About SHOCX
American Beacon SiM High Yield Opportunities Fund Class C is a mutual fund that seeks high current income, with a secondary objective of capital appreciation. It invests primarily in non-investment grade securities, known as high yield bonds, focusing on opportunities across diverse sectors such as finance and rental leasing, contract drilling, commercial services, information technology services, and medical or nursing services. The fund, sub-advised by Strategic Income Management, an independent firm specializing in high yield bond strategies, employs a blend of top-down and bottom-up analysis to select investments aligned with multi-year secular themes. Its portfolio features predominantly fixed income holdings rated BB, B, and CCC, with significant exposure to the United States and select international markets including Norway, Sweden, and Canada. Maturities concentrate in the 0-5 year range, with an effective duration of about 2.87 years, emphasizing intermediate-term securities. Notable top holdings include bonds from issuers like GEO Group, Paratus Energy Services, and Anywhere Real Estate Group. This Class C share class serves investors pursuing income from high yield opportunities in the fixed income market.
Fund Family American Beacon
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SHOCX
Share Class C Class
Index ICE BofA US High Yield TR USD
SHOCX had a total return of 5.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.59%.
