931585 | 106740 |

---

\*

Includes exchanges between share classes of the fund.

<sup>†</sup>

Amount less than one thousand.

**10. Investment transactions**

------

The fund engaged in purchases and sales of investment securities, excluding in-kind transactions, short-term securities and U.S. government obligations, if any, of $26,101,631,000 and $27,076,110,000, respectively, during the six months ended February 28, 2026.

**11. Ownership concentration**

------

At February 28, 2026, three shareholders held more than 10% of the fund's outstanding shares. The three shareholders were American Funds 2025 Target Date Retirement Income Fund, American Funds 2030 Target Date Retirement Fund and American Funds 2035 Target Date Retirement Fund, with aggregate ownership of the fund's outstanding shares of 15%, 21% and 21%, respectively. CRMC is the investment adviser to the three target date retirement funds.

---

| | |
|:---|:---|
| **39** | American Funds Mortgage Fund |

---

------

Financial highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset** <br>**value,** <br>**beginning** <br>**of year**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| <br>**Net asset** <br>**value,** <br>**end** <br>**of year**<br>| <br>**Total return**<sup>2,3</sup> <br>| <br>**Net assets,** <br>**end of** <br>**year** <br>**(in millions)** <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>4</sup> <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3,4</sup> <br>| <br>**Ratio of** <br>**net income** <br>**(loss) to** <br>**average** <br>**net assets**<sup>3</sup> <br>|
| **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  |
| 2/28/2026<sup>5,6</sup> <br>| $8.88 | $.18 | $.16 | $.34 | $(.18)<br>| $— | $(.18)<br>| $9.04 | 3.78 %<sup>7</sup><br>| $192 | .72 %<sup>8</sup><br>| .69 %<sup>8</sup><br>| 4.15 %<sup>8</sup><br>|
| 8/31/2025 | 8.94 | .39 | (.07)<br>| .32 | (.38)<br>|  | (.38)<br>| 8.88 | 3.70 | 180 | .73 | .69 | 4.47 |
| 8/31/2024 | 8.75 | .40 | .17 | .57 | (.38)<br>|  | (.38)<br>| 8.94 | 6.74 | 177 | .75 | .71 | 4.63 |
| 8/31/2023 | 9.33 | .30 | (.58)<br>| (.28)<br>| (.30)<br>|  | (.30)<br>| 8.75 | (3.08)<br>| 174 | .72 | .69 | 3.36 |
| 8/31/2022 | 10.23 | .09 | (.89)<br>| (.80)<br>| (.10)<br>|  | (.10)<br>| 9.33 | (7.82)<br>| 203 | .64 | .64 | .92 |
| 8/31/2021 | 10.60 | .01 | .02 | .03 | (.05)<br>| (.35)<br>| (.40)<br>| 10.23 | .13 | 236 | .62 | .62 | .12 |
| **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.78 | .15 | .16 | .31 | (.15)<br>|  | (.15)<br>| 8.94 | 3.53 <br><sup>7</sup><br>| 7 | 1.47 <br><sup>8</sup><br>| 1.45 <br><sup>8</sup><br>| 3.40 <br><sup>8</sup><br>|
| 8/31/2025 | 8.84 | .32 | (.07)<br>| .25 | (.31)<br>|  | (.31)<br>| 8.78 | 2.92 | 7 | 1.48 | 1.44 | 3.72 |
| 8/31/2024 | 8.66 | .33 | .16 | .49 | (.31)<br>|  | (.31)<br>| 8.84 | 5.85 | 7 | 1.50 | 1.46 | 3.88 |
| 8/31/2023 | 9.23 | .23 | (.57)<br>| (.34)<br>| (.23)<br>|  | (.23)<br>| 8.66 | (3.76)<br>| 8 | 1.47 | 1.44 | 2.58 |
| 8/31/2022 | 10.14 | .01 | (.86)<br>| (.85)<br>| (.06)<br>|  | (.06)<br>| 9.23 | (8.42)<br>| 11 | 1.39 | 1.39 | .11 |
| 8/31/2021 | 10.56 | (.06)<br>| (.01)<br>| (.07)<br>| — <br><sup>9</sup><br>| (.35)<br>| (.35)<br>| 10.14 | (.66)<br>| 15 | 1.37 | 1.37 | (.62)<br>|
| **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .14 | .34 | (.19)<br>|  | (.19)<br>| 9.03 | 3.92 <br><sup>710</sup><br>| — <br><sup>11</sup><br>| .47 <br><sup>810</sup><br>| .44 <br><sup>810</sup><br>| 4.41 <br><sup>810</sup><br>|
