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American Beacon CRESCENT SHORT DURATION HIGH INCOME fund

Portfolio information as of September 30, 2017
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is high current income with capital appreciation as a secondary objective.

STRATEGICALLY MANAGED,
TACTICALLY ALLOCATED

Crescent Capital Group LP, the Fund’s sub-advisor, is a boutique institutional investment firm focused on below investment-grade credit markets. The firm has experience managing debt investments through an entire credit and multiple market cycles while focusing on principal preservation, risk mitigation, and current income.

Firm inception: 1991

Portfolio Managers:

  • John Fekete, Managing Director;
    industry since 1994
  • Jonathan Insull, Managing Director;
    industry since 1987

A CREDIT-INTENSIVE RESEARCH PROCESS

Crescent uses a top-down approach to strategically allocate across fixed and floating rate, secured and unsecured, and public and private credit investments. In order to find securities with superior credit characteristics, the firm conducts disciplined credit research on each issuer. Crescent’s strategic approach to high-yield investment may allow investors to reduce the need to re-allocate among dedicated bank loan and high-yield strategies when market conditions change.

The goal of the Fund is to offer a high level of current income regardless of the overall credit or interest rate environment by investing in:

  • Senior Bank Loans – (Floating Rate)
  • High-Yield Bonds – (Fixed Rate)
  • Private Debt Investments
    – (Floating and Fixed Rate)

Total Fund Assets

$84.2 Million  

Sub-Advisor (%)

Crescent Capital Group LP 100%

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The Fund’s investments in high yield securities, including loans, restricted securities and floating rate securities, are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Crescent Short Duration High Income Fund are service marks of American Beacon Advisors, Inc.