American Funds® Multi-Sector Income Fund
Investment portfolio
March 31, 2023
Investment portfolio
March 31, 2023
unaudited
|
Bonds, notes & other debt instruments 96.14%
Corporate bonds, notes & loans 68.89%
Financials 11.59%
|
|
Principal amount
(000)
|
Value
(000)
|
|
Advisor Group Holdings, LLC 6.25% 3/1/20281
|
USD
7,440
|
$6,709
|
|
|
AerCap Ireland Capital DAC 2.45% 10/29/2026
|
1,322
|
1,188
|
|
|
AerCap Ireland Capital DAC 3.00% 10/29/2028
|
980
|
856
|
|
|
AerCap Ireland Capital DAC 3.30% 1/30/2032
|
11,651
|
9,661
|
|
|
AerCap Ireland Capital DAC 3.40% 10/29/2033
|
300
|
244
|
|
|
AerCap Ireland Capital DAC 3.85% 10/29/2041
|
26,869
|
20,616
|
|
|
AG Merger Sub II, Inc. 10.75% 8/1/20271
|
4,643
|
4,717
|
|
|
AG TTMT Escrow Issuer, LLC 8.625% 9/30/20271
|
14,938
|
15,050
|
|
|
Alliant Holdings Intermediate, LLC 4.25% 10/15/20271
|
9,840
|
8,825
|
|
|
Alliant Holdings Intermediate, LLC 6.75% 10/15/20271
|
18,918
|
17,564
|
|
|
Alliant Holdings Intermediate, LLC 5.875% 11/1/20291
|
10,490
|
8,865
|
|
|
American Express Co. 4.42% 8/3/2033 (USD-SOFR + 1.76% on 8/3/2032)2
|
6,392
|
6,115
|
|
|
American International Group, Inc. 5.125% 3/27/2033
|
4,911
|
4,885
|
|
|
American International Group, Inc. 4.375% 6/30/2050
|
11,250
|
9,626
|
|
|
AmWINS Group, Inc. 4.875% 6/30/20291
|
19,105
|
16,933
|
|
|
Aon Corp. 5.35% 2/28/2033
|
8,729
|
9,051
|
|
|
Aretec Escrow Issuer, Inc. 7.50% 4/1/20291
|
18,309
|
14,992
|
|
|
Ascensus, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 11.313% 8/2/20293,4
|
3,415
|
3,073
|
|
|
AssuredPartners, Inc. 7.00% 8/15/20251
|
335
|
326
|
|
|
AssuredPartners, Inc. 8.00% 5/15/20271
|
9,122
|
8,716
|
|
|
AssuredPartners, Inc. 5.625% 1/15/20291
|
5,773
|
4,996
|
|
|
Banco Santander, SA 2.746% 5/28/2025
|
1,600
|
1,510
|
|
|
Banco Santander, SA 5.294% 8/18/2027
|
3,200
|
3,152
|
|
|
Bangkok Bank PCL 4.45% 9/19/2028
|
200
|
197
|
|
|
Bangkok Bank PCL 3.733% 9/25/2034
(5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)2
|
23,400
|
19,882
|
|
|
Bangkok Bank PCL 3.466% 9/23/2036
(5-year UST Yield Curve Rate T Note Constant Maturity + 2.15% on 9/23/2031)2
|
3,600
|
2,946
|
|
|
Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026)2
|
1,844
|
1,840
|
|
|
Bank of America Corp. 1.734% 7/22/2027 (USD-SOFR + 0.96% on 7/22/2026)2
|
5,623
|
5,047
|
|
|
Bank of America Corp. 2.551% 2/4/2028 (USD-SOFR + 1.05% on 2/4/2027)2
|
700
|
637
|
|
|
Bank of America Corp. 4.948% 7/22/2028 (USD-SOFR + 2.04% on 7/22/2027)2
|
46,160
|
45,934
|
|
|
Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030)2
|
252
|
202
|
|
|
Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030)2
|
1,042
|
832
|
|
|
Bank of America Corp. 5.015% 7/22/2033 (USD-SOFR + 2.16% on 7/22/2032)2
|
12,655
|
12,525
|
|
|
Bank of Nova Scotia 2.45% 2/2/2032
|
5,911
|
4,877
|
|
|
Block, Inc. 3.50% 6/1/2031
|
15,000
|
12,333
|
|
|
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)1,2
|
6,450
|
6,495
|
|
|
Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)2
|
4,758
|
4,641
|
|
|
Charles Schwab Corp. 2.45% 3/3/2027
|
15,813
|
14,190
|
|
|
China Ping An Insurance Overseas (Holdings), Ltd. 2.85% 8/12/2031
|
2,888
|
2,299
|
|
|
Chubb INA Holdings, Inc. 2.85% 12/15/2051
|
2,463
|
1,741
|
|
|
Chubb INA Holdings, Inc. 3.05% 12/15/2061
|
155
|
105
|
|
|
Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031)2
|
20
|
16
|
|
|
Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032)2
|
5,053
|
4,280
|
|
American Funds Multi-Sector Income Fund — Page 1 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Citigroup, Inc. 3.785% 3/17/2033 (USD-SOFR + 1.939% on 3/17/2032)2
|
USD
20,015
|
$17,961
|
|
|
Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032)2
|
15,396
|
16,664
|
|
|
CMB International Leasing Management, Ltd. 2.75% 8/12/2030
|
5,505
|
4,477
|
|
|
Coinbase Global, Inc. 3.375% 10/1/20281
|
6,702
|
4,145
|
|
|
Coinbase Global, Inc. 3.625% 10/1/20311
|
11,525
|
6,466
|
|
|
Compass Diversified Holdings 5.25% 4/15/20291
|
31,725
|
27,972
|
|
|
Compass Diversified Holdings 5.00% 1/15/20321
|
10,080
|
8,185
|
|
|
Corebridge Financial, Inc. 3.85% 4/5/20291
|
5,959
|
5,447
|
|
|
Corebridge Financial, Inc. 3.90% 4/5/20321
|
12,896
|
11,178
|
|
|
Corebridge Financial, Inc. 4.35% 4/5/20421
|
1,724
|
1,421
|
|
|
Corebridge Financial, Inc. 4.40% 4/5/20521
|
14,051
|
11,021
|
|
|
Credit Suisse Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030)1,2
|
1,400
|
1,246
|
|
|
Credit Suisse Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031)1,2
|
24,025
|
19,375
|
|
|
Danske Bank AS 4.298% 4/1/2028
(1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 4/1/2027)1,2
|
12,485
|
11,798
|
|
|
Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026)2
|
2,094
|
1,777
|
|
|
Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027)2
|
7,149
|
6,075
|
|
|
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)2
|
6,600
|
6,559
|
|
|
Deutsche Bank AG 3.547% 9/18/2031 (USD-SOFR + 3.043% on 9/18/2030)2
|
300
|
246
|
|
|
Deutsche Bank AG 3.742% 1/7/2033 (USD-SOFR + 2.257% on 1/7/2032)2
|
11,640
|
8,432
|
|
|
Discover Financial Services 6.70% 11/29/2032
|
4,450
|
4,593
|
|
|
DNB Bank ASA 1.535% 5/25/2027
(5-year UST Yield Curve Rate T Note Constant Maturity + 0.72% on 5/25/2026)1,2
|
2,550
|
2,268
|
|
|
Five Corners Funding Trust III 5.791% 2/15/20331
|
5,520
|
5,671
|
|
|
FS Energy and Power Fund 7.50% 8/15/20231
|
6,804
|
6,800
|
|
|
GE Capital Funding, LLC 4.55% 5/15/2032
|
4,350
|
4,267
|
|
|
Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026)2
|
1,995
|
1,784
|
|
|
Goldman Sachs Group, Inc. 3.615% 3/15/2028 (USD-SOFR + 1.846% on 3/15/2027)2
|
9,660
|
9,148
|
|
|
Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031)2
|
22,422
|
18,691
|
|
|
Goldman Sachs Group, Inc. 2.65% 10/21/2032 (USD-SOFR + 1.264% on 10/21/2031)2
|
21,740
|
17,978
|
|
|
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)2
|
105
|
90
|
|
|
Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042)2
|
3,010
|
2,326
|
|
|
Groupe BPCE SA 1.652% 10/6/2026 (USD-SOFR + 1.52% on 10/6/2025)1,2
|
250
|
225
|
|
|
Groupe BPCE SA 2.277% 1/20/2032 (USD-SOFR + 1.312% on 1/20/2031)1,2
|
10,020
|
7,807
|
|
|
HDFC Bank, Ltd. 3.70% junior subordinated perpetual bonds
(5-Year UST Yield Curve Rate T Note Constant Maturity + 2.925% on 2/25/2027)1,2
|
2,000
|
1,679
|
|
|
Hightower Holding, LLC 6.75% 4/15/20291
|
6,955
|
5,926
|
|
|
HSBC Holdings PLC 4.755% 6/9/2028 (USD-SOFR + 2.11% on 6/9/2027)2
|
1,065
|
1,033
|
|
|
HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028)2
|
2,093
|
1,757
|
|
|
HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031)2
|
15,101
|
12,341
|
|
|
HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031)2
|
3,892
|
3,159
|
|
|
HSBC Holdings PLC 5.402% 8/11/2033 (USD-SOFR + 2.87% on 8/11/2032)2
|
7,400
|
7,320
|
|
|
HSBC Holdings PLC 6.254% 3/9/2034 (USD-SOFR + 2.39% on 3/9/2033)2
|
30,610
|
32,028
|
|
|
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)2
|
21,030
|
22,263
|
|
|
Huarong Finance 2017 Co., Ltd. (3-month USD-LIBOR + 1.325%) 6.079% 7/3/20234
|
1,360
|
1,354
|
|
|
Huarong Finance 2017 Co., Ltd. 4.75% 4/27/2027
|
1,000
|
809
|
|
|
Huarong Finance 2017 Co., Ltd. 4.25% 11/7/2027
|
3,500
|
2,708
|
|
|
Huarong Finance 2019 Co., Ltd. 3.75% 5/29/2024
|
200
|
186
|
|
|
Huarong Finance 2019 Co., Ltd. (3-month USD-LIBOR + 1.25%) 6.178% 2/24/20254
|
1,862
|
1,672
|
|
|
Huarong Finance II Co., Ltd. 5.50% 1/16/2025
|
438
|
404
|
|
|
Huarong Finance II Co., Ltd. 5.00% 11/19/2025
|
200
|
174
|
|
|
Huarong Finance II Co., Ltd. 4.625% 6/3/2026
|
216
|
181
|
|
|
Huarong Finance II Co., Ltd. 4.875% 11/22/2026
|
698
|
579
|
|
|
HUB International, Ltd. 7.00% 5/1/20261
|
10,885
|
10,708
|
|
American Funds Multi-Sector Income Fund — Page 2 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
HUB International, Ltd. 5.625% 12/1/20291
|
USD
8,733
|
$7,620
|
|
|
ICBCIL Finance Co., Ltd. 3.625% 11/15/2027
|
4,600
|
4,374
|
|
|
ING Groep NV 4.252% 3/28/2033 (USD-SOFR + 2.07% on 3/28/2032)2
|
3,976
|
3,636
|
|
|
Intercontinental Exchange, Inc. 4.60% 3/15/2033
|
304
|
302
|
|
|
Intercontinental Exchange, Inc. 2.65% 9/15/2040
|
575
|
418
|
|
|
Intercontinental Exchange, Inc. 3.00% 6/15/2050
|
4,964
|
3,492
|
|
|
Iron Mountain Information Management Services, Inc. 5.00% 7/15/20321
|
14,405
|
12,384
|
|
|
JPMorgan Chase & Co. 1.561% 12/10/2025 (USD-SOFR + 0.605% on 12/10/2024)2
|
76
|
71
|
|
|
JPMorgan Chase & Co. 1.578% 4/22/2027 (USD-SOFR + 0.885% on 4/22/2026)2
|
1,126
|
1,013
|
|
|
JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027)2
|
17,140
|
17,124
|
|
|
JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031)2
|
1,300
|
1,047
|
|
|
JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032)2
|
209
|
179
|
|
|
JPMorgan Chase & Co. 4.586% 4/26/2033 (USD-SOFR + 1.80% on 4/26/2032)2
|
512
|
496
|
|
|
JPMorgan Chase & Co. 4.912% 7/25/2033 (USD-SOFR + 2.08% on 7/25/2032)2
|
14,850
|
14,773
|
|
|
Kasikornbank PCL HK 3.343% 10/2/2031
(5-year UST Yield Curve Rate T Note Constant Maturity + 1.70% on 10/2/2026)2
|
29,100
|
25,629
|
|
|
KBC Groep NV 5.796% 1/19/2029
(1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)1,2
|
3,600
|
3,625
|
|
|
Keb Hana Bank 3.25% 3/30/20271
|
4,110
|
3,910
|
|
|
Keb Hana Bank 3.25% 3/30/2027
|
3,890
|
3,701
|
|
|
LPL Holdings, Inc. 4.625% 11/15/20271
|
2,245
|
2,124
|
|
|
LPL Holdings, Inc. 4.00% 3/15/20291
|
13,325
|
12,006
|
|
|
LPL Holdings, Inc. 4.375% 5/15/20311
|
5,945
|
5,263
|
|
|
Marsh & McLennan Companies, Inc. 2.375% 12/15/2031
|
1,644
|
1,362
|
|
|
Marsh & McLennan Companies, Inc. 5.45% 3/15/2053
|
1,444
|
1,490
|
|
|
Mastercard, Inc. 1.90% 3/15/2031
|
18,110
|
15,410
|
|
|
MetLife, Inc. 5.00% 7/15/2052
|
1,045
|
979
|
|
|
Metropolitan Life Global Funding I 5.05% 1/6/20281
|
3,890
|
3,941
|
|
|
Metropolitan Life Global Funding I 5.15% 3/28/20331
|
1,808
|
1,824
|
|
|
Mitsubishi UFJ Financial Group, Inc. 5.133% 7/20/2033
(1-year UST Yield Curve Rate T Note Constant Maturity + 2.125% on 7/20/2032)2
|
445
|
441
|
|
|
Morgan Stanley 4.679% 7/17/2026 (USD-SOFR + 1.669% on 7/17/2025)2
|
9,650
|
9,532
|
|
|
Morgan Stanley 1.512% 7/20/2027 (USD-SOFR + 0.858% on 7/20/2026)2
|
3,160
|
2,811
|
|
|
Morgan Stanley 4.21% 4/20/2028 (USD-SOFR + 1.61% on 4/20/2027)2
|
3,469
|
3,370
|
|
|
Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028)2
|
8,559
|
8,634
|
|
|
Morgan Stanley 2.511% 10/20/2032 (USD-SOFR + 1.20% on 10/20/2031)2
|
459
|
376
|
|
|
Morgan Stanley 4.889% 7/20/2033 (USD-SOFR + 2.077% on 7/20/2032)2
|
22,325
|
21,957
|
|
|
Morgan Stanley 6.342% 10/18/2033 (USD-SOFR + 2.565% on 10/18/2032)2
|
11,940
|
13,051
|
|
|
MSCI, Inc. 4.00% 11/15/20291
|
3,385
|
3,092
|
|
|
MSCI, Inc. 3.625% 9/1/20301
|
3,680
|
3,202
|
|
|
MSCI, Inc. 3.875% 2/15/20311
|
4,546
|
4,050
|
|
|
MSCI, Inc. 3.25% 8/15/20331
|
7,145
|
5,858
|
|
|
National Financial Partners Corp. 6.875% 8/15/20281
|
14,269
|
12,258
|
|
|
Navient Corp. 5.00% 3/15/2027
|
7,025
|
6,197
|
|
|
Navient Corp. 4.875% 3/15/2028
|
1,775
|
1,495
|
|
|
Navient Corp. 5.625% 8/1/2033
|
14,840
|
11,028
|
|
|
New York Life Global Funding 4.55% 1/28/20331
|
4,621
|
4,578
|
|
|
NFP Corp. 7.50% 10/1/20301
|
7,000
|
6,771
|
|
|
Oxford Finance, LLC 6.375% 2/1/20271
|
11,180
|
10,467
|
|
|
PayPal Holdings, Inc. 4.40% 6/1/2032
|
15,000
|
14,683
|
|
|
PayPal Holdings, Inc. 5.05% 6/1/2052
|
22,655
|
21,816
|
|
|
PayPal Holdings, Inc. 5.25% 6/1/2062
|
3,995
|
3,873
|
|
|
PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032)2
|
3,126
|
3,292
|
|
|
PNC Financial Services Group, Inc. 5.068% 1/24/2034 (USD-SOFR + 1.933% on 1/24/2033)2
|
2,479
|
2,448
|
|
American Funds Multi-Sector Income Fund — Page 3 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Financials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Power Financial Corp., Ltd. 6.15% 12/6/2028
|
USD
1,200
|
$1,230
|
|
|
Power Financial Corp., Ltd. 4.50% 6/18/2029
|
3,300
|
3,096
|
|
|
Rede D’Or Finance SARL 4.50% 1/22/20301
|
1,938
|
1,594
|
|
|
Royal Bank of Canada 6.00% 11/1/2027
|
10,570
|
11,031
|
|
|
Royal Bank of Canada 5.00% 2/1/2033
|
8,246
|
8,352
|
|
|
Ryan Specialty Group, LLC 4.375% 2/1/20301
|
14,500
|
12,697
|
|
|
State Street Corp. 4.821% 1/26/2034 (USD-SOFR + 1.567% on 1/26/2033)2
|
28,299
|
28,168
|
|
|
Sumitomo Mitsui Financial Group, Inc. 5.766% 1/13/2033
|
200
|
209
|
|
|
SVB Financial Group 4.70% junior subordinated perpetual bonds
(5-year UST Yield Curve Rate T Note Constant Maturity + 3.064% on 11/15/2031)2,5
|
3,843
|
248
|
|
|
The Allstate Corp. 5.25% 3/30/2033
|
2,604
|
2,635
|
|
|
Toronto-Dominion Bank 5.156% 1/10/2028
|
3,673
|
3,714
|
|
|
Travelers Companies, Inc. 4.10% 3/4/2049
|
20
|
17
|
|
|
Wells Fargo & Company 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027)2
|
5,500
|
5,436
|
|
|
Wells Fargo & Company 4.478% 4/4/2031 (3-month USD-LIBOR + 3.77% on 4/4/2030)2
|
41,700
|
39,948
|
|
|
Wells Fargo & Company 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)2
|
1,395
|
1,210
|
|
|
Wells Fargo & Company 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)2
|
3,649
|
3,242
|
|
|
Xiaomi Best Time International, Ltd. 2.875% 7/14/2031
|
3,500
|
2,669
|
|
|
Xiaomi Best Time International, Ltd. 2.875% 7/14/20311
|
1,805
|
1,376
|
|
|
Xiaomi Best Time International, Ltd. 4.10% 7/14/20511
|
1,120
|
687
|
|
|
|
|
|
1,128,095
|
|
Energy 10.15%
|
|
|
|
|
AI Candelaria (Spain), SLU 5.75% 6/15/20331
|
2,135
|
1,516
|
|
|
Apache Corp. 4.625% 11/15/2025
|
985
|
951
|
|
|
Apache Corp. 4.25% 1/15/2030
|
4,000
|
3,654
|
|
|
Apache Corp. 6.00% 1/15/2037
|
55
|
51
|
|
|
Apache Corp. 5.10% 9/1/2040
|
8,030
|
6,818
|
|
|
Apache Corp. 5.25% 2/1/2042
|
4,450
|
3,743
|
|
|
Apache Corp. 4.75% 4/15/2043
|
1,760
|
1,324
|
|
|
Apache Corp. 5.35% 7/1/2049
|
5,805
|
4,494
|
|
|
Ascent Resources Utica Holdings, LLC 7.00% 11/1/20261
|
5,155
|
4,988
|
|
|
Ascent Resources Utica Holdings, LLC 8.25% 12/31/20281
|
5,077
|
4,917
|
|
|
Ascent Resources Utica Holdings, LLC 5.875% 6/30/20291
|
3,240
|
2,863
|
|
|
Baker Hughes Holdings, LLC 2.061% 12/15/2026
|
2,698
|
2,445
|
|
|
BIP-V Chinook Holdco, LLC 5.50% 6/15/20311
|
13,735
|
12,362
|
|
|
Blue Racer Midstream, LLC 7.625% 12/15/20251
|
7,043
|
6,979
|
|
|
Bonanza Creek Energy, Inc. 5.00% 10/15/20261
|
12,815
|
12,062
|
|
|
BP Capital Markets America, Inc. 1.749% 8/10/2030
|
19,500
|
16,146
|
|
|
California Resources Corp. 7.125% 2/1/20261
|
12,000
|
12,159
|
|
|
Callon Petroleum Co. 8.00% 8/1/20281
|
4,300
|
4,264
|
|
|
Callon Petroleum Co. 7.50% 6/15/20301
|
22,165
|
20,856
|
|
|
Canadian Natural Resources, Ltd. 2.95% 7/15/2030
|
658
|
572
|
|
|
Canadian Natural Resources, Ltd. 4.95% 6/1/2047
|
65
|
59
|
|
|
Cenovus Energy, Inc. 5.375% 7/15/2025
|
172
|
172
|
|
|
Cenovus Energy, Inc. 3.75% 2/15/2052
|
1,668
|
1,217
|
|
|
Centennial Resource Production, LLC 6.875% 4/1/20271
|
30
|
29
|
|
|
Cheniere Energy Partners, LP 4.50% 10/1/2029
|
12,157
|
11,305
|
|
|
Cheniere Energy Partners, LP 4.00% 3/1/2031
|
3,655
|
3,257
|
|
|
Cheniere Energy Partners, LP 3.25% 1/31/2032
|
6,155
|
5,091
|
|
|
Cheniere Energy, Inc. 4.625% 10/15/2028
|
13,290
|
12,645
|
|
|
Chesapeake Energy Corp. 5.50% 2/1/20261
|
3,110
|
3,064
|
|
|
Chesapeake Energy Corp. 5.875% 2/1/20291
|
25,680
|
24,475
|
|
|
Chesapeake Energy Corp. 6.75% 4/15/20291
|
1,280
|
1,272
|
|
American Funds Multi-Sector Income Fund — Page 4 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Energy (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Chevron Corp. 1.995% 5/11/2027
|
USD
21,734
|
$19,918
|
|
|
Chevron Corp. 2.236% 5/11/2030
|
5,035
|
4,454
|
|
|
Chevron Corp. 3.078% 5/11/2050
|
5,214
|
3,954
|
|
|
CNX Resources Corp. 7.25% 3/14/20271
|
5,045
|
5,025
|
|
|
CNX Resources Corp. 6.00% 1/15/20291
|
8,304
|
7,774
|
|
|
CNX Resources Corp. 7.375% 1/15/20311
|
5,085
|
5,015
|
|
|
Colgate Energy Partners III, LLC 5.875% 7/1/20291
|
11,000
|
10,428
|
|
|
Comstock Resources, Inc. 6.75% 3/1/20291
|
10,215
|
9,356
|
|
|
Comstock Resources, Inc. 5.875% 1/15/20301
|
12,635
|
10,867
|
|
|
ConocoPhillips 3.80% 3/15/2052
|
1,311
|
1,087
|
|
|
Continental Resources, Inc. 5.75% 1/15/20311
|
1,600
|
1,539
|
|
|
Continental Resources, Inc. 2.875% 4/1/20321
|
3,734
|
2,902
|
|
|
Crescent Energy Finance, LLC 9.25% 2/15/20281
|
14,608
|
14,020
|
|
|
Crestwood Midstream Partners, LP 8.00% 4/1/20291
|
9,580
|
9,780
|
|
|
Crestwood Midstream Partners, LP 7.375% 2/1/20311
|
12,443
|
12,455
|
|
|
CrownRock, LP 5.00% 5/1/20291
|
6,750
|
6,296
|
|
|
Diamond Foreign Asset Co. 9.00% Cash 4/22/20271,4,6
|
102
|
98
|
|
|
Diamond Foreign Asset Co. 9.00% Cash 4/22/20276
|
92
|
89
|
|
|
DT Midstream, Inc. 4.125% 6/15/20291
|
1,755
|
1,541
|
|
|
DT Midstream, Inc. 4.375% 6/15/20311
|
4,075
|
3,556
|
|
|
Ecopetrol SA 6.875% 4/29/2030
|
5,990
|
5,526
|
|
|
Ecopetrol SA 4.625% 11/2/2031
|
250
|
193
|
|
|
Ecopetrol SA 8.875% 1/13/2033
|
15,585
|
15,788
|
|
|
Enbridge, Inc. 3.40% 8/1/2051
|
718
|
507
|
|
|
Energean Israel Finance, Ltd. 4.50% 3/30/20241
|
805
|
789
|
|
|
Energean Israel Finance, Ltd. 5.875% 3/30/20311
|
930
|
817
|
|
|
Energy Transfer Partners, LP 6.125% 12/15/2045
|
20
|
19
|
|
|
Energy Transfer Partners, LP 5.30% 4/15/2047
|
70
|
61
|
|
|
Energy Transfer Partners, LP 6.00% 6/15/2048
|
260
|
249
|
|
|
Energy Transfer Partners, LP 6.25% 4/15/2049
|
13,700
|
13,599
|
|
|
Energy Transfer Partners, LP 6.50% junior subordinated perpetual bonds
(5-year UST Yield Curve Rate T Note Constant Maturity + 5.694% on 11/15/2026)2
|
1,107
|
977
|
|
|
Enterprise Products Operating, LLC 5.35% 1/31/2033
|
2,163
|
2,243
|
|
|
Enterprise Products Operating, LLC 3.20% 2/15/2052
|
118
|
84
|
|
|
EQM Midstream Partners, LP 4.00% 8/1/2024
|
936
|
901
|
|
|
EQM Midstream Partners, LP 6.00% 7/1/20251
|
3,525
|
3,489
|
|
|
EQM Midstream Partners, LP 7.50% 6/1/20271
|
232
|
233
|
|
|
EQM Midstream Partners, LP 6.50% 7/1/20271
|
7,550
|
7,326
|
|
|
EQM Midstream Partners, LP 4.50% 1/15/20291
|
8,195
|
6,976
|
|
|
EQM Midstream Partners, LP 7.50% 6/1/20301
|
5,167
|
5,012
|
|
|
EQM Midstream Partners, LP 4.75% 1/15/20311
|
11,461
|
9,529
|
|
|
EQT Corp. 5.70% 4/1/2028
|
822
|
822
|
|
|
EQT Corp. 5.00% 1/15/2029
|
1,080
|
1,025
|
|
|
EQT Corp. 3.625% 5/15/20311
|
3,525
|
3,059
|
|
|
Exxon Mobil Corp. 2.61% 10/15/2030
|
49,000
|
44,058
|
|
|
Genesis Energy, LP 8.00% 1/15/2027
|
15,212
|
15,057
|
|
|
Genesis Energy, LP 8.875% 4/15/2030
|
6,849
|
6,941
|
|
|
Guara Norte SARL 5.198% 6/15/2034
|
5,718
|
4,929
|
|
|
Guara Norte SARL 5.198% 6/15/20341
|
2,502
|
2,157
|
|
|
Harvest Midstream I, LP 7.50% 9/1/20281
|
10,520
|
10,505
|
|
|
Hess Midstream Operations, LP 5.50% 10/15/20301
|
5,620
|
5,234
|
|
|
Hilcorp Energy I, LP 5.75% 2/1/20291
|
5,380
|
4,959
|
|
|
Hilcorp Energy I, LP 6.00% 4/15/20301
|
7,441
|
6,871
|
|
|
Hilcorp Energy I, LP 6.00% 2/1/20311
|
5,340
|
4,937
|
|
American Funds Multi-Sector Income Fund — Page 5 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Energy (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Hilcorp Energy I, LP 6.25% 4/15/20321
|
USD
6,940
|
$6,427
|
|
|
Kinder Morgan, Inc. 4.80% 2/1/2033
|
20,000
|
19,310
|
|
|
Kinder Morgan, Inc. 5.20% 6/1/2033
|
5,564
|
5,532
|
|
|
