American Beacon Bridgeway Large Cap Growth Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
25.7%
1 yr return
39.7%
3 Yr Avg Return
6.7%
5 Yr Avg Return
16.4%
Net Assets
$200 M
Holdings in Top 10
44.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.73%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BLYRX - Profile
Distributions
- YTD Total Return 25.7%
- 3 Yr Annualized Total Return 6.7%
- 5 Yr Annualized Total Return 16.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.06%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAmerican Beacon Bridgeway Large Cap Growth Fund
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Fund Family NameAmerican Beacon
-
Inception DateApr 30, 2018
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn 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.
BLYRX - Performance
Return Ranking - Trailing
Period | BLYRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.7% | 1.1% | 49.9% | 68.71% |
1 Yr | 39.7% | 5.8% | 72.5% | 64.29% |
3 Yr | 6.7%* | -27.2% | 24.8% | 47.56% |
5 Yr | 16.4%* | -13.3% | 30.8% | 53.54% |
10 Yr | N/A* | -4.4% | 20.0% | 25.79% |
* Annualized
Return Ranking - Calendar
Period | BLYRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 30.4% | -74.1% | 72.4% | 55.57% |
2022 | -36.1% | -85.9% | 4.7% | 61.18% |
2021 | 1.6% | -52.4% | 60.5% | 70.57% |
2020 | 21.6% | -34.3% | 145.0% | 66.51% |
2019 | 18.1% | -6.9% | 49.4% | 84.43% |
Total Return Ranking - Trailing
Period | BLYRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.7% | 1.1% | 49.9% | 68.71% |
1 Yr | 39.7% | 5.8% | 72.5% | 64.29% |
3 Yr | 6.7%* | -27.2% | 24.8% | 47.56% |
5 Yr | 16.4%* | -13.3% | 30.8% | 53.54% |
10 Yr | N/A* | -4.4% | 20.0% | 23.97% |
* Annualized
Total Return Ranking - Calendar
Period | BLYRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 31.4% | -4.6% | 72.4% | 70.86% |
2022 | -25.2% | -61.7% | 5.6% | 22.54% |
2021 | 21.9% | -39.8% | 118.1% | 52.00% |
2020 | 34.6% | 2.8% | 149.2% | 50.05% |
2019 | 30.3% | -5.2% | 49.4% | 73.31% |
NAV & Total Return History
BLYRX - Holdings
Concentration Analysis
BLYRX | Category Low | Category High | BLYRX % Rank | |
---|---|---|---|---|
Net Assets | 200 M | 292 K | 287 B | 79.86% |
Number of Holdings | 64 | 2 | 3061 | 47.34% |
Net Assets in Top 10 | 91.9 M | 126 K | 151 B | 83.98% |
Weighting of Top 10 | 44.55% | 0.7% | 205.0% | 77.53% |
Top 10 Holdings
- NVIDIA Corp. 6.37%
- Alphabet, Inc. 6.20%
- Microsoft Corp. 5.33%
- Amazon.com, Inc. 5.28%
- Apple, Inc. 4.69%
- Mastercard, Inc. 3.55%
- Meta Platforms, Inc. 3.50%
- KLA Corp. 3.40%
- Uber Technologies, Inc. 3.21%
- Broadcom, Inc. 3.04%
Asset Allocation
Weighting | Return Low | Return High | BLYRX % Rank | |
---|---|---|---|---|
Stocks | 97.55% | 0.00% | 115.30% | 78.31% |
Cash | 2.44% | 0.00% | 173.52% | 19.17% |
Other | 0.01% | -31.50% | 50.35% | 22.95% |
Preferred Stocks | 0.00% | 0.00% | 10.69% | 97.84% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 97.29% |
Bonds | 0.00% | 0.00% | 102.71% | 97.12% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BLYRX % Rank | |
---|---|---|---|---|
Technology | 42.53% | 0.00% | 65.70% | 15.60% |
Consumer Cyclical | 14.12% | 0.00% | 62.57% | 61.86% |
Healthcare | 11.29% | 0.00% | 39.76% | 63.39% |
Consumer Defense | 8.71% | 0.00% | 25.50% | 6.85% |
Financial Services | 7.50% | 0.00% | 43.06% | 66.10% |
Communication Services | 4.84% | 0.00% | 66.40% | 89.99% |
Basic Materials | 4.65% | 0.00% | 18.91% | 9.38% |
Energy | 2.99% | 0.00% | 41.09% | 20.47% |
Industrials | 2.08% | 0.00% | 30.65% | 88.37% |
Real Estate | 1.21% | 0.00% | 16.05% | 47.88% |
Utilities | 0.07% | 0.00% | 16.07% | 27.77% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BLYRX % Rank | |
---|---|---|---|---|
US | 97.55% | 0.00% | 115.30% | 66.07% |
Non US | 0.00% | 0.00% | 75.51% | 97.93% |
BLYRX - Expenses
Operational Fees
BLYRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.01% | 28.71% | 71.36% |
Management Fee | 0.55% | 0.00% | 1.50% | 40.25% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 18.99% |
Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
BLYRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
BLYRX 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.
BLYRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 57.00% | 0.00% | 316.74% | 72.24% |
BLYRX - Distributions
Dividend Yield Analysis
BLYRX | Category Low | Category High | BLYRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.26% | 0.00% | 27.58% | 27.39% |
Dividend Distribution Analysis
BLYRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
BLYRX | Category Low | Category High | BLYRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.06% | -6.13% | 3.48% | 22.17% |
Capital Gain Distribution Analysis
BLYRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.101 | OrdinaryDividend |
Dec 21, 2023 | $0.131 | CapitalGainLongTerm |
Dec 22, 2022 | $4.027 | OrdinaryDividend |
Dec 22, 2021 | $7.295 | OrdinaryDividend |
Dec 22, 2020 | $3.883 | OrdinaryDividend |
Dec 20, 2019 | $0.073 | CapitalGainShortTerm |
Dec 20, 2019 | $3.008 | CapitalGainLongTerm |
Dec 20, 2018 | $0.111 | OrdinaryDividend |
Dec 20, 2018 | $0.976 | CapitalGainShortTerm |
Dec 20, 2018 | $1.661 | CapitalGainLongTerm |
BLYRX - 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 |