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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

American Beacon SSI Alternative Income Fund

PSCAX | Fund

$9.43

$135 M

1.14%

$0.11

2.22%

Vitals

YTD Return

-5.6%

1 yr return

-3.4%

3 Yr Avg Return

3.8%

5 Yr Avg Return

3.3%

Net Assets

$135 M

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$9.4
$9.23
$11.27

Expenses

OPERATING FEES

Expense Ratio 2.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 326.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Relative Value Arbitrage

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

American Beacon SSI Alternative Income Fund

PSCAX | Fund

$9.43

$135 M

1.14%

$0.11

2.22%

PSCAX - Profile

Distributions

  • YTD Total Return -5.6%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.96%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    American Beacon SSI Alternative Income Fund
  • Fund Family Name
    Palmer Square
  • Inception Date
    May 25, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alexander Volz

Fund Description

The fund seeks primarily to implement a convertible arbitrage strategy by investing in convertible securities, including convertible preferred securities, and establishing short positions, or hedges, in the common stock of the issuers of the convertible securities. It may also use other instruments to establish hedges, including exchange-traded funds (“ETFs”), options and currency forwards, as appropriate, to reduce unwanted exposures. The fund may have significant exposure to the Financial sector.

PSCAX - Performance

Return Ranking - Trailing

Period PSCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.6% -11.6% 15.8% 64.00%
1 Yr -3.4% -33.0% 41.7% 10.68%
3 Yr 3.8%* -10.5% 13.4% 19.39%
5 Yr 3.3%* -4.8% 11.1% 8.43%
10 Yr 2.5%* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period PSCAX Return Category Return Low Category Return High Rank in Category (%)
2021 -7.8% -31.7% 23.2% 12.24%
2020 6.8% -20.7% 10.7% 28.87%
2019 2.7% -12.4% 14.7% 45.56%
2018 -1.3% -13.2% 12.9% 32.91%
2017 2.5% -11.7% 7.9% 14.29%

Total Return Ranking - Trailing

Period PSCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.6% -11.7% 15.8% 64.00%
1 Yr -3.4% -33.0% 41.7% 10.68%
3 Yr 3.8%* -10.5% 13.4% 17.35%
5 Yr 3.3%* -4.8% 11.1% 8.43%
10 Yr 2.5%* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period PSCAX Return Category Return Low Category Return High Rank in Category (%)
2021 -7.8% -31.7% 23.2% 12.24%
2020 6.8% -20.7% 10.7% 28.87%
2019 2.7% -12.4% 14.7% 56.67%
2018 -1.3% -12.7% 12.9% 56.96%
2017 2.5% -11.5% 13.2% 21.43%

NAV & Total Return History

PSCAX - Holdings

Concentration Analysis

PSCAX Category Low Category High PSCAX % Rank
Net Assets 135 M 105 K 12.6 B 34.62%
Number of Holdings 245 5 2526 49.04%
Net Assets in Top 10 32.5 M -619 M 6.53 B 27.88%
Weighting of Top 10 20.66% 7.6% 96.1% 79.27%

Top 10 Holdings

  1. American Beacon US Govt MMkt Select 9.17%
  2. Pennymac Corporation 5.5% 1.69%
  3. Snap Inc 0.25% 1.67%
  4. MFA Financial Inc. 6.25% 1.63%
  5. Pennymac Corporation 5.5% 1.62%
  6. IAC Financeco 3 Inc 2% 1.53%
  7. Arbor Realty Trust, Inc. 4.75% 1.53%
  8. Arbor Realty Trust, Inc. 4.75% 1.49%
  9. Enphase Energy Inc 0.01% 1.48%
  10. Joyy Inc 1.38% 1.44%

Asset Allocation

Weighting Return Low Return High PSCAX % Rank
Convertible Bonds 		77.37% 0.00% 95.47% 5.77%
Cash 		36.54% -225.56% 102.75% 48.08%
Preferred Stocks 		9.33% 0.00% 5.67% 0.96%
Bonds 		0.11% -1.04% 63.30% 80.77%
Other 		-0.28% -11.90% 43.69% 71.15%
Stocks 		-23.06% -57.09% 325.56% 93.27%

Bond Sector Breakdown

Weighting Return Low Return High PSCAX % Rank
Corporate 		70.28% 0.00% 100.00% 7.69%
Cash & Equivalents 		29.62% 0.00% 100.00% 82.69%
Government 		0.10% 0.00% 73.33% 76.92%
Derivative 		0.00% 0.00% 30.95% 71.15%
Securitized 		0.00% 0.00% 27.70% 68.27%
Municipal 		0.00% 0.00% 3.82% 68.27%

Bond Geographic Breakdown

Weighting Return Low Return High PSCAX % Rank
US 		0.11% -1.04% 80.93% 80.77%
Non US 		0.00% -64.71% 9.68% 70.19%

PSCAX - Expenses

Operational Fees

PSCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.22% 0.73% 9.52% 33.01%
Management Fee 1.30% 0.13% 1.65% 78.85%
12b-1 Fee 0.00% 0.00% 1.00% 13.56%
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

PSCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% 27.27%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PSCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PSCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 326.00% 30.00% 483.00% 61.80%

PSCAX - Distributions

Dividend Yield Analysis

PSCAX Category Low Category High PSCAX % Rank
Dividend Yield 1.14% 0.00% 0.75% 63.46%

Dividend Distribution Analysis

PSCAX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

PSCAX Category Low Category High PSCAX % Rank
Net Income Ratio 0.96% -2.49% 4.20% 20.39%

Capital Gain Distribution Analysis

PSCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PSCAX - Fund Manager Analysis

Managers

Alexander Volz

Start Date

Tenure

Tenure Rank

May 25, 2012

10.02

10.0%

Alexander W. Volz. Mr. Volz has been a Portfolio Manager and Convertible Trader of SSI Investment Management, Inc. since 2006 and was a Vice President and Convertible Trader for SSI Investment Management, Inc. from 2002 to 2006. Mr. Volz has 20 years of experience in portfolio management and/or convertible securities trading. Prior to joining SSI Investment Management, Inc., Mr. Volz was a Convertible Trader for Southern Trading Partners and Wachovia Securities from 1997 to 2002. Mr. Volz received a B.A., Economics from Vanderbilt University in 1996.

George Douglas

Start Date

Tenure

Tenure Rank

May 25, 2012

10.02

10.0%

Portfolio Manager of the Hedged Convertible strategies SSI’s Chief Investment Officer Board of Director and Chairperson of the Executive Committee Prior to joining SSI, George was Director of Quantitative Equity Investments at CS First Boston Asset Management Named to Institutional Investor's "All American Research Team" four times MBA, Finance; MS, Statistics; BS, Mathematics, University of Wisconsin

Dagney Maseda

Start Date

Tenure

Tenure Rank

Aug 01, 2013

8.84

8.8%

Dagney Hollander is a portfolio manager at SSI and oversees the daily management of the Hedged Convertible investment portfolios. Her industry experience as a trading assistant, analyst and portfolio manager began since 2003. She received a BS in Finance, summa cum laude, from California State University, Northridge. She is a CFA Level III Candidate.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42

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