About MIAUX
American Funds Multi-Sector Income Fund Class C is an actively managed mutual fund focused on generating a high level of current income with a secondary aim of capital appreciation. The strategy allocates across multiple fixed income sectors, including a core in U.S. corporate credit, alongside mortgage-backed and asset-backed securities, U.S. Treasuries, and non-U.S. government or agency bonds, seeking diversified sources of yield and balanced credit and interest-rate exposure. The portfolio maintains a moderate interest-rate profile, reflected in an effective duration around the mid‑four‑year range, and distributes income to shareholders on a monthly basis. Managed by Capital Group, the fund employs a multi-manager, research-driven approach and holds a broad roster of issuers to diversify issuer and sector risk. It is positioned within the multisector bond category, aiming to navigate changing credit cycles through flexible allocation across quality tiers and geographies. Class C shares feature ongoing distribution and service fees embedded in expenses, which are higher than many peers, an important structural consideration for investors comparing share classes.
Fund Family Capital Group
Category Multisector Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MIAUX
Share Class Class C
Index Bloomberg U.S. Aggregate Bond TR
MIAUX had a total return of 5.44% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.42%.
