A recent subadvisor change to American Beacon Balanced dampens our confidence in management’s oversight and weakens the portfolio’s bond sleeve, driving a downgrade to the fund’s People rating to Average from Above Average. Its Morningstar Analyst Rating remains Neutral for its cheaper share classes, while its most expensive share class receives a downgrade to Negative from Neutral.
Will ABLSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABLSX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ABLSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of ABLSX’s parent organization’s priorities and whether they’re in line with investors’ interests.