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 nonconvertible debt obligations without regard to credit quality, as well as equity securities, warrants and options.
The Fund is sub-advised by two
complementary asset managers:
American Beacon: Uses a top-down process
to manage an investment-grade, intermediate-term
Calamos: Manages a convertible securities portfolio.
BEST OF BOTH WORLDS
Convertible securities have equity-like characteristics
that allow them to participate in strong equity markets,
as well as fixed-income characteristics that help them
protect when equity prices decline.
When equity markets are poor, the fund acts more
like a bond fund.
When equity markets do well, the convertibles
portion participates in that growth, and those gains
are used to grow the income-producing bond portion
of the fund.
Total Fund Assets
|American Beacon Advisors, Inc.*||
|Calamos Advisors LLC||
*American Beacon manages directly a portion of the Fund and allocates the remaining assets to sub-advisors.