# American Beacon SSI Alternative Income Fund Y Class (PSCIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pscix 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 aims to generate income, with a secondary focus on achieving absolute returns (positive returns regardless of market conditions). Its core approach utilizes a convertible arbitrage strategy: it purchases convertible securities (which include convertible preferred shares) and simultaneously establishes short positions, or protective hedges, in the common stock issued by those same companies. To further manage specific risks and limit undesirable market exposures, the fund may also employ various other hedging tools, such as Exchange-Traded Funds (ETFs), options, and curren... ## Key Facts | Metric | Value | |---|---| | Price | $10.02 | | Expense Ratio | 1.44% | | AUM (All Share Classes) | $408.2M | | NAV | $10.02 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 6.10% | | Annual Distribution (TTM) | $0.61 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.98 – $10.28 | | Beta | 0.11 | ## Latest Distribution - Amount: $0.0226 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does PSCIX invest in? The fund primarily aims to generate income, with a secondary focus on achieving absolute returns (positive returns regardless of market conditions). Its core approach utilizes a convertible arbitrage strategy: it purchases convertible securities (which include convertible preferred shares) and simultaneously establishes short positions, or protective hedges, in the common stock issued by those same companies. To further manage specific risks and limit undesirable market exposures, the fund may also employ various other hedging tools, such as Exchange-Traded Funds (ETFs), options, and currency forwards, when deemed suitable. It's possible for the fund to have a substantial portion of its investments concentrated in the Financial sector. ### What is the expense ratio of PSCIX? American Beacon SSI Alternative Income Fund Y Class (PSCIX) charges an expense ratio of 1.44%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PSCIX's dividend yield? PSCIX's trailing-twelve-month yield is 6.10%, calculated from the sum of dividends over the past year divided by the current price. ### How big is PSCIX? American Beacon SSI Alternative Income Fund Y Class (PSCIX) is one share class of a fund that manages $408.2M across all of its share classes (PSCAX 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 PSCIX actively managed or an index fund? PSCIX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PSCIX's is 1.44%) in exchange for the discretion to over- or under-weight positions. ### When was PSCIX launched? American Beacon SSI Alternative Income Fund Y Class (PSCIX) launched in May 2012 and is managed by American Beacon. ### Does PSCIX pay a dividend? Yes, American Beacon SSI Alternative Income Fund Y Class (PSCIX) distributes dividends to shareholders. The trailing-twelve-month yield is 6.10%. Full dividend history is on this page. ### How often does PSCIX pay dividends? American Beacon SSI Alternative Income Fund Y 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 PSCIX's next ex-dividend date? The most recently announced ex-dividend date for PSCIX 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 PSCIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.44% 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 PSCIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PSCIX'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 PSCIX cost more than a fund like VOO? PSCIX is actively managed (current expense ratio 1.44%). 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 PSCIX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PSCIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PSCIX (1.44%) 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/pscix - Distribution history: https://www.dividenddata.com/funds/pscix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pscix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pscix/expenses - Peer comparison: https://www.dividenddata.com/funds/pscix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.