# American Beacon SSI Alternative Income Fund Investor Class (PSCAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pscax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: American Beacon · Asset class: Currency - Strategy: Actively Managed · Inception: 2012-05-25 The fund primarily employs a convertible arbitrage strategy. This involves acquiring convertible securities, such as convertible preferred stock, and simultaneously establishing short positions, or hedges, in the common equity of the underlying issuers. To further mitigate unwanted market exposures, the fund may also utilize other hedging instruments like exchange-traded funds (ETFs), options, and currency forwards. A significant portion of its assets could potentially be allocated to the Financial sector. ## Key Facts | Metric | Value | |---|---| | Price | $10.04 | | Expense Ratio | 1.69% | | AUM (All Share Classes) | $408.6M | | NAV | $10.04 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 5.84% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.99 – $10.30 | | Beta | 0.11 | ## Latest Distribution - Amount: $0.0207 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does PSCAX invest in? The fund primarily employs a convertible arbitrage strategy. This involves acquiring convertible securities, such as convertible preferred stock, and simultaneously establishing short positions, or hedges, in the common equity of the underlying issuers. To further mitigate unwanted market exposures, the fund may also utilize other hedging instruments like exchange-traded funds (ETFs), options, and currency forwards. A significant portion of its assets could potentially be allocated to the Financial sector. ### What is the expense ratio of PSCAX? American Beacon SSI Alternative Income Fund Investor Class (PSCAX) charges an expense ratio of 1.69%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PSCAX's dividend yield? PSCAX's trailing-twelve-month yield is 5.84%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PSCAX? American Beacon SSI Alternative Income Fund Investor Class (PSCAX) is one share class of a fund that manages $408.6M across all of its share classes (PSCIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PSCAX actively managed or an index fund? PSCAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PSCAX's is 1.69%) in exchange for the discretion to over- or under-weight positions. ### When was PSCAX launched? American Beacon SSI Alternative Income Fund Investor Class (PSCAX) launched in May 2012 and is managed by American Beacon. ### Does PSCAX pay a dividend? Yes, American Beacon SSI Alternative Income Fund Investor Class (PSCAX) distributes dividends to shareholders. The trailing-twelve-month yield is 5.84%. Full dividend history is on this page. ### How often does PSCAX pay dividends? American Beacon SSI Alternative Income Fund Investor Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PSCAX's next ex-dividend date? The most recently announced ex-dividend date for PSCAX was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PSCAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.69% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PSCAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PSCAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PSCAX cost more than a fund like VOO? PSCAX is actively managed (current expense ratio 1.69%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PSCAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PSCAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PSCAX (1.69%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pscax - Distribution history: https://www.dividenddata.com/funds/pscax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pscax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pscax/expenses - Peer comparison: https://www.dividenddata.com/funds/pscax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.