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.
American Beacon Bridgeway Lg Cp Val Inv BWLIX
- NAV / 1-Day Return 24.96 / +0.48 %
- Total Assets 288.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.130%
- Distribution Fee Level High
- Share Class Type No Load
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 1.59%
- Turnover 54%
USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0
Morningstar’s Analysis BWLIX
Will BWLIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Charles River Laboratories International Inc | 2.43 | 7.3 Mil | Healthcare |
Vertiv Holdings Co Class A | 2.36 | 7.1 Mil | Industrials |
Synchrony Financial | 2.29 | 6.8 Mil | Financial Services |
Applied Materials Inc | 2.26 | 6.8 Mil | Technology |
Cleveland-Cliffs Inc | 2.24 | 6.7 Mil | Basic Materials |
Builders FirstSource Inc | 2.21 | 6.6 Mil | Industrials |
Berkshire Hathaway Inc Class B | 2.18 | 6.5 Mil | Financial Services |
Walmart Inc | 2.14 | 6.4 Mil | Consumer Defensive |
Steel Dynamics Inc | 2.09 | 6.3 Mil | Basic Materials |
Amgen Inc | 2.09 | 6.3 Mil | Healthcare |