American Beacon SSI Alternative Income Fund Y Class (PSCIX)
American Beacon SSI Alternative Income Fund Y Class operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $10.19, up 0.00% on the session, giving a market capitalisation of $390.8M. On trailing twelve-month figures it carries a trailing P/E of 5.36, a net margin of 19.8%. Its beta of 0.11 implies it has historically moved less than the broad market.
The fund primarily aims to generate income, with a secondary focus on achieving absolute returns (positive returns regardless of market conditions). Its core approach utilizes a convertible arbitrage strategy: it purchases convertible securities (which include convertible preferred shares) and simultaneously establishes short positions, or protective hedges, in the common stock issued by those same companies. To further manage specific risks and limit undesirable market exposures, the fund may also employ various other hedging tools, such as Exchange-Traded Funds (ETFs), options, and currency forwards, when deemed suitable. It's possible for the fund to have a substantial portion of its investments concentrated in the Financial sector.
American Beacon SSI Alternative Income Fund Y Class is most often compared with the following Financial Services names: