American Beacon SSI Alternative Income Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.9%
1 yr return
8.6%
3 Yr Avg Return
2.2%
5 Yr Avg Return
N/A
Net Assets
$136 M
Holdings in Top 10
21.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 326.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SSIJX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.47%
- Dividend Yield 5.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAmerican Beacon SSI Alternative Income Fund
-
Fund Family NameAmerican Beacon
-
Inception DateMay 17, 2019
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeorge Douglas
Fund Description
SSIJX - Performance
Return Ranking - Trailing
Period | SSIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -11.6% | 15.8% | 57.00% |
1 Yr | 8.6% | -33.0% | 41.7% | 8.74% |
3 Yr | 2.2%* | -10.5% | 13.4% | 16.33% |
5 Yr | N/A* | -4.8% | 11.1% | 6.02% |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | SSIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.7% | -31.7% | 23.2% | 10.20% |
2022 | -6.6% | -20.7% | 10.7% | N/A |
2021 | -7.9% | -12.4% | 14.7% | N/A |
2020 | 6.9% | -13.2% | 12.9% | N/A |
2019 | N/A | -11.7% | 7.9% | N/A |
Total Return Ranking - Trailing
Period | SSIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -11.7% | 15.8% | 57.00% |
1 Yr | 8.6% | -33.0% | 41.7% | 8.74% |
3 Yr | 2.2%* | -10.5% | 13.4% | 13.27% |
5 Yr | N/A* | -4.8% | 11.1% | 6.02% |
10 Yr | N/A* | -4.6% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SSIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -31.7% | 23.2% | 10.20% |
2022 | -5.1% | -20.7% | 10.7% | N/A |
2021 | 4.0% | -12.4% | 14.7% | N/A |
2020 | 10.3% | -12.7% | 12.9% | N/A |
2019 | N/A | -11.5% | 13.2% | N/A |
NAV & Total Return History
SSIJX - Holdings
Concentration Analysis
SSIJX | Category Low | Category High | SSIJX % Rank | |
---|---|---|---|---|
Net Assets | 136 M | 105 K | 12.6 B | 36.54% |
Number of Holdings | 173 | 5 | 2526 | 50.96% |
Net Assets in Top 10 | 22.5 M | -619 M | 6.53 B | 29.81% |
Weighting of Top 10 | 21.11% | 7.6% | 96.1% | 81.71% |
Top 10 Holdings
- American Beacon U.S. Government Money Market 4.81%
- MFA Financial, Inc. 3.07%
- PennyMac Corp. 2.04%
- Liberty TripAdvisor Holdings, Inc. 1.95%
- Liberty Media Corp. 1.68%
- Two Harbors Investment Corp. 1.67%
- SoFi Technologies, Inc. 1.60%
- LendingTree, Inc. 1.48%
- Envestnet, Inc. 1.41%
- Collegium Pharmaceutical, Inc. 1.40%
Asset Allocation
Weighting | Return Low | Return High | SSIJX % Rank | |
---|---|---|---|---|
Bonds | 83.34% | -1.04% | 63.30% | 86.54% |
Convertible Bonds | 77.37% | 0.00% | 95.47% | 7.69% |
Cash | 27.43% | -225.56% | 102.75% | 50.00% |
Preferred Stocks | 8.69% | 0.00% | 5.67% | 2.88% |
Other | 0.00% | -11.90% | 43.69% | 77.88% |
Stocks | -19.45% | -57.09% | 325.56% | 95.19% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SSIJX % Rank | |
---|---|---|---|---|
Corporate | 70.28% | 0.00% | 100.00% | 9.62% |
Cash & Equivalents | 4.81% | 0.00% | 100.00% | 84.62% |
Government | 0.10% | 0.00% | 73.33% | 87.50% |
Derivative | 0.00% | 0.00% | 30.95% | 85.58% |
Securitized | 0.00% | 0.00% | 27.70% | 84.62% |
Municipal | 0.00% | 0.00% | 3.82% | 84.62% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SSIJX % Rank | |
---|---|---|---|---|
US | 83.34% | -1.04% | 80.93% | 86.54% |
Non US | 0.00% | -64.71% | 9.68% | 82.69% |
SSIJX - Expenses
Operational Fees
SSIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.92% | 0.73% | 9.52% | 4.85% |
Management Fee | 1.30% | 0.13% | 1.65% | 83.65% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.64% |
Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
SSIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SSIJX 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.
SSIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 326.00% | 30.00% | 483.00% | 64.04% |
SSIJX - Distributions
Dividend Yield Analysis
SSIJX | Category Low | Category High | SSIJX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.30% | 0.00% | 0.75% | 82.69% |
Dividend Distribution Analysis
SSIJX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
SSIJX | Category Low | Category High | SSIJX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.47% | -2.49% | 4.20% | 74.76% |
Capital Gain Distribution Analysis
SSIJX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 02, 2024 | $0.042 | OrdinaryDividend |
Apr 02, 2024 | $0.043 | OrdinaryDividend |
Mar 04, 2024 | $0.034 | OrdinaryDividend |
Feb 02, 2024 | $0.042 | OrdinaryDividend |
Dec 22, 2023 | $0.276 | OrdinaryDividend |
Jul 05, 2023 | $0.214 | OrdinaryDividend |
Dec 23, 2022 | $0.064 | OrdinaryDividend |
Jul 05, 2022 | $0.084 | OrdinaryDividend |
Jul 02, 2021 | $0.104 | OrdinaryDividend |
Jul 02, 2020 | $0.095 | OrdinaryDividend |
Dec 23, 2019 | $0.229 | OrdinaryDividend |
Jul 02, 2019 | $0.143 | OrdinaryDividend |
SSIJX - Fund Manager Analysis
Managers
George Douglas
Start Date
Tenure
Tenure Rank
May 25, 2012
10.02
10.0%
Portfolio Manager of the Hedged Convertible strategies SSI’s Chief Investment Officer Board of Director and Chairperson of the Executive Committee Prior to joining SSI, George was Director of Quantitative Equity Investments at CS First Boston Asset Management Named to Institutional Investor's "All American Research Team" four times MBA, Finance; MS, Statistics; BS, Mathematics, University of Wisconsin
Alexander Volz
Start Date
Tenure
Tenure Rank
May 25, 2012
10.02
10.0%
Alexander W. Volz. Mr. Volz has been a Portfolio Manager and Convertible Trader of SSI Investment Management, Inc. since 2006 and was a Vice President and Convertible Trader for SSI Investment Management, Inc. from 2002 to 2006. Mr. Volz has 20 years of experience in portfolio management and/or convertible securities trading. Prior to joining SSI Investment Management, Inc., Mr. Volz was a Convertible Trader for Southern Trading Partners and Wachovia Securities from 1997 to 2002. Mr. Volz received a B.A., Economics from Vanderbilt University in 1996.
Dagney Maseda
Start Date
Tenure
Tenure Rank
Aug 01, 2013
8.84
8.8%
Dagney Hollander is a portfolio manager at SSI and oversees the daily management of the Hedged Convertible investment portfolios. Her industry experience as a trading assistant, analyst and portfolio manager began since 2003. She received a BS in Finance, summa cum laude, from California State University, Northridge. She is a CFA Level III Candidate.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.59 | 6.3 | 9.42 |