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American Beacon SiM High Yield Opportunities Fund
mutual fund
SHOAX
Payout Change
Pending
Price as of:
$9.21
+0.0
+0.0%
primary theme
High Yield Bond
share class
SHOAX (Mutual Fund)
American Beacon SiM High Yield Opportunities Fund
Payout Change
Pending
Price as of:
$9.21
+0.0
+0.0%
primary theme
High Yield Bond
share class
SHOAX (Mutual Fund)
American Beacon SiM High Yield Opportunities Fund
Payout Change
Pending
Price as of:
$9.21
+0.0
+0.0%
primary theme
High Yield Bond
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.5%
1 yr return
10.2%
3 Yr Avg Return
4.4%
5 Yr Avg Return
5.5%
Net Assets
$1.7 B
Holdings in Top 10
16.5%
52 WEEK LOW AND HIGH
$9.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SHOAX - Profile
Distributions
- YTD Total Return 9.5%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.78%
- Dividend Yield 6.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Beacon SiM High Yield Opportunities Fund
-
Fund Family NameAmerican Beacon
-
Inception DateFeb 14, 2011
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGary Pokrzywinski
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in non-investment grade securities and/or financial instruments that provide exposure to non-investment grade securities.
This Fund seeks to maximize current income by investing in a diversified portfolio of debt securities that are generally rated below investment grade (such as Ba or lower by Moody’s Investors Service, Inc. or BB or lower by S&P Global Ratings or Fitch, Inc.) or, if unrated, are deemed to be below investment grade by the Fund’s sub-advisor, Strategic Income Management, LLC (“SiM”). These types of securities are commonly referred to as “high yield” or “junk” bonds. The Fund has no limitation on investments in unrated securities.
The non-investment grade securities in which the Fund may invest include: (1) corporate bonds, (2) convertible securities, including convertible preferred securities, (3) preferred stock, and (4) variable and floating rate securities. The Fund’s investments in financial instruments that provide exposure to non-investment grade securities are in the form of derivative instruments, which may be used to substitute for investing directly in non-investment grade securities or to decrease (i.e., hedge) or increase the Fund’s exposure to principal risks that are associated with non-investment grade securities, such as credit risk, high-yield securities risk and interest rate risk. These instruments include: (1) futures contracts, (2) swap agreements (including credit default swaps, equity swaps, interest rate swaps and total return swaps), and (3) warrants.
In selecting investments for the Fund, SiM uses an approach that combines different aspects of top-down and bottom-up analysis. As part of its top-down analysis, SiM utilizes a core philosophy to identify positive long-term trends. SiM then invests in sectors, industries and companies that will benefit from these trends. Concurrent with this core philosophy, SiM’s management seeks to take advantage of market volatility by analyzing and potentially investing in sectors, industries and companies undergoing a change in dynamics that has not been fully recognized by the market. Market volatility continually provides opportunities to capture value from these types of situations. Once potential investment opportunities are identified, SiM utilizes bottom-up research to assess the fundamental strengths and weaknesses of each individual company and the best risk/reward security is chosen for inclusion in the portfolio.
SiM may reduce or sell the Fund’s portfolio securities for a variety of reasons, including if, in SiM’s opinion, a security’s value becomes fully recognized or there is a reassessment of the fundamental attributes of the security. The Fund has no limitations regarding the maturities of the debt securities it can hold. SiM may use derivative instruments to manage the effective duration of the Fund’s portfolio.
The Fund may invest in securities of foreign issuers, including those in emerging markets. The Fund may have exposure to non-U.S. currencies, including emerging market currencies, for investment or hedging purposes by purchasing or selling foreign currency forward contracts, including non-deliverable foreign currency forwards, currency swaps and non-U.S. currency futures contracts. The Fund may also make direct investments in non-U.S. currencies and in securities denominated in non-U.S. currencies. Investments in currencies and currency hedging are established to extract value or reduce risk.
The remainder of the Fund’s assets may be invested in any other securities that SiM believes are consistent with the Fund’s objective, including investment grade fixed-income securities, Treasury futures, securities issued by the U.S. government and government-sponsored enterprises, “covenant-lite” obligations and income-producing equity securities, including securities that pay dividends. The Fund may also hold certain equity securities from time to time as a result of a restructuring transaction involving a fixed income security. The Fund can invest in securities that are not registered and thus restricted in their ability to be traded. The Fund may invest cash balances in other investment companies, including a government money market fund advised by the Manager, with respect to which the Manager also receives a management fee.
