Investment Objective
A multi-manager Fund seeking income and capital appreciation primarily through investments in U.S. stocks and bonds.
EQUITY DIVERSIFICATION WITH THE STABILITY OF BONDS
The Fund invests in a combination of stocks and bonds, with 50% to 70% of the Fund’s assets allocated
to stocks and 30% to 50% to bonds.
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Bottom-up equity portfolio construction that is well diversified at the security, industry and stock level.
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Investment-grade fixed-income portfolio seeks to preserve the natural advantage of bonds, which
promotes stability of the Fund.
A TEAM OF MANAGERS
The Fund’s complementary equity managers pursue a value style of investing:
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Barrow: Uses bottom-up analysis, seeking P/E and P/B ratios below the market and dividend yield above
the market.
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H&W: Seeks companies with sustainable cash flows and strong balance sheets, undervalued relative to
tangible assets and long-term normal earnings power.
The Fund’s complementary fixed-income managers invest in investment-grade debt securities:
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Barrow: Seeks to "out-yield" the market with undervalued or mispriced securities and sectors.
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American Beacon Advisors: Diversified sector rotator, uncovering differences between similarly
rated issuers to capture relative value opportunities.
Total Fund Assets
$172.2 Million
Sub-Advisors (%)
Barrow, Hanley, Mewhinney & Strauss, LLC |
50.7
|
Hotchkis and Wiley Capital Mgmt., LLC |
29.8
|
American Beacon Advisors, Inc. |
19.5
|
*American Beacon Advisors manages directly a portion of the Fund and allocates the remaining assets to sub-advisors.