| 8/31/2025 | 8.93 | .41 | (.06)<br>| .35 | (.40)<br>|  | (.40)<br>| 8.88 | 4.09 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .48 <br><sup>10</sup><br>| .44 <br><sup>10</sup><br>| 4.73 <br><sup>10</sup><br>|
| 8/31/2024 | 8.75 | .42 | .16 | .58 | (.40)<br>|  | (.40)<br>| 8.93 | 6.89 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .50 <br><sup>10</sup><br>| .46 <br><sup>10</sup><br>| 4.88 <br><sup>10</sup><br>|
| 8/31/2023 | 9.33 | .33 | (.59)<br>| (.26)<br>| (.32)<br>|  | (.32)<br>| 8.75 | (2.77 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .40 <br><sup>10</sup><br>| .37 <br><sup>10</sup><br>| 3.71 <br><sup>10</sup><br>|
| 8/31/2022 | 10.22 | .12 | (.88)<br>| (.76)<br>| (.13)<br>|  | (.13)<br>| 9.33 | (7.50 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .39 <br><sup>10</sup><br>| .39 <br><sup>10</sup><br>| 1.19 <br><sup>10</sup><br>|
| 8/31/2021 | 10.60 | .04 | — <br><sup>9</sup><br>| .04 | (.07)<br>| (.35)<br>| (.42)<br>| 10.22 | .36 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .40 <br><sup>10</sup><br>| .40 <br><sup>10</sup><br>| .35 <br><sup>10</sup><br>|
| **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .19 | .15 | .34 | (.18)<br>|  | (.18)<br>| 9.04 | 3.92 <br><sup>7</sup><br>| 26 | .68 <br><sup>8</sup><br>| .66 <br><sup>8</sup><br>| 4.19 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .40 | (.08)<br>| .32 | (.38)<br>|  | (.38)<br>| 8.88 | 3.76 | 30 | .67 | .63 | 4.53 |
| 8/31/2024 | 8.75 | .41 | .17 | .58 | (.39)<br>|  | (.39)<br>| 8.94 | 6.82 | 33 | .67 | .63 | 4.72 |
| 8/31/2023 | 9.34 | .32 | (.61)<br>| (.29)<br>| (.30)<br>|  | (.30)<br>| 8.75 | (3.12)<br>| 25 | .65 | .63 | 3.52 |
| 8/31/2022 | 10.23 | .10 | (.88)<br>| (.78)<br>| (.11)<br>|  | (.11)<br>| 9.34 | (7.69)<br>| 22 | .61 | .61 | 1.02 |
| 8/31/2021 | 10.61 | .01 | .01 | .02 | (.05)<br>| (.35)<br>| (.40)<br>| 10.23 | .15 | 20 | .61 | .61 | .14 |
| **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .16 | .36 | (.20)<br>|  | (.20)<br>| 9.04 | 4.05 <br><sup>7</sup><br>| 467 | .42 <br><sup>8</sup><br>| .40 <br><sup>8</sup><br>| 4.44 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .42 | (.07)<br>| .35 | (.41)<br>|  | (.41)<br>| 8.88 | 4.02 | 411 | .42 | .38 | 4.78 |
| 8/31/2024 | 8.76 | .43 | .16 | .59 | (.41)<br>|  | (.41)<br>| 8.94 | 6.97 | 354 | .41 | .37 | 4.97 |
| 8/31/2023 | 9.34 | .34 | (.59)<br>| (.25)<br>| (.33)<br>|  | (.33)<br>| 8.76 | (2.76)<br>| 199 | .40 | .37 | 3.75 |
| 8/31/2022 | 10.23 | .13 | (.89)<br>| (.76)<br>| (.13)<br>|  | (.13)<br>| 9.34 | (7.45)<br>| 206 | .35 | .35 | 1.30 |
| 8/31/2021 | 10.61 | .04 | .01 | .05 | (.08)<br>| (.35)<br>| (.43)<br>| 10.23 | .42 | 172 | .34 | .34 | .41 |
| **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .16 | .36 | (.20)<br>|  | (.20)<br>| 9.04 | 4.11 <br><sup>7</sup><br>| 111 | .30 <br><sup>8</sup><br>| .28 <br><sup>8</sup><br>| 4.57 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .43 | (.07)<br>| .36 | (.42)<br>|  | (.42)<br>| 8.88 | 4.14 | 103 | .30 | .26 | 4.90 |
| 8/31/2024 | 8.76 | .44 | .16 | .60 | (.42)<br>|  | (.42)<br>| 8.94 | 7.10 | 60 | .31 | .27 | 5.07 |
| 8/31/2023 | 9.34 | .36 | (.60)<br>| (.24)<br>| (.34)<br>|  | (.34)<br>| 8.76 | (2.65)<br>| 381 | .29 | .26 | 4.07 |
| 8/31/2022 | 10.23 | .18 | (.93)<br>| (.75)<br>| (.14)<br>|  | (.14)<br>| 9.34 | (7.35)<br>| 64 | .24 | .24 | 1.88 |
| 8/31/2021 | 10.61 | .05 | .01 | .06 | (.09)<br>| (.35)<br>| (.44)<br>| 10.23 | .53 | 19 | .23 | .23 | .51 |
