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American Beacon The London Company Income Equity Fund

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

Investment Objective

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


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; industry since 1987
  • Jonathan Moody, CFA; industry since 1990
  • Brian Campbell, CFA; industry since 2000
  • Mark DeVaul, CFA, CPA; industry since 1999
  • Sam Hutchings, CFA; industry since 2008


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

$1.5 Billion  

Sub-Advisor (%)

The London Company of Virginia, LLC 100.0

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Investing in 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. 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. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Information Technology sector companies may face intense competition and rapid product obsolescence, have limited product lines, markets, financial resources or personnel, and lose patent, copyright and trademark protections. 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 The London Company Income Equity Fund are service marks of American Beacon Advisors, Inc.