American Beacon Ionic Strat Arbtrg Y (IONYX)
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American Beacon Ionic Strat Arbtrg Y
American Beacon Advisors
4151 AMON CARTER BOULEVARD
FORT WORTH TX 76155
800-658-5811
Management information
Douglas Fincher,Lead manager since 29 June 2015
Mr. Fincher joined Ionic in 2013 to evaluate Ionic's investment strategies in relation to the diversification, leverage and asset coverage requirements of the 1940 Act. Prior to joining Ionic, Mr. Fincher was the President and CEO of Rock Maple Services, LLC. He is responsible for managing the Firm's day to day operations, and executing its strategic plan. Prior to joining Rock Maple in 2008, Mr. Fincher was a Managing Director at CIBC World Markets, where he headed the Equity Specialty Sales Group. In this role he was responsible for P&L, Sales/Marketing, personnel, risk and operational oversight of three equity derivative trading departments. He joined CIBC in 2002, and was elected to the bank's US Executive Management Committee in 2005. Mr. Fincher was a Managing Director and Head of the Convertible Arbitrage Department at ABN AMRO from 1998-2002. Prior to that, he worked with Mr. Freelove in Equity Derivative sales at Kidder Peabody and Lazard Freres from 1991-1998. He is a licensed securities principal, and graduated from Lafayette College in 1986 with a B.A. in History and Economics.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.
Fund overview
CategoryMarket Neutral
Fund familyAmerican Beacon
Net assets12.28M
YTD return-1.64%
Yield9.92%
Morningstar rating★★
Inception date29 Jun 2015
Fund operations
Last dividend1.80
Last cap gain0.00
Holdings turnover556.00%
Average for categoryN/A
Fees and expenses
ExpenseIONYXCategory average
Annual report expense ratio (net)2.48%2.03%
Prospectus net expense ratio2.48%N/A
Prospectus gross expense ratio2.69%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A4.75%
Max deferred sales loadN/A1.27%
3-yr expense projection815N/A
5-yr expense projection1,406N/A
10-yr expense projection3,007N/A
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