American Beacon Files ETF Using Options-Based Income Strategy

The American Beacon Structured IncomeTRAX ETF seeks to generate equity-linked income through total return swaps referencing a proprietary Income Barrier Index. The actively-managed strategy uses a laddered portfolio of synthetic five-year options tied to a 20% volatility-managed U.S. large-cap index, aiming to provide fixed upside payouts when markets rise while avoiding losses in modest declines. If the index falls below an 80% barrier at maturity, the strategy participates in downside losses. The fund will primarily hold cash, short-term fixed income, and collateral assets alongside its swap exposure.