American Beacon NIS Core Plus Bond Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.5%
1 yr return
12.8%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
N/A
Net Assets
$5.93 M
Holdings in Top 10
25.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.18%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 127.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
NISRX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.91%
- Dividend Yield 4.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Beacon NIS Core Plus Bond Fund
-
Fund Family NameAmerican Beacon
-
Inception DateSep 10, 2020
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKent White
Fund Description
NISRX - Performance
Return Ranking - Trailing
Period | NISRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -2.4% | 11.7% | 25.92% |
1 Yr | 12.8% | -6.9% | 24.6% | 31.33% |
3 Yr | -0.8%* | -9.8% | 28.4% | 14.45% |
5 Yr | N/A* | -7.3% | 58.8% | N/A |
10 Yr | N/A* | -2.6% | 74.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | NISRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.5% | -16.2% | 8.1% | 30.26% |
2022 | -15.3% | -34.7% | 131.9% | 27.18% |
2021 | -2.1% | -11.6% | 4.4% | 8.00% |
2020 | N/A | -10.1% | 946.1% | N/A |
2019 | N/A | -1.7% | 16.9% | N/A |
Total Return Ranking - Trailing
Period | NISRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -2.4% | 11.7% | 25.92% |
1 Yr | 12.8% | -6.9% | 24.6% | 31.33% |
3 Yr | -0.8%* | -9.8% | 28.4% | 14.45% |
5 Yr | N/A* | -7.3% | 58.8% | N/A |
10 Yr | N/A* | -2.6% | 74.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | NISRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -11.3% | 11.9% | 19.69% |
2022 | -12.5% | -32.2% | 131.9% | 18.05% |
2021 | 0.3% | -9.4% | 9.2% | 18.20% |
2020 | N/A | -1.9% | 1009.0% | N/A |
2019 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
NISRX - Holdings
Concentration Analysis
NISRX | Category Low | Category High | NISRX % Rank | |
---|---|---|---|---|
Net Assets | 5.93 M | 2.9 M | 314 B | 99.69% |
Number of Holdings | 301 | 1 | 17787 | 80.47% |
Net Assets in Top 10 | 1.62 M | 1.62 M | 36.1 B | 100.00% |
Weighting of Top 10 | 25.36% | 4.4% | 432.9% | 42.71% |
Top 10 Holdings
- U.S. Treasury Bonds 5.08%
- U.S. Treasury Notes 4.67%
- U.S. Treasury Bonds 2.73%
- U.S. Treasury Notes 2.37%
- U.S. Treasury Notes 2.14%
- U.S. Treasury Bonds 2.03%
- U.S. Treasury Notes 1.97%
- U.S. Treasury Notes 1.75%
- U.S. Treasury Notes 1.54%
- Finance of America Structured Securities Trust 1.09%
Asset Allocation
Weighting | Return Low | Return High | NISRX % Rank | |
---|---|---|---|---|
Bonds | 90.18% | 0.00% | 993.61% | 73.88% |
Other | 8.76% | -16.55% | 52.94% | 29.86% |
Cash | 1.05% | -54.51% | 237.69% | 72.49% |
Convertible Bonds | 0.66% | 0.00% | 7.93% | 76.73% |
Stocks | 0.00% | 0.00% | 99.99% | 90.00% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 88.65% |
Bond Sector Breakdown
Weighting | Return Low | Return High | NISRX % Rank | |
---|---|---|---|---|
Corporate | 37.74% | 0.00% | 100.00% | 28.53% |
Securitized | 29.77% | 0.00% | 98.40% | 49.12% |
Government | 24.15% | 0.00% | 86.23% | 51.39% |
Municipal | 7.18% | 0.00% | 100.00% | 5.66% |
Derivative | 0.00% | -1.41% | 44.82% | 77.51% |
Cash & Equivalents | 0.00% | -0.46% | 237.69% | 98.57% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | NISRX % Rank | |
---|---|---|---|---|
US | 90.18% | 0.00% | 993.61% | 65.54% |
Non US | 0.00% | 0.00% | 35.41% | 89.37% |
NISRX - Expenses
Operational Fees
NISRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.18% | 0.01% | 39.64% | 1.64% |
Management Fee | 0.55% | 0.00% | 1.76% | 94.73% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.21% |
Administrative Fee | N/A | 0.01% | 0.50% | 97.70% |
Sales Fees
NISRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
NISRX 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.
NISRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 127.00% | 2.00% | 493.39% | 49.64% |
NISRX - Distributions
Dividend Yield Analysis
NISRX | Category Low | Category High | NISRX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.61% | 0.00% | 10.11% | 32.65% |
Dividend Distribution Analysis
NISRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
NISRX | Category Low | Category High | NISRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.91% | -1.28% | 4.79% | 36.53% |
Capital Gain Distribution Analysis
NISRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 30, 2024 | $0.033 | OrdinaryDividend |
Jul 30, 2024 | $0.031 | OrdinaryDividend |
Apr 29, 2024 | $0.030 | OrdinaryDividend |
Mar 27, 2024 | $0.030 | OrdinaryDividend |
Feb 29, 2024 | $0.029 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.029 | OrdinaryDividend |
Dec 21, 2023 | $0.010 | OrdinaryDividend |
Nov 30, 2023 | $0.028 | OrdinaryDividend |
Oct 31, 2023 | $0.029 | OrdinaryDividend |
Sep 29, 2023 | $0.028 | OrdinaryDividend |
Aug 31, 2023 | $0.028 | OrdinaryDividend |
Jul 31, 2023 | $0.026 | OrdinaryDividend |
Jun 30, 2023 | $0.027 | OrdinaryDividend |
May 31, 2023 | $0.027 | OrdinaryDividend |
Apr 28, 2023 | $0.026 | OrdinaryDividend |
Mar 31, 2023 | $0.027 | OrdinaryDividend |
Feb 28, 2023 | $0.024 | OrdinaryDividend |
Jan 31, 2023 | $0.026 | OrdinaryDividend |
Dec 30, 2022 | $0.025 | OrdinaryDividend |
Nov 29, 2022 | $0.025 | OrdinaryDividend |
Oct 31, 2022 | $0.025 | OrdinaryDividend |
Sep 29, 2022 | $0.022 | OrdinaryDividend |
Aug 30, 2022 | $0.021 | OrdinaryDividend |
Jul 28, 2022 | $0.023 | OrdinaryDividend |
Jun 29, 2022 | $0.022 | OrdinaryDividend |
May 31, 2022 | $0.022 | OrdinaryDividend |
Apr 28, 2022 | $0.021 | OrdinaryDividend |
Mar 31, 2022 | $0.021 | OrdinaryDividend |
Feb 25, 2022 | $0.020 | OrdinaryDividend |
Jan 31, 2022 | $0.019 | OrdinaryDividend |
Dec 31, 2021 | $0.019 | OrdinaryDividend |
Nov 30, 2021 | $0.018 | OrdinaryDividend |
Oct 29, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2021 | $0.017 | OrdinaryDividend |
Aug 31, 2021 | $0.018 | OrdinaryDividend |
Jul 30, 2021 | $0.019 | OrdinaryDividend |
Jun 30, 2021 | $0.019 | OrdinaryDividend |
May 28, 2021 | $0.019 | OrdinaryDividend |
Apr 30, 2021 | $0.019 | OrdinaryDividend |
Mar 31, 2021 | $0.018 | OrdinaryDividend |
Feb 26, 2021 | $0.015 | OrdinaryDividend |
Jan 29, 2021 | $0.017 | OrdinaryDividend |
Dec 31, 2020 | $0.017 | OrdinaryDividend |
Dec 22, 2020 | $0.008 | CapitalGainShortTerm |
Dec 01, 2020 | $0.016 | OrdinaryDividend |
Nov 02, 2020 | $0.014 | OrdinaryDividend |
Oct 01, 2020 | $0.004 | OrdinaryDividend |
NISRX - Fund Manager Analysis
Managers
Kent White
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Kent J. White is the co-chief investment officer at National Investment Services. He also serves on the board of directors and is a member of the management, fixed income investment and asset pricing committees. An owner of the firm, Kent has been with the company since 1994. As co-CIO, Kent is responsible for working in conjunction with Jason C. Berrie to develop the firm’s investment strategies and oversee implementation of final portfolio decisions across all strategies. He has substantial experience in all market sectors and provides regular input on MBS sectors including residential and commercial, as well as consumer and esoteric ABS sectors. Kent also is lead portfolio manager for the total absolute return strategy. Before being appointed CIO, he held the role of CFIO. Prior to joining NIS, Kent served as a portfolio manager at Business Men’s Assurance. He began his career at the Peoples Heritage Federal Savings & Loan. Kent holds a B.S. in pharmacy from the University of Kansas and an M.B.A. in finance from Duke University. He is a CFA charterholder. Kent is a volunteer for the Central American Lutheran Missionary Society.
