American Funds Mortgage Fund - Class F-3 (AFFMX)

The American Funds Mortgage Fund - Class F-3 (AFFMX) is a mutual fund that primarily invests in mortgage-backed securities issued or guaranteed by government agencies such as Fannie Mae and Freddie Mac. This fund aims to provide investors with a steady stream of income through the interest payments on these securities. It may also invest in other fixed-income securities, such as corporate bonds, to diversify its portfolio. As a Class F-3 fund, it is designed for institutional investors and has a lower expense ratio compared to other classes of the same fund. Overall, AFFMX offers a conservative investment option for those seeking income and stability in their portfolio.