MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 9, 2024 A $3.5B-AUM Systematic Fund Turns 10 Greg Stumm and his team are celebrating a systematic fund's recent tin anniversary.
"Congratulations to our partners at Man AHL for a decade of consistent performance," Stumm, president and CEO of Resolute, writes in a LinkedIn post. The American Beacon AHL Managed Futures Strategy Fund launched in August 2014. (Its inception date was August 19, 2014.) The fund comes in five flavors: A shares (AHLAX), with a maximum up-front load of 575 basis points, a maximum deferred load of 50bps, and an expense ratio of 189bps; C shares (AHLXC), with no up-front load, a maximum deferred load of 100bps, and an expense ratio of 255bps; investor shares (AHLPX), with no load and an expense ratio of 186bps; R5 shares (AHLIX) with no load and an expense ratio of 151bps; and Y shares (AHLYX), with no load an expense ratio of 160bps. Russell Korgaonkar, chief investment officer of AHL, has served as a portfolio manager on the American Beacon AHL Managed Futures Strategy Fund since inception. Otto van Hemert, director of core strategies at AHL, joined the fund's PM team in 2021. The American Beacon AHL Managed Futures Strategy Fund is a series of the American Beacon Funds. The 10-year-old fund's other service providers include: K&L Gates LLP as counsel; Resolute Investment Distributors, Inc. as distributor; SS&C GIDS, Inc. as dividend paying agent and transfer agent; and State Street Bank and Trust Co. as custodian and sub-administrator. Meanwhile, since the American Beacon AHL Managed Futures Strategy Fund debuted a decade ago, the American Beacon and AHL teams have also expanded their partnership to build several more funds. Those newer American Beacon AHL funds include: a $313.9-million-AUM mutual fund (which launched at the end of 2019); a $38.8-million-AUM mutual fund (which launched in summer 2023); and a $40.57-million-AUM ETF (which also launched in summer 2023). Printed from: MFWire.com/story.asp?s=68010 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
