GBSPX — American Beacon Bahl & Gaynor Small Cap Growth Fund
Data updated: 2022-11-23
GBSPX — American Beacon Bahl & Gaynor Small Cap Growth Fund. Money Market · $23.81M AUM · 1.36% expense ratio. Holdings, fees, performance and SEC filings.
GBSPX Fund Overview
GBSPX — American Beacon Bahl & Gaynor Small Cap Growth 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: $23.81M
- 1-year return: -18.0%
- Ticker: GBSPX
- SEC CIK: 0000809593
- SEC series ID: S000046098
- Share class ID: C000144224
GBSPX Investment Objective and Strategy
American Beacon Bahl & Gaynor Small Cap Growth 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
"Under normal circumstances, at least 80% of the Fund's net assets (plus the amount of any borrowings for investment purposes) are invested in securities of small capitalization companies. The Fund considers a company to be a small capitalization company if it has a market capitalization, at the time of investment, within the range of the market capitalizations of the companies in the Russell 2000 Index. The capitalization range of that index is subject to change over time due to market activity or changes in the composition of the index. As of December 31, 2017, the market capitalizations of the companies in the Russell 2000 Index ranged from $22.5 million to $9.3 billion. The Fund's investment sub-advisor, Bahl & Gaynor Inc., d/b/a Bahl & Gaynor Investment Counsel (""Bahl & Gaynor"") pursues its small cap growth strategy by focusing on high-quality dividend-paying stocks.
Quantitative tools are initially used for screening purposes, but Bahl & Gaynor's investment process is primarily driven by fundamental, bottom-up, company-focused processes. The investment process begins by quantitatively screening the stock universe to identify companies with perceived competitive advantages by evaluating their historical revenue growth, earnings growth, long-term debt/capital, dividend history and cash flows. Bahl & Gaynor conducts extensive fundamental research on potential portfolio companies to determine which stock(s) provide the best risk/reward opportunities for inclusion in the portfolio. Bahl & Gaynor typically will sell an investment if the company's fundamentals have changed or the company's market capitalization (stock market worth) moves outside of the small cap range.
Although the Fund seeks investments across a number of sectors, from time to time, based on portfolio positioning to reflect its benchmark index, the Fund may have significant positions in particular sectors. The Fund may have significant exposure to the Information Technology sector. However, as the sector composition of the Fund's portfolio changes over time, the Fund's exposure to the Information Technology sector may be lower at a future date, and the Fund's exposure to other market sectors may be higher. The Fund's equity investments may include common stocks, depositary receipts, and real estate investments trusts (""REITs""). The Fund may invest cash balances in other investment companies, including money market funds and may purchase and sell futures contracts to gain market exposure on cash balances in anticipation of liquidity needs.
The Fund may lend its securities to broker-dealers and other institutions to earn additional income."
GBSPX Performance
Total returns for GBSPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -18.0% |
| 3 years (annualised) | 1.3% |
GBSPX Risk Information
Risk metrics for GBSPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.1%
GBSPX Costs and Fees
GBSPX costs about $136 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.36%
- Gross expense ratio: 1.77%
- Portfolio turnover: 28%
- Brokerage commissions: 3.82 bps of average net assets (SEC N-CEN)
GBSPX Cashflows
Over the 12 months to 2022-09, American Beacon Bahl & Gaynor Small Cap Growth Fund had net outflows of $10.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | −$8.67M |
| 2022-08 | −$1.17M |
| 2022-07 | −$565.37K |
| 2022-06 | −$622.85K |
| 2022-05 | −$865.61K |
| 2022-04 | −$36.22K |
GBSPX Debt Constituents
No individual debt constituents are reported in American Beacon Bahl & Gaynor Small Cap Growth Fund's latest SEC N-PORT filing.
GBSPX Prospectus and SEC Filings
Official American Beacon Bahl & Gaynor Small Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-11
- Portfolio holdings (N-PORT) — filed 2022-11-23
- Portfolio holdings (N-PORT) — filed 2022-08-08
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Annual census (N-CEN) — filed 2022-03-15
- Annual census (N-CEN) — filed 2021-03-09
Related Funds
Other Money Market 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.