Proven equity subadvisors and seasoned managers across the American Beacon Balanced team are encouraging despite recent turnover; however, an unconventional structure and reservations about the subadvisor selection process result in a Morningstar Analyst Rating of Neutral for the fund’s cheaper share classes and Negative for its priciest one.
Morningstar’s Fund Analysis ACBYX
Will ACBYX 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 ACBYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ACBYX 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 ACBYX’s parent organization’s priorities and whether they’re in line with investors’ interests.