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American Beacon The London Co Inc Eq A Overview

American Beacon The London Co Inc Eq A (ABCAX) is an actively managed U.S. Equity Large Value fund. American Beacon launched the fund in 2012.

The investment seeks current income, with a secondary objective of capital appreciation. Under normal market circumstances, at least 80% of the fund’s net assets, plus the amount of any borrowings for investment purposes, are invested in income-producing equity and equity-related investments. The fund’s investments in equity and equity-related investments include U.S. common stocks, American Depositary Receipts (“ADRs”), U.S. dollar-denominated foreign stocks traded on U.S. exchanges, preferred stocks, and real estate investment trusts (“REITs”). It may invest in large- and mid-capitalization companies and will typically hold 30 to 40 issuers.

About American Beacon The London Co Inc Eq A (ABCAX)

There are 4 members of the management team with an average tenure of 12.03 years: J. Brian Campbell (2012), Mark DeVaul (2012), Sam Hutchings (2020), Stephen Goddard (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. American Beacon The London Co Inc Eq A has 33 securities in its portfolio. The top 10 holdings constitute 47.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Beacon The London Co Inc Eq A is part of the Equity global asset class and is within the U.S. Equity fund group. American Beacon The London Co Inc Eq A has 7.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.0%. There is 7.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Beacon The London Co Inc Eq A has 1.8% of the portfolio in cash.

Assets Under Management

The fund has $152 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ABCAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon The London Co Inc Eq A expense ratio is high compared to funds in the Large Value category. American Beacon The London Co Inc Eq A has an expense ratio of 1.08%, which is 17% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon The London Co Inc Eq A has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, American Beacon The London Co Inc Eq A returned -1.0%, which earned it a grade of F, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Beacon The London Co Inc Eq A has a trailing yield of 1.10%, which is below the 1.20% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Beacon The London Co Inc Eq A Grades

Year to date, the fund has returned 15.3%, 1.0 percentage points better than the category, which translates into a grade of C. The fund has returned 18.5% over the past year (grade of D), 13.3% over the past three years (grade of F) and 8.0% per year over the past five years (grade of F) and 10.1% per year over the past 10 years (grade of F).

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