American Beacon Advisors Expands Investment Product Lineup With New Bond Fund
American Beacon Advisors, Inc. ("American Beacon"), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of the American Beacon NIS Core Plus Bond Fund (A Class: NISAX; C Class: NISCX; Y Class: NISYX; R6 Class: NISRX). The Fund's shares became available on September 10, 2020.
Focused on current income and, secondarily, capital appreciation, the new Fund seeks to achieve its objectives by investing in fixed-income securities. The Fund's portfolio managers employ an investment strategy combining top-down and bottom-up processes while using a relative-value approach to security selection, and also considering changes to the economy and market over time.
"We look forward to working with American Beacon to support this new Fund and make it a success," Bob Brooks, CEO of National Investment Services ("NIS"), said. "Many investors are seeking income with limited volatility in today's market; this Fund has the potential to capitalize on returns by taking a high-level, traditionally institutional approach and making it available for all investors."
American Beacon serves as the manager of the Fund while NIS serves as the sub-advisor. As sub-advisor, NIS will be responsible for the day-to-day portfolio management of the Fund, including managing assets and allocating all investments. Founded in 1993, NIS focuses on offering differentiated, fixed-income strategies that seek to provide institutional investors with consistent performance and downside protection. The firm offers investors a wide variety of investment strategies, including traditional and alternative fixed-income options and dynamic fixed-income offerings tailored to meet a client's investment objective or desired level of risk.
"We are thrilled to launch this Fund, our second of 2020 and our first in partnership with NIS," Gene Needles, chairman and CEO of American Beacon and Resolute Investment Managers, said. "We respect NIS' decades-long record of delivering fixed-income strategies with competitive returns, and we believe our clients can benefit greatly from the team's expertise."
The Fund is the first American Beacon investment product sub-advised by NIS. In December 2019, American Beacon's parent company, Resolute Investment Managers, announced the closing of its purchase of a majority interest in NIS. For more information, visit resolutemanagers.com.
About American Beacon Advisors
An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors, Inc. is a leading provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a "manager of managers" investment style and currently include international- and domestic-equity, fixed-income, and money-market funds. As of June 30, 2020, American Beacon Advisors had $58.1 billion in assets under management; the affiliated companies of Resolute Investment Managers had $92.2 billion in assets under management. For more information, visit americanbeaconadvisors.com.
About National Investment Services
National Investment Services manages predominantly fixed-income strategies designed with the objective to provide consistent performance and downside protection. NIS has served this mission for more than 25 years by partnering with clients and consultants on their unique objectives using an agile investment process. NIS puts client needs first through employee ownership and a collaborative, team-oriented culture. At the close of 2019, NIS partnered with Resolute Investment Managers, based in Irving, Texas. The partnership ensures employee ownership will continue and that the firm's focus will remain on clients and their needs. NIS serves clients from offices in Milwaukee, Chicago and Sarasota. As of June 30, 2020, NIS had $8.7 billion in assets under management. For more information visit nisi.net.
You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.
Important Information: The use of fixed-income securities entails interest rate and credit risks. Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; and the decline in an issuer's credit rating can cause the price of its bonds to go down. The Fund's investments in high-yield securities (commonly referred to as "junk bonds") 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. 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 may have high portfolio turnover risk, which could increase the Fund's transaction costs and possibly have a negative impact on performance. 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.
American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and the American Beacon NIS Core Plus Bond Fund are service marks of American Beacon Advisors, Inc. The American Beacon Funds are distributed by Resolute Investment Distributors, Inc.
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