ADNCX — American Beacon ARK Transformational Innovation Fund, C Class
Data updated: 2026-09-28
ADNCX — American Beacon ARK Transformational Innovation Fund, C Class. 2.16% expense ratio. Holdings, fees, performance and SEC filings.
ADNCX Fund Overview
ADNCX — American Beacon ARK Transformational Innovation Fund, C Class is a US mutual fund managed by American Beacon Funds, categorised as United States Multi-Cap / All-Cap Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Beacon Funds
- Category: United States Multi-Cap / All-Cap Growth Thematic Equity
- Assets under management: $160.02M
- 1-year return: 15.7%
- Ticker: ADNCX
- SEC CIK: 0000809593
- SEC series ID: S000056147
- Share class ID: C000210491
ADNCX Investment Objective and Strategy
American Beacon ARK Transformational Innovation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Beacon Funds.
Investment objective
The Fund seeks long-term growth of capital.
Principal investment strategy
"The Fund seeks to achieve long-term growth of capital by investing primarily in domestic and foreign equity securities of transformational innovation companies. The sub-advisor defines transformational innovation companies as those with divisions that primarily focus on developing or benefitting from new products, services, technologies or advancements that disrupt, or are expected to disrupt, existing markets or processes. The types of transformational innovation companies that the Fund expects to invest in are those companies primarily engaged in research, including research relating to: (i) genomics (""Genomic Revolution Research""), (ii) industrial innovation (""Industrial Innovation Research""), (iii) shared technology and the internet (""Next Generation Internet Research""), or (iv) financial services (""FinTech Innovation Research""), among others.
The sub-advisor uses internally-generated and externally-sourced research and analysis to assemble a diverse array of information from which to identify transformational innovation companies. Genomic Revolution Research. The sub-advisor defines Genomic Revolution Research as research that focuses on extending and enhancing the quality of human, and other, life. This research incorporates technological and scientific developments, improvements and advancements in genomics (the study of genes, DNA and their functions, and related analytical techniques), bionics and products or services that improve and enhance life and fundamentally change existing industries. Genomic Sequencing refers to the techniques that allow researchers to read and decipher the genetic information found in DNA. Genomic Revolution Research may be classified in multiple sectors including health care, information technology, materials, energy and consumer discretionary.
Industrial Innovation Research. The sub-advisor defines Industrial Innovation Research as research that focuses on technological improvements and advancements in the industrial sectors, including energy, manufacturing, and transportation. For example, energy transformation companies may seek to develop innovations in areas of energy location, development, storage or usage. Transportation companies may seek to develop innovation in the areas of mobility, such as drones and self-driving cars. Manufacturing innovators may seek applications for robotics, 3D printing, and similar productivity-enhancing technologies. Next Generation Internet Research. The sub-advisor defines Next Generation Internet Research as research that focuses on developments in the global technology infrastructure, including hardware, software and the shift to mobile devices.
This research may incorporate shared technology, such as shared data storage and processing, computer network applications and internet security. Applications could include, those that link homes, automobiles and workplaces to mobile devices or other convenient media. FinTech Innovation Research. The sub-advisor defines FinTech Innovation Research as that research that focuses on innovations in the financial sector including payment technologies, lending methods, currencies and business analytics. Technology-enabled enhancements in financial services may also interact with a variety of other innovation themes as the concepts of finance apply across industries and transactions. The sub-advisor's process for identifying investments uses both ''top down'' (macro-economic and business cycle analysis) and ''bottom up'' (valuation, fundamental and quantitative measures) approaches to identify investment opportunities.
Under normal circumstances, substantially all of the Fund's assets are invested in a portfolio of equity securities including common stocks and other equity investments or ownership interests in business enterprises that are relevant to the Fund's investment theme of transformational innovation. The Fund's investments include issuers of all capitalizations. The Fund's investments in foreign equity securities are in both developed and emerging markets. The Fund invests in American Depositary Receipts (''ADRs'') and securities sold on foreign exchanges and securities denominated in foreign currencies when purchasing foreign equities. The Fund may engage in foreign currency transactions either on a spot (cash) basis at the rate prevailing in the currency exchange market or through forward currency contracts (""forwards"").
