CMBOX

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.