Kinder Morgan, Inc. 5.20% 3/1/2048
|
15
|
13
|
|
|
Kinder Morgan, Inc. 3.25% 8/1/2050
|
669
|
445
|
|
|
Kinder Morgan, Inc. 5.45% 8/1/2052
|
6,191
|
5,762
|
|
|
Leviathan Bond, Ltd. 5.75% 6/30/20231
|
5,100
|
5,092
|
|
|
Leviathan Bond, Ltd. 6.75% 6/30/20301
|
5,870
|
5,503
|
|
|
Magellan Midstream Partners, LP 3.95% 3/1/2050
|
1,000
|
758
|
|
|
MPLX, LP 2.65% 8/15/2030
|
651
|
552
|
|
|
MPLX, LP 4.95% 9/1/2032
|
34,163
|
33,433
|
|
|
MPLX, LP 4.70% 4/15/2048
|
5,900
|
4,964
|
|
|
MPLX, LP 4.95% 3/14/2052
|
10,000
|
8,710
|
|
|
Murphy Oil Corp. 5.875% 12/1/2027
|
4,000
|
3,901
|
|
|
MV24 Capital BV 6.748% 6/1/2034
|
12,034
|
11,098
|
|
|
Nabors Industries, Inc. 7.375% 5/15/20271
|
1,520
|
1,490
|
|
|
New Fortress Energy, Inc. 6.75% 9/15/20251
|
7,680
|
7,400
|
|
|
New Fortress Energy, Inc. 6.50% 9/30/20261
|
18,500
|
17,037
|
|
|
NGL Energy Operating, LLC 7.50% 2/1/20261
|
35,460
|
34,247
|
|
|
Northern Oil and Gas, Inc. 8.125% 3/1/20281
|
15,385
|
15,275
|
|
|
NorthRiver Midstream Finance, LP 5.625% 2/15/20261
|
1,250
|
1,175
|
|
|
NuStar Logistics, LP 5.75% 10/1/2025
|
700
|
682
|
|
|
NuStar Logistics, LP 6.00% 6/1/2026
|
1,625
|
1,595
|
|
|
NuStar Logistics, LP 5.625% 4/28/2027
|
3,600
|
3,413
|
|
|
Occidental Petroleum Corp. 2.90% 8/15/2024
|
210
|
204
|
|
|
Occidental Petroleum Corp. 5.875% 9/1/2025
|
3,920
|
3,954
|
|
|
Occidental Petroleum Corp. 8.875% 7/15/2030
|
5,630
|
6,554
|
|
|
Occidental Petroleum Corp. 6.625% 9/1/2030
|
9,153
|
9,648
|
|
|
Occidental Petroleum Corp. 6.125% 1/1/2031
|
5,540
|
5,753
|
|
|
Occidental Petroleum Corp. 6.45% 9/15/2036
|
3,650
|
3,842
|
|
|
Occidental Petroleum Corp. 6.20% 3/15/2040
|
605
|
609
|
|
|
Occidental Petroleum Corp. 6.60% 3/15/2046
|
1,255
|
1,321
|
|
|
Occidental Petroleum Corp. 4.40% 8/15/2049
|
1,972
|
1,543
|
|
|
Odebrecht Drilling Norbe 7.72% PIK 12/1/20266
|
49,380
|
11,357
|
|
|
Oleoducto Central SA 4.00% 7/14/20271
|
5,210
|
4,460
|
|
|
Oleoducto Central SA 4.00% 7/14/2027
|
1,250
|
1,070
|
|
|
ONEOK, Inc. 5.85% 1/15/2026
|
27
|
27
|
|
|
ONEOK, Inc. 5.20% 7/15/2048
|
582
|
504
|
|
|
ONEOK, Inc. 4.45% 9/1/2049
|
1,600
|
1,245
|
|
|
ONEOK, Inc. 4.50% 3/15/2050
|
2,000
|
1,553
|
|
|
Petrobras Global Finance Co. 8.75% 5/23/2026
|
2,500
|
2,694
|
|
|
Petrobras Global Finance Co. 7.375% 1/17/2027
|
1,600
|
1,650
|
|
|
Petróleos Mexicanos 6.875% 10/16/2025
|
6,250
|
6,188
|
|
|
Petróleos Mexicanos 6.875% 8/4/2026
|
120
|
114
|
|
|
Petróleos Mexicanos 6.49% 1/23/2027
|
6,932
|
6,291
|
|
|
Petróleos Mexicanos 8.75% 6/2/2029
|
5,791
|
5,391
|
|
|
Petróleos Mexicanos 6.70% 2/16/2032
|
8,518
|
6,787
|
|
|
Petróleos Mexicanos 6.95% 1/28/2060
|
5,000
|
3,236
|
|
|
Petrorio Luxembourg SARL 6.125% 6/9/20261
|
6,090
|
5,725
|
|
|
Plains All American Pipeline, LP 3.80% 9/15/2030
|
116
|
103
|
|
|
PTT Exploration and Production PCL 2.993% 1/15/2030
|
1,474
|
1,304
|
|
|
Qatar Energy 2.25% 7/12/20311
|
2,235
|
1,902
|
|
|
Qatar Energy 3.125% 7/12/20411
|
11,490
|
8,998
|
|
|
Qatar Energy 3.30% 7/12/20511
|
12,795
|
9,566
|
|
American Funds Multi-Sector Income Fund — Page 6 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Energy (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Range Resources Corp. 4.875% 5/15/2025
|
USD
5,110
|
$5,015
|
|
|
Range Resources Corp. 8.25% 1/15/2029
|
5,290
|
5,581
|
|
|
Range Resources Corp. 4.75% 2/15/20301
|
7,550
|
6,892
|
|
|
Sanchez Energy Corp. 7.25% 2/15/20231,5
|
27
|
—
7
|
|
|
Shell International Finance BV 2.75% 4/6/2030
|
6,441
|
5,878
|
|
|
Shell International Finance BV 3.25% 4/6/2050
|
24
|
18
|
|
|
Shell International Finance BV 3.00% 11/26/2051
|
15,178
|
10,957
|
|
|
SM Energy Co. 6.50% 7/15/2028
|
590
|
564
|
|
|
Southwestern Energy Co. 5.70% 1/23/20252
|
2,825
|
2,829
|
|
|
Southwestern Energy Co. 8.375% 9/15/2028
|
9,335
|
9,823
|
|
|
Southwestern Energy Co. 5.375% 2/1/2029
|
7,215
|
6,808
|
|
|
Southwestern Energy Co. 5.375% 3/15/2030
|
8,305
|
7,818
|
|
|
Southwestern Energy Co. 4.75% 2/1/2032
|
2,230
|
1,972
|
|
|
Suburban Propane Partners, LP / Suburban Energy Finance Corp. 5.00% 6/1/20311
|
4,980
|
4,357
|
|
|
Sunoco, LP 6.00% 4/15/2027
|
5,165
|
5,106
|
|
|
Sunoco, LP 4.50% 5/15/2029
|
12,015
|
11,044
|
|
|
Superior Plus, LP and Superior General Partner, Inc. 4.50% 3/15/20291
|
2,210
|
1,976
|
|
|
Targa Resources Partners, LP 6.50% 7/15/2027
|
415
|
424
|
|
|
Targa Resources Partners, LP 6.875% 1/15/2029
|
15
|
15
|
|
|
Total Capital International 3.127% 5/29/2050
|
12,551
|
9,320
|
|
|
Transocean Poseidon, Ltd. 6.875% 2/1/20271
|
4,450
|
4,366
|
|
|
Transocean Titan Financing, Ltd. 8.375% 2/1/20281
|
10,236
|
10,543
|
|
|
Transocean, Inc. 8.00% 2/1/20271
|
3,285
|
2,957
|
|
|
Transocean, Inc. 8.75% 2/15/20301
|
13,290
|
13,568
|
|
|
Transocean, Inc. 6.80% 3/15/2038
|
940
|
652
|
|
|
Venture Global Calcasieu Pass, LLC 6.25% 1/15/20301
|
5,824
|
5,873
|
|
|
Venture Global Calcasieu Pass, LLC 4.125% 8/15/20311
|
13,480
|
11,857
|
|
|
Western Gas Partners, LP 4.50% 3/1/2028
|
7,115
|
6,738
|
|
|
Western Midstream Operating, LP 3.35% 2/1/20252
|
2,165
|
2,070
|
|
|
Western Midstream Operating, LP 4.75% 8/15/2028
|
3,005
|
2,863
|
|
|
Western Midstream Operating, LP 4.30% 2/1/20302
|
22
|
20
|
|
|
Western Midstream Operating, LP 6.15% 4/1/2033
|
6,515
|
6,612
|
|
|
Western Midstream Operating, LP 5.50% 2/1/20502
|
200
|
170
|
|
|
Williams Companies, Inc. 2.60% 3/15/2031
|
9,000
|
7,575
|
|
|
Williams Companies, Inc. 4.65% 8/15/2032
|
7,500
|
7,234
|
|
|
|
|
|
987,678
|
|
Consumer discretionary 7.30%
|
|
|
|
|
Affinity Interactive 6.875% 12/15/20271
|
1,600
|
1,429
|
|
|
Alibaba Group Holding, Ltd. 2.125% 2/9/2031
|
17,700
|
14,657
|
|
|
Allied Universal Holdco, LLC 6.625% 7/15/20261
|
3,540
|
3,405
|
|
|
Allied Universal Holdco, LLC 9.75% 7/15/20271
|
8,140
|
7,263
|
|
|
Allied Universal Holdco, LLC 4.625% 6/1/20281
|
12,760
|
10,810
|
|
|
Allied Universal Holdco, LLC 6.00% 6/1/20291
|
8,665
|
6,478
|
|
|
Amazon.com, Inc. 1.65% 5/12/2028
|
7,330
|
6,502
|
|
|
Amazon.com, Inc. 4.70% 12/1/2032
|
5,590
|
5,734
|
|
|
Arcos Dorados BV 6.125% 5/27/20291
|
2,000
|
1,913
|
|
|
Arcos Dorados BV 6.125% 5/27/2029
|
460
|
440
|
|
|
Arcos Dorados Holdings, Inc. 5.875% 4/4/2027
|
4,440
|
4,318
|
|
|
Asbury Automotive Group, Inc. 4.625% 11/15/20291
|
11,335
|
10,160
|
|
|
Asbury Automotive Group, Inc. 5.00% 2/15/20321
|
2,325
|
2,040
|
|
|
Atlas LuxCo 4 SARL 4.625% 6/1/20281
|
4,810
|
4,043
|
|
|
AutoNation, Inc. 3.85% 3/1/2032
|
8,000
|
6,821
|
|
|
Bath & Body Works, Inc. 6.625% 10/1/20301
|
5,470
|
5,338
|
|
American Funds Multi-Sector Income Fund — Page 7 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Consumer discretionary (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Bath & Body Works, Inc. 6.875% 11/1/2035
|
USD
8,667
|
$7,821
|
|
|
Bath & Body Works, Inc. 6.75% 7/1/2036
|
2,370
|
2,121
|
|
|
Bayerische Motoren Werke AG 3.45% 4/1/20271
|
350
|
337
|
|
|
Bayerische Motoren Werke AG 3.70% 4/1/20321
|
1,100
|
1,022
|
|
|
Boyd Gaming Corp. 4.75% 12/1/2027
|
11,120
|
10,675
|
|
|
Boyd Gaming Corp. 4.75% 6/15/20311
|
3,500
|
3,182
|
|
|
Boyne USA, Inc. 4.75% 5/15/20291
|
16,545
|
14,790
|
|
|
Caesars Entertainment, Inc. 6.25% 7/1/20251
|
655
|
656
|
|
|
Caesars Entertainment, Inc. 4.625% 10/15/20291
|
12,198
|
10,680
|
|
|
Caesars Entertainment, Inc. 7.00% 2/15/20301
|
20,610
|
20,990
|
|
|
Caesars Resort Collection, LLC 5.75% 7/1/20251
|
11,275
|
11,288
|
|
|
Carnival Corp. 4.00% 8/1/20281
|
3,500
|
3,017
|
|
|
CDI Escrow Issuer, Inc. 5.75% 4/1/20301
|
13,925
|
13,462
|
|
|
Cedar Fair, LP 5.50% 5/1/20251
|
11,900
|
11,904
|
|
|
Clarios Global, LP 6.75% 5/15/20251
|
180
|
182
|
|
|
Daimler Trucks Finance North America, LLC 5.125% 1/19/20281
|
14,000
|
14,067
|
|
|
Daimler Trucks Finance North America, LLC 2.375% 12/14/20281
|
2,374
|
2,049
|
|
|
Daimler Trucks Finance North America, LLC 2.50% 12/14/20311
|
1,400
|
1,157
|
|
|
Empire Resorts, Inc. 7.75% 11/1/20261
|
10,370
|
8,592
|
|
|
Fertitta Entertainment, Inc. 4.625% 1/15/20291
|
8,000
|
7,031
|
|
|
Fertitta Entertainment, Inc. 6.75% 1/15/20301
|
10,000
|
8,236
|
|
|
First Student Bidco, Inc. 4.00% 7/31/20291
|
12,680
|
11,045
|
|
|
Ford Motor Co. 6.10% 8/19/2032
|
22,570
|
21,903
|
|
|
Ford Motor Credit Company, LLC 3.664% 9/8/2024
|
2,500
|
2,402
|
|
|
Ford Motor Credit Company, LLC 5.125% 6/16/2025
|
5,305
|
5,200
|
|
|
Ford Motor Credit Company, LLC 4.542% 8/1/2026
|
455
|
432
|
|
|
Ford Motor Credit Company, LLC 2.70% 8/10/2026
|
4,200
|
3,743
|
|
|
Ford Motor Credit Company, LLC 4.95% 5/28/2027
|
8,075
|
7,714
|
|
|
Ford Motor Credit Company, LLC 4.125% 8/17/2027
|
3,680
|
3,377
|
|
|
Ford Motor Credit Company, LLC 3.815% 11/2/2027
|
5,000
|
4,488
|
|
|
Ford Motor Credit Company, LLC 5.113% 5/3/2029
|
1,370
|
1,288
|
|
|
Ford Motor Credit Company, LLC 4.00% 11/13/2030
|
1,720
|
1,464
|
|
|
Grand Canyon University 4.375% 10/1/2026
|
6,750
|
6,195
|
|
|
Hanesbrands, Inc. 4.875% 5/15/20261
|
7,019
|
6,659
|
|
|
Hanesbrands, Inc. 9.00% 2/15/20311
|
7,152
|
7,329
|
|
|
Hanesbrands, Inc., Term Loan B,
(1-month USD CME Term SOFR + 3.75%) 8.557% 3/8/20303,4
|
7,169
|
7,151
|
|
|
Hilton Worldwide Holdings, Inc. 4.875% 1/15/2030
|
3,460
|
3,317
|
|
|
Hilton Worldwide Holdings, Inc. 4.00% 5/1/20311
|
11,905
|
10,436
|
|
|
Home Depot, Inc. 2.70% 4/15/2030
|
50
|
45
|
|
|
Home Depot, Inc. 3.125% 12/15/2049
|
135
|
100
|
|
|
Home Depot, Inc. 2.375% 3/15/2051
|
10,559
|
6,655
|
|
|
Hyundai Capital America 1.50% 6/15/20261
|
2,643
|
2,351
|
|
|
Hyundai Capital America 2.00% 6/15/20281
|
3,827
|
3,240
|
|
|
International Game Technology PLC 5.25% 1/15/20291
|
15,775
|
15,120
|
|
|
LCM Investments Holdings II, LLC 4.875% 5/1/20291
|
8,508
|
7,128
|
|
|
Levi Strauss & Co. 3.50% 3/1/20311
|
9,775
|
8,344
|
|
|
Lithia Motors, Inc. 3.875% 6/1/20291
|
5,345
|
4,630
|
|
|
Lithia Motors, Inc. 4.375% 1/15/20311
|
250
|
216
|
|
|
Marriott International, Inc. 4.90% 4/15/2029
|
694
|
688
|
|
|
Marriott International, Inc. 2.85% 4/15/2031
|
315
|
269
|
|
|
Marriott International, Inc. 3.50% 10/15/2032
|
7,970
|
6,993
|
|
|
Marriott International, Inc. 2.75% 10/15/2033
|
478
|
387
|
|
|
Marriott Ownership Resorts, Inc. 4.50% 6/15/20291
|
7,540
|
6,427
|
|
American Funds Multi-Sector Income Fund — Page 8 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Consumer discretionary (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
McDonald’s Corp. 3.60% 7/1/2030
|
USD
1,084
|
$1,029
|
|
|
McDonald’s Corp. 4.60% 9/9/2032
|
20,700
|
20,962
|
|
|
McDonald’s Corp. 5.15% 9/9/2052
|
13,425
|
13,672
|
|
|
Meituan Dianping 3.05% 10/28/2030
|
11,200
|
8,987
|
|
|
Meituan Dianping 3.05% 10/28/20301
|
1,400
|
1,123
|
|
|
MercadoLibre, Inc. 2.375% 1/14/2026
|
300
|
269
|
|
|
MercadoLibre, Inc. 3.125% 1/14/2031
|
8,276
|
6,528
|
|
|
Merlin Entertainment 5.75% 6/15/20261
|
200
|
190
|
|
|
MGM Resorts International 5.75% 6/15/2025
|
4,050
|
4,044
|
|
|
MGM Resorts International 5.50% 4/15/2027
|
53
|
51
|
|
|
Mohegan Gaming & Entertainment 8.00% 2/1/20261
|
755
|
692
|
|
|
NCL Corp., Ltd. 5.875% 3/15/20261
|
1,250
|
1,065
|
|
|
NCL Corp., Ltd. 5.875% 2/15/20271
|
2,280
|
2,129
|
|
|
NCL Corp., Ltd. 7.75% 2/15/20291
|
2,925
|
2,511
|
|
|
NCL Finance, Ltd. 6.125% 3/15/20281
|
2,500
|
2,028
|
|
|
Neiman Marcus Group, LLC 7.125% 4/1/20261
|
8,120
|
7,631
|
|
|
Panther BF Aggregator 2, LP 6.25% 5/15/20261
|
140
|
140
|
|
|
Panther BF Aggregator 2, LP 8.50% 5/15/20271
|
3,430
|
3,449
|
|
|
Party City Holdings, Inc. 6.125% 8/15/20231,5
|
50
|
—
7
|
|
|
Party City Holdings, Inc. 8.75% 2/15/20261,5
|
24,400
|
3,690
|
|
|
Party City Holdings, Inc., Term Loan DIP, 14.55% 6/18/20233,4
|
4,232
|
4,381
|
|
|
PECF USS Intermediate Holding III Corp. 8.00% 11/15/20291
|
3,130
|
2,082
|
|
|
Premier Entertainment Sub, LLC 5.625% 9/1/20291
|
1,855
|
1,372
|
|
|
Royal Caribbean Cruises, Ltd. 4.25% 7/1/20261
|
12,260
|
11,017
|
|
|
Royal Caribbean Cruises, Ltd. 3.70% 3/15/2028
|
4,780
|
3,915
|
|
|
Royal Caribbean Cruises, Ltd. 5.50% 4/1/20281
|
14,800
|
13,083
|
|
|
Royal Caribbean Cruises, Ltd. 8.25% 1/15/20291
|
20,090
|
21,011
|
|
|
Royal Caribbean Cruises, Ltd. 7.25% 1/15/20301
|
3,784
|
3,811
|
|
|
Sally Holdings, LLC 5.625% 12/1/2025
|
1,600
|
1,577
|
|
|
Sands China, Ltd. 4.875% 6/18/2030
|
6,700
|
5,942
|
|
|
Sands China, Ltd. 3.75% 8/8/20312
|
10,000
|
8,041
|
|
|
Scientific Games Corp. 8.625% 7/1/20251
|
1,915
|
1,962
|
|
|
Scientific Games Corp. 7.00% 5/15/20281
|
5,555
|
5,505
|
|
|
Scientific Games Corp. 7.25% 11/15/20291
|
6,815
|
6,834
|
|
|
Scientific Games Holdings, LP 6.625% 3/1/20301
|
12,685
|
11,222
|
|
|
Sonic Automotive, Inc. 4.625% 11/15/20291
|
13,520
|
11,342
|
|
|
Sonic Automotive, Inc. 4.875% 11/15/20311
|
7,935
|
6,406
|
|
|
Stellantis Finance US, Inc. 6.375% 9/12/20321
|
8,451
|
8,870
|
|
|
Toyota Motor Credit Corp. 1.90% 1/13/2027
|
9,470
|
8,634
|
|
|
Universal Entertainment Corp. 8.50% 12/11/20241
|
8,580
|
8,084
|
|
|
Vail Resorts, Inc. 6.25% 5/15/20251
|
9,932
|
9,964
|
|
|
Volkswagen Group of America Finance, LLC 3.125% 5/12/20231
|
248
|
247
|
|
|
WASH Multifamily Acquisition, Inc. 5.75% 4/15/20261
|
19,855
|
18,810
|
|
|
Wheel Pros, Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 9.316% 5/11/20283,4
|
9,949
|
7,147
|
|
|
Wyndham Worldwide Corp. 4.375% 8/15/20281
|
13,385
|
12,343
|
|
|
Wynn Resorts Finance, LLC 5.125% 10/1/20291
|
7,275
|
6,617
|
|
|
Wynn Resorts Finance, LLC 7.125% 2/15/20311
|
18,104
|
18,380
|
|
|
|
|
|
710,135
|
|
Communication services 7.07%
|
|
|
|
|
Altice France Holding SA 10.50% 5/15/20271
|
1,520
|
1,164
|
|
|
Altice France Holding SA 5.125% 7/15/20291
|
5,813
|
4,380
|
|
|
América Móvil, SAB de CV, 4.70% 7/21/2032
|
10,000
|
9,856
|
|
|
AT&T, Inc. 1.65% 2/1/2028
|
3,900
|
3,428
|
|
American Funds Multi-Sector Income Fund — Page 9 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Communication services (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
AT&T, Inc. 4.30% 2/15/2030
|
USD
14,000
|
$13,609
|
|
|
AT&T, Inc. 2.75% 6/1/2031
|
45
|
39
|
|
|
AT&T, Inc. 2.25% 2/1/2032
|
500
|
409
|
|
|
AT&T, Inc. 2.55% 12/1/2033
|
386
|
311
|
|
|
AT&T, Inc. 3.50% 9/15/2053
|
3
|
2
|
|
|
AT&T, Inc. 3.55% 9/15/2055
|
30,871
|
22,199
|
|
|
Axiata SPV5 Labuan, Ltd. 3.064% 8/19/2050
|
2,700
|
1,931
|
|
|
CCO Holdings, LLC 5.00% 2/1/20281
|
2,190
|
2,023
|
|
|
CCO Holdings, LLC 6.375% 9/1/20291
|
13,275
|
12,690
|
|
|
CCO Holdings, LLC 4.75% 3/1/20301
|
11,200
|
9,716
|
|
|
CCO Holdings, LLC 4.50% 8/15/20301
|
9,135
|
7,729
|
|
|
CCO Holdings, LLC 4.25% 2/1/20311
|
4,600
|
3,767
|
|
|
CCO Holdings, LLC 4.75% 2/1/20321
|
8,000
|
6,729
|
|
|
CCO Holdings, LLC 4.50% 5/1/2032
|
2,445
|
2,002
|
|
|
CCO Holdings, LLC 4.50% 6/1/20331
|
22,030
|
17,762
|
|
|
CCO Holdings, LLC 4.25% 1/15/20341
|
6,500
|
5,091
|
|
|
Centerfield Media Parent, Inc. 6.625% 8/1/20261
|
833
|
542
|
|
|
Charter Communications Operating, LLC 2.30% 2/1/2032
|
6,600
|
5,033
|
|
|
Charter Communications Operating, LLC 5.125% 7/1/2049
|
13
|
10
|
|
|
Charter Communications Operating, LLC 4.80% 3/1/2050
|
280
|
214
|
|
|
Charter Communications Operating, LLC 3.70% 4/1/2051
|
49,320
|
31,625
|
|
|
Charter Communications Operating, LLC 3.90% 6/1/2052
|
710
|
470
|
|
|
Cogent Communications Group, Inc. 3.50% 5/1/20261
|
7,079
|
6,608
|
|
|
Comcast Corp. 2.65% 2/1/2030
|
200
|
178
|
|
|
Comcast Corp. 1.50% 2/15/2031
|
21,000
|
16,873
|
|
|
Comcast Corp. 4.65% 2/15/2033
|
1,997
|
2,008
|
|
|
Comcast Corp. 3.75% 4/1/2040
|
15
|
13
|
|
|
Comcast Corp. 4.00% 3/1/2048
|
35
|
30
|
|
|
Comcast Corp. 2.887% 11/1/2051
|
1,555
|
1,063
|
|
|
Connect Finco SARL 6.75% 10/1/20261
|
230
|
216
|
|
|
Consolidated Communications, Inc. 5.00% 10/1/20281
|
1,400
|
952
|
|
|
CSC Holdings, LLC 4.625% 12/1/20301
|
400
|
198
|
|
|
Diamond Sports Group, LLC 6.625% 8/15/20271,5
|
3,175
|
44
|
|
|
DIRECTV Financing, LLC 5.875% 8/15/20271
|
7,770
|
7,045
|
|
|
DIRECTV Financing, LLC, Term Loan, (3-month USD-LIBOR + 5.00%) 9.84% 8/2/20273,4
|
4,127
|
3,982
|
|
|
DISH Network Corp. 11.75% 11/15/20271
|
20,200
|
19,615
|
|
|
Embarq Corp. 7.995% 6/1/2036
|
475
|
200
|
|
|
Frontier Communications Corp. 5.875% 10/15/20271
|
4,535
|
4,127
|
|
|
Frontier Communications Corp. 5.00% 5/1/20281
|
6,465
|
5,617
|
|
|
Frontier Communications Corp. 6.75% 5/1/20291
|
5,000
|
3,967
|
|
|
Frontier Communications Holdings, LLC 5.875% 11/1/2029
|
9
|
7
|
|
|
Frontier Communications Holdings, LLC 8.75% 5/15/20301
|
5,105
|
5,090
|
|
|
Gray Escrow II, Inc. 5.375% 11/15/20311
|
20,795
|
13,831
|
|
|
Gray Television, Inc. 7.00% 5/15/20271
|
6,520
|
5,465
|
|
|
Gray Television, Inc. 4.75% 10/15/20301
|
7,680
|
5,107
|
|
|
Kantar Group, LLC, Term Loan B2, (3-month USD-LIBOR + 4.50%) 9.659% 12/4/20263,4
|
1,719
|
1,611
|
|
|
Lamar Media Corp. 4.875% 1/15/2029
|
4,530
|
4,267
|
|
|
Lamar Media Corp. 4.00% 2/15/2030
|
5,930
|
5,258
|
|
|
Lamar Media Corp. 3.625% 1/15/2031
|
7,090
|
6,104
|
|
|
Level 3 Financing, Inc. 4.25% 7/1/20281
|
1,710
|
967
|
|
|
Level 3 Financing, Inc. 3.75% 7/15/20291
|
2,670
|
1,427
|
|
|
Live Nation Entertainment, Inc. 4.75% 10/15/20271
|
4,010
|
3,714
|
|
|
Meta Platforms, Inc. 3.85% 8/15/2032
|
60,000
|
56,199
|
|
|
Meta Platforms, Inc. 4.45% 8/15/2052
|
40,000
|
35,235
|
|
American Funds Multi-Sector Income Fund — Page 10 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Communication services (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Midas OpCo Holdings, LLC 5.625% 8/15/20291
|
USD
8,145
|
$7,151
|
|
|
Netflix, Inc. 4.875% 4/15/2028
|
18,225
|
18,150
|
|
|
Netflix, Inc. 5.875% 11/15/2028
|
14,758
|
15,545
|
|
|
Netflix, Inc. 5.375% 11/15/20291
|
11,510
|
11,704
|
|
|
Netflix, Inc. 4.875% 6/15/20301
|
3,502
|
3,490
|
|
|
News Corp. 3.875% 5/15/20291
|
22,325
|
19,863
|
|
|
News Corp. 5.125% 2/15/20321
|
7,010
|
6,582
|
|
|
Nexstar Broadcasting, Inc. 4.75% 11/1/20281
|
16,730
|
14,899
|
|
|
OUTFRONT Media Capital, LLC 4.25% 1/15/20291
|
3,000
|
2,493
|
|
|
OUTFRONT Media Capital, LLC 4.625% 3/15/20301
|
1,990
|
1,662
|
|
|
PLDT, Inc. 2.50% 1/23/2031
|
5,500
|
4,437
|
|
|
SBA Tower Trust 1.631% 11/15/20261
|
4,000
|
3,508
|
|
|
Scripps Escrow II, Inc. 3.875% 1/15/20291
|
1,500
|
1,179
|
|
|
Sirius XM Radio, Inc. 5.00% 8/1/20271
|
3,175
|
2,976
|
|
|
Sirius XM Radio, Inc. 4.00% 7/15/20281
|
6,955
|
5,981
|
|
|
Sirius XM Radio, Inc. 4.125% 7/1/20301
|
2,185
|
1,789
|
|
|
Sirius XM Radio, Inc. 3.875% 9/1/20311
|
16,500
|
12,845
|
|
|
Sprint Corp. 7.625% 3/1/2026
|
837
|
886
|
|
|
Sprint Corp. 6.875% 11/15/2028
|
11,460
|
12,325
|
|
|
Sprint Corp. 8.75% 3/15/2032
|
4,330
|
5,276
|
|
|
Tencent Holdings, Ltd. 3.975% 4/11/2029
|
900
|
855
|
|
|
Tencent Holdings, Ltd. 3.68% 4/22/2041
|
1,675
|
1,282
|
|
|
Tencent Holdings, Ltd. 3.24% 6/3/20501
|
12,134
|
7,983
|
|
|
Tencent Holdings, Ltd. 3.24% 6/3/2050
|
2,507
|
1,649
|
|
|
Tencent Holdings, Ltd. 3.84% 4/22/2051
|
6,015
|
4,379
|
|
|
Tencent Holdings, Ltd. 3.84% 4/22/20511
|
2,977
|
2,168
|
|
|
T-Mobile US, Inc. 3.875% 4/15/2030
|
300
|
282
|
|
|
T-Mobile US, Inc. 2.55% 2/15/2031
|
8,548
|
7,249
|
|
|
T-Mobile US, Inc. 3.40% 10/15/2052
|
1,160
|
836
|
|
|
Univision Communications, Inc. 4.50% 5/1/20291
|
28,995
|
24,390
