American Beacon AHL Multi-Alternatives A (AHMAX)
| Fund Assets | n/a |
| Expense Ratio | 1.56% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.34% |
| Dividend Growth | -20.52% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 10.53 |
| YTD Return | 1.22% |
| 1-Year Return | 1.13% |
| 5-Year Return | n/a |
| 52-Week Low | 9.37 |
| 52-Week High | 10.93 |
| Beta (5Y) | n/a |
| Holdings | 481 |
| Inception Date | Aug 17, 2023 |
About AHMAX
The American Beacon AHL Multi-Alternatives Fund is an open-end mutual fund designed to pursue capital growth by employing a multi-strategy, alternative investment approach. Managed by American Beacon Advisors in partnership with Man Group’s AHL division, this fund allocates assets evenly between two complementary strategies, aiming to provide both diversification and downside risk mitigation. It primarily invests in derivatives—including futures contracts and credit default swaps—as well as government securities, with a notable focus on U.S. Treasury bills and other liquid fixed income instruments. The fund is explicitly structured to deliver a unique risk/return profile distinct from traditional stock or bond funds. It targets sophisticated investors seeking broader diversification, lower correlation to conventional markets, and a potential hedge during periods of market turbulence. With a portfolio concentrated in a select group of holdings and a relatively high turnover rate, the fund is especially relevant for institutional clients and high-net-worth individuals such as endowments, pension funds, and insurance companies. Through its systematic, quantitative investment processes, the American Beacon AHL Multi-Alternatives Fund occupies a specialized role in the financial markets, offering exposure to alternative strategies typically associated with hedge funds in a mutual fund format.
Performance
AHMAX had a total return of 1.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.28%.
Top 10 Holdings
80.34% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury - U.S. Treasury Bills | B.0 10.30.25 | 21.32% |
| United States Treasury - U.S. Treasury Bills | B.0 01.08.26 | 18.71% |
| United States Treasury - U.S. Treasury Bills | B.0 10.16.25 | 13.24% |
| United States Treasury - U.S. Treasury Bills | B.0 01.22.26 | 5.24% |
| United States Treasury - U.S. Treasury Inflation-Indexed Notes | TII.1.625 04.15.30 | 5.13% |
| United States Treasury - U.S. Treasury Bills | B.0 11.13.25 | 4.95% |
| FRANCE (GOVT OF) - French Republic Government Bonds OAT | FRTR.0.6 07.25.34 OATe | 4.04% |
| United States Treasury - U.S. Treasury Bills | B.0 10.09.25 | 3.64% |
| UNITED KINGDOM I/L GILT - U.K. Inflation-Linked Gilts | n/a | 2.32% |
| United States Treasury - U.S. Treasury Inflation-Indexed Notes | TII.2.125 01.15.35 | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.352 | Dec 23, 2025 |
| Dec 20, 2024 | $0.4429 | Dec 23, 2024 |
| Dec 21, 2023 | $0.1505 | Dec 22, 2023 |