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AABDX American Beacon Intermediate Bd Instl

  • Fund
  • AABDX
  • Price as of: Jan 06, 2004
  • $10.32
  • + $0.05
  • + 0.49%
  • Category
  • Total Bond Market

AABDX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return N/A
  • Net Assets $337 M
  • Holdings in Top 10 43.2%

52 WEEK LOW AND HIGH

$10.32
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2015-08-20

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.30%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Beacon Intermediate Bond Fund
  • Fund Family Name American Beacon
  • Inception Date Mar 01, 1999
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick A. Sporl

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in fixed-income securities. It will only buy debt securities that are determined by the Manager or sub-advisor to be investment grade at the time of purchase. Under normal circumstances, the fund seeks to maintain a duration of three to seven years.

AABDX - Performance

Return Ranking - Trailing

Period AABDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 14.2% 10.98% 1
1 Yr 0.6% -15.5% 21.5% 33.01% 2
3 Yr 1.4% * -6.1% 11.4% 60.22% 4
5 Yr N/A * -2.4% 14.8% N/A N/A
10 Yr N/A * -0.7% 9.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period AABDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.0% -10.9% 25.1% 49.52% 4
2016 0.0% -11.1% 192.8% 44.02% 4
2015 0.0% -33.0% 5.1% 3.63% 1
2014 0.0% -24.1% 20.8% 36.80% 3
2013 0.0% -13.1% 40.4% 10.52% 1

Total Return Ranking - Trailing

Period AABDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 14.2% 10.93% 1
1 Yr 0.6% -15.5% 21.5% 25.77% 2
3 Yr 1.5% * -7.0% 11.4% 51.00% 3
5 Yr N/A * -2.8% 14.8% N/A N/A
10 Yr N/A * -0.7% 9.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AABDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.0% -9.5% 25.1% 50.37% 4
2016 0.0% -11.1% 195.3% 54.52% 4
2015 0.0% -32.5% 16.5% 17.17% 2
2014 0.0% -9.9% 58.5% 55.27% 4
2013 0.0% -12.9% 58.3% 21.30% 2

NAV & Total Return History

AABDX - Holdings

Filings data as of: Sep 30, 2015

Concentration Analysis

AABDX Category Low Category High AABDX % Rank Quintile
Net Assets 337 M 319 K 198 B 21.31% 4
Number of Holdings 202 1 17412 20.91% 4
Net Assets in Top 10 159 M -36 B 52.1 B 15.16% 3
Weighting of Top 10 43.2% 0.0% 1093.9% 10.73% 2

Top 10 Holdings

  1. US Treasury Note 2% 8.73%
  2. US Treasury Note 0.875% 7.38%
  3. US Treasury Note 2% 6.43%
  4. US Treasury Note 2.375% 4.92%
  5. US Treasury Note 1.625% 2.96%
  6. US Treasury Note 1.75% 2.87%
  7. US Treasury Note 1.375% 2.76%
  8. US Treasury Note 1.375% 2.72%
  9. Fed Natl Mort Assc 3.5% 2.27%
  10. US Treasury Note 2.5% 2.13%

Asset Allocation

Weighting Category Low Category High AABDX % Rank Quintile
Bonds
90.77% -190.82% 562.01% 19.02% 4
Cash
9.23% -461.99% 275.92% 9.36% 2
Stocks
0.00% -2.63% 98.61% 5.70% 5
Preferred Stocks
0.00% -0.12% 22.98% 7.27% 5
Other
0.00% -18.46% 99.99% 12.46% 5
Convertible Bonds
0.00% 0.00% 13.10% 8.80% 5

Bond Sector Breakdown

Weighting Category Low Category High AABDX % Rank Quintile
Government
51.20% -389.49% 503.27% 3.26% 1
Securitized
24.45% 0.00% 118.59% 19.58% 4
Corporate
15.12% 0.00% 221.70% 30.32% 5
Cash & Equivalents
9.23% -462.00% 275.92% 9.10% 2
Derivative
0.00% -106.77% 65.32% 3.97% 4
Municipal
0.00% 0.00% 98.98% 12.36% 5

Bond Geographic Breakdown

Weighting Category Low Category High AABDX % Rank Quintile
US
87.38% -370.09% 500.82% 10.68% 2
Non US
3.39% -440.41% 351.70% 27.16% 5

