American Beacon The London Company Income Equity ETF
The Fund’s investment objective is current income, with a secondary objective of capital appreciation.
Overview
A TOTAL RETURN APPROACH TO INCOME EQUITY INVESTING
Founded in 1994, The London Company is a majority employee-owned investment management firm serving institutional, sub-advisory, and wealth clients and their intermediaries around the world. Strategies focus on U.S. and non-U.S. equity management across all market capitalizations. At the heart of the firm’s investment principles is a belief that markets are much less efficient at assessing risk than reward. That downside mitigation focus is the hallmark of the firm’s highly differentiated investment process that relies on facts, not speculation. This disciplined and transparent approach has produced a growing and diversified client base.
TLIE seeks to generate meaningful excess returns versus the Russell 1000® Value Index at lower levels of volatility over full market cycles, utilizing an investment approach focused on predictability and stability.
Firm Inception: 1994
Portfolio Managers:
- Stephen Goddard, CFA; Chief Investment Officer; industry since 1987
- Brian Campbell, CFA; industry since 2000
- Sam Hutchings, CFA; industry since 2008
WHY INVEST
- High Conviction Portfolio: 30 to 40 holdings with high active share compared to the Russell 1000 Value Index.
- Quality Focus: Targets high-quality, large-cap companies with strong returns on capital bought at discounts.
- Predictability and Stability: Favors companies with strong cash flow and balance sheets with valuation discipline.
| Period | Days Traded at Premium | Days Traded at Discount |
|---|---|---|
| Q4 2026 | 21 | 3 |
| Q3 2026 | 5 | 0 |
| Fund Details as of 11/03/2026 | |
|---|---|
| Sub-advisor % | |
|
The London Company of Virginia, LLC100.00% |
|
| Ticker | TLIE |
| CUSIP | 02368W804 |
| ISIN | US02368W8041 |
| Exchange | NYSE Arca, Inc. |
| Inception Date | 09/23/2026 |
| Number of Holdings | 34 |
| Shares Outstanding | 2,175,001 |
| Expense Ratio (%) | 0.67% |
| Median Bid / Ask Spread | 0.16% |
| Premium / Discount | -0.010357% |
Performance
| as of 9/30/2026 | Cumulative | Average Annual | ||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception | |
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.16% |
| Market Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.92% |
| as of 9/30/2026 | Cumulative | Average Annual | ||||||
|---|---|---|---|---|---|---|---|---|
| YTD | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | Since Inception | |
| NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.16% |
| Market Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.92% |
The Fund is new and has a limited operating history.
Returns for less than one year are cumulative and not annualized. Short-term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. Market price returns are based on the official closing price on the NYSE Arca, Inc. Market price performance does not represent the returns you would have received if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for market price returns. The Fund’s shares are bought and sold at current market prices (and not at NAV), and market price may differ significantly from NAV during periods of market volatility.
Portfolio
Top 10 Holdings by Percent (As of 11/03/2026)
| Ticker | Description | Weight | Market Value | CUSIP/Identifier | Shares/Quantity | Notional Value |
|---|---|---|---|---|---|---|
| AAPL | APPLE INC COMMON STOCK USD.00001 | 5.91% | $3,349,867 | 037833100 | 10,093.00 | $3,349,867 |
| NSC | NORFOLK SOUTHERN CORP COMMON STOCK USD1.0 | 5.08% | $2,877,618 | 655844108 | 8,440.00 | $2,877,618 |
| PM | PHILIP MORRIS INTERNATIONAL COMMON STOCK | 4.82% | $2,733,098 | 718172109 | 13,138.00 | $2,733,098 |
| TXN | TEXAS INSTRUMENTS INC COMMON STOCK USD1.0 | 4.70% | $2,664,290 | 882508104 | 8,526.00 | $2,664,290 |
| BRK.B | BERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033 | 4.53% | $2,569,207 | 084670702 | 4,612.00 | $2,569,207 |
| D | DOMINION ENERGY INC COMMON STOCK | 4.52% | $2,562,215 | 25746U109 | 38,368.00 | $2,562,215 |
| CVX | CHEVRON CORP COMMON STOCK USD.75 | 4.25% | $2,410,840 | 166764100 | 10,702.00 | $2,410,840 |
| JNJ | JOHNSON + JOHNSON COMMON STOCK USD1.0 | 4.21% | $2,385,149 | 478160104 | 8,961.00 | $2,385,149 |
| BLK | BLACKROCK INC COMMON STOCK USD.01 | 4.10% | $2,323,801 | 09290D101 | 2,001.00 | $2,323,801 |
| GLW | CORNING INC COMMON STOCK USD.5 | 3.97% | $2,249,833 | 219350105 | 17,836.00 | $2,249,833 |
Equity Sector Weightings
as of 09/30/2026
| Information Technology | 25.14% |
| Financials | 19.10% |
| Industrials | 18.33% |
| Health Care | 7.30% |
| Consumer Staples | 7.12% |
| Consumer Discretionary | 6.57% |
| Utilities | 4.41% |
| Communication Services | 4.26% |
| Energy | 4.15% |
| Materials | 3.63% |
Top Ten Holdings
as of 09/30/2026
| Holding | ||
|---|---|---|
| Apple Inc. | 6.38% | |
| Corning Inc | 5.21% | |
| Norfolk Southern Corporation | 4.95% | |
| Philip Morris International Inc. | 4.76% | |
| Texas Instruments Incorporated | 4.53% | |
| Johnson & Johnson | 4.50% | |
| Dominion Energy Inc | 4.41% | |
| Berkshire Hathaway Inc. Class B | 4.36% | |
| Chevron Corporation | 4.15% | |
| BlackRock, Inc. | 4.02% | |
| Total Fund Holdings | 31 | |
Asset Allocation
as of 09/30/2026
| Fixed Income | 1.9% |
| Equity | 96.1% |
| Cash | 2.0% |
Market Capitalization
as of 09/30/2026
| $10 Billion to $25 Billion | 4.04% |
| $25 Billion to $50 Billion | 1.72% |
| $50 Billion to $100 Billion | 29.09% |
| $100 Billion to $500 Billion | 44.40% |
| $500 Billion to $1 Trillion | 4.50% |
| Greater than $1 Trillion | 16.25% |
Holdings are subject to change without notice. The amounts shown under Weight, Market Value and Notional Value are calculated using third-party pricing sources and do not reflect any fair valuation adjustments made by American Beacon in determining the Fund’s NAV. In addition, the values shown for holdings denominated in non-U.S. currencies may have been converted to U.S. dollars using foreign exchange rates as of a different time than used for purposes of determining the NAV.
This information must be preceded or accompanied by a prospectus or summary prospectus. Click here to view or download a prospectus or summary prospectus. Read it carefully before you invest.
The Fund is new and has a limited operating history.
For more information about the risks associated with the Fund, visit the “Risk Disclosures” page or read the prospectus.
Resources
Fund Literature
Regulatory Docs
The Russell 1000® Value Index is an unmanaged index of those stocks in the Russell 1000® Index with lower price-to-book ratios and lower forecasted growth values.
Foreside Financial Services, LLC is the distributor of the American Beacon ETFs and is not affiliated with American Beacon or its sub-advisors. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon The London Company Income Equity ETF is a service mark of American Beacon Advisors, Inc.
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