American Beacon TwentyFour Strategic Income Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.1%
1 yr return
11.5%
3 Yr Avg Return
0.2%
5 Yr Avg Return
3.3%
Net Assets
$147 M
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TFGIX - Profile
Distributions
- YTD Total Return 2.1%
- 3 Yr Annualized Total Return 0.2%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.24%
- Dividend Yield 5.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAmerican Beacon TwentyFour Strategic Income Fund
-
Fund Family NameAmerican Beacon
-
Inception DateApr 03, 2017
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGary Kirk
Fund Description
TFGIX - Performance
Return Ranking - Trailing
Period | TFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -12.7% | 9.3% | 13.29% |
1 Yr | 11.5% | -9.6% | 26.8% | 3.40% |
3 Yr | 0.2%* | -17.6% | 17.9% | 36.59% |
5 Yr | 3.3%* | -13.4% | 14.7% | 12.99% |
10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | TFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -12.0% | 15.7% | 4.78% |
2022 | -26.2% | -31.8% | 18.4% | 98.89% |
2021 | -1.1% | -26.6% | 25.7% | 39.05% |
2020 | 4.4% | -49.2% | 18.7% | 21.45% |
2019 | 7.7% | -35.1% | 15.3% | 12.57% |
Total Return Ranking - Trailing
Period | TFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.1% | -12.7% | 9.3% | 13.29% |
1 Yr | 11.5% | -9.6% | 26.8% | 3.40% |
3 Yr | 0.2%* | -17.6% | 17.9% | 36.59% |
5 Yr | 3.3%* | -13.4% | 14.7% | 12.99% |
10 Yr | N/A* | -13.6% | 6.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TFGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.5% | -7.0% | 22.2% | 4.32% |
2022 | -12.0% | -31.8% | 21.1% | 75.63% |
2021 | 2.7% | -13.5% | 49.9% | 38.40% |
2020 | 8.4% | -28.6% | 24.1% | 18.44% |
2019 | 12.4% | -4.8% | 19.1% | 12.76% |
NAV & Total Return History
TFGIX - Holdings
Concentration Analysis
TFGIX | Category Low | Category High | TFGIX % Rank | |
---|---|---|---|---|
Net Assets | 147 M | 2.53 M | 143 B | 78.38% |
Number of Holdings | 179 | 4 | 9868 | 73.52% |
Net Assets in Top 10 | 57.3 M | -1.57 B | 65.8 B | 73.06% |
Weighting of Top 10 | 39.03% | 0.7% | 170.6% | 30.96% |
Top 10 Holdings
- U.S. Treasury Bills 12.00%
- U.S. Treasury Notes 8.62%
- U.S. Treasury Notes 4.60%
- American Beacon U.S. Government Money Market 4.52%
- U.S. Treasury Notes 1.87%
- Nationwide Building Society 1.83%
- U.S. Treasury Notes 1.58%
- Towd Point Mortgage Funding PLC 1.38%
- Coventry Building Society 1.36%
- Banco de Sabadell SA 1.28%
Asset Allocation
Weighting | Return Low | Return High | TFGIX % Rank | |
---|---|---|---|---|
Bonds | 93.78% | -150.81% | 203.29% | 37.75% |
Convertible Bonds | 22.13% | 0.00% | 33.50% | 1.25% |
Cash | 6.75% | -94.66% | 258.91% | 31.05% |
Stocks | 0.00% | -1.60% | 99.88% | 98.48% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 98.33% |
Other | -0.52% | -62.91% | 100.00% | 88.74% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TFGIX % Rank | |
---|---|---|---|---|
Corporate | 60.73% | 0.00% | 96.66% | 21.19% |
Government | 25.69% | 0.00% | 99.43% | 20.25% |
Securitized | 11.10% | 0.00% | 99.65% | 65.78% |
Cash & Equivalents | 4.52% | 0.00% | 88.14% | 38.32% |
Municipal | 0.00% | 0.00% | 54.26% | 98.12% |
Derivative | -0.52% | -62.91% | 37.37% | 82.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TFGIX % Rank | |
---|---|---|---|---|
Non US | 51.07% | 0.00% | 67.77% | 4.57% |
US | 42.71% | -151.11% | 203.29% | 80.37% |
TFGIX - Expenses
Operational Fees
TFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.01% | 20.67% | 60.55% |
Management Fee | 0.67% | 0.00% | 2.29% | 66.16% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 17.23% |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
TFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
TFGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.00% | 0.00% | 632.00% | 49.45% |
TFGIX - Distributions
Dividend Yield Analysis
TFGIX | Category Low | Category High | TFGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.10% | 0.00% | 23.30% | 40.87% |
Dividend Distribution Analysis
TFGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