The Fund also may use foreign currency forward contracts to hedge exposure to foreign currency or to shift exposure from one currency to another. The Fund may have significant exposure to the Health Care and Information Technology sectors. However, as the sector composition of the Fund's portfolio changes over time, the Fund's exposure to these sectors may be lower at a future date, and the Fund's exposure to other market sectors may be higher. The sub-advisor may sell a security if it believes that a company has become disrupted or is no longer on the leading edge of fast-moving industries or innovation. The sub-advisor may also sell positions to (i) take advantage of opportunities created by short-term market actions or market sentiment, (ii) provide liquidity to invest in companies that the sub-advisor has relatively more confidence in, or (iii) invest in companies that the sub-advisor believes offer more market opportunity relative to their current price.
The Fund at times may invest in shares of other investment companies, including money market funds and exchange-traded funds (""ETFs""), and may lend its securities to broker-dealers and other institutions to earn additional income. The Fund may invest in securities of investment companies advised by the Manager. In pursuing its investment strategies, the Fund typically engages in active trading strategies that result in high portfolio turnover. The Fund is non-diversified, which means that it may invest a high percentage of its assets in a limited number of issuers. The Fund is the sole shareholder of a wholly owned subsidiary that is organized under the laws of the Cayman Islands (the ""Subsidiary""). The Subsidiary was established to enable the Fund to seek exposure to certain investments that may not produce qualifying income for the Fund under the Internal Revenue Code of 1986, as amended.
The Subsidary has not engaged in any investment activity and is not expected to do so in the future. The Subsidiary is anticipated to terminate in the near future."
ADNCX Holdings
Top 10 holdings of American Beacon ARK Transformational Innovation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tesla Inc | 10.24% |
| American Beacon U.S. Government Money Market | 9.03% |
| Tempus AI Inc | 6.52% |
| Robinhood Markets Inc | 5.86% |
| Advanced Micro Devices Inc | 4.99% |
| CRISPR Therapeutics AG | 4.87% |
| Space Exploration Technologies Corp | 4.57% |
| Shopify Inc | 4.20% |
| Twist Bioscience Corp | 3.95% |
| Coinbase Global Inc | 3.89% |
ADNCX Portfolio Allocation
Asset-class allocation of American Beacon ARK Transformational Innovation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.7% |
| Cash & Equivalents | 9.0% |
ADNCX Performance
Total returns for ADNCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.08% |
| 1 year | 15.73% |
| 3 years (annualised) | 21.96% |
| 5 years (annualised) | -8.85% |
ADNCX Risk Information
Risk metrics for ADNCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.08%
ADNCX Costs and Fees
ADNCX costs about $216 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.16%
- Gross expense ratio: 2.38%
- Portfolio turnover: 46%
- Brokerage commissions: 3.47 bps of average net assets (SEC N-CEN)
ADNCX Cashflows
Over the 12 months to 2026-06, American Beacon ARK Transformational Innovation Fund had net outflows of $73.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$14.23M |
| 2026-05 | −$9.11M |
| 2026-04 | −$4.76M |
| 2026-03 | −$4.18M |
| 2026-02 | −$4.64M |
| 2026-01 | −$8.68M |
ADNCX Debt Constituents
No individual debt constituents are reported in American Beacon ARK Transformational Innovation Fund's latest SEC N-PORT filing.
ADNCX Prospectus and SEC Filings
Official American Beacon ARK Transformational Innovation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-28
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2026-03-12
- Portfolio holdings (N-PORT) — filed 2026-08-11
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-18
- Annual census (N-CEN) — filed 2026-09-09
- Annual census (N-CEN) — filed 2025-09-12
Related Funds
Other United States Multi-Cap / All-Cap Growth Thematic Equity funds tracked on ABC INVEST:
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, annual data from Form N-CEN, and shareholder reports from Form N-CSR.