Fund Evaluator:
American Beacon TwentyFour Strat Inc Y (TFGYX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
American Beacon TwentyFour Strat Inc Y Overview
American Beacon TwentyFour Strat Inc Y (TFGYX) is an actively managed Taxable Bond Multisector Bond fund. American Beacon launched the fund in 2017.
The investment seeks high current income and, secondarily, capital appreciation. Under normal circumstances, the fund invests primarily in fixed-income securities and derivatives that provide exposure to fixed-income securities. The fund's investments may include fixed-income instruments of any maturity or duration. It may invest in other investment companies, including ETFs and government money market funds, shares of REITs and restricted securities. The fund may invest a significant portion of its total assets in non-investment grade securities, and in U.S. Treasury obligations.
About American Beacon TwentyFour Strat Inc Y (TFGYX)
There are 3 members of the management team with an average tenure of 7.34 years: Eoin Walsh (2017), Felipe Villarroel (2018), David Norris (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100% and ICE BofA USD 3M Dep OR CM TR USD index with a weighting of 100%. American Beacon TwentyFour Strat Inc Y has 362 securities in its portfolio. The top 10 holdings constitute 23.9% 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 TwentyFour Strat Inc Y is part of the Fixed Income global asset class and is within the Taxable Bond fund group. American Beacon TwentyFour Strat Inc Y has 62.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 92.2% (30.4% domestic bond, 61.8% foreign bond and 2.8% convertible bond). American Beacon TwentyFour Strat Inc Y has 4.8% of the portfolio in cash.
Assets Under Management
The fund has $570 million in total assets, which is below the $1 billion average for the Multisector 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.
TFGYX 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 TwentyFour Strat Inc Y expense ratio is high compared to funds in the Multisector Bond category. American Beacon TwentyFour Strat Inc Y has an expense ratio of 0.81%, which is 14% 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 TwentyFour Strat Inc Y has a portfolio turnover rate of 74%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, American Beacon TwentyFour Strat Inc Y returned -0.5%, which earned it a grade of B, as the Multisector Bond category had an average return of -0.7%. 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 TwentyFour Strat Inc Y has a trailing yield of 4.68%, which is below the 5.31% category average. The fund normally distributes its income monthly and its capital gains 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 TwentyFour Strat Inc Y Grades
Year to date, the fund has returned 1.4%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 4.4% over the past year (grade of C), 8.1% over the past three years (grade of A) and 2.9% per year over the past five years (grade of B).
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TFGYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TFGYX Return (NAV) | -0.5% | 0.9% | 4.4% | 8.1% | 2.9% | na |
| TFGYX Grade | B | A | C | A | B | na |
| +/- Category | 0.2% | 0.9% | 0.1% | 1.8% | 0.6% | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| TFGYX Tax Cost Ratio | na | na | 1.9% | 1.8% | 2.8% | na |
TFGYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TFGYX Return (NAV) | 1.4% | 7.3% | 8.9% | 11.7% | -12.4% | 2.5% | 7.9% | 11.9% | -0.9% | na | na |
| TFGYX Grade | B | D | A | A | D | C | B | B | B | na | na |
| +/- Category | 0.5% | -0.8% | 3.1% | 3.3% | -2.3% | 0.3% | 1.6% | 1.6% | 1.0% | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 4.2% |
| Total Risk Index: | 0.34 - Low |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.64 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 4.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $615 Mil |
| Fund Total Assets: | $ 570 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 74% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 9.3 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Walsh Eoin (2017), Villarroel Felipe (2018), Norris David (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 362 |
| % in Top 10 Holdings: | 23.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 62.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 30.4% |
| Foreign Bond: | 61.8% |
| Convertible Bond: | 2.8% |
| Other: | 0.0% |
| Cash: | 4.8% |
Purchase Information
| Fund Family: | American Beacon |
| Phone Number: | 800-658-5811 |
| Website: | www.americanbeaconfunds.com |
| Status: | Open |
| Inception Date: | April 3, 2017 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.81% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | American Beacon TwentyFour Strat Inc R5 |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
