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AVFIX American Beacon Small Cp Val Inst

  • Fund
  • AVFIX
  • Price as of: Sep 20, 2019
  • $22.86 - $0.07 - 0.31%

AVFIX - Profile

Vitals

  • YTD Return 14.0%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return -3.4%
  • Net Assets $5.85 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$22.86
$18.91
$29.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 14.0%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.66%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name American Beacon Small Cap Value Fund
  • Fund Family Name American Beacon
  • Inception Date Dec 31, 1998
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager James B. Miles

Fund Description

Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowings for investment purposes) are invested in equity securities of small market capitalization U.S. companies. These companies have market capitalizations of $5 billion or less at the time of investment. The fund's investments may include common stocks, real estate investment trusts ("REITs"), American Depositary Receipts ("ADRs") and U.S. dollar-denominated foreign stocks traded on U.S. exchanges (collectively, "stocks").

AVFIX - Performance

Return Ranking - Trailing

Period AVFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -7.8% 23.8% 49.60%
1 Yr -23.0% -47.8% -1.0% 78.75%
3 Yr -3.0%* -16.3% 10.0% 58.33%
5 Yr -3.4%* -16.3% 6.8% 48.83%
10 Yr 4.0%* -6.9% 12.8% 41.44%

* Annualized


Return Ranking - Calendar

Period AVFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -26.8% -48.1% 5.1% 66.85%
2017 -0.8% -28.5% 16.6% 66.08%
2016 23.0% 3.0% 58.5% 38.20%
2015 -10.4% -31.2% 2.5% 37.50%
2014 -7.8% -35.0% 301.5% 61.81%

Total Return Ranking - Trailing

Period AVFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.0% -7.8% 23.8% 49.60%
1 Yr -11.4% -47.8% 4.9% 31.88%
3 Yr 5.8%* -16.3% 10.9% 19.35%
5 Yr 5.6%* -15.3% 10.2% 17.73%
10 Yr 10.4%* -6.9% 17.4% 6.63%

* Annualized


Total Return Ranking - Calendar

Period AVFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.8% -48.1% 5.1% 24.51%
2017 8.7% -28.5% 18.0% 41.59%
2016 26.7% 3.0% 58.5% 28.26%
2015 -5.0% -28.1% 3.0% 29.61%
2014 4.8% -35.0% 344.6% 28.82%

NAV & Total Return History

AVFIX - Holdings

Concentration Analysis

AVFIX Category Low Category High AVFIX % Rank
Net Assets 5.85 B 1.3 M 29 B 2.13%
Number of Holdings 532 23 1621 7.73%
Net Assets in Top 10 635 M 50.4 K 1.64 B 12.53%
Weighting of Top 10 11.53% 3.8% 253.5% 80.80%

Top 10 Holdings

  1. E-Mini Russ 2000 Sep19 Xcme 20190920 3.53%

  2. Diodes Inc 1.17%

  3. Portland General Electric Co 1.17%

  4. Seritage Growth Properties Class A 0.85%

  5. Enstar Group Ltd 0.84%

  6. Avnet Inc 0.83%

  7. Brooks Automation Inc 0.81%

  8. MGIC Investment Corp 0.78%

  9. First Hawaiian Inc 0.77%

  10. American Axle & Mfg Holdings Inc 0.77%


Asset Allocation

Weighting Return Low Return High AVFIX % Rank
Stocks
96.59% 83.85% 100.37% 74.40%
Cash
3.42% -3.69% 16.19% 24.80%
Preferred Stocks
0.00% 0.00% 2.25% 47.73%
Other
0.00% -4.78% 8.66% 50.67%
Convertible Bonds
0.00% 0.00% 2.98% 46.93%
Bonds
0.00% -7.90% 3.74% 46.67%

Stock Sector Breakdown

Weighting Return Low Return High AVFIX % Rank
Financial Services
25.95% 0.00% 38.63% 41.87%
Industrials
17.85% 0.44% 36.79% 32.00%
Consumer Cyclical
14.45% 0.38% 58.13% 27.47%
Technology
13.49% 0.00% 29.66% 18.13%
Basic Materials
5.69% 0.00% 27.50% 61.33%
Real Estate
4.43% 0.00% 19.33% 77.07%
Energy
3.90% 0.00% 18.56% 68.53%
Utilities
2.35% 0.00% 10.81% 64.80%
Consumer Defense
2.31% 0.00% 11.58% 72.53%
Healthcare
2.11% 0.00% 18.07% 77.60%
Communication Services
0.17% 0.00% 3.78% 45.33%

Stock Geographic Breakdown

Weighting Return Low Return High AVFIX % Rank
US
94.40% 82.96% 99.89% 51.47%
Non US
2.19% 0.00% 16.88% 50.93%

AVFIX - Expenses

Operational Fees

AVFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.00% 11.37% 92.95%
Management Fee 0.73% 0.00% 1.49% 22.40%
12b-1 Fee 0.00% 0.00% 1.00% 13.69%
Administrative Fee 0.30% 0.00% 0.50% 88.64%

Sales Fees

AVFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AVFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AVFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 4.08% 558.00% 63.88%

AVFIX - Distributions

Dividend Yield Analysis

AVFIX Category Low Category High AVFIX % Rank
Dividend Yield 0.79% 0.00% 4.49% 22.40%

Dividend Distribution Analysis

AVFIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

AVFIX Category Low Category High AVFIX % Rank
Net Income Ratio 0.66% -1.64% 2.21% 35.77%

Capital Gain Distribution Analysis

AVFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

AVFIX - Managers

James B. Miles

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.68

20.7%

In his role as portfolio manager, Mr. Miles plays an integral part in the investment research review and decision-making process. He coordinates the day-to-day management of Small Cap Value portfolios, represents all strategies to current and prospective clients, as well as provides expertise and insight into the consumer and technology sectors. Prior to joining the firm, Mr. Miles was a vice president in corporate finance at BT Securities Corporation, an affiliate of Bankers Trust. He specialized in lending to and arranging debt for highly leveraged companies. Mr. Miles received his BS in Mechanical Engineering and MS in Engineering from Stanford University and MBA from the University of California, Los Angeles.


