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American Beacon twentyfour strategic income FUND

Portfolio information as of September 30, 2022
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is to seek high current income and, secondarily, capital appreciation.


TwentyFour, a boutique investment firm in New York, provides a global perspective on fixed-income investments that is unique among U.S. managers in the credit sector. The firm is a subsidiary of TwentyFour Asset Management LLP in the U.K. TwentyFour offers highly transparent products and seeks to achieve risk-adjusted returns while retaining a strong focus on capital preservation. Accordingly, TwentyFour has the capability to use a wide-range of investment tools to pursue the best possible returns while adhering to rigorous, detail-oriented investment guidelines.

Firm inception: 2008

Portfolio Managers:

  • Mark Holman, Founding Partner;
    industry since 1988
  • Gary Kirk, Founding Partner; industry since 1988
  • Eoin Walsh, Founding Partner; industry since 1998
  • David Norris; industry since 1987
  • Felipe Villarroel; industry since 2009
  • Pierre Beniguel; industry since 2011

distinguishing characteristics

  • TwentyFour believes environmental, social and governance factors may have an effect on the value of their investments and thus strives to enhance investor returns and play a part in promoting better ESG outcomes.
  • The Fund’s sub-advisor has significant latitude to take advantage of prevailing market conditions, allowing investors to benefit from a high-conviction portfolio comprised of global bonds and fixed-income instruments.
  • The Fund, which is not managed against traditional market benchmarks, seeks alpha through diversification and helps mitigate interest-rate risk by investing broadly across global fixed-income markets.
  • The Fund may invest in, or obtain exposure to, debt instruments from a broad range of fixed-income assets, including investment-grade bonds, high-yield bonds, government bonds, asset-backed securities and other bonds.
  • The Fund aims to maximize risk-adjusted returns, meaning that certain securities may be acquired on a “buy-and-hold” basis while others may be traded opportunistically.

Total Fund Assets

$121.5 Million  

Sub-Advisor (%)

TwentyFour Asset Management (US) LP 100%

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Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The Fund's investments in debt securities entail interest rate risk, which is the risk that debt securities will decrease in value with increases in market interest rates. Investments in high-yield securities (commonly referred to as "junk bonds"), including loans, CLOs, restricted securities and floating-rate securities, are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. The Fund may have high portfolio turnover risk, which could increase the Fund's transaction costs and possibly have a negative impact on performance. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Financial sector companies are heavily regulated and particularly sensitive to interest rate fluctuations. To the extent the Fund invests more heavily in a particular country or geographic region, its performance will be sensitive to factors affecting that country or region. 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. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. The Fund's incorporation of environmental, social and/or governance (ESG) considerations in its investment strategy may cause it to underperform funds that do not incorporate these considerations. 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 and American Beacon TwentyFour Strategic Income Fund are service marks of American Beacon Advisors, Inc.