American Beacon Alpha Quant Dividend Fund
Data updated: 2020-05-29
C000176909 — American Beacon Alpha Quant Dividend Fund. Money Market · $1.90M AUM · 0.69% expense ratio. Holdings, fees, performance and SEC filings.
C000176909 Fund Overview
American Beacon Alpha Quant Dividend 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: $1.90M
- SEC CIK: 0000809593
- SEC series ID: S000056174
- Share class ID: C000176909
C000176909 Investment Objective and Strategy
American Beacon Alpha Quant Dividend 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, with a secondary objective of current income.
Principal investment strategy
"The Fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of the Fund's net assets (plus the amount of any borrowings for investment purposes) in dividend-paying securities. The Fund is managed pursuant to the proprietary fundamentally based, systematic process of Alpha Quant Advisors, LLC (""Alpha Quant""), the Fund's sub-advisor. On an annual basis, this process involves the evaluation of each portfolio holding for relative attractiveness based on Alpha Quant's criteria, including earnings growth, dividend growth and stability, creditworthiness and dividend yield. If a portfolio holding no longer meets Alpha Quant's criteria, it is sold and the proceeds are reinvested in a new holding. This is done to maintain a portfolio of stocks most reflective of the fundamental characteristics targeted by Alpha Quant, which may vary based on market conditions.
The Fund typically holds a focused portfolio of approximately 30 stocks. Alpha Quant invests in companies that have an established long-term record of paying and increasing their dividends, are financially strong, as measured by high creditworthiness and liquidity, and, at the same time, offer an attractive dividend yield. As a result of this targeted combination of consistent dividend payments, financial strength and yield, Alpha Quant's strategy is designed to avoid forfeiting quality for yield. Stocks are purchased and sold based on Alpha Quant's expectations regarding a company's dividend continuity and an attractive yield. The Fund invests in U.S. common stocks and shares of real estate investment trusts (""REITs""). The Fund may also invest cash balances in other investment companies, including money market funds, and may purchase and sell futures contracts on stock indices 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."
C000176909 Costs and Fees
C000176909 costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 4.28%
- Portfolio turnover: 34%
- Brokerage commissions: 4.40 bps of average net assets (SEC N-CEN)
C000176909 Cashflows
Over the 12 months to 2020-03, American Beacon Alpha Quant Dividend Fund had net outflows of $1.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$56.35K |
| 2020-02 | −$262.77K |
| 2020-01 | −$1.52M |
| 2019-12 | $116.32K |
| 2019-11 | $34.30K |
| 2019-10 | $46.90K |
C000176909 Debt Constituents
No individual debt constituents are reported in American Beacon Alpha Quant Dividend Fund's latest SEC N-PORT filing.
C000176909 Prospectus and SEC Filings
Official American Beacon Alpha Quant Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-06
- Prospectus (485BPOS) — filed 2018-11-02
- Prospectus supplement (497) — filed 2019-03-26
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Portfolio holdings (N-PORT) — filed 2020-02-05
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2019-09-13
- Annual census, amended (N-CEN/A) — filed 2019-11-04
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.