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American Beacon Shapiro SMID Cap Equity Fund
mutual fund
SHDIX
Payout Change
Pending
Price as of:
$10.44
+0.06
+0.58%
primary theme
U.S. Small-Cap Value Equity
share class
SHDIX (Mutual Fund)
American Beacon Shapiro SMID Cap Equity Fund
Payout Change
Pending
Price as of:
$10.44
+0.06
+0.58%
primary theme
U.S. Small-Cap Value Equity
share class
SHDIX (Mutual Fund)
American Beacon Shapiro SMID Cap Equity Fund
Payout Change
Pending
Price as of:
$10.44
+0.06
+0.58%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-5.9%
1 yr return
-5.5%
3 Yr Avg Return
-1.9%
5 Yr Avg Return
6.2%
Net Assets
$42.6 M
Holdings in Top 10
50.4%
52 WEEK LOW AND HIGH
$10.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SHDIX - Profile
Distributions
- YTD Total Return -5.9%
- 3 Yr Annualized Total Return -1.9%
- 5 Yr Annualized Total Return 6.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.64%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAmerican Beacon Shapiro SMID Cap Equity Fund
-
Fund Family NameAmerican Beacon
-
Inception DateSep 12, 2017
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLouis Shapiro
Fund Description
Under normal circumstances, at least 80% of the Fund’s net assets (plus the amount of any borrowings for investment purposes) are invested in equity securities of small- and mid-capitalization companies. The Fund considers a company to be a small- to mid-capitalization company if it has a market capitalization (stock market worth), at the time of investment, between $1 billion and the market capitalization of the largest company in the Russell 2500™Index, which was $36.47 billion as of September 30, 2024.
The Fund will invest primarily in U.S. common stocks of companies that the Fund’s investment sub-advisor, Shapiro Capital Management LLC (“Shapiro”), believes are priced below intrinsic value. Shapiro defines intrinsic value as the price at which a strategic or financial buyer would be willing to buy the entire company. Shapiro uses several different metrics to arrive at intrinsic value including, but not limited to, price to cash flow, price to sales and free cash flow yield. Although the Fund will invest principally in small- and mid-capitalization companies, the Fund may invest in companies of all market capitalizations.
The Fund’s investment sub-advisor, Shapiro, seeks to achieve the Fund’s investment objective by implementing an intensive fundamental research process to select a focused portfolio of approximately 20 to 35 stocks, including dividend-paying stocks to generate income. Shapiro uses this investment approach to identify companies with substantial operations, a high return on invested assets, products or services with a minimized chance of obsolescence and franchise-like characteristics with significant barriers to entry, and sound management with equity interest in the company.
The Fund may invest cash balances in other investment companies, including a government money market fund advised by the Manager, with respect to which the Manager receives a management fee.
The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions.
SHDIX - Performance
Return Ranking - Trailing
| Period | SHDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.9% | -13.9% | 24.5% | 96.41% |
| 1 Yr | -5.5% | -14.1% | 24.4% | 96.17% |
| 3 Yr | -1.9%* | -7.2% | 72.7% | 96.81% |
| 5 Yr | 6.2%* | -4.0% | 50.6% | 85.27% |
| 10 Yr | N/A* | -1.9% | 27.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SHDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -6.0% | 33.6% | 96.16% |
| 2022 | -11.3% | -33.6% | 212.9% | 20.34% |
| 2021 | 13.3% | -62.0% | 147.6% | 72.91% |
| 2020 | 11.3% | -24.8% | 31.3% | 7.24% |
| 2019 | 18.1% | -21.7% | 34.0% | 56.64% |
Total Return Ranking - Trailing
| Period | SHDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.9% | -13.9% | 24.5% | 96.41% |
| 1 Yr | -5.5% | -14.1% | 24.4% | 96.17% |
| 3 Yr | -1.9%* | -7.2% | 72.7% | 96.81% |
| 5 Yr | 6.2%* | -4.0% | 50.6% | 85.27% |
| 10 Yr | N/A* | -1.9% | 27.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SHDIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.4% | 1.8% | 35.4% | 92.09% |
| 2022 | -9.4% | -25.2% | 250.0% | 35.78% |
| 2021 | 28.2% | -3.0% | 157.9% | 65.06% |
| 2020 | 12.7% | -13.5% | 33.4% | 6.20% |
| 2019 | 26.4% | -1.5% | 34.3% | 18.16% |
NAV & Total Return History
SHDIX - Holdings
Concentration Analysis
| SHDIX | Category Low | Category High | SHDIX % Rank | |
|---|---|---|---|---|
| Net Assets | 42.6 M | 3.29 M | 63 B | 88.04% |
| Number of Holdings | 29 | 10 | 1599 | 97.85% |
| Net Assets in Top 10 | 21.7 M | 279 K | 3.62 B | 79.43% |
| Weighting of Top 10 | 50.36% | 5.2% | 92.1% | 4.56% |
Top 10 Holdings
- Dun Bradstreet Holdings, Inc. 5.86%