| **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .18 | .15 | .33 | (.18)<br>|  | (.18)<br>| 9.03 | 3.77 <br><sup>7</sup><br>| 19 | .74 <br><sup>8</sup><br>| .72 <br><sup>8</sup><br>| 4.13 <br><sup>8</sup><br>|
| 8/31/2025 | 8.93 | .39 | (.06)<br>| .33 | (.38)<br>|  | (.38)<br>| 8.88 | 3.80 | 18 | .74 | .70 | 4.46 |
| 8/31/2024 | 8.75 | .40 | .16 | .56 | (.38)<br>|  | (.38)<br>| 8.93 | 6.59 | 19 | .78 | .73 | 4.60 |
| 8/31/2023 | 9.33 | .30 | (.59)<br>| (.29)<br>| (.29)<br>|  | (.29)<br>| 8.75 | (3.11)<br>| 20 | .75 | .73 | 3.32 |
| 8/31/2022 | 10.22 | .09 | (.88)<br>| (.79)<br>| (.10)<br>|  | (.10)<br>| 9.33 | (7.75)<br>| 25 | .67 | .67 | .89 |
| 8/31/2021 | 10.60 | .01 | — <br><sup>9</sup><br>| .01 | (.04)<br>| (.35)<br>| (.39)<br>| 10.22 | .11 | 30 | .65 | .65 | .10 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **40** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  |
| 2/28/2026<sup>5,6</sup> <br>| $8.76 | $.15 | $.15 | $.30 | $(.15)<br>| $— | $(.15)<br>| $8.91 | 3.40 %<sup>7</sup><br>| $1 | 1.51 %<sup>8</sup><br>| 1.48 %<sup>8</sup><br>| 3.36 %<sup>8</sup><br>|
| 8/31/2025 | 8.82 | .32 | (.08)<br>| .24 | (.30)<br>|  | (.30)<br>| 8.76 | 2.87 | 1 | 1.52 | 1.48 | 3.68 |
| 8/31/2024 | 8.64 | .33 | .16 | .49 | (.31)<br>|  | (.31)<br>| 8.82 | 5.81 | 1 | 1.54 | 1.50 | 3.85 |
| 8/31/2023 | 9.21 | .22 | (.57)<br>| (.35)<br>| (.22)<br>|  | (.22)<br>| 8.64 | (3.82)<br>| 1 | 1.52 | 1.50 | 2.52 |
| 8/31/2022 | 10.12 | .01 | (.86)<br>| (.85)<br>| (.06)<br>|  | (.06)<br>| 9.21 | (8.46)<br>| 2 | 1.44 | 1.44 | .09 |
| 8/31/2021 | 10.54 | (.07)<br>| — <br><sup>9</sup><br>| (.07)<br>| — <br><sup>9</sup><br>| (.35)<br>| (.35)<br>| 10.12 | (.67)<br>| 2 | 1.42 | 1.42 | (.67)<br>|
| **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.87 | .17 | .16 | .33 | (.17)<br>|  | (.17)<br>| 9.03 | 3.78 <br><sup>7</sup><br>| 1 | .95 <br><sup>8</sup><br>| .93 <br><sup>8</sup><br>| 3.91 <br><sup>8</sup><br>|
| 8/31/2025 | 8.93 | .37 | (.07)<br>| .30 | (.36)<br>|  | (.36)<br>| 8.87 | 3.45 | 1 | .96 | .93 | 4.24 |
| 8/31/2024 | 8.75 | .39 | .15 | .54 | (.36)<br>|  | (.36)<br>| 8.93 | 6.43 | 1 | .93 | .89 | 4.45 |
| 8/31/2023 | 9.33 | .28 | (.58)<br>| (.30)<br>| (.28)<br>|  | (.28)<br>| 8.75 | (3.29)<br>| 1 | .94 | .92 | 3.15 |
| 8/31/2022 | 10.22 | .07 | (.88)<br>| (.81)<br>| (.08)<br>|  | (.08)<br>| 9.33 | (7.90)<br>| 1 | .87 | .87 | .69 |
| 8/31/2021 | 10.60 | (.01)<br>| — <br><sup>9</sup><br>| (.01)<br>| (.02)<br>| (.35)<br>| (.37)<br>| 10.22 | (.09)<br>| 1 | .86 | .86 | (.12)<br>|
| **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .19 | .15 | .34 | (.19)<br>|  | (.19)<br>| 9.03 | 3.89 <br><sup>710</sup><br>| — <br><sup>11</sup><br>| .52 <br><sup>810</sup><br>| .49 <br><sup>810</sup><br>| 4.35 <br><sup>810</sup><br>|
| 8/31/2025 | 8.93 | .41 | (.06)<br>| .35 | (.40)<br>|  | (.40)<br>| 8.88 | 4.02 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .53 <br><sup>10</sup><br>| .49 <br><sup>10</sup><br>| 4.67 <br><sup>10</sup><br>|
| 8/31/2024 | 8.75 | .42 | .16 | .58 | (.40)<br>|  | (.40)<br>| 8.93 | 6.83 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .56 <br><sup>10</sup><br>| .51 <br><sup>10</sup><br>| 4.83 <br><sup>10</sup><br>|
| 8/31/2023 | 9.33 | .33 | (.59)<br>| (.26)<br>| (.32)<br>|  | (.32)<br>| 8.75 | (2.86 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .49 <br><sup>10</sup><br>| .46 <br><sup>10</sup><br>| 3.62 <br><sup>10</sup><br>|
