4 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 330 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 26.82 percent over the past year, 18.18 percent over the past three years, 20.64 percent over the past five years, and 9.31 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.3%|
|3 Years (Annualized)||18.2%|
|5 Years (Annualized)||20.6%|
|10 Years (Annualized)||9.3%|
This fund stands out from others in that it uses quantitative analysis to pick stocks. That means management doesn't use fundamental analysis or do things like meet with company management. Bridgeway founder John Montgomery says the quant models determine the best buy and sell opportunities. "What we do is we take many years of historical data ... and calibrate models over the long term so that would be taking a look at history and a particular style," Montgomery says. His team uses historical data and models to size up value stocks. Management often invests in stocks in the Russell 1000 Value index. Management won't invest more than 30 percent of the fund's assets in a single sector, and won't underweight or overweight the portfolio by more than 10 percent in any sector compared with its benchmark. "Half of our job is to beat the market over the long haul, and half of it is to manage that risk," he says. Since its inception in 2003, the fund has returned almost 4 percent annualized. The fund comes with 0.84 percent annual fees.
The investment seeks to provide long-term total return on capital, primarily through capital appreciation and some income. The fund invests in a diversified portfolio of stocks of large capitalization companies that are listed on the New York Stock Exchange, the American Stock Exchange, and NASDAQ. Under normal market conditions, at least 80% of Fund net assets (plus borrowings for investment purposes) are invested in stocks from among those in the large-cap category at the time of purchase.
Fees are Low compared to funds in the same category.
American Beacon Bridgeway Large Cap Value Fund has an expense ratio of 1.34 percent.
Risk is Average compared to funds in the same category according to Morningstar.