About PSCAX
American Beacon SSI Alternative Income Fund Investor Class is a mutual fund designed to provide investors with income and, secondarily, absolute returns by implementing a diversified alternative income strategy. The fund is sub-advised by SSI Investment Management, a firm with a focus on risk-managed investment solutions emphasizing capital preservation and consistency. Its portfolio features a predominant allocation to convertible securities, supplemented by positions in preferred stocks, cash, and both long and short equity exposures, which supports the fund’s goal of delivering returns independent of traditional equity and fixed-income markets.
This fund serves as a defensive complement to a fixed-income allocation, aiming to generate competitive, risk-adjusted returns through multiple sources—primarily in convertible bonds, but also engaging in relative value arbitrage strategies. The approach combines quantitative disciplines and fundamental research, targeting investors who seek income with less sensitivity to interest rate changes and market volatility compared to conventional bonds. With over 120 holdings across sectors including financials, technology, and real estate, and a substantial portion of assets maturing in 3 to 5 years, the fund provides exposure to a diverse mix of issuers and credit qualities while maintaining a disciplined risk profile. Its market role centers on offering alternative income and risk-managed capital appreciation as part of a modern portfolio.
Fund Family American Beacon
Category Relative Value Arbitrage
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PSCAX
Share Class Investor Class
Index ICE BofA US 3-Month T Bill TR IX
PSCAX had a total return of 7.05% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.57%.