|
|
|
Univision Communications, Inc. 7.375% 6/30/20301
|
9,420
|
8,915
|
|
|
UPC Broadband Finco BV 4.875% 7/15/20311
|
8,130
|
7,040
|
|
|
Verizon Communications, Inc. 1.75% 1/20/2031
|
14,534
|
11,729
|
|
|
Verizon Communications, Inc. 2.55% 3/21/2031
|
14,466
|
12,330
|
|
|
Verizon Communications, Inc. 2.355% 3/15/2032
|
11,816
|
9,700
|
|
|
Verizon Communications, Inc. 2.65% 11/20/2040
|
2,157
|
1,542
|
|
|
Verizon Communications, Inc. 3.40% 3/22/2041
|
3,000
|
2,388
|
|
|
VZ Secured Financing BV 5.00% 1/15/20321
|
8,090
|
6,609
|
|
|
Warner Music Group 3.75% 12/1/20291
|
2,555
|
2,266
|
|
|
Warner Music Group 3.875% 7/15/20301
|
8,865
|
7,792
|
|
|
Warner Music Group 3.00% 2/15/20311
|
2,410
|
2,017
|
|
|
WarnerMedia Holdings, Inc. 4.279% 3/15/20321
|
9,565
|
8,547
|
|
|
WarnerMedia Holdings, Inc. 5.141% 3/15/20521
|
26,271
|
21,315
|
|
|
Ziggo Bond Co. BV 5.125% 2/28/20301
|
1,300
|
1,047
|
|
|
Ziggo Bond Finance BV 4.875% 1/15/20301
|
1,870
|
1,596
|
|
|
|
|
|
688,396
|
|
Health care 6.77%
|
|
|
|
|
AbbVie, Inc. 4.05% 11/21/2039
|
1,500
|
1,342
|
|
|
AbbVie, Inc. 4.25% 11/21/2049
|
325
|
287
|
|
|
AmerisourceBergen Corp. 2.80% 5/15/2030
|
2,607
|
2,289
|
|
|
AmerisourceBergen Corp. 2.70% 3/15/2031
|
2,423
|
2,079
|
|
|
Amgen, Inc. 3.00% 2/22/2029
|
425
|
391
|
|
|
Amgen, Inc. 4.05% 8/18/2029
|
11,250
|
10,863
|
|
American Funds Multi-Sector Income Fund — Page 11 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Health care (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Amgen, Inc. 5.25% 3/2/2030
|
USD
9,592
|
$9,814
|
|
|
Amgen, Inc. 4.20% 3/1/2033
|
14,000
|
13,428
|
|
|
Amgen, Inc. 5.25% 3/2/2033
|
18,651
|
19,172
|
|
|
Amgen, Inc. 5.60% 3/2/2043
|
3,740
|
3,856
|
|
|
Amgen, Inc. 3.375% 2/21/2050
|
6,371
|
4,795
|
|
|
Amgen, Inc. 3.00% 1/15/2052
|
100
|
69
|
|
|
Amgen, Inc. 4.875% 3/1/2053
|
5,675
|
5,317
|
|
|
Amgen, Inc. 5.65% 3/2/2053
|
12,803
|
13,337
|
|
|
Amgen, Inc. 5.75% 3/2/2063
|
21,310
|
22,137
|
|
|
AstraZeneca Finance, LLC 1.75% 5/28/2028
|
5,266
|
4,675
|
|
|
AstraZeneca Finance, LLC 4.90% 3/3/2030
|
4,850
|
4,963
|
|
|
AstraZeneca Finance, LLC 2.25% 5/28/2031
|
65
|
56
|
|
|
AstraZeneca PLC 1.375% 8/6/2030
|
56
|
46
|
|
|
Avantor Funding, Inc. 4.625% 7/15/20281
|
5,615
|
5,325
|
|
|
Avantor Funding, Inc. 3.875% 11/1/20291
|
18,375
|
16,463
|
|
|
Bausch Health Americas, Inc. 9.25% 4/1/20261
|
1,670
|
1,241
|
|
|
Bausch Health Americas, Inc. 8.50% 1/31/20271
|
765
|
350
|
|
|
Bausch Health Companies, Inc. 9.00% 12/15/20251
|
2,430
|
1,937
|
|
|
Bausch Health Companies, Inc. 5.75% 8/15/20271
|
200
|
125
|
|
|
Bausch Health Companies, Inc. 7.00% 1/15/20281
|
2,375
|
959
|
|
|
Bausch Health Companies, Inc. 5.00% 2/15/20291
|
14,000
|
5,499
|
|
|
Bausch Health Companies, Inc. 5.25% 1/30/20301
|
1,220
|
457
|
|
|
Bausch Health Companies, Inc. 5.25% 2/15/20311
|
20,949
|
8,118
|
|
|
Baxter International, Inc. 1.915% 2/1/2027
|
2,150
|
1,925
|
|
|
Baxter International, Inc. 2.272% 12/1/2028
|
11,125
|
9,675
|
|
|
Baxter International, Inc. 2.539% 2/1/2032
|
27,032
|
22,029
|
|
|
Baxter International, Inc. 3.132% 12/1/2051
|
8,358
|
5,432
|
|
|
Boston Scientific Corp. 2.65% 6/1/2030
|
4,484
|
3,964
|
|
|
Catalent Pharma Solutions, Inc. 5.00% 7/15/20271
|
4,785
|
4,677
|
|
|
Catalent Pharma Solutions, Inc. 3.125% 2/15/20291
|
7,935
|
6,983
|
|
|
Catalent Pharma Solutions, Inc. 3.50% 4/1/20301
|
2,265
|
1,993
|
|
|
Centene Corp. 2.45% 7/15/2028
|
24,620
|
21,442
|
|
|
Centene Corp. 4.625% 12/15/2029
|
30,621
|
28,819
|
|
|
Centene Corp. 3.375% 2/15/2030
|
644
|
562
|
|
|
Centene Corp. 3.00% 10/15/2030
|
610
|
514
|
|
|
Centene Corp. 2.50% 3/1/2031
|
3,280
|
2,659
|
|
|
Centene Corp. 2.625% 8/1/2031
|
4,440
|
3,602
|
|
|
Charles River Laboratories International, Inc. 4.25% 5/1/20281
|
3,618
|
3,390
|
|
|
Charles River Laboratories International, Inc. 3.75% 3/15/20291
|
5,730
|
5,092
|
|
|
Charles River Laboratories International, Inc. 4.00% 3/15/20311
|
2,340
|
2,050
|
|
|
Cigna Corp. 2.375% 3/15/2031
|
46
|
39
|
|
|
Community Health Systems, Inc. 5.625% 3/15/20271
|
180
|
158
|
|
|
Community Health Systems, Inc. 6.00% 1/15/20291
|
165
|
140
|
|
|
Community Health Systems, Inc. 6.875% 4/15/20291
|
1,200
|
744
|
|
|
CVS Health Corp. 1.75% 8/21/2030
|
3,625
|
2,949
|
|
|
CVS Health Corp. 5.25% 2/21/2033
|
13,264
|
13,543
|
|
|
CVS Health Corp. 5.625% 2/21/2053
|
2,470
|
2,505
|
|
|
DaVita, Inc. 4.625% 6/1/20301
|
2,840
|
2,427
|
|
|
Elevance Health, Inc. 4.75% 2/15/2033
|
705
|
709
|
|
|
Elevance Health, Inc. 5.125% 2/15/2053
|
847
|
845
|
|
|
Eli Lilly and Company 4.70% 2/27/2033
|
3,182
|
3,264
|
|
|
Eli Lilly and Company 4.875% 2/27/2053
|
2,295
|
2,376
|
|
|
Eli Lilly and Company 4.95% 2/27/2063
|
4,271
|
4,400
|
|
|
Encompass Health Corp. 4.50% 2/1/2028
|
3,442
|
3,212
|
|
American Funds Multi-Sector Income Fund — Page 12 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Health care (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Encompass Health Corp. 4.75% 2/1/2030
|
USD
3,490
|
$3,177
|
|
|
Endo DAC 6.00% 6/30/20281,5
|
1,100
|
85
|
|
|
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 4/1/20291
|
3,610
|
2,674
|
|
|
GE Healthcare Holding, LLC 5.857% 3/15/20301
|
2,710
|
2,837
|
|
|
GE Healthcare Holding, LLC 5.905% 11/22/20321
|
15,140
|
16,135
|
|
|
GE Healthcare Holding, LLC 6.377% 11/22/20521
|
3,075
|
3,442
|
|
|
Gilead Sciences, Inc. 2.80% 10/1/2050
|
225
|
156
|
|
|
Grifols Escrow Issuer SA 4.75% 10/15/20281
|
1,510
|
1,240
|
|
|
HCA, Inc. 5.375% 9/1/2026
|
425
|
427
|
|
|
HCA, Inc. 5.625% 9/1/2028
|
4,360
|
4,414
|
|
|
HCA, Inc. 5.875% 2/1/2029
|
2,870
|
2,934
|
|
|
HCA, Inc. 2.375% 7/15/2031
|
10,953
|
8,848
|
|
|
HCA, Inc. 4.625% 3/15/20521
|
2,771
|
2,305
|
|
|
HealthEquity, Inc. 4.50% 10/1/20291
|
10,340
|
9,200
|
|
|
Humana, Inc. 3.70% 3/23/2029
|
225
|
212
|
|
|
IMS Health Holdings, Inc. 5.00% 10/15/20261
|
10,395
|
10,172
|
|
|
Johnson & Johnson 2.10% 9/1/2040
|
108
|
78
|
|
|
Kaiser Foundation Hospitals 2.81% 6/1/2041
|
355
|
260
|
|
|
Medline Borrower, LP, Term Loan, (3-month USD-LIBOR + 3.25%) 8.09% 10/23/20283,4
|
2,683
|
2,619
|
|
|
Molina Healthcare, Inc. 4.375% 6/15/20281
|
5,681
|
5,290
|
|
|
Molina Healthcare, Inc. 3.875% 11/15/20301
|
3,805
|
3,323
|
|
|
Molina Healthcare, Inc. 3.875% 5/15/20321
|
21,930
|
18,450
|
|
|
Mozart Debt Merger Sub, Inc. 3.875% 4/1/20291
|
2,000
|
1,737
|
|
|
Mozart Debt Merger Sub, Inc. 5.25% 10/1/20291
|
13,995
|
12,156
|
|
|
Novartis Capital Corp. 1.75% 2/14/2025
|
32
|
31
|
|
|
Novartis Capital Corp. 2.00% 2/14/2027
|
329
|
304
|
|
|
Option Care Health, Inc. 4.375% 10/31/20291
|
3,560
|
3,148
|
|
|
Owens & Minor, Inc. 6.625% 4/1/20301
|
14,480
|
12,448
|
|
|
Par Pharmaceutical, Inc. 7.50% 4/1/20271
|
450
|
335
|
|
|
Partners HealthCare System, Inc. 3.192% 7/1/2049
|
42
|
31
|
|
|
Pfizer, Inc. 3.45% 3/15/2029
|
383
|
370
|
|
|
Radiology Partners, Inc. 9.25% 2/1/20281
|
12,830
|
7,106
|
|
|
Rede D’Or Finance SARL 4.95% 1/17/2028
|
590
|
533
|
|
|
Rede D’Or Finance SARL 4.50% 1/22/2030
|
1,290
|
1,061
|
|
|
Roche Holdings, Inc. 1.93% 12/13/20281
|
4,670
|
4,116
|
|
|
Roche Holdings, Inc. 2.076% 12/13/20311
|
4,653
|
3,931
|
|
|
Roche Holdings, Inc. 2.607% 12/13/20511
|
590
|
413
|
|
|
RP Escrow Issuer, LLC 5.25% 12/15/20251
|
5,735
|
4,351
|
|
|
Select Medical Holdings Corp. 6.25% 8/15/20261
|
6,196
|
6,016
|
|
|
Summa Health 3.511% 11/15/2051
|
1,325
|
967
|
|
|
Surgery Center Holdings 10.00% 4/15/20271
|
3,802
|
3,880
|
|
|
Tenet Healthcare Corp. 4.625% 7/15/2024
|
771
|
761
|
|
|
Tenet Healthcare Corp. 4.625% 9/1/2024
|
5,000
|
4,917
|
|
|
Tenet Healthcare Corp. 4.875% 1/1/2026
|
2,135
|
2,095
|
|
|
Tenet Healthcare Corp. 5.125% 11/1/2027
|
3,270
|
3,142
|
|
|
Tenet Healthcare Corp. 6.125% 10/1/2028
|
2,928
|
2,809
|
|
|
Tenet Healthcare Corp. 4.375% 1/15/2030
|
6,000
|
5,390
|
|
|
Teva Pharmaceutical Finance Co. BV 6.00% 4/15/2024
|
478
|
479
|
|
|
Teva Pharmaceutical Finance Co. BV 3.15% 10/1/2026
|
24,675
|
22,355
|
|
|
Teva Pharmaceutical Finance Co. BV 4.75% 5/9/2027
|
21,075
|
19,698
|
|
|
Teva Pharmaceutical Finance Co. BV 6.75% 3/1/2028
|
24,260
|
24,292
|
|
|
Teva Pharmaceutical Finance Co. BV 5.125% 5/9/2029
|
22,085
|
20,027
|
|
|
Teva Pharmaceutical Finance Co. BV 7.875% 9/15/2029
|
8,340
|
8,736
|
|
|
Teva Pharmaceutical Finance Co. BV 8.125% 9/15/2031
|
4,281
|
4,499
|
|
American Funds Multi-Sector Income Fund — Page 13 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Health care (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Teva Pharmaceutical Finance Co. BV 4.10% 10/1/2046
|
USD
7,000
|
$4,671
|
|
|
Thermo Fisher Scientific, Inc. 4.95% 11/21/2032
|
1,397
|
1,451
|
|
|
UnitedHealth Group, Inc. 5.30% 2/15/2030
|
8,500
|
8,964
|
|
|
UnitedHealth Group, Inc. 5.35% 2/15/2033
|
8,500
|
9,042
|
|
|
UnitedHealth Group, Inc. 2.90% 5/15/2050
|
10,868
|
7,711
|
|
|
UnitedHealth Group, Inc. 3.25% 5/15/2051
|
221
|
166
|
|
|
UnitedHealth Group, Inc. 4.75% 5/15/2052
|
1,210
|
1,179
|
|
|
UnitedHealth Group, Inc. 5.875% 2/15/2053
|
4,300
|
4,841
|
|
|
UnitedHealth Group, Inc. 4.95% 5/15/2062
|
159
|
155
|
|
|
UnitedHealth Group, Inc. 6.05% 2/15/2063
|
124
|
141
|
|
|
Valeant Pharmaceuticals International, Inc. 5.50% 11/1/20251
|
14,460
|
11,905
|
|
|
Zoetis, Inc. 5.60% 11/16/2032
|
6,400
|
6,830
|
|
|
|
|
|
658,977
|
|
Industrials 6.27%
|
|
|
|
|
Ashtead Capital, Inc. 5.50% 8/11/20321
|
16,921
|
16,655
|
|
|
Atkore, Inc. 4.25% 6/1/20311
|
5,750
|
5,039
|
|
|
Atlantic Aviation FBO, Inc., Term Loan, (3-month USD-LIBOR + 2.75%) 7.59% 9/22/20283,4
|
3,950
|
3,916
|
|
|
BOC Aviation, Ltd. 3.00% 9/11/2029
|
2,579
|
2,305
|
|
|
BOC Aviation, Ltd. 2.625% 9/17/2030
|
1,121
|
956
|
|
|
Boeing Company 2.75% 2/1/2026
|
500
|
475
|
|
|
Boeing Company 2.196% 2/4/2026
|
25
|
23
|
|
|
Boeing Company 3.25% 2/1/2028
|
1,078
|
1,005
|
|
|
Boeing Company 5.15% 5/1/2030
|
13,333
|
13,423
|
|
|
Boeing Company 3.625% 2/1/2031
|
4,738
|
4,345
|
|
|
Boeing Company 3.50% 3/1/2039
|
7,463
|
5,874
|
|
|
Boeing Company 5.705% 5/1/2040
|
14,095
|
14,273
|
|
|
Boeing Company 3.75% 2/1/2050
|
83
|
63
|
|
|
Boeing Company 5.805% 5/1/2050
|
7,924
|
7,988
|
|
|
Bombardier, Inc. 7.125% 6/15/20261
|
13,665
|
13,726
|
|
|
Bombardier, Inc. 7.875% 4/15/20271
|
11,970
|
12,129
|
|
|
Bombardier, Inc. 6.00% 2/15/20281
|
10,940
|
10,666
|
|
|
Bombardier, Inc. 7.50% 2/1/20291
|
5,279
|
5,398
|
|
|
Burlington Northern Santa Fe, LLC 3.55% 2/15/2050
|
750
|
603
|
|
|
Burlington Northern Santa Fe, LLC 3.30% 9/15/2051
|
479
|
367
|
|
|
Burlington Northern Santa Fe, LLC 2.875% 6/15/2052
|
23,990
|
16,835
|
|
|
BWX Technologies, Inc. 4.125% 6/30/20281
|
8,135
|
7,335
|
|
|
BWX Technologies, Inc. 4.125% 4/15/20291
|
3,415
|
3,032
|
|
|
Canadian Pacific Railway, Ltd. 1.75% 12/2/2026
|
435
|
395
|
|
|
Canadian Pacific Railway, Ltd. 2.45% 12/2/2031
|
363
|
314
|
|
|
Canadian Pacific Railway, Ltd. 3.00% 12/2/2041
|
172
|
138
|
|
|
Canadian Pacific Railway, Ltd. 3.10% 12/2/2051
|
23,487
|
16,854
|
|
|
Clarivate Science Holdings Corp. 3.875% 7/1/20281
|
4,910
|
4,387
|
|
|
Clarivate Science Holdings Corp. 4.875% 7/1/20291
|
4,470
|
4,047
|
|
|
Clean Harbors, Inc. 6.375% 2/1/20311
|
5,635
|
5,755
|
|
|
CoreLogic, Inc. 4.50% 5/1/20281
|
7,500
|
5,698
|
|
|
CoreLogic, Inc., Term Loan, (3-month USD-LIBOR + 6.50%) 11.375% 6/4/20293,4
|
4,225
|
3,156
|
|
|
Cornerstone Building Brands, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 7.934% 4/12/20283,4
|
144
|
128
|
|
|
Covanta Holding Corp. 4.875% 12/1/20291
|
8,120
|
7,233
|
|
|
CSX Corp. 4.50% 3/15/2049
|
25
|
23
|
|
|
CSX Corp. 2.50% 5/15/2051
|
37,495
|
24,230
|
|
|
Dun & Bradstreet Corp. 5.00% 12/15/20291
|
13,398
|
11,616
|
|
|
Eaton Corp. 4.70% 8/23/2052
|
860
|
828
|
|
|
Empresa de Transporte de Pasajeros Metro SA 4.70% 5/7/20501
|
400
|
352
|
|
American Funds Multi-Sector Income Fund — Page 14 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Industrials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
General Dynamics Corp. 1.15% 6/1/2026
|
USD
4,600
|
$4,173
|
|
|
General Dynamics Corp. 3.625% 4/1/2030
|
5,230
|
5,011
|
|
|
Harsco Corp. 5.75% 7/31/20271
|
6,254
|
4,917
|
|
|
Honeywell International, Inc. 2.70% 8/15/2029
|
7,040
|
6,489
|
|
|
LABL Escrow Issuer, LLC 10.50% 7/15/20271
|
665
|
616
|
|
|
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/20341
|
4,241
|
4,086
|
|
|
Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034
|
3,728
|
3,592
|
|
|
Lockheed Martin Corp. 5.10% 11/15/2027
|
6,087
|
6,325
|
|
|
Lockheed Martin Corp. 1.85% 6/15/2030
|
250
|
212
|
|
|
Lockheed Martin Corp. 2.80% 6/15/2050
|
2,815
|
2,047
|
|
|
Lockheed Martin Corp. 5.70% 11/15/2054
|
1,471
|
1,678
|
|
|
Lockheed Martin Corp. 5.90% 11/15/2063
|
1,368
|
1,606
|
|
|
LSC Communications, Inc. 8.75% 10/15/20231,5,8
|
45
|
—
7
|
|
|
Masco Corp. 2.00% 2/15/2031
|
48
|
38
|
|
|
Mexico City Airport Trust 4.25% 10/31/2026
|
5,400
|
5,188
|
|
|
Mexico City Airport Trust 3.875% 4/30/2028
|
5,000
|
4,629
|
|
|
Mexico City Airport Trust 5.50% 7/31/2047
|
7,300
|
5,628
|
|
|
Mileage Plus Holdings, LLC 6.50% 6/20/20271
|
11,267
|
11,242
|
|
|
Moog, Inc. 4.25% 12/9/20271
|
5,516
|
5,109
|
|
|
Mueller Water Products, Inc. 4.00% 6/15/20291
|
1,200
|
1,073
|
|
|
Norfolk Southern Corp. 4.45% 3/1/2033
|
1,698
|
1,653
|
|
|
Norfolk Southern Corp. 3.05% 5/15/2050
|
16,043
|
11,148
|
|
|
Northrop Grumman Corp. 4.70% 3/15/2033
|
4,464
|
4,512
|
|
|
Northrop Grumman Corp. 4.95% 3/15/2053
|
2,225
|
2,221
|
|
|
PGT Innovations, Inc. 4.375% 10/1/20291
|
7,830
|
7,086
|
|
|
PM General Purchaser, LLC 9.50% 10/1/20281
|
9,700
|
8,896
|
|
|
Raytheon Technologies Corp. 1.90% 9/1/2031
|
1,515
|
1,238
|
|
|
Raytheon Technologies Corp. 5.15% 2/27/2033
|
2,474
|
2,576
|
|
|
Raytheon Technologies Corp. 2.82% 9/1/2051
|
6,135
|
4,265
|
|
|
Raytheon Technologies Corp. 5.375% 2/27/2053
|
746
|
786
|
|
|
Regal Rexnord Corp. 6.30% 2/15/20301
|
20,000
|
20,159
|
|
|
Regal Rexnord Corp. 6.40% 4/15/20331
|
20,000
|
20,036
|
|
|
Republic Services, Inc. 1.45% 2/15/2031
|
18,975
|
15,106
|
|
|
Republic Services, Inc. 2.375% 3/15/2033
|
1,390
|
1,149
|
|
|
Republic Services, Inc. 5.00% 4/1/2034
|
10,502
|
10,706
|
|
|
Ritchie Bros. Holdings, Inc. 6.75% 3/15/20281
|
8,690
|
8,960
|
|
|
Ritchie Bros. Holdings, Inc. 7.75% 3/15/20311
|
13,720
|
14,396
|
|
|
Sabre GLBL, Inc. 11.25% 12/15/20271
|
9,135
|
8,518
|
|
|
Sensata Technologies Holding BV 4.00% 4/15/20291
|
13,995
|
12,657
|
|
|
Sensata Technologies, Inc. 3.75% 2/15/20311
|
150
|
131
|
|
|
SkyMiles IP, Ltd. 4.75% 10/20/20281
|
770
|
744
|
|
|
SkyMiles IP, Ltd., Term Loan, (3-month USD-LIBOR + 3.75%) 8.558% 10/20/20273,4
|
713
|
740
|
|
|
Spirit AeroSystems, Inc. 4.60% 6/15/2028
|
14,075
|
11,945
|
|
|
Spirit AeroSystems, Inc. 9.375% 11/30/20291
|
9,109
|
9,952
|
|
|
SRS Distribution, Inc. 4.625% 7/1/20281
|
5,810
|
5,168
|
|
|
Stericycle, Inc. 3.875% 1/15/20291
|
11,010
|
9,625
|
|
|
TransDigm, Inc. 6.25% 3/15/20261
|
5,095
|
5,105
|
|
|
TransDigm, Inc. 5.50% 11/15/2027
|
3,400
|
3,210
|
|
|
TransDigm, Inc. 6.75% 8/15/20281
|
6,080
|
6,148
|
|
|
TransDigm, Inc. 4.625% 1/15/2029
|
8,765
|
7,801
|
|
|
TransDigm, Inc. 4.875% 5/1/2029
|
1,990
|
1,763
|
|
|
Triumph Group, Inc. 9.00% 3/15/20281
|
17,877
|
17,918
|
|
|
Uber Technologies, Inc. 8.00% 11/1/20261
|
13,360
|
13,710
|
|
|
Union Pacific Corp. 2.80% 2/14/2032
|
12,330
|
10,835
|
|
American Funds Multi-Sector Income Fund — Page 15 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Industrials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Union Pacific Corp. 4.30% 3/1/2049
|
USD
75
|
$68
|
|
|
Union Pacific Corp. 3.25% 2/5/2050
|
13
|
10
|
|
|
Union Pacific Corp. 2.95% 3/10/2052
|
26,515
|
18,923
|
|
|
United Airlines, Inc. 4.375% 4/15/20261
|
1,620
|
1,552
|
|
|
United Airlines, Inc. 4.625% 4/15/20291
|
1,315
|
1,191
|
|
|
United Rentals, Inc. 5.25% 1/15/2030
|
5,300
|
5,106
|
|
|
United Rentals, Inc. 3.75% 1/15/2032
|
4,600
|
3,967
|
|
|
Waste Management, Inc. 2.50% 11/15/2050
|
6,715
|
4,372
|
|
|
WESCO Distribution, Inc. 7.125% 6/15/20251
|
1,975
|
2,009
|
|
|
WESCO Distribution, Inc. 7.25% 6/15/20281
|
6,985
|
7,179
|
|
|
|
|
|
610,484
|
|
Materials 5.20%
|
|
|
|
|
Alcoa Nederland Holding BV 5.50% 12/15/20271
|
300
|
297
|
|
|
Allegheny Technologies, Inc. 4.875% 10/1/2029
|
12,115
|
11,044
|
|
|
Allegheny Technologies, Inc. 5.125% 10/1/2031
|
6,060
|
5,523
|
|
|
Alpek, SAB de CV, 3.25% 2/25/2031
|
3,000
|
2,428
|
|
|
Alpek, SAB de CV, 3.25% 2/25/20311
|
1,100
|
890
|
|
|
Anglo American Capital PLC 2.625% 9/10/20301
|
5,960
|
4,962
|
|
|
Anglo American Capital PLC 2.875% 3/17/20311
|
561
|
470
|
|
|
Anglo American Capital PLC 3.95% 9/10/20501
|
206
|
159
|
|
|
Ardagh Group SA 6.50% Cash 6/30/20271,6
|
7,753
|
5,940
|
|
|
Ardagh Metal Packaging Finance USA, LLC 4.00% 9/1/20291
|
19,300
|
15,121
|
|
|
Ardagh Packaging Finance PLC 5.25% 8/15/20271
|
6,000
|
4,736
|
|
|
Axalta Coating Systems, LLC 4.75% 6/15/20271
|
11,005
|
10,469
|
|
|
Ball Corp. 6.875% 3/15/2028
|
23,230
|
24,067
|
|
|
BHP Billiton Finance (USA), Ltd. 4.75% 2/28/2028
|
5,850
|
5,927
|
|
|
BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033
|
6,279
|
6,409
|
|
|
Bluestar Finance Holdings, Ltd. 3.875% perpetual bonds
(3-year UST Yield Curve Rate T Note Constant Maturity + 6.651% on 6/24/2023)2
|
4,580
|
4,557
|
|
|
Braskem Idesa SAPI 7.45% 11/15/2029
|
4,900
|
3,939
|
|
|
Braskem Idesa SAPI 7.45% 11/15/20291
|
2,150
|
1,728
|
|
|
Braskem Idesa SAPI 6.99% 2/20/2032
|
18,525
|
13,997
|
|
|
Braskem Idesa SAPI 6.99% 2/20/20321
|
5,880
|
4,443
|
|
|
Braskem Netherlands Finance BV 4.50% 1/31/20301
|
1,170
|
995
|
|
|
Braskem Netherlands Finance BV 7.25% 2/13/20331
|
9,535
|
9,170
|
|
|
Braskem SA 4.50% 1/31/2030
|
850
|
723
|
|
|
Braskem SA 5.875% 1/31/20501
|
400
|
301
|
|
|
CAN-PACK SA 3.875% 11/15/20291
|
12,535
|
10,163
|
|
|
Celanese US Holdings, LLC 6.379% 7/15/2032
|
18,286
|
18,558
|
|
|
Cleveland-Cliffs, Inc. 6.75% 3/15/20261
|
3,960
|
4,035
|
|
|
Cleveland-Cliffs, Inc. 5.875% 6/1/2027
|
160
|
159
|
|
|
CVR Partners, LP 6.125% 6/15/20281
|
5,965
|
5,295
|
|
|
Element Solutions, Inc. 3.875% 9/1/20281
|
11,735
|
10,313
|
|
|
First Quantum Minerals, Ltd. 7.50% 4/1/20251
|
242
|
242
|
|
|
First Quantum Minerals, Ltd. 6.875% 3/1/20261
|
1,122
|
1,089
|
|
|
First Quantum Minerals, Ltd. 6.875% 10/15/20271
|
19,038
|
18,371
|
|
|
Fresnillo PLC 4.25% 10/2/20501
|
1,100
|
829
|
|
|
FXI Holdings, Inc. 7.875% 11/1/20241
|
7,501
|
7,005
|
|
|
FXI Holdings, Inc. 12.25% 11/15/20261
|
23,540
|
20,951
|
|
|
GC Treasury Center Co., Ltd. 4.40% 3/30/2032
|
11,500
|
10,350
|
|
|
GC Treasury Center Co., Ltd. 4.40% 3/30/20321
|
1,600
|
1,440
|
|
|
Gran Colombia Gold Corp. 6.875% 8/9/20261
|
1,860
|
1,523
|
|
|
International Flavors & Fragrances, Inc. 1.832% 10/15/20271
|
24
|
20
|
|
American Funds Multi-Sector Income Fund — Page 16 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Materials (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
International Flavors & Fragrances, Inc. 2.30% 11/1/20301
|
USD
1,044
|
$839
|
|
|
International Flavors & Fragrances, Inc. 3.468% 12/1/20501
|
22,705
|
15,465
|
|
|
LABL, Inc. 9.50% 11/1/20281
