ACDAX — American Beacon Acadian Emerging Markets Managed Volatility Fund
Data updated: 2020-06-29
ACDAX — American Beacon Acadian Emerging Markets Managed Volatility Fund. Money Market · $3.52M AUM. Holdings, fees, performance and SEC filings.
ACDAX Fund Overview
ACDAX — American Beacon Acadian Emerging Markets Managed Volatility Fund is a US mutual fund managed by American Beacon Funds, categorised as Money Market. 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: Money Market
- Assets under management: $3.52M
- Ticker: ACDAX
- SEC CIK: 0000809593
- SEC series ID: S000042128
- Share class ID: C000130820
ACDAX Investment Objective and Strategy
American Beacon Acadian Emerging Markets Managed Volatility 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 long-term capital appreciation.
Principal investment strategy
"Under normal circumstances, at least 80% of the Fund's net assets (plus the amount of any borrowings for investment purposes) are invested in securities of companies economically tied to emerging market countries. A company is generally regarded as being economically tied to an emerging market country if it: is primarily listed on the trading market of an emerging market country; is headquartered in an emerging market country; or derives 50% or more of its revenue from, or has 50% or more of its assets in, an emerging market country. An emerging market country is one that: has an emerging stock market as defined by the International Finance Corporation; has a low- to middle-income economy according to the World Bank; is included in the IFC Investable Index or the Morgan Stanley Capital International Emerging Markets Index; or has a per-capita gross national product of $10,000 or less The Fund's investment sub-advisor, Acadian Asset Management LLC (""Acadian"") seeks absolute return.
Acadian's strategy seeks to exploit the mispricing of risk within equities of emerging markets by building a diversified portfolio with predominately lower-volatility stocks. Acadian uses proprietary transaction cost and liquidity models designed to minimize market impact and manage turnover. Acadian seeks to manage volatility by selecting stocks for the Fund's portfolio whose total returns are not expected to fluctuate as dramatically as those of emerging markets equities as a whole and therefore may compound at a steadier pace over time. The Fund's equity investments may include common stocks, preferred stocks, securities convertible into or exchangeable for common stocks, depositary receipts, and real estate investment trusts (""REITs""). The Fund may invest in companies of all market capitalizations and convertible securities of any duration.
At times, the Fund may use forwards or currency futures to hedge its foreign currency exposure. The Fund may also 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 lend its securities to broker-dealers and other institutions to earn additional income."
ACDAX Holdings
Top 4 holdings of American Beacon Acadian Emerging Markets Managed Volatility 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 | 100.46% |
| American Beacon U.S. Government Money Market | 100.46% |
| American Beacon U.S. Government Money Market | 100.46% |
| American Beacon U.S. Government Money Market | 100.46% |
ACDAX Portfolio Allocation
Asset-class allocation of American Beacon Acadian Emerging Markets Managed Volatility Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 401.8% |
ACDAX Costs and Fees
ACDAX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 2.02%
- Portfolio turnover: 28%
- Brokerage commissions: 7.30 bps of average net assets (SEC N-CEN)
ACDAX Cashflows
Over the 12 months to 2020-04, American Beacon Acadian Emerging Markets Managed Volatility Fund had net outflows of $11.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | −$895.76K |
| 2020-03 | −$3.06M |
| 2020-02 | −$522.22K |
| 2020-01 | −$1.15M |
| 2019-12 | −$533.14K |
| 2019-11 | −$2.69M |
ACDAX Debt Constituents
No individual debt constituents are reported in American Beacon Acadian Emerging Markets Managed Volatility Fund's latest SEC N-PORT filing.
ACDAX Prospectus and SEC Filings
Official American Beacon Acadian Emerging Markets Managed Volatility Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-06-07
- Prospectus (485BPOS) — filed 2018-06-12
- Prospectus supplement (497) — filed 2018-09-13
- Portfolio holdings (N-PORT) — filed 2020-06-29
- Portfolio holdings (N-PORT) — filed 2020-03-17
- Portfolio holdings (N-PORT) — filed 2019-12-24
- Annual census (N-CEN) — filed 2020-04-14
- Annual census (N-CEN) — filed 2019-04-12
Related Funds
Other Money Market 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.