GLGPX: American Beacon GLG Total Return Inv

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GLGPX American Beacon GLG Total Return Inv

  • Fund
  • GLGPX
  • Price as of: Oct 18, 2019
  • $9.87 - $0.01 - 0.10%

GLGPX - Profile

Vitals

  • YTD Return -3.4%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $211 M
  • Holdings in Top 10 133.6%

52 WEEK LOW AND HIGH

$9.87
$9.87
$10.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.80%

SALES FEES

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

BROKERAGE FEES

  • Turnover 326.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name American Beacon GLG Total Return Fund
  • Fund Family Name American Beacon
  • Inception Date May 20, 2016
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Guillermo Ariel Ossés

Fund Description

The fund seeks to achieve high current income and capital appreciation by investing primarily in securities (excluding U.S. Dollar denominated cash and cash equivalents) of issuers that are economically tied to emerging market countries. The securities in which the fund primarily invests include debentures, sovereign and quasi-sovereign debt, corporate obligations, high-yield securities (commonly referred to as "junk bonds"), unrated securities, and, to a lesser extent, equities, equity equivalents and ETFs that provide exposure to these types of investments. It is non-diversified.

GLGPX - Mutual Fund Categories

GLGPX - Performance

Return Ranking - Trailing

Period GLGPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -9.5% 11.8% 87.50%
1 Yr -6.9% -12.2% 12.2% 87.50%
3 Yr -2.1%* -6.8% 5.9% 72.34%
5 Yr N/A* -7.2% 4.9% N/A
10 Yr N/A* -5.5% 2.6% N/A

* Annualized


Return Ranking - Calendar

Period GLGPX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.4% -19.3% 0.0% 9.26%
2017 0.3% 0.0% 36.5% 95.65%
2016 N/A -5.4% 13.0% N/A
2015 N/A -21.5% -5.4% N/A
2014 N/A -19.3% 2.3% N/A

Total Return Ranking - Trailing

Period GLGPX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.4% -9.5% 11.8% 87.50%
1 Yr -4.7% -12.2% 12.3% 87.50%
3 Yr -1.3%* -6.8% 5.9% 87.23%
5 Yr N/A* -6.6% 4.9% N/A
10 Yr N/A* -3.9% 3.0% N/A

* Annualized


Total Return Ranking - Calendar

Period GLGPX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.1% -19.3% 0.0% 9.26%
2017 0.4% 0.2% 37.0% 95.65%
2016 N/A -5.4% 13.2% N/A
2015 N/A -18.5% -2.3% N/A
2014 N/A -19.3% 3.0% N/A

NAV & Total Return History

GLGPX - Holdings

Concentration Analysis

GLGPX Category Low Category High GLGPX % Rank
Net Assets 211 M 31.4 K 1.09 B 27.12%
Number of Holdings 62 11 424 80.70%
Net Assets in Top 10 -1.48 M -1.48 M 347 M 92.98%
Weighting of Top 10 133.59% 0.9% 133.6% 3.51%

Top 10 Holdings

  1. B522391 Cds Usd P F 1.00000 9522391_fee Ccpsovereign 16.11%

  2. B522391 Cds Usd R V 03mevent 9522391_pro Ccpsovereign 16.07%

  3. B617239 Irs Brl P F 9.17000 7617239_fix Ccpndfprediswap 15.49%

  4. B617239 Irs Brl R V 00mbrcdi 7617239_flo Ccpndfprediswap 14.31%

  5. B483700 Cds Usd R V 03mevent 9483700_pro Ccpsovereign 12.54%

  6. B483700 Cds Usd P F 1.00000 9483700_fee Ccpsovereign 12.35%

  7. B483703 Cds Usd R V 03mevent 9483703_pro Ccpsovereign 12.18%

  8. B483703 Cds Usd P F 1.00000 9483703_fee Ccpsovereign 11.75%

  9. B522390 Cds Usd P F 1.00000 9522390_fee Ccpsovereign 11.42%

  10. B522390 Cds Usd R V 03mevent 9522390_pro Ccpsovereign 11.37%


Asset Allocation

Weighting Return Low Return High GLGPX % Rank
Cash
92.97% -10.98% 102.53% 8.77%
Bonds
7.03% 0.76% 78.87% 82.46%
Stocks
0.00% -0.14% 78.51% 61.40%
Preferred Stocks
0.00% 0.00% 0.47% 21.05%
Other
0.00% -3.41% 6.29% 45.61%
Convertible Bonds
0.00% 0.00% 20.52% 26.32%

GLGPX - Expenses

Operational Fees

GLGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 1.02% 13.51% 42.86%
Management Fee 0.94% 0.50% 1.15% 72.88%
12b-1 Fee 0.00% 0.00% 1.00% 2.94%
Administrative Fee N/A 0.02% 0.25% N/A

Sales Fees

GLGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GLGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

GLGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 326.00% 13.69% 733.00% 87.50%

GLGPX - Distributions

Dividend Yield Analysis

GLGPX Category Low Category High GLGPX % Rank
Dividend Yield 0.00% 0.00% 5.50% 74.58%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

GLGPX Category Low Category High GLGPX % Rank
Net Income Ratio 0.21% -0.85% 8.39% 89.29%

Capital Gain Distribution Analysis

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

GLGPX - Managers

Guillermo Ariel Ossés

Manager

Start Date

Tenure

Tenure Rank

May 20, 2016

3.36

3.4%

Guillermo Ossés joins HSBC as its Managing Director for all global emerging markets debt portfolios at HSBC. Prior to HSBC, he was a senior emerging markets fixed income portfolio manager at PIMCO. He had worked at Barclays Capital responsible for proprietary trading and market making of emerging markets currencies and also held a trading position in Latin American Local Markets at Deutsche Bank. He received a BA from Universidad Catolica de Cordoba in Argentina and holds an MBA from the MIT Sloan School of Management.


Phil Hyun Yuhn

Manager

Start Date

Tenure

Tenure Rank

May 20, 2016

3.36

3.4%

Phil Yuhn, Portfolio Manager on the Emerging Markets Debt team at Man GLG, is a portfolio manager for the Fund. Prior to joining Man GLG, Mr. Yuhn worked as a portfolio manager at American Century Investments. Prior to this, he was a senior portfolio manager at HSBC Asset Management from 2009-2015. Mr. Yuhn began his career as a global management consultant at Adexa in1998. He earned an MBA from the University of Chicago and Masters and Bachelors degrees in engineering from Cornell University.


Tenure Analysis

Category Low

0.01

Category High

16.76

Category Average

5.15

Category Mode

8.09