Morningstar

American Beacon SiM High Yield Opportunities Fund C Class SHOCX

Morningstar Medalist Rating
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Medalist Rating as of See American Beacon Investment Hub
  • NAV / 1-Day Return $9.26  /  0.00
  • Fund Size $2.4B
  • Adjusted Expense Ratio 1.810%
  • Net Expense Ratio 1.810%
  • Fee Level: Distribution High
  • Share Class Type Level Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 5.28%
  • Average Effective Duration 2.90 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SHOCX

Will SHOCX outperform in the 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 SHOCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

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.

by Joe Bullard
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Portfolio Holdings SHOCX

More SHOCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

U.S. Government Money Market S

2.34 54M
Cash and Equivalents

Cerdia Finanz Gmbh 9.375%

1.91 44M
Corporate

Select Medical Corporation 6.25%

1.66 38M
Corporate

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

1.65 38M
Corporate

Charles River Laboratories International, Inc. 4%

1.60 37M
Corporate

Shearwater Geoservices Sr Secured 04/29 9.5

1.58 36M
Corporate

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

1.56 36M
Corporate

Firstcash Inc 6.125%

1.50 35M
Corporate

GEO Group Inc 10.25%

1.48 34M
Corporate

Borr Drilling Ltd. 3.5%

1.46 33M
Corporate

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