AABPX — American Beacon Balanced Fund, Investor Class
Data updated: 2026-09-24
AABPX — American Beacon Balanced Fund, Investor Class. 1.16% expense ratio · no sales load · since 1994. Holdings, fees, performance and SEC filings.
AABPX Fund Overview
AABPX — American Beacon Balanced Fund, Investor Class is a US mutual fund managed by American Beacon Funds, categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Beacon Funds
- Category: Balanced Allocation
- Assets under management: $104.68M
- 1-year return: 17.0%
- Ticker: AABPX
- SEC CIK: 0000809593
- SEC series ID: S000000718
- Share class ID: C000002090
AABPX Investment Objective and Strategy
American Beacon Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Beacon Funds.
Investment objective
The Fund's investment objective is income and capital appreciation.
Principal investment strategy
"Under normal circumstances, between 50% and 70% of the Fund's total assets are invested in equity securities and between 30% and 50% of the Fund's total assets are invested in debt securities. The Fund's equity investments may include common stocks, real estate investment trusts (""REITs""), American Depositary Receipts (""ADRs"") and U.S. dollar-denominated foreign stocks traded on U.S. exchanges (collectively referred to as ""stocks""). The Fund may invest in companies of all market capitalizations. The Manager allocates the assets of the Fund among different sub-advisors. The Manager believes that this strategy may help the Fund outperform other investment styles over the longer term while reducing volatility and downside risk. The Fund's sub-advisors select stocks that, in their opinion, have most or all of the following characteristics (relative to the S&P 500 Index): above-average earnings growth potential, below-average price to earnings ratio, below-average price to book value ratio, and above-average dividend yields.
Each of the Fund's sub-advisors determines the earnings growth prospects of companies based upon a combination of internal and external research using fundamental analysis and considering changing economic trends. The sub-advisors typically seek to invest in companies that they believe to be undervalued at the time of purchase. The decision to sell a stock is typically based on the belief that the company is no longer considered undervalued or shows deteriorating fundamentals, or that better investment opportunities exist in other stocks. The Fund's debt securities may include: obligations of the U.S. Government, its agencies and instrumentalities, including U.S. Government-sponsored enterprises (some of which are not backed by the full faith and credit of the U.S. Government); U.S. and U.S.
dollar-denominated foreign corporate debt securities, such as notes and bonds, mortgage-backed securities; asset-backed securities; and other debt securities. The Fund will only buy debt securities that are deemed by the Manager or sub-advisors, as applicable, to be investment grade at the time of the purchase. If an investment held by the Fund is downgraded below investment grade, the Manager or sub-advisors, as applicable will take action that they believe to be advantageous to the Fund. The Fund has no limitations regarding the duration of the debt securities it can buy. In determining which debt securities to buy and sell, the Manager and the sub-advisors generally use a ""top-down"" or ""bottom-up"" investment strategy, or a combination of both strategies. The top-down fixed-income investment strategy is implemented as follows: Develop an overall investment strategy, including a portfolio duration target, by examining the current trends in the U.S.
economy. Set desired portfolio duration structure by comparing the differences between corporate and U.S. Government securities of similar duration to judge their potential for optimal return in accordance with the target duration benchmark. Determine the weightings of each security type by analyzing the difference in yield spreads between corporate and U.S. Government securities. Select specific debt securities within each security type. Review and monitor portfolio composition for changes in credit, risk-return profile and comparisons with benchmarks. The bottom-up fixed-income investment strategy is implemented as follows: Search for eligible securities with a yield to maturity advantage versus a U.S. Government security with a similar duration. Evaluate credit quality of the securities.
Perform an analysis of the expected price volatility of the securities to changes in interest rates by examining actual price volatility between U.S. Government and non-U.S. Government securities. The Fund may invest cash balances in other investment companies, including money market funds, and may purchase and sell futures contracts to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs. The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis."
AABPX Holdings
Top 10 holdings of American Beacon Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Beacon U.S. Government Money Market | 2.50% |
| United States Treasury | 2.38% |
| Workday Inc | 1.82% |
| GE HealthCare Technologies Inc | 1.73% |
| Bank of America Corp | 1.44% |
| APA Corp | 1.17% |
| Carnival Corp Ltd | 1.15% |
| Aptiv PLC | 1.14% |
| Hewlett Packard Enterprise Co | 1.03% |
| Merck & Co Inc | 1.00% |
AABPX Portfolio Allocation
Asset-class allocation of American Beacon Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 59.5% |
| Fixed Income | 27.1% |
| Securitized | 10.8% |
| Cash & Equivalents | 2.5% |
AABPX Performance
Total returns for AABPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.65% |
| 1 year | 17.04% |
| 3 years (annualised) | 11.49% |
| 5 years (annualised) | 6.43% |
AABPX Risk Information
Risk metrics for AABPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.05%
AABPX Costs and Fees
AABPX costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.16%
- Portfolio turnover: 31%
- Brokerage commissions: 1.57 bps of average net assets (SEC N-CEN)
AABPX Cashflows
Over the 12 months to 2026-04, American Beacon Balanced Fund had net outflows of $126.05K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$962.79K |
| 2026-03 | −$1.30M |
| 2026-02 | −$94.28K |
| 2026-01 | −$348.72K |
| 2025-12 | $5.05M |
| 2025-11 | −$591.26K |
AABPX Debt Constituents
Largest debt holdings of American Beacon Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.38% |
| United States Treasury | 0.48% |
| Anheuser-Busch Inbev Wor | 0.47% |
| Hp Enterprise Co. | 0.47% |
| Home Depot, Inc. | 0.46% |
| NVIDIA Corp. | 0.45% |
| John Deere Capital Corp. | 0.44% |
| Pnc Financial Services | 0.44% |
| United States Treasury | 0.41% |
| United States Treasury | 0.41% |
AABPX Prospectus and SEC Filings
Official American Beacon Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2026-09-24
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Balanced Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.