SHOAX - Performance
Return Ranking - Trailing
| Period | SHOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -8.8% | 17.7% | 9.41% |
| 1 Yr | 10.2% | -9.2% | 18.4% | 5.45% |
| 3 Yr | 4.4%* | -14.6% | 21.0% | 8.29% |
| 5 Yr | 5.5%* | -12.0% | 36.6% | 7.87% |
| 10 Yr | 5.4%* | -4.8% | 20.1% | 7.09% |
* Annualized
Return Ranking - Calendar
| Period | SHOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -4.7% | 14.3% | 57.89% |
| 2022 | -12.0% | -33.4% | 3.6% | 13.79% |
| 2021 | 3.0% | -8.4% | 8.2% | 8.97% |
| 2020 | -0.6% | -13.2% | 302.7% | 60.75% |
| 2019 | 5.6% | -4.4% | 13.3% | 77.92% |
Total Return Ranking - Trailing
| Period | SHOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -8.8% | 17.7% | 9.41% |
| 1 Yr | 10.2% | -9.2% | 18.4% | 5.45% |
| 3 Yr | 4.4%* | -14.6% | 21.0% | 8.29% |
| 5 Yr | 5.5%* | -12.0% | 36.6% | 7.87% |
| 10 Yr | 5.4%* | -4.8% | 20.1% | 7.09% |
* Annualized
Total Return Ranking - Calendar
| Period | SHOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.2% | -4.7% | 18.7% | 50.66% |
| 2022 | -6.9% | -33.4% | 47.8% | 13.95% |
| 2021 | 8.5% | -8.4% | 12.4% | 7.24% |
| 2020 | 6.6% | -9.6% | 325.6% | 26.29% |
| 2019 | 12.6% | -3.8% | 21.6% | 68.07% |
NAV & Total Return History
SHOAX - Holdings
Concentration Analysis
| SHOAX | Category Low | Category High | SHOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.7 B | 3.13 M | 25.3 B | 31.80% |
| Number of Holdings | 115 | 2 | 3879 | 91.76% |
| Net Assets in Top 10 | 270 M | -492 M | 5.25 B | 26.69% |
| Weighting of Top 10 | 16.55% | 4.2% | 146.0% | 32.45% |
Top 10 Holdings
- Samhallsbyggnadsbolaget i Norden AB 1.92%
- SeaWorld Parks Entertainment, Inc. 1.75%
- Paratus Energy Services Ltd. 1.69%
- GEO Group, Inc. 1.68%
- Borr IHC Ltd./Borr Finance LLC 1.68%
- Boyd Gaming Corp. 1.65%
- Vector Group Ltd. 1.60%
- Euronav Luxembourg SA 1.58%
- Churchill Downs, Inc. 1.51%
- Upstart Holdings, Inc. 1.50%
Asset Allocation
| Weighting | Return Low | Return High | SHOAX % Rank | |
|---|---|---|---|---|
| Bonds | 94.35% | 0.00% | 145.36% | 56.56% |
| Convertible Bonds | 6.22% | 0.00% | 17.89% | 2.80% |
| Cash | 2.78% | -52.00% | 48.02% | 67.71% |
| Preferred Stocks | 2.16% | 0.00% | 4.97% | 3.13% |
| Stocks | 0.92% | 0.00% | 97.54% | 35.25% |
| Other | -0.21% | -39.08% | 99.86% | 96.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SHOAX % Rank | |
|---|---|---|---|---|
| Energy | 91.84% | 0.00% | 100.00% | 17.21% |
| Real Estate | 8.16% | 0.00% | 86.71% | 15.43% |
| Utilities | 0.00% | 0.00% | 100.00% | 62.31% |
| Technology | 0.00% | 0.00% | 33.17% | 64.69% |
| Industrials | 0.00% | 0.00% | 93.12% | 64.69% |
| Healthcare | 0.00% | 0.00% | 22.17% | 57.86% |
| Financial Services | 0.00% | 0.00% | 100.00% | 64.09% |
| Communication Services | 0.00% | 0.00% | 99.99% | 76.85% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 59.94% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 69.73% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 62.31% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SHOAX % Rank | |
|---|---|---|---|---|
| US | 0.92% | 0.00% | 97.54% | 35.26% |
| Non US | 0.00% | -0.01% | 2.00% | 55.35% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SHOAX % Rank | |
|---|---|---|---|---|
| Corporate | 99.60% | 0.00% | 100.00% | 3.30% |
| Cash & Equivalents | 1.33% | 0.00% | 48.02% | 75.29% |
| Securitized | 0.00% | 0.00% | 97.24% | 73.60% |
| Municipal | 0.00% | 0.00% | 1.17% | 52.31% |
| Government | 0.00% | 0.00% | 99.07% | 66.01% |
| Derivative | -0.21% | -14.58% | 42.26% | 98.35% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SHOAX % Rank | |
|---|---|---|---|---|