AABDX - Expenses

Operational Fees

AABDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.32% 0.00% 44.72% 12.63% 1
Management Fee 0.20% 0.00% 2.15% 3.97% 1
12b-1 Fee 0.00% 0.00% 1.00% 3.00% 1
Administrative Fee 0.30% 0.00% 0.63% 0.69% 5

Sales Fees

AABDX Fees (% of AUM) Category Low Category High AABDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

AABDX Fees (% of AUM) Category Low Category High AABDX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AABDX Fees (% of AUM) Category Low Category High AABDX Rank Quintile
Turnover 41.00% 0.00% 1576.00% 15.32% 2

AABDX - Distributions

Dividend Yield Analysis

AABDX Category Low Category High AABDX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.35% 15.84% 2

Dividend Distribution Analysis

AABDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AABDX Category Low Category High AABDX % Rank Quintile
Net Income Ratio 2.30% -1.56% 9.28% 11.36% 3

Capital Gain Distribution Analysis

AABDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AABDX - Managers

Patrick A. Sporl

Manager

Start Date

Jan 31, 1999

Tenure

16.76

Tenure Rank

1.2%

Patrick Sporl serves as a Senior Portfolio Manager for intermediate and short-term bond portfolios. Mr. Sporl joined American Beacon in February 1996. Prior to American Beacon, Mr. Sporl worked in the Controller’s Department of American Airlines and as a Staff Auditor for Deloitte & Touche in San Francisco. He has a BS in Business Administration from the University of the Pacific and received his MBA in Finance from the University of Texas at Arlington in 1997. Mr. Sporl is an inactive CPA and is a CFA charterholder.


Adriana R. Posada

Manager

Start Date

Oct 01, 1998

Tenure

17.09

Tenure Rank

1.1%

Adriana Posada joined American Beacon in 1993 and serves as Senior Portfolio Manager, Asset Management Department at American Beacon. She is responsible for monitoring the external domestic equity and fixed income advisors to the American Beacon Funds and AMR’s pension plans. Ms. Posada is a Trustee of the Irving Firefighters Relief and Retirement Fund. Ms. Posada received her BS in Mathematics from the Universidad de Los Andes, MS in Mathematics from the University of Houston, and MS in Actuarial Science from the University of Michigan.


Mark C. Luchsinger

Manager

Start Date

Dec 31, 1998

Tenure

16.84

Tenure Rank

1.1%

Mr. Luchsinger joined Barrow, Hanley, Mewhinney & Strauss, LLC in 1997. He currently serves as a portfolio manager, specializing in investment-grade and high-yield corporate bond strategies, and is the lead portfolio manager for Core and Core Plus strategies. He is also a generalist in investment grade and high yield credit research. Mr. Luchsinger is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 33-year investment career, Mr. Luchsinger has served as Chief Investment Officer for Great American Reserve Insurance Company, where he was responsible for the management of corporate, mortgage, and private placement fixed income, as well as equity assets. He has also served as senior investment portfolio manager for Western Preferred Corporation, managing their fixed income assets. Mr. Luchsinger began his career as a credit analyst for Scor Reinsurance Company. In addition, he spent 10 years in fixed income sales at First Boston Corporation, PaineWebber and Morgan Keegan. He earned a BBA from Bowling Green State University. Mr. Luchsinger has served as a portfolio manager for the Fund since 2010.


Deborah A. Petruzzelli

Manager

Start Date

Dec 31, 2003

Tenure

11.84

Tenure Rank

2.4%

Ms. Petruzzelli joined BHMS in May 2003 as a Portfolio Manager. Her primary area of responsibility is mortgage-backed, asset-backed, and commercial mortgage-backed securities, for which she serves as lead analyst and strategist. Ms. Petruzzelli also serves as a member of BHMS’s fixed income group’s investment strategy committee. She earned a BSBA in Business Administration from Bowling Green State University in 1986. During her 24-year investment career, Ms. Petruzzelli has served as managing director/senior portfolio manager for Victory Capital Management, Inc., where she was responsible for the management of ABS, CMBS, and whole-loan sectors for all client portfolios. Prior to joining Victory, she worked for McDonald & Company Securities, Inc., as senior vice president for ABS syndication and traded ABS, CMO, and MBS.


