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American Beacon SiM High Yield Opportunities Fund

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

Investment Objective

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


Strategic Income Management, the Fund’s sub-advisor, is an independent employee-owned firm, specializing in high yield bond and asset allocation strategies.

  • Gary Pokrzywinski, CFA, Lead Portfolio Manager; industry since 1987
  • Ryan Larson, CFA, CAIA, Portfolio Manager;
    industry since 2008


The Fund has a long-term focus, centered on multi-year secular themes. In selecting investments for the Fund, SiM combines different aspects of top-down and bottom-up analysis.

  • SiM believes understanding industry dynamics is critical to their success.
  • SiM uses a defined process to evaluate out-of-favor sectors and industries. Historically, they have found the better quality company in the out-of-favor sector offers the best risk/reward value.
  • The Fund may hold non-traditional high yield investments and investments across the entire capital structure of a company.

Total Fund Assets

$1.5 Billion  

Sub-Advisor (%)

Strategic Income Management, LLC 100.0

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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. 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. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Consumer Staples companies are sensitive to commodities and energy prices, availability of underlying commodities, and government regulation. Investing in foreign and emerging 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. 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. 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 SiM High Yield Opportunities Fund are service marks of American Beacon Advisors, Inc.