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American Beacon Stephens Small Cap Growth Fund

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

Investment Objective

The Fund seeks to provide long-term growth of capital.


Stephens Investment Management Group specializes in equity investment management, focusing on small- and mid-capitalization growth companies.

Firm inception: September 2005

Portfolio Managers:

  • Ryan E. Crane, CFA, chief investment officer; industry since 1994
  • John Thornton, CFA; industry since 2000
  • Sam Chase, CFA; industry since 2002
  • Kelly Ranucci, CFA; industry since 1994
  • John Keller, CFA; industry since 2005


The Fund’s sub-advisor believes that small-cap markets are inefficient and contain the fastest growing stocks. Their research shows that most market participants are burdened with behavioral biases that negatively influence their decision making. Their core principles are:

  • By applying behavioral finance principles to identify overconfidence and anchoring by others, the Fund seeks securities mispriced by other investors.
  • The portfolio includes a blend of core growth stocks (sustainable earnings) and earnings catalyst stocks (expected to experience an earnings boost).
  • The bottom-up selection process builds a diversified portfolio with some thematic concentration.

Total Fund Assets

$348.8 Million  

Sub-Advisor (%)

Stephens Investment Management Group, LLC 100.0

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Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in small-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. 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. Investing in Health Care sector companies involves risk due to government regulations, product litigation, competitive forces, and loss of patent protection. 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 Stephens Small Cap Growth Fund are service marks of American Beacon Advisors, Inc.