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Morningstar

American Beacon DevelopingWldIncFd-ACl AGUAX

Morningstar Medalist Rating
Medalist Rating as of | See American Beacon Investment Hub
  • NAV / 1-Day Return 7.22  /  +0.14 %
  • Total Assets 555.4 Mil
  • Adj. Expense Ratio
    1.420%
  • Expense Ratio 1.420%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Emerging Markets Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 9.03%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis AGUAX

Will AGUAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AGUAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AGUAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AGUAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin American Beacon DevelopingWldIncFd-ACl's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings AGUAX

More AGUAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

State Street Instl US Govt MMkt Slct

4.11 12.2 Mil
Cash and Equivalents

Uruguay (Republic of) 3.875%

3.73 11.1 Mil
Government

Zambezi B.V. 14%

2.85 8.4 Mil
Corporate

Argentina (Republic of) 5%

2.53 7.5 Mil
Government

Eur

2.33 6.9 Mil
Cash and Equivalents

Ivory Coast (Republic Of) 4.875%

2.17 6.4 Mil
Government

Kenya (Republic of) 18.4607%

2.15 6.4 Mil
Government

Tajikistan (Republic of) 7.125%

1.94 5.7 Mil
Government

Egypt (Arab Republic of) 6.375%

1.72 5.1 Mil
Government

Uzbekistan (The Republic of) 16.25%

1.69 5.0 Mil
Government