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American Beacon NIS Core Plus Bond C (NISCX)

8.28 +0.03 (+0.36%)
At close: 8:00 PM EDT

Fund Summary

The fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities and investments that provide exposure to fixed income securities. It seeks to invest primarily in a diversified mix of U.S. and U.S. dollar denominated foreign investment grade fixed income securities.

American Beacon NIS Core Plus Bond C

FORT WORTH TX 76155
4151 AMON CARTER BOULEVARD
8173916100

Fund Overview

Category Intermediate Core-Plus Bond
Fund Family American Beacon
Net Assets 6.2M
YTD Return -0.28%
Yield 2.98%
Morningstar Rating
Inception Date Sep 10, 2020

Fund Operations

Last Dividend 0.07
Last Cap Gain -14.00
Holdings Turnover 132.00%
Average for Category --

Fees & Expenses

Expense NISCX Category Average
Annual Report Expense Ratio (net) 0.78% 0.75%
Prospectus Net Expense Ratio 0.78% --
Prospectus Gross Expense Ratio 3.69% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.74%
Max Deferred Sales Load -- 1.41%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Thomas M. Price, Lead Manager since September 10, 2020
Tom Price, Co-Portfolio Manager, High Yield. Tom Price is a co-portfolio manager, High Yield for National Investment Services. He joined the firm in August 2020 and has over 25 years of investment experience. As a member of the high yield team, he is responsible for idea generation, credit research, structure and collateral analysis. Prior to joining National Investment Services, Tom had multiple roles at Wells Fargo Asset Management where he served as a credit analyst, portfolio manager and team (2005-2020). Prior to joining Wells Fargo, Tom was a high yield bond and private placement analyst at Northwestern Mutual Life Insurance. Tom holds a B.A. in business administration from the University of Michigan and an M.B.A. in finance from the Kellogg Graduate School of Management at Northwestern University.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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