American Beacon Developing World Income Fund-Investor Class (AGEPX)

Fund Assets	1.94B
Expense Ratio	1.29%
Min. Investment	$2,500
Turnover	34.00%
Dividend (ttm)	0.76
Dividend Yield	9.99%
Dividend Growth	-1.54%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 1, 2026

Previous Close	7.59
YTD Return	7.90%
1-Year Return	13.51%
5-Year Return	44.38%
52-Week Low	7.39
52-Week High	7.85
Beta (5Y)	0.37
Holdings	288
Inception Date	Feb 25, 2014

About AGEPX

The American Beacon Developing World Income Fund Investor Class is a mutual fund designed primarily to provide investors with income, with capital appreciation as a secondary objective. This fund predominantly invests in debt securities and related instruments from developing and frontier market countries, targeting economies that are less mature and often at earlier stages of financial and political development compared to traditional emerging markets. By focusing on bonds and other income-generating assets tied to these regions, the fund seeks to capture income opportunities arising from higher yields associated with elevated credit and market risks. Notable features of this fund include its broad diversification across various sovereign and corporate issuers in frontier and developing markets, as well as its use of multiple sub-advisors to harness specialized expertise in global fixed income. The fund typically maintains a high allocation to government bonds but also incorporates corporate debt, cash equivalents, and select derivative instruments. With a strategy emphasizing exposure to dynamic, less-correlated markets, the fund plays a significant role for investors seeking diversification and potential income from outside the developed world’s traditional bond markets. Its distinct focus on frontier and developing economies highlights its niche within the broader emerging markets bond category.

• Fund Family: American Beacon
• Category: Emerging Markets Bond
• Performance Rating: High
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: AGEPX
• Share Class: Investor Class
• Index: JP Morgan EMBI Global Diversified TR

Performance

AGEPX had a total return of 13.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.50%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FGYMX	Fidelity	Fidelity Advisor New Markets Income C	1.79%
FGWMX	Fidelity	Fidelity Advisor New Markets Income M	1.04%
FGBMX	Fidelity	Fidelity Advisor New Markets Income Z	0.69%
FGZMX	Fidelity	Fidelity Advisor New Markets Income I	0.78%
FNMIX	Fidelity	Fidelity New Markets Income Fund	0.75%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
AGEIX	R5 Class	1.07%
AGEYX	Y Class	1.10%
AGUAX	A Class	1.36%
AGECX	C Class	2.09%

Top 10 Holdings

15.28% of assets

Name	Symbol	Weight
State Street Instl US Govt MMkt Slct	n/a	3.43%
Ivory Coast (Republic Of) 6.875%	IVYCST.6.875 10.17.40 REGS	1.59%
Argentina (Republic Of) 5%	ARGENT.4.125 07.09.35	1.46%
Ghana (Republic of) 8.95%	GHGB.8.95 02.11.31 G8Y	1.42%
Angola (Republic of) 9.125%	ANGOL.9.125 11.26.49 REGS	1.39%
JPMorgan Chase Bank, National Association 23.269%	JPM.23.269 08.21.29 emTn	1.28%
Uruguay (Republic Of) 3.875%	URUGUA.3.875 07.02.40	1.27%
Uzbekistan (The Republic of) 16.25%	UZBEK.16.25 10.12.26 REGs	1.20%
Republic Of Ecuador Sr Unsecured Regs 07/40 Var	n/a	1.14%
Bono Tesoro Capitalizab Bonds 04/27 2.55	n/a	1.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 1, 2026	$0.0646	Oct 2, 2026
Sep 1, 2026	$0.0571	Sep 2, 2026
Aug 3, 2026	$0.0658	Aug 4, 2026
Jul 1, 2026	$0.0669	Jul 2, 2026
Jun 1, 2026	$0.0661	Jun 2, 2026
May 1, 2026	$0.0534	May 4, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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