CMBMX

About CMBMX

American Funds Multi-Sector Income Fund 529-E 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 primarily to **U.S. and non-U.S. bonds**, with broad exposure across **corporate credit**, **mortgage-backed securities**, **asset-backed obligations**, **U.S. Treasuries**, and select **non-U.S. government/agency debt**, enabling diversified sources of income and credit risk. The portfolio’s intermediate **effective duration**—recently in the mid‑4‑year range—aims to balance income generation with interest-rate sensitivity, while an **average yield to worst** in the mid‑6% area reflects its income focus within the multisector bond category. Managed by Capital Group, the fund pays **monthly distributions** and has been in operation since 2019, supporting education savings within a 529 plan structure. By drawing from multiple fixed-income sectors and active security selection, American Funds Multi-Sector Income Fund 529-E serves as a core-plus income holding that complements broader fixed-income allocations and seeks consistent cash flow across market cycles.