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Trending ETFs

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$32.11

$185 M

12.60%

$4.03

1.82%

Vitals

YTD Return

18.1%

1 yr return

30.5%

3 Yr Avg Return

8.5%

5 Yr Avg Return

14.6%

Net Assets

$185 M

Holdings in Top 10

41.4%

52 WEEK LOW AND HIGH

$32.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.82%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$32.11

$185 M

12.60%

$4.03

1.82%

BLYCX - Profile

Distributions

  • YTD Total Return 18.1%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 14.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.03%
DIVIDENDS
  • Dividend Yield 12.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    American Beacon Bridgeway Large Cap Growth Fund
  • Fund Family Name
    American Beacon
  • Inception Date
    Feb 05, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Montgomery

Fund Description

The Fund invests in a diversified portfolio of stocks of large capitalization companies that are listed on the New York Stock Exchange, NYSE American, or Nasdaq. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in stocks from among those in the large-cap growth category at the time of purchase. For purposes of the Fund’s investments, “large-cap stocks” are common stocks of companies whose market capitalization (stock market worth) falls within the range of the Russell 1000® Index at the time of investment. The Russell 1000 Index is an unmanaged, market value weighted index, which measures the performance of approximately 1,000 of the largest companies in the U.S. equity market. The Russell 1000 Index is reconstituted from time to time. The market capitalization range for the Russell 1000 Index was $353.3 million to $2.9 trillion as of January 31, 2024.

The Fund’s sub-advisor, Numeric Investors LLC (“Numeric”), uses a proprietary model-driven quantitative approach to select large-cap growth stocks generally represented in the Russell 1000® Growth Index, plus large capitalization stocks with similar “growth” characteristics that are not represented in the Russell 1000 Growth Index (collectively, “large-cap growth” stocks). The Russell 1000 Growth Index includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. Numeric selects stocks that have, in its opinion, attractive valuations, positive long-term growth characteristics, sustainable competitive advantages, relatively benign competitive environments, and favorable industry dynamics. In seeking to achieve this goal, stocks are selected from the universe using a balance of proprietary quantitative models that blend fundamental investment concepts with other uncorrelated drivers of stock returns to aid in forecasting a company’s long term business prospects. A discretionary overlay based on fundamental research supplements the quantitative models to verify data, validate assumptions, and incorporate any insights that may not be picked up by the models. The discretionary overlay is expected to operate only to exclude stocks from the portfolio that have been recommended by the models. The overlay will not identify stocks for investment outside of the models.

Based on statistically driven rules in the quantitative models, securities are sold in Numeric’s discretion for various reasons, including, without limitation, when they fall into the bottom 50% of the stock selection universe, the reasons for selecting the stock are no longer valid, or when necessary to maintain the risk profile of the overall Fund. Numeric will not necessarily sell a stock if it “migrates” outside the market capitalization range of the Russell 1000 Index after purchase or if a stock begins to have characteristics of a “value” stock as opposed to a growth stock. As a result, the Fund may invest in stocks that are no longer large-cap growth stocks, including stocks of mid-capitalization companies and stocks that exhibit value characteristics.

Numeric’s investment process incorporates environmental, social and/or governance (“ESG”) analysis as a consideration in the assessment of potential portfolio investments. However, as ESG information is just one investment consideration, ESG considerations are not solely determinative in any investment decision made. In addition, Numeric does not use ESG considerations to limit, restrict or otherwise exclude companies or sectors from the Fund’s investment universe. Numeric may use ESG research and/or ratings information provided by one or more third parties in performing this analysis and considering ESG risks.

Although the Fund seeks investments across a number of sectors, from time to time, the Fund may have significant positions in particular sectors, including the Information Technology sector. However, as the sector composition of the Fund’s portfolio changes over time, the Fund’s exposure to the Information Technology sector may be lower at a future date, and the Fund’s exposure to other market sectors may be higher.

The Fund may invest cash balances in a government money market fund advised by the Manager, with respect to which the Manager receives a management fee. The Fund also may purchase and sell equity index futures contracts to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs. The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions.

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BLYCX - Performance

Return Ranking - Trailing

Period BLYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -12.7% 33.7% 51.53%
1 Yr 30.5% -19.7% 59.8% 55.41%
3 Yr 8.5%* -30.6% 25.2% 46.09%
5 Yr 14.6%* -15.9% 29.5% 64.90%
10 Yr N/A* -6.2% 19.8% 61.07%

* Annualized

Return Ranking - Calendar

Period BLYCX Return Category Return Low Category Return High Rank in Category (%)
2023 29.5% -74.1% 72.4% 57.97%
2022 -37.9% -85.9% 4.7% 67.59%
2021 -1.0% -52.4% 60.5% 75.45%
2020 19.7% -34.3% 145.0% 72.98%
2019 16.2% -21.8% 49.4% 89.16%

Total Return Ranking - Trailing

Period BLYCX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.1% -12.7% 33.7% 51.53%
1 Yr 30.5% -19.7% 59.8% 55.41%
3 Yr 8.5%* -30.6% 25.2% 46.09%
5 Yr 14.6%* -15.9% 29.5% 64.90%
10 Yr N/A* -6.2% 19.8% 57.53%

