Investment Objective
The Fund's investment objective is long-term capital appreciation.
DISCOVERING PATHWAYS TO VALUE
Continuous Capital, LLC specializes in value-equity strategies for international and emerging markets. The firm pursues alpha through security selection rather than country or sector allocation. Accordingly, the firm seeks to diversify the Fund across countries, sectors, industries and companies. Continuous Capital’s well-defined and repeatable investment process is designed to produce a consistent return profile and focuses time and attention on investment opportunities at the intersection of Value + Quality + Dividends. Continuous Capital was launched as an affiliate of Resolute Investment Managers in April 2018.
Firm inception: 2018
Portfolio manager:
- Morley Campbell, CFA, president and chief investment officer; industry since 2003
INVESTMENT PHILOSOPHY
Continuous Capital’s investment philosophy is grounded in academic research and based upon four key beliefs:
- Value + Quality Outperforms: Academic research indicates that high quality companies have historically outperformed if purchased at the right price.
- Dividends Dampen Volatility: Dividends and share repurchases help dampen volatility and provide downside protection.
- Security Analysis Adds Alpha: Data-driven security analysis helps identify companies in which desirable characteristics and factors are likely to persist.
- Diversification Reduces Risk: Diversification across multiple dimensions – countries, sectors, industries, companies – helps minimize uncompensated risks to potentially achieve more consistent results for investors.
These principles work together toward the desired goal of creating a top-performing portfolio of high-quality companies with consistent value and income characteristics.
Total Fund Assets
$5.1 Million
Sub-Advisor (%)
| Continuous Capital, LLC |
100% |
FUND overview flyer*
At the Intersection of
Value + Quality + Dividends
sub-advisor video
Morley Campbell,
Continuous Capital, LLC
[1:56]
*For investment professional use only. Login required.
TOP 10 COUNTRY WEIGHTINGS (%)
| Hong Kong/China |
31.4
|
| Taiwan |
12.7
|
| South Korea |
10.7
|
| India |
9.1
|
| Brazil |
6.7
|
| South Africa |
5.8
|
| Russia |
4.8
|
| Indonesia |
4.1
|
| Thailand |
2.8
|
| Malaysia |
2.7
|
Excludes cash and broad market ETFs.
Portfolio Statistics
| Forward Price-to-Earnings Ratio (P/E) | 9.60 |
| Price-to-Book Ratio (P/B) | 1.70 |
| 1-Year ROE | 18.20 |
| Weighted Avg. Market Cap ($ bil) | 30.20 |
Top 10 Holdings (%)
| iShares MSCI India ETF |
5.8
|
| Simplo Technology co., Ltd. |
0.8
|
| CITIC Telecom International Holdings Ltd. |
0.8
|
| Longfor Group Holdings Ltd. |
0.8
|
| China Lesso Group Holdings Ltd. |
0.7
|
| Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. |
0.7
|
| Sinbon Electronics Co., Ltd. |
0.7
|
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. |
0.7
|
| TCI Co., Ltd. |
0.7
|
| Techtronic Industries Co., Ltd. |
0.7
|
| Total Fund Holdings |
140
|
SECTOR WEIGHTINGS (%)
| Financials |
26.3
|
| Information Technology |
15.4
|
| Consumer Discretionary |
10.8
|
| Industrials |
10.3
|
| Communication Services |
10.1
|
| Consumer Staples |
6.3
|
| Health Care |
6.1
|
| Materials |
5.2
|
| Energy |
4.3
|
| Utilities |
3.7
|
| Real Estate |
1.5
|
Excludes cash.
The P/E Ratio of a stock is calculated by dividing the current price by forecasted 12-month earnings
per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per
share. Return on Equity (ROE) is net income divided by net worth.
American Beacon Funds and American Beacon Continuous Capital Emerging Markets Fund
are service marks of American Beacon Advisors, Inc.