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.
American Beacon Balanced Adv ABLSX
NAV / 1-Day Return
14.30
/
0.42
%
Total Assets
175.7 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.140%
Expense Ratio
1.140%
Fee Level
High
Longest Manager Tenure
33.62
years
Category
Allocation--50% to 70% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
1.42%
Turnover
82%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ABLSX 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 ABLSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of ABLSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Uncharacteristic changes lead to a streamlined but less robust lineup.