TFGIX | Category Low | Category High | TFGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.24% | -1.55% | 11.51% | 38.95% |
Capital Gain Distribution Analysis
TFGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 02, 2024 | $0.036 | OrdinaryDividend |
Mar 04, 2024 | $0.036 | OrdinaryDividend |
Feb 02, 2024 | $0.042 | OrdinaryDividend |
Jan 02, 2024 | $0.032 | OrdinaryDividend |
Dec 04, 2023 | $0.038 | OrdinaryDividend |
Nov 02, 2023 | $0.038 | OrdinaryDividend |
Oct 03, 2023 | $0.036 | OrdinaryDividend |
Sep 05, 2023 | $0.039 | OrdinaryDividend |
Aug 02, 2023 | $0.038 | OrdinaryDividend |
Jul 05, 2023 | $0.040 | OrdinaryDividend |
Jun 02, 2023 | $0.040 | OrdinaryDividend |
May 02, 2023 | $0.038 | OrdinaryDividend |
Apr 04, 2023 | $0.030 | OrdinaryDividend |
Mar 02, 2023 | $0.034 | OrdinaryDividend |
Feb 02, 2023 | $0.046 | OrdinaryDividend |
Jan 03, 2023 | $0.045 | OrdinaryDividend |
Dec 23, 2022 | $1.048 | OrdinaryDividend |
Dec 02, 2022 | $0.045 | OrdinaryDividend |
Nov 02, 2022 | $0.041 | OrdinaryDividend |
Oct 04, 2022 | $0.042 | OrdinaryDividend |
Sep 01, 2022 | $0.041 | OrdinaryDividend |
Aug 01, 2022 | $0.039 | OrdinaryDividend |
Jul 01, 2022 | $0.034 | OrdinaryDividend |
Jun 02, 2022 | $0.035 | OrdinaryDividend |
May 02, 2022 | $0.036 | OrdinaryDividend |
Apr 01, 2022 | $0.033 | OrdinaryDividend |
Mar 01, 2022 | $0.031 | OrdinaryDividend |
Feb 01, 2022 | $0.036 | OrdinaryDividend |
Jan 03, 2022 | $0.041 | OrdinaryDividend |
Dec 02, 2021 | $0.035 | OrdinaryDividend |
Nov 02, 2021 | $0.034 | OrdinaryDividend |
Oct 04, 2021 | $0.031 | OrdinaryDividend |
Sep 02, 2021 | $0.032 | OrdinaryDividend |
Aug 03, 2021 | $0.036 | OrdinaryDividend |
Jul 02, 2021 | $0.025 | OrdinaryDividend |
Jun 02, 2021 | $0.033 | OrdinaryDividend |
May 04, 2021 | $0.031 | OrdinaryDividend |
Apr 05, 2021 | $0.030 | OrdinaryDividend |
Mar 01, 2021 | $0.026 | OrdinaryDividend |
Feb 02, 2021 | $0.031 | OrdinaryDividend |
Jan 04, 2021 | $0.031 | OrdinaryDividend |
Dec 02, 2020 | $0.032 | OrdinaryDividend |
Nov 03, 2020 | $0.035 | OrdinaryDividend |
Oct 02, 2020 | $0.028 | OrdinaryDividend |
Sep 02, 2020 | $0.030 | OrdinaryDividend |
Aug 04, 2020 | $0.031 | OrdinaryDividend |
Jul 02, 2020 | $0.031 | OrdinaryDividend |
Jun 02, 2020 | $0.026 | OrdinaryDividend |
May 04, 2020 | $0.029 | OrdinaryDividend |
Apr 02, 2020 | $0.028 | OrdinaryDividend |
Mar 03, 2020 | $0.030 | OrdinaryDividend |
Feb 04, 2020 | $0.028 | OrdinaryDividend |
Jan 02, 2020 | $0.027 | OrdinaryDividend |
Dec 03, 2019 | $0.027 | OrdinaryDividend |
Nov 04, 2019 | $0.029 | OrdinaryDividend |
Oct 02, 2019 | $0.030 | OrdinaryDividend |
Sep 04, 2019 | $0.037 | OrdinaryDividend |
Aug 02, 2019 | $0.032 | OrdinaryDividend |
Jul 02, 2019 | $0.030 | OrdinaryDividend |
Jun 04, 2019 | $0.032 | OrdinaryDividend |
May 02, 2019 | $0.039 | OrdinaryDividend |
Apr 02, 2019 | $0.037 | OrdinaryDividend |
Mar 04, 2019 | $0.028 | OrdinaryDividend |
Feb 04, 2019 | $0.035 | OrdinaryDividend |
Jan 02, 2019 | $0.041 | OrdinaryDividend |
Dec 21, 2018 | $0.107 | OrdinaryDividend |
Dec 04, 2018 | $0.020 | OrdinaryDividend |
Nov 02, 2018 | $0.034 | OrdinaryDividend |
Sep 05, 2018 | $0.045 | OrdinaryDividend |
Aug 02, 2018 | $0.035 | OrdinaryDividend |
Jul 03, 2018 | $0.031 | OrdinaryDividend |
Jun 04, 2018 | $0.032 | OrdinaryDividend |
May 02, 2018 | $0.039 | OrdinaryDividend |
Apr 03, 2018 | $0.036 | OrdinaryDividend |
Mar 02, 2018 | $0.036 | OrdinaryDividend |
Feb 02, 2018 | $0.038 | OrdinaryDividend |
Jan 03, 2018 | $0.040 | OrdinaryDividend |
Dec 04, 2017 | $0.038 | OrdinaryDividend |
Nov 02, 2017 | $0.045 | OrdinaryDividend |
Oct 03, 2017 | $0.038 | OrdinaryDividend |
Sep 05, 2017 | $0.035 | OrdinaryDividend |
Aug 02, 2017 | $0.036 | OrdinaryDividend |
Jul 05, 2017 | $0.041 | OrdinaryDividend |
Jun 02, 2017 | $0.047 | OrdinaryDividend |
May 02, 2017 | $0.040 | OrdinaryDividend |
TFGIX - Fund Manager Analysis
Managers
Gary Kirk
Start Date
Tenure
Tenure Rank
Apr 03, 2017
5.16
5.2%
