American Funds Multi-Sector Income Fund - A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BOND FUNDS

SM

Share Class

Summary

Internal Prompt
An income-oriented strategy. MSI is a relative value credit fund that takes advantage of investment opportunities across high yield, investment grade, and emerging markets, as well as securitized debt.
Price at NAV $9.10 as of 12/07/2022 (updated daily)
Fund Assets (millions) $8,760.9
Portfolio Managers
5
Expense Ratio
0.73%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-14.00%
1-year return
--
5-year return
1.08%
Lifetime return (3/22/19)
5.74%
30-Day SEC Yield
Returns as of 11/30/22 (updated monthly). Yield as of 10/31/22 (updated monthly).

Asset Mix

U.S. Equities0.1%
Non-U.S. Equities0.0%
U.S. Bonds67.6%
Non-U.S. Bonds20.2%
Cash & Equivalents
12.1%
U.S. Equities0.1%
Non-U.S. Equities0.0%
U.S. Bonds67.6%
Non-U.S. Bonds20.2%
Cash & Equivalents
12.1%
As of 10/31/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
MIAQX
Bloomberg U.S. Aggregate Index

High & Low Prices

Fund Statistics

4.9 years
Effective Duration
7.6%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 9/30/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as } of 9/30/22 (updated quarterly)

Description

Fund Objective
The fund's primary objective is to provide a high level of current income. Its secondary objective is capital appreciation.
Distinguishing Characteristics
An income-oriented strategy that invests in a broad range of traditional, high-income asset classes. The fund is designed to provide less volatility and equity correlation than a standalone high yield or emerging market debt fund, without meaningfully reducing income. With a focus on fundamental analysis coupled with a rigorous relative value approach to sector allocation, the fund aims to generate high income across market cycles.
Types of Investments
Primarily invests in a broad range of debt securities across the credit spectrum, including high-yield and investment-grade corporate, emerging market, and securitized debt. The fund may opportunistically invest in other sectors, including U.S. government debt, municipal debt and non-corporate credit.
Holdings Outside the U.S.
The fund may invest a significant portion of its assets in securities of issuers domiciled outside the United States.
Maturity
The fund invests in debt securities with a wide range of maturities.
Portfolio Restrictions
The fund may invest substantially in securities rated Ba1 or below and BB+ or below, or in securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser. The fund may invest in certain derivative instruments, such as futures contracts and swaps. The fund may invest in a derivative if, in the opinion of the investment adviser, the expected risks and rewards of the proposed investment are consistent with the investment objective and strategies of the fund.

Fund Facts

Fund Inception 3/22/2019
Fund Assets (millions)
As of 10/31/2022
$8,760.9
Companies/Issuers
Holdings are as of 9/30/2022 (updated quarterly).
850+
Shareholder Accounts
Shareholder accounts are as of 10/31/2022
22,159
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2021) 36%
Fiscal Year-End Dec
Prospectus Date 05/01/2022
CUSIP 02631W 102
Fund Number 30126

Returns

Internal Prompt

Month-End Returns as of 11/30/22

Quarter-End Returns as of 9/30/22

Internal Prompt

Volatility & Return

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Volatility & Return chart is not available for funds less than 10 years old.

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.36% N/A
Fund at MOP 4.20% 5.74%
As of 10/31/2022 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Xavier Goss 1 1 19
Damien J. McCann 3 22
Kirstie Spence 3 26
Scott Sykes 3 17 21
Shannon Ward 3 5 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(286)
3-yr. Morningstar RatingTM
(286 funds rated)
5-yr. Morningstar RatingTM
(-- funds rated)
--
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Average
HIGH
LOW
Category Multisector Bond
Ratings are based on risk-adjusted returns as of 11/30/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.72
Sharpe Ratio
0.03
For the 3 Years ending 11/30/22 (updated monthly).
American Funds/
Morningstar Benchmark
Bloomberg US Agg Bond TR USD
R-squared 50
Beta 1.05
Capture Ratio (Downside/Upside) 95/145
American Funds and Morningstar Benchmark for the 3 Years ending 11/30/22 (updated monthly).
U.S. Treasuries/Agencies
1.0%
AAA/Aaa
1.5%
AA/Aa
8.7%
A
13.9%
BBB/Baa
21.7%
BB/Ba
21.8%
B
12.0%
CCC & Below
4.0%
Unrated
4.0%
Cash & equivalents
11.3%
% of net assets as of 9/30/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
26.1%
5-9.9 Years
44.9%
10-19.9 Years
5.9%
20-29.9 Years
10.7%
30+ Years
1.1%
% of net assets as of 9/30/2022 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Non-U.S. government/agency securities 8.0%
Asset-backed obligations 5.4%
U.S. government & government agency bonds & notes 1.0%
Municipal securities 0.4%

% of net assets as of 9/30/2022 (updated quarterly)

Top Fixed-Income Issuers

MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)
1.1%
Charter Communications
1.0%
U.S. Treasury
1.0%
Meta Platforms
1.0%
Teva Pharmaceutical
1.0%
Bank of America
0.8%
PG&E
0.8%
JPMorgan Chase
0.7%
Deutsche Telekom
0.7%
Centene
0.6%

% of net assets as of 9/30/2022 (updated quarterly)

Geographic Breakdown

United States
67.7%
Europe
6.1%
Asia & Pacific Basin
3.9%
Other (Including Canada & Latin America)
11.1%
Cash & equivalents
11.2%
% of net assets as of 9/30/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 12/07/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/22 02/01/22 $0.0312143 $0.00 $0.00 $0.00 $10.37
Daily 02/28/22 03/01/22 $0.0268379 $0.00 $0.00 $0.00 $10.14
Daily 03/31/22 04/01/22 $0.0263005 $0.00 $0.00 $0.00 $10.00
Daily 04/29/22 05/02/22 $0.0281664 $0.00 $0.00 $0.00 $9.61
Daily 05/31/22 06/01/22 $0.0316596 $0.00 $0.00 $0.00 $9.55
Daily 06/30/22 07/01/22 $0.0307709 $0.00 $0.00 $0.0012 $9.09
Daily 07/29/22 08/01/22 $0.0338019 $0.00 $0.00 $0.00 $9.37
Daily 08/31/22 09/01/22 $0.0372721 $0.00 $0.00 $0.00 $9.15
Daily 09/30/22 10/03/22 $0.0375896 $0.00 $0.00 $0.00 $8.72
Daily 10/31/22 11/01/22 $0.0398556 $0.00 $0.00 $0.00 $8.74
Daily 11/30/22 12/01/22 $0.0400695 $0.00 $0.00 $0.00 $9.02
2022 Year-to-Date: Dividends Subtotal: $0.36353825 Cap Gains Subtotal: $0.0012
Total Distributions: $0.36473825

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.33%
Other Expenses 0.10%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

MIAQX 0.73%
Lipper Multi-Sector Income Funds Average
0.80%
Fund as of most recent prospectus. Lipper Category as of 9/30/22 (updated quarterly).

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