We are pleased to provide our clients with an opportunity to access the growth perspective of Bridgeway’s investment approach.
Irving, TX (PRWEB) February 08, 2016
American Beacon Advisors, Inc. (“American Beacon”), an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon Bridgeway Large Cap Growth Fund (Institutional Class: BRLGX, A Class: BLYAX) today. The Fund became effective February 5.
The large-cap growth strategy utilized by the Fund was first launched by Bridgeway Capital Management, Inc. (“Bridgeway”) on October 31, 2003, and seeks to provide long-term total return of capital, primarily through capital appreciation. As of January 31, 2016, the Fund held a four-star overall rating from Morningstar® based on risk-adjusted returns among 1,546 funds in the U.S.-domiciled Large Growth category. The Fund had $151 million in net assets as of January 31, 2016.
“This new fund continues our recent efforts to further diversify our product line beyond the value-oriented products that have been the foundation of the company,” Gene L. Needles, Jr., President and Chief Executive Officer of American Beacon said. “We are pleased to provide our clients with an opportunity to access the growth perspective of Bridgeway’s investment approach.”
The Fund is the second mutual fund reorganized into the American Beacon Funds family from Bridgeway. American Beacon previously launched the American Beacon Bridgeway Large Cap Value Fund (Institutional Class: BRLVX; A Class: BWLAX) in February 2012.
“Expanding our partnership with American Beacon allows us to remain focused on our disciplined investment approach and serve more investors,” John Montgomery, Founder and Chief Investment Officer of Bridgeway, which remains the Fund’s sole sub-advisor, said. "We are pleased to meet the high standards that American Beacon demands for its clients. By strictly adhering to evidence-based stock selection and multi-factor diversification, we believe we can serve investors’ interests well for the long term.”
About American Beacon Advisors
Established in 1986, American Beacon is an experienced provider of investment advisory services to institutional and retail markets. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management.
American Beacon manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a “manager of managers” investment style and currently include international and domestic equity, fixed-income and money market funds. As of December 31, 2015, American Beacon Advisors had $48.1 billion in assets under management. For more information, go to http://www.americanbeaconfunds.com or follow on Twitter via @AmBeacon.
About Bridgeway Capital Management
Bridgeway Capital Management, offers expertly designed investment strategies, mutual funds, and sub-advisory services to select institutions and advisors. Statistically driven and grounded in academic theory, Bridgeway’s disciplined investment process reflects a passion for logic, data and evidence. Putting investors’ interests first is a hallmark of the firm’s unique culture and core business values of integrity, performance, efficiency, and service. Committed to community impact, Bridgeway donates 50% of its investment advisory fee profits to non-profit organizations.
You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, please contact your financial advisor, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.
All investing involves risk, including the possible loss of principal. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. While the Fund is managed pursuant to a tax management strategy, the Fund’s investments could create capital gains. The use of futures contracts for cash management may subject the Fund to losing more money than invested.
Please see the prospectus for a complete discussion of the Funds’ risks. There can be no assurances that the investment objectives of the American Beacon Bridgeway Large Cap Value Fund or American Beacon Bridgeway Large Cap Growth Fund will be met.
For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within the scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of performance figures associated with its three, five-, and ten-year (if applicable) Morningstar Rating metrics.
In the U.S.-domiciled Large Growth category, the American Beacon Bridgeway Large Cap Growth Fund was rated against the following number of U.S. domiciled large-cap growth funds over the following time periods: 1,546 funds over the last three years, 1,325 funds over the last five years and 936 funds over the last 10 years. With respect to these large-cap growth funds, the American Beacon Bridgeway Large Cap Growth Fund received a Morningstar Rating of five stars, four stars and three stars for the three-, five- and 10-year periods respectively.
©2016 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Distributed by Foreside Fund Services, LLC.
American Beacon is a registered service mark of American Beacon Advisors, Inc.
American Beacon Funds, American Beacon Bridgeway Large Cap Growth Fund and American Beacon Bridgeway Large Cap Value Fund are service marks of American Beacon Advisors, Inc.