American Beacon Developing World Income Fund - Investor Class
AGEPX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 220 East Las Colinas Boulevard Irving TX United States of America 75039
- IPO Date
- Feb 26, 2014
- CIK
- 0000809593
- Website
- americanbeaconfunds.com
- Similar Companies
- Business
- American Beacon Developing World Income Fund - Investor Class (AGEPX) is an open-end mutual fund that seeks income with capital appreciation as a secondary objective by investing at least 80% of its net assets in fixed-income securities, currencies, and derivatives economically tied to frontier market countries, including sovereign and corporate debt from nations such as Nigeria, Egypt, Zambia, Kenya, Uzbekistan, Angola, Uganda, Kyrgyzstan, and Kazakhstan; the portfolio typically features high-yield bonds with effective durations around 3.5 years, credit ratings predominantly in BB, B, and CCC categories, and allocations across maturities from short-term (0-3 years) to long-term (15+ years), with approximately 90% in fixed income and 10% in cash as of mid-2025. The Investor Class shares, identified by ticker AGEPX and CUSIP 024525693, carry a net expense ratio of 1.40% and a minimum initial investment of $2,500, with monthly dividend distributions reflecting a trailing 12-month yield exceeding 9%; the fund is part of the American Beacon Funds family, advised by American Beacon Advisors, Inc., and sub-advised by Global Evolution USA, LLC (approximately 56% allocation) and Aberdeen Asset Managers Limited (approximately 44% allocation) as of June 30, 2025, employing complementary strategies focused on developing world debt. Launched on February 25, 2014, and domiciled in the United States with headquarters operations aligned to American Beacon Advisors in Irving, Texas, the fund targets investors seeking exposure to least-developed markets beyond traditional emerging economies, benchmarking performance against the Bloomberg Global Aggregate Total Return Index (Value Hedged USD) and JPMorgan EMBI Global Diversified Index. In September 2025, the fund's parent organization, Resolute Investment Managers, Inc., rebranded as American Beacon Partners to strengthen its platform connecting financial advisors with institutional-caliber managers across equity, fixed income, and alternatives, enhancing distribution, administrative support, and strategic partnerships without altering the fund's sub-advisory structure or operations.