Fund Facts  

Inception Date: Aug 1, 1994
CUSIP: 02368A828
Ticker Symbol: AABPX
Morningstar Category:Allocation--50% to 70% Equity
As of Dec 31, 2018
Fund Net Assets ($millions) $273

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, 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 Dec 31, 2018
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
American Beacon Balanced Inva-11.11%-8.19%-8.19%4.89%3.74%8.41%7.23%
Russell 1000 Value Indexa,b-11.72%-8.27%-8.27%6.95%5.95%11.18%N/A
Morningstar Allocation -- 50% to 70% Equitya,c-8.66%-5.79%-5.79%4.71%3.67%8.33%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.

Fund Expensesa
Gross Expenses0.90%
Net Expenses0.90%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2018 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 Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 20, 2018Dec 20, 2018$1.124800000
Oct 1, 2018Oct 1, 2018$0.067300000
Jul 2, 2018Jul 2, 2018$0.068600000
Apr 2, 2018Apr 2, 2018$0.064900000
Dec 21, 2017Dec 21, 2017$1.024900000
Oct 2, 2017Oct 2, 2017$0.060100000
Jul 3, 2017Jul 3, 2017$0.069500000
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 Dec 31, 2018
Period Stars Category Size
Overall 3 Stars697
3-Year 3 Stars697
5-Year 3 Stars610
10-Year 3 Stars440

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 Dec 31, 2018
Equity Stylebox Fixed Income Stylebox
Large Value
Allocation of Assets As of Oct 31, 2018
Type of Asset Percent
Equity63%
Fixed Income34%
Cash/Other3%

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

 
 

Characteristics

Allocation of Assets As of Oct 31, 2018
Asset ClassPercent
Domestic Stock56.8%
Foreign Stock6.6%
Domestic Bond32.2%
Foreign Bond1.5%
Preferred0.0%
Convertible0.0%
Cash2.9%
Other0.0%

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

 
Fixed Income Sector As of Oct 31, 2018
SectorPercent
Government14.8%
Corporate12.2%
Securitized6.7%
Cash & Equivalents2.9%

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

 
Credit Quality As of Mar 31, 2018
Quality LevelPercent
AAA2.4%
AA57.8%
A19.1%
BBB19.2%
BB0.0%
B0.0%
Below B0.0%
Not Rated1.5%

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

 
Top Ten Holdings As of Oct 31, 2018
Holding NamePercent
United States Treasury Notes 2.35%5.1%
S+p500 Emini Fut Dec18 Xcme 201812212.6%
Citigroup Inc1.9%
General Motors Co1.8%
BP PLC ADR1.7%
Bank of America Corporation1.6%
JPMorgan Chase & Co1.6%
American International Group Inc1.5%
Comcast Corp Class A1.4%
ConocoPhillips1.4%
 

Statistics

Portfolio Statistics As of Dec 31, 2018
Statistic3-Year5-Year
BetaN/AN/A
AlphaN/AN/A
Standard Deviation8.398.00
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials 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 or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2018 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.