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American Beacon Balanced A ABFAX

Analyst rating as of
NAV / 1-Day Return
14.39  /  0.07 %
Total Assets
190.0 Mil
Adj. Expense Ratio
1.020%
Expense Ratio
1.020%
Fee Level
Average
Longest Manager Tenure
31.82 years
Category
Allocation--50% to 70% Equity
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
1.52%
Turnover
82%
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Morningstar’s Analysis

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Portfolio Manager Changes at American Beacon Balanced; Ratings Unchanged

Analyst Note

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Fixed-income portfolio manager Rahul Bapna resigned from subadvisor Barrow, Hanley, Mewhinney & Strauss to pursue other opportunities. He has been removed from the management roster of American Beacon Balanced effective Aug. 31, 2021. BHMS subadvises this fund’s underlying multi-asset strategy that is managed similar to a traditional balanced portfolio and accounts for half of the overall fund’s allocation. Bapna became a manager on the fund in January 2019, where he was responsible for comanaging the fixed-income sleeve of the BHMS strategy alongside firm veterans Scott McDonald, Mark Luchsinger, and Deborah Petruzzelli. Each of the remaining three individuals have been named on the management roster for at least 17 years.

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