MIAQX Alternatives & Similar Mutual Funds

American Funds Multi-Sector Income Fund (MIAQX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MIAQX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MIAQX

MIAQX charges 0.78% annually. There are 38 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
DBSCX	Doubleline Selective Credit Fund	0.05%	—	Aug 2014	MIAQX vs DBSCX
VMSAX	Vanguard Multi-Sector Income Bond Fund Admiral Sha...	0.30%	—	Oct 2021	MIAQX vs VMSAX
JMSIX	JPMorgan Income Fund	0.40%	—	Jun 2014	MIAQX vs JMSIX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	0.40%	—	Jul 2016	MIAQX vs BWDTX
MOFIX	Mercer Opportunistic Fixed Income Fund	0.44%	—	Aug 2013	MIAQX vs MOFIX

Best Risk-Adjusted Alternatives to MIAQX

MIAQX has a PortfoliosLab risk / return rank of 58. There are 40 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	99	—	Nov 2015	MIAQX vs NWXHX
NWXEX	Nationwide Strategic Income A	99	—	Nov 2015	MIAQX vs NWXEX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	98	—	Jul 2016	MIAQX vs BWDTX
CBLDX	CrossingBridge Low Duration High Yield Fund	97	—	Jan 2018	MIAQX vs CBLDX
ICMUX	Intrepid Income Fund	97	—	Jul 2007	MIAQX vs ICMUX

Top Performing MIAQX Alternatives (YTD)

MIAQX is at 1.55% YTD. There are 26 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 4.22%.

Symbol	Name	YTD Return	AUM	Inception
ACP	abrdn Income Credit Strategies Fund	4.22%	—	Jan 2011	MIAQX vs ACP
BRW	Saba Capital Income & Opportunities Fund	3.83%	—	Dec 1987	MIAQX vs BRW
LFLIX	BrandywineGLOBAL - Flexible Bond Fund	2.82%	—	May 2016	MIAQX vs LFLIX
ICMUX	Intrepid Income Fund	2.43%	—	Jul 2007	MIAQX vs ICMUX
NWXHX	Nationwide Amundi Strategic Income Fund	2.29%	—	Nov 2015	MIAQX vs NWXHX

Lowest Volatility Alternatives to MIAQX

MIAQX has 3.64% 1-year volatility. There are 55 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.16%.

Symbol	Name	Volatility 1Y	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	1.16%	—	Nov 2015	MIAQX vs NWXHX
NWXEX	Nationwide Strategic Income A	1.21%	—	Nov 2015	MIAQX vs NWXEX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	1.29%	—	Jul 2016	MIAQX vs BWDTX
CBLDX	CrossingBridge Low Duration High Yield Fund	1.39%	—	Jan 2018	MIAQX vs CBLDX
RFXIX	Rational Special Situations Income Fund	1.41%	—	Jul 2019	MIAQX vs RFXIX

Lowest Drawdown Alternatives to MIAQX

MIAQX has a 1-year max drawdown of -2.84%. There are 49 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NWXHX	Nationwide Amundi Strategic Income Fund	-0.41%	—	Nov 2015	MIAQX vs NWXHX
NWXEX	Nationwide Strategic Income A	-0.43%	—	Nov 2015	MIAQX vs NWXEX
RFXIX	Rational Special Situations Income Fund	-0.72%	—	Jul 2019	MIAQX vs RFXIX
CBLDX	CrossingBridge Low Duration High Yield Fund	-0.73%	—	Jan 2018	MIAQX vs CBLDX
BWDTX	Boyd Watterson Limited Duration Enhanced Income Fu...	-1.00%	—	Jul 2016	MIAQX vs BWDTX

