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American Beacon NIS Core Plus Bond C Overview

American Beacon NIS Core Plus Bond C (NISCX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. American Beacon launched the fund in 2020.

The investment seeks high current income and, secondarily, capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income securities and investments that provide exposure to fixed income securities. It seeks to invest primarily in a diversified mix of U.S. and U.S. dollar denominated foreign investment grade fixed income securities.

About American Beacon NIS Core Plus Bond C (NISCX)

There are 12 members of the management team with an average tenure of 5.27 years: Barbara Schalla (2020), Jason Berrie (2020), Mark Anderson (2020), Lesly Barnes (2020), Vince Russo (2020), Stephen Smitley (2021), James Kaplan (2020), Stefan Martin (2020), Jay Dirienzo (2022), Michael Fohr (2020), Kyle Olson (2025), Thomas Price (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. American Beacon NIS Core Plus Bond C has 446 securities in its portfolio. The top 10 holdings constitute 22.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Beacon NIS Core Plus Bond C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. American Beacon NIS Core Plus Bond C has 3.0% 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 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.5% (95.5% domestic bond, 3.0% foreign bond and 0.0% convertible bond). American Beacon NIS Core Plus Bond C has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $672 million in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond 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.

NISCX 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 NIS Core Plus Bond C expense ratio is high compared to funds in the Intermediate Core-Plus Bond category. American Beacon NIS Core Plus Bond C has an expense ratio of 1.53%, which is 96% higher than its category average, making the fund expense ratio grade a F. 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 NIS Core Plus Bond C has a portfolio turnover rate of 80%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.

Recently, in the month of July 2026, American Beacon NIS Core Plus Bond C returned -1.2%, which earned it a grade of A, as the Intermediate Core-Plus Bond category had an average return of -1.3%. 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 NIS Core Plus Bond C has a trailing yield of 3.58%, which is below the 4.36% category average. The fund normally distributes its income monthly.

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 NIS Core Plus Bond C Grades

Year to date, the fund has returned -0.8%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 1.9% over the past year (grade of F), 3.5% over the past three years (grade of F) and -0.7% per year over the past five years (grade of D).

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