|American Beacon Retire Inc & Apprec C|
American Beacon Advisors4151 AMON CARTER BOULEVARDFORT WORTH TX 76155
|Fund Family:||American Beacon|
|Fund Inception Date:||Sep 1, 2010|
|Gary D. Black|
Lead Manager since Sep 5, 2012
|Gary D. Black oversees Calamos’ portfolio management, trading, research and risk management in partnership with John P. Calamos, Sr., with whom he leads the Investment Committee.
Prior to joining Calamos in 2012, he served as Founder, Chief Executive Officer and Chief Investment Officer of Black Capital, LLC, where he created and led an investment management team specializing in a long/short equity strategy.
Prior to that, Mr. Black served as Chief Executive Officer and Chief Investment Officer of Janus Capital Group and previously was Chief Investment Officer of Global Equities at Goldman Sachs Asset Management (GSAM). He also led GSAM’s U.S. distribution efforts.
Previously, Mr. Black was Executive Vice President and Head of AllianceBernstein’s Global Institutional Business. He started as a research analyst and was ranked the top analyst in his category in Institutional Investor’s “All America Research Team” from 1992 – 1998.
Gary D. Black|
|Min Initial Investment:||1,000|
|Min Initial Investment, IRA:||1,000|
|Min Initial Investment, AIP:||1,000|
|Min Subsequent Investment:||50|
|Min Subsequent Investment, IRA:||N/A|
|Min Subsequent Investment, AIP:||50||
|The investment seeks income and capital appreciation.
The fund normally invests approximately 75% of its total assets in fixed-income securities considered by the Manager or sub-advisor to be investment grade at the time of purchase. Under normal circumstances, the Manager seeks to maintain a weighted average duration of three to seven years in the investment grade fixed-income portion of the fund. The sub-advisor invests in convertible securities but may invest up to 60% of its portion of the fund's total assets in non-convertible fixed-income securities.|
|Last Cap Gain
(Dec 21, 2014)
|Annual Holdings Turnover
(Jan 21, 2015)
|Average for Category:||31.19%|
|Annual Report Expense Ratio (net):||1.94%||0.47%|
|Prospectus Net Expense Ratio:||1.86%||N/A|
|Prospectus Gross Expense Ratio:||1.89%||N/A|
|Max 12b1 Fee:||1.00%||N/A|
|Max Front End Sales Load:||N/A||4.66%|
|Max Deferred Sales Load:
|3 Yr Expense Projection*:||591||489|
|5 Yr Expense Projection*:||1,018||757|
|10 Yr Expense Projection*:||2,209||1,497|