American Beacon Bridgeway Large Cap Value Fund announces launch

By Toni Weeks

San Diego, Feb. 3 - American Beacon Funds announced it has launched the American Beacon Bridgeway Large Cap Value Fund with five share classes, according to an N-1A filing with the Securities and Exchange Commission.

The fund seeks to provide long-term total return on capital, primarily through capital appreciation and some income, and invests at least 80% of its net assets, plus borrowings for investment purposes, in stocks from the large-cap category that are listed on the New York Stock Exchange, the American Stock Exchange and Nasdaq.

The A class, C class, institutional class, Y class and investor class shares will trade under the ticker symbols BWLAX, BWLCX, BRLVX, BWLYX and BWLIX, respectively.

Management fees will be 0.45% for all share classes. The fund's investment adviser has agreed to waive and/or reimburse the fund through March 29, 2013 in order to hold total annual fund operating expenses to 1.34%, 2.09%, 0.84%, 0.94% and 1.22% for A class, C class, institutional class, Y class and investor class shares, respectively.

Only A class shares will incur a sales charge, which will be a maximum of 5.75%, and C class shares carry a 1% deferred sales charge load. There are no other shareholder fees.

The fund has retained American Beacon Advisors, Inc. to serve as its manager and Bridgeway Capital Management, Inc. as its subadviser. Both are located in Fort Worth.

The portfolio management team consists of Wyatt L. Crumpler, Gene L. Needles Jr. and Adriana R. Posada of American Beacon and John Montgomery, Elena Khoziaeva, Michael Whipple and Rasool Shaik of Bridgeway.

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