Steven M. Tonkovich

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.68

20.7%

Steve M. Tonkovich is a portfolio manager. Mr. Tonkovich, Managing Director and Portfolio Manager of Brandywine Global, is co-lead portfolio manager of the Diversified Value Equity strategies. He plays an integral role in the team’s continual refinement of the Diversified Value Equity investment process and the firm’s ongoing research into value investing. Prior to joining the firm in 1989, he was with the Wharton School of the University of Pennsylvania as a research analyst in the Finance Department (1987 – 1989); and the Moore School of Electrical Engineering of the University of Pennsylvania as a research assistant (1986 – 1987). Mr. Tonkovich is a member of the firm’s Executive Board.


Henry F. Otto

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.68

20.7%

Henry is the founder and co-lead portfolio manager of the Diversified Value Equity strategies. Prior to joining Brandywine Global in 1988, he was with Dimensional Fund Advisors, Inc., where he managed and traded small cap portfolios and developed computer systems to structure portfolios and analyze performance (1984-1987), and the Chicago Board of Trade as a financial economist developing financial-based futures and options (1982-1984). He earned both an M.B.A. in Finance and Economics and a B.A. in Economics from the University of Chicago. Henry is a member of the Firm's Executive Board.


David E. Green

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1998

20.68

20.7%

David Green has been Principal and Portfolio Manager of Hotchkis & Wiley Capital Management, LLC since 2001. In his role as portfolio manager, Mr. Green plays an integral part in the investment research review and decision-making process. He coordinates the day-to-day management of Small Cap Value and Value Opportunities portfolios, represents these strategies to current and prospective clients, as well as provides expertise and insight into Special Situations. Prior to joining the firm, Mr. Green worked as a senior equity analyst with Goldman Sachs Asset Management on the Broad Market Value team. Before joining Goldman Sachs, he worked as an equity analyst with Prudential Investment Corporation where he began his investment career in 1990. Mr. Green's investment experience is focused primarily on analysis of publicly traded equities. Mr. Green, a CFA charterholder, received his BA in Economics with honors from the University of California, Berkeley and is a member of Phi Beta Kappa.


James S. McClure

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2003

15.68

15.7%

Mr. McClure joined BHMS in 1995 from Goldman Sachs Asset Management, where he had been a vice president and senior portfolio manager, managing the Capital Growth Fund, as well as separate accounts. During his 46-year investment career, he has served as the Chief Investment Officer, and then President and Chief Operating Officer at National Securities and Research Corporation. He also served as the Chief Investment Officer and executive vice president at Oppenheimer & Co., Inc. He managed mutual funds at American Capital Management and Research and was initially a securities analyst at American National Insurance Company. Mr. McClure graduated from the University of Texas where he earned both his BA and MBA.


John P. Harloe

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2003

15.68

15.7%

Mr. Harloe joined BHMS in 1995 from Sterling Capital Management, where he served as a vice president and equity portfolio manager/analyst for 9 years. During the remainder of his 42-year investment career, Mr. Harloe worked with James McClure at American National Insurance Company, American Capital Management and Research, and Oppenheimer & Co., Inc. Mr. Harloe graduated from the University of South Carolina with a BA and an MBA.


Edward R. Walter

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2004

14.93

14.9%

Edward R. Walter, CFA Managing Director, Senior Portfolio Manager Ed is a senior portfolio manager on the Small Mid Cap Equity investment team. He began his career in 1989 at Standish, Ayer & Wood. Ed has served in various roles, ranging from analyst to portfolio manager, across small-cap, large-cap, value, growth, international and domestic portfolios. In addition, he has covered a wide variety of sectors and industries during his tenure. Ed has a degree in finance from Villanova University and holds the Chartered Financial Analyst® designation.


Joseph M. Corrado

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2004

14.93

14.9%

Joseph M. Corrado, CFA Executive Vice President, Senior Portfolio Manager Joe is a senior portfolio manager on the US Small Mid Cap Equity team and the lead portfolio manager for US Small Cap Value strategies. He has been managing small-cap and small/mid-cap assets since 1998. Joe previously served as an analyst, portfolio manager and director of equity research. Prior to joining the firm in 1986, Joe held equity research positions at Shearson Lehman Brothers, Manufacturers Hanover Trust and New York Life Insurance Co. Joe has been in the investment industry since 1977. Joe serves as board chair for the Neighborhood House Charter School in Dorchester and is a trustee for Schrafft Charitable Trust. He earned a degree in finance from New York University. Joe holds the CFA® designation and is a member of the CFA Institute.


Mark J. Roach

Manager

Start Date

Tenure

Tenure Rank

Jul 29, 2010

9.1

9.1%

Mr. Roach has been with Foundry since 2016. Prior to joining Foundry, Mr. Roach was a Lead Portfolio Manager at Dreman from 2006 to 2016.


Mario Tufano

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2010

8.67

8.7%

Mr. Tufano has been with Foundry since 2016. Prior to joining Foundry, Mr. Tufano was an Associate Portfolio Manager at Dreman from 2007 to 2016.


Tenure Analysis

Category Low

0.03

Category High

34.7

Category Average

7.75

Category Mode

0.83