Investment Objective
A multi-manager Fund seeking income and capital appreciation by investing primarily in investment-grade fixed-income securities and, to a lesser degree, in convertible and non-convertible debt obligations without regard to credit quality, as well as equity securities, warrants and options.
Key Points
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Approximately 75% of the Fund’s total assets are invested in fixed-income securities considered investment-grade at the time of purchase. This investment-grade portion of the Fund seeks to maintain a weighted average duration of three to seven years.
- In an attempt to enhance the return of the Fund beyond the income offered by investment-grade fixed-income securities, the Fund’s remaining total assets (approximately 25%) are invested in a convertibles strategy comprised of convertible and nonconvertible debt obligations including non-investment-grade, convertible and non-convertible equity securities, warrants and options.
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Prior to 12/31/2009, the Fund was known as the American Beacon Enhanced Income Fund.
Sub-Advisors (%)
| American Beacon Advisors, Inc. |
74.1
|
| Calamos Advisors LLC |
25.9
|