|
6,555
|
6,621
|
|
|
LABL, Inc. 8.25% 11/1/20291
|
2,535
|
2,166
|
|
|
LSB Industries, Inc. 6.25% 10/15/20281
|
16,940
|
15,093
|
|
|
LYB International Finance III, LLC 3.625% 4/1/2051
|
1,091
|
777
|
|
|
Mauser Packaging Solutions Holding Co. 7.875% 8/15/20261
|
8,291
|
8,298
|
|
|
Methanex Corp. 5.125% 10/15/2027
|
1,990
|
1,878
|
|
|
Mineral Resources, Ltd. 8.50% 5/1/20301
|
11,900
|
12,225
|
|
|
Nova Chemicals Corp. 5.25% 6/1/20271
|
3,100
|
2,830
|
|
|
Nova Chemicals Corp. 4.25% 5/15/20291
|
11,640
|
9,528
|
|
|
Novelis Corp. 4.75% 1/30/20301
|
6,326
|
5,820
|
|
|
Novelis Corp. 3.875% 8/15/20311
|
7,021
|
5,924
|
|
|
Nutrien, Ltd. 5.90% 11/7/2024
|
774
|
785
|
|
|
Nutrien, Ltd. 5.80% 3/27/2053
|
3,808
|
3,927
|
|
|
OCI NV 6.70% 3/16/20331
|
22,616
|
22,585
|
|
|
Olin Corp. 5.00% 2/1/2030
|
3,000
|
2,816
|
|
|
Praxair, Inc. 2.00% 8/10/2050
|
18
|
11
|
|
|
SCIH Salt Holdings, Inc. 4.875% 5/1/20281
|
22,390
|
19,988
|
|
|
SCIH Salt Holdings, Inc. 6.625% 5/1/20291
|
13,505
|
11,193
|
|
|
Scotts Miracle-Gro Co. 4.50% 10/15/2029
|
6,308
|
5,431
|
|
|
Scotts Miracle-Gro Co. 4.375% 2/1/2032
|
9,015
|
7,255
|
|
|
Sealed Air Corp. 4.00% 12/1/20271
|
11,364
|
10,615
|
|
|
Sealed Air Corp. 6.125% 2/1/20281
|
19,042
|
19,274
|
|
|
Sherwin-Williams Company 2.90% 3/15/2052
|
20,925
|
13,486
|
|
|
South32 Treasury, Ltd. 4.35% 4/14/20321
|
1,753
|
1,565
|
|
|
Summit Materials, LLC 6.50% 3/15/20271
|
270
|
268
|
|
|
Summit Materials, LLC 5.25% 1/15/20291
|
9,060
|
8,575
|
|
|
Trivium Packaging BV 5.50% 8/15/20261
|
1,495
|
1,434
|
|
|
Trivium Packaging BV 8.50% 8/15/20271
|
7,600
|
6,923
|
|
|
Valvoline, Inc. 4.25% 2/15/20301
|
5,960
|
5,850
|
|
|
Valvoline, Inc. 3.625% 6/15/20311
|
9,015
|
7,665
|
|
|
Venator Finance SARL 9.50% 7/1/20251
|
8,610
|
5,381
|
|
|
Venator Finance SARL 5.75% 7/15/20251
|
3,015
|
438
|
|
|
W. R. Grace Holdings, LLC 5.625% 8/15/20291
|
2,055
|
1,747
|
|
|
Warrior Met Coal, Inc. 7.875% 12/1/20281
|
12,415
|
12,497
|
|
|
|
|
|
505,811
|
|
Utilities 5.10%
|
|
|
|
|
AEP Transmission Co., LLC 2.75% 8/15/2051
|
2,476
|
1,651
|
|
|
AEP Transmission Co., LLC 5.40% 3/15/2053
|
1,350
|
1,408
|
|
|
AES Panama Generation Holdings SRL 4.375% 5/31/2030
|
3,893
|
3,352
|
|
|
AES Panama Generation Holdings SRL 4.375% 5/31/20301
|
875
|
753
|
|
|
Alabama Power Co. 3.94% 9/1/2032
|
15,000
|
14,104
|
|
|
Alfa Desarrollo SpA 4.55% 9/27/20511
|
7,110
|
5,220
|
|
|
Alliant Energy Finance, LLC 3.60% 3/1/20321
|
2,125
|
1,881
|
|
|
American Electric Power Company, Inc. 1.00% 11/1/2025
|
25
|
23
|
|
|
AmeriGas Partners, LP 5.625% 5/20/2024
|
175
|
172
|
|
|
Calpine Corp. 5.125% 3/15/20281
|
1,070
|
981
|
|
|
CenterPoint Energy, Inc. 2.90% 7/1/2050
|
15,735
|
11,001
|
|
|
CenterPoint Energy, Inc. 3.35% 4/1/2051
|
7,907
|
6,040
|
|
|
CenterPoint Energy, Inc. 3.60% 3/1/2052
|
432
|
343
|
|
|
Cleveland Electric Illuminating Co. 4.55% 11/15/20301
|
205
|
200
|
|
|
Connecticut Light and Power Co. 2.05% 7/1/2031
|
175
|
145
|
|
American Funds Multi-Sector Income Fund — Page 17 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Consorcio Transmantaro SA 4.70% 4/16/2034
|
USD
1,000
|
$916
|
|
|
Consumers Energy Co. 3.80% 11/15/2028
|
2,000
|
1,932
|
|
|
Consumers Energy Co. 3.60% 8/15/2032
|
6,175
|
5,720
|
|
|
Consumers Energy Co. 4.625% 5/15/2033
|
14,800
|
14,771
|
|
|
Consumers Energy Co. 3.25% 8/15/2046
|
1,841
|
1,380
|
|
|
Consumers Energy Co. 3.10% 8/15/2050
|
3,643
|
2,632
|
|
|
Consumers Energy Co. 3.50% 8/1/2051
|
684
|
536
|
|
|
Consumers Energy Co. 2.65% 8/15/2052
|
13,113
|
8,695
|
|
|
DPL, Inc. 4.125% 7/1/2025
|
7,600
|
7,268
|
|
|
DTE Electric Co. 2.625% 3/1/2031
|
16,599
|
14,374
|
|
|
DTE Electric Co. 3.65% 3/1/2052
|
2,100
|
1,675
|
|
|
DTE Energy Company 1.90% 4/1/2028
|
1,010
|
892
|
|
|
Duke Energy Carolinas, LLC 2.45% 8/15/2029
|
11,006
|
9,619
|
|
|
Duke Energy Carolinas, LLC 5.35% 1/15/2053
|
4,110
|
4,284
|
|
|
Duke Energy Corp. 3.50% 6/15/2051
|
2,481
|
1,817
|
|
|
Duke Energy Florida, LLC 1.75% 6/15/2030
|
74
|
61
|
|
|
Duke Energy Florida, LLC 5.95% 11/15/2052
|
3,200
|
3,567
|
|
|
Duke Energy Progress, LLC 2.00% 8/15/2031
|
3,925
|
3,219
|
|
|
Duke Energy Progress, LLC 2.50% 8/15/2050
|
1,099
|
691
|
|
|
Edison International 5.75% 6/15/2027
|
4,454
|
4,553
|
|
|
Edison International 4.125% 3/15/2028
|
2,779
|
2,642
|
|
|
Edison International 6.95% 11/15/2029
|
4,000
|
4,330
|
|
|
Edison International 5.00% junior subordinated perpetual bonds
(5-year UST Yield Curve Rate T Note Constant Maturity + 3.901% on 3/15/2027)2
|
4,000
|
3,324
|
|
|
Emera US Finance, LP 2.639% 6/15/2031
|
3,395
|
2,730
|
|
|
Empresas Publicas de Medellin ESP 4.25% 7/18/20291
|
500
|
383
|
|
|
Empresas Publicas de Medellin ESP 4.25% 7/18/2029
|
200
|
153
|
|
|
Empresas Publicas de Medellin ESP 4.375% 2/15/20311
|
950
|
686
|
|
|
Enfragen Energia Sur SA 5.375% 12/30/2030
|
6,300
|
3,788
|
|
|
ENN Clean Energy International Investment, Ltd. 3.375% 5/12/20261
|
7,170
|
6,456
|
|
|
ENN Energy Holdings, Ltd. 2.625% 9/17/20301
|
3,000
|
2,528
|
|
|
ENN Energy Holdings, Ltd. 2.625% 9/17/2030
|
1,000
|
843
|
|
|
Entergy Corp. 2.40% 6/15/2031
|
6,150
|
5,099
|
|
|
Entergy Louisiana, LLC 2.35% 6/15/2032
|
10,000
|
8,222
|
|
|
Entergy Louisiana, LLC 4.75% 9/15/2052
|
6,150
|
5,787
|
|
|
FirstEnergy Corp. 4.10% 5/15/20281
|
834
|
807
|
|
|
FirstEnergy Corp. 2.65% 3/1/2030
|
12,972
|
11,047
|
|
|
FirstEnergy Corp. 2.25% 9/1/2030
|
1,518
|
1,255
|
|
|
FirstEnergy Transmission, LLC 4.35% 1/15/20251
|
11,954
|
11,799
|
|
|
FirstEnergy Transmission, LLC 2.866% 9/15/20281
|
2,961
|
2,675
|
|
|
Florida Power & Light Company 5.05% 4/1/2028
|
8,975
|
9,281
|
|
|
Florida Power & Light Company 5.10% 4/1/2033
|
7,225
|
7,494
|
|
|
Florida Power & Light Company 2.875% 12/4/2051
|
18,685
|
13,145
|
|
|
Florida Power & Light Company 5.30% 4/1/2053
|
4,000
|
4,260
|
|
|
Instituto Costarricense de Electricidad 6.75% 10/7/2031
|
4,900
|
4,730
|
|
|
Investment Energy Resources, Ltd. 6.25% 4/26/20291
|
350
|
324
|
|
|
Jersey Central Power & Light Co. 4.30% 1/15/20261
|
50
|
49
|
|
|
Jersey Central Power & Light Co. 2.75% 3/1/20321
|
4,202
|
3,519
|
|
|
Light Servicos de Eletricidade SA 4.375% 6/18/2026
|
9,800
|
2,930
|
|
|
Monongahela Power Co. 3.55% 5/15/20271
|
1,775
|
1,686
|
|
|
NextEra Energy Capital Holdings, Inc. 2.25% 6/1/2030
|
5,786
|
4,895
|
|
|
NiSource Finance Corp. 5.00% 6/15/2052
|
2,424
|
2,308
|
|
|
NiSource, Inc. 5.25% 3/30/2028
|
1,600
|
1,629
|
|
|
Northern States Power Co. 2.90% 3/1/2050
|
172
|
122
|
|
American Funds Multi-Sector Income Fund — Page 18 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Northern States Power Co. 2.60% 6/1/2051
|
USD
2,870
|
$1,911
|
|
|
Oncor Electric Delivery Company, LLC 4.15% 6/1/2032
|
674
|
651
|
|
|
Oncor Electric Delivery Company, LLC 4.55% 9/15/2032
|
1,875
|
1,867
|
|
|
Oncor Electric Delivery Company, LLC 3.75% 4/1/2045
|
8,195
|
6,879
|
|
|
Oncor Electric Delivery Company, LLC 3.10% 9/15/2049
|
3,256
|
2,401
|
|
|
Oncor Electric Delivery Company, LLC 2.70% 11/15/2051
|
8,174
|
5,548
|
|
|
Pacific Gas and Electric Co. 2.95% 3/1/2026
|
258
|
240
|
|
|
Pacific Gas and Electric Co. 3.30% 3/15/2027
|
373
|
341
|
|
|
Pacific Gas and Electric Co. 2.10% 8/1/2027
|
17,728
|
15,474
|
|
|
Pacific Gas and Electric Co. 3.30% 12/1/2027
|
183
|
165
|
|
|
Pacific Gas and Electric Co. 3.75% 7/1/2028
|
1,094
|
1,008
|
|
|
Pacific Gas and Electric Co. 4.65% 8/1/2028
|
125
|
118
|
|
|
Pacific Gas and Electric Co. 4.55% 7/1/2030
|
13,487
|
12,646
|
|
|
Pacific Gas and Electric Co. 2.50% 2/1/2031
|
16,588
|
13,453
|
|
|
Pacific Gas and Electric Co. 3.25% 6/1/2031
|
7,842
|
6,653
|
|
|
Pacific Gas and Electric Co. 3.30% 8/1/2040
|
920
|
654
|
|
|
Pacific Gas and Electric Co. 3.50% 8/1/2050
|
12,171
|
8,051
|
|
|
PG&E Corp. 5.00% 7/1/2028
|
1,610
|
1,522
|
|
|
PG&E Corp. 5.25% 7/1/2030
|
11,890
|
11,053
|
|
|
Progress Energy, Inc. 7.75% 3/1/2031
|
4,359
|
5,047
|
|
|
Progress Energy, Inc. 7.00% 10/30/2031
|
2,389
|
2,647
|
|
|
Public Service Company of Colorado 1.90% 1/15/2031
|
2,784
|
2,303
|
|
|
Public Service Company of Colorado 1.875% 6/15/2031
|
6,542
|
5,349
|
|
|
Public Service Electric and Gas Co. 3.20% 5/15/2029
|
2,231
|
2,049
|
|
|
Public Service Electric and Gas Co. 3.10% 3/15/2032
|
4,663
|
4,170
|
|
|
Southern California Edison Co. 0.70% 4/3/2023
|
1,530
|
1,530
|
|
|
Southern California Edison Co. 0.975% 8/1/2024
|
2,240
|
2,120
|
|
|
Southern California Edison Co. 4.70% 6/1/2027
|
22,602
|
22,669
|
|
|
Southern California Edison Co. 3.65% 3/1/2028
|
1,000
|
945
|
|
|
Southern California Edison Co. 4.20% 3/1/2029
|
165
|
160
|
|
|
Southern California Edison Co. 2.85% 8/1/2029
|
1,352
|
1,210
|
|
|
Southern California Edison Co. 2.25% 6/1/2030
|
819
|
696
|
|
|
Southern California Edison Co. 2.50% 6/1/2031
|
10,974
|
9,319
|
|
|
Southern California Edison Co. 2.75% 2/1/2032
|
3,597
|
3,091
|
|
|
Southern California Edison Co. 3.65% 2/1/2050
|
4,400
|
3,397
|
|
|
Southern California Edison Co. 2.95% 2/1/2051
|
145
|
98
|
|
|
Southern California Edison Co., Series C, 3.60% 2/1/2045
|
2,643
|
2,006
|
|
|
Southwestern Electric Power Co. 3.25% 11/1/2051
|
4,154
|
2,899
|
|
|
State Grid Overseas Investment, Ltd. 4.375% 5/22/2043
|
2,800
|
2,676
|
|
|
State Grid Overseas Investment, Ltd. 4.85% 5/7/2044
|
2,000
|
2,034
|
|
|
Talen Energy Corp. 10.50% 1/15/20261,5
|
7,960
|
3,214
|
|
|
Talen Energy Corp. 7.25% 5/15/20271
|
1,255
|
1,290
|
|
|
Talen Energy Corp., Term Loan,
(3-month USD CME Term SOFR + 4.75%) 9.506% 11/13/20233,4
|
2,840
|
2,861
|
|
|
Tampa Electric Co. 3.625% 6/15/2050
|
1,075
|
827
|
|
|
Tampa Electric Co. 5.00% 7/15/2052
|
1,737
|
1,678
|
|
|
Union Electric Co. 2.15% 3/15/2032
|
2,850
|
2,336
|
|
|
Union Electric Co. 3.90% 4/1/2052
|
2,395
|
2,016
|
|
|
Venture Global Calcasieu Pass, LLC 3.875% 8/15/20291
|
12,680
|
11,449
|
|
|
Virginia Electric and Power Co. 2.875% 7/15/2029
|
4,085
|
3,707
|
|
|
Virginia Electric and Power Co. 2.30% 11/15/2031
|
5,900
|
4,903
|
|
|
Virginia Electric and Power Co. 2.40% 3/30/2032
|
3,925
|
3,269
|
|
|
Virginia Electric and Power Co. 2.45% 12/15/2050
|
180
|
111
|
|
|
WEC Energy Group, Inc. 5.15% 10/1/2027
|
3,350
|
3,411
|
|
American Funds Multi-Sector Income Fund — Page 19 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Utilities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Wisconsin Power and Light Co. 1.95% 9/16/2031
|
USD
2,240
|
$1,812
|
|
|
Wisconsin Power and Light Co. 3.95% 9/1/2032
|
1,660
|
1,562
|
|
|
Xcel Energy, Inc. 3.35% 12/1/2026
|
1,130
|
1,078
|
|
|
Xcel Energy, Inc. 1.75% 3/15/2027
|
4,217
|
3,778
|
|
|
Xcel Energy, Inc. 2.60% 12/1/2029
|
181
|
158
|
|
|
Xcel Energy, Inc. 3.40% 6/1/2030
|
10,948
|
10,005
|
|
|
Xcel Energy, Inc. 2.35% 11/15/2031
|
1,660
|
1,361
|
|
|
Xcel Energy, Inc. 3.50% 12/1/2049
|
2,360
|
1,820
|
|
|
|
|
|
496,498
|
|
Consumer staples 3.78%
|
|
|
|
|
7-Eleven, Inc. 0.95% 2/10/20261
|
255
|
229
|
|
|
7-Eleven, Inc. 1.30% 2/10/20281
|
252
|
215
|
|
|
7-Eleven, Inc. 1.80% 2/10/20311
|
13,213
|
10,478
|
|
|
7-Eleven, Inc. 2.50% 2/10/20411
|
900
|
609
|
|
|
7-Eleven, Inc. 2.80% 2/10/20511
|
10,815
|
6,968
|
|
|
Albertsons Companies, Inc. 3.50% 3/15/20291
|
3,185
|
2,774
|
|
|
Altria Group, Inc. 3.40% 5/6/2030
|
2,696
|
2,399
|
|
|
Altria Group, Inc. 3.875% 9/16/2046
|
18,606
|
13,413
|
|
|
Altria Group, Inc. 4.45% 5/6/2050
|
13,286
|
9,931
|
|
|
Altria Group, Inc. 3.70% 2/4/2051
|
27,559
|
18,630
|
|
|
Anheuser-Busch Companies, LLC 4.90% 2/1/2046
|
90
|
88
|
|
|
Anheuser-Busch InBev NV 4.60% 4/15/2048
|
8,292
|
7,834
|
|
|
Anheuser-Busch InBev NV 4.439% 10/6/2048
|
180
|
164
|
|
|
B&G Foods, Inc. 5.25% 4/1/2025
|
10,870
|
10,134
|
|
|
B&G Foods, Inc. 5.25% 9/15/2027
|
5,735
|
4,923
|
|
|
British American Tobacco PLC 2.726% 3/25/2031
|
2,750
|
2,231
|
|
|
British American Tobacco PLC 4.54% 8/15/2047
|
154
|
115
|
|
|
British American Tobacco PLC 4.758% 9/6/2049
|
512
|
394
|
|
|
British American Tobacco PLC 3.984% 9/25/2050
|
34,940
|
24,057
|
|
|
British American Tobacco PLC 5.65% 3/16/2052
|
2,375
|
2,089
|
|
|
Central Garden & Pet Co. 4.125% 10/15/2030
|
3,600
|
3,184
|
|
|
Central Garden & Pet Co. 4.125% 4/30/20311
|
18,275
|
15,798
|
|
|
Conagra Brands, Inc. 1.375% 11/1/2027
|
5,135
|
4,410
|
|
|
Conagra Brands, Inc. 5.30% 11/1/2038
|
2
|
2
|
|
|
Constellation Brands, Inc. 2.875% 5/1/2030
|
1,040
|
913
|
|
|
Constellation Brands, Inc. 2.25% 8/1/2031
|
20,750
|
17,060
|
|
|
Constellation Brands, Inc. 4.75% 5/9/2032
|
244
|
241
|
|
|
Darling Ingredients, Inc. 5.25% 4/15/20271
|
2,055
|
2,006
|
|
|
Darling Ingredients, Inc. 6.00% 6/15/20301
|
16,970
|
16,928
|
|
|
Energizer Holdings, Inc. 4.375% 3/31/20291
|
3,320
|
2,922
|
|
|
Ingles Markets, Inc. 4.00% 6/15/20311
|
11,345
|
9,870
|
|
|
InRetail Consumer 3.25% 3/22/20281
|
1,100
|
952
|
|
|
Kroger Co. 3.95% 1/15/2050
|
11,840
|
9,685
|
|
|
Kronos Acquisition Holdings, Inc. 5.00% 12/31/20261
|
6,070
|
5,558
|
|
|
Kronos Acquisition Holdings, Inc. 7.00% 12/31/20271
|
14,720
|
12,856
|
|
|
Lamb Weston Holdings, Inc. 4.125% 1/31/20301
|
7,985
|
7,314
|
|
|
MARB BondCo PLC 3.95% 1/29/20311
|
2,577
|
1,962
|
|
|
Marfrig Global Foods SA 3.95% 1/29/2031
|
4,765
|
3,627
|
|
|
Natura Cosmeticos SA 4.125% 5/3/20281
|
3,800
|
3,098
|
|
|
NBM US Holdings, Inc. 6.625% 8/6/20299
|
500
|
463
|
|
|
Nestle Skin Health SA, Term Loan B3,
(3-month USD-LIBOR + 3.75%) 8.909% 10/1/20263,4
|
13,507
|
13,395
|
|
|
PepsiCo, Inc. 1.625% 5/1/2030
|
6
|
5
|
|
American Funds Multi-Sector Income Fund — Page 20 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Consumer staples (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
PepsiCo, Inc. 1.40% 2/25/2031
|
USD
34
|
$28
|
|
|
PepsiCo, Inc. 1.95% 10/21/2031
|
2,459
|
2,078
|
|
|
PepsiCo, Inc. 2.75% 10/21/2051
|
7,077
|
5,210
|
|
|
Performance Food Group, Inc. 5.50% 10/15/20271
|
4,105
|
4,017
|
|
|
Performance Food Group, Inc. 4.25% 8/1/20291
|
12,433
|
11,178
|
|
|
Philip Morris International, Inc. 3.375% 8/15/2029
|
37
|
34
|
|
|
Philip Morris International, Inc. 5.625% 11/17/2029
|
9,826
|
10,272
|
|
|
Philip Morris International, Inc. 1.75% 11/1/2030
|
2,713
|
2,182
|
|
|
Philip Morris International, Inc. 5.75% 11/17/2032
|
11,020
|
11,572
|
|
|
Philip Morris International, Inc. 5.375% 2/15/2033
|
5,710
|
5,837
|
|
|
Philip Morris International, Inc. 4.125% 3/4/2043
|
12
|
10
|
|
|
Philip Morris International, Inc. 4.25% 11/10/2044
|
15
|
13
|
|
|
Post Holdings, Inc. 5.625% 1/15/20281
|
7,370
|
7,230
|
|
|
Post Holdings, Inc. 5.50% 12/15/20291
|
8,255
|
7,788
|
|
|
Post Holdings, Inc. 4.625% 4/15/20301
|
12,811
|
11,493
|
|
|
Post Holdings, Inc. 4.50% 9/15/20311
|
2,000
|
1,762
|
|
|
Prestige Brands International, Inc. 5.125% 1/15/20281
|
5,345
|
5,188
|
|
|
Prestige Brands International, Inc. 3.75% 4/1/20311
|
5,985
|
5,078
|
|
|
PT Indofood CBP Sukses Makmur Tbk 4.745% 6/9/2051
|
5,934
|
4,304
|
|
|
Simmons Foods, Inc. 4.625% 3/1/20291
|
16,820
|
13,690
|
|
|
US Foods, Inc. 4.625% 6/1/20301
|
7,670
|
6,926
|
|
|
Wal-Mart Stores, Inc. 4.15% 9/9/2032
|
1,350
|
1,362
|
|
|
Wal-Mart Stores, Inc. 4.50% 9/9/2052
|
680
|
680
|
|
|
|
|
|
367,856
|
|
Information technology 3.13%
|
|
|
|
|
Almonde, Inc., Term Loan B, (3-month USD-LIBOR + 3.50%) 8.325% 6/13/20243,4
|
6,634
|
6,243
|
|
|
Almonde, Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 12.075% 6/13/20253,4
|
8,090
|
6,553
|
|
|
Analog Devices, Inc. 1.70% 10/1/2028
|
398
|
346
|
|
|
Analog Devices, Inc. 2.10% 10/1/2031
|
19,575
|
16,494
|
|
|
Analog Devices, Inc. 2.95% 10/1/2051
|
3,709
|
2,722
|
|
|
Apple, Inc. 3.95% 8/8/2052
|
4,588
|
4,118
|
|
|
BMC Software, Inc. 7.125% 10/2/20251
|
5,100
|
5,082
|
|
|
BMC Software, Inc., Term Loan, (3-month USD-LIBOR + 5.50%) 10.34% 2/27/20263,4
|
7,150
|
6,952
|
|
|
Booz Allen Hamilton, Inc. 3.875% 9/1/20281
|
5,265
|
4,809
|
|
|
Booz Allen Hamilton, Inc. 4.00% 7/1/20291
|
7,907
|
7,142
|
|
|
Broadcom Corp. 3.875% 1/15/2027
|
53
|
51
|
|
|
Broadcom, Inc. 4.00% 4/15/20291
|
992
|
929
|
|
|
Broadcom, Inc. 4.75% 4/15/2029
|
220
|
217
|
|
|
Broadcom, Inc. 4.15% 11/15/2030
|
350
|
325
|
|
|
Broadcom, Inc. 2.45% 2/15/20311
|
8,141
|
6,669
|
|
|
Broadcom, Inc. 4.15% 4/15/20321
|
3,121
|
2,845
|
|
|
Broadcom, Inc. 2.60% 2/15/20331
|
6,660
|
5,227
|
|
|
Broadcom, Inc. 3.469% 4/15/20341
|
406
|
334
|
|
|
Broadcom, Inc. 3.137% 11/15/20351
|
802
|
617
|
|
|
Broadcom, Inc. 3.187% 11/15/20361
|
67
|
51
|
|
|
Broadcom, Inc. 4.926% 5/15/20371
|
9,780
|
8,903
|
|
|
Broadcom, Inc. 3.50% 2/15/20411
|
4,787
|
3,615
|
|
|
Broadcom, Inc. 3.75% 2/15/20511
|
4,334
|
3,198
|
|
|
CDK Global, Inc. 7.25% 6/15/20291
|
8,175
|
8,042
|
|
|
CommScope Finance, LLC 8.25% 3/1/20271
|
9,650
|
7,913
|
|
|
CommScope Technologies, LLC 6.00% 6/15/20251
|
5,000
|
4,714
|
|
|
CommScope Technologies, LLC 5.00% 3/15/20271
|
2,550
|
1,868
|
|
|
CommScope, Inc. 7.125% 7/1/20281
|
19,100
|
14,110
|
|
American Funds Multi-Sector Income Fund — Page 21 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Information technology (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Diebold Nixdorf, Inc. 9.375% 7/15/20251
|
USD
8,886
|
$4,554
|
|
|
Diebold Nixdorf, Inc., units, 8.50% PIK or 8.50% Cash 10/15/20261,6
|
8,000
|
2,043
|
|
|
Diebold Nixdorf, Inc., Term Loan,
(3-month USD CME Term SOFR + 7.00%) 14.75% 6/5/20233,4
|
1,423
|
1,423
|
|
|
Diebold Nixdorf, Inc., Term Loan,
(3-month USD CME Term SOFR + 5.25%) 10.479% 7/15/20253,4
|
9,421
|
4,805
|
|
|
Diebold Nixdorf, Inc., Term Loan,
(3-month USD CME Term SOFR + 6.50%) 11.629% 7/15/20253,4
|
1,297
|
1,362
|
|
|
Entegris Escrow Corp. 4.75% 4/15/20291
|
1,795
|
1,699
|
|
|
Fair Isaac Corp. 4.00% 6/15/20281
|
8,305
|
7,710
|
|
|
Finastra, Ltd., Term Loan B, (3-month EUR-EURIBOR + 3.00%) 5.492% 6/13/20243,4
|
EUR
2,614
|
2,561
|
|
|
Gartner, Inc. 4.50% 7/1/20281
|
USD
3,270
|
3,107
|
|
|
Gartner, Inc. 3.625% 6/15/20291
|
5,330
|
4,761
|
|
|
Gartner, Inc. 3.75% 10/1/20301
|
5,165
|
4,641
|
|
|
Intel Corp. 4.875% 2/10/2028
|
1,368
|
1,391
|
|
|
Intel Corp. 5.20% 2/10/2033
|
18,244
|
18,592
|
|
|
Intel Corp. 5.70% 2/10/2053
|
10,145
|
10,365
|
|
|
Intel Corp. 5.90% 2/10/2063
|
590
|
608
|
|
|
Lenovo Group, Ltd. 6.536% 7/27/2032
|
10,000
|
10,166
|
|
|
MoneyGram International, Inc. 5.375% 8/1/20261
|
12,555
|
12,598
|
|
|
Oracle Corp. 3.60% 4/1/2050
|
50
|
36
|
|
|
Oracle Corp. 3.95% 3/25/2051
|
212
|
160
|
|
|
salesforce.com, inc. 2.90% 7/15/2051
|
25,015
|
17,768
|
|
|
ServiceNow, Inc. 1.40% 9/1/2030
|
18,684
|
15,060
|
|
|
SK hynix, Inc. 1.50% 1/19/2026
|
4,300
|
3,823
|
|
|
SK hynix, Inc. 1.50% 1/19/20261
|
200
|
178
|
|
|
SK hynix, Inc. 6.375% 1/17/20281
|
3,855
|
3,879
|
|
|
SK hynix, Inc. 2.375% 1/19/2031
|
7,600
|
5,695
|
|
|
SK hynix, Inc. 6.50% 1/17/2033
|
7,375
|
7,328
|
|
|
SK hynix, Inc. 6.50% 1/17/20331
|
2,625
|
2,608
|
|
|
Tibco Software, Inc., Term Loan A,
(3-month USD CME Term SOFR + 4.50%) 9.498% 9/29/20283,4
|
24,010
|
21,819
|
|
|
UKG, Inc., Term Loan, (3-month USD-LIBOR + 5.25%) 10.032% 5/3/20273,4
|
3,550
|
3,426
|
|
|
VeriSign, Inc. 2.70% 6/15/2031
|
729
|
619
|
|
|
|
|
|
304,874
|
|
Real estate 2.53%
|
|
|
|
|
American Tower Corp. 2.95% 1/15/2051
|
15,000
|
