Fund Facts  

Inception Date: Aug 1, 1994
CUSIP: 02368A828
Ticker Symbol: AABPX
Morningstar Category:Allocation--50% to 70% Equity
As of Mar 31, 2017
Fund Net Assets ($millions) $382

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks income and capital appreciation.

Principal Investment Strategies  

Under normal circumstances, between 50% and 70% of the fund's total assets are invested in equity securities and between 30% and 50% of the fund's total assets are invested in debt securities. The fund's equity investments may include common stocks, preferred stocks, securities convertible into common stocks, real estate investment trusts ("REITs"), American Depositary Receipts ("ADRs") and U.S. dollar-denominated foreign stocks traded on U.S. exchanges (collectively referred to as "stocks"). It may invest in companies of all market capitalizations.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
American Beacon Balanced Inva2.54%2.54%13.75%5.16%8.37%5.36%7.79%
Russell 1000 Value Indexa,b3.27%3.27%19.22%8.67%13.13%5.93%N/A
Morningstar Allocation -- 50% to 70% Equitya,c3.84%3.84%10.53%4.43%7.04%5.06%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa0.96%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Apr 3, 2017Apr 3, 2017$0.115600000
Dec 22, 2016Dec 22, 2016$0.067000000
Oct 3, 2016Oct 3, 2016$0.056000000
Jul 1, 2016Jul 1, 2016$0.064300000
Apr 1, 2016Apr 1, 2016$0.066900000
Dec 22, 2015Dec 22, 2015$0.762000000
Oct 1, 2015Oct 1, 2015$0.065300000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2017
Period Stars Category Size
Overall 3 Stars721
3-Year 3 Stars721
5-Year 4 Stars616
10-Year 3 Stars424

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2017
Equity Stylebox Fixed Income Stylebox
Large ValueMedium Moderate
Allocation of Assets As of Jan 31, 2017
Type of Asset Percent
Equity63%
Fixed Income31%
Cash/Other6%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jan 31, 2017
Asset ClassPercent
Domestic Stock54.9%
Foreign Stock8.2%
Domestic Bond29.7%
Foreign Bond1.8%
Preferred0.0%
Convertible0.0%
Cash5.4%
Other0.2%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Jan 31, 2017
SectorPercent
Government13.7%
Corporate11.1%
Securitized6.6%
Cash & Equivalents5.4%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Dec 31, 2016
Quality LevelPercent
AAA4.3%
AA63.0%
A16.0%
BBB16.7%
BB0.0%
B0.0%
Below B0.0%
Not Rated0.1%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Jan 31, 2017
Holding NamePercent
US Treasury Note 0.479%5.0%
S+p500 Emini Fut Mar17 Xcme 201703174.1%
Bank of America Corporation2.5%
Citigroup Inc2.5%
JPMorgan Chase & Co1.7%
American International Group Inc1.6%
BP PLC ADR1.5%
Microsoft Corp1.3%
Oracle Corp1.2%
General Motors Co1.1%
 

Statistics

Portfolio Statistics As of Mar 31, 2017
Statistic3-Year5-Year
Beta-0.28-0.32
Alpha5.848.90
Standard Deviation7.557.35
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.