Nasdaq - Delayed Quote USD

American Beacon SSI Alternative Inc Inv (PSCAX)

9.98
-0.01
(-0.10%)
At close: 8:01:04 PM EST

Fund Summary

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.

American Beacon SSI Alternative Inc Inv

FORT WORTH TX 76155
4151 AMON CARTER BOULEVARD
8173916100

Fund Overview

Category Relative Value Arbitrage
Fund Family American Beacon
Net Assets 195.14M
YTD Return 9.04%
Yield 4.58%
Morningstar Rating
Inception Date May 25, 2012

Fund Operations

Last Dividend 0.46
Last Cap Gain -13.00
Holdings Turnover 127.00%
Average for Category --

Fees & Expenses

Expense PSCAX Category Average
Annual Report Expense Ratio (net) 1.53% 1.79%
Prospectus Net Expense Ratio 1.53% --
Prospectus Gross Expense Ratio 2.22% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.88%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

George M Douglas, Lead Manager since May 25, 2012
Portfolio Manager of the Hedged Convertible strategies SSI’s Chief Investment Officer Board of Director and Chairperson of the Executive Committee Prior to joining SSI, George was Director of Quantitative Equity Investments at CS First Boston Asset Management Named to Institutional Investor's "All American Research Team" four times MBA, Finance; MS, Statistics; BS, Mathematics, University of Wisconsin

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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