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American Beacon AHL TREND ETF

Portfolio information as of February 22, 2024
MARKET PRICE Market Price: The price at which Fund shares are bought and sold, which may be below, at, or above NAV. The Market Price Returns are calculated based on the Fund’s official closing price on the listing exchange.
as of February 22, 2024

$23.30

MARKET PRICE CHANGE (DAILY)
as of February 22, 2024

$0.56

(2.46%)

NAV NAV: The dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
as of February 22, 2024

$23.34

NAV CHANGE (DAILY)
as of February 22, 2024

$0.49

(2.14%)

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end and quarter-end, click the PERFORMANCE tab below.
  • Summary
  • Performance
  • Portfolio
  • Resources

Investment Objective

The Fund’s investment objective is capital growth.

ONE OF THE WORLD'S LARGEST INDEPENDENT ALTERNATIVE
INVESTMENT MANAGERS

Founded in London in 1783, Man Group (“Man”), AHL’s parent company, is one of the largest publicly listed global hedge fund providers in the world. Worldwide, Man boasts more than 300 dedicated investment professionals. AHL’s assets under management include a large institutional capital base, including endowments, insurance companies, pension funds and sovereign wealth funds.

Firm inception: 1987

Portfolio managers:

  • Russell Korgaonkar; industry since 2001
  • Otto van Hemert; industry since 2008

ROBUST STATISTICAL RESEARCH

The ETF will seek to capitalize on the price trends in a broad range of more than 20 global markets. Reflecting the core of AHL's investment philosophy, the ETF is 100% systematic, with no subjective buy or sell decisions. Trend-following strategies have low correlation with traditional asset classes, making them a potentially powerful diversifier for any portfolio. Over time, trend-following products have demonstrated these characteristics:

  • Low correlations to other asset classes
  • Potential to profit in rising and falling markets
PeriodDays Traded at PremiumDays Traded at Discount
1Q 20242313
4Q 20234122
3Q 2023174

The inception date of the ETF is 8/30/2023; thus 3Q 2023 is not a complete quarter.

Sub Advisor %

AHL Partners LLP ("AHL")100%


Ticker

AHLT

CUSIP

02368W309

ISIN

US02368W3097

EXCHANGE

NYSE Arca, Inc.

INCEPTION DATE

8/30/2023

NUMBER OF HOLDINGS

180

Shares Outstanding

1,550,001

Expense Ratio Expense Ratio: The Fund's total annual operating expenses as a percentage of your investment. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the expense ratio.

0.95%

MEDIAN BID / ASK SPREAD 30-Day Median Bid/Ask Spread: The midpoint of the differences between the "bid" price (what investors are willing to pay) and the "ask" price (at which they are willing to sell Fund shares) on the listing exchange over the last 30 calendar days.

0.00

DISCOUNT / PREMIUM Discount/Premium: The negative or positive difference between the market price and NAV at the time as of which the NAV is calculated, expressed as a percentage of NAV. The table shows the number of days the Fund traded at a premium, at a discount, or at NAV during various periods. The line graph shows the discount (negative) and the premium (positive) amount on the vertical axis and the date on which the premium/discount occurred on the horizontal axis.

-0.167922%



Correlation: Correlation is a measure of how two assets perform in relation to each other. Assets that are strongly correlated (with a measure near 1) tend to move together, while uncorrelated assets (with a measure near -1) tend to move in opposite directions.

Long/Short: The value of a long position in an asset moves in the same direction as its market price. The value of a short position in an asset moves in the opposite direction as its market price.

Trend-Following Strategy: A systematic, rules-based investment strategy that can generally go long or short futures contracts across equities, fixed income, commodities, and foreign-exchange markets.

All investing involves risk, including possible loss of principal. The Fund is actively managed, and there can be no assurances that its investment objectives will be met. Derivative instruments, including futures contracts and foreign currency forward contracts, may be highly sensitive to market factors, have less liquidity than other investments and involve the potential for losses to exceed the amount invested. Futures contracts may not produce the desired results due to lack of correlation with the underlying assets. The Fund’s ability to invest long and short in a trend-following strategy does not assure that the Fund can avoid losses. Diversification does not assure a profit nor protect against loss. Investing in foreign markets may involve heightened risk due to currency fluctuations and economic and political risks. Quantitative models may not perform as expected and may result in losses for the Fund. The Fund may distribute higher capital gains than other ETFs. Regulatory changes may impair the Fund’s ability to qualify for federal income tax treatment as a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks.

This information must be preceded or accompanied by a prospectus or summary prospectus. Click here to view or download a prospectus or summary prospectus. Read it carefully before you invest.

The Fund is new and has a limited operating history.

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted.

Foreside Financial Services, LLC is the distributor of the American Beacon ETFs and is not affiliated with American Beacon or its sub-advisors. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon AHL Trend ETF is a service mark of American Beacon Advisors, Inc.