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American Beacon Funds - American Beacon Crescent Short Duration High Income Fund (ACHIX)

8.56 0.00 (0.00%)
At close: December 9 at 8:00 PM EST

Fund Summary

Under normal circumstances, the fund will invest primarily in high yield fixed income securities and bank loans that are rated below investment grade. The fund's sub-advisor considers investments to be below investment grade if they are rated BB+ or lower by S&P Global Ratings or Fitch, Inc. and/or Ba1 or lower by Moody's Investors Service, Inc., or, if unrated, deemed to be below investment grade by Crescent Capital Group LP ("Crescent Capital"), the fund's sub-advisor.

American Beacon Funds - American Beacon Crescent Short Duration High Income Fund

American Beacon Advisors
4151 AMON CARTER BOULEVARD
800-658-5811

Fund Overview

Category High Yield Bond
Fund Family American Beacon
Net Assets 89.5M
YTD Return -7.22%
Yield 4.33%
Morningstar Rating
Inception Date Oct 01, 2014

Fund Operations

Last Dividend 0.00
Last Cap Gain 0.00
Holdings Turnover 91.00%
Average for Category --

Fees & Expenses

Expense ACHIX Category Average
Annual Report Expense Ratio (net) 0.86% 0.95%
Prospectus Net Expense Ratio 0.86% --
Prospectus Gross Expense Ratio 1.16% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 339 --
5 Yr Expense Projection 609 --
10 Yr Expense Projection 1,382 --

Management Information

John A. Fekete, Lead Manager since October 01, 2014
John A. Fekete joined Crescent in 2001 and is a Managing Director and a member of Crescent’s Management Committee. He is the Lead Portfolio Manager of Crescent’s High Yield Bond strategy and a Portfolio Manager of the Bank Loan strategy. Prior to joining the team in 2001, Mr. Fekete was a high yield research analyst at Triton Partners in New York City where he was responsible for investments in the gaming, lodging, telecommunications and cable television industries. He began his career at Philadelphia-based CoreStates Bank, where he served as a credit analyst in 1994. Mr. Fekete received an M.B.A. with distinction from Cornell University and a B.S. in Finance from The College of New Jersey.

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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