| US | 86.14% | 0.00% | 126.57% | 81.38% |
| Non US | 8.22% | 0.00% | 96.91% | 12.52% |
SHOAX - Expenses
Operational Fees
| SHOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.16% | 0.02% | 38.33% | 35.53% |
| Management Fee | 0.72% | 0.00% | 1.75% | 88.51% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 35.22% |
| Administrative Fee | N/A | 0.00% | 0.50% | 87.07% |
Sales Fees
| SHOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.75% | 2.25% | 5.75% | 7.45% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SHOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 12.50% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SHOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 1.00% | 255.00% | 42.27% |
SHOAX - Distributions
Dividend Yield Analysis
| SHOAX | Category Low | Category High | SHOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.26% | 0.00% | 11.76% | 35.19% |
Dividend Distribution Analysis
| SHOAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| SHOAX | Category Low | Category High | SHOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.78% | -2.39% | 9.30% | 6.71% |
Capital Gain Distribution Analysis
| SHOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 27, 2024 | $0.048 | OrdinaryDividend |
| Oct 30, 2024 | $0.049 | OrdinaryDividend |
| Sep 27, 2024 | $0.045 | OrdinaryDividend |
| Aug 30, 2024 | $0.054 | OrdinaryDividend |
| Jul 30, 2024 | $0.051 | OrdinaryDividend |
| Apr 29, 2024 | $0.049 | OrdinaryDividend |
| Mar 27, 2024 | $0.051 | OrdinaryDividend |
| Feb 29, 2024 | $0.051 | OrdinaryDividend |
| Jan 31, 2024 | $0.049 | OrdinaryDividend |
| Dec 29, 2023 | $0.050 | OrdinaryDividend |
| Nov 30, 2023 | $0.050 | OrdinaryDividend |
| Oct 31, 2023 | $0.047 | OrdinaryDividend |
| Sep 29, 2023 | $0.047 | OrdinaryDividend |
| Aug 31, 2023 | $0.043 | OrdinaryDividend |
| Jul 31, 2023 | $0.046 | OrdinaryDividend |
| Jun 30, 2023 | $0.051 | OrdinaryDividend |
| May 31, 2023 | $0.053 | OrdinaryDividend |
| Apr 28, 2023 | $0.049 | OrdinaryDividend |
| Mar 31, 2023 | $0.046 | OrdinaryDividend |
| Feb 28, 2023 | $0.045 | OrdinaryDividend |
| Jan 31, 2023 | $0.047 | OrdinaryDividend |
| Dec 29, 2022 | $0.041 | OrdinaryDividend |
| Nov 29, 2022 | $0.043 | OrdinaryDividend |
| Oct 28, 2022 | $0.044 | OrdinaryDividend |
| Sep 29, 2022 | $0.038 | OrdinaryDividend |
| Aug 30, 2022 | $0.043 | OrdinaryDividend |
| Jul 28, 2022 | $0.043 | OrdinaryDividend |
| Jun 29, 2022 | $0.036 | OrdinaryDividend |
| May 30, 2022 | $0.038 | OrdinaryDividend |
| Apr 28, 2022 | $0.039 | OrdinaryDividend |
| Mar 30, 2022 | $0.033 | OrdinaryDividend |
| Feb 25, 2022 | $0.033 | OrdinaryDividend |
| Jan 28, 2022 | $0.039 | OrdinaryDividend |
| Dec 31, 2021 | $0.033 | OrdinaryDividend |
| Nov 30, 2021 | $0.028 | OrdinaryDividend |
| Oct 29, 2021 | $0.043 | OrdinaryDividend |
| Sep 30, 2021 | $0.041 | OrdinaryDividend |
| Aug 31, 2021 | $0.041 | OrdinaryDividend |
| Jun 30, 2021 | $0.041 | OrdinaryDividend |
| May 28, 2021 | $0.049 | OrdinaryDividend |
| Apr 30, 2021 | $0.045 | OrdinaryDividend |
| Mar 31, 2021 | $0.046 | OrdinaryDividend |
| Feb 26, 2021 | $0.041 | OrdinaryDividend |
| Jan 29, 2021 | $0.048 | OrdinaryDividend |
| Dec 31, 2020 | $0.049 | OrdinaryDividend |
| Dec 01, 2020 | $0.047 | OrdinaryDividend |
| Nov 02, 2020 | $0.060 | OrdinaryDividend |
| Oct 01, 2020 | $0.055 | OrdinaryDividend |
| Sep 01, 2020 | $0.046 | OrdinaryDividend |
| Aug 03, 2020 | $0.052 | OrdinaryDividend |
| Jul 01, 2020 | $0.049 | OrdinaryDividend |
| Jun 01, 2020 | $0.044 | OrdinaryDividend |
| May 01, 2020 | $0.039 | OrdinaryDividend |
| Apr 01, 2020 | $0.047 | OrdinaryDividend |
| Mar 02, 2020 | $0.042 | OrdinaryDividend |
