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American Beacon Frontier Markets Income Fund

Portfolio information as of June 30, 2018
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is to seek income with capital appreciation as a secondary objective.

an alternative to traditional
global investing

Global Evolution has distinguished itself with its singular focus on and long-standing expertise in the sovereign debt of emerging and frontier market countries. “Frontier markets” typically describes smaller, less-developed markets at an earlier stage of economic and financial development than more mainstream emerging markets.

Firm inception: 2007

Portfolio Manager:

  • Morten Bugge, CIO; industry since 1995

investment process

Global Evolution's investment process involves both a top-down approach to assess macroeconomic factors affecting the relationships between developed, emerging and frontier countries, and a bottom-up process to determine the countries in which the portfolio will invest.

Fund highlights:

  • The first and only open-end mutual fund in the U.S. to invest primarily in debt instruments of frontier market issuers.
  • Invests primarily in sovereign debt of frontier markets.

  • Over time, the Fund seeks to invest in 35 to 45 counties, 75 to 125 securities, local and hard currency dominated debt; Fund holdings are limited to 5% maximum single country exposure.**

  • Managed by a boutique firm that focuses exclusively on emerging and frontier market debt and is a pioneer investor in frontier market debt.

  • Access to a unique debt market offering attractive yields with lower volatility and low correlations to broad market indexes.

Total Fund Assets

$262.6 Million  

Sub-Advisor (%)

Global Evolution USA, LLC 100.0

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Effective June 15, 2018, the Fund’s name changed from American Beacon Global Evolution Frontier Markets Income Fund to American Beacon Frontier Markets Income Fund. Also effective on the same date, Aberdeen Asset Managers Limited became a sub-advisor of the Fund; they are expected to begin managing Fund assets on or about July 31, 2018.

**Maximum country exposure is calculated based on total Fund assets, including cash, at time of purchase.

Investing in foreign, emerging and frontier market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of fixed-income securities entails interest rate and credit risks. 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. 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 Frontier Markets Income Fund are service marks of American Beacon Advisors, Inc.