| 8/31/2022 | 10.22 | .11 | (.88)<br>| (.77)<br>| (.12)<br>|  | (.12)<br>| 9.33 | (7.54 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .44 <br><sup>10</sup><br>| .44 <br><sup>10</sup><br>| 1.14 <br><sup>10</sup><br>|
| 8/31/2021 | 10.60 | .03 | — <br><sup>9</sup><br>| .03 | (.06)<br>| (.35)<br>| (.41)<br>| 10.22 | .31 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .45 <br><sup>10</sup><br>| .45 <br><sup>10</sup><br>| .30 <br><sup>10</sup><br>|
| **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .14 | .34 | (.19)<br>|  | (.19)<br>| 9.03 | 3.91 <br><sup>710</sup><br>| — <br><sup>11</sup><br>| .47 <br><sup>810</sup><br>| .44 <br><sup>810</sup><br>| 4.40 <br><sup>810</sup><br>|
| 8/31/2025 | 8.94 | .42 | (.08)<br>| .34 | (.40)<br>|  | (.40)<br>| 8.88 | 3.99 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .45 <br><sup>10</sup><br>| .41 <br><sup>10</sup><br>| 4.75 <br><sup>10</sup><br>|
| 8/31/2024 | 8.75 | .43 | .17 | .60 | (.41)<br>|  | (.41)<br>| 8.94 | 7.04 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .46 <br><sup>10</sup><br>| .42 <br><sup>10</sup><br>| 4.92 <br><sup>10</sup><br>|
| 8/31/2023 | 9.33 | .33 | (.59)<br>| (.26)<br>| (.32)<br>|  | (.32)<br>| 8.75 | (2.83 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .47 <br><sup>10</sup><br>| .44 <br><sup>10</sup><br>| 3.65 <br><sup>10</sup><br>|
| 8/31/2022 | 10.23 | .11 | (.89)<br>| (.78)<br>| (.12)<br>|  | (.12)<br>| 9.33 | (7.62 )<sup>10</sup><br>| — <br><sup>11</sup><br>| .42 <br><sup>10</sup><br>| .42 <br><sup>10</sup><br>| 1.17 <br><sup>10</sup><br>|
| 8/31/2021 | 10.60 | .05 | — <br><sup>9</sup><br>| .05 | (.07)<br>| (.35)<br>| (.42)<br>| 10.23 | .43 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| .42 <br><sup>10</sup><br>| .42 <br><sup>10</sup><br>| .48 <br><sup>10</sup><br>|
| **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .15 | .35 | (.19)<br>|  | (.19)<br>| 9.04 | 4.04 <br><sup>7</sup><br>| 5 | .45 <br><sup>8</sup><br>| .43 <br><sup>8</sup><br>| 4.42 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .42 | (.08)<br>| .34 | (.40)<br>|  | (.40)<br>| 8.88 | 3.98 | 6 | .46 | .42 | 4.74 |
| 8/31/2024 | 8.76 | .43 | .15 | .58 | (.40)<br>|  | (.40)<br>| 8.94 | 6.91 | 6 | .47 | .43 | 4.90 |
| 8/31/2023 | 9.34 | .34 | (.59)<br>| (.25)<br>| (.33)<br>|  | (.33)<br>| 8.76 | (2.74)<br>| 7 | .38 | .35 | 3.73 |
| 8/31/2022 | 10.23 | .11 | (.87)<br>| (.76)<br>| (.13)<br>|  | (.13)<br>| 9.34 | (7.49)<br>| 7 | .39 | .39 | 1.16 |
| 8/31/2021<sup>5,12</sup> <br>| 10.59 | .02 | .02 | .04 | (.05)<br>| (.35)<br>| (.40)<br>| 10.23 | .39 <br><sup>7</sup><br>| 8 | .43 <br><sup>8</sup><br>| .43 <br><sup>8</sup><br>| .28 <br><sup>8</sup><br>|
| **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .16 | .36 | (.20)<br>|  | (.20)<br>| 9.04 | 4.09 <br><sup>7</sup><br>| — <br><sup>11</sup><br>| .33 <br><sup>8</sup><br>| .31 <br><sup>8</sup><br>| 4.53 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .43 | (.08)<br>| .35 | (.41)<br>|  | (.41)<br>| 8.88 | 4.12 | — <br><sup>11</sup><br>| .33 | .30 | 4.87 |
| 8/31/2024 | 8.76 | .44 | .16 | .60 | (.42)<br>|  | (.42)<br>| 8.94 | 7.05 | — <br><sup>11</sup><br>| .35 | .30 | 5.04 |
| 8/31/2023 | 9.34 | .34 | (.59)<br>| (.25)<br>| (.33)<br>|  | (.33)<br>| 8.76 | (2.71)<br>| — <br><sup>11</sup><br>| .34 | .32 | 3.77 |
| 8/31/2022 | 10.23 | .13 | (.88)<br>| (.75)<br>| (.14)<br>|  | (.14)<br>| 9.34 | (7.40)<br>| — <br><sup>11</sup><br>| .29 | .29 | 1.29 |
