- ISIN
- US0245256930
- CUSIP
- 024525693
- Issuer
- American Beacon
- Inception Date
- Feb 24, 2014
- Category
- Emerging Markets Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AGEPX Performance Chart
American Beacon Frontier Markets Income Fund (AGEPX) is up 7.6% since the beginning of the year. AGEPX is currently trading at $8 per share. Investors who bought $1,000 worth of AGEPX shares 5 years ago would now be looking at an investment worth $1,470.
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Returns By Period
American Beacon Frontier Markets Income Fund (AGEPX) has returned 7.58% so far this year and 20.07% over the past 12 months. Over the last ten years, AGEPX has returned 7.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
American Beacon Frontier Markets Income Fund
- 1D
- 0.13%
- 1M
- 1.90%
- YTD
- 7.58%
- 6M
- 8.32%
- 1Y
- 20.07%
- 3Y*
- 16.73%
- 5Y*
- 8.01%
- 10Y*
- 7.70%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AGEPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, AGEPX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2022 with a return of +6.8%, while the worst month was Mar 2020 at -14.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.
On a daily basis, AGEPX closed higher 46% of trading days. The best single day was Sep 2, 2016 with a return of +1.4%, while the worst single day was Mar 12, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.78% | 1.91% | -2.92% | 3.37% | 1.09% | 1.25% | 7.58% | ||||||
| 2025 | 2.13% | 0.58% | -0.71% | -0.55% | 3.01% | 2.98% | 1.65% | 0.90% | 1.62% | 3.12% | 0.70% | 1.98% | 18.76% |
| 2024 | 0.87% | 2.52% | 3.60% | -0.09% | 0.61% | 0.07% | 0.80% | 1.52% | 1.54% | 1.21% | 1.23% | 0.74% | 15.58% |
| 2023 | 3.29% | -0.91% | -1.55% | 0.62% | 1.29% | 3.66% | 2.80% | -2.20% | -0.58% | -0.03% | 3.24% | 2.75% | 12.83% |
| 2022 | -0.85% | -3.17% | -3.48% | -0.58% | -1.21% | -6.22% | -2.36% | 1.54% | -4.37% | -0.16% | 6.81% | 0.99% | -12.84% |
| 2021 | 0.24% | 0.46% | -0.54% | 3.12% | 1.24% | 0.40% | 0.63% | 2.95% | -0.80% | -0.65% | -2.62% | 2.17% | 6.64% |
Benchmark Metrics
American Beacon Frontier Markets Income Fund has an annualized alpha of 5.60%, beta of 0.09, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (33.46%) than losses (28.23%) - typical of diversified or defensive assets.
- Beta of 0.09 may look defensive, but with R2 of 0.10 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.10 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.60%
- Beta
- 0.09
- R²
- 0.10
- Upside Capture
- 33.46%
- Downside Capture
- 28.23%
Expense Ratio
AGEPX has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AGEPX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Beacon Frontier Markets Income Fund (AGEPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGEPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.48 | ||
| Sortino ratioReturn per unit of downside risk | +6.61 | ||
| Omega ratioGain probability vs. loss probability | 2.47 | 1.37 | +1.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.41 | 2.78 | +3.62 |
| Martin ratioReturn relative to average drawdown | 28.99 | 12.44 | +16.55 |
Dividends
Dividend History
American Beacon Frontier Markets Income Fund provided a 9.51% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $0.84 | $0.64 | $0.49 | $0.63 | $0.59 | $0.73 | $0.80 | $0.68 | $0.74 | $0.59 |
Dividend yield | 9.51% | 9.79% | 11.92% | 9.40% | 7.26% | 7.65% | 7.07% | 8.38% | 9.55% | 7.09% | 8.28% | 6.80% |
Monthly Dividends
The table displays the monthly dividend distributions for American Beacon Frontier Markets Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.07 | $0.05 | $0.07 | $0.05 | $0.07 | $0.31 | ||||||
| 2025 | $0.00 | $0.07 | $0.06 | $0.05 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.13 | $0.74 |
| 2024 | $0.00 | $0.06 | $0.05 | $0.05 | $0.06 | $0.11 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.14 | $0.84 |
| 2023 | $0.00 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.11 | $0.64 |
| 2022 | $0.00 | $0.05 | $0.05 | $0.06 | $0.04 | $0.05 | $0.00 | $0.05 | $0.05 | $0.00 | $0.04 | $0.10 | $0.49 |
| 2021 | $0.00 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Beacon Frontier Markets Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Beacon Frontier Markets Income Fund was 22.47%, occurring on Oct 21, 2022. Recovery took 341 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.47%Oct 2022 | 1y 1mo | 1y 4mo | 2y 5moSep 2021 - Mar 2024 |
COVID crash2020 | -17.08%Mar 2020 | 1mo 2d | 9mo 12d | 10mo 14dFeb 2020 - Dec 2020 |
2016 correction2016 | -11.61%Feb 2016 | 8mo 11d | 5mo 6d | 1y 1moJun 2015 - Jul 2016 |
Rate-hike selloffLate 2018 | -7.14%Nov 2018 | 7mo 10d | 6mo 16d | 1y 1moApr 2018 - Jun 2019 |
2025 selloff2025 | -4.80%Apr 2025 | 1mo 7d | 1mo 3d | 2mo 10dMar 2025 - May 2025 |
Drawdown Indicators
| AGEPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -56.78% | +34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -9.10% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.80% | -18.90% | +14.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -25.43% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -33.92% | +11.45% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -10.71% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.03% | -1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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