- 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 1.2% 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 $1,114.
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Returns By Period
American Funds Multi-Sector Income Fund (MIAQX) has returned 1.22% so far this year and 6.41% over the past 12 months.
American Funds Multi-Sector Income Fund
- 1D
- 0.11%
- 1M
- 0.82%
- YTD
- 1.22%
- 6M
- 1.84%
- 1Y
- 6.41%
- 3Y*
- 7.21%
- 5Y*
- 2.18%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 63% of months were positive and 38% 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% | -0.32% | 1.22% | ||||||
| 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 1.42%, 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 40.74% 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
- 1.42%
- Beta
- 0.12
- R²
- 0.19
- Upside Capture
- 24.52%
- Downside Capture
- 40.74%
Expense Ratio
MIAQX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MIAQX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by 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 | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.78 | -0.48 |
| Martin ratioReturn relative to average drawdown | 10.36 | 12.44 | -2.08 |
Dividends
Dividend History
American Funds Multi-Sector Income Fund provided a 6.03% 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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.52 | $0.45 | $0.30 | $0.40 | $0.35 |
Dividend yield | 6.03% | 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 | $0.00 | $0.23 | ||||||
| 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 0.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.01%Oct 2022 | 1y 1mo | 1y 10mo | 2y 11moSep 2021 - Aug 2024 |
COVID crash2020 | -16.41%Mar 2020 | 18d | 4mo 8d | 4mo 26dMar 2020 - Jul 2020 |
2025 selloff2025 | -3.83%Apr 2025 | 1mo 8d | 1mo 24d | 3mo 2dMar 2025 - Jun 2025 |
2026 pullback2026 | -2.84%Mar 2026 | 25d | 21d | 1mo 16dMar 2026 - Apr 2026 |
2025 pullback2025 | -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 | -4.60% | -18.90% | +14.30% |
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 | -0.32% | -1.80% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -10.71% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.03% | -1.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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