| 8/31/2021<sup>5,12</sup> <br>| 10.59 | .04 | .01 | .05 | (.06)<br>| (.35)<br>| (.41)<br>| 10.23 | .50 <br><sup>7</sup><br>| — <br><sup>11</sup><br>| .36 <br><sup>8</sup><br>| .29 <br><sup>8</sup><br>| .42 <br><sup>8</sup><br>|
| **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.78 | .15 | .15 | .30 | (.15)<br>|  | (.15)<br>| 8.93 | 3.44 <br><sup>7</sup><br>| 2 | 1.43 <br><sup>8</sup><br>| 1.40 <br><sup>8</sup><br>| 3.45 <br><sup>8</sup><br>|
| 8/31/2025 | 8.84 | .33 | (.08)<br>| .25 | (.31)<br>|  | (.31)<br>| 8.78 | 2.98 | 5 | 1.42 | 1.38 | 3.78 |
| 8/31/2024 | 8.65 | .34 | .17 | .51 | (.32)<br>|  | (.32)<br>| 8.84 | 6.04 | 6 | 1.43 | 1.39 | 3.95 |
| 8/31/2023 | 9.23 | .24 | (.59)<br>| (.35)<br>| (.23)<br>|  | (.23)<br>| 8.65 | (3.81)<br>| 5 | 1.41 | 1.39 | 2.69 |
| 8/31/2022 | 10.14 | .02 | (.87)<br>| (.85)<br>| (.06)<br>|  | (.06)<br>| 9.23 | (8.40)<br>| 5 | 1.36 | 1.36 | .19 |
| 8/31/2021 | 10.55 | (.07)<br>| .01 | (.06)<br>| — <br><sup>9</sup><br>| (.35)<br>| (.35)<br>| 10.14 | (.57)<br>| 7 | 1.40 | 1.40 | (.65)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **41** | American Funds Mortgage Fund |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  |
| 2/28/2026<sup>5,6</sup> <br>| $8.77 | $.15 | $.16 | $.31 | $(.15)<br>| $— | $(.15)<br>| $8.93 | 3.57 %<sup>7</sup><br>| $3 | 1.41 %<sup>8</sup><br>| 1.38 %<sup>8</sup><br>| 3.47 %<sup>8</sup><br>|
| 8/31/2025 | 8.83 | .33 | (.07)<br>| .26 | (.32)<br>|  | (.32)<br>| 8.77 | 3.00 | 3 | 1.40 | 1.36 | 3.80 |
| 8/31/2024 | 8.65 | .34 | .16 | .50 | (.32)<br>|  | (.32)<br>| 8.83 | 5.95 | 3 | 1.40 | 1.36 | 3.98 |
| 8/31/2023 | 9.22 | .24 | (.58)<br>| (.34)<br>| (.23)<br>|  | (.23)<br>| 8.65 | (3.69)<br>| 2 | 1.39 | 1.37 | 2.67 |
| 8/31/2022 | 10.13 | .03 | (.88)<br>| (.85)<br>| (.06)<br>|  | (.06)<br>| 9.22 | (8.39)<br>| 3 | 1.33 | 1.33 | .26 |
| 8/31/2021 | 10.54 | (.06)<br>| — <br><sup>9</sup><br>| (.06)<br>| — <br><sup>9</sup><br>| (.35)<br>| (.35)<br>| 10.13 | (.57)<br>| 3 | 1.34 | 1.34 | (.60)<br>|
| **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.85 | .17 | .16 | .33 | (.17)<br>|  | (.17)<br>| 9.01 | 3.76 <br><sup>710</sup><br>| — <br><sup>11</sup><br>| 1.03 <br><sup>810</sup><br>| .97 <br><sup>810</sup><br>| 3.87 <br><sup>810</sup><br>|
| 8/31/2025 | 8.91 | .36 | (.07)<br>| .29 | (.35)<br>|  | (.35)<br>| 8.85 | 3.35 <br><sup>10</sup><br>| — <br><sup>11</sup><br>| 1.09 <br><sup>10</sup><br>| 1.04 <br><sup>10</sup><br>| 4.14 <br><sup>10</sup><br>|
| 8/31/2024 | 8.72 | .37 | .17 | .54 | (.35)<br>|  | (.35)<br>| 8.91 | 6.38 | — <br><sup>11</sup><br>| 1.10 | 1.06 | 4.28 |
| 8/31/2023 | 9.30 | .28 | (.60)<br>| (.32)<br>| (.26)<br>|  | (.26)<br>| 8.72 | (3.43)<br>| — <br><sup>11</sup><br>| 1.06 | 1.04 | 3.09 |
| 8/31/2022 | 10.20 | .06 | (.88)<br>| (.82)<br>| (.08)<br>|  | (.08)<br>| 9.30 | (8.09)<br>| — <br><sup>11</sup><br>| 1.02 | 1.01 | .60 |
| 8/31/2021 | 10.59 | (.03)<br>| — <br><sup>9</sup><br>| (.03)<br>| (.01)<br>| (.35)<br>| (.36)<br>| 10.20 | (.28)<br>| — <br><sup>11</sup><br>| 1.06 | 1.01 | (.25)<br>|
| **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.85 | .17 | .15 | .32 | (.17)<br>|  | (.17)<br>| 9.00 | 3.67 <br><sup>7</sup><br>| 52 | .96 <br><sup>8</sup><br>| .93 <br><sup>8</sup><br>| 3.91 <br><sup>8</sup><br>|
| 8/31/2025 | 8.91 | .37 | (.07)<br>| .30 | (.36)<br>|  | (.36)<br>| 8.85 | 3.45 | 45 | .96 | .92 | 4.24 |
| 8/31/2024 | 8.72 | .38 | .17 | .55 | (.36)<br>|  | (.36)<br>| 8.91 | 6.51 | 48 | .97 | .92 | 4.42 |
| 8/31/2023 | 9.30 | .28 | (.59)<br>| (.31)<br>| (.27)<br>|  | (.27)<br>| 8.72 | (3.32)<br>| 37 | .95 | .93 | 3.17 |
