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American Beacon Retirement Income and Appreciation Fund

Portfolio information as of September 30, 2014
  • 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

$101.9 Million  

Sub-Advisors (%)

American Beacon Advisors, Inc.* 75.1
Calamos Advisors LLC 24.9


Investing in fixed-income securities entails interest rate risk, which is the risk that fixed-income securities will decrease in value with increases in market interest rates. Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards. Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; and the decline in an issuer's credit rating can cause the price of its bonds to go down. 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.