American Beacon Developing World Income Fund-Investor Class (AGEPX)
| Fund Assets | 1.71B |
| Expense Ratio | 1.33% |
| Min. Investment | $2,500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.75 |
| Dividend Yield | 9.66% |
| Dividend Growth | -5.87% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 1, 2026 |
| Previous Close | 7.76 |
| YTD Return | 7.80% |
| 1-Year Return | 18.85% |
| 5-Year Return | 48.10% |
| 52-Week Low | 7.19 |
| 52-Week High | 7.85 |
| Beta (5Y) | 0.37 |
| Holdings | 261 |
| 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.
Performance
AGEPX had a total return of 18.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.65%.
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 | 0.79% |
| FNMIX | Fidelity | Fidelity New Markets Income Fund | 0.75% |
Top 10 Holdings
19.50% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Instl US Govt MMkt Slct | n/a | 6.87% |
| Ghana (Republic of) 8.95% | GHGB.8.95 02.11.31 G8Y | 1.63% |
| Argentina (Republic Of) 5% | ARGENT.4.125 07.09.35 | 1.62% |
| Angola (Republic of) 9.125% | ANGOL.9.125 11.26.49 REGS | 1.61% |
| Ivory Coast (Republic Of) 6.875% | IVYCST.6.875 10.17.40 REGS | 1.47% |
| Uruguay (Republic Of) 3.875% | URUGUA.3.875 07.02.40 | 1.43% |
| Uzbekistan (The Republic of) 16.25% | UZBEK.16.25 10.12.26 REGs | 1.37% |
| Zambia Government Bond Bonds 01/31 16.1 | n/a | 1.18% |
| Republic Of Ecuador Sr Unsecured Regs 07/40 Var | n/a | 1.17% |
| Cameroon (Republic of) 8.875% | REPCAM.8.875 01.30.33 7Y | 1.15% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 1, 2026 | $0.0669 | Jul 2, 2026 |
| Jun 1, 2026 | $0.0661 | Jun 2, 2026 |
| May 1, 2026 | $0.0534 | May 4, 2026 |
| Apr 1, 2026 | $0.0724 | Apr 2, 2026 |
| Mar 2, 2026 | $0.0526 | Mar 3, 2026 |
| Feb 2, 2026 | $0.0673 | Feb 3, 2026 |