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American Beacon Zebra Small Cap Equity Fund

Portfolio information as of September 30, 2014
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is long-term capital appreciation. The Fund seeks its objective by investing primarily in equity securities of small market capitalization companies.

ECONOMIC INTELLIGENCE

Zebra Capital Management, the Fund's sub-advisor, is a privately owned investment company founded by Yale University professor and pioneering investment researcher Roger Ibbotson, which pursues investment strategies based on systematically exploiting market characteristics supported by basic economic principles.

Firm inception: 2001

Portfolio Managers:

  • Roger Ibbotson, chief investment officer, 39 years experience
  • Eric Stokes, portfolio manager, 22 years experience

the benefits of unpopular stocks

The Fund’s manager seeks out less popular stocks among small-capitalization equities, taking positions in companies that have strong fundamentals but do not trade as frequently as similar issues.

  • Less popular stocks can often capture a “liquidity premium,” defined as the additional return that may be realized on the sales of securities that are less liquid at the time of purchase.
  • The manager’s research shows that highly traded, more liquid stocks tend to be priced at a premium, while less popular and less liquid stocks are priced at a discount, thus having higher expected appreciation.
  • These issues may be fundamentally sound stocks that are less frequently traded because they have temporarily fallen out of favor.

Total Fund Assets

$18.0 Million  

Sub-Advisor (%)

Zebra Capital Management, LLC 100.0

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The Fund may invest in futures contracts, which are a type of derivative investment. Investing in derivatives could result in losing more than the amount invested. Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards. The Fund invests in small and/or mid-sized companies, which involves additional risks such as limited liquidity and greater volatility than larger companies. At times, certain securities may have limited marketability and may be difficult to sell. The Fund may participate in a securities lending program. 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 Zebra Small Cap Equity Fund are service marks of American Beacon Advisors, Inc.