| 8/31/2022 | 10.20 | .06 | (.88)<br>| (.82)<br>| (.08)<br>|  | (.08)<br>| 9.30 | (8.03)<br>| 36 | .90 | .90 | .66 |
| 8/31/2021 | 10.58 | (.02)<br>| .01 | (.01)<br>| (.02)<br>| (.35)<br>| (.37)<br>| 10.20 | (.11)<br>| 42 | .93 | .93 | (.17)<br>|
| **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .19 | .16 | .35 | (.19)<br>|  | (.19)<br>| 9.04 | 3.93 <br><sup>7</sup><br>| 12 | .66 <br><sup>8</sup><br>| .64 <br><sup>8</sup><br>| 4.21 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .40 | (.08)<br>| .32 | (.38)<br>|  | (.38)<br>| 8.88 | 3.76 | 11 | .66 | .63 | 4.54 |
| 8/31/2024 | 8.76 | .41 | .16 | .57 | (.39)<br>|  | (.39)<br>| 8.94 | 6.70 | 11 | .67 | .63 | 4.71 |
| 8/31/2023 | 9.34 | .32 | (.60)<br>| (.28)<br>| (.30)<br>|  | (.30)<br>| 8.76 | (3.00)<br>| 12 | .64 | .62 | 3.53 |
| 8/31/2022 | 10.23 | .11 | (.89)<br>| (.78)<br>| (.11)<br>|  | (.11)<br>| 9.34 | (7.67)<br>| 12 | .59 | .59 | 1.08 |
| 8/31/2021 | 10.61 | .02 | — <br><sup>9</sup><br>| .02 | (.05)<br>| (.35)<br>| (.40)<br>| 10.23 | .18 | 9 | .58 | .58 | .17 |
| **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .15 | .35 | (.19)<br>|  | (.19)<br>| 9.04 | 4.02 <br><sup>7</sup><br>| 1 | .54 <br><sup>8</sup><br>| .47 <br><sup>8</sup><br>| 4.39 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .42 | (.08)<br>| .34 | (.40)<br>|  | (.40)<br>| 8.88 | 3.97 | 1 | .50 | .42 | 4.74 |
| 8/31/2024 | 8.75 | .43 | .16 | .59 | (.40)<br>|  | (.40)<br>| 8.94 | 7.03 | 1 | .48 | .44 | 4.90 |
| 8/31/2023 | 9.33 | .34 | (.60)<br>| (.26)<br>| (.32)<br>|  | (.32)<br>| 8.75 | (2.81)<br>| 1 | .44 | .41 | 3.80 |
| 8/31/2022 | 10.23 | .13 | (.90)<br>| (.77)<br>| (.13)<br>|  | (.13)<br>| 9.33 | (7.50)<br>| 1 | .39 | .39 | 1.33 |
| 8/31/2021 | 10.60 | .04 | .01 | .05 | (.07)<br>| (.35)<br>| (.42)<br>| 10.23 | .36 | — <br><sup>11</sup><br>| .39 | .39 | .34 |
| **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .16 | .36 | (.20)<br>|  | (.20)<br>| 9.04 | 4.08 <br><sup>7</sup><br>| 1 | .36 <br><sup>8</sup><br>| .34 <br><sup>8</sup><br>| 4.49 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .42 | (.07)<br>| .35 | (.41)<br>|  | (.41)<br>| 8.88 | 4.07 | 1 | .37 | .33 | 4.83 |
| 8/31/2024 | 8.76 | .43 | .16 | .59 | (.41)<br>|  | (.41)<br>| 8.94 | 7.02 | — <br><sup>11</sup><br>| .38 | .33 | 5.01 |
| 8/31/2023 | 9.34 | .32 | (.57)<br>| (.25)<br>| (.33)<br>|  | (.33)<br>| 8.76 | (2.71)<br>| 1 | .34 | .33 | 3.50 |
| 8/31/2022 | 10.23 | .13 | (.88)<br>| (.75)<br>| (.14)<br>|  | (.14)<br>| 9.34 | (7.40)<br>| 1 | .29 | .29 | 1.30 |
| 8/31/2021 | 10.61 | .05 | — <br><sup>9</sup><br>| .05 | (.08)<br>| (.35)<br>| (.43)<br>| 10.23 | .47 | 1 | .29 | .29 | .46 |
| **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  |
| 2/28/2026<sup>5,6</sup> <br>| 8.88 | .20 | .16 | .36 | (.20)<br>|  | (.20)<br>| 9.04 | 4.11 <br><sup>7</sup><br>| 12220 | .30 <br><sup>8</sup><br>| .28 <br><sup>8</sup><br>| 4.57 <br><sup>8</sup><br>|
| 8/31/2025 | 8.94 | .43 | (.07)<br>| .36 | (.42)<br>|  | (.42)<br>| 8.88 | 4.14 | 11099 | .30 | .26 | 4.90 |
| 8/31/2024 | 8.75 | .44 | .17 | .61 | (.42)<br>|  | (.42)<br>| 8.94 | 7.21 | 10319 | .31 | .26 | 5.07 |
| 8/31/2023 | 9.33 | .35 | (.59)<br>| (.24)<br>| (.34)<br>|  | (.34)<br>| 8.75 | (2.76)<br>| 8463 | .28 | .26 | 3.87 |
| 8/31/2022 | 10.23 | .13 | (.89)<br>| (.76)<br>| (.14)<br>|  | (.14)<br>| 9.33 | (7.35)<br>| 7845 | .24 | .24 | 1.35 |
| 8/31/2021 | 10.61 | .05 | .01 | .06 | (.09)<br>| (.35)<br>| (.44)<br>| 10.23 | .53 | 8373 | .22 | .22 | .53 |

