RMBEX Fees and Costs — American Funds Mortgage Fund, Class R-2E
Data updated: 2026-07-29
The net expense ratio is 1.08%: a 0.22% management fee, a 0.60% 12b-1 fee plus 0.27% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 1015%.
RMBEX Fees and Expenses
Annual operating expenses and sales charges of RMBEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.60% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RMBEX Costs Over Time
On $10,000 invested in RMBEX, assuming 5% a year before costs, total costs come to $674 over 5 years, cutting the return by 1.13% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.08%) | $113 | $354 | $613 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $113 | $371 | $674 |
| Value after costs | $10,387 | $11,205 | $12,088 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
RMBEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $95.7B
- Portfolio turnover (prospectus): 1015%
- Securities lending: none during the year
RMBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.7B | 15.98% |
| Morgan Stanley & Co. LLC | $13.7B | 14.84% |
| Barclays Bank PLC | $13.2B | 14.31% |
| Bank of America, N.A. | $12.5B | 13.58% |
| Citigroup Global Markets Inc. | $10.8B | 11.75% |
| Goldman Sachs & Co. LLC | $8.4B | 9.07% |
| Wells Fargo Securities, LLC | $7.7B | 8.37% |
| Mizuho Bank, Ltd. | $6.1B | 6.65% |
| BNP Paribas | $3.2B | 3.50% |
| Nomura/Instinet Group | $1.8B | 1.94% |
American Funds Mortgage Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AFFMX | Class F-3 | 0.26% | none |
| RMAGX | Class R-6 | 0.26% | none |
| FMMFX | Class 529-F-3 | 0.31% | none |
| RMAFX | Class R-5 | 0.32% | none |
| MFAFX | Class F-2 | 0.37% | none |
| FFMFX | Class 529-F-2 | 0.41% | none |
| RMAHX | Class R-5E | 0.42% | none |
| MFAEX | Class F-1 | 0.62% | none |
| RMAEX | Class R-4 | 0.62% | none |
| CMFFX | Class 529-F-1 | 0.68% | none |
| MFAAX | Class A | 0.68% | none |
| TFMFX | Class T | 0.68% | none |
| CMFAX | Class 529-A | 0.69% | none |
| TMFMX | Class 529-T | 0.72% | none |
| CMFEX | Class 529-E | 0.92% | none |
| RMACX | Class R-3 | 0.92% | none |
| RMBEX | Class R-2E | 1.08% | none |
| RMABX | Class R-2 | 1.35% | none |
| RMAAX | Class R-1 | 1.38% | none |
| MFACX | Class C | 1.43% | none |
| CMFCX | Class 529-C | 1.48% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.