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American Beacon Zebra Small Cap Equity Fund

Portfolio information as of March 31, 2023
  • 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.


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, Chairman;
    industry since 1975
  • Mark Saldutti, Portfolio Quantitative Researcher;
    industry since 1998

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

$32.5 Million  

Sub-Advisor (%)

Zebra Capital Management, LLC 100.0

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Investing in small- and micro-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. At times, certain securities may have limited marketability and may be difficult to sell. Quantitative models may not perform as expected and may result in losses for the Fund. 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 Funds and American Beacon Zebra Small Cap Equity Fund are service marks of American Beacon Advisors, Inc.