American Beacon Alpha Quant Value Fund
Data updated: 2020-05-29
C000176915 — American Beacon Alpha Quant Value Fund. Money Market · $1.78M AUM · 0.69% expense ratio. Holdings, fees, performance and SEC filings.
C000176915 Fund Overview
American Beacon Alpha Quant Value Fund is a US mutual fund managed by American Beacon Funds, categorised as Money Market. 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: Money Market
- Assets under management: $1.78M
- SEC CIK: 0000809593
- SEC series ID: S000056176
- Share class ID: C000176915
C000176915 Investment Objective and Strategy
American Beacon Alpha Quant Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Beacon Funds.
Investment objective
The Fund's investment objective is long-term capital appreciation.
Principal investment strategy
"The Fund seeks to achieve its investment objective by implementing a quantitative approach to investing in U.S. large and mid-cap stocks. The Fund is managed pursuant to the proprietary fundamentally-based, systematic process of Alpha Quant Advisors, LLC (""Alpha Quant""), the Fund's sub-advisor. On a quarterly basis, this process involves the evaluation of each portfolio holding for relative attractiveness based on Alpha Quant's criteria, including free cash flow yield, debt leverage, valuation and changes in earnings prospects. If a portfolio holding no longer meets Alpha Quant's criteria, it is sold and the proceeds reinvested in a new holding. This is done to maintain a portfolio of stocks most reflective of the fundamental characteristics targeted by Alpha Quant, which may vary based on market conditions.
The Fund typically holds a focused portfolio of approximately 30 stocks. Alpha Quant employs a proprietary methodology to select the stocks of U.S. large and mid-cap value companies for the Fund. Alpha Quant defines value companies as large and mid-sized companies that display high levels of excess cash generated by their businesses, low debt, and are relatively under-priced as compared to the broader U.S. equity market. To mitigate the risk of investing in ""value traps,"" which are stocks that appear to be undervalued, but are in distress or face other business challenges and continue to stay inexpensive or decline further, Alpha Quant applies stringent criteria to select investments, including the amount of a company's debt and its ability to generate cash in excess of operating expenses.
Securities are purchased and sold based on Alpha Quant's expectations regarding a company's valuation and business momentum as measured by changes in revenue, profitability, and earnings growth. Stocks with improving fundamentals may be retained in the Fund's portfolio even after valuations have improved significantly. The Fund may have significant exposure to the Information Technology and Health Care sectors. However, as the sector composition of the Fund's portfolio changes over time, the Fund's exposure to the Information Technology and Health Care sectors may be lower at a future date, and the Fund's exposure to other market sectors may be higher. The Fund invests in U.S. common stocks. The Fund may also invest cash balances in other investment companies, including money market funds, and may purchase and sell futures contracts on stock indices to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs.
The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions on a short-term or long-term basis."
C000176915 Costs and Fees
C000176915 costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 3.04%
- Portfolio turnover: 90%
- Brokerage commissions: 7.23 bps of average net assets (SEC N-CEN)
C000176915 Cashflows
Over the 12 months to 2020-03, American Beacon Alpha Quant Value Fund had net outflows of $2.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$179.84K |
| 2020-02 | −$73.57K |
| 2020-01 | −$1.49M |
| 2019-12 | $34.71K |
| 2019-11 | $8.85K |
| 2019-10 | −$173.36K |
C000176915 Debt Constituents
No individual debt constituents are reported in American Beacon Alpha Quant Value Fund's latest SEC N-PORT filing.
C000176915 Prospectus and SEC Filings
Official American Beacon Alpha Quant Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-11-06
- Prospectus (485BPOS) — filed 2018-11-02
- Prospectus supplement (497) — filed 2019-03-26
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Portfolio holdings (N-PORT) — filed 2020-02-05
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2019-09-13
- Annual census, amended (N-CEN/A) — filed 2019-11-04
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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.