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American Beacon Bridgeway Lg Cp Val Inv BWLIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Beacon Investment Hub

Morningstar’s Analysis BWLIX

Will BWLIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BWLIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BWLIX 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 BWLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

American Beacon Bridgeway Large Cap Value Is Under Review Owing to Upcoming Subadvisor Change

null Eric Schultz

Eric Schultz

Analyst Note

American Beacon Bridgeway Large Cap Value’s Morningstar Rating is Under Review owing to an upcoming subadvisor change, effective May 1, 2024. Outgoing subadvisor Bridgeway Capital Management has been this fund’s sole subadvisor since its 2003 inception. Despite a streak of excellent results in the wake of the global financial crisis, performance struggled mightily in recent years as the fund lagged the Russell 1000 Value Index and large-value Morningstar Category average in every calendar year since 2018. Amid the underperformance, assets dwindled from over $5 billion in 2018 to less than $300 million currently. The strategy’s new subadvisor is Numeric Investors, a Boston-based affiliate of Man Group. Numeric will use a proprietary quantitative model to select stocks for this fund, which will also get a new name: American Beacon Man Large Cap Value.

by Eric Schultz
Published on

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