About MIAWX
American Funds Multi-Sector Income Fund Class F-1 is an actively managed mutual fund focused on generating a high level of current income with a secondary goal of capital appreciation. It invests broadly across the fixed income spectrum, allocating to investment-grade and high-yield corporates, emerging market debt, and securitized assets such as mortgage- and asset-backed securities, with tactical exposure to U.S. Treasuries, municipal bonds, and non-corporate credit when opportunities arise. Managed by Capital Research and Management Company, the strategy emphasizes diversified sources of income, risk-aware security selection, and flexible sector rotation to navigate changing credit and interest rate environments. The portfolio spans hundreds of issuers, pays dividends monthly, and maintains a multi-sector composition anchored in corporate bonds, complemented by meaningful allocations to mortgage-backed obligations and non-U.S. bonds. Since its 2019 inception, it has aimed to provide income across market cycles while moderating equity correlation relative to standalone high-yield or emerging market debt exposures, positioning it as a core-plus income solution within the multisector bond category.
Fund Family Capital Group
Category Multisector Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MIAWX
Share Class Class F-1
Index Bloomberg U.S. Aggregate Bond TR
MIAWX had a total return of 8.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.75%.
