American FundsŪ Multi-Sector Income Fund
Bond
Overview
Investors may consider American Funds Multi-Sector Income Fund who are:
- seeking a high level of current income across market cycles.
- interested in a broad range of traditional, high income asset classes.
- seeking less volatility and equity correlation than a standalone high-yield or emerging market debt fund.
Objective
The fund's primary objective is to provide a high level of current income. Its secondary objective is capital appreciation.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 3/22/19
- Net and gross expense ratios:* 1.45% / 1.45%
- Investment expenses paid annually:† $14.50 for a $1,000 balance
- Ticker symbol: MIAUX
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
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.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (Class C shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class C share returns prior to the date of the first sale are hypothetical results based on Class A share returns without a sales charge, adjusted for typical additional annual expenses of about 0.82% on average over the first 10 years. Shares of some funds were not sold on the first day available; please see the fund’s most recent shareholder report for the actual date of first sale.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, all results are calculated at net asset value. Returns at net asset value would have been lower if the contingent deferred sales charge had been deducted. Returns with CDSC reflect deduction of a contingent deferred sales charge (1%) on shares sold within the first year of purchase.
Average annual total returns through 3/31/25
Class C Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | - | 4.31% | 2.79% | 5.72% |
| With CDSC | - | 4.31% | 2.79% | 4.72% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently reimbursing a portion of other expenses. Investment results reflect the reimbursement, without which the results would have been lower. The reimbursement will be in effect through at least May 1, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Read details about how waivers and/or reimbursements affect the results for each fund.
Class C shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class C share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Class C shares convert to Class A shares after 8 years. Prior to 6/30/2020, Class C shares converted to Class F-1 shares after 10 years. View dates of first sale and specific expense adjustment information for Class C shares. Please see the fund prospectus for more information about specific expenses.
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