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15 important things you should know about American Beacon SHOIX mutual fund

Updated: September 28, 2020
40
Bull Case
  • 3-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • 5-year return below the benchmark
  • High expense ratio

Before we start: if you’re looking for SHOIX “stock” price, you can quickly find it out by visiting Finny and typing "SHOIX quote". If you’re looking for a quick scoop on SHOIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SHOIX". You’ll get all this info in one place.

Are you looking to buy or sell SHOIX? Or perhaps you’re looking for SHOIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this SHOIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: SHOIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: SHOIX buy or sell; the pros and cons of investing in SHOIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to SHOIX.

And here is the list of questions we’ll answer:

  1. Describe American Beacon Funds: American Beacon SiM High Yield Opportunities Fund; Institutional Class Shares (SHOIX).
  2. What are SHOIX holdings?
  3. What is SHOIX performance? What are SHOIX historical returns?
  4. How many up and down years did SHOIX have historically?
  5. What is SHOIX dividend yield?
  6. What is SHOIX minimum initial investment amount?
  7. What is SHOIX expense ratio?
  8. Does SHOIX have any sales loads or 12b-1 distribution expenses?
  9. What is SHOIX tax efficiency (tax-cost ratio)?
  10. What is SHOIX beta? How would you assess SHOIX risk?
  11. What is SHOIX Sharpe ratio?
  12. What is SHOIX Finny Score? SHOIX buy or sell?
  13. What are the pros of investing in SHOIX? What are SHOIX buy reasons?
  14. What are the cons of investing in SHOIX? What are SHOIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Beacon Funds: American Beacon SiM High Yield Opportunities Fund; Institutional Class Shares (SHOIX).

The Fund seeks high current income and, secondarily, capital appreciation. The Fund invests in a diversified portfolio of fixed income securities that are generally rated below investment grade or deemed to be below investment grade by the investment sub-advisor.

2. What are SHOIX top holdings?

SHOIX has 5 stock holdings and 77 bond holdings.

The top 10 holdings represent 19.06% of total assets. Here are the top holdings:

Name Symbol % Assets
U.S. Government Money Market Average N/A 2.52%
Berry Petroleum Company LLC 7% N/A 2.47%
Cenovus Energy Inc 6.75% N/A 1.94%
MEG Energy Corporation 7% N/A 1.90%
Darling Ingredients, Inc 5.25% N/A 1.87%
HCA Inc. 4.5% N/A 1.85%
Select Medical Corporation 6.25% N/A 1.64%
Churchill Downs Inc 4.75% N/A 1.63%
Mednax, Inc. 6.25% N/A 1.62%
Pilgrims Pride Corporation 5.88% N/A 1.62%

3. What is SHOIX performance? What are SHOIX historical returns?

SHOIX has generated the following returns:

  • 1-month return is 1.31%;
  • 3-month return is 5.16%;
  • 1-year return is 1.19%;
  • 3-year return is 3.76%;
  • 5-year return is 5.47%.

4. How many up and down years did SHOIX have historically?

In the last 10 years, SHOIX had 8 up years and 2 down years.

SHOIX up and down years

5. What is SHOIX dividend yield?

SHOIX yield is 6.22%.

6. What is SHOIX minimum initial investment amount?

SHOIX minimum initial investment amount is $250.00K.

7. What is SHOIX expense ratio?

SHOIX expense ratio is 0.84%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SHOIX expenses

8. Does SHOIX have any sales loads or 12b-1 distribution expenses?

SHOIX 12b-1 distribution fee is 0. SHOIX front-end sales load is 0. SHOIX back-end sales load is 0.

9. What is SHOIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.6%;
  • 3-year ax cost ratio is 2.37%.
SHOIX tax costs

10. What is SHOIX beta? How would you assess SHOIX risk?

  • 3-year beta is 0.51;
  • 5-year beta is 0.41.
SHOIX Beta

11. What is SHOIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.11;
  • 5-year Sharpe ratio is 0.32.
SHOIX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 40. Our quantitative analysis shows 2 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 40.

13. What are the pros of investing in SHOIX? What are SHOIX buy reasons?

The following are SHOIX strengths from our perspective:

  • <strong>SHOIX 3-year return</strong> is 3.76%, which is in line with the 3-year return of the benchmark index (ICE BofA US High Yield TR USD), 3.97%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in SHOIX? What are SHOIX negatives?

The following are SHOIX weaknesses from our perspective:

  • <strong>SHOIX net assets</strong> are $386.80 million. This fund is not a popular choice with retail investors.
  • <strong>SHOIX 5-year return</strong> is 5.47%, which is lower than the 5-year return of the benchmark index (ICE BofA US High Yield TR USD), 6.08%.
  • <strong>SHOIX expense ratio</strong> is 0.84%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the SHOIX review, we covered SHOIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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