American Funds Multi-Sector Income Fund (MIAQX)
The fund focuses on investing in bonds and other debt instruments, primarily targeting high-yield corporate debt, investment grade corporate debt, emerging market issuers' debt, and securitized debt. It may also invest in other sectors opportunistically based on market conditions, such as U.S. government debt, municipal debt, and non-corporate credit.
Fund Info
| Issuer | American Funds |
|---|---|
| Inception Date | Mar 21, 2019 |
| Category | Multisector Bonds |
| Min. Investment | $250 |
| Asset Class | Bond |
Expense Ratio
MIAQX features an expense ratio of 0.78%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: MIAQX vs. NDARX, MIAQX vs. ASTEX, MIAQX vs. FXAIX, MIAQX vs. SGOV, MIAQX vs. DINDX, MIAQX vs. HFQAX, MIAQX vs. PONAX, MIAQX vs. FKINX
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.
Returns By Period
American Funds Multi-Sector Income Fund had a return of 6.17% year-to-date (YTD) and 12.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.17% | 24.72% |
| 1 month | -0.66% | 2.30% |
| 6 months | 4.17% | 12.31% |
| 1 year | 12.73% | 32.12% |
| 5 years (annualized) | 2.91% | 13.81% |
| 10 years (annualized) | N/A | 11.31% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | -0.28% | 1.49% | -1.32% | 1.62% | 0.62% | 2.03% | 1.36% | 1.54% | -1.28% | 6.17% | ||
| 2023 | 3.39% | -2.29% | 1.94% | 0.59% | -0.80% | 1.05% | 1.16% | -0.45% | -1.83% | -1.37% | 5.20% | 3.86% | 10.62% |
| 2022 | -2.15% | -1.96% | -1.12% | -3.62% | -0.29% | -4.49% | 3.46% | -1.95% | -4.28% | 0.69% | 3.67% | -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% |
| 2020 | 1.24% | 0.37% | -9.04% | 3.36% | 3.79% | 1.24% | 4.10% | 0.63% | -0.74% | 0.14% | 3.28% | 1.23% | 9.29% |
| 2019 | 0.50% | 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
The current risk-adjusted rank of MIAQX is 81, placing it in the top 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
American Funds Multi-Sector Income Fund provided a 6.00% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.57 | $0.54 | $0.41 | $0.36 | $0.43 |
Dividend yield | 6.00% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.47 | |
| 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.
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 1.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.39% | Sep 17, 2021 | 277 | Oct 21, 2022 | 433 | Jul 16, 2024 | 710 |
| -16.41% | Mar 5, 2020 | 13 | Mar 23, 2020 | 83 | Jul 21, 2020 | 96 |
| -2.41% | Feb 12, 2021 | 24 | Mar 18, 2021 | 50 | May 28, 2021 | 74 |
| -1.98% | Sep 3, 2020 | 15 | Sep 24, 2020 | 29 | Nov 4, 2020 | 44 |
| -1.77% | Oct 2, 2024 | 16 | Oct 23, 2024 | — | — | — |
Volatility
Volatility Chart
The current American Funds Multi-Sector Income Fund volatility is 1.08%, 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.