ACHAX — American Beacon Crescent Short Duration High Income Fund
Data updated: 2020-09-18
ACHAX — American Beacon Crescent Short Duration High Income Fund. Money Market · $41.04M AUM. Holdings, fees, performance and SEC filings.
ACHAX Fund Overview
ACHAX — American Beacon Crescent Short Duration High Income 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: $41.04M
- 1-year return: -5.1%
- Ticker: ACHAX
- SEC CIK: 0000809593
- SEC series ID: S000046747
- Share class ID: C000146019
ACHAX Investment Objective and Strategy
American Beacon Crescent Short Duration High Income 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 high current income with capital appreciation as a secondary objective.
Principal investment strategy
"Under normal circumstances, the Fund will invest primarily in high yield fixed income securities and bank loans that are rated below investment grade. The Fund considers investments to be below investment grade if they are rated BB+ or lower by S&P Global Ratings or Fitch, Inc. and/or Ba1 or lower by Moody's Investors Service, Inc., or, if unrated, deemed to be below investment grade by Crescent Capital Group LP (""Crescent Capital""), the Fund's sub-advisor. Below investment grade fixed income securities are commonly referred to as ""junk bonds."" The fixed-income securities in which the Fund may invest include high yield bonds, corporate bonds, bank loans, senior loans, fixed or floating rate securities, and preferred stock of domestic or foreign issuers. The Fund also may invest in illiquid securities, including investments in private debt instruments.
The Fund intends to maintain a dollar-weighted average duration of three years or less. Crescent Capital's investment strategy is to tactically allocate among fixed and floating rate, secured and unsecured, and public and private credit investments to achieve a high level of current income regardless of the overall credit or interest rate environment. Crescent Capital's investment philosophy is based on a credit-intensive research process that seeks to exploit credit market inefficiencies. The sub-advisor seeks investment opportunities among different types of fixed income securities and a range of market sectors. Crescent Capital seeks to invest in fixed income securities issued by companies that demonstrate one or more of the following characteristics: (i) predictable demand and stable cash flows; (ii) competitive positions in well-defined market niches; (iii) sustainable margins, profitability and growth; (iv) strong financial and managerial controls; and (v) seasoned management teams.
The Fund may invest cash balances in other investment companies, including money market funds."
ACHAX Performance
Total returns for ACHAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.1% |
ACHAX Risk Information
Risk metrics for ACHAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.4%
ACHAX Costs and Fees
ACHAX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.44%
- Portfolio turnover: 91%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
ACHAX Cashflows
Over the 12 months to 2020-07, American Beacon Crescent Short Duration High Income Fund had net outflows of $43.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | −$77.25K |
| 2020-06 | −$8.21M |
| 2020-05 | −$6.23M |
| 2020-04 | −$5.42M |
| 2020-03 | −$3.07M |
| 2020-02 | −$184.13K |
ACHAX Debt Constituents
No individual debt constituents are reported in American Beacon Crescent Short Duration High Income Fund's latest SEC N-PORT filing.
ACHAX Prospectus and SEC Filings
Official American Beacon Crescent Short Duration High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-06-12
- Prospectus (485BPOS) — filed 2019-06-07
- Prospectus (485BPOS) — filed 2018-06-12
- Portfolio holdings (N-PORT) — filed 2020-09-18
- Portfolio holdings (N-PORT) — filed 2020-06-29
- Portfolio holdings (N-PORT) — filed 2020-03-17
- Annual census (N-CEN) — filed 2020-04-14
- Annual census (N-CEN) — filed 2019-04-12
Related Funds
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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.