Mark Anderson
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Mark R. Anderson is the chief strategy officer at National Investment Services. He also serves as a member of the fixed income investment, management and equity investment committees. An owner of the firm, Mark has been with the company since 2000. Mark is charged with leading dynamic fixed income allocation discussions, monitoring implementation and ensuring that client expectations are being met. He is also the co-portfolio manager of the preferred stock fund, portfolio manager for taxable municipal bonds, and is responsible for the firm’s economic and market outlooks. He is a frequent speaker at both client and industry conferences. Prior to joining NIS, Mark was security analyst and portfolio manager at Associated Trust Company. He holds a B.S. in business administration from the University of Wisconsin – Stevens Point. Mark is a CFA charterholder.
Lesly Barnes
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Lesly is an Asset Backed Securities portfolio manager and is our lead Treasury trader. She is also the pricing coordinator.
James Kaplan
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
James S. Kaplan is a lead portfolio manager at National Investment Services. He also serves as a member of the fixed income investment and asset pricing committees. An owner of the firm, Jim has been with the company since 2009 and has 36 years of investment experience. He is responsible for the management of all mortgage products including residential and commercial, consumer ABS sectors, and esoteric ABS sectors. Prior to joining National Investment Services, Jim was a lead portfolio manager of structured products at William Blair & Company. Jim was also the co-manager on two taxable bond funds and one money-market fund. He began his career at First Union National Bank. Jim holds a B.A. in economics and political science from Washington and Lee University. Jim serves on the board of the Daniel Murphy Scholarship Fund. He is a CFA charterholder.
Jeffrey Parker
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Barbara Schalla
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Ms. Schalla, an owner of National Investment Services of America, LLC, has been with NIS since 1993 and has over 30 years of investment experience. Ms. Schalla is responsible for co-managing the corporate bond portfolio and oversees investment policy guidelines at NIS. Ms. Schalla holds a B.B.A. in finance from the University of Wisconsin - Milwaukee and is a CFA charterholder.
Jason Berrie
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Jason C. Berrie is the co-chief investment officer at National Investment Services. He also serves on the board of directors, and is a member of the fixed income investment and management committees. An owner of the firm, Jason has been with the company since 2003. As co-CIO, Jason is responsible for working in conjunction with Kent J. White to develop investment strategies and oversee final portfolio decisions. He is the lead portfolio manager for the corporate bond team and is also charged with determining high yield allocations within the core plus, intermediate plus, and dynamic fixed income investment strategies. Jason is also lead portfolio manager for the short duration high yield strategy. Prior to joining NIS, Jason served as a portfolio manager at both the Guggenheim Group and Midland Advisors Company. Jason holds a B.B.A. in business administration from the University of Iowa. He is a CFA charterholder.
Vince Russo
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
"Vince is a fixed income portfolio manager with a focus on Corporates. With 18 years of investment management experience, he has an extensive background as an analyst and manager for all sectors within the credit market. - National Investment Services, Inc., 2014 - BMO Asset Management North America, (2002 – 2013) - Clarica Life Insurance Company, 1998 – 2002 - University of Wisconsin – Whitewater – BBA, 1990 - University of Wisconsin – Whitewater – MBA, 1996 - 2 year with the firm - 18 years of investment experience "
Stefan Martin
Start Date
Tenure
Tenure Rank
Sep 10, 2020
1.72
1.7%
Stephen Smitley
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Stephen J. Smitley Aware – Head of Structured Products Mr. Smitley is responsible for evaluating opportunities, assessing risk and the overall portfolio management of Structured Credit investments for Aware Asset Management, Inc. Prior to joining the Aware organization in 2017, Mr. Smitley was with Carval Investors as a member of the Structured Products Investment team from 2009 to 2017. Earlier in his career, Mr. Smitley held roles in structured finance and loan servicing at Black River Asset Management, GMAC-RFC and IndyMac. Mr. Smitley earned a bachelor’s degree from the California State University-Northridge.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.78 | 1.16 |