AHTAX: American Beacon AHL TargetRisk Fund

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AHTAX American Beacon AHL TargetRisk Fund


Profile

AHTAX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $649 M
  • Holdings in Top 10 82.7%

52 WEEK LOW AND HIGH

$12.30
$11.38
$12.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.33%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of May 29, 2020
  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.73%
DIVIDENDS
  • Dividend Yield 4.5%
  • 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
    Matthew Sargaison

Fund Description

The fund seeks to achieve its investment objective by allocating all or substantially all of its assets across equities, bonds (including inflation index-linked bonds), interest rates, corporate credit, and commodities primarily through derivative instruments. It invests primarily in futures (including bond futures), swaps (including commodity swaps, credit default swaps, cross-currency swaps, equity 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.


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Categories

Performance

AHTAX - Performance

Return Ranking - Trailing

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -52.1% 952.8% 42.32%
1 Yr -2.1% -56.6% 828.0% 72.41%
3 Yr N/A* -24.0% 77.1% N/A
5 Yr N/A* -43.6% 23.9% N/A
10 Yr N/A* -38.7% 16.8% N/A

* Annualized

Return Ranking - Calendar

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.4% 46.8% N/A
2018 N/A -31.8% 19.0% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -84.5% 219.0% N/A
2015 N/A -45.5% 14.6% N/A

Total Return Ranking - Trailing

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -52.1% 952.8% 42.32%
1 Yr -2.1% -56.6% 828.0% 72.54%
3 Yr N/A* -24.0% 77.1% N/A
5 Yr N/A* -43.6% 29.7% N/A
10 Yr N/A* -38.7% 18.2% N/A

* Annualized

Total Return Ranking - Calendar

Period AHTAX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -50.4% 46.8% N/A
2018 N/A -31.5% 19.0% N/A
2017 N/A -44.7% 46.3% N/A
2016 N/A -84.5% 242.1% N/A
2015 N/A -45.5% 14.6% N/A

NAV & Total Return History


Holdings

AHTAX - Holdings

Concentration Analysis

AHTAX Category Low Category High AHTAX % Rank
Net Assets 649 M 100 K 110 B 33.88%
Number of Holdings 79 2 2284 57.93%
Net Assets in Top 10 215 M 146 K 25.2 B 32.96%
Weighting of Top 10 82.71% 11.4% 100.0% 17.10%

Top 10 Holdings

  1. American Beacon Cayman Targetrisk Co Ltd 19.74%
  2. United States Treasury Bills 0.01% 18.26%
  3. United States Treasury Bills 0.01% 16.98%
  4. United States Treasury Bills 0.01% 8.40%
  5. United States Treasury Bills 0% 6.94%
  6. United Kingdom of Great Britain and Northern Ireland 0.12% 4.25%
  7. 10 Year Japanese Government Bond Future June 20 2.07%
  8. S0724816 Cds Eur R F 1.00000 10724816_fee Ccpitraxx 2.03%
  9. S0636643 Cds Eur R F 1.00000 10636643_fee Ccpitraxx 2.02%
  10. S0636643 Cds Eur P V 03mevent 10636643_pro Ccpitraxx 2.01%

Asset Allocation

Weighting Return Low Return High AHTAX % Rank
Bonds
68.29% -68.77% 78.22% 9.86%
Other
19.83% -12.66% 176.09% 6.37%
Cash
9.43% -95.11% 80.85% 22.85%
Stocks
2.46% -7.43% 77.67% 91.64%
Preferred Stocks
0.00% 0.00% 45.01% 72.78%
Convertible Bonds
0.00% 0.00% 50.76% 83.40%

Stock Sector Breakdown

Weighting Return Low Return High AHTAX % Rank
Financial Services
16.04% 0.00% 60.67% 22.91%
Technology
15.95% 0.00% 100.00% 63.84%
Healthcare
11.18% 0.00% 59.48% 78.54%
Consumer Defense
10.49% 0.00% 22.38% 12.98%
Communication Services
9.87% 0.00% 56.40% 36.03%
Consumer Cyclical
9.33% 0.00% 59.01% 65.43%
Industrials
8.35% 0.00% 36.77% 64.90%
Energy
6.77% 0.00% 100.00% 13.38%
Basic Materials
6.25% 0.00% 100.00% 6.75%
Utilities
4.36% 0.00% 99.54% 26.23%
Real Estate
1.42% 0.00% 100.00% 78.68%

Stock Geographic Breakdown

Weighting Return Low Return High AHTAX % Rank
Non US
1.41% -2.31% 17.89% 73.91%
US
1.05% -7.43% 77.52% 92.13%

Bond Sector Breakdown

Weighting Return Low Return High AHTAX % Rank
Government
75.91% 0.00% 95.54% 1.87%
Derivative
12.80% 0.00% 59.63% 3.87%
Cash & Equivalents
11.29% -3.87% 100.00% 45.07%
Securitized
0.00% 0.00% 87.39% 84.27%
Corporate
0.00% 0.00% 100.00% 94.13%
Municipal
0.00% 0.00% 100.00% 63.17%

Bond Geographic Breakdown

Weighting Return Low Return High AHTAX % Rank
US
57.18% -68.77% 85.79% 16.73%
Non US
11.11% -36.53% 25.83% 6.99%

Expenses

AHTAX - Expenses

Operational Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.33% 0.01% 7.27% 10.93%
Management Fee 0.90% 0.00% 2.00% 80.25%
12b-1 Fee 0.25% 0.00% 1.00% 32.72%
Administrative Fee 0.30% 0.01% 0.83% 94.69%

Sales Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 12.41%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AHTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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 77.00% 0.00% 574.00% 70.41%

Distributions

AHTAX - Distributions

Dividend Yield Analysis

AHTAX Category Low Category High AHTAX % Rank
Dividend Yield 4.46% 0.00% 9.76% 0.37%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AHTAX Category Low Category High AHTAX % Rank
Net Income Ratio -1.73% -5.24% 6.60% 98.47%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AHTAX - Fund Manager Analysis

Managers

Matthew Sargaison


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.67

1.7%

Matthew Sargaison is Co-Chief Executive Officer of AHL and a member of the Man Group Executive Committee. Matthew was previously AHL's Chief Investment Officer, with overall responsibility for investment management and research from 2012 and 2017, as well as Chief Risk Officer between 2009 and 2012. Before joining AHL in 2009, he spent 13 years working at Deutsche Bank, Barclays Capital and UBS. Matthew originally worked for AHL from 1992 to 1995 as a trading system researcher and institutional product designer. Matthew holds a degree in Mathematics from the University of Cambridge and a Master's Degree in advanced computer science from the University of Sheffield.

Russell Korgaonkar


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.67

1.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.69 7.1 0.67