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American Beacon Retirement Income and Appreciation Fund

Portfolio information as of December 31, 2015 Closed to new investors.
  • Summary
  • Performance
  • Overview

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 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 bond portfolio.

  • Calamos: Manages a convertible securities portfolio.


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

$17.3 Million  

Sub-Advisors (%)

American Beacon Advisors, Inc.* 76.4
Calamos Advisors LLC 23.6

*American Beacon manages directly a portion of the Fund and allocates the remaining assets to sub-advisors.

The use of fixed-income securities entails interest rate and credit risks. 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 Funds and American Beacon Retirement Income and Appreciation Fund are service marks of American Beacon Advisors, Inc.