9,622
|
|
|
Anywhere Real Estate Group, LLC 5.75% 1/15/20291
|
5,200
|
3,897
|
|
|
Anywhere Real Estate Group, LLC 5.25% 4/15/20301
|
6,375
|
4,652
|
|
|
Brookfield Property REIT, Inc. 5.75% 5/15/20261
|
3,770
|
3,376
|
|
|
Brookfield Property REIT, Inc. 4.50% 4/1/20271
|
3,780
|
3,039
|
|
|
Corporacion Inmobiliaria Vesta, SAB de CV, 3.625% 5/13/20311
|
3,240
|
2,621
|
|
|
Crown Castle, Inc. 5.00% 1/11/2028
|
19,192
|
19,355
|
|
|
Equinix, Inc. 1.45% 5/15/2026
|
2,260
|
2,035
|
|
|
Equinix, Inc. 2.90% 11/18/2026
|
68
|
63
|
|
|
Equinix, Inc. 1.55% 3/15/2028
|
105
|
89
|
|
|
Equinix, Inc. 2.00% 5/15/2028
|
894
|
765
|
|
|
Equinix, Inc. 3.20% 11/18/2029
|
75
|
67
|
|
|
Equinix, Inc. 2.15% 7/15/2030
|
7,030
|
5,752
|
|
|
Equinix, Inc. 2.50% 5/15/2031
|
1,335
|
1,100
|
|
|
Equinix, Inc. 3.90% 4/15/2032
|
1,150
|
1,047
|
|
|
Equinix, Inc. 2.95% 9/15/2051
|
3,250
|
2,086
|
|
|
Equinix, Inc. 3.40% 2/15/2052
|
819
|
576
|
|
American Funds Multi-Sector Income Fund — Page 22 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Corporate bonds, notes & loans (continued)
Real estate (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Essex Portfolio, LP 2.55% 6/15/2031
|
USD
1,762
|
$1,450
|
|
|
Extra Space Storage, LP 5.70% 4/1/2028
|
968
|
975
|
|
|
Extra Space Storage, LP 2.35% 3/15/2032
|
168
|
132
|
|
|
FibraSOMA 4.375% 7/22/20311
|
3,933
|
2,908
|
|
|
Howard Hughes Corp. 5.375% 8/1/20281
|
2,466
|
2,249
|
|
|
Howard Hughes Corp. 4.125% 2/1/20291
|
9,840
|
8,348
|
|
|
Howard Hughes Corp. 4.375% 2/1/20311
|
12,035
|
9,704
|
|
|
Iron Mountain, Inc. 5.25% 3/15/20281
|
3,185
|
3,038
|
|
|
Iron Mountain, Inc. 5.00% 7/15/20281
|
2,224
|
2,072
|
|
|
Iron Mountain, Inc. 4.875% 9/15/20291
|
7,610
|
6,848
|
|
|
Iron Mountain, Inc. 5.25% 7/15/20301
|
3,000
|
2,708
|
|
|
Iron Mountain, Inc. 4.50% 2/15/20311
|
2,665
|
2,293
|
|
|
Kennedy-Wilson Holdings, Inc. 4.75% 3/1/2029
|
17,550
|
13,973
|
|
|
Kennedy-Wilson Holdings, Inc. 4.75% 2/1/2030
|
19,620
|
14,500
|
|
|
Kennedy-Wilson Holdings, Inc. 5.00% 3/1/2031
|
3,020
|
2,219
|
|
|
Ladder Capital Finance Holdings LLLP 4.25% 2/1/20271
|
2,820
|
2,230
|
|
|
Ladder Capital Finance Holdings LLLP 4.75% 6/15/20291
|
5,500
|
3,982
|
|
|
Medical Properties Trust, Inc. 5.00% 10/15/2027
|
90
|
74
|
|
|
Medical Properties Trust, Inc. 3.50% 3/15/2031
|
16,215
|
10,931
|
|
|
Park Intermediate Holdings, LLC 5.875% 10/1/20281
|
9,000
|
8,297
|
|
|
Park Intermediate Holdings, LLC 4.875% 5/15/20291
|
10,330
|
8,899
|
|
|
Prologis, LP 4.75% 6/15/2033
|
3,870
|
3,849
|
|
|
Public Storage 1.95% 11/9/2028
|
417
|
367
|
|
|
Public Storage 2.25% 11/9/2031
|
8,155
|
6,773
|
|
|
RHP Hotel Properties, LP 4.50% 2/15/20291
|
5,755
|
5,205
|
|
|
RLJ Lodging Trust, LP 3.75% 7/1/20261
|
2,610
|
2,392
|
|
|
RLJ Lodging Trust, LP 4.00% 9/15/20291
|
3,380
|
2,826
|
|
|
Sun Communities Operating, LP 2.30% 11/1/2028
|
198
|
169
|
|
|
Sun Communities Operating, LP 2.70% 7/15/2031
|
3,382
|
2,740
|
|
|
Sun Communities Operating, LP 4.20% 4/15/2032
|
24,225
|
21,672
|
|
|
VICI Properties, LP 4.625% 6/15/20251
|
325
|
315
|
|
|
VICI Properties, LP 4.75% 2/15/2028
|
876
|
831
|
|
|
VICI Properties, LP 3.875% 2/15/20291
|
3,880
|
3,454
|
|
|
VICI Properties, LP 4.95% 2/15/2030
|
8,380
|
7,872
|
|
|
VICI Properties, LP 4.125% 8/15/20301
|
145
|
128
|
|
|
VICI Properties, LP 5.125% 5/15/2032
|
6,694
|
6,313
|
|
|
VICI Properties, LP 5.625% 5/15/2052
|
4,250
|
3,832
|
|
|
Westfield Corp., Ltd. 3.50% 6/15/20291
|
10
|
8
|
|
|
WeWork Companies, LLC 5.00% 7/10/20251
|
14,325
|
7,271
|
|
|
Xenia Hotels & Resorts, Inc. 4.875% 6/1/20291
|
2,120
|
1,800
|
|
|
|
|
|
245,789
|
|
Total corporate bonds, notes & loans
|
|
|
6,704,593
|
|
Bonds & notes of governments & government agencies outside the U.S. 7.82%
|
|
|
|
|
Abu Dhabi (Emirate of) 2.50% 9/30/20291
|
15,000
|
13,686
|
|
|
Abu Dhabi (Emirate of) 3.125% 4/16/2030
|
6,500
|
6,131
|
|
|
Abu Dhabi (Emirate of) 1.70% 3/2/20311
|
12,800
|
10,807
|
|
|
Abu Dhabi (Emirate of) 1.875% 9/15/2031
|
1,500
|
1,268
|
|
|
Abu Dhabi (Emirate of) 3.875% 4/16/2050
|
9,900
|
8,437
|
|
|
Angola (Republic of) 8.25% 5/9/2028
|
2,500
|
2,218
|
|
|
Angola (Republic of) 8.00% 11/26/2029
|
25,240
|
21,717
|
|
|
Angola (Republic of) 8.75% 4/14/2032
|
3,100
|
2,627
|
|
|
Argentine Republic 1.00% 7/9/2029
|
5,233
|
1,477
|
|
American Funds Multi-Sector Income Fund — Page 23 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Argentine Republic 0.50% 7/9/2030 (0.75% on 7/9/2023)2
|
USD
62,185
|
$18,169
|
|
|
Argentine Republic 1.50% 7/9/2035 (3.625% on 7/9/2023)2
|
57,116
|
14,989
|
|
|
Armenia (Republic of) 7.15% 3/26/2025
|
200
|
203
|
|
|
Brazil (Federative Republic of) 4.75% 1/14/2050
|
12,300
|
9,129
|
|
|
Chile (Republic of) 3.10% 5/7/2041
|
9,020
|
6,793
|
|
|
Chile (Republic of) 4.34% 3/7/2042
|
1,815
|
1,608
|
|
|
Colombia (Republic of) 4.50% 3/15/2029
|
300
|
265
|
|
|
Colombia (Republic of) 3.00% 1/30/2030
|
3,800
|
2,990
|
|
|
Colombia (Republic of) 3.125% 4/15/2031
|
1,311
|
1,003
|
|
|
Colombia (Republic of) 3.25% 4/22/2032
|
10,720
|
8,004
|
|
|
Colombia (Republic of) 8.00% 4/20/2033
|
8,870
|
9,100
|
|
|
Colombia (Republic of) 7.50% 2/2/2034
|
10,925
|
10,759
|
|
|
Colombia (Republic of) 7.375% 9/18/2037
|
300
|
289
|
|
|
Colombia (Republic of) 5.625% 2/26/2044
|
902
|
685
|
|
|
Colombia (Republic of) 5.00% 6/15/2045
|
11,144
|
7,817
|
|
|
Colombia (Republic of) 5.20% 5/15/2049
|
200
|
140
|
|
|
Colombia (Republic of) 4.125% 5/15/2051
|
400
|
247
|
|
|
Costa Rica (Republic of) 6.125% 2/19/2031
|
4,228
|
4,213
|
|
|
Costa Rica (Republic of) 6.125% 2/19/20311
|
1,700
|
1,694
|
|
|
Costa Rica (Republic of) 7.158% 3/12/2045
|
1,200
|
1,189
|
|
|
Development Bank of Mongolia, LLC 7.25% 10/23/2023
|
6,210
|
6,055
|
|
|
Dominican Republic 5.50% 1/27/2025
|
1,400
|
1,386
|
|
|
Dominican Republic 6.875% 1/29/2026
|
1,000
|
1,018
|
|
|
Dominican Republic 5.95% 1/25/2027
|
1,650
|
1,629
|
|
|
Dominican Republic 5.50% 2/22/2029
|
2,757
|
2,604
|
|
|
Dominican Republic 4.50% 1/30/2030
|
8,243
|
7,198
|
|
|
Dominican Republic 4.50% 1/30/20301
|
5,789
|
5,055
|
|
|
Dominican Republic 7.05% 2/3/20311
|
4,455
|
4,535
|
|
|
Dominican Republic 6.00% 2/22/2033
|
5,120
|
4,705
|
|
|
Dominican Republic 6.00% 2/22/20331
|
1,285
|
1,181
|
|
|
Dominican Republic 5.30% 1/21/20411
|
412
|
322
|
|
|
Dominican Republic 6.85% 1/27/2045
|
1,100
|
986
|
|
|
Dominican Republic 5.875% 1/30/2060
|
21,800
|
16,749
|
|
|
Dominican Republic 5.875% 1/30/20601
|
1,700
|
1,306
|
|
|
Egypt (Arab Republic of) 6.588% 2/21/2028
|
7,100
|
4,980
|
|
|
Egypt (Arab Republic of) 6.588% 2/21/20281
|
1,200
|
842
|
|
|
Egypt (Arab Republic of) 7.60% 3/1/2029
|
3,600
|
2,521
|
|
|
Egypt (Arab Republic of) 5.875% 2/16/2031
|
18,000
|
10,959
|
|
|
Egypt (Arab Republic of) 5.875% 2/16/20311
|
6,930
|
4,219
|
|
|
Egypt (Arab Republic of) 7.625% 5/29/20321
|
4,200
|
2,678
|
|
|
Egypt (Arab Republic of) 7.625% 5/29/2032
|
3,000
|
1,913
|
|
|
Egypt (Arab Republic of) 8.75% 9/30/2051
|
1,600
|
939
|
|
|
Egypt (Arab Republic of) 8.15% 11/20/2059
|
18,200
|
10,187
|
|
|
Ethiopia (Federal Democratic Republic of) 6.625% 12/11/2024
|
9,000
|
6,345
|
|
|
Export-Import Bank of India 3.25% 1/15/2030
|
14,100
|
12,408
|
|
|
Gabonese Republic 6.95% 6/16/2025
|
7,400
|
6,895
|
|
|
Gabonese Republic 7.00% 11/24/20311
|
6,000
|
4,599
|
|
|
Gabonese Republic 7.00% 11/24/2031
|
2,200
|
1,686
|
|
|
Georgia (Republic of) 2.75% 4/22/20261
|
2,880
|
2,578
|
|
|
Georgia (Republic of) 2.75% 4/22/2026
|
2,667
|
2,387
|
|
|
Ghana (Republic of) 7.75% 4/7/20291
|
3,600
|
1,270
|
|
|
Ghana (Republic of) 8.125% 3/26/2032
|
15,400
|
5,436
|
|
|
Ghana (Republic of) 8.125% 3/26/20321
|
1,500
|
529
|
|
|
Honduras (Republic of) 6.25% 1/19/2027
|
10,360
|
9,269
|
|
|
Honduras (Republic of) 5.625% 6/24/20301
|
6,175
|
4,900
|
|
American Funds Multi-Sector Income Fund — Page 24 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Honduras (Republic of) 5.625% 6/24/2030
|
USD
5,548
|
$4,403
|
|
|
Hungary (Republic of) 6.25% 9/22/20321
|
4,500
|
4,598
|
|
|
Indonesia (Republic of) 6.625% 2/17/2037
|
900
|
1,036
|
|
|
Indonesia (Republic of) 5.25% 1/17/2042
|
10,210
|
10,228
|
|
|
Indonesia (Republic of) 4.625% 4/15/2043
|
5,800
|
5,438
|
|
|
Indonesia (Republic of) 6.75% 1/15/2044
|
575
|
674
|
|
|
Indonesia (Republic of) 5.125% 1/15/2045
|
1,515
|
1,493
|
|
|
Israel (State of) 4.50% 1/17/2033
|
1,885
|
1,885
|
|
|
Israel (State of) 3.375% 1/15/2050
|
2,500
|
1,921
|
|
|
Jordan (Hashemite Kingdom of) 5.75% 1/31/20271
|
10,100
|
9,682
|
|
|
Jordan (Hashemite Kingdom of) 5.85% 7/7/20301
|
2,100
|
1,877
|
|
|
Kazakhstan (Republic of) 4.875% 10/14/2044
|
3,200
|
2,864
|
|
|
Kenya (Republic of) 6.875% 6/24/20241
|
200
|
185
|
|
|
Kenya (Republic of) 7.25% 2/28/2028
|
13,400
|
11,022
|
|
|
Kenya (Republic of) 7.25% 2/28/20281
|
2,600
|
2,139
|
|
|
Kenya (Republic of) 8.00% 5/22/2032
|
2,000
|
1,629
|
|
|
Kenya (Republic of) 6.30% 1/23/20341
|
2,700
|
1,914
|
|
|
Kenya (Republic of) 6.30% 1/23/2034
|
2,000
|
1,418
|
|
|
Kenya (Republic of) 8.25% 2/28/2048
|
1,200
|
882
|
|
|
Mongolia (State of) 3.50% 7/7/2027
|
472
|
378
|
|
|
Mongolia (State of) 8.65% 1/19/20281
|
590
|
581
|
|
|
Mongolia (State of) 4.45% 7/7/2031
|
3,290
|
2,457
|
|
|
Morocco (Kingdom of) 5.95% 3/8/20281
|
4,790
|
4,918
|
|
|
Mozambique (Republic of) 5.00% 9/15/2031 (9.00% on 9/15/2023)2
|
13,260
|
9,585
|
|
|
Nigeria (Republic of) 8.25% 9/28/20511
|
15,000
|
9,981
|
|
|
Oman (Sultanate of) 5.375% 3/8/2027
|
16,650
|
16,504
|
|
|
Oman (Sultanate of) 6.75% 10/28/2027
|
7,350
|
7,693
|
|
|
Oman (Sultanate of) 7.00% 1/25/20511
|
10,000
|
9,761
|
|
|
Oman (Sultanate of) 7.00% 1/25/2051
|
2,765
|
2,699
|
|
|
Pakistan (Islamic Republic of) 6.875% 12/5/2027
|
1,650
|
596
|
|
|
Panama (Republic of) 7.125% 1/29/2026
|
200
|
212
|
|
|
Panama (Republic of) 3.16% 1/23/2030
|
400
|
352
|
|
|
Panama (Republic of) 4.50% 4/16/2050
|
2,400
|
1,834
|
|
|
Panama (Republic of) 4.30% 4/29/2053
|
2,800
|
2,061
|
|
|
Panama (Republic of) 6.853% 3/28/2054
|
7,253
|
7,455
|
|
|
Panama (Republic of) 4.50% 4/1/2056
|
2,000
|
1,494
|
|
|
Panama (Republic of) 3.87% 7/23/2060
|
5,450
|
3,586
|
|
|
Panama (Republic of) 4.50% 1/19/2063
|
14,545
|
10,528
|
|
|
Paraguay (Republic of) 4.70% 3/27/20271
|
400
|
394
|
|
|
Paraguay (Republic of) 4.95% 4/28/2031
|
16,350
|
15,898
|
|
|
Peru (Republic of) 4.125% 8/25/2027
|
300
|
295
|
|
|
Peru (Republic of) 2.783% 1/23/2031
|
1,200
|
1,027
|
|
|
Peru (Republic of) 3.00% 1/15/2034
|
4,990
|
4,083
|
|
|
Peru (Republic of) 6.55% 3/14/2037
|
9,500
|
10,356
|
|
|
Peru (Republic of) 3.55% 3/10/2051
|
1,200
|
883
|
|
|
Peru (Republic of) 2.78% 12/1/2060
|
4,949
|
2,962
|
|
|
Peru (Republic of) 3.23% 7/28/2121
|
1,400
|
838
|
|
|
PETRONAS Capital, Ltd. 3.50% 4/21/2030
|
9,700
|
9,060
|
|
|
PETRONAS Capital, Ltd. 3.50% 4/21/20301
|
1,300
|
1,214
|
|
|
PETRONAS Capital, Ltd. 4.55% 4/21/20501
|
800
|
742
|
|
|
Philippines (Republic of) 3.00% 2/1/2028
|
8,300
|
7,829
|
|
|
Philippines (Republic of) 1.648% 6/10/2031
|
1,200
|
965
|
|
|
Philippines (Republic of) 3.95% 1/20/2040
|
9,200
|
7,904
|
|
|
Philippines (Republic of) 3.70% 2/2/2042
|
2,500
|
2,050
|
|
|
Philippines (Republic of) 2.95% 5/5/2045
|
12,600
|
9,106
|
|
American Funds Multi-Sector Income Fund — Page 25 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Philippines (Republic of) 3.20% 7/6/2046
|
USD
4,800
|
$3,574
|
|
|
Philippines (Republic of) 4.20% 3/29/2047
|
4,000
|
3,468
|
|
|
Poland (Republic of) 4.875% 10/4/2033
|
4,605
|
4,590
|
|
|
Qatar (State of) 3.75% 4/16/20301
|
14,100
|
13,802
|
|
|
Qatar (State of) 4.625% 6/2/2046
|
1,500
|
1,449
|
|
|
Qatar (State of) 5.103% 4/23/2048
|
1,600
|
1,629
|
|
|
Qatar (State of) 4.40% 4/16/20501
|
16,100
|
14,938
|
|
|
Republika Srpska 4.75% 4/27/2026
|
EUR
835
|
849
|
|
|
Romania 2.00% 1/28/2032
|
7,500
|
5,754
|
|
|
Romania 2.00% 1/28/2032
|
3,300
|
2,532
|
|
|
Romania 2.00% 4/14/2033
|
2,720
|
2,019
|
|
|
Romania 3.50% 4/3/2034
|
30
|
25
|
|
|
Romania 5.125% 6/15/2048
|
USD
2,900
|
2,432
|
|
|
Romania 5.125% 6/15/20481
|
300
|
252
|
|
|
Russian Federation 4.75% 5/27/20265,8
|
1,600
|
96
|
|
|
Russian Federation 4.25% 6/23/20275,8
|
4,200
|
252
|
|
|
Russian Federation 4.375% 3/21/20295,8
|
1,000
|
60
|
|
|
Russian Federation 5.10% 3/28/20355,8
|
6,400
|
384
|
|
|
Russian Federation 5.25% 6/23/20475,8
|
1,800
|
108
|
|
|
Saudi Arabia (Kingdom of) 4.75% 1/18/20281
|
4,790
|
4,852
|
|
|
Senegal (Republic of) 4.75% 3/13/2028
|
EUR
4,500
|
4,117
|
|
|
Senegal (Republic of) 4.75% 3/13/2028
|
1,500
|
1,372
|
|
|
Senegal (Republic of) 6.75% 3/13/2048
|
USD
8,000
|
5,574
|
|
|
South Africa (Republic of) 4.875% 4/14/2026
|
8,200
|
7,976
|
|
|
South Africa (Republic of) 4.30% 10/12/2028
|
2,200
|
1,979
|
|
|
South Africa (Republic of) 5.875% 6/22/2030
|
500
|
470
|
|
|
South Africa (Republic of) 5.875% 4/20/2032
|
11,300
|
10,295
|
|
|
South Africa (Republic of) 5.00% 10/12/2046
|
7,500
|
5,215
|
|
|
South Africa (Republic of) 6.30% 6/22/2048
|
12,200
|
9,752
|
|
|
Sri Lanka (Democratic Socialist Republic of) 5.75% 4/18/20235
|
3,798
|
1,368
|
|
|
Sri Lanka (Democratic Socialist Republic of) 6.125% 6/3/20255
|
2,300
|
860
|
|
|
Sri Lanka (Democratic Socialist Republic of) 6.85% 11/3/20255
|
7,600
|
2,812
|
|
|
Sri Lanka (Democratic Socialist Republic of) 6.20% 5/11/20275
|
1,780
|
641
|
|
|
Sri Lanka (Democratic Socialist Republic of) 7.85% 3/14/20295
|
3,271
|
1,177
|
|
|
Sri Lanka (Democratic Socialist Republic of) 7.55% 3/28/20305
|
14,029
|
5,050
|
|
|
Tunisia (Republic of) 6.75% 10/31/2023
|
EUR
200
|
188
|
|
|
Tunisia (Republic of) 5.75% 1/30/2025
|
USD
17,990
|
10,349
|
|
|
Turkey (Republic of) 6.375% 10/14/2025
|
5,700
|
5,508
|
|
|
Turkey (Republic of) 5.125% 6/22/20261
|
4,000
|
3,652
|
|
|
Turkey (Republic of) 7.625% 4/26/2029
|
2,450
|
2,337
|
|
|
Turkey (Republic of) 5.875% 6/26/2031
|
21,050
|
17,590
|
|
|
Turkey (Republic of) 6.50% 9/20/2033
|
2,000
|
1,713
|
|
|
Turkey (Republic of) 6.00% 1/14/2041
|
200
|
151
|
|
|
Ukraine 8.994% 2/1/20265
|
6,377
|
1,216
|
|
|
Ukraine 7.75% 9/1/20285
|
4,500
|
842
|
|
|
Ukraine 7.75% 9/1/20295
|
200
|
37
|
|
|
Ukraine 9.75% 11/1/20305
|
200
|
38
|
|
|
Ukraine 6.876% 5/21/20311,5
|
4,800
|
869
|
|
|
Ukraine 7.375% 9/25/20345
|
4,500
|
793
|
|
|
United Mexican States 3.75% 1/11/2028
|
200
|
192
|
|
|
United Mexican States 4.50% 4/22/2029
|
18,100
|
17,703
|
|
|
United Mexican States 2.659% 5/24/2031
|
649
|
543
|
|
|
United Mexican States 4.875% 5/19/2033
|
2,338
|
2,241
|
|
|
United Mexican States 6.35% 2/9/2035
|
1,439
|
1,532
|
|
|
United Mexican States 6.05% 1/11/2040
|
13,600
|
13,878
|
|
American Funds Multi-Sector Income Fund — Page 26 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Bonds & notes of governments & government agencies outside the U.S. (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
United Mexican States 4.75% 3/8/2044
|
USD
200
|
$170
|
|
|
United Mexican States 5.00% 4/27/2051
|
1,200
|
1,033
|
|
|
United Mexican States 4.40% 2/12/2052
|
550
|
431
|
|
|
United Mexican States 3.75% 4/19/2071
|
4,770
|
3,184
|
|
|
|
|
|
761,405
|
|
Mortgage-backed obligations 7.68%
Commercial mortgage-backed securities 5.53%
|
|
|
|
|
3650R Commercial Mortgage Trust, Series 2022-PF2, Class B, 5.289% 11/15/20554,10
|
12,673
|
11,573
|
|
|
Arbor Multi Family Mortgage Securities Trust, Series 2020-MF1, Class B, 3.60% 5/15/20534,10
|
500
|
419
|
|
|
Banc of America Commercial Mortgage, Inc., Series 2016-UB10, Class C, 4.839% 7/15/20494,10
|
3,560
|
3,224
|
|
|
Banc of America Commercial Mortgage, Inc., Series 2017-BNK3, Class A4, 3.574% 2/15/205010
|
10
|
9
|
|
|
Bank Commercial Mortgage Trust, Series 2022-BNK44, Class B, 5.746% 11/15/20324,10
|
8,333
|
7,972
|
|
|
Bank Commercial Mortgage Trust, Series 2022-BNK44, Class C, 5.746% 11/15/20324,10
|
7,500
|
6,409
|
|
|
Bank Commercial Mortgage Trust, Series 2019-BN23, Class C, 3.506% 12/15/20524,10
|
6,986
|
5,615
|
|
|
Bank Commercial Mortgage Trust, Series 2017-BNK9, Class A4, 3.538% 11/15/205410
|
10
|
9
|
|
|
Bank Commercial Mortgage Trust, Series 2022-BNK43, Class B, 5.153% 8/15/20554,10
|
5,250
|
4,822
|
|
|
Bank Commercial Mortgage Trust, Series 2023-BNK45, Class B, 6.148% 2/15/20564,10
|
5,618
|
5,550
|
|
|
Bank Commercial Mortgage Trust, Series 2023-BNK45, Class C, 6.28% 2/15/20564,10
|
1,535
|
1,388
|
|
|
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.412% 3/15/20564,10
|
13,148
|
12,592
|
|
|
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class AS, 6.412% 3/15/20564,10
|
8,179
|
8,319
|
|
|
Bank Commercial Mortgage Trust, Series 2017-BNK7, Class C, 4.013% 9/15/20604,10
|
2,522
|
2,137
|
|
|
Bank Commercial Mortgage Trust, Series 2019-BN19, Class B, 3.647% 8/15/206110
|
4,000
|
3,258
|
|
|
Bank Commercial Mortgage Trust, Series 2020-BN25, Class C, 3.354% 1/15/20634,10
|
2,992
|
2,292
|
|
|
Bank Commercial Mortgage Trust, Series 2020-BN26, Class C, 3.414% 3/15/20634,10
|
7,265
|
5,627
|
|
|
Barclays Commercial Mortgage Securities, LLC, Series 2022-C17, Class B, 4.889% 9/15/20554,10
|
11,003
|
9,787
|
|
|
Barclays Commercial Mortgage Securities, LLC, Series 2022-C18, Class C, 6.148% 12/15/20554,10
|
12,328
|
11,198
|
|
|
Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 2/15/205110
|
25
|
23
|
|
|
Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/205110
|
10
|
9
|
|
|
Benchmark Mortgage Trust, Series 2018-B3, Class B, 4.295% 4/10/20514,10
|
1,445
|
1,299
|
|
|
Benchmark Mortgage Trust, Series 2018-B4, Class A5, 4.121% 7/15/20514,10
|
10
|
10
|
|
|
Benchmark Mortgage Trust, Series 2021-B25, Class B, 2.635% 4/15/205410
|
5,500
|
4,135
|
|
|
Benchmark Mortgage Trust, Series 2022-B35, Class C, 4.456% 5/15/20554,10
|
9,225
|
7,020
|
|
|
Benchmark Mortgage Trust, Series 2022-B36, Class B, 4.87% 7/15/20554,10
|
7,500
|
6,732
|
|
|
Benchmark Mortgage Trust, Series 2019-B13, Class A4, 2.952% 8/15/205710
|
20
|
17
|
|
|
BMO Mortgage Trust, Series 2023-C4, Class B, 5.396% 2/15/20564,10
|
3,081
|
2,975
|
|
|
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A,
(1-month USD CME Term SOFR + 1.77%) 6.597% 5/15/20391,4,10
|
2,750
|
2,675
|
|
|
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class B,
(1-month USD CME Term SOFR + 2.319%) 7.146% 5/15/20391,4,10
|
2,694
|
2,615
|
|
|
BX Trust, Series 2022-CSMO, Class B, (1-month USD CME Term SOFR + 3.141%) 7.968% 6/15/20271,4,10
|
10,000
|
9,806
|
|
|
BX Trust, Series 2021-MFM1, Class B, (1-month USD-LIBOR + 0.95%) 5.892% 1/15/20341,4,10
|
3,617
|
3,480
|
|
|
BX Trust, Series 2021-SDMF, Class B, (1-month USD-LIBOR + 0.738%) 5.422% 9/15/20341,4,10
|
3,000
|
2,838
|
|
|
BX Trust, Series 2021-SDMF, Class C, (1-month USD-LIBOR + 0.888%) 5.572% 9/15/20341,4,10
|
2,100
|
1,979
|
|
|
BX Trust, Series 2021-SDMF, Class D, (1-month USD-LIBOR + 1.387%) 6.071% 9/15/20341,4,10
|
2,000
|
1,881
|
|
|
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 5.384% 9/15/20361,4,10
|
1,733
|
1,669
|
|
|
BX Trust, Series 2021-VOLT, Class B, (1-month USD-LIBOR + 0.95%) 5.634% 9/15/20361,4,10
|
2,696
|
2,563
|
|
|
BX Trust, Series 2021-ARIA, Class A, (1-month USD-LIBOR + 0.899%) 5.584% 10/15/20361,4,10
|
1,992
|
