Back arrow Back to the list of all funds

American Beacon Large Cap Value Fund

Portfolio information as of March 31, 2024
  • Summary
  • Performance
  • Overview

Investment Objective

A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in large market capitalization U.S. stocks.


The Fund is sub-advised by complementary asset managers that select stocks as follows:

  • Barrow: Bottom-up analysis, with P/E and P/B ratios below the market and dividend yield above the market.
  • H&W: Sustainable cash flows and strong balance sheets, undervalued relative to tangible assets and long-term normal earnings power.
  • MFS: Undervalued, high-quality companies with sustainable, durable franchises, significant free cash flow and strong management teams.


  • The multi-manager approach brings diversification to the Fund and helps protect it from single-manager risk.
  • The Fund’s bottom-up portfolio construction is well diversified at the security, industry and stock levels.
  • The Fund’s assets may also include preferred stocks, convertible securities, American Depositary Receipts and foreign stocks traded on U.S. exchanges.
  • As larger-cap companies return to their historical valuations, the Fund is well positioned to take advantage of this.

Total Fund Assets

$3.6 Billion  

Sub-Advisors (%)

Hotchkis and Wiley Capital Management, LLC 33.8
Barrow, Hanley, Mewhinney & Strauss, LLC 33.2
Massachusetts Financial Services Company 33.0

Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Financial sector companies are heavily regulated and particularly sensitive to interest rate fluctuations. The Fund’s incorporation of environmental, social and/or governance (ESG) considerations in its investment strategy may cause it to underperform funds that do not incorporate these considerations. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund participates 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 is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Large Cap Value Fund are service marks of American Beacon Advisors, Inc.