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American Beacon The London Company Income Equity Fund

Portfolio information as of March 31, 2015
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is current income, with a secondary objective of capital appreciation.

A TOTAL RETURN APPROACH TO INCOME EQUITY INVESTING

The London Company, a privately owned investment company, has nearly two decades of experience in managing a focused, conservative investment process that has produced a consistent performance record while seeking to mitigate risk in down markets.

Firm inception: 1994

Portfolio Managers:

  • Stephen Goddard, CFA, CIO, 28 years experience
  • Jonathan Moody, CFA, 25 years experience
  • Brian Campbell, CFA, 14 years experience
  • Mark DeVaul, CFA, CPA, 16 years experience

THINKING LIKE AN OWNER

The Fund tries to think like a business owner, buying companies at a discount to their private value.

  • The investment team focuses on identifying high cash return companies, which are generally better able to consistently generate free cash flow.
  • For each potential holding, the team analyzes the balance sheet using a proprietary optimization model to determine the company’s intrinsic value.

Total Fund Assets

$591.3 Million  

Sub-Advisor (%)

The London Company of Virginia, LLC 100.0

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Investing in small- and medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in dividend-paying stocks may result in less earnings growth or capital appreciation than investing in non-dividend paying stocks. The use of fixed-income securities entails interest rate and credit risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. 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 Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

American Beacon Funds and American Beacon The London Company Income Equity Fund are service marks of American Beacon Advisors, Inc.