1,915
|
|
|
BX Trust, Series 2021-ARIA, Class B, (1-month USD-LIBOR + 1.297%) 5.981% 10/15/20361,4,10
|
10,749
|
10,127
|
|
|
BX Trust, Series 2021-ARIA, Class C, (1-month USD-LIBOR + 1.646%) 6.33% 10/15/20361,4,10
|
1,992
|
1,867
|
|
|
BX Trust, Series 2021-ARIA, Class D, (1-month USD-LIBOR + 1.895%) 6.58% 10/15/20361,4,10
|
1,380
|
1,284
|
|
|
BX Trust, Series 2022-IND, Class D, (1-month USD CME Term SOFR + 2.839%) 7.666% 4/15/20371,4,10
|
735
|
690
|
|
|
BX Trust, Series 2021-SOAR, Class B, (1-month USD-LIBOR + 0.87%) 5.554% 6/15/20381,4,10
|
804
|
767
|
|
|
BX Trust, Series 2021-SOAR, Class C, (1-month USD-LIBOR + 1.10%) 5.784% 6/15/20381,4,10
|
725
|
684
|
|
|
BX Trust, Series 2021-SOAR, Class D, (1-month USD-LIBOR + 1.40%) 6.084% 6/15/20381,4,10
|
9,181
|
8,632
|
|
American Funds Multi-Sector Income Fund — Page 27 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
BX Trust, Series 2021-ACNT, Class A, (1-month USD-LIBOR + 0.85%) 5.534% 11/15/20381,4,10
|
USD
2,102
|
$2,024
|
|
|
BX Trust, Series 2021-ACNT, Class B, (1-month USD-LIBOR + 1.25%) 5.934% 11/15/20381,4,10
|
12,188
|
11,700
|
|
|
BX Trust, Series 2021-ACNT, Class C, (1-month USD-LIBOR + 1.50%) 6.184% 11/15/20381,4,10
|
1,962
|
1,849
|
|
|
BX Trust, Series 2021-ACNT, Class D, (1-month USD-LIBOR + 1.85%) 6.534% 11/15/20381,4,10
|
2,982
|
2,812
|
|
|
BX Trust, Series 2022-AHP, Class B, (1-month USD CME Term SOFR + 1.84%) 6.667% 2/15/20391,4,10
|
3,000
|
2,903
|
|
|
BX Trust, Series 2022-LP2, Class D, (1-month USD CME Term SOFR + 1.961%) 6.788% 2/15/20391,4,10
|
2,785
|
2,614
|
|
|
BX Trust, Series 2022-AHP, Class C, (1-month USD CME Term SOFR + 2.09%) 6.917% 2/15/20391,4,10
|
4,000
|
3,809
|
|
|
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.278% 8/15/20391,4,10
|
19,771
|
19,697
|
|
|
BX Trust, Series 2022-PSB, Class B, (1-month USD CME Term SOFR + 2.949%) 7.776% 8/15/20391,4,10
|
11,077
|
11,022
|
|
|
BX Trust, Series 2022-PSB, Class C, (1-month USD CME Term SOFR + 3.697%) 8.524% 8/15/20391,4,10
|
9,612
|
9,552
|
|
|
BX Trust, Series 2022-GPA, Class B, (1-month USD CME Term SOFR + 2.664%) 7.491% 10/15/20391,4,10
|
7,858
|
7,742
|
|
|
BX Trust, Series 2022-GPA, Class C, (1-month USD CME Term SOFR + 3.213%) 8.04% 10/15/20391,4,10
|
4,977
|
4,893
|
|
|
BX Trust, Series 2022-GPA, Class D, (1-month USD CME Term SOFR + 4.061%) 8.888% 10/15/20391,4,10
|
1,855
|
1,825
|
|
|
BX Trust, Series 2020-VIV4, Class A, 2.843% 3/9/20441,10
|
10,500
|
8,584
|
|
|
BX Trust, Series 2020-VIV2, Class C, 3.542% 3/9/20441,4,10
|
5,150
|
4,198
|
|
|
BX Trust, Series 2020-VIV3, Class B, 3.544% 3/9/20441,4,10
|
4,948
|
4,341
|
|
|
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class B,
(1-month USD CME Term SOFR + 2.092%) 6.919% 3/15/20351,4,10
|
13,740
|
13,368
|
|
|
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D,
(1-month USD CME Term SOFR + 3.188%) 8.015% 3/15/20351,4,10
|
2,485
|
2,415
|
|
|
CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/205010
|
10
|
9
|
|
|
Citigroup Commercial Mortgage Trust, Series 2013-GC11, Class B, 3.732% 4/10/20464,10
|
620
|
618
|
|
|
Citigroup Commercial Mortgage Trust, Series 2013-GC11, Class C, 4.134% 4/10/20464,10
|
2,000
|
1,995
|
|
|
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class AS, 4.026% 5/10/204710
|
420
|
407
|
|
|
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class B, 4.328% 5/10/20474,10
|
1,900
|
1,750
|
|
|
Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class AS, 4.017% 10/10/204710
|
438
|
416
|
|
|
Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class B, 3.772% 2/10/204810
|
7,892
|
7,333
|
|
|
Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class C, 4.425% 2/10/20484,10
|
3,656
|
3,374
|
|
|
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class C, 4.14% 4/10/20484,10
|
2,660
|
2,425
|
|
|
Citigroup Commercial Mortgage Trust, Series 2020-GC46, Class B, 3.15% 2/15/20534,10
|
1,835
|
1,413
|
|
|
Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A3, 3.515% 9/10/205810
|
296
|
283
|
|
|
Commercial Mortgage Trust, Series 2012-CR3, Class AM, 3.416% 10/15/20451,10
|
259
|
234
|
|
|
Commercial Mortgage Trust, Series 2013-CR6, Class B, 3.397% 3/10/20461,10
|
705
|
649
|
|
|
Commercial Mortgage Trust, Series 2013-CRE7, Class B, 3.613% 3/10/20461,10
|
373
|
371
|
|
|
Commercial Mortgage Trust, Series 2013-CR6, Class C, 3.777% 3/10/20461,4,10
|
1,310
|
1,086
|
|
|
Commercial Mortgage Trust, Series 2013-CR10, Class C, 4.866% 8/10/20461,4,10
|
1,309
|
1,284
|
|
|
Commercial Mortgage Trust, Series 2014-UBS4, Class B, 4.701% 3/10/204710
|
1,024
|
997
|
|
|
Commercial Mortgage Trust, Series 2014-CR16, Class C, 4.899% 4/10/20474,10
|
460
|
415
|
|
|
Commercial Mortgage Trust, Series 2014-CR18, Class B, 4.456% 7/15/20474,10
|
381
|
366
|
|
|
Commercial Mortgage Trust, Series 2014-UBS4, Class AM, 3.968% 8/10/204710
|
108
|
103
|
|
|
Commercial Mortgage Trust, Series 2014-CR19, Class AM, 4.08% 8/10/204710
|
500
|
481
|
|
|
Commercial Mortgage Trust, Series 2014-LC17, Class B, 4.49% 10/10/20474,10
|
950
|
911
|
|
|
Commercial Mortgage Trust, Series 2014-UBS6, Class C, 4.436% 12/10/20474,10
|
605
|
551
|
|
|
Commercial Mortgage Trust, Series 2015-CR26, Class B, 4.467% 10/10/20484,10
|
8,035
|
7,516
|
|
|
Commercial Mortgage Trust, Series 2015-CCRE-26, Class C, 4.467% 10/10/20484,10
|
860
|
775
|
|
|
Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/204910
|
25
|
23
|
|
|
Commercial Mortgage Trust, Series 2015-PC1, Class AM, 4.29% 7/10/20504,10
|
250
|
240
|
|
|
Commercial Mortgage Trust, Series 2013-CR11, Class B, 5.111% 8/10/20504,10
|
570
|
561
|
|
|
Commercial Mortgage Trust, Series 2013-CR11, Class C, 5.118% 8/10/20501,4,10
|
1,250
|
1,221
|
|
|
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 5.764% 7/15/20381,4,10
|
7,115
|
6,908
|
|
|
Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 6.064% 7/15/20381,4,10
|
374
|
363
|
|
|
Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD-LIBOR + 1.70%) 6.384% 7/15/20381,4,10
|
2,344
|
2,274
|
|
|
Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD-LIBOR + 2.25%) 6.934% 7/15/20381,4,10
|
8,494
|
8,111
|
|
|
FIVE Mortgage Trust, Series 2023-V1, Class B, 6.405% 2/10/20564,10
|
7,432
|
7,591
|
|
American Funds Multi-Sector Income Fund — Page 28 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
FIVE Mortgage Trust, Series 2023-V1, Class C, 6.405% 2/10/20564,10
|
USD
2,917
|
$2,833
|
|
|
Great Wolf Trust, Series 2019-WOLF, Class A, (1-month USD-LIBOR + 1.034%) 5.719% 12/15/20361,4,10
|
7,301
|
7,147
|
|
|
Great Wolf Trust, Series 2019-WOLF, Class D, (1-month USD-LIBOR + 1.933%) 6.618% 12/15/20361,4,10
|
1,213
|
1,178
|
|
|
GS Mortgage Securities Trust, Series 2022-SHIP, Class B,
(1-month USD CME Term SOFR + 1.424%) 6.251% 8/15/20241,4,10
|
1,464
|
1,449
|
|
|
GS Mortgage Securities Trust, Series 2022-SHIP, Class D,
(1-month USD CME Term SOFR + 1.607%) 6.434% 8/15/20241,4,10
|
2,000
|
1,951
|
|
|
GS Mortgage Securities Trust, Series 2022-SHIP, Class C,
(1-month USD CME Term SOFR + 1.919%) 7.884% 8/15/20241,4,10
|
757
|
747
|
|
|
GS Mortgage Securities Trust, Series 2018-HULA, Class A, 5.604% 7/15/20251,4,10
|
2,287
|
2,235
|
|
|
GS Mortgage Securities Trust, Series 2013-GC12, Class B, 3.777% 6/10/20464,10
|
650
|
647
|
|
|
GS Mortgage Securities Trust, Series 2013-GC16, Class A3, 4.244% 11/10/204610
|
81
|
81
|
|
|
GS Mortgage Securities Trust, Series 2020-GS1, Class A2, 3.47% 11/10/204810
|
200
|
191
|
|
|
Hilton USA Trust, Series 2016-HHV, Class D, 4.194% 11/5/20381,10
|
1,230
|
1,103
|
|
|
ILPT Commercial Mortgage Trust, Series 2022-LPF2, Class B,
(1-month USD CME Term SOFR + 2.744%) 7.571% 10/15/20391,4,10
|
3,273
|
3,215
|
|
|
ILPT Commercial Mortgage Trust, Series 2022-LPF2, Class C,
(1-month USD CME Term SOFR + 3.493%) 8.32% 10/15/20391,4,10
|
4,364
|
4,291
|
|
|
INTOWN Mortgage Trust, Series 2022-STAY, Class B,
(1-month USD CME Term SOFR + 3.286%) 8.113% 8/15/20371,4,10
|
7,882
|
7,815
|
|
|
INTOWN Mortgage Trust, Series 2022-STAY, Class C,
(1-month USD CME Term SOFR + 3.685%) 8.512% 8/15/20371,4,10
|
3,120
|
3,054
|
|
|
JPMBB Commercial Mortgage Securities Trust, Series 2014-C19, Class B, 4.394% 4/15/20474,10
|
920
|
884
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/20391,10
|
2,602
|
2,189
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45% 1/5/20391,4,10
|
2,092
|
1,654
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 3/5/20421,10
|
768
|
641
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class B, 3.499% 4/15/204610
|
2,000
|
1,766
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class B, 3.674% 12/15/20474,10
|
70
|
68
|
|
|
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class C, 4.346% 12/15/20474,10
|
500
|
466
|
|
|
LUXE Commercial Mortgage Trust, Series 2021-TRIP, Class B,
(1-month USD-LIBOR + 1.40%) 6.084% 10/15/20381,4,10
|
795
|
765
|
|
|
LUXE Commercial Mortgage Trust, Series 21-TRIP, Class C,
(1-month USD-LIBOR + 1.75%) 6.434% 10/15/20381,4,10
|
5,000
|
4,756
|
|
|
MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A,
(1-month USD-LIBOR + 0.801%) 5.485% 4/15/20261,4,10
|
1,534
|
1,485
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.168% 8/15/20464,10
|
2,876
|
2,847
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class AS, 4.482% 10/15/20464,10
|
500
|
493
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C14, Class C, 5.06% 2/15/20474,10
|
5,800
|
5,639
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A4, 3.443% 8/15/204710
|
151
|
147
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C18, Class AS, 4.11% 10/15/20474,10
|
1,189
|
1,142
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C20, Class B, 4.16% 2/15/204810
|
18,113
|
17,154
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/204810
|
2,311
|
2,183
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C24, Class AS, 4.036% 5/15/20484,10
|
3,586
|
3,423
|
|
|
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class B, 4.524% 10/15/20484,10
|
74
|
69
|
|
|
Morgan Stanley Capital I Trust, Series 2017-H1, Class A5, 3.53% 6/15/205010
|
45
|
42
|
|
|
Morgan Stanley Capital I Trust, Series 2019-L3, Class B, 3.659% 11/15/20524,10
|
5,300
|
4,341
|
|
|
Multifamily Connecticut Avenue Securities, Series 2019-1, Class M10,
(1-month USD-LIBOR + 3.25%) 8.095% 10/15/20491,4,10
|
1,334
|
1,227
|
|
|
Multifamily Connecticut Avenue Securities, Series 2020-1, Class M10,
(1-month USD-LIBOR + 3.75%) 8.595% 3/25/20501,4,10
|
3,400
|
3,163
|
|
|
One Market Plaza Trust, Series 2017-1MKT, Class C, 4.016% 2/10/20321,10
|
3,000
|
2,723
|
|
|
SREIT Trust, Series 2021-FLWR, Class A, (1-month USD-LIBOR + 0.577%) 5.261% 7/15/20361,4,10
|
1,558
|
1,495
|
|
|
SREIT Trust, Series 2021-FLWR, Class B, (1-month USD-LIBOR + 0.926%) 5.61% 7/15/20361,4,10
|
8,000
|
7,619
|
|
|
SREIT Trust, Series 2021-MFP, Class A, (1-month USD-LIBOR + 0.731%) 5.415% 11/15/20381,4,10
|
1,442
|
1,383
|
|
American Funds Multi-Sector Income Fund — Page 29 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
SREIT Trust, Series 2021-MFP, Class B, (1-month USD-LIBOR + 1.079%) 5.764% 11/15/20381,4,10
|
USD
1,545
|
$1,475
|
|
|
SREIT Trust, Series 2021-MFP, Class C, (1-month USD-LIBOR + 1.329%) 6.013% 11/15/20381,4,10
|
2,077
|
1,962
|
|
|
SREIT Trust, Series 2021-MFP, Class D, (1-month USD-LIBOR + 1.578%) 6.263% 11/15/20381,4,10
|
2,500
|
2,350
|
|
|
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A,
(1-month USD CME Term SOFR + 1.00%) 5.827% 1/15/20391,4,10
|
5,970
|
5,749
|
|
|
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class D,
(1-month USD CME Term SOFR + 1.95%) 6.778% 1/15/20391,4,10
|
9,500
|
8,698
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Class C, 3.848% 5/15/20484,10
|
1,000
|
902
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class AS, 3.872% 5/15/20484,10
|
3,115
|
2,975
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-C29, Class AS, 4.013% 6/15/20484,10
|
7,439
|
7,114
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.096% 6/15/204910
|
25
|
23
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class C, 4.308% 10/15/20504,10
|
2,154
|
1,846
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class B, 4.633% 8/15/205110
|
2,903
|
2,632
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class D, 3.153% 9/15/20571,10
|
3,561
|
2,780
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class B, 4.497% 9/17/20574,10
|
4,100
|
3,864
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class B, 4.551% 9/15/20584,10
|
6,750
|
6,348
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.551% 9/15/20584,10
|
110
|
100
|
|
|
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class B, 4.954% 1/15/20594,10
|
5,760
|
5,291
|
|
|
WF-RBS Commercial Mortgage Trust, Series 2012-C10, Class AS, 3.241% 12/15/204510
|
209
|
199
|
|
|
WF-RBS Commercial Mortgage Trust, Series 2013-C16, Class B, 4.987% 9/15/20464,10
|
1,251
|
1,215
|
|
|
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class AS, 4.271% 3/15/204710
|
417
|
406
|
|
|
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class B, 4.723% 3/15/20474,10
|
512
|
496
|
|
|
WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class AS, 4.069% 9/15/20574,10
|
100
|
95
|
|
|
WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A,
(1-month USD CME Term SOFR + 2.789%) 7.616% 11/15/20271,4,10
|
15,228
|
15,119
|
|
|
|
|
|
537,634
|
|
Collateralized mortgage-backed obligations (privately originated) 2.15%
|
|
|
|
|
Bellemeade Re, Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 6.445% 7/25/20291,4,10
|
26
|
26
|
|
|
BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/20611,4,10
|
1,148
|
1,027
|
|
|
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/20591,4,10
|
188
|
171
|
|
|
BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/20611,10
|
1,600
|
1,417
|
|
|
BRAVO Residential Funding Trust, Series 2022-R1, Class A, 3.125% 1/29/2070 (6.125% on 1/29/2025)1,2,10
|
11,157
|
10,024
|
|
|
Cascade Funding Mortgage Trust, Series 2020-HB4, Class M3, 2.72% 12/26/20301,4,10
|
225
|
210
|
|
|
Cascade Funding Mortgage Trust, Series 2021-HB5, Class A, 0.801% 2/25/20311,4,10
|
123
|
120
|
|
|
Cascade Funding Mortgage Trust, Series 2021-HB7, Class A, 1.151% 10/27/20311,4,10
|
688
|
648
|
|
|
Cascade Funding Mortgage Trust, Series 2021-HB7, Class M1, 2.125% 10/27/20311,4,10
|
1,296
|
1,198
|
|
|
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 6/25/20361,4,10
|
781
|
744
|
|
|
Cascade Funding Mortgage Trust, Series 2018-RM2, Class B, 4.00% 10/25/20681,4,10
|
1,008
|
964
|
|
|
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 10/25/20681,4,10
|
815
|
791
|
|
|
Cascade Funding Mortgage Trust, Series 2018-RM2, Class C, 4.00% 10/25/20681,4,10
|
741
|
705
|
|
|
Cascade Funding Mortgage Trust, Series 2018-RM2, Class D, 4.00% 10/25/20681,4,10
|
741
|
696
|
|
|
Cascade MH Asset Trust, Series 2022-MH1, Class A, 4.25% 8/25/2054 (5.25% on 11/25/2027)1,2,10
|
15,527
|
13,821
|
|
|
CFCRE Commercial Mortgage Trust, Series 2016-C7, Class A2, 3.585% 12/10/205410
|
182
|
170
|
|
|
Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/20601,4,10
|
41
|
37
|
|
|
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M1,
(30-day Average USD-SOFR + 0.75%) 5.31% 10/25/20411,4,10
|
442
|
439
|
|
|
Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M1,
(30-day Average USD-SOFR + 0.85%) 5.41% 12/25/20411,4,10
|
2,931
|
2,888
|
|
|
Connecticut Avenue Securities Trust, Series 2022-R06, Class 1M1,
(30-day Average USD-SOFR + 2.75%) 7.31% 5/25/20421,4,10
|
8,884
|
9,031
|
|
|
Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1,
(30-day Average USD-SOFR + 2.40%) 6.96% 12/25/20421,4,10
|
3,397
|
3,407
|
|
|
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 8/15/20371,10
|
110
|
99
|
|
American Funds Multi-Sector Income Fund — Page 30 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 10/25/20511,4,10
|
USD
749
|
$611
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2013-DN1, Class M2,
(1-month USD-LIBOR + 7.15%) 11.995% 7/25/20234,10
|
11,127
|
11,417
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA6, Class M1,
(30-day Average USD-SOFR + 0.80%) 5.36% 10/25/20411,4,10
|
5,545
|
5,497
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A,
(30-day Average USD-SOFR + 1.30%) 5.86% 2/25/20421,4,10
|
13,795
|
13,663
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A,
(30-day Average USD-SOFR + 2.00%) 6.56% 4/25/20421,4,10
|
1,478
|
1,478
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1A,
(30-day Average USD-SOFR + 2.20%) 6.76% 5/25/20421,4,10
|
1,767
|
1,776
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1B,
(30-day Average USD-SOFR + 3.35%) 7.91% 5/25/20421,4,10
|
1,400
|
1,411
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A,
(30-day Average USD-SOFR + 2.95%) 7.51% 6/25/20421,4,10
|
10,287
|
10,468
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A,
(30-day Average USD-SOFR + 2.15%) 6.71% 9/25/20421,4,10
|
572
|
575
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B,
(30-day Average USD-SOFR + 3.70%) 8.26% 9/25/20421,4,10
|
1,460
|
1,487
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class M2,
(1-month USD-LIBOR + 1.70%) 6.545% 1/25/20501,4,10
|
1,841
|
1,833
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class M2,
(1-month USD-LIBOR + 1.85%) 6.695% 2/25/20501,4,10
|
4,567
|
4,541
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA3, Class B1,
(1-month USD-LIBOR + 5.10%) 9.945% 6/27/20501,4,10
|
13,083
|
13,881
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B1,
(1-month USD-LIBOR + 6.00%) 10.845% 8/25/20501,4,10
|
8,379
|
9,057
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class M2,
(30-day Average USD-SOFR + 2.80%) 7.111% 10/25/20501,4,10
|
1,633
|
1,652
|
|
|
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA6, Class M2,
(30-day Average USD-SOFR + 2.00%) 6.56% 12/25/20501,4,10
|
4,160
|
4,165
|
|
|
Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/20261,10
|
2,104
|
1,872
|
|
|
Hundred Acre Wood Trust, Series 2021-INV1, Class A9, 2.50% 7/25/20511,4,10
|
2,504
|
2,193
|
|
|
Hundred Acre Wood Trust, Series 2021-INV1, Class A27, 2.50% 7/25/20511,4,10
|
2,510
|
1,987
|
|
|
JPMorgan Mortgage Trust, Series 2018-3, Class A1, 3.50% 9/25/20481,4,10
|
193
|
173
|
|
|
JPMorgan Mortgage Trust, Series 2020-1, Class A15, 3.50% 6/25/20501,4,10
|
793
|
709
|
|
|
Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 6.25% 11/25/20591,4,10
|
205
|
205
|
|
|
Legacy Mortgage Asset Trust, Series 2020-GS4, Class A1, 3.25% 2/25/20601,4,10
|
227
|
225
|
|
|
Legacy Mortgage Asset Trust, Series 2020-GS3, Class A1, 3.25% 5/25/2060 (6.25% on 4/25/2023)1,2,10
|
1,542
|
1,543
|
|
|
Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, 4.00% 2/25/2061 (7.00% on 4/25/2025)1,2,10
|
11,897
|
11,105
|
|
|
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 4/25/20611,4,10
|
834
|
783
|
|
|
Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (5.25% on 11/25/2024)1,2,10
|
2,560
|
2,339
|
|
|
Mello Warehouse Securitization Trust, Series 2021-3, Class A,
(1-month USD-LIBOR + 0.85%) 5.695% 11/25/20551,4,10
|
1,616
|
1,591
|
|
|