---

Refer to the end of the table(s) for footnote(s).

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| | |
|:---|:---|
| American Funds Mortgage Fund | **42** |

---

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Financial highlights (continued)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes**<sup>13,14</sup>  | **Six months** <br>**ended** <br>**February 28,** <br>**2026**<sup>5,6,7,15</sup>  | **Year ended August 31,** | **Year ended August 31,** | **Year ended August 31,** | **Year ended August 31,** | **Year ended August 31,** |
| **Portfolio turnover rate for all share classes**<sup>13,14</sup>  | **Six months** <br>**ended** <br>**February 28,** <br>**2026**<sup>5,6,7,15</sup>  | **2025** | **2024** | **2023** | **2022** | **2021** |
| Excluding mortgage dollar roll transactions | &nbsp;&nbsp; 36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 37<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66<br> %<br>|
| Including mortgage dollar roll transactions | &nbsp;&nbsp; 251<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 428<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 824<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1,185<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1,147<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1,015<br> %<br>|

---

<sup>1</sup> Based on average shares outstanding.

<sup>2</sup> Total returns exclude any applicable sales charges, including contingent deferred sales charges.

<sup>3</sup> This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any.

<sup>4</sup> Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.

<sup>5</sup> Based on operations for a period that is less than a full year.

<sup>6</sup> Unaudited.

<sup>7</sup> Not annualized.

<sup>8</sup> Annualized.

<sup>9</sup> Amount less than $0.01.

<sup>10</sup> All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. 

<sup>11</sup> Amount less than $1 million.

<sup>12</sup> Class 529-F-2 and 529-F-3 shares began investment operations on 10/30/2020.

<sup>13</sup> Refer to Note 5 for more information on mortgage dollar rolls.

<sup>14</sup> Rates do not include the fund's portfolio activity with respect to any Central Funds.