Erin Higginbotham

Manager

Start Date

Mar 01, 2011

Tenure

4.67

Tenure Rank

6.7%

Ms. Higginbotham has served as Portfolio Manager since February 2011. She has responsibility for credit and relative value analysis of corporate bonds. Ms. Higginbotham managed enhanced cash and money market portfolios at American Beacon Advisors and has been a Portfolio Manager since April 2003.


Samuel Silver

Manager

Start Date

Feb 28, 2014

Tenure

1.67

Tenure Rank

9.0%

Samuel Silver oversees the team responsible for the portfolio management of the American Beacon Short-Term Bond Fund and a portion of the fixed-income assets of the American Beacon Balanced Fund, American Beacon Retirement Income and Appreciation Fund, and American Beacon Intermediate Bond Fund. Mr. Silver has been with the Manager since September 1999 and has served as Vice President, Fixed Income Investments since October 2011. Prior to October 2011, Mr. Silver was a Senior Portfolio Manager, Fixed Income Investments. The team responsible for the day-to-day portfolio management of the American Beacon Balanced Fund, American Beacon Retirement Income and Appreciation Fund, American Beacon Intermediate Bond Fund and American Beacon Short-Term Bond Fund includes Patrick A. Sporl and Erin Higginbotham.


John S. Williams

Manager

Start Date

Sep 15, 1997

Tenure

18.14

Tenure Rank

0.9%

Mr. Williams joined BHMS in 1983 to launch its fixed income management. Currently, he serves as the Chief Investment Officer for all fixed income strategies. In addition to developing portfolio strategy, he is responsible for risk management and assists on MBS sector management. While at BHMS, he has served on the United Asset Management Board and the Advisory Board for the Teacher Retirement System of Texas. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 38-year investment career, he served as an investment officer for Southland Life Insurance Company, where he was a corporate bond portfolio manager and private placement analyst. Prior to that, he was a portfolio manager for taxable and tax-exempt fixed income, as well as equities, in the trust department at InterFirst Bank Dallas. He earned an MBA and a BBA, both with Honors, from Texas Christian University. Mr. Williams has served as a portfolio manager for the Fund since 2010.


David R. Hardin

Manager

Start Date

Sep 15, 1997

Tenure

18.14

Tenure Rank

0.9%

Mr. Hardin joined BHMS in 1987 as a portfolio manager. Currently, he serves as the lead portfolio manager for Intermediate and Short maturity strategies and is a generalist in fixed income credit research. He also manages BHMS’ municipal portfolios. Prior to joining BHMS, Mr. Hardin was vice president and director of the fixed income group in the trust department at Republic Bank Dallas. He was responsible for the management of all fixed income assets, created and managed SEC-registered mutual funds, and was the first portfolio manager for their high-yield corporate bond fund. Mr. Hardin began his 38-year investment career at American General Insurance Co. in Houston, where he served as a private placement portfolio manager and credit analyst. He received an M.Sc. from the London School of Economics and a BBA from Texas Christian University. Mr. Hardin has served as a portfolio manager for the Fund since 2010.


J. Scott McDonald

Manager

Start Date

Dec 31, 1998

Tenure

16.84

Tenure Rank

1.1%

Mr. McDonald joined BHMS in 1995. He currently serves as the lead portfolio manager for Long Duration strategies, specializing in corporate and government bonds. He is also a generalist in investment grade fixed income credit research. Mr. McDonald is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 25-year investment career, Mr. McDonald previously served as senior vice president and portfolio manager at Life Partners Group, Inc., managing corporate bonds, private placements and mortgages. While with Life Partners, he was responsible for implementing the investment strategy for their life insurance and annuity assets. Prior to that, he was a credit supervisor and lending officer for Chase Bank of Texas. He received an MBA from the University of Texas and a BBA from Southern Methodist University. Mr. McDonald has served as a portfolio manager for the Fund since 2010.


Gene L. Needles

Manager

Start Date

Feb 29, 2012

Tenure

3.67

Tenure Rank

7.4%

Mr. Needles has served as President and Chief Executive Officer of American Beacon Advisors, Inc. since April 2009 and has served on the portfolio management team since May 2011. Prior to joining the firm, Mr. Needles was President of Touchstone Investments from 2008 to 2009, President of AIM Distributors from 2003 to 2007 and CEO of AIM Distributors from 2004 to 2007.


Tenure Analysis

Category Low

0.0

Category High

29.6

Category Average

6.52

Category Mode

3.6