* Annualized

Total Return Ranking - Calendar

Period BLYCX Return Category Return Low Category Return High Rank in Category (%)
2023 30.1% -4.6% 72.4% 74.36%
2022 -26.0% -61.7% 5.6% 25.60%
2021 20.6% -39.8% 118.1% 57.88%
2020 33.0% 2.8% 149.2% 58.44%
2019 28.8% -5.2% 49.4% 84.24%

NAV & Total Return History


BLYCX - Holdings

Concentration Analysis

BLYCX Category Low Category High BLYCX % Rank
Net Assets 185 M 242 K 269 B 80.58%
Number of Holdings 57 2 3211 55.43%
Net Assets in Top 10 83.5 M 109 K 129 B 82.66%
Weighting of Top 10 41.44% 0.7% 205.0% 80.33%

Top 10 Holdings

  1. Alphabet, Inc. 5.26%
  2. NVIDIA Corp. 5.16%
  3. Microsoft Corp. 5.14%
  4. Amazon.com, Inc. 5.05%
  5. Apple, Inc. 4.43%
  6. Mastercard, Inc. 3.97%
  7. Uber Technologies, Inc. 3.48%
  8. Valero Energy Corp. 3.27%
  9. KLA Corp. 2.95%
  10. American Beacon U.S. Government Money Market Select Fund 2.73%

Asset Allocation

Weighting Return Low Return High BLYCX % Rank
Stocks
97.09% 0.00% 134.69% 82.05%
Cash
2.86% 0.00% 173.52% 21.37%
Other
0.05% -44.39% 50.04% 20.49%
Preferred Stocks
0.00% 0.00% 8.99% 61.73%
Convertible Bonds
0.00% 0.00% 1.94% 56.11%
Bonds
0.00% 0.00% 104.29% 58.76%

Stock Sector Breakdown

Weighting Return Low Return High BLYCX % Rank
Technology
42.53% 0.00% 65.70% 15.22%
Consumer Cyclical
14.12% 0.00% 62.57% 61.48%
Healthcare
11.29% 0.00% 39.76% 63.76%
Consumer Defense
8.71% 0.00% 25.50% 6.68%
Financial Services
7.50% 0.00% 43.06% 66.67%
Communication Services
4.84% 0.00% 66.40% 89.80%
Basic Materials
4.65% 0.00% 18.91% 9.23%
Energy
2.99% 0.00% 41.09% 20.40%
Industrials
2.08% 0.00% 30.65% 88.65%
Real Estate
1.21% 0.00% 16.05% 48.99%
Utilities
0.07% 0.00% 16.07% 27.26%

Stock Geographic Breakdown

Weighting Return Low Return High BLYCX % Rank
US
97.09% 0.00% 134.69% 69.44%
Non US
0.00% 0.00% 74.83% 69.09%

BLYCX - Expenses

Operational Fees

BLYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.82% 0.01% 28.71% 11.68%
Management Fee 0.55% 0.00% 1.50% 37.13%
12b-1 Fee 1.00% 0.00% 1.00% 90.45%
Administrative Fee N/A 0.01% 1.02% 97.28%

Sales Fees

BLYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load 1.00% 1.00% 5.00% 58.02%

Trading Fees

BLYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

BLYCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 316.74% 72.00%

BLYCX - Distributions

Dividend Yield Analysis

BLYCX Category Low Category High BLYCX % Rank
Dividend Yield 12.60% 0.00% 27.58% 75.28%

Dividend Distribution Analysis

BLYCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

BLYCX Category Low Category High BLYCX % Rank
Net Income Ratio -1.03% -6.13% 3.48% 88.25%

Capital Gain Distribution Analysis

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

Distributions History

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BLYCX - Fund Manager Analysis

Managers

John Montgomery


Start Date

Tenure

Tenure Rank

Oct 31, 2003

18.59

18.6%

John, CIO and President,founded Bridgeway in 1993.He worked with computer modeling and quantitative methods as a research engineer at MIT in the late 1970s. Later, as a student at Harvard, he investigated methods to apply modeling to portfolio management. He began applying these methods to his investments in 1985. Over the next 6 years, this style proved more successful than even John had expected. He left his full-time position in the transportation industry at the end of 1991 to perform full-time research on his models, study the mutual fund industry, and write a business plan for Bridgeway.

Elena Khoziaeva


Start Date

Tenure

Tenure Rank

Oct 28, 2005

16.6

16.6%

Elena Khoziaeva, CFA, is a portfolio manager and began working at Bridgeway in 1998. Her responsibilities include portfolio management, investment research, and statistical modeling. Elena earned a Bachelor of Economic Sciences from Belarussian State Economic University in Minsk and graduated with highest honors from the University of Houston with an MBA in Accounting.

Michael Whipple


Start Date

Tenure

Tenure Rank

Oct 28, 2005

16.6

16.6%

Mike Whipple, CFA, FRM, is a portfolio manager and began working for Bridgeway in 2002. His responsibilities include portfolio management, investment research, and statistical modeling. He holds a BS in Accountancy and Finance from Miami University in Ohio. Michael worked in public accounting with a focus in auditing from 1993 to 2000 before attending the University of Chicago Booth School of Business from 2000 to 2002, where he earned his MBA.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08