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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Beacon Ionic Inflation Protection ETF

CPII | Active ETF

$19.50

$10.7 M

0.00%

0.70%

Vitals

YTD Return

3.9%

1 yr return

3.5%

3 Yr Avg Return

4.8%

5 Yr Avg Return

N/A

Net Assets

$10.7 M

Holdings in Top 10

99.4%

52 WEEK LOW AND HIGH

$19.4
$18.87
$19.60

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Beacon Ionic Inflation Protection ETF

CPII | Active ETF

$19.50

$10.7 M

0.00%

0.70%

CPII - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    American Beacon Ionic Inflation Protection ETF
  • Fund Family Name
    American Beacon
  • Inception Date
    Jun 28, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

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 investments that provide protection against U.S. inflation.
Inflation refers to a general rise in prices throughout the  U.S. economy, which the Fund will measure using the non-seasonally adjusted  U.S. City Average All Items Consumer Price Index for All Urban Consumers (the “CPI-U”) published monthly by the Bureau of Labor Statistics of the U.S. Department of Labor. The Fund seeks to provide investors with protection against the negative impact of inflation by generating positive returns when inflation is elevated and/or rising. For purposes of the 80% policy stated above, the Fund considers the following investments to provide protection against U.S. inflation:
■
inflation swaps;    
■
options on  U.S. interest rate swaps (“swaptions”);
■
U.S. Treasury Inflation-Protected Securities (“TIPS”); and
■
exchange-traded funds (“ETFs”) that themselves have policies to invest at least 80% of their assets in inflation-protected investments.
Investment ProcessIonic Capital Management LLC, the Fund’s investment sub-advisor (the “Sub-Advisor”), utilizes a proprietary process to construct the Fund’s investment portfolio. In seeking to achieve its investment objective, the Fund invests in: (i) inflation swaps designed to increase in value when realized inflation or inflation expectations exceed the fixed-rate referenced in such inflation swaps; (ii) TIPS directly with varied maturities on a rolling basis and indirectly through ETFs; and (iii) swaptions designed to increase in value when inflationary environments lead to increases in nominal interest rates or interest rate expectations. In addition, under certain market conditions, the Sub-Advisor may choose to use interest rate swaps to hedge the Fund’s swaption exposure. The Fund may also invest in U.S. Treasury bills, notes, and bonds of varying maturities. Additionally, the Fund may invest in other ETFs that primarily invest in such U.S. Treasury securities. The Fund may sell an investment if the Sub-Advisor determines the investment is no longer in alignment with the Fund’s principal investment strategies, in response to changing market conditions or in response to Fund cash flows.
Inflation SwapsSwaps are contracts where one party “swaps” one type of cash flow for a different type of cash flow. Inflation swaps are derivative instruments that trade over-the-counter, which means they trade in a broker-dealer network, as opposed to on a centralized exchange. The Fund will primarily enter into inflation swaps that reference the CPI-U. For these inflation swaps, one party agrees to pay to the other party the percentage increase in CPI-U during the term of the swap, while the other party agrees to pay back a fixed rate. This means the inflation swaps held by the Fund will typically increase in value if inflation increases. Likewise, inflation swaps held by the Fund will typically decrease in value if inflation decreases. The Sub-Advisor will primarily focus on 5-year, zero-coupon inflation swaps tied to the level of CPI-U that are designed to increase in value when realized inflation or inflation expectations exceed the fixed-rate referenced in those swaps.
Interest Rate Swaps and  SwaptionsInterest rate swaps are essentially the same as inflation swaps, except that the parties pay each other based on interest rate changes. The Fund will generally enter into interest rate swaps that exchange fixed-rate payments for floating-rate payments, with interest paid at fixed intervals (e.g., quarterly) or only on the expiration date. Further, the Fund will generally enter into interest rate swaps only when the Sub-Advisor seeks to hedge the Fund’s swaption exposure.
A  swaption is an option on a swap agreement that gives the buyer the right, but not the obligation, to enter into a swap on a future date in exchange for paying a market-based “premium.” The Fund expects to focus on so-called “payer swaptions,” which give the owner (the Fund) the right to pay fixed-rate payments and, in exchange, receive floating rate payments.
Like inflation swaps, interest rate swaps and  swaptions are derivative instruments that trade over-the-counter. The Fund’s interest rate swaps and swaptions will be tied to the level of U.S. interest rates. This means that swaptions held by the Fund will typically increase in value if interest rates rise, and decrease in value if interest rates fall. The Fund will generally purchase swaptions with an expiration of one to three years, although the Fund may purchase swaptions with shorter or longer expirations.
U.S. Treasury Inflation-Protected Securities (“TIPS”)TIPS are marketable securities issued by the U.S. Treasury whose principal is adjusted based on changes in the CPI-U. With inflation (an increase in the CPI-U), the principal increases, and with deflation (a decrease in the CPI-U), the principal decreases. The relationship between TIPS and inflation affects both the principal amount paid when a TIPS instrument matures and the amount of interest that a TIPS instrument pays semi-annually. When a TIPS instrument matures, the principal paid is the greater of the CPI-U adjusted principal or the original principal. TIPS pay interest at a fixed rate. However, because the fixed rate is applied to the CPI-U adjusted principal, interest payments can vary in amount from one period to the next. If the rate of inflation increases, the interest payment increases. If the rate of inflation decreases, the interest payment decreases. The Fund may purchase TIPS of any maturity.
The Fund may invest cash balances in a government money market fund advised by the Manager, with respect to which the Manager receives a management fee. The Fund’s holdings may be frequently adjusted, which could result in high portfolio turnover.  
The Fund is non-diversified, which means that it is not limited to a percentage of assets that it may invest in any one issuer.
Read More