| Feb 03, 2020 | $0.046 | OrdinaryDividend |
| Dec 31, 2019 | $0.047 | OrdinaryDividend |
| Dec 02, 2019 | $0.044 | OrdinaryDividend |
| Nov 01, 2019 | $0.046 | OrdinaryDividend |
| Oct 01, 2019 | $0.046 | OrdinaryDividend |
| Sep 03, 2019 | $0.046 | OrdinaryDividend |
| Aug 01, 2019 | $0.050 | OrdinaryDividend |
| Jul 01, 2019 | $0.047 | OrdinaryDividend |
| Dec 22, 2014 | $0.138 | CapitalGainShortTerm |
| Dec 22, 2014 | $0.148 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.090 | CapitalGainShortTerm |
| Dec 20, 2013 | $0.141 | CapitalGainLongTerm |
| Dec 20, 2012 | $0.032 | CapitalGainLongTerm |
SHOAX - Fund Manager Analysis
Managers
Gary Pokrzywinski
Start Date
Tenure
Tenure Rank
Feb 14, 2011
11.3
11.3%
Mr. Pokrzywinski is the Lead High Yield Portfolio Manager for SiM. He has 28+ years of experience in the fixed income financial markets. He currently manages the Morningstar 5-star*, American Beacon SiM High Yield Opportunities mutual fund, and prior to founding SiM managed the Morningstar 5-star**, Principal High Yield mutual fund from its inception in April 1998 to May 2009. Prior to SiM, He was the CIO and a High Yield Portfolio Manager for Edge Asset Management (and its predecessor), an affiliate of Principal Financial Group. He worked for Edge and its predecessor from 1992 to 2009. Prior, Mr. Pokrzywinski was an investment officer/portfolio manager for Firstar Investment Services Co. He received a bachelor's degree in finance and management information systems from the University of Wisconsin - Milwaukee. Mr. Pokrzywinski earned the right to use the Chartered Financial Analyst designation in 1989 and is a member of the CFA Society of Seattle.
Brian Placzek
Start Date
Tenure
Tenure Rank
Feb 14, 2011
11.3
11.3%
Mr. Placzek is the High Yield Portfolio Manager for SiM. He has 30+ years of experience in investment management and financial analysis, and currently manages the Morningstar 5-star*, American Beacon SiM High Yield Opportunities mutual fund. Prior to SiM, Mr. Placzek was Head of Fixed Income/Research at Edge Asset Management, an affiliate of Principal Global Investors. At Edge he worked with Mr. Pokrzywinski on the Principal High Yield Mutual Fund from its inception in 1998 until the Mr. Pokrzywinski’s departure in 2009. Mr. Placzek worked at Edge (and its predecessor) from 1990 to 2010. Prior to Edge he had been at Washington Mutual Bank, where he worked as an investment grade and high yield bond analyst/trader. Mr. Placzek earned the right to use the Chartered Financial Analyst designation in 1994, is a member of the CFA Society of Seattle and received a bachelor’s degree in liberal arts from Seattle University.
Ryan Larson
Start Date
Tenure
Tenure Rank
Dec 28, 2018
3.42
3.4%
Mr. Larson is the Lead Portfolio Manager for the SiM APEX Value Fund LP. Mr. Larson is responsible for portfolio management, investment research and analytics. He has 8 years of experience in investments. Prior to SiM, Mr. Larson was a research analyst at Caelum Capital, a Los Angeles based equity long-short hedge fund, from 2009 to 2010. Before Caelum Capital, Mr. Larson worked under the direction of a Managing Director at Wells Fargo in Seattle, Washington from 2008 to 2009. Mr. Larson earned the right to use the Chartered Financial Analyst designation in 2012 and is a member of the CFA Society of Seattle. Mr. Larson is also a member of the Chartered Alternative Investment Analyst Association (CAIA). Mr. Larson graduated with honors from Brown University with a bachelor’s degree in Commerce, Organizations and Entrepreneurship.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
