American Beacon SSI Alternative Income Fund R5 Class SSIJX
Strategy
The investment seeks income and, secondarily, absolute returns. The fund seeks primarily to implement its strategy by investing in convertible securities, including convertible preferred securities, and establishing short positions, or hedges, in the common stock or American Depositary Receipt (“ADR”) of the issuers of the convertible securities. It may also use other instruments to establish hedges, including exchange-traded funds (“ETFs”), options and currency forwards, as appropriate, to reduce unwanted exposures. The fund may have significant exposure to the Financial sector.
|
Ticker
|
Name
|
Share Class Type
|
Investment Status
|
Morningstar Rating for Funds
Overall
|
Medalist Rating
Overall
|
Inception Date
|
Total Net Assets for Share Class
|
Adjusted Expense Ratio
|
Fee Level
Distribution
|
Minimum Initial Investment
|
1-Year Net Flow
|
|---|---|---|---|---|---|---|---|---|---|---|---|
PSCAX
| American Beacon SSI Alternative Income Fund--Investor Class | No Load | Open | — | $1.18M | 1.260% | Below Average | $2,500 | −$650,016.07 | ||
PSCIX
| American Beacon SSI Alternative Income Fund --Y Class | Institutional | Open | — | $377.86M | 1.010% | Below Average | $100,000 | $68.25M | ||
SSIJX
| American Beacon SSI Alternative Income Fund R5 Class | Retirement, Large | Open | — | $26.98M | 0.940% | Low | $250,000 | −$1.11M |