Gary Kirk is a Portfolio Manager and one of the founding partners of TwentyFour AM since 2008. He is on the firm's Investment Committee, which sets the overall risk bias for the portfolios managed by the firm, and his main responsibility is managing the firm's Multi-Sector Bond team. Since 1988, Mr. Kirk has developed an expertise in fixed income markets across a variety of senior roles in asset management and investment banking, including leadership positions at Daiwa Capital, Royal Bank of Canada, CDC Group and Wachovia Bank. Mr. Kirk graduated in Biochemistry from the University of London.
Eoin Walsh
Start Date
Tenure
Tenure Rank
Apr 03, 2017
5.16
5.2%
Eoin Walsh is a Portfolio Manager and one of the founding partners of TwentyFour AM since 2008. He is on the firm's Investment Committee, which sets the overall risk bias for the portfolios managed by the firm, and his main responsibility is managing the firm's Multi-Sector Bond team. Since 1998, Mr. Walsh has developed an expertise in fixed income markets across a variety of roles including at Citigroup Alternative Investments. Mr. Walsh graduated in Accounting & Economics from the University of Limerick.
Mark Holman
Start Date
Tenure
Tenure Rank
Apr 03, 2017
5.16
5.2%
Mark has 24 years of experience in fixed-income markets, gained in a combination of senior roles in investment banking and asset management. Mark is one of the 9 partners of TwentyFour and serves as the Firm’s Risk Manager with responsibility both for independent market risk oversight of the Firm’s investment portfolios and maintaining the Firm’s risk measurement, management and reporting framework. Before founding TwentyFour in 2008, Mark was one of the original partners at Synapse Investment Management which he founded along with Graeme Anderson in June 2006. Prior to that Mark was a Managing Director at Barclays Capital in London where he established and led various units of its European fixed income distribution business. Mark joined Barclays Capital in March 1999. Prior to that he was an executive director at Lehman Brothers where for 5 years he played a key role in helping Lehman establish their European Credit Business. Mark began his investment banking career in 1990 with Morgan Stanley in fixed income.
Pierre Beniguel
Start Date
Tenure
Tenure Rank
Apr 03, 2017
5.16
5.2%
Pierre Beniguel is a Portfolio Manager in TwentyFour AM's Multi-Sector Bond team since 2014. He also manages foreign currency hedging and daily funding for a number of funds and managed accounts. He has over five years of experience, prior to TwentyFour AM, in fixed income and previously worked in WestLB's credit trading and special situations divisions. Mr. Beniguel graduated in Mathematics & Economics from University College London.
Felipe Villarroel
Start Date
Tenure
Tenure Rank
Aug 31, 2018
3.75
3.8%
Felipe Villarroel is a Portfolio Manager in TwentyFour AM's Multi-Sector Bond team since 2011 and is a member of the Investment Committee. Prior to joining TwentyFour AM, Mr. Villaroel worked as an Asset Allocation and Strategy Analyst at Celfin Capital in Chile, now part of the BTG Pactual group. There, Mr. Villarroel took an active role in developing the team's strategic view of the global macro economy and asset classes. Mr. Villarroel graduated from Pontificia Universidad Catolica de Chile with a Bachelor's degree in Economics and Business Administration before obtaining a master's in Finance from the London Business School. Mr. Villarroel is also a CFA Charterholder.
David Norris
Start Date
Tenure
Tenure Rank
Oct 28, 2021
0.59
0.6%
David joined TwentyFour in September 2018. Based in the New York office, he serves as the Head of US Credit as well as one of the portfolio managers of the Multi-Sector Bond team. He is a credit specialist with 30 years’ experience in fixed income markets gained across a variety of senior roles in asset management and investment banking in London, Frankfurt and New York. He has held leadership positions in high yield, credit derivatives, structured products and global credit trading at Credit Agricole, BNP Paribas, Greenwich Capital and UBS. Once a member of the infamous New York Cosmos soccer team, David went on to earn degrees in business at the University of British Columbia, Vancouver and law from the University of Reading in the UK.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |