American Beacon Mid-Cap Value Fund (AMCCX) is an open-end mutual fund that seeks long-term capital appreciation and current income through investments primarily in equity securities of mid-capitalization U.S. companies. The fund maintains, under normal circumstances, at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities of middle-market capitalization companies within the market capitalization range of the Russell Midcap Index at the time of purchase; it employs a value-oriented investment style, focusing on undervalued securities with potential for appreciation and dividend income. Share classes include Investor Class (AMVIX), Advisor Class (AMVSX), C Class (AMCCX), Y Class (ACMYX), and others, with an expense ratio of approximately 1.17% for the C Class; the fund is part of the American Beacon Funds family managed by American Beacon Advisors, Inc., which utilizes a sub-advisory model with firms such as LMCG Investments, LLC serving as sub-advisor for this strategy.
American Beacon Advisors, Inc., founded in 1986 and headquartered in Irving, Texas, provides investment advisory services to the fund and oversees its multi-manager approach; the firm manages approximately $61.6 billion in assets under management as of June 30, 2025, across a range of domestic and international equity, fixed income, and alternative strategies offered through mutual funds and exchange-traded funds. The Mid-Cap Value Fund targets institutional and retail investors, including defined benefit plans, endowments, and individual accounts, with operations focused on U.S. domestic equities and no significant international exposure.
Recent developments include the continued partnership expansions under American Beacon's open-architecture platform, such as the adoption of Ninety One North America, Inc.'s Emerging Markets Equity Fund in February 2025 and prior integrations of Global Franchise and International Franchise strategies in November 2024; while no specific sub-advisor changes were announced for the Mid-Cap Value Fund in the last 1-2 years, related funds like the Small Cap Value Fund transitioned sub-advisors to Westwood Management Corp. effective March 2025. The fund's inception dates vary by share class, with Y Class launched around March 2010 and others tracing back to 2006; American Beacon Advisors itself stems from a 2015 acquisition by Kelso & Company and Estancia Capital Management, supporting ongoing product innovations like the introduction of CPII as an alternative income solution. These strategic alliances and fund family enhancements reflect the firm's focus on diversifying offerings for mid-cap value and broader asset classes.