Fund Evaluator:

American Beacon AHL TargetRisk Investor Overview

American Beacon AHL TargetRisk Investor (AHTPX) is an actively managed Allocation Tactical Allocation fund. American Beacon launched the fund in 2018.

The investment seeks capital growth. The fund seeks to achieve its investment objective by allocating all or substantially all of its assets across equities, bonds, interest rates, corporate credit, and commodities primarily through derivative instruments. It invests primarily in futures (including equity index futures, interest rate futures, bond futures and government bond futures, such as treasury futures), swaps (including commodity swaps, credit default swaps, currency swaps, interest rate swaps, and total return swaps) and forward contracts, but also may invest in other types of derivative instruments. The fund is non-diversified.

About American Beacon AHL TargetRisk Investor (AHTPX)

There are 2 members of the management team with an average tenure of 4.28 years: Russell Korgaonkar (2018), Giuliana Bordigoni (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 40%, MSCI World NR USD index with a weighting of 60% and MSCI World NR USD index with a weighting of 100%. American Beacon AHL TargetRisk Investor has 20 securities in its portfolio. The top 10 holdings constitute 82.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Beacon AHL TargetRisk Investor is part of the Allocation global asset class and is within the Allocation fund group. American Beacon AHL TargetRisk Investor has 20.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 84.9% (64.4% domestic bond, 20.5% foreign bond and 0.0% convertible bond). American Beacon AHL TargetRisk Investor has 15.1% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AHTPX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon AHL TargetRisk Investor expense ratio is high compared to funds in the Tactical Allocation category. American Beacon AHL TargetRisk Investor has an expense ratio of 1.62%, which is 8% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon AHL TargetRisk Investor has a portfolio turnover rate of 313%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.

Recently, in the month of July 2026, American Beacon AHL TargetRisk Investor returned -1.0%, which earned it a grade of D, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Beacon AHL TargetRisk Investor has a trailing yield of 7.49%, which is above the 2.86% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Beacon AHL TargetRisk Investor Grades

Year to date, the fund has returned 6.6%, 1.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 17.8% over the past year (grade of B), 7.9% over the past three years (grade of D) and 3.3% per year over the past five years (grade of D).

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