About MIAQX
American Funds Multi-Sector Income Fund Class A is a diversified fixed-income mutual fund designed to deliver a high level of current income with a secondary goal of capital appreciation. Managed by Capital Research and Management Company, the strategy allocates across multiple bond sectors, including high-yield and investment‑grade corporates, emerging‑market debt, and securitized credit, with flexibility to invest in U.S. government, municipal, and other non‑corporate bonds. The portfolio emphasizes broad credit exposure and active sector rotation to balance income generation with risk management, seeking lower equity correlation than standalone high‑yield or emerging‑market debt approaches. The fund pays monthly dividends and typically maintains a moderate interest‑rate sensitivity, with an effective duration around the mid‑single‑digit years. It features a relatively low minimum initial investment and has grown to a multi‑billion‑dollar asset base since its 2019 inception, reflecting its role as a core-plus income solution within the multisector bond category. Expense ratios and distribution statistics are competitive for its share class, supported by a seasoned, research-driven management team and a disciplined process.
Fund Family Capital Group
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MIAQX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
MIAQX had a total return of 4.91% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.17%.
