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American Funds Multi-Sector Income Fund (MIAQX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

Inception Date

Mar 21, 2019

Min. Investment

$250

Asset Class

Bond

Expense Ratio

MIAQX has an expense ratio of 0.78%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in American Funds Multi-Sector Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


20.00%40.00%60.00%80.00%100.00%120.00%December2025FebruaryMarchAprilMay
19.96%
102.09%
MIAQX (American Funds Multi-Sector Income Fund)
Benchmark (^GSPC)

Returns By Period

American Funds Multi-Sector Income Fund (MIAQX) returned 0.82% year-to-date (YTD) and 5.93% over the past 12 months.


MIAQX

YTD

0.82%

1M

2.07%

6M

0.60%

1Y

5.93%

5Y*

3.97%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of MIAQX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.04%1.10%-0.64%-0.34%-0.32%0.82%
20240.40%-0.28%1.49%-1.32%1.62%0.62%2.03%1.36%1.54%-1.28%1.12%-0.80%6.62%
20233.39%-2.29%1.94%0.59%-0.80%1.05%1.16%-0.45%-1.83%-1.37%5.20%3.86%10.61%
2022-2.15%-1.96%-1.12%-3.62%-0.29%-4.49%3.46%-1.95%-4.28%0.69%3.66%-0.32%-12.05%
2021-0.32%-0.65%-0.37%1.14%0.47%1.10%0.37%0.64%-0.39%0.09%-0.93%0.57%1.71%
20201.24%0.38%-9.04%3.36%3.79%1.24%4.10%0.63%-0.74%0.14%3.28%1.23%9.29%
20190.50%0.70%-0.49%2.18%0.10%0.00%-0.19%0.10%0.00%0.29%3.20%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 89, MIAQX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of MIAQX is 8989
Overall Rank
The Sharpe Ratio Rank of MIAQX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of MIAQX is 8989
Sortino Ratio Rank
The Omega Ratio Rank of MIAQX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of MIAQX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of MIAQX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

American Funds Multi-Sector Income Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 1.48
  • 5-Year: 0.83
  • All Time: 0.55

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of American Funds Multi-Sector Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
1.48
0.44
MIAQX (American Funds Multi-Sector Income Fund)
Benchmark (^GSPC)

Dividends

Dividend History

American Funds Multi-Sector Income Fund provided a 6.17% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 3 consecutive years.


3.50%4.00%4.50%5.00%5.50%6.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020
Dividend$0.57$0.57$0.54$0.41$0.36$0.43

Dividend yield

6.17%6.07%5.82%4.53%3.40%4.01%

Monthly Dividends

The table displays the monthly dividend distributions for American Funds Multi-Sector Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.04$0.05$0.05$0.00$0.19
2024$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.57
2023$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.54
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.41
2021$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2020$0.04$0.03$0.04$0.05$0.04$0.03$0.04$0.04$0.03$0.04$0.03$0.04$0.43

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-1.41%
-7.88%
MIAQX (American Funds Multi-Sector Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the American Funds Multi-Sector Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Funds Multi-Sector Income Fund was 17.39%, occurring on Oct 21, 2022. Recovery took 433 trading sessions.

The current American Funds Multi-Sector Income Fund drawdown is 1.41%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.39%Sep 17, 2021277Oct 21, 2022433Jul 16, 2024710
-16.41%Mar 5, 202013Mar 23, 202083Jul 21, 202096
-3.83%Mar 4, 202529Apr 11, 2025
-2.41%Feb 12, 202124Mar 18, 202150May 28, 202174
-1.98%Sep 3, 202015Sep 24, 202029Nov 4, 202044

Volatility

Volatility Chart

The current American Funds Multi-Sector Income Fund volatility is 1.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
1.36%
6.82%
MIAQX (American Funds Multi-Sector Income Fund)
Benchmark (^GSPC)