Other Mutual Funds from American Funds

The 10 most viewed American Funds mutual funds shown here include ABALX, AIVSX, RGAGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ABALX	American Funds American Balanced Fund Class A	Diversified Portfolio	85	9.98%	—	Jul 1975	MIAQX vs ABALX
AIVSX	American Funds Investment Company of America Class...	Large Cap Blend Equities	55	10.91%	—	Jan 1934	MIAQX vs AIVSX
RGAGX	American Funds The Growth Fund of America Class R-...	Large Cap Growth Equities	35	10.24%	—	Dec 1973	MIAQX vs RGAGX
AWSHX	American Funds Washington Mutual Investors Fund Cl...	Large Cap Blend Equities	38	5.89%	—	Jul 1952	MIAQX vs AWSHX
RERGX	American Funds EuroPacific Growth Fund Class R-6	Foreign Large Cap Equities, Large Cap Growth Equities	40	12.33%	—	—	MIAQX vs RERGX
ANCFX	American Funds Fundamental Investors Class A	Large Cap Blend Equities	75	15.14%	—	Jan 1978	MIAQX vs ANCFX
ANWPX	American Funds New Perspective Fund Class A	Large Cap Growth Equities, Global Equities	29	7.38%	—	Mar 1973	MIAQX vs ANWPX
GFFFX	American Funds The Growth Fund of America	Large Cap Growth Equities	34	10.19%	—	Dec 1973	MIAQX vs GFFFX
AMECX	American Funds The Income Fund of America Class A	Diversified Portfolio, Dividend	53	6.34%	—	Dec 1973	MIAQX vs AMECX
AMCPX	American Funds AMCAP Fund Class A	Large Cap Growth Equities	27	6.34%	—	Jan 1967	MIAQX vs AMCPX

Often Compared With MIAQX

Investors most often compare MIAQX with DINDX, HFQAX, AIBAX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DINDX	Morgan Stanley Global Fixed Income Opportunities F...	Multisector Bonds	—	—	—	Jul 1997	MIAQX vs DINDX
HFQAX	Janus Henderson Global Equity Income Fund	Foreign Large Cap Equities	56	12.52%	—	Nov 2006	MIAQX vs HFQAX
AIBAX	American Funds Intermediate Bond Fund of America	Short-Term Bond	24	0.06%	—	Feb 1988	MIAQX vs AIBAX
NDARX	American Funds Retirement Income Portfolio - Enhan...	Diversified Portfolio	64	7.00%	—	Aug 2015	MIAQX vs NDARX
ASTEX	American Funds Short-Term Tax Exempt Bond Fund	Municipal Bonds	80	1.00%	—	Aug 2009	MIAQX vs ASTEX
PONAX	PIMCO Income Fund Class A	Multisector Bonds	41	0.83%	—	Apr 2007	MIAQX vs PONAX
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	MIAQX vs FXAIX
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	1.51%	91.90B	May 2020	MIAQX vs SGOV
FKINX	Franklin Income Fund Class A1	Diversified Portfolio	87	5.16%	—	—	MIAQX vs FKINX
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	MIAQX vs VOO
SDHY	PGIM Short Duration High Yield Opportunities Fund	High Yield Bonds	11	-0.17%	—	—	MIAQX vs SDHY
ADVNX	North Square Strategic Income Fund	Multisector Bonds	47	1.65%	—	Dec 2012	MIAQX vs ADVNX
CWGIX	American Funds Capital World Growth and Income Fun...	Global Equities	74	16.44%	—	Mar 1993	MIAQX vs CWGIX
NEWFX	American Funds New World Fund	Emerging Markets Diversified	65	17.42%	—	Jun 1999	MIAQX vs NEWFX
CRMVX	Potomac Managed Volatility Fund	Multisector Bonds	70	2.22%	—	Jun 2020	MIAQX vs CRMVX
SMCWX	American Funds SMALLCAP World Fund Class A	Foreign Small & Mid Cap Equities, Mid Cap Growth Equities	35	12.78%	—	Apr 1990	MIAQX vs SMCWX
CBRDX	CrossingBridge Responsible Credit Fund	Multisector Bonds	70	0.73%	—	Jun 2021	MIAQX vs CBRDX
ESIIX	Eaton Vance Strategic Income Fund Class I	Multisector Bonds	92	2.18%	—	Apr 2009	MIAQX vs ESIIX
AXSIX	Axonic Strategic Income Fund	Multisector Bonds	87	1.94%	—	Dec 2019	MIAQX vs AXSIX
JSVIX	Easterly Income Opportunities Fund	Multisector Bonds	79	0.37%	—	Aug 2018	MIAQX vs JSVIX

Compare MIAQX with Any Fund or Stock

Compare MIAQX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MIAQX with funds that move differently

American Funds Multi-Sector Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MIAQX.

Explore MIAQX Diversifiers

American Funds Multi-Sector Income Fund (MIAQX) Alternatives