American Beacon SiM High Yield Opportunities’ high-conviction approach to portfolio construction showcases the success of its issuer selection, and it has produced a strong record. However, it courts a variety of risks that make it difficult to recommend, leading to a Morningstar Analyst Rating of Neutral for its cheaper share classes and Negative for the more-expensive ones.
Will SHOIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHOIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SHOIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SHOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.