American Beacon Small Cap Value’s subadvisor lineup is undergoing a remodel, with two fundamental managers departing and one joining. The changes introduce some uncertainty, leading to a downgrade of the strategy’s Morningstar Analyst Rating to Neutral from Bronze for cheaper share classes, while more pricier shares remain at Neutral.
Will AVFIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AVFIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AVFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AVFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.