American Beacon SiM High Yield Opportunities Fund A Class SHOAX

Morningstar Medalist Rating
  • NAV / 1-Day Return$9.10  /  −0.11%
  • Fund Size$2.4B
  • Adjusted Expense Ratio1.070%
  • Net Expense Ratio1.070%
  • Fee Level: DistributionHigh
  • Share Class TypeFront Load
  • Morningstar CategoryHigh Yield Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$2,500
  • Investment StatusOpen
  • TTM Yield6.08%
  • Average Effective Duration3.12 yrs

Morningstar’s Analysis SHOAX

Will SHOAX outperform in the future?

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

Strong execution, rising capacity pressures.

Associate Analyst Joe Bullard

Joe Bullard

Associate Analyst

Summary

American Beacon SiM High Yield Opportunities relies on a lean but seasoned team whose distinct investment approach has long differentiated the strategy, though its growing asset base and still-large investment in smaller issues raise capacity concerns. The strategy tends to sit on the higher-yielding, more volatile end of the high-yield bond Morningstar Category as a result, so investor patience is especially important.

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Portfolio Holdings SHOAX

  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings16.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cerdia Finanz Gmbh 9.375%

2.2150M
Corporate

Mcdermott Intl Ltd Sr Secured 144A Regs 07/31 10.

1.6938M
Corporate

Select Medical Corporation 6.25%

1.6337M
Corporate

Option Care Health Inc 4.375%

1.6136M
Corporate

Shearwater Geoservices Sr Secured 04/29 9.5

1.6136M
Corporate

Pediatrix Medical Group Inc 5.375%

1.6136M
Corporate

Charles River Laboratories International, Inc. 4%

1.6036M
Corporate

Mm Mirage Bluewater Ii Sr Secured 144a Regs 06/29 8.7

1.5936M
Corporate

Alpha Star Holding X Sr Unsecured Regs 08/29 6.125

1.5635M
Corporate

GEO Group Inc 10.25%

1.4834M
Corporate

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