Skip to content
etf.net

AHLT

GradeCNew York Stock Exchange Arca

American Beacon Select Funds - Ahl Liquid Trend ETF

Multi-Asset & Alternatives · American Beacon · Inception 2023-08-29

$30.85+0.34 (+1.13%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Aug 31, 2023.
Intraday session: up, 30 prints from 30.51 to 30.85. Range 30.44 to 30.91. Use the arrow keys to read each point.$30.40$30.6010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$166M
1Y return
+29.4%
Yield · Last 12 months
1.47%
Holdings
32
Volume · 30D
0M sh
NAV per share
$30.46
52W range
low $23.57high $30.78

The ETF.net AHLT Grade

C

45/ 100

Rank 31 of 46 in Tactical Allocation⁠

Confidence Medium

Six-pillar profile for AHLT. Scores out of 100: Cost 47, Risk 36, Mission not scored, Tradability 59, Holdings 19, Durability 73. Strongest: Durability (73). Weakest: Holdings (19). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 47
    Category rank25/46 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 36
    Category rank35/46 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank21/46 · top 46%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 19
    Category rank41/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank8/46 · top 17%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AHLT

ETF.net Research

CAmerican Beacon's first ETF, run by Man AHL of Man Group: a systematic machine that goes long or short across 20-plus global markets in stock indices, bonds, currencies and commodities, following price trends wherever they form.

Stated mandate

The Fund seeks capital growth through a quantitative, systematic trend-following strategy across more than 20 global markets. It uses derivatives and may take both long and short positions, with exposure adjusted through volatility scaling and risk controls.

Why people hold it

  1. 01The engine is Man AHL, the London systematic arm of Man Group, and American Beacon had already run AHL strategies together for about a decade before this ETF launched in 2023.businesswire.com
  2. 02One rulebook, many markets: derivatives across more than 20 global stock index, bond, currency and commodity markets, with the freedom to lean short as easily as long.
  3. 03Delivered as a standard 1940 Act fund, not a commodity-pool partnership, and it changes hands more easily than a niche managed-futures strategy usually does.

Worth knowing

  1. 01The 0.95% fee is exactly the median for tactical multi-asset funds, but simpler rules-based peers ask far less: ENDW at 0.22%, ONOF at 0.39%.
  2. 02Trend systems buy strength and sell weakness, so returns can look nothing like a stock-and-bond portfolio, and sharp reversals cut against the positions the model already holds.
  3. 03Live since 2023, so the on-screen record is short, and cash comes back once or twice a year rather than monthly.

AHLT Holdings

As of Sep 20, 2026, 9:23 AM
Asset class
Stocks
Holdings
32
Top-10 weight
645%
Largest holding
FGBMZ26115.1%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FGBMZ26EURO-BOBL FUTURE DEC26 XEUR 20261208115.15%-74,600,000$-96M1
002FGBLZ26EURO-BUND FUTURE DEC26 XEUR 20261208100.58%-60,600,000$-84M1
003TYZ26US 10YR NOTE (CBT)DEC26 XCBT 2026122198.18%-77,300,000$-82M3
004—AUD26110992.73%109,100,000$-78M1
005FVZ26US 5YR NOTE (CBT) DEC26 XCBT 2026123191.19%-73,000,000$-76M2
006—GBP26100852.26%30,750,000$-44M1
007USZ26US LONG BOND(CBT) DEC26 XCBT 2026122136.28%-28,200,000$-30M1
008AULZ26US ULTRA BOND CBT DEC26 XCBT 2026122128.24%-21,600,000$-24M1
009FLGZ6LONG GILT FUTURE DEC26 IFLL 2026122923.28%-17,000,000$-19M1
010—CANADIAN DOLLAR7.27%-8,500,000$-6M43
011—EURO CURRENCY2.70%-1,965,259$-2M91
012—NET OTHER ASSETS0.05%0$-44K134

Showing 1–12 of 12 holdings

AHLT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AHLT$12,938
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AHLT $12,938. SPY $11,723. Use the arrow keys to read each point.$9,245$11,322$13,400Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AHLT. Periods over one year show the average yearly return.
PeriodAHLT
Year to date+15.3%
1 month+3.3%
3 months+3.4%
1 year+29.4%
3 years+7.3%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AHLT
YearReturn barAHLT
2026 YTD+15.3%
2025+13.7%
2024+6.1%
2023−8.3%

History from Aug 31, 2023

AHLT in the news

ETF.net Research hasn’t filed on AHLT yet — coverage lands here as it’s written.

AHLT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.47%Last 12 months
Payout per share
$0.45Last 12 months
Last payment
$0.45 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2023–2026

One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.83; Dec 22, 2025 $0.45. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 24, 2025$0.45
Dec 21, 2023Dec 27, 2023$0.83

AHLT Risk

How much the fund’s monthly returns vary, scaled to a year.
14.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.24
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−20.1%
36 months · trough May 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AHLT Cost

Expense ratio0.96%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

24 of the 46 Tactical Allocation funds charge less.

AHLT costs $96.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.