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American Beacon TwentyFour Sustainable Short Term Bond Fund

Portfolio information as of March 31, 2024
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund's investment objectives are to seek a positive return based on a combination of income and, secondarily, capital growth.


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:

  • Graeme Anderson, Partner; industry since 1986
  • Chris Bowie, Partner; industry since 1992
  • Gordon Shannon, Partner; industry since 2007
  • Jack Daley; industry since 2011
  • Johnathan Owen; industry since 2018

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.
  • Target returns of 250 basis points (2.50%) over short-term interest rates after fees, with volatility below 3%.
  • Short-dated, long-only, low-risk income fund with a maximum weighted-average maturity of three years.
  • Developed-market global opportunity set.
  • All bonds hedged to USD, so investors are not exposed to any currency risk.
  • Strong focus on security selection while seeking to generate alpha and lower risks.
  • All bond positions are subject to a rigorous screening process to show they have the ability to deliver good return potential with low expected volatility.

Total Fund Assets

$9.5 Million  

Sub-Advisor (%)

TwentyFour Asset Management (US) LP 100.0

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The use of fixed-income securities entails interest rate and credit risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks. Interest rate risk is the risk that debt securities will decrease in value with increases in market interest rates. Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; the decline in an issuer's credit rating can cause the price of its bonds to go down. 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. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. 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. Geopolitical and other events have led to market disruptions causing adverse changes in the value of investments broadly. Changes in value may be temporary or may last for extended periods. 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 is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon TwentyFour Sustainable Short Term Bond Fund are service marks of American Beacon Advisors, Inc.