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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.91

$804 M

8.68%

$0.95

1.30%

Vitals

YTD Return

-9.8%

1 yr return

0.5%

3 Yr Avg Return

6.8%

5 Yr Avg Return

N/A

Net Assets

$804 M

Holdings in Top 10

93.0%

52 WEEK LOW AND HIGH

$11.0
$10.28
$14.65

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 195.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Tactical Allocation


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.91

$804 M

8.68%

$0.95

1.30%

AHTAX - Profile

Distributions

  • YTD Total Return -9.8%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.06%
DIVIDENDS
  • Dividend Yield 8.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    American Beacon AHL TargetRisk Fund
  • Fund Family Name
    American Beacon
  • Inception Date
    Apr 30, 2019
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Russell Korgaonkar

Fund Description

The fund seeks to achieve its investment objective by allocating all or substantially all of its assets across equities, bonds, interest rates, corporate credit, and commodities primarily through derivative instruments. It invests primarily in futures (including equity index futures, interest rate futures, bond futures and government bond futures, such as treasury futures), swaps (including commodity swaps, credit default swaps, currency swaps, interest rate swaps, and total return swaps) and forward contracts, but also may invest in other types of derivative instruments. The fund is non-diversified.


AHTAX - Performance

Return Ranking - Trailing

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.8% -33.9% 32.5% 55.88%
1 Yr 0.5% -32.3% 35.7% 13.33%
3 Yr 6.8%* -2.4% 24.0% 46.75%
5 Yr N/A* -0.9% 15.2% N/A
10 Yr N/A* -2.0% 11.5% N/A

* Annualized

Return Ranking - Calendar

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
2021 -4.6% -19.0% 48.3% 77.48%
2020 4.5% -16.5% 52.8% 56.56%
2019 N/A -10.4% 27.3% N/A
2018 N/A -29.6% 2.4% N/A
2017 N/A -11.6% 29.4% N/A

Total Return Ranking - Trailing

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.8% -33.9% 32.5% 50.74%
1 Yr -5.3% -32.3% 35.7% 42.96%
3 Yr 4.7%* -2.5% 24.0% 65.45%
5 Yr N/A* -1.4% 15.2% N/A
10 Yr N/A* -2.0% 11.5% N/A

* Annualized

Total Return Ranking - Calendar

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
2021 -4.6% -19.0% 48.3% 77.10%
2020 4.5% -16.5% 52.8% 56.56%
2019 N/A -10.4% 27.3% N/A
2018 N/A -29.6% 2.4% N/A
2017 N/A -5.4% 29.4% N/A

NAV & Total Return History


AHTAX - Holdings

Concentration Analysis

AHTAX Category Low Category High AHTAX % Rank
Net Assets 804 M 1.96 M 15.7 B 20.15%
Number of Holdings 13 2 3255 79.85%
Net Assets in Top 10 725 M 349 K 12.1 B 20.15%
Weighting of Top 10 92.95% 22.2% 100.0% 20.94%

Top 10 Holdings

  1. American Beacon Cayman Targetrisk Co Ltd 21.66%
  2. American Beacon Cayman Targetrisk Co Ltd 21.66%
  3. American Beacon Cayman Targetrisk Co Ltd 21.66%
  4. American Beacon Cayman Targetrisk Co Ltd 21.66%
  5. American Beacon Cayman Targetrisk Co Ltd 21.66%
  6. American Beacon Cayman Targetrisk Co Ltd 21.66%
  7. American Beacon Cayman Targetrisk Co Ltd 21.66%
  8. American Beacon Cayman Targetrisk Co Ltd 21.66%
  9. American Beacon Cayman Targetrisk Co Ltd 21.66%
  10. American Beacon Cayman Targetrisk Co Ltd 21.66%

Asset Allocation

Weighting Return Low Return High AHTAX % Rank
Bonds
96.15% 0.00% 194.08% 6.23%
Cash
3.85% -163.86% 88.88% 60.07%
Stocks
0.00% 0.00% 238.38% 93.77%
Preferred Stocks
0.00% 0.00% 6.21% 45.05%
Other
0.00% -72.87% 73.78% 75.09%
Convertible Bonds
0.00% 0.00% 8.92% 65.57%

Bond Sector Breakdown

Weighting Return Low Return High AHTAX % Rank
Government
96.15% 0.00% 99.78% 4.76%
Cash & Equivalents
3.85% 0.22% 100.00% 90.48%
Derivative
0.00% 0.00% 72.21% 61.17%
Securitized
0.00% 0.00% 52.99% 61.54%
Corporate
0.00% 0.00% 98.30% 75.09%
Municipal
0.00% 0.00% 19.13% 50.55%

Bond Geographic Breakdown

Weighting Return Low Return High AHTAX % Rank
US
67.29% -17.22% 123.28% 10.26%
Non US
28.86% -2.67% 70.80% 9.89%

AHTAX - Expenses

Operational Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.44% 3.72% 59.56%
Management Fee 0.90% 0.00% 1.50% 53.85%
12b-1 Fee 0.25% 0.00% 1.00% 44.38%
Administrative Fee N/A 0.05% 0.70% 93.55%

Sales Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 13.64%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 195.00% 0.00% 441.00% 76.06%

AHTAX - Distributions

Dividend Yield Analysis

AHTAX Category Low Category High AHTAX % Rank
Dividend Yield 8.68% 0.00% 13.40% 61.54%

Dividend Distribution Analysis

AHTAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

AHTAX Category Low Category High AHTAX % Rank
Net Income Ratio 1.06% -2.12% 13.72% 32.46%

Capital Gain Distribution Analysis

AHTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

AHTAX - Fund Manager Analysis

Managers

Russell Korgaonkar


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Russell Korgaonkar is Head of Portfolio Management at AHL. Mr. Korgaonkar joined the company in February 2001, and spent several years researching and building single-stock trading systems, including statistical arbitrage and fundamental factor models. He managed the equity neutral fund Man MAC Daylami from inception in 2005 until 2009, before concentrating on directional systems including a sector based equities model. He moved to his current role in March 2011, and has brought practical experience to the managed futures programs, where his team is responsible for high-level portfolio construction, investment management, and research.

Otto van Hemert


Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Otto van Hemert is Director of Core Strategies and a member of AHL’s management and investment committees. He was previously Head of Macro Research at AHL. Prior to joining AHL in 2015, Mr. Van Hemert ran a systematic global macro fund at IMC for more than three years. Before that, he headed Fixed Income Arbitrage, Credit, and Volatility strategies at AQR, and was on the Finance Faculty at the New York University Stern School of Business, where he published papers in leading academic finance journals. Mr. Van Hemert holds a PhD in Finance from the University of Amsterdam, Master’s Degrees in Economics from Tinbergen Institute and the University of Amsterdam, and a Master’s Degree in Mathematics from Utrecht University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.83 6.55 13.0