New Residential Mortgage Loan Trust, Series 2018-1A, Class A1A, 4.00% 12/25/20571,4,10
|
45
|
43
|
|
|
New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25% 12/25/20571,4,10
|
129
|
124
|
|
|
New Residential Mortgage Loan Trust, Series 2018-5A, Class A1, 4.75% 12/25/20571,4,10
|
97
|
95
|
|
|
NewRez Warehouse Securitization Trust, Series 2021-1, Class A,
(1-month USD-LIBOR + 0.75%) 5.595% 5/25/20551,4,10
|
1,950
|
1,931
|
|
|
Progress Residential Trust, Series 2019-SFR3, Class A, 2.271% 9/17/20361,10
|
396
|
379
|
|
|
Progress Residential Trust, Series 2020-SFR2, Class A, 2.078% 6/18/20371,10
|
100
|
93
|
|
|
Progress Residential Trust, Series 2021-SFR4, Class F, 3.407% 5/17/20381,10
|
4,305
|
3,795
|
|
|
Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/20311,4,10
|
558
|
535
|
|
|
Sequoia Mortgage Trust, Series 2013-2, Class A, 1.874% 2/25/20434,10
|
38
|
32
|
|
American Funds Multi-Sector Income Fund — Page 31 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Sequoia Mortgage Trust, Series 2018-CH1, Class A2, 3.50% 2/25/20481,4,10
|
USD
55
|
$50
|
|
|
Towd Point Mortgage Trust, Series 2015-3, Class B1, 4.193% 3/25/20541,4,10
|
2,504
|
2,419
|
|
|
Towd Point Mortgage Trust, Series 2017-2, Class B2, 4.11% 4/25/20571,4,10
|
2,400
|
2,120
|
|
|
Towd Point Mortgage Trust, Series 2018-1, Class A2, 3.25% 1/25/20581,4,10
|
2,477
|
2,351
|
|
|
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/20581,4,10
|
247
|
238
|
|
|
Towd Point Mortgage Trust, Series 2019-4, Class M1B, 3.00% 10/25/20591,4,10
|
3,000
|
2,510
|
|
|
Treehouse Park Improvement Assn. No.1 - Anleihen 9.75% 12/1/20331,8
|
22,184
|
19,624
|
|
|
Tricon American Homes, Series 2017-SFR2, Class E, 4.216% 1/17/20361,10
|
6,500
|
6,378
|
|
|
Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/20381,10
|
2,342
|
2,111
|
|
|
VM Fund I, LLC 8.625% 1/15/20281,8
|
7,828
|
7,711
|
|
|
|
|
|
209,409
|
|
Total mortgage-backed obligations
|
|
|
747,043
|
|
Asset-backed obligations 7.06%
|
|
|
|
|
Affirm Asset Securitization Trust, Series 2021-B, Class A, 1.03% 8/17/20261,10
|
2,597
|
2,484
|
|
|
Allegro CLO, Ltd., Series 2016-1A, Class AR2, (3-month USD-LIBOR + 0.95%) 5.742% 1/15/20301,4,10
|
2,634
|
2,614
|
|
|
Allegro CLO, Ltd., Series 2017-1A, Class AR, (3-month USD-LIBOR + 0.95%) 5.742% 10/16/20301,4,10
|
468
|
460
|
|
|
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 6/15/20261,10
|
28
|
28
|
|
|
American Credit Acceptance Receivables Trust, Series 2021-1, Class C, 0.83% 3/15/20271,10
|
52
|
51
|
|
|
American Credit Acceptance Receivables Trust, Series 2021-1, Class D, 1.14% 3/15/20271,10
|
100
|
95
|
|
|
American Credit Acceptance Receivables Trust, Series 2021-3, Class C, 0.98% 11/15/20271,10
|
4,757
|
4,661
|
|
|
American Credit Acceptance Receivables Trust, Series 2022-1, Class C, 2.12% 3/13/20281,10
|
2,000
|
1,931
|
|
|
American Credit Acceptance Receivables Trust, Series 2022-1, Class D, 2.46% 3/13/20281,10
|
2,000
|
1,862
|
|
|
American Credit Acceptance Receivables Trust, Series 2022-3, Class C, 4.86% 10/13/20281,10
|
7,009
|
6,899
|
|
|
American Credit Acceptance Receivables Trust, Series 2022-3, Class D, 5.83% 10/13/20281,10
|
1,663
|
1,625
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class D, 3.34% 8/20/20261,10
|
10,000
|
8,768
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/20271,10
|
100
|
93
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 4.25% 2/20/20271,10
|
6,550
|
6,129
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/20271,10
|
5,911
|
6,059
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class B, 7.09% 4/20/20271,10
|
14,733
|
15,210
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class B, 1.63% 8/20/20271,10
|
1,062
|
924
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/20271,10
|
551
|
475
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class D, 3.71% 8/20/20271,10
|
8,000
|
6,687
|
|
|
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class C, 6.95% 6/20/20291,10
|
6,230
|
6,226
|
|
|
Avis Budget Rental Car Funding AESOP, LLC, Series 2023-3A, Class B, 5.97% 2/22/20281,10
|
3,841
|
3,839
|
|
|
Avis Budget Rental Car Funding AESOP, LLC, Series 2023-3A, Class C, 6.70% 2/22/20281,10
|
9,363
|
9,360
|
|
|
Avis Budget Rental Car Funding AESOP, LLC, Series 2023-4A, Class B, 6.32% 6/20/20291,10
|
5,116
|
5,112
|
|
|
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 5.915% 11/20/20301,4,10
|
1,255
|
1,243
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class A, 2.56% 9/17/20311,10
|
101
|
99
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, 3.59% 9/17/20311,10
|
300
|
284
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, 5.17% 9/17/20311,10
|
300
|
281
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/20331,10
|
508
|
476
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class B, 2.79% 11/17/20331,10
|
4,733
|
4,146
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class C, 3.69% 11/17/20331,10
|
1,420
|
1,224
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class A, 0.90% 10/17/20341,10
|
442
|
421
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2022-A, Class A, 1.71% 2/20/20351,10
|
2,785
|
2,668
|
|
|
Bankers Healthcare Group Securitization Trust, Series 2022-A, Class B, 2.70% 2/20/20351,10
|
5,000
|
4,474
|
|
|
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class A,
2.443% 7/15/20461,10
|
2,204
|
1,915
|
|
|
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B,
3.446% 7/15/20461,10
|
753
|
590
|
|
|
Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/202810
|
684
|
659
|
|
|
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/20371,10
|
2,511
|
2,199
|
|
American Funds Multi-Sector Income Fund — Page 32 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Asset-backed obligations (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/20411,10
|
USD
491
|
$439
|
|
|
Cent CLO, Ltd., Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 5.785% 7/27/20301,4,10
|
1,323
|
1,308
|
|
|
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20601,10
|
3,723
|
3,384
|
|
|
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/20601,10
|
313
|
265
|
|
|
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/20611,10
|
95
|
84
|
|
|
CF Hippolyta, LLC, Series 2022-1, Class A1, 5.97% 8/15/20621,10
|
26,108
|
26,144
|
|
|
CFG Investments, Ltd., Series 2021-1, Class B, 5.82% 5/20/20321,10
|
3,000
|
2,882
|
|
|
CIFC Funding, Ltd., CLO, Series 2017-1A, Class B, (3-month USD-LIBOR + 1.70%) 6.515% 4/23/20291,4,10
|
1,750
|
1,735
|
|
|
CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/20451,10
|
208
|
185
|
|
|
CLI Funding V, LLC, Series 2020-1A, Class B, 3.62% 9/18/20451,10
|
269
|
238
|
|
|
CPS Auto Receivables Trust, Series 2020-B, Class D, 4.75% 4/15/20261,10
|
67
|
66
|
|
|
CPS Auto Receivables Trust, Series 2021-A, Class C, 0.83% 9/15/20261,10
|
77
|
76
|
|
|
CPS Auto Receivables Trust, Series 2021-B, Class C, 1.23% 3/15/20271,10
|
2,250
|
2,198
|
|
|
CPS Auto Receivables Trust, Series 2021-B, Class D, 1.52% 3/15/20271,10
|
2,000
|
1,887
|
|
|
CPS Auto Receivables Trust, Series 2022-B, Class D, 5.19% 8/15/20281,10
|
6,000
|
5,822
|
|
|
CPS Auto Receivables Trust, Series 2022-C, Class C, 5.28% 4/15/20301,10
|
3,770
|
3,740
|
|
|
CPS Auto Receivables Trust, Series 2022-C, Class D, 6.45% 4/15/20301,10
|
3,377
|
3,394
|
|
|
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class B, 1.38% 7/15/20301,10
|
2,000
|
1,867
|
|
|
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class C, 1.63% 9/16/20301,10
|
3,000
|
2,763
|
|
|
Credit Acceptance Auto Loan Trust, Series 2022-1A, Class C, 5.70% 10/15/20321,10
|
6,000
|
5,846
|
|
|
Credit Acceptance Auto Loan Trust, Series 2022-1A, Class D, 6.63% 12/15/20321,10
|
8,000
|
7,734
|
|
|
Credit Acceptance Auto Loan Trust, Series 2023-1, Class B, 7.02% 5/16/20331,10
|
7,000
|
7,118
|
|
|
Credit Acceptance Auto Loan Trust, Series 2023-1, Class C, 7.71% 7/15/20331,10
|
10,000
|
10,176
|
|
|
Drive Auto Receivables Trust, Series 2021-3, Class B, 1.11% 5/15/202610
|
3,960
|
3,873
|
|
|
Drive Auto Receivables Trust, Series 2020-2, Class D, 3.05% 5/15/202810
|
200
|
195
|
|
|
DriveTime Auto Owner Trust, Series 2020-2A, Class D, 4.73% 3/16/20261,10
|
850
|
839
|
|
|
DriveTime Auto Owner Trust, Series 2021-1A, Class C, 0.84% 10/15/20261,10
|
100
|
97
|
|
|
DriveTime Auto Owner Trust, Series 2021-1A, Class D, 1.16% 11/16/20261,10
|
100
|
93
|
|
|
DriveTime Auto Owner Trust, Series 2021-2A, Class C, 1.10% 2/16/20271,10
|
616
|
591
|
|
|
DriveTime Auto Owner Trust, Series 2021-2A, Class D, 1.50% 2/16/20271,10
|
277
|
258
|
|
|
DriveTime Auto Owner Trust, Series 2021-3A, Class C, 0.87% 5/17/20271,10
|
2,000
|
1,895
|
|
|
DriveTime Auto Owner Trust, Series 2021-3A, Class D, 1.31% 5/17/20271,10
|
2,000
|
1,811
|
|
|
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class A2R,
(3-month USD-LIBOR + 1.27%) 6.062% 4/15/20281,4,10
|
2,000
|
1,978
|
|
|
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class BR,
(3-month USD-LIBOR + 1.47%) 6.262% 4/15/20281,4,10
|
2,000
|
1,948
|
|
|
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class CR,
(3-month USD-LIBOR + 2.05%) 6.842% 4/15/20281,4,10
|
2,000
|
1,940
|
|
|
Dryden Senior Loan Fund, CLO, Series 2013-28A, Class A2LR,
(3-month USD-LIBOR + 1.65%) 6.514% 8/15/20301,4,10
|
3,000
|
2,940
|
|
|
EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/20451,10
|
137
|
120
|
|
|
Exeter Automobile Receivables Trust, Series 2020-2A, Class C, 3.28% 5/15/20251,10
|
13
|
13
|
|
|
Exeter Automobile Receivables Trust, Series 2020-2, Class D, 4.73% 4/15/20261,10
|
100
|
99
|
|
|
Exeter Automobile Receivables Trust, Series 2019-3, Class E, 4.00% 8/17/20261,10
|
3,595
|
3,514
|
|
|
Exeter Automobile Receivables Trust, Series 2022-2A, Class D, 4.56% 7/17/202810
|
106
|
101
|
|
|
Exeter Automobile Receivables Trust, Series 2022-4A, Class C, 4.92% 12/15/202810
|
9,678
|
9,530
|
|
|
Exeter Automobile Receivables Trust, Series 2022-4A, Class D, 5.98% 12/15/202810
|
5,907
|
5,849
|
|
|
Exeter Automobile Receivables Trust, Series 2022-2A, Class E, 6.34% 10/15/20291,10
|
3,574
|
2,965
|
|
|
Exeter Automobile Receivables Trust, Series 2023-1, Class E, 12.07% 9/16/20301,10
|
6,863
|
6,900
|
|
|
First Investors Auto Owner Trust, Series 2021-1A, Class B, 0.89% 3/15/20271,10
|
300
|
291
|
|
|
First Investors Auto Owner Trust, Series 2021-1A, Class D, 1.62% 3/15/20271,10
|
300
|
277
|
|
|
Fortress Credit BSL, Ltd., CLO, Series 2023-1, Class B1,
(3-month USD CME Term SOFR + 3.00%) 7.775% 4/23/20361,4,10
|
13,282
|
13,282
|
|
|
Freedom Financial, Series 2022-1FP, Class B, 1.91% 3/19/20291,10
|
1,903
|
1,870
|
|
|
GCI Funding I, LLC, Series 2020-1, Class B, 3.81% 10/18/20451,10
|
111
|
99
|
|
American Funds Multi-Sector Income Fund — Page 33 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Asset-backed obligations (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/20461,10
|
USD
2,497
|
$2,061
|
|
|
Global SC Finance SRL, Series 2021-1A, Class B, 2.76% 4/17/20411,10
|
1,584
|
1,362
|
|
|
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/20391,10
|
321
|
305
|
|
|
Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/20401,10
|
361
|
327
|
|
|
Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/20411,10
|
658
|
565
|
|
|
GSAMP Trust, Series 2005-SD2, Class M3, (1-month USD-LIBOR + 1.35%) 6.195% 4/25/20351,4,10
|
626
|
614
|
|
|
Hertz Vehicle Financing III, LLC, Series 2021-A, Class B, 3.65% 6/30/20231,8,10
|
7,110
|
6,930
|
|
|
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class B, 1.56% 12/26/20251,10
|
1,220
|
1,138
|
|
|
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class C, 2.05% 12/26/20251,10
|
2,336
|
2,170
|
|
|
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class B, 2.19% 6/25/20261,10
|
1,776
|
1,650
|
|
|
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class C, 2.63% 6/25/20261,10
|
3,492
|
3,201
|
|
|
Hertz Vehicle Financing III, LLC, Series 2023-1, Class C, 6.91% 6/25/20271,10
|
5,500
|
5,494
|
|
|
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class B, 2.12% 12/27/20271,10
|
1,317
|
1,162
|
|
|
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class C, 2.52% 12/27/20271,10
|
826
|
713
|
|
|
Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/20281,10
|
4,025
|
3,466
|
|
|
Hertz Vehicle Financing III, LLC, Series 2023-2, Class C, 7.13% 9/25/20291,10
|
5,777
|
5,835
|
|
|
KKR Static CLO I, Ltd., Series 2022-1A, Class B, (3-month USD CME Term SOFR + 2.60%) 7.239% 7/20/20311,4,10
|
16,000
|
15,940
|
|
|
LAD Auto Receivables Trust, Series 2021-1A, Class B, 1.94% 11/16/20261,10
|
751
|
705
|
|
|
LAD Auto Receivables Trust, Series 2021-1A, Class C, 2.35% 4/15/20271,10
|
3,000
|
2,750
|
|
|
LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/20271,10
|
3,556
|
3,565
|
|
|
LAD Auto Receivables Trust, Series 2022-1, Class C, 6.85% 4/15/20301,10
|
4,463
|
4,425
|
|
|
Longfellow Place CLO, Ltd., Series 2013-1A, Class AR3, (3-month USD-LIBOR + 1.00%) 5.792% 4/15/20291,4,10
|
591
|
591
|
|
|
Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2,
(3-month USD-LIBOR + 1.00%) 5.815% 7/21/20301,4,10
|
1,957
|
1,937
|
|
|
Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 5.942% 4/15/20291,4,10
|
1,228
|
1,220
|
|
|
Mission Lane Credit Card Master Trust, Series 2021-A, Class A, 1.59% 9/15/20261,10
|
1,140
|
1,107
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-A, Class A, 6.92% 9/15/20271,10
|
11,934
|
11,810
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-A, Class B, 9.20% 9/15/20271,10
|
500
|
490
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-A, Class C, 11.82% 9/15/20271,10
|
9,600
|
9,395
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1, 8.25% 1/15/20288,9,10
|
20,015
|
20,343
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2, 8.73% 1/15/20288,9,10
|
3,200
|
3,252
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class B, 10.42% 1/15/20288,9,10
|
6,980
|
6,975
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class C, 12.09% 1/15/20288,9,10
|
10,745
|
10,770
|
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class D, 14.45% 1/15/20288,9,10
|
3,500
|
3,517
|
|
|
Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 2/18/20701,10
|
2,907
|
2,455
|
|
|
Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/20461,10
|
3,733
|
3,235
|
|
|
Navigator Aircraft ABS, Ltd., Series 2021-1, Class B, 3.571% 11/15/20461,10
|
848
|
701
|
|
|
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 4/20/20621,10
|
2,712
|
2,439
|
|
|
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/20621,10
|
2,513
|
2,276
|
|
|
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/20621,10
|
2,096
|
1,886
|
|
|
Nelnet Student Loan Trust, Series 2021-CA, Class C, 3.36% 4/20/20621,10
|
1,328
|
1,100
|
|
|
Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/20621,10
|
1,889
|
1,551
|
|
|
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/20611,10
|
4,653
|
4,021
|
|
|
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 5.788% 7/25/20301,4,10
|
624
|
618
|
|
|
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class A, 1.59% 5/17/20271,10
|
2,475
|
2,302
|
|
|
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class B, 2.28% 5/17/20271,10
|
1,167
|
1,060
|
|
|
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class C, 2.97% 5/17/20271,10
|
1,148
|
1,028
|
|
|
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class D, 4.94% 5/17/20271,10
|
1,148
|
1,014
|
|
|
Oportun Funding, LLC, Series 2021-A, Class A, 1.21% 3/8/20281,10
|
2,722
|
2,578
|
|
|
Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/20311,10
|
1,727
|
1,560
|
|
|
Oportun Funding, LLC, Series 2021-B, Class B, 1.96% 5/8/20311,10
|
2,958
|
2,587
|
|
|
Oportun Funding, LLC, Series 2021-B, Class C, 3.65% 5/8/20311,10
|
2,525
|
2,253
|
|
|
Oportun Funding, LLC, Series 2021-B, Class D, 5.41% 5/8/20311,10
|
1,000
|
856
|
|
|
Oportun Funding, LLC, Series 2022-A, Class B, 5.25% 6/9/20311,10
|
8,500
|
7,960
|
|
American Funds Multi-Sector Income Fund — Page 34 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Asset-backed obligations (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Palmer Square Loan Funding, CLO, Series 2021-1, Class A2,
(3-month USD-LIBOR + 1.25%) 6.058% 4/20/20291,4,10
|
USD
500
|
$490
|
|
|
Palmer Square Loan Funding, CLO, Series 2021-1, Class B,
(3-month USD-LIBOR + 1.80%) 6.608% 4/20/20291,4,10
|
890
|
863
|
|
|
Palmer Square Loan Funding, CLO, Series 2021-2A, Class A1,
(3-month USD-LIBOR + 0.80%) 5.715% 5/20/20291,4,10
|
317
|
314
|
|
|
Palmer Square Loan Funding, CLO, Series 2021-2A, Class A2,
(3-month USD-LIBOR + 1.25%) 6.165% 5/20/20291,4,10
|
1,000
|
980
|
|
|
Palmer Square Loan Funding, CLO, Series 2021-2A, Class B,
(3-month USD-LIBOR + 1.40%) 6.315% 5/20/20291,4,10
|
500
|
486
|
|
|
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2,
(3-month USD-LIBOR + 1.40%) 6.192% 10/15/20291,4,10
|
4,278
|
4,158
|
|
|
Palmer Square Loan Funding, CLO, Series 2022-5, Class A2,
(3-month USD CME Term SOFR + 2.65%) 7.308% 1/15/20311,4,10
|
15,000
|
14,919
|
|
|
PFS Financing Corp., Series 2022-D, Class A, 4.27% 8/16/20271,10
|
4,546
|
4,469
|
|
|
PFS Financing Corp., Series 2022-D, Class B, 4.90% 8/16/20271,10
|
3,594
|
3,509
|
|
|
PPM CLO, Ltd., Series 2022-6, Class B, (3-month USD CME Term SOFR + 3.60%) 8.175% 1/20/20311,4,10
|
14,933
|
14,781
|
|
|
Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 5.732% 10/15/20301,4,10
|
1,242
|
1,228
|
|
|
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/20301,10
|
16,514
|
16,215
|
|
|
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class B, 6.58% 11/25/20301,10
|
13,833
|
13,123
|
|
|
Rockford Tower CLO, Ltd., Series 2018-2A, Class B, (3-month USD-LIBOR + 1.80%) 6.608% 10/20/20311,4,10
|
1,260
|
1,220
|
|
|
Santander Consumer Auto Receivables Trust, Series 2020-A, Class C, 3.71% 2/17/20261,10
|
200
|
199
|
|
|
Santander Drive Auto Receivables Trust, Series 2022-5, Class B, 4.43% 3/15/202710
|
2,589
|
2,551
|
|
|
Santander Drive Auto Receivables Trust, Series 2021-3, Class C, 0.95% 9/15/202710
|
1,105
|
1,073
|
|
|
Santander Drive Auto Receivables Trust, Series 2021-3, Class D, 1.33% 9/15/202710
|
1,474
|
1,387
|
|
|
Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/202810
|
1,100
|
1,119
|
|
|
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/15/202810
|
8,222
|
8,066
|
|
|
Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/203110
|
3,981
|
4,126
|
|
|
Shackleton CLO, Ltd., Series 2013-4RA, Class A2A, (3-month USD-LIBOR + 1.60%) 6.415% 4/13/20311,4,10
|
2,275
|
2,209
|
|
|
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/20531,10
|
335
|
288
|
|
|
SMB Private Education Loan Trust, Series 2021-A, Class D2, 3.86% 1/15/20531,10
|
11,830
|
10,848
|
|
|
SMB Private Education Loan Trust, Series 2021-A, Class D1, 3.86% 1/15/20531,10
|
9,439
|
8,655
|
|
|
SMB Private Education Loan Trust, Series 2023-A, Class B, 5.88% 1/15/20531,10
|
7,053
|
7,161
|
|
|
SMB Private Education Loan Trust, Series 2022-A, Class D, 4.75% 11/16/20541,10
|
2,083
|
1,924
|
|
|
SMB Private Education Loan Trust, Series 2022-B, Class D, 5.95% 2/16/20551,10
|
13,111
|
12,288
|
|
|
