Investments / American Funds Insurance Series® – American Funds Mortgage Fund
Bond Funds

American Funds Insurance Series® – American Funds Mortgage Fund (VIMF)

Summary

Building on research.Seeks to provide a high-quality current income stream, while preserving capital through economic, market and interest-rate cycles.
Price at NAV
$9.39
as of 4/24/2025 (updated daily)
Fund Assets (millions)
$116.5
Portfolio Managers
3
Expense Ratio (Gross/Net %)
0.40 / 0.32%
Quarterly Fund Fact Sheet(PDF)
Prospectus

Returns at NAV

5.60%
1-year return
0.08%
5-year return
1.98%
Lifetime Return
(5/2/11)
4.47%
30-Day SEC Yield
Returns as of 3/31/2025 (updated monthly). Yield as of 3/31/2025 (updated monthly).

Asset Mix

U.S. Equities
0.0%
Non-U.S. Equities
0.0%
U.S. Bonds
87.9%
Non-U.S. Bonds
0.0%
Cash & Equivalents
12.1%
As of 3/31/2025 (updated monthly)
U.S. Equities
0.0%
Non-U.S. Equities
0.0%
U.S. Bonds
87.9%
Non-U.S. Bonds
0.0%
Cash & Equivalents
12.1%
As of 3/31/2025 (updated monthly)

Volatility & Return

VIEW LARGER CHART
Fixed Income
For Class 1 Shares,this chart tracks the 10-year standard deviationand 10-year annualized return of the fixed income funds.
  • VIMF
  • Bloomberg    U.S. Mortgage Backed SecuritiesIndex
  • Other    AFfunds
Standard Deviation as of 03/31/2025 (updated monthly). Annualized return as of 03/31/2025 (updated monthly).
VIEW LARGER CHART

Fund Statistics

6.4 years
Effective Duration
4.6%
Average Yield To Worst
4.1%
Average Coupon
% of net assets as of 3/31/25 (updated quarterly)

Description

Objective

The fund's investment objective is to provide current income and preservation of capital.

Distinguishing Characteristics

Focuses on high-quality residential and commercial mortgage-backed securities that are either guaranteed or sponsored by the U.S. government. This strategy seeks to add value by actively managing sector allocation, security selection, duration and yield curve.

Types of Investments

The fund invests primarily in mortgage-related securities sponsored or guaranteed by the U.S. government and mortgage-related securities rated AAA/Aaa.

Holdings Outside the U.S

Up to 10% of assets may be invested in high-quality, U.S. dollar-denominated mortgage-related securities from issuers outside the United States.

Portfolio Restrictions

Normally, at least 80% of assets will be invested in mortgage-related securities.

Maturity

Not required to maintain any particular maturity.

Fund Facts

Fund Inception 5/2/2011
Fund Assets (millions) $116.5
As of 3/31/2025
Companies/Issuers 60 +
Holdings are as of 3/31/2025 (updated quarterly).
Regular Dividends Paid 0Jun, Dec
Capital Gains Paid Jun
Portfolio Turnover (2024) 644%
Fiscal Year-End Dec
Prospectus Date 05/01/2024
CUSIP 02630E 30 1
Fund Number 52

Returns

Month-End Returns as of 3/31/2025

Returns at NAV

VIMF
Bloomberg U.S. Mortgage Backed Securities Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/2025

Growth of 10K

For Class 1 Shares , this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or, since inception date if the fund has been in existence under 20 years, through 12/31/2024.
  • VIMF
  • Bloomberg U.S. Mortgage Backed Securities Index
VIEW LARGER CHART

High & Low Prices

Yield

12-month
Distribution Rates 30-day SEC Yield
Fund at NAV 4.8%4.47%
As of 3/31/2025 (updated monthly)

Portfolio Management

LEARN ABOUT THE CAPITAL SYSTEMSM
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos92226
Oliver V. Edmonds32021
Fergus N. MacDonald122031
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar RatingTM

Overall Morningstar RatingTM
Funds rated (217)
3-yr. Morningstar RatingTM
(217 funds rated)
5-yr. Morningstar RatingTM
(206 funds rated)
10-yr. Morningstar RatingTM
(171 funds rated)
Overall Morningstar Risk
Average
LOW
HIGH
Category Intermediate Government
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2025 (updated monthly).

Risk Measures

Fund
StandardDeviation
4.68
SharpeRatio
-0.08
For the 10 Years ending 3/31/2025 (updated monthly).
Insurance Series Benchmark
Morningstar Benchmark
Bloomberg U.S. Mortgage Backed SecuritiesIndex
Bloomberg US Agg Bond TRUSD
R-squared
9687.53
Beta
0.910.88
Capture Ratio(Downside/Upside)
87/9676.18/81.34
American Funds Benchmark for the 10 Years ending 3/31/2025 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/2025 (updated monthly).

Quality Summary

  • U.S. Treasuries/Agencies
    9.1%
  • AAA/Aaa
    77.7%
  • AA/Aa
    0.4%
  • A
    0.2%
  • Unrated
    0.5%
  • Cash & equivalents
    12.1%
% of net assets as of 3/31/2025 (updated quarterly).

Average Life Breakdown

  • 0-4.9 Years
    35.4%
  • 5-9.9 Years
    50.6%
  • 10-19.9 Years
    1.9%
  • 20-29.9 Years
    0.0%
  • 30+ Years
    --
% of net assets as of 3/31/2025 (updated quarterly).

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Mortgage-backed obligations + 77.3%
Cash & equivalents 12.1%
U.S. Treasury bonds & notes 9.1%
Asset-backed obligations 1.5%
% of net assets as of 3/31/2025 (updated quarterly)

Top Fixed-Income Issuers

  • Federal Home Loan Mortgage
    27.7%
  • Fannie Mae
    27.3%
  • UMBS
    11.8%
  • U.S. Treasury
    9.2%
  • Ginnie Mae II
    6.2%
% of net assets as of 3/31/2025 (updated monthly)
QUARTERLY HOLDINGS

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

2025
historical-prices

Historical Prices Year-End

Historical Distributions

as of 12/11/2024
2025
Record DateCalculated DatePay Date Income Dividend Regular Income Dividend Special Cap. Gains Long-Term Cap. Gains Short-Term Reinvest NAV
No data available for 2025
Year-to-Date:Dividends Subtotal: --Cap Gains Subtotal: --
Total Distributions: --

Fees & Expenses

Fees

Annual Management Fees0.3%
Other Expenses0.1%
Service 12b-1--

As of each fund's most recent prospectus.

Expense Ratio

Gross Net
VIMF0.4%0.32%
Fund as of most recent prospectus.

Resources

Literature for VIMF

About Our Funds

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.

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American Funds Distributors, Inc., member FINRA.

Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.