ABECX — American Beacon The London Company Income Equity Fund, C Class
Data updated: 2026-11-12
ABECX — American Beacon The London Company Income Equity Fund, C Class. 1.85% expense ratio. Holdings, fees, performance and SEC filings.
ABECX Fund Overview
ABECX — American Beacon The London Company Income Equity Fund, C Class is a US mutual fund managed by American Beacon Advisors, Inc., categorised as US Large Value. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Adviser: American Beacon Advisors, Inc.
- Sub-adviser: The London Company of Virginia, LLC
- Trust: American Beacon Funds
- Category: US Large Value
- Minimum investment: $1,000
- Additional investment: $50
- Inception date: May 29, 2012
- Assets under management: $1.12B
- 1-year return: 15.2%
- Ticker: ABECX
- SEC CIK: 0000809593
- SEC series ID: S000037191
- Share class ID: C000114556
- FIGI: BBG002YSCYY1
- LEI: 549300POLGA2XPGZPT36
About ABECX
American Beacon The London Company Income Equity Fund (ABECX) seeks current income, with capital appreciation as a secondary objective. Under normal conditions, it invests at least 80% of its net assets in equity and equity-related securities, such as common and preferred stocks, ADRs, REITs and income trusts, typically holding 30 to 40 issuers of any market capitalization. Its C Class shares, launched May 29, 2012, cost 1.85% a year and returned 15.2% in the 12 months to August 31, 2026, based on monthly returns reported to the SEC on Form N-PORT, with 11.7% volatility. They carry a maximum 1.00% deferred sales charge.
ABECX Holdings
Top 10 holdings of American Beacon The London Company Income Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc | 5.62% |
| Norfolk Southern Corp | 5.09% |
| Corning Inc | 4.65% |
| Dominion Energy Inc | 4.44% |
| Philip Morris International Inc | 4.32% |
| Johnson & Johnson | 4.16% |
| Berkshire Hathaway Inc | 4.10% |
| Blackrock Inc | 4.06% |
| Texas Instruments Inc | 3.89% |
| Chevron Corp | 3.87% |
ABECX Portfolio Allocation
Asset-class allocation of American Beacon The London Company Income Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.3% |
| Cash & Equivalents | 3.4% |
ABECX Performance
Total returns for ABECX through August 2026, from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.12% |
| 1 year | 15.17% |
| 3 years (annualised) | 14.08% |
| 5 years (annualised) | 7.08% |
ABECX Risk Information
Risk metrics for ABECX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.68%
ABECX Costs and Fees
ABECX costs about $185 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.85%
- Gross expense ratio: 1.85%
- Portfolio turnover: 10%
- Brokerage commissions: 1.15 bps of average net assets (SEC N-CEN)
ABECX Cashflows
Over the 12 months to 2026-08, American Beacon The London Company Income Equity Fund had net outflows of $49.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-08 | −$11.42M |
| 2026-07 | −$10.87M |
| 2026-06 | −$8.20M |
| 2026-05 | −$17.54M |
| 2026-04 | −$16.29M |
| 2026-03 | −$21.80M |
ABECX Debt Constituents
No individual debt constituents are reported in American Beacon The London Company Income Equity Fund's latest SEC N-PORT filing.
ABECX Prospectus and SEC Filings
Official American Beacon The London Company Income Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-23
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-10-15
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-21
- Annual census (N-CEN) — filed 2026-11-12
- Annual census (N-CEN) — filed 2025-11-13
ABECX Service Providers
Firms that manage, distribute, hold, administer and audit American Beacon The London Company Income Equity Fund, as reported on SEC Form N-CEN, fiscal year ending August 31, 2025.
- Adviser: American Beacon Advisors, Inc.
- Sub-adviser: The London Company of Virginia, LLC
- Distributor: Resolute Investment Distributors, Inc.
- Custodian: State Street Bank and Trust Company
- Transfer agent: SS&C GIDS, Inc.
- Administrator: American Beacon Advisors, Inc.
- Auditor: PricewaterhouseCoopers LLP
- Securities lending agent: State Street Bank and Trust Company
Related Funds
Other US Large Value funds tracked on ABC INVEST:
ABECX: Frequently Asked Questions
What is the expense ratio of American Beacon The London Company Income Equity Fund (ABECX)?
ABECX has a net expense ratio of 1.85%, about $185 a year for every $10,000 invested. ABECX fees and costs
Does ABECX charge a sales load?
ABECX has no front-end load, but a deferred sales charge of up to 1.00% may apply when shares are sold.
What is the minimum investment for ABECX?
The minimum initial investment in ABECX is $1,000, and additional purchases must be at least $50. Source: the fund's summary prospectus (December 2025).
What are ABECX's top holdings?
As of August 31, 2026, ABECX held 32 positions. The largest are Apple Inc (5.62%), Norfolk Southern Corp (5.09%), Corning Inc (4.65%), Dominion Energy Inc (4.44%) and Philip Morris International Inc (4.32%). All ABECX holdings
Can I download the full list of ABECX holdings?
Yes. The complete ABECX holdings list as of August 31, 2026 can be downloaded as a CSV file from the Holdings page: holding, ticker, FIGI, sector, country, asset type, shares, value and share of net assets, from the fund's SEC N-PORT filing. Download ABECX holdings (CSV)
How has American Beacon The London Company Income Equity Fund performed?
ABECX returned +15.2% over the 12 months to August 2026, +14.1% a year over 3 years and +7.1% a year over 5 years. ABECX performance and risk
How large is ABECX?
ABECX manages $1.12B (SEC N-PORT, August 2026). Investors withdrew a net $49.42M over the past 12 months.
Who manages ABECX and when did it launch?
ABECX is managed by American Beacon Advisors, Inc., with The London Company of Virginia, LLC as sub-adviser. It is a series of American Beacon Funds. It launched on May 29, 2012.
How does ABECX compare with similar US Large Value funds?
Among 273 US Large Value funds with $100M+ in assets, ABECX ranks #273 of 273 on net expense ratio (1.85%) and #136 of 273 by assets. The largest is Vanguard Value Index Fund (VTV). Compare ABECX with VTV
Where can I find ABECX's prospectus and SEC filings?
ABECX's latest prospectus (485BPOS) was filed December 29, 2025 and its latest N-PORT holdings report was filed October 15, 2026. All 57 filings are linked on ABC INVEST and on SEC EDGAR (series S000037191). ABECX SEC filings
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, and annual data from Form N-CEN.
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.