The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AVPAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AVPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AVPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
No standout.
Eric Schultz
Analyst
Summary
Personnel changes among American Beacon Small Cap Value’s subadvisors and an indistinct approach merit Average People and Process ratings.