About CMBKX
American Funds Multi-Sector Income Fund 529-A is an actively managed multisector bond mutual fund designed to deliver a high level of current income with a secondary goal of capital appreciation. The strategy allocates across diversified fixed-income sectors—principally high-yield and investment-grade corporates, securitized credit such as mortgage- and asset-backed obligations, and emerging-markets debt—while retaining the flexibility to add U.S. government and municipal exposure as conditions warrant. Its portfolio is predominantly invested in bonds, with the balance held in cash and minimal equity exposure, seeking income from a wide opportunity set and multiple credit cycles. The fund distributes income monthly and has maintained a moderate interest-rate profile, reflected in a mid-range effective duration. Notable portfolio building blocks include corporate bonds, mortgage-backed obligations, and selected non-U.S. government/agency securities, supporting diversified credit and sector risk management. Backed by Capital Group’s research-driven, team-managed process, the fund plays a role as a core-plus income holding for investors seeking broad credit exposure and consistent cash flow within a single, actively managed fixed-income vehicle.
Fund Family Capital Group
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CMBKX
Share Class Class 529-a
Index Bloomberg U.S. Aggregate Bond TR
CMBKX had a total return of 7.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.32%.
