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Morningstar

American Beacon SiM High Yld Opps A SHOAX

Morningstar Medalist Rating
Medalist Rating as of | See American Beacon Investment Hub
  • NAV / 1-Day Return 8.64  /  0.05 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.070%
  • Expense Ratio 1.080%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.92%
  • Effective Duration 3.50 years

USD | NAV as of May 31, 2023 | 1-Day Return as of May 31, 2023, 10:19 PM GMT+0

Morningstar’s Analysis SHOAX

Will SHOAX 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 SHOAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SHOAX 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 SHOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Highly differentiated, and high voltage

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

American Beacon SiM High Yield Opportunities’ strong issuer selection and differentiated approach to portfolio construction distinguish it from the pack; however, bold positioning and a compact portfolio make this strategy a high-voltage one, leading to a Morningstar Analyst Rating of Neutral for its cheaper share classes and Negative for the pricier ones.

by Chiayi Tsui
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SHOAX

More SHOAX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 7
  • Bond Holdings 72
  • Other Holdings 14
  • % Assets in Top 10 Holdings 22.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Navios South American Logistics Inc./ Navios Logistics Finance (US) Inc 10.

2.72
31,651,753
Corporate

Strathcona Resources Limited 6.875%

2.49
28,955,173
Corporate

Berry Petroleum Co LLC 7%

2.29
26,709,331
Corporate

Station Casinos LLC 4.5%

2.25
26,224,845
Corporate

Vector Group Ltd 10.5%

2.25
26,200,350
Corporate

Townsquare Media, Inc. 6.875%

2.25
26,149,608
Corporate

Victorias Secret and Co 4.625%

2.24
26,096,210
Corporate

TTM Technologies Inc 4%

2.15
25,060,365
Corporate

Euronav Luxembourg SA 6.25%

2.15
25,048,150
Corporate

Boyd Gaming Corporation 4.75%

2.10
24,416,608
Corporate