<sup>15</sup> Rates exclude in-kind transactions, if any.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **43** | American Funds Mortgage Fund |

---

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Changes in and disagreements with accountants

------

None

Matters submitted for shareholder vote

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**Results of special meeting of shareholders**

Held November 25, 2025

Shares outstanding (all classes) on August 28, 2025 (record date):

1,338,807,954

Total shares voting on November 25, 2025:

1,301,416,581 (97.2% of shares outstanding)

The proposal: To elect board members

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| | | | | |
|:---|:---|:---|:---|:---|
| **Board member** | **Votes for** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **voting for**<br>| **Votes withheld** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **withheld**<br>|
| Gina F. Adams | 1295778967 | 99.6% | 5637614  | 0.4% |
| Pramod Atluri | 1300062031  | 99.9% | 1354550  | 0.1% |
| Francisco G. Cigarroa | 1300120790  | 99.9% | 1295791 | 0.1% |
| Nariman Farvardin | 1300125059  | 99.9% | 1291522  | 0.1% |
| Jennifer C. Feikin | 1300322755  | 99.9% | 1093826  | 0.1% |
| Leslie Stone Heisz | 1300361226  | 99.9% | 1055355  | 0.1% |
| Merit E. Janow | 1300340386 | 99.9% | 1076195  | 0.1% |
| Martin E. Koehler | 1300198026  | 99.9% | 1218555  | 0.1% |
| Benjamin R. Miller | 1300199870  | 99.9% | 1216711  | 0.1% |
| Josette Sheeran | 1300439319  | 99.9% | 977262  | 0.1% |
| Margaret Spellings | 1300363806  | 99.9% | 1052775  | 0.1% |
| Alexandra Trower | 1300401778  | 99.9% | 1014803  | 0.1% |
| Paul S. Williams | 1300160219  | 99.9% | 1256362  | 0.1% |
| Courtney K. Wolf | 1300463115  | 99.9% | 953466 | 0.1% |

---

The proposal: To approve the proposed amendment of the Investment Advisory and Service Agreement to modify the fee schedule

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Votes for** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br>**of shares** <br>**voting for**<br>| **Votes withheld** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br>**of shares** <br>**withheld**<br>| **Votes abstaining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br>**of shares** <br>**votes abstaining**<br>|
| 1263509189 | 97.1% | 647274 | 0.0% | 1203423 | 0.1% |
| (broker non-votes = 36,056,695) | (broker non-votes = 36,056,695) | (broker non-votes = 36,056,695) | (broker non-votes = 36,056,695) | (broker non-votes = 36,056,695) | (broker non-votes = 36,056,695) |

---

Remuneration paid to directors, officers and others

------

Refer to the trustees' deferred compensation disclosure in the notes to financial statements.

---

| | |
|:---|:---|
| American Funds Mortgage Fund | **44** |

---

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Approval of Investment Advisory and Service Agreement

------

Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

---

| | |
|:---|:---|
| **45** | American Funds Mortgage Fund |

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#### ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None

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#### ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form under Matters submitted for shareholder vote.

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#### ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form within the trustees' deferred compensation disclosure in the notes to financial statements.

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#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

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#### ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 15 - Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ''interested persons'' of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board's composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent trustee candidates to the full board of trustees. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant's Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

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#### ITEM 16 - Controls and Procedures
(a) The Registrant's Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b) There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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#### ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 18 - Recovery of Erroneously Awarded Compensation
None

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#### ITEM 19 - Exhibits
(a)(1) Not applicable for filing of semi-annual reports to shareholders.

(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections [302](cert302.htm) and [906](cert906.htm) of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**American Funds Mortgage Fund**

By /s/ Kristine M. Nishiyama

Kristine M. Nishiyama,

Principal Executive Officer

Date: April 30, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ Kristine M. Nishiyama

Kristine M. Nishiyama,

Principal Executive Officer

Date: April 30, 2026

By /s/ Becky L. Park

Becky L. Park, Treasurer and

Principal Financial Officer

Date: April 30, 2026

------

## Ex-99.Cert

**CERTIFICATION**

**I, Kristine M. Nishiyama, certify that:**

1. I have reviewed this report on Form N-CSR of **American Funds Mortgage Fund**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 30, 2026

<u>/s/ Kristine M. Nishiyama</u> Kristine M. Nishiyama, Principal Executive Officer American Funds Mortgage Fund

**CERTIFICATION**

I, **Becky L. Park**, certify that:

1. I have reviewed this report on Form N-CSR of **American Funds Mortgage Fund**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 30, 2026

<u>/s/ Becky L. Park</u> Becky L. Park,

Treasurer and Principal Financial Officer

American Funds Mortgage Fund

------

## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

KRISTINE M. NISHIYAMA, Principal Executive Officer, and BECKY L. PARK, Treasurer and Principal Financial Officer of American Funds Mortgage Fund (the "Registrant"), each certify to the best of her or his knowledge that:

1. The Registrant's periodic report on Form N-CSR for the period ended February 28, 2026 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer

**American Funds Mortgage Fund**

<u>/s/ Kristine M. Nishiyama</u>

Kristine M. Nishiyama, Principal Executive Officer

Date: April 30, 2026

Principal Financial Officer

**American Funds Mortgage Fund**

<u>/s/ Becky L. Park</u>

Becky L. Park, Treasurer and Principal Financial Officer

Date: April 30, 2026

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to **American Funds Mortgage Fund** and will be retained by **American Funds Mortgage Fund** and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

------