About CMBOX
American Funds Multi-Sector Income Fund 529-F-1 is an open-end mutual fund designed to deliver a high level of current income with a secondary objective of capital appreciation. It invests primarily in bonds and other debt instruments across four core sectors: high-yield corporate credit, investment-grade corporates, emerging markets debt, and securitized assets, with the flexibility to allocate to U.S. government, municipal, and non-corporate credit when conditions warrant. The portfolio is broadly diversified, with a significant allocation to corporate bonds and meaningful exposure to mortgage- and asset-backed securities, complemented by selective non-U.S. government issuers. The fund distributes income monthly and maintains an intermediate effective duration profile. Managed by Capital Group’s fixed income team, it employs a multi-manager, research-driven approach aimed at balancing yield opportunities with credit and interest rate risk across market cycles. With a relatively low minimum investment for 529 share classes and a stated expense ratio near the class level, it serves as a core-plus income holding within education-focused investment plans seeking diversified fixed income exposure.
Fund Family Capital Group
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol CMBOX
Share Class Class 529-f-1
Index Bloomberg U.S. Aggregate Bond TR
CMBOX had a total return of 6.72% in the past year, including dividends.
Since the fund's inception, the average annual return has been 4.30%.