- Ultra Clean Holdings, Inc. 5.69%
- Elanco Animal Health, Inc. 5.15%
- BWX Technologies, Inc. 5.06%
- Graphic Packaging Holding Co. 5.00%
- SSC Technologies Holdings, Inc. 4.88%
- Madison Square Garden Sports Corp. 4.86%
- NCR Voyix Corp. 4.70%
- Ingredion, Inc. 4.60%
- Atlanta Braves Holdings, Inc. 4.56%
Asset Allocation
| Weighting | Return Low | Return High | SHDIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.39% | 6.25% | 105.88% | 54.31% |
| Cash | 1.66% | 0.00% | 37.64% | 46.89% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 44.26% |
| Other | 0.00% | -1.07% | 38.91% | 57.42% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 41.75% |
| Bonds | 0.00% | 0.00% | 90.12% | 43.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SHDIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 22.61% | 0.35% | 51.62% | 2.70% |
| Communication Services | 17.58% | 0.00% | 17.58% | 0.49% |
| Basic Materials | 11.85% | 0.00% | 67.30% | 5.64% |
| Healthcare | 10.64% | 0.00% | 25.76% | 5.64% |
| Industrials | 10.26% | 0.65% | 48.61% | 96.57% |
| Consumer Defense | 9.16% | 0.00% | 13.22% | 5.64% |
| Financial Services | 9.09% | 0.00% | 35.71% | 94.12% |
| Technology | 6.92% | 0.00% | 27.23% | 78.19% |
| Energy | 1.88% | 0.00% | 29.42% | 92.40% |
| Utilities | 0.00% | 0.00% | 13.86% | 88.24% |
| Real Estate | 0.00% | 0.00% | 44.41% | 96.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SHDIX % Rank | |
|---|---|---|---|---|
| US | 98.39% | 6.25% | 105.88% | 39.23% |
| Non US | 0.00% | 0.00% | 77.52% | 57.66% |
SHDIX - Expenses
Operational Fees
| SHDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.24% | 0.05% | 37.04% | 45.93% |
| Management Fee | 0.75% | 0.00% | 1.50% | 39.33% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.18% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| SHDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SHDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SHDIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 7.00% | 252.00% | 70.41% |
SHDIX - Distributions
Dividend Yield Analysis
| SHDIX | Category Low | Category High | SHDIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.10% | 0.00% | 14.14% | 11.72% |
Dividend Distribution Analysis
| SHDIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| SHDIX | Category Low | Category High | SHDIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.64% | -1.43% | 4.13% | 34.56% |
Capital Gain Distribution Analysis
| SHDIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.010 | OrdinaryDividend |
| Dec 21, 2023 | $0.757 | CapitalGainShortTerm |
| Dec 21, 2023 | $0.100 | CapitalGainLongTerm |
| Dec 22, 2022 | $0.225 | OrdinaryDividend |
| Dec 22, 2021 | $1.569 | OrdinaryDividend |
| Dec 22, 2020 | $0.130 | OrdinaryDividend |
| Dec 20, 2019 | $0.047 | OrdinaryDividend |
| Dec 20, 2019 | $0.218 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.416 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.039 | OrdinaryDividend |
| Dec 20, 2018 | $0.619 | CapitalGainShortTerm |
| Dec 20, 2018 | $0.093 | CapitalGainLongTerm |
SHDIX - Fund Manager Analysis
Managers
Louis Shapiro
Start Date
Tenure
Tenure Rank
Sep 12, 2017
4.72
4.7%
Louis S. Shapiro is the President and Chief Financial Officer of the Company. He was formerly employed from June 1990 through April 1992 as an accountant for Habif, Arogeti and Wynne, PC, a Public Accounting firm. Before his employment as an accountant, he was a Registered Representative for Kidder Peabody in Atlanta. He holds an ABJ from the University of Georgia.
Harry Shapiro
Start Date
Tenure
Tenure Rank
Sep 12, 2017
4.72
4.7%
Harry B. Shapiro is the Capital Structure Analyst. He joined the firm in 2005, and previously spent 15 years in the investment business at Deutsche Bank Alex Brown from 2002 to 2005, Lehman Brothers from 2001 to 2002, Bear Stearns from 1995 to 2001, and Merrill Lynch from 1990 to 1995. His responsibilities included advising institutional and high net worth clients on various issues regarding equity and fixed income portfolio management. He holds a BBA in International Business from the University of Georgia.
Michael McCarthy
Start Date
Tenure
Tenure Rank
Sep 12, 2017
4.72
4.7%
Michael A. McCarthy has served as Director of Research of the Company since 1990, and is a Chartered Financial Analyst. From 1985 until joining Shapiro in August 1990, he was a portfolio manager at Heilweil, Hollander & Jacobs in Atlanta. In 1987, he was appointed head portfolio manager at Heilweil, Hollander & Jacobs, where he was in charge of managing approximately $125 million. Mr. McCarthy has a BS in Chemical Engineering from the New Jersey Institute of Technology and a MS in Management from the Georgia Institute of Technology.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.23 | 3.58 |
