The Fund seeks to provide long-term total return on capital, primarily through capital appreciation.
NUMERIC INVESTORS
A fundamentally driven quantitative investment manager, Numeric is part of Man Group plc (“Man”), which is a global, independent asset manager dedicated to alternative and long-only investing. Numeric has a research-driven culture and employs systematic security selection models underpinned by bottom-up, fundamentally based signals.
Firm inception: 1989
Portfolio Managers:
COMBINING QUANTITATIVE AND FUNDAMENTAL PROCESSES
Numeric seeks to select growth stocks with attractive valuations, positive long-term growth characteristics, sustainable competitive advantages, relatively benign competitive environments, and favorable industry dynamics. The process:
| Fund Details as of 03/31/2026 | |
|---|---|
| Ticker | BLYYX |
| Inception Date | 2/5/2016 |
| Prior Class Inception Date | 10/31/2003 |
| Fund Share Class NAV | $31.80 |
|
Total Fund Assets ($M) as of 2/28/2026 |
185.7 |
|
Share Class Assets ($M) as of 2/28/2026 |
3.3 |
| Sub-Advisor % as of 12/31/2025 | |
|
Numeric Investors LLC ("Man Numeric")100.0%
|
|
| Benchmark(s) | |
| Russell 1000® Growth Index | |
| CUSIP | 024525388 |
| Gross Expense Ratio (%) | 0.91% |
| Net Expense Ratio (%) 1 | 0.83% |
Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
Total Return
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| Man Large Cap Growth (Y) | -4.54% | -4.07% | 10.84% | 19.96% | 10.21% | 14.59% | 10.36% |
| Russell 1000® Growth Index | -5.41% | -4.82% | 14.78% | 26.11% | 14.36% | 18.23% | 12.31% |
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| Man Large Cap Growth (Y) | 2.06% | 16.17% | 16.17% | 23.68% | 11.50% | 14.26% | 10.64% |
| Russell 1000® Growth Index | 1.12% | 18.56% | 18.56% | 31.15% | 15.32% | 18.13% | 12.65% |
Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end, click here.
*Not Annualized.
Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index.
For any Class of the Fund that began operating within the 10-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. A portion of fees charged to the R5 Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the Investor Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the Y Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the A Class of Man Large Cap Growth Fund was waived from Fund inception through 2018, partially recovered in 2019 and waived in 2020 through 2023. A portion of fees charged to the C Class of Man Large Cap Growth Fund was waived from Fund inception through 2017, partially recovered in 2018 and 2019, and waived in 2020 through 2023. A portion of fees charged to the R6 Class of Man Large Cap Growth Fund has been waived since Fund inception. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived.
The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. “Russell®” is a trademark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
The S&P 500® Index is a broad-based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by American Beacon Advisors. S&P® and S&P 500® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); S&P Dow Jones Indices LLC are trademarks of the S&P Dow Jones Indices LLC and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American Beacon Advisors. American Beacon Funds is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.
as of 12/31/2025
| Information Technology | 54.1% |
| Communication Services | 16.0% |
| Health Care | 10.8% |
| Consumer Discretionary | 7.0% |
| Financials | 6.1% |
| Industrials | 3.7% |
| Consumer Staples | 1.3% |
| Utilities | 0.9% |
Excludes cash.
as of 12/31/2025
| Forward Price-to-Earnings Ratio (P/E) | 27.58 |
| Price-to-Book Ratio (P/B) | 9.22 |
| 1-Year ROE | 27.88 |
| Weighted Avg. Market Cap ($ bil) | 1305.1 |
as of 12/31/2025
| Alpha | -4.62 |
| Beta | 0.96 |
| R2 | 0.93 |
| Sharpe Ratio | 1.29 |
| Standard Deviation | 14.79 |
as of 12/31/2025
| Holding | ||
|---|---|---|
| Alphabet Inc. Class A | 9.1% | |
| NVIDIA Corporation | 6.1% | |
| Apple Inc. | 4.9% | |
| Microsoft Corporation | 4.8% | |
| Amazon.com, Inc. | 4.3% | |
| Mastercard Incorporated Class A | 4.1% | |
| Meta Platforms Inc Class A | 4.0% | |
| Advanced Micro Devices, Inc. | 2.8% | |
| Booking Holdings Inc. | 2.7% | |
| Applied Materials, Inc. | 2.5% | |
| Total Fund Holdings | 62 | |
as of 12/31/2025
| Equity | 98.1% |
| Cash | 2.0% |
The Fund may purchase and sell futures contracts to gain market exposure on cash balances.
as of 12/31/2025
| $5 Billion – $10 Billion | 1.5% |
| $10 Billion – $25 Billion | 10.2% |
| $25 Billion – $50 Billion | 9.1% |
| $50 Billion – $100 Billion | 9.0% |
| $100 Billion – $500 Billion | 29.9% |
| $500 Billion – $1 Trillion | 5.0% |
| Greater than $1 Trillion | 35.3% |
Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Quantitative models may not perform as expected and may result in losses for the Fund. Investing in foreign markets may involve heightened risk due to currency fluctuations and economic and political risks. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Information Technology sector companies may face intense competition and rapid product obsolescence; have limited product lines, markets, financial resources or personnel; and lose patent, copyright and trademark protections. Although the Fund is managed pursuant to a tax management strategy, the Fund’s investments could create capital gains. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund participates in a securities lending program. The Fund’s incorporation of environmental, social and/or governance (ESG) considerations in its investment strategy may cause it to underperform funds that do not incorporate these considerations. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
The P/E Ratio of a stock is calculated by dividing the current price by forecasted 12- month earnings per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per share. R-squared (R2) is the percentage of the Fund’s three-year return that is explained by movements in its benchmark index. Alpha is a measure of the Fund’s expected performance versus the benchmark, adjusted for relative risk. Beta is a measure of the Fund’s volatility versus the benchmark. Sharpe Ratio is a measure of the Fund’s return per unit of total risk. Standard Deviation is a measure of the historical volatility of the Fund’s returns. Return on Equity (ROE) is net income divided by net worth.
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