ABFAX: American Beacon Balanced A

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ABFAX American Beacon Balanced A


Profile

ABFAX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $228 M
  • Holdings in Top 10 19.6%

52 WEEK LOW AND HIGH

$13.73
$13.36
$14.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    American Beacon Balanced Fund
  • Fund Family Name
    American Beacon
  • Inception Date
    May 17, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Barrow

Fund Description

Under normal circumstances, between 50% and 70% of the fund's total assets are invested in equity securities and between 30% and 50% of the fund's total assets are invested in debt securities. The fund's equity investments may include common stocks, real estate investment trusts ("REITs"), American Depositary Receipts ("ADRs") and U.S. dollar-denominated foreign stocks traded on U.S. exchanges (collectively referred to as "stocks"). It may invest in companies of all market capitalizations.


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Categories

Performance

ABFAX - Performance

Return Ranking - Trailing

Period ABFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -18.3% 9.4% 88.83%
1 Yr 1.3% -48.7% 27.2% 87.96%
3 Yr -2.5%* -37.6% 12.4% 92.15%
5 Yr -1.7%* -39.4% 10.9% 88.22%
10 Yr N/A* -38.6% 17.3% 21.64%

* Annualized

Return Ranking - Calendar

Period ABFAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -50.4% 46.8% 53.83%
2018 -17.0% -31.8% 19.0% 94.24%
2017 3.3% -44.7% 46.3% 75.50%
2016 10.0% -84.5% 146.1% 6.12%
2015 -10.9% -40.7% 14.6% 87.24%

Total Return Ranking - Trailing

Period ABFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -18.3% 9.4% 88.83%
1 Yr 1.3% -48.7% 27.2% 87.74%
3 Yr 3.5%* -37.6% 12.4% 58.97%
5 Yr 3.7%* -39.4% 10.9% 43.84%
10 Yr N/A* -38.6% 18.2% 32.16%

* Annualized

Total Return Ranking - Calendar

Period ABFAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -50.4% 46.8% 55.45%
2018 -8.6% -27.4% 19.0% 69.66%
2017 12.3% -44.7% 46.3% 27.44%
2016 12.0% -84.5% 146.1% 8.42%
2015 -4.5% -36.9% 14.6% 67.63%

NAV & Total Return History


Holdings

ABFAX - Holdings

Concentration Analysis

ABFAX Category Low Category High ABFAX % Rank
Net Assets 228 M 178 K 161 B 57.07%
Number of Holdings 516 2 13691 26.08%
Net Assets in Top 10 50.4 M -39.4 M 33.7 B 66.88%
Weighting of Top 10 19.56% 9.4% 371.8% 78.97%

Top 10 Holdings

  1. United States Treasury Notes 1.66% 4.55%
  2. United States Treasury Notes 1.75% 3.91%
  3. General Electric Co 1.70%
  4. Citigroup Inc 1.67%
  5. Wells Fargo & Co 1.40%
  6. American International Group Inc 1.36%
  7. E-mini S&P 500 Futures Mar20 1.32%
  8. Microsoft Corp 1.29%
  9. Medtronic PLC 1.25%
  10. General Motors Co 1.09%

Asset Allocation

Weighting Return Low Return High ABFAX % Rank
Stocks
61.01% -41.01% 79.55% 21.14%
Bonds
37.17% -3.79% 79.18% 59.83%
Cash
1.64% -102.09% 77.18% 78.44%
Convertible Bonds
0.18% -0.84% 71.85% 65.72%
Preferred Stocks
0.00% 0.00% 44.10% 89.06%
Other
0.00% -41.44% 154.72% 88.96%

Stock Sector Breakdown

Weighting Return Low Return High ABFAX % Rank
Financial Services
21.72% 0.00% 67.69% 8.32%
Energy
14.32% 0.00% 100.00% 5.91%
Healthcare
12.21% 0.00% 61.80% 69.00%
Industrials
10.75% 0.00% 99.44% 40.74%
Technology
10.22% 0.00% 72.78% 80.50%
Consumer Cyclical
9.92% 0.00% 32.07% 39.87%
Communication Services
7.21% 0.00% 32.16% 54.55%
Basic Materials
4.72% 0.00% 100.00% 13.91%
Consumer Defense
4.03% 0.00% 25.21% 83.02%
Utilities
3.15% 0.00% 100.00% 56.96%
Real Estate
1.75% -2.05% 100.00% 82.80%

Stock Geographic Breakdown

Weighting Return Low Return High ABFAX % Rank
US
54.99% -41.02% 77.06% 23.55%
Non US
6.02% -2.63% 32.14% 40.80%

Bond Sector Breakdown

Weighting Return Low Return High ABFAX % Rank
Government
43.66% -0.45% 93.76% 13.25%
Corporate
35.20% 0.00% 100.00% 41.96%
Securitized
16.94% 0.00% 59.50% 50.05%
Cash & Equivalents
4.20% -3.87% 100.00% 86.33%
Derivative
0.00% -3.25% 64.96% 86.12%
Municipal
0.00% 0.00% 99.77% 87.49%

Bond Geographic Breakdown

Weighting Return Low Return High ABFAX % Rank
US
33.96% -5.05% 84.24% 59.83%
Non US
3.21% -12.68% 26.09% 50.37%

Expenses

ABFAX - Expenses

Operational Fees

ABFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.02% 5.91% 54.18%
Management Fee 0.52% 0.00% 2.00% 46.95%
12b-1 Fee 0.25% 0.00% 1.00% 48.41%
Administrative Fee N/A 0.01% 0.83% 97.69%

Sales Fees

ABFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 1.00% 5.75% 27.98%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ABFAX 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.

ABFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 1504.00% 64.52%

Distributions

ABFAX - Distributions

Dividend Yield Analysis

ABFAX Category Low Category High ABFAX % Rank
Dividend Yield 0.55% 0.00% 9.25% 16.30%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ABFAX Category Low Category High ABFAX % Rank
Net Income Ratio 1.88% -4.40% 6.65% 47.60%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ABFAX - Fund Manager Analysis

Managers

James Barrow


Start Date

Tenure

Tenure Rank

Jul 17, 1987

32.56

32.6%

During Mr. Barrow’s 56-year investment career, he has worked as a securities analyst and portfolio manager for several major institutions including Citizens & Southern Bank of South Carolina, Atlantic Richfield, and Reliance Insurance. In 1973, he joined Republic National Bank of Dallas as a portfolio manager, where he worked with Tim Hanley and John Strauss. He later was placed in charge of the Employee Benefit Portfolio Group and was a member of the Trust Investment Committee until the founding of this firm in 1979. Mr. Barrow graduated from the University of South Carolina with a BS.

Mark Luchsinger


Start Date

Tenure

Tenure Rank

Dec 31, 1998

21.1

21.1%

Mr. Luchsinger joined BHMS in 1997. He was appointed Co-Head of Fixed Income, along with Scott McDonald, in 2017. Mr. Luchsinger serves as a portfolio manager, specializing in investment grade and high yield corporate bond strategies and is the lead portfolio manager for our Core and Core Plus strategies. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 37-year investment career, Mr. Luchsinger has served as Chief Investment Officer for Great American Reserve Insurance Company. He began his career as a credit analyst at Scor Reinsurance Company. In addition, Mr. Luchsinger spent 10 years in fixed income sales at First Boston Corporation. He earned a BBA from Bowling Green State University.

Judd Peters


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.1

20.1%

In his role as portfolio manager, Mr. Peters plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value, Small Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the capital goods, energy and technology sectors. Prior to joining the firm, Mr. Peters was an analyst in the corporate finance department of an investment banking firm. Mr. Peters, a CFA charterholder, received his BA in Mathematics and a BS in Biochemistry from University of California, San Diego.

Scott McBride


Start Date

Tenure

Tenure Rank

Dec 31, 2001

18.1

18.1%

In his role as portfolio manager, Mr. McBride plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the consumer, financials, healthcare and technology sectors. Prior to joining the firm, Mr. McBride was an associate consultant with Deloitte Consulting and worked as an investment marketing analyst with Fidelity Investments. Mr. McBride, a CFA charterholder, received his BA in Economics from Georgetown University and MBA from Columbia University.

Deborah Petruzzelli


Start Date

Tenure

Tenure Rank

Dec 31, 2003

16.1

16.1%

Ms. Petruzzelli joined BHMS in 2003. She serves as our structured securities portfolio manager for mortgage-backed, asset-backed, and commercial mortgage-backed securities. She is also an analyst for structured securities. During her 33-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. She also had an active role in that firm’s development of a core plus strategy, leveraging the firm’s convertible equity management strengths. Prior to joining Victory, Ms. Petruzzelli worked for McDonald & Company Securities, Inc., as senior vice president for ABS syndication and traded ABS, CMO, and MBS. She earned a BSBA in Business Administration from Bowling Green State University.

Erin Higginbotham


Start Date

Tenure

Tenure Rank

Mar 01, 2011

8.93

8.9%

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.

Gene Needles


Start Date

Tenure

Tenure Rank

Feb 29, 2012

7.93

7.9%

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.

Samuel Silver


Start Date

Tenure

Tenure Rank

Feb 28, 2014

5.93

5.9%

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.

Kirk Brown


Start Date

Tenure

Tenure Rank

Feb 28, 2016

3.93

3.9%

Kirk Brown serves as Senior Portfolio Manager, Asset Management for American Beacon Advisors, Inc. and is responsible for monitoring the investment advisors to several American Beacon Funds as well as investments in alternative products (including private equity). He is also responsible for monitoring the international, high yield bond, emerging markets and currency overlay investment advisors to AMR Corporation’s pension plans. Prior to joining American Beacon in 1994, Mr. Brown served in operational and business planning roles for American Airlines, Inc. Mr. Brown received his BA from the State University of New York at Brockport in 1986 and an MBA from Vanderbilt University’s Owen Graduate School of Management in 1988. He is a CFA charterholder.

Paul Cavazos


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.08

3.1%

Paul B Cavazos is Chief Investment Officer and joined American Beacon Advisors and has served on the portfolio management team since 2016. Prior to joining American Beacon Advisors, Mr. Cavazos was Chief Investment Officer and Assistant Treasurer of DTE Energy from 2007 to 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.11 6.63 0.08