American Beacon Ionic Inflation Protection ETF

Frequently Asked Questions About CPII

What does CPII invest in?

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in: inflation swaps; options on U.S. interest rates (“swaptions”); and U.S. Treasury Securities, including U.S. Treasury Inflation-Protected Securities (“TIPS”). Under normal market conditions, the fund will invest up to 30% of its net assets in inflation swaps and swaptions to seek to achieve the fund’s investment objective. It is non-diversified.

What is the expense ratio of CPII?

American Beacon Ionic Inflation Protection ETF (CPII) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

What is CPII's dividend yield?

CPII's trailing-twelve-month yield is 5.25%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CPII?

Effective duration measures CPII's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CPII's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CPII?

CPII's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CPII?

Yield to maturity (YTM) is the total return you'd earn from CPII if every bond in the portfolio is held to maturity at the current price. CPII's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.