- Issuer
- American Funds
- Inception Date
- Mar 21, 2019
- Category
- Multisector Bonds
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MIAQX Performance Chart
American Funds Multi-Sector Income Fund (MIAQX) is up 0.1% since the beginning of the year. MIAQX is currently trading at $9 per share. Investors who bought $1,000 worth of MIAQX shares 5 years ago would now be looking at an investment worth $1,094.
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Returns By Period
American Funds Multi-Sector Income Fund (MIAQX) has returned 0.10% so far this year and 3.07% over the past 12 months.
American Funds Multi-Sector Income Fund
- 1D
- 0.11%
- 1M
- -1.28%
- 6M
- -0.30%
- YTD
- 0.10%
- 1Y
- 3.07%
- 3Y*
- 6.23%
- 5Y*
- 1.81%
- 10Y*
- —
- ALL TIME*
- 3.01%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MIAQX Monthly Returns History
Based on dividend-adjusted daily data since Mar 22, 2019, MIAQX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Mar 2020 at -10.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MIAQX closed higher 43% of trading days. The best single day was Apr 9, 2020 with a return of +2.8%, while the worst single day was Mar 12, 2020 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.67% | -1.58% | 1.37% | 0.71% | -0.04% | -1.39% | 0.10% | |||||
| 2025 | 1.04% | 1.10% | -0.64% | -0.34% | 0.85% | 2.01% | 0.40% | 1.25% | 0.81% | 0.20% | 0.60% | 0.29% | 7.81% |
| 2024 | 0.40% | -0.28% | 1.49% | -1.32% | 1.62% | 0.62% | 2.03% | 1.36% | 1.54% | -1.28% | 1.12% | -1.30% | 6.08% |
| 2023 | 3.39% | -2.29% | 1.94% | 0.11% | -0.80% | 1.05% | 1.16% | -0.45% | -1.83% | -1.93% | 5.20% | 3.86% | 9.47% |
| 2022 | -2.15% | -1.96% | -1.12% | -3.62% | -0.29% | -4.80% | 3.08% | -1.95% | -4.70% | 0.69% | 3.67% | -0.32% | -13.04% |
| 2021 | -0.32% | -0.65% | -0.37% | 1.14% | 0.47% | 1.10% | 0.37% | 0.64% | -0.39% | 0.09% | -0.93% | 0.95% | 2.10% |
Benchmark Metrics
American Funds Multi-Sector Income Fund has an annualized alpha of 1.25%, beta of 0.12, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since March 22, 2019.
- This fund participated in 41.33% of S&P 500 Index downside but only 24.52% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.19 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.19 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.25%
- Beta
- 0.12
- R²
- 0.19
- Upside Capture
- 24.52%
- Downside Capture
- 41.33%
Expense Ratio
MIAQX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIAQX ranks 32 for risk / return — above 32% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MIAQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.00 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.79 | 8.49 | -2.70 |
Dividends
Dividend History
American Funds Multi-Sector Income Fund provided a 5.61% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.57 | $0.52 | $0.45 | $0.30 | $0.40 | $0.35 |
Dividend yield | 5.61% | 5.98% | 5.57% | 4.83% | 3.39% | 3.77% | 3.21% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.28 | |||||
| 2025 | $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 |
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.01 | $0.52 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.45 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.30 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.40 |
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.
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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 18.01%, occurring on Oct 21, 2022. Recovery took 461 trading sessions.
The current American Funds Multi-Sector Income Fund drawdown is 1.43%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.01%Oct 2022 | 1y 1mo | 1y 10mo | 2y 11moSep 2021 - Aug 2024 | Bear market2022 |
-16.41%Mar 2020 | 18d | 4mo 8d | 4mo 26dMar 2020 - Jul 2020 | COVID crash2020 |
-3.83%Apr 2025 | 1mo 8d | 1mo 24d | 3mo 2dMar 2025 - Jun 2025 | 2025 selloff2025 |
-2.84%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 | — |
-2.55%Jan 2025 | 1mo 5d | 1mo 16d | 2mo 21dDec 2024 - Feb 2025 | — |
Drawdown Indicators
| MIAQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -56.78% | +38.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.10% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.17% | -18.90% | +14.73% |
Max Drawdown (5Y)Largest decline over 5 years | -18.01% | -25.43% | +7.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.58% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -10.70% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 2.14% | -1.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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