MFHVX vs. AGEPX

Last updated Apr 2, 2026

Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and American Beacon Frontier Markets Income Fund (AGEPX).

MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. AGEPX is managed by American Beacon. It was launched on Feb 24, 2014.

Performance

MFHVX vs. AGEPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mesirow High Yield Fund (MFHVX) and American Beacon Frontier Markets Income Fund (AGEPX). The values are adjusted to include any dividend payments, if applicable.

MFHVX vs. AGEPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MFHVX Mesirow High Yield Fund	-1.11%	4.56%	9.72%	14.09%	-12.06%	10.53%	6.88%	12.81%	-3.06%
AGEPX American Beacon Frontier Markets Income Fund	1.69%	18.76%	15.58%	12.83%	-12.84%	6.64%	2.25%	13.10%	0.49%

Returns By Period

In the year-to-date period, MFHVX achieves a -1.11% return, which is significantly lower than AGEPX's 1.69% return.

MFHVX

• 1D: 0.38%
• 1M: -2.59%
• YTD: -1.11%
• 6M: -1.97%
• 1Y: 3.63%
• 3Y*: 7.82%
• 5Y*: 3.81%
• 10Y*: —

AGEPX

• 1D: 0.13%
• 1M: -2.45%
• YTD: 1.69%
• 6M: 7.57%
• 1Y: 18.56%
• 3Y*: 16.05%
• 5Y*: 7.82%
• 10Y*: 7.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MFHVX vs. AGEPX - Expense Ratio Comparison

MFHVX has a 1.43% expense ratio, which is higher than AGEPX's 1.38% expense ratio.

MFHVX

Mesirow High Yield Fund

AGEPX

American Beacon Frontier Markets Income Fund

Return for Risk

MFHVX vs. AGEPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFHVX

MFHVX Risk / Return Rank: 35
MFHVX Sharpe Ratio Rank: 43
MFHVX Sortino Ratio Rank: 36
MFHVX Omega Ratio Rank: 43
MFHVX Calmar Ratio Rank: 29
MFHVX Martin Ratio Rank: 24

AGEPX

AGEPX Risk / Return Rank: 98
AGEPX Sharpe Ratio Rank: 99
AGEPX Sortino Ratio Rank: 98
AGEPX Omega Ratio Rank: 98
AGEPX Calmar Ratio Rank: 97
AGEPX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MFHVX vs. AGEPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) and American Beacon Frontier Markets Income Fund (AGEPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MFHVX	AGEPX	Difference
Sharpe ratio Return per unit of total volatility	0.94	4.01	-3.07
Sortino ratio Return per unit of downside risk	1.27	5.61	-4.35
Omega ratio Gain probability vs. loss probability	1.20	2.06	-0.86
Calmar ratio Return relative to maximum drawdown	0.93	4.36	-3.43
Martin ratio Return relative to average drawdown	2.85	21.44	-18.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFHVX vs. AGEPX - Sharpe Ratio Comparison

The current MFHVX Sharpe Ratio is 0.94, which is lower than the AGEPX Sharpe Ratio of 4.01. The chart below compares the historical Sharpe Ratios of MFHVX and AGEPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MFHVX	AGEPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	4.01	-3.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	1.53	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.26	-0.04

Correlation

The correlation between MFHVX and AGEPX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MFHVX vs. AGEPX - Dividend Comparison

MFHVX's dividend yield for the trailing twelve months is around 8.89%, which matches AGEPX's 8.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFHVX Mesirow High Yield Fund	8.89%	9.41%	8.98%	9.66%	8.95%	8.44%	7.30%	8.61%	0.04%	0.00%	0.00%	0.00%
AGEPX American Beacon Frontier Markets Income Fund	8.96%	9.79%	11.92%	9.40%	7.26%	7.65%	7.07%	8.38%	9.55%	7.09%	8.28%	6.80%

Drawdowns

MFHVX vs. AGEPX - Drawdown Comparison

The maximum MFHVX drawdown since its inception was -20.95%, smaller than the maximum AGEPX drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for MFHVX and AGEPX.

Drawdown Indicators

	MFHVX	AGEPX	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-22.47%	+1.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	-4.14%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-13.54%	-22.47%	+8.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.47%	—
Current Drawdown Current decline from peak	-2.80%	-3.04%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.14%	-3.69%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	0.84%	+0.34%

Volatility

MFHVX vs. AGEPX - Volatility Comparison

The current volatility for Mesirow High Yield Fund (MFHVX) is 1.48%, while American Beacon Frontier Markets Income Fund (AGEPX) has a volatility of 1.69%. This indicates that MFHVX experiences smaller price fluctuations and is considered to be less risky than AGEPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFHVX	AGEPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.69%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	2.77%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	4.62%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	5.12%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.46%	4.98%	-0.52%