CPII - Performance

Return Ranking - Trailing

Period CPII Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -13.3% 17.2% N/A
1 Yr 3.5% -41.6% 14.8% N/A
3 Yr 4.8%* -29.9% 4.3% N/A
5 Yr N/A* -11.3% 3.6% N/A
10 Yr N/A* -7.2% 1.9% N/A

* Annualized

Return Ranking - Calendar

Period CPII Return Category Return Low Category Return High Rank in Category (%)
2025 -1.4% -52.3% 1.1% N/A
2024 0.5% -4.0% 9.2% N/A
2023 -3.9% -47.0% 7.7% N/A
2022 N/A -4.2% 4.1% N/A
2021 N/A -2.3% 0.1% N/A

Total Return Ranking - Trailing

Period CPII Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -13.3% 51.2% N/A
1 Yr 3.5% -41.6% 14.8% N/A
3 Yr 4.8%* -29.9% 4.3% N/A
5 Yr N/A* -11.3% 3.6% N/A
10 Yr N/A* -7.2% 1.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CPII Return Category Return Low Category Return High Rank in Category (%)
2025 2.8% -52.3% 1.1% N/A
2024 6.1% -4.0% 9.2% N/A
2023 1.8% -47.0% 7.7% N/A
2022 N/A -4.2% 4.1% N/A
2021 N/A -1.9% 0.1% N/A

CPII - Holdings

Concentration Analysis

CPII Category Low Category High CPII % Rank
Net Assets 10.7 M 8.02 M 61.7 B N/A
Number of Holdings 14 6 1306 N/A
Net Assets in Top 10 10.4 M -122 M 35.7 B N/A
Weighting of Top 10 99.44% 9.2% 100.0% N/A

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 13.24%
  2. U.S. Treasury Inflation-Indexed Notes 13.10%
  3. U.S. Treasury Inflation-Indexed Notes 12.63%
  4. U.S. Treasury Inflation-Indexed Notes 12.49%
  5. U.S. Treasury Inflation-Indexed Notes 12.47%
  6. U.S. Treasury Inflation-Indexed Notes 12.44%
  7. U.S. Treasury Inflation-Indexed Notes 11.50%
  8. U.S. Treasury Inflation-Indexed Notes 9.98%
  9. American Beacon U.S. Government Money Market 1.30%
  10. Swap 0.29%

Asset Allocation

Weighting Return Low Return High CPII % Rank
Bonds 		97.85% -13.04% 150.30% N/A
Cash 		1.77% -50.72% 72.87% N/A
Other 		0.38% -1.41% 40.08% N/A
Stocks 		0.00% 0.00% 29.58% N/A
Preferred Stocks 		0.00% 0.00% 0.43% N/A
Convertible Bonds 		0.00% 0.00% 3.96% N/A

Bond Sector Breakdown

Weighting Return Low Return High CPII % Rank
Cash & Equivalents 		1.33% 0.00% 18.36% N/A
Derivative 		0.38% 0.00% 26.02% N/A
Securitized 		0.00% 0.00% 58.03% N/A
Corporate 		0.00% 0.00% 50.64% N/A
Municipal 		0.00% 0.00% 1.28% N/A
Government 		0.00% 6.70% 100.00% N/A

Bond Geographic Breakdown

Weighting Return Low Return High CPII % Rank
US 		97.85% -13.04% 120.98% N/A
Non US 		0.00% -8.42% 54.30% N/A

CPII - Expenses

Operational Fees

CPII Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 1.71% 31.13%
Management Fee 0.70% 0.00% 0.99% 99.09%
12b-1 Fee N/A 0.00% 1.00% 2.02%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

CPII Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

CPII Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 246.00% N/A

CPII - Distributions

Dividend Yield Analysis

CPII Category Low Category High CPII % Rank
Dividend Yield 0.00% 0.00% 10.62% 91.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CPII Category Low Category High CPII % Rank
Net Income Ratio N/A -0.06% 6.71% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

CPII - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.57 11.1

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