SMB Private Education Loan Trust, Series 2022-D, Class D, 7.23% 10/15/20581,10
|
12,789
|
12,797
|
|
|
SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/20461,10
|
2,711
|
2,364
|
|
|
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 5.872% 4/15/20301,4,10
|
870
|
863
|
|
|
SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/20461,10
|
1,698
|
1,523
|
|
|
Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/20411,10
|
1,641
|
1,426
|
|
|
Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/20331,10
|
1,333
|
1,232
|
|
|
Stonepeak Infrastructure Partners, Series 2021-1A, Class B, 3.821% 2/28/20331,10
|
1,256
|
1,082
|
|
|
Stratus Static CLO, Ltd., Series 2022-1A, Class B, (3-month USD CME Term SOFR + 2.35%) 6.989%
7/20/20301,4,10
|
11,140
|
11,097
|
|
|
Stratus Static CLO, Ltd., Series 2022-3, Class B, (3-month USD CME Term SOFR + 3.05%) 7.127% 10/20/20311,4,10
|
23,000
|
23,035
|
|
|
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/20751,10
|
3,100
|
2,850
|
|
|
Texas Natural Gas Securitization Finance Corp., Series 2023-1, Class A2, 5.169% 4/1/204110
|
11,453
|
12,140
|
|
|
Textainer Marine Containers, Ltd., Series 2020-1A, Class B, 4.94% 8/21/20451,10
|
1,902
|
1,798
|
|
|
Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/20451,10
|
369
|
324
|
|
|
Textainer Marine Containers, Ltd., Series 2021-1A, Class B, 2.52% 2/20/20461,10
|
307
|
259
|
|
|
Textainer Marine Containers, Ltd., Series 2021-2A, Class B, 2.82% 4/20/20461,10
|
847
|
697
|
|
|
TIF Funding II, LLC, Series 2020-1A, Class B, 3.82% 8/20/20451,10
|
1,118
|
993
|
|
|
TIF Funding II, LLC, Series 2021-1A, Class B, 2.54% 2/20/20461,10
|
1,829
|
1,513
|
|
|
Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/20451,10
|
347
|
305
|
|
|
Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/20461,10
|
3,017
|
2,524
|
|
American Funds Multi-Sector Income Fund — Page 35 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Asset-backed obligations (continued)
|
|
Principal amount
(000)
|
Value
(000)
|
|
Westlake Automobile Receivables Trust, Series 2022-2A, Class D, 5.48% 9/15/20271,10
|
USD
7,813
|
$7,650
|
|
|
Westlake Automobile Receivables Trust, Series 2023-2, Class D, 7.01% 11/15/20281,10
|
17,928
|
18,019
|
|
|
|
|
|
687,395
|
|
U.S. Treasury bonds & notes 4.36%
U.S. Treasury 4.36%
|
|
|
|
|
U.S. Treasury 4.00% 2/15/2026
|
3,254
|
3,268
|
|
|
U.S. Treasury 4.00% 2/29/2028
|
27,122
|
27,611
|
|
|
U.S. Treasury 3.625% 3/31/2028
|
34,093
|
34,152
|
|
|
U.S. Treasury 4.00% 2/28/2030
|
618
|
634
|
|
|
U.S. Treasury 4.125% 11/15/2032
|
152
|
160
|
|
|
U.S. Treasury 3.50% 2/15/203311
|
132,626
|
132,833
|
|
|
U.S. Treasury 4.25% 5/15/203911
|
117,265
|
126,660
|
|
|
U.S. Treasury 3.875% 2/15/2043
|
12,955
|
13,070
|
|
|
U.S. Treasury 4.00% 11/15/205211
|
81,106
|
86,085
|
|
|
|
|
|
424,473
|
|
Municipals 0.33%
California 0.03%
|
|
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B-1,
1.85% 6/1/2031
|
160
|
159
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B,
2.746% 6/1/2034
|
65
|
55
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1,
3.487% 6/1/2036
|
1,490
|
1,249
|
|
|
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1,
3.714% 6/1/2041
|
2,235
|
1,754
|
|
|
Regents of the University of California, General Rev. Bonds, Series 2020-BG, 1.614% 5/15/2030
|
35
|
29
|
|
|
|
|
|
3,246
|
|
Florida 0.00%
|
|
|
|
|
County of Broward, Airport System Rev. Ref. Bonds, Series 2019-C, 3.477% 10/1/2043
|
75
|
64
|
|
|
Illinois 0.04%
|
|
|
|
|
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A,
Assured Guaranty Municipal insured, 5.00% 12/1/2034
|
150
|
155
|
|
|
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2022-A,
4.00% 12/1/2047
|
4,020
|
3,403
|
|
|
G.O. Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033
|
90
|
90
|
|
|
Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds,
Capital Appreciation Bonds, Series 2017-A, Assured Guaranty Municipal insured, 0% 12/15/2056
|
1,810
|
349
|
|
|
|
|
|
3,997
|
|
Kansas 0.03%
|
|
|
|
|
City of Manhattan, Health Care Facs. Rev. Bonds (Meadowlark Hills), Series 2021-B, 2.44% 6/1/2025
|
2,760
|
2,684
|
|
|
Ohio 0.06%
|
|
|
|
|
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project),
Series 2021, 4.425% 5/1/2031
|
6,340
|
5,499
|
|
|
Higher Educational Facs. Commission, Healthcare Fac. Rev. Bonds (Judson Obligated Group 2020 Project),
Series 2020-A, 3.75% 12/1/2023
|
310
|
304
|
|
|
|
|
|
5,803
|
American Funds Multi-Sector Income Fund — Page 36 of 43
unaudited
|
Bonds, notes & other debt instruments (continued)
Municipals (continued)
Puerto Rico 0.15%
|
|
Principal amount
(000)
|
Value
(000)
|
|
G.O. Restructured Bonds, Series 2022-A-1, 5.25% 7/1/2023
|
USD
490
|
$491
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 5.375% 7/1/2025
|
977
|
993
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2027
|
968
|
1,001
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 5.625% 7/1/2029
|
953
|
996
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 5.75% 7/1/2031
|
925
|
983
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2033
|
877
|
791
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2035
|
789
|
689
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2037
|
677
|
574
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2041
|
920
|
749
|
|
|
G.O. Restructured Bonds, Series 2022-A-1, 4.00% 7/1/2046
|
957
|
749
|
|
|
G.O. Restructured Bonds, Capital Appreciation Bonds, Series 2022-A-1, 0% 7/1/2024
|
293
|
276
|
|
|
G.O. Restructured Bonds, Capital Appreciation Bonds, Series 2022-A-1, 0% 7/1/2033
|
1,129
|
641
|
|
|
G.O. Taxable Bonds, Capital Appreciation Bonds, Series 2022, 0% 11/1/2043
|
4,143
|
1,807
|
|
|
Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, Capital Appreciation Bonds, Series 2018-A-1,
0% 7/1/2046
|
14,745
|
3,872
|
|
|
|
|
|
14,612
|
|
Washington 0.02%
|
|
|
|
|
Econ. Dev. Fin. Auth., Environmental Facs. Rev. Bonds (North Pacific Paper Co. Recycling Project), Series 2020-B,
9.00% 12/1/20361
|
2,000
|
1,943
|
|
|
Total municipals
|
|
|
32,349
|
|
Total bonds, notes & other debt instruments (cost: $9,752,075,000)
|
|
|
9,357,258
|
|
Convertible bonds & notes 0.00%
Energy 0.00%
|
|
|
|
|
Mesquite Energy, Inc., convertible notes, 13.14% Cash 7/15/20231,6,8
|
3
|
3
|
|
|
Total convertible bonds & notes (cost: $3,000)
|
|
|
3
|
|
Common stocks 0.06%
Energy 0.06%
|
|
Shares
|
|
|
Chesapeake Energy Corp.
|
75,595
|
5,748
|
|
|
California Resources Corp.
|
633
|
24
|
|
|
Mesquite Energy, Inc.8,12
|
126
|
1
|
|
|
|
|
|
5,773
|
|
Consumer discretionary 0.00%
|
|
|
|
|
NMG Parent, LLC8,12
|
309
|
43
|
|
|
MYT Holding Co., Class B8,12
|
8,984
|
9
|
|
|
|
|
|
52
|
|
Total common stocks (cost: $3,902,000)
|
|
|
5,825
|
|
Preferred securities 0.00%
Industrials 0.00%
|
|
|
|
|
ACR III LSC Holdings, LLC, Series B, preferred shares1,8,12
|
5
|
3
|
|
|
Total preferred securities (cost: $5,000)
|
|
|
3
|
American Funds Multi-Sector Income Fund — Page 37 of 43
unaudited
|
Rights & warrants 0.00%
Consumer discretionary 0.00%
|
|
Shares
|
Value
(000)
|
|
NMG Parent, LLC, warrants, expire 9/24/202712
|
374
|
$8
|
|
|
Total rights & warrants (cost: $2,000)
|
|
|
8
|
|
Short-term securities 3.17%
Money market investments 3.17%
|
|
|
|
|
Capital Group Central Cash Fund 4.86%13,14
|
3,086,096
|
308,610
|
|
|
Total short-term securities (cost: $308,537,000)
|
|
|
308,610
|
|
Total investment securities 99.37% (cost: $10,064,524,000)
|
|
|
9,671,707
|
|
Other assets less liabilities 0.63%
|
|
|
60,925
|
|
Net assets 100.00%
|
|
|
$9,732,632
|
Futures contracts
|
Contracts
|
Type
|
Number of
contracts
|
Expiration
|
Notional
amount
(000)
|
Value and
unrealized
(depreciation)
appreciation
at 3/31/2023
(000)
|
|
30 Day Federal Funds Futures
|
Long
|
1,649
|
April 2023
|
USD
654,053
|
$(211
)
|
|
30 Day Federal Funds Futures
|
Long
|
810
|
May 2023
|
320,853
|
326
|
|
90 Day Eurodollar Futures
|
Long
|
3,288
|
September 2023
|
782,010
|
(32,835
)
|
|
90 Day Eurodollar Futures
|
Short
|
3,597
|
December 2023
|
(858,244
)
|
32,116
|
|
2 Year U.S. Treasury Note Futures
|
Long
|
10,918
|
June 2023
|
2,254,055
|
6,213
|
|
5 Year U.S. Treasury Note Futures
|
Short
|
2,044
|
June 2023
|
(223,834
)
|
(49
)
|
|
10 Year Euro-Bund Futures
|
Short
|
34
|
June 2023
|
(5,009
)
|
(181
)
|
|
10 Year U.S. Treasury Note Futures
|
Long
|
742
|
June 2023
|
85,272
|
1,751
|
|
10 Year Ultra U.S. Treasury Note Futures
|
Short
|
10,176
|
June 2023
|
(1,232,727
)
|
(33,441
)
|
|
20 Year U.S. Treasury Bond Futures
|
Long
|
945
|
June 2023
|
123,943
|
5,142
|
|
30 Year Ultra U.S. Treasury Bond Futures
|
Short
|
3,277
|
June 2023
|
(462,467
)
|
(19,475
)
|
|
|
|
|
|
|
$(40,644
)
|
Forward currency contracts
|
Contract amount
|
Counterparty
|
Settlement
date
|
Unrealized
depreciation
at 3/31/2023
(000)
|
|||
|
Currency purchased
(000)
|
Currency sold
(000)
|
|||||
|
USD
|
12,531
|
EUR
|
11,818
|
Citibank
|
4/17/2023
|
$(298
)
|
|
USD
|
117
|
EUR
|
110
|
JPMorgan Chase
|
4/18/2023
|
(2
)
|
|
|
|
|
|
|
|
$(300
)
|
American Funds Multi-Sector Income Fund — Page 38 of 43
unaudited
Swap contracts
Credit default swaps
Centrally cleared credit default swaps on credit indices — buy protection
|
Reference
index
|
Financing
rate paid
|
Payment
frequency
|
Expiration
date
|
Notional
amount
(000)
|
Value at
3/31/2023
(000)
|
Upfront
premium
received
(000)
|
Unrealized
depreciation
at 3/31/2023
(000)
|
|
CDX.NA.IG.40
|
1.00%
|
Quarterly
|
6/20/2028
|
USD744,841
|
$(8,402
)
|
$(5,875
)
|
$(2,527
)
|
Centrally cleared credit default swaps on credit indices — sell protection
|
Financing
rate received
|
Payment
frequency
|
Reference
index
|
Expiration
date
|
Notional
amount15
(000)
|
Value at
3/31/202316
(000)
|
Upfront
premium
paid
(000)
|
Unrealized
appreciation
at 3/31/2023
(000)
|
|
5.00%
|
Quarterly
|
CDX.NA.HY.40
|
6/20/2028
|
USD200,000
|
$2,980
|
$250
|
$2,730
|
Investments in affiliates14
|
|
Value of
affiliate at
1/1/2023
(000)
|
Additions
(000)
|
Reductions
(000)
|
Net
realized
gain
(000)
|
Net
unrealized
depreciation
(000)
|
Value of
affiliate at
3/31/2023
(000)
|
Dividend
income
(000)
|
|
Short-term securities 3.17%
|
|||||||
|
Money market investments 3.17%
|
|
|
|
|
|
|
|
|
Capital Group Central Cash Fund 4.86%13
|
$480,995
|
$644,415
|
$816,844
|
$69
|
$(25
)
|
$308,610
|
$4,245
|
Restricted securities9
|
|
Acquisition
date
|
Cost
(000)
|
Value
(000)
|
Percent
of net
assets
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1,
8.25% 1/15/20288,10
|
12/6/2022
|
$20,013
|
$20,343
|
.21
%
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class C,
12.09% 1/15/20288,10
|
12/6/2022
|
10,745
|
10,770
|
.11
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class B,
10.42% 1/15/20288,10
|
12/6/2022
|
6,980
|
6,975
|
.07
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class D,
14.45% 1/15/20288,10
|
12/6/2022
|
3,500
|
3,517
|
.04
|
|
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2,
8.73% 1/15/20288,10
|
12/6/2022
|
3,199
|
3,252
|
.03
|
|
NBM US Holdings, Inc. 6.625% 8/6/2029
|
9/22/2020
|
526
|
463
|
.01
|
|
Total
|
|
$44,963
|
$45,320
|
.47
%
|
American Funds Multi-Sector Income Fund — Page 39 of 43
unaudited
|
1
|
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities
Act of 1933. May be resold in
the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such
securities was $4,279,266,000, which
represented 43.97% of the net assets of the fund.
|
|
2
|
Step bond; coupon rate may change at a later date.
|
|
3
|
Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all
such loans was $109,304,000, which
represented 1.12% of the net assets of the fund.
|
|
4
|
Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon
rates are determined by the
issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.
|
|
5
|
Scheduled interest and/or principal payment was not received.
|
|
6
|
Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are
as of the most recent payment when
available.
|
|
7
|
Amount less than one thousand.
|
|
8
|
Value determined using significant unobservable inputs.
|
|
9
|
Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities
Act of 1933. The total value of all
such restricted securities was $45,320,000, which represented .47% of the net assets of the fund.
|
|
10
|
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity
date.
|
|
11
|
All or a portion of this security was pledged as collateral. The total value of pledged collateral was $61,321,000, which
represented .63% of the net assets of
the fund.
|
|
12
|
Security did not produce income during the last 12 months.
|
|
13
|
Rate represents the seven-day yield at 3/31/2023.
|
|
14
|
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
|
|
15
|
The maximum potential amount the fund may pay as a protection seller should a credit event occur.
|
|
16
|
The prices and resulting values for credit default swap indices serve as an indicator of the current status of the payment/performance
risk. As the value of a
sell protection credit default swap increases or decreases, when compared to the notional amount of the swap, the payment/performance
risk may decrease
or increase, respectively.
|
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once
daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Security transactions are recorded by the fund as of the date the trades are executed with brokers.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic
conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported
sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking
any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
American Funds Multi-Sector Income Fund — Page 40 of 43
unaudited
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party
pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of
inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these
classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
|
Fixed-income class
|
Examples of standard inputs
|
|
All
|
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
|
|
Corporate bonds, notes & loans; convertible securities
|
Standard inputs and underlying equity of the issuer
|
|
Bonds & notes of governments & government agencies
|
Standard inputs and interest rate volatilities
|
|
Mortgage-backed; asset-backed obligations
|
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
|
|
Municipal securities
|
Standard inputs and, for certain distressed securities, cash flows or
liquidation values using a net present value calculation based on inputs
that include, but are not limited to, financial statements and debt contracts
|
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers,
are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the
futures are being valued. The average month-end notional amount of futures contracts while held was $4,947,901,000. Forward currency contracts are valued
based on the spot and forward exchange rates obtained from a third-party pricing vendor. The average month-end notional amount of open
forward currency contracts while held was $12,592,000. Swaps are generally valued using evaluated prices obtained from third-party pricing
vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant
curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract. The average month-end notional
amounts of credit default swaps while held were $447,256,000.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities
and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment
adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned
to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of the security, relevant financial or business
developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related
corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition,
the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the
close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively
trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions,
as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to
better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are
also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
American Funds Multi-Sector Income Fund — Page 41 of 43
unaudited
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based
on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading
outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the
close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the
risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine
fair value may not always be quoted prices in an active market. The following tables present the fund’s valuation levels as of March 31, 2023 (dollars in thousands):
|
|
Investment securities
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Bonds, notes & other debt instruments:
|
|
|
|
|
|
Corporate bonds, notes & loans
|
$—
|
$6,704,593
|
$—
|
$6,704,593
|
|
Bonds & notes of governments & government agencies
outside the U.S.
|
—
|
760,505
|
900
|
761,405
|
|
Mortgage-backed obligations
|
—
|
719,708
|
27,335
|
747,043
|
|
Asset-backed obligations
|
—
|
635,608
|
51,787
|
687,395
|
|
U.S. Treasury bonds & notes
|
—
|
424,473
|
—
|
424,473
|
|
Municipals
|
—
|
32,349
|
—
|
32,349
|
|
Convertible bonds & notes
|
—
|
—
|
3
|
3
|
|
Common stocks
|
5,772
|
—
|
53
|
5,825
|
|
Preferred securities
|
—
|
—
|
3
|
3
|
|
Rights & warrants
|
—
|
8
|
—
|
8
|
|
Short-term securities
|
308,610
|
—
|
—
|
308,610
|
|
Total
|
$314,382
|
$9,277,244
|
$80,081
|
$9,671,707
|
|
|
Other investments*
|
|||
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets:
|
|
|
|
|
|
Unrealized appreciation on futures contracts
|
$45,548
|
$—
|
$—
|
$45,548
|
|
Unrealized appreciation on centrally cleared credit default swaps
|
—
|
2,730
|
—
|
2,730
|
|
Liabilities:
|
|
|
|
|
|
Unrealized depreciation on futures contracts
|
(86,192
)
|
—
|
—
|
(86,192
)
|
|
Unrealized depreciation on open forward currency contracts
|
—
|
(300
)
|
—
|
(300
)
|
|
Unrealized depreciation on centrally cleared credit default swaps
|
—
|
(2,527
)
|
—
|
(2,527
)
|
|
Total
|
$(40,644
)
|
$(97
)
|
$—
|
$(40,741
)
|
*
Futures contracts, forward currency contracts and credit default swaps are not included in the fund’s investment portfolio.
|
Key to abbreviations
|
|
Assn. = Association
|
|
Auth. = Authority
|
|
CLO = Collateralized Loan Obligations
|
|
CME = CME Group
|
|
CMO = Collateralized Mortgage Obligations
|
|
DAC = Designated Activity Company
|
|
Dev. = Development
|
|
Econ. = Economic
|
|
EUR = Euros
|
|
EURIBOR = Euro Interbank Offered Rate
|
|
Fac. = Facility
|
|
|
|
Facs. = Facilities
|
|
Fin. = Finance
|
|
Fncg. = Financing
|
|
G.O. = General Obligation
|
|
LIBOR = London Interbank Offered Rate
|
|
PIK = Payment In Kind
|
|
Ref. = Refunding
|
|
REIT = Real Estate Investment Trust
|
|
Rev. = Revenue
|
|
SOFR = Secured Overnight Financing Rate
|
|
USD = U.S. dollars
|
American Funds Multi-Sector Income Fund — Page 42 of 43
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information
is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before
investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All
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