Morningstar® Investment Profile™   Morningstar®
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American Beacon Small Cp Val Inst  AVFIX
Release date as of 2019-10-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2019-10-31
Out of 387
Small Value Funds
Morningstar®
Style Box™
What is this?
As of 2019-09-30
Total Fund Assets ($ Mil)
6,199.75
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term capital appreciation and current income.
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").
  Morningstar Category: Small Value
Small-value portfolios invest in small U.S. companies with valuations and growth rates below other small-cap peers. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Performance
Growth of $10,000
(from 2009-01-01 to 2019-10-31)
Investment: American Beacon Small Cp Val Inst
Benchmark 1: S&P 500 TR USD
Benchmark 2: Russell 2000 Value TR USD
Category: Small Value
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 15.30 2.01 7.31 5.44 11.29 9.77
S&P 500 TR USD 23.16 14.33 14.91 10.78 13.70 6.45
Russell 2000 Value TR USD 15.55 3.22 8.60 6.24 11.08 8.64
Category 14.15 1.55 6.66 4.38 10.14 8.51
Morningstar Rating --- --- ---
# of compared Small Value funds covered (3 yrs : out of 387 funds) (5 yrs : out of 342 funds) (10 yrs : out of 238 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 0.81%
Prospectus Net Expense Ratio 0.81%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 94.4
Bullet Non-U.S. Stocks Non-U.S. Stocks 2.1
Bullet Bonds Bonds 0.2
Bullet Cash Cash 3.4
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2019-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 54.45
Basic Materials 5.52
Consumer Cyclical 16.57
Financial Services 26.96
Real Estate 5.40
Sensitive 37.60
Communication Services 0.06
Energy 4.25
Industrials 18.51
Technology 14.78
Defensive 7.94
Consumer Defensive 2.34
Healthcare 2.90
Utilities 2.70
Data through 2019-09-30
Holding Status
Total Number of Stock Holdings 526
Total Number of Bond Holdings 1
% of Net Assets in Top 10 Holdings 14.04
Turnover % (as of 2018-10-31) 69.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Future on Russell 2000 Dec19 --- --- 3.48
State Street Instl US Govt MMkt Svc --- --- 2.92
Diodes Inc 114.94 1.14
Portland General Electric Co 21.37 1.12
Brooks Automation Inc 19.34 0.98
Seritage Growth Properties Class A --- 0.96
Enstar Group Ltd 20.53 0.94
Vishay Intertechnology Inc --- 0.86
Avnet Inc --- 0.84
MGIC Investment Corp 10.30 0.80
Data through 2019-09-30
  Principal Risks   
Lending, Foreign Securities, Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Quantitative Investing, Value Investing, Issuer, Market/Market Volatility, Equity Securities, Futures, Industry and Sector Investing, Other, Underlying Fund/Fund of Funds, Multimanager, Management, Small Cap
Show Risk Definitions
  Other Information
Inception Date: 1998-12-31
Portfolio Manager(s)
Edward R. Walter   (2004-09-30)
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.
Cynthia M. Thatcher   (2016-02-28)
Cynthia Thatcher joined American Beacon Advisors, Inc. in December 1999 and serves as Portfolio Manager, Asset Management. Ms. Thatcher is responsible for Trust Department activities associated with AMR’s $uper $aver 401(k) plan, several American Beacon Funds and securities lending for both the AMR pension plans and the American Beacon Funds. Ms. Thatcher's professional experience includes eight years as a financial consultant and more recently, sales planning at Sabre, Inc. Ms. Thatcher has a BA in Mathematics from Indiana University and an MBA with Honors in Finance from the University of Dallas.
Brian R. Bruce   (2014-09-09)
Bruce is the CEO and Chief Investment Officer of Hillcrest and oversees all business and investment activities at the firm. Before founding Hillcrest, Brian was Chief Investment Officer in charge of equity management and research at PanAgora Asset Management. Previously, Brian was President and Chief Investment Officer of InterCoast Capital and worked at State Street Global Advisors, the Northern Trust Company and Stein Roe & Farnham.
Judd Peters   (2017-09-13)
In his role as portfolio manager, Mr. Peters plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value, Small Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the capital goods, energy and technology sectors. Prior to joining the firm, Mr. Peters was an analyst in the corporate finance department of an investment banking firm. Mr. Peters, a CFA charterholder, received his BA in Mathematics and a BS in Biochemistry from University of California, San Diego.
James S. McClure   (2003-12-31)
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.
Brandon Troegle   (2014-09-09)
Brandon Troegle is the Director of Fundamental Analysis, and focuses on the firm’s security selection. Before joining Hillcrest in 2007, Brandon was an equity analyst at Morningstar. Previously he worked for Luther King Capital Management and Bank of America. Brandon received his M.B.A. from Southern Methodist University’s Cox School of Business and his B.A. in Business Administration and History from Austin College. Brandon is a CFA charterholder.
Mario Tufano   (2010-12-31)
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.
Gene L. Needles   (2012-02-29)
Mr. Needles has served as President and Chief Executive Officer of American Beacon Advisors, Inc. since April 2009 and has served on the portfolio management team since May 2011. Prior to joining the firm, Mr. Needles was President of Touchstone Investments from 2008 to 2009, President of AIM Distributors from 2003 to 2007 and CEO of AIM Distributors from 2004 to 2007.
Ryan Thomes   (2017-09-13)
Mr. Thomes coordinates the day-to-day management of the Small Cap Diversified Value portfolio. He also provides broad analytical support, creates general market and investment strategy commentaries, and acts as a liaison between the investment and client service teams. Prior to joining the firm, Mr. Thomes was a global equity senior research associate for Jeffrey Slocum and Associates, Inc., an institutional investment consultant based in Minneapolis. At Slocum, he was responsible for directing wide-ranging equity research projects as well as conducting equity investment manager due diligence. Mr. Thomes began his investment career as a research analyst at Berthel Schutter LLC, a consulting firm where he conducted equity and fixed income investment manager due diligence. Mr. Thomes, a CFA charterholder, received his BS in Entrepreneurial Management and Finance from the University of Minnesota.
Paul B. Cavazos   (2016-12-31)
Paul B Cavazos is Chief Investment Officer and joined American Beacon Advisors and has served on the portfolio management team since 2016. Prior to joining American Beacon Advisors, Mr. Cavazos was Chief Investment Officer and Assistant Treasurer of DTE Energy from 2007 to 2016.
Colin J. Hamer   (2018-03-16)
Colin J. Hamer has served on the asset management team since January 2015 and is a CFA® Charterholder. Prior to joining the Manager, Mr. Hamer worked at Fidelity Investments in various investment-related roles from 2008 to 2014.
Mark J. Roach   (2010-07-29)
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.
James B. Miles   (1998-12-31)
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.
John P. Harloe   (2003-12-31)
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.
Henry F. Otto   (1998-12-31)
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.
Steven M. Tonkovich   (1998-12-31)
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.
David E. Green   (1998-12-31)
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.
Douglas E. Stark   (2014-09-09)
Douglas Stark, CFA. Mr. Stark is Managing Director of Hillcrest. Prior to Hillcrest, Mr. Stark was Director of Research at Martingale Asset Management and prior to that, he was Senior Vice President and Portfolio Manager at InterCoast Capital. Mr. Stark also worked at State Street Global Advisors as Vice President International Stocks and Currency Management. Mr. Stark earned his M.B.A. from Columbia University.
Joseph M. Corrado   (2004-09-30)
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.
Investment Advisor(s)
American Beacon Advisors Inc
Issuer
American Beacon
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Returns will vary and shares may be worth more or less than their original cost when sold.