- Sector
- Financial Services
- Industry
- Asset Management
- Address
- American Beacon Advisors MA United States of America
- IPO Date
- Feb 6, 2012
- Business
- American Beacon Man Large Cap Value Fund (BWLAX) is a mutual fund that seeks long-term total return on capital, primarily through capital appreciation and some income, by investing in large-cap value stocks with attractive valuations, positive long-term growth characteristics, sustainable competitive advantages, relatively benign competitive environments, and favorable industry dynamics. The Fund employs a proprietary model-driven quantitative approach managed by sub-advisor Numeric Investors LLC, a wholly owned indirect subsidiary of Man Group plc, selecting securities generally represented in the Russell 1000 Value Index plus similar large capitalization value stocks; it may also invest in stocks exhibiting growth characteristics, mid-capitalization companies, cash equivalents via a government money market fund, equity index futures contracts for market exposure or liquidity management, and participates in securities lending for additional income. Sector allocations as of June 30, 2025, include financials (29.9%), health care (22.6%), information technology (16.2%), and industrials (12.2%), with top holdings such as RTX Corp. (3.5%), Cisco Systems Inc. (3.4%), and Synchrony Financial (3.2%); the Fund targets domestic equities (96.54% long positions), with a weighted average market cap of $126.52 billion, forward P/E ratio of 13.81, and P/B ratio of 2.57.
The A Class shares (ticker: BWLAX; CUSIP: 024524159) feature a gross/net expense ratio of 1.21%, with inception on February 3, 2012 (prior class inception October 31, 2003), total fund assets of $228.4 million and share class assets of $25.3 million as of August 31, 2025, and a NAV of $25.14 as of September 10, 2025. The Fund is part of American Beacon Funds, an open-architecture platform distributed by Resolute Investment Distributors, Inc., serving institutional and individual investors seeking exposure to U.S. large-cap value equities. American Beacon Advisors, Inc., the investment manager, is headquartered at 220 East Las Colinas Boulevard, Suite 1200, Irving, Texas 75039, with roots tracing to November 1986 as an affiliate of AMR Corp.
Prior to May 1, 2024, the Fund operated as the American Beacon Bridgeway Large Cap Value Fund under a prior sub-advisor; effective that date, it changed its name to American Beacon Man Large Cap Value Fund and appointed Numeric Investors LLC (Man Numeric) as sub-advisor following board approval of new investment advisory agreements, with performance through April 30, 2024, reflecting the previous management's track record. This strategic shift incorporated Numeric's fundamentally driven quantitative processes, emphasizing bottom-up signals within systematic models, while maintaining the Fund's large-cap value mandate. No further major acquisitions, funding rounds, partnerships, or product launches have been reported in the last 1-2 years.