American Beacon ARK Transformational Innovation Fund (ADNIX)
The Fund’s investment objective is long-term growth of capital.
Overview
FOCUS ON RISK-ADJUSTED ALPHA
ARK Investment Management specializes in thematic investing in disruptive innovation. The firm is rooted in more than 40 years of experience in identifying and investing in disruptive innovations that are changing the way the world works and delivering outsized growth as industries transform. Through its open research process, ARK identifies companies that it believes are leading and benefiting from cross-sector innovations such as robotics, 3D printing, big data, machine learning, cloud computing, energy storage and DNA sequencing.
Firm inception: 2013
Portfolio Manager:
- Catherine D. Wood, CIO; industry since 1981
FUNDAMENTALLY ORIENTED, QUANTITATIVELY IMPLEMENTED
The sub-advisor’s “Open Research Ecosystem” is designed to identify disruptive innovation early and leverages multiple data sources, both internal and external, to produce timely, original analysis. An open research process, which includes traditional sources, social media and crowdsourcing, provides a virtual collaboration platform that enables the sub-advisor’s thematic analysts to participate in an organized exchange of insights and ideas. Throughout the research process, the sub-advisor’s thematic analysts ask:
- Where is the next big disruptive innovation?
- What is the size of the total market?
- Which industries will be disrupted?
- Which companies will emerge as winners?
The analysts then examine each investment opportunity from both the top down and bottom up.
| Fund Details as of 01/20/2026 | |
|---|---|
| Ticker | ADNIX |
| Inception Date | 1/27/2017 |
| Fund Share Class NAV | $21.92 |
|
Total Fund Assets ($M) as of 12/31/2025 |
195.8 |
|
Share Class Assets ($M) as of 12/31/2025 |
5.6 |
| Sub-Advisor % as of 9/30/2025 | |
|
ARK Investment Management LLC100.0%
|
|
| Benchmark(s) | |
| S&P 500® Index TR | |
| CUSIP | 024526303 |
| Gross Expense Ratio (%) | 1.24% |
| Net Expense Ratio (%) 1 | 1.05% |
Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
Performance
Total Return
- Month End (as of 12/31/2025)
- Quarter End (as of 12/31/2025)
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| ARK Transformational Innovation (R5) | -7.61% | 36.11% | 36.11% | 35.37% | -8.25% | N/A | 15.02% |
| S&P 500® Index TR | 2.66% | 17.88% | 17.88% | 23.01% | 14.42% | N/A | 14.94% |
| Name/Class | QTR* | YTD* | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|---|---|
| ARK Transformational Innovation (R5) | -7.61% | 36.11% | 36.11% | 35.37% | -8.25% | N/A | 15.02% |
| S&P 500® Index TR | 2.66% | 17.88% | 17.88% | 23.01% | 14.42% | N/A | 14.94% |
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. The strategy employed by the Fund’s sub-advisor has the potential for more volatility than broad market averages, which may result in significant fluctuations in the Fund’s short-term returns, both positive and negative.
A portion of fees charged to the R5 Class of ARK Transformational Innovation Fund has been waived since Fund inception. A portion of fees charged to the Y Class of ARK Transformational Innovation Fund has been waived since Fund inception. A portion of fees charged to the Investor Class of ARK Transformational Innovation Fund has been waived since Fund inception. A portion of fees charged to the R6 Class of ARK Transformational Innovation Fund has been waived since Fund inception. A portion of fees charged to the A Class of ARK Transformational Innovation Fund was waived from Fund inception through 2020 and in 2023 through 2024. A portion of fees charged to the C Class of ARK Transformational Innovation Fund was waived from Fund inception through 2020 and in 2023 through 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. Specific information about any Fund may be found in Performance Disclaimers or in the prospectus.
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.
Portfolio
Portfolio Statistics
as of 9/30/2025
| Forward Price-to-Earnings Ratio (P/E) | -99.49 |
| Price-to-Book Ratio (P/B) | 6.87 |
| 1-Year ROE | 4.58 |
| Weighted Avg. Market Cap ($ bil) | 440.59 |
3-Year Risk Summary
as of 9/30/2025
| Alpha | -21.16 |
| Beta | 2.37 |
| R2 | 0.54 |
| Sharpe Ratio | 0.62 |
| Standard Deviation | 43.21 |
Top Ten Holdings
as of 9/30/2025
| Holding | ||
|---|---|---|
| Tesla, Inc. | 12.6% | |
| CRISPR Therapeutics AG | 6.0% | |
| Roku, Inc. Class A | 5.8% | |
| Coinbase Global, Inc. Class A | 5.8% | |
| Roblox Corp. Class A | 5.4% | |
| Robinhood Markets, Inc. Class A | 5.2% | |
| Tempus AI, Inc. Class A | 4.8% | |
| Shopify, Inc. Class A | 4.8% | |
| Palantir Technologies Inc. Class A | 4.4% | |
| BitMine Immersion Technologies Inc | 3.0% | |
| Total Fund Holdings | 45 | |
Asset Allocation
as of 9/30/2025
| Equity | 98.3% |
| Cash | 1.7% |
Market Capitalization
as of 9/30/2025
| Less than $0.4 billion | 0.6% |
| $0.75 billion – $1.5 billion | 1.4% |
| $1.5 billion – $7.5 billion | 19.8% |
| $7.5 billion – $15 billion | 16.9% |
| $15 billion – $50 billion | 13.2% |
| $50 billion – $100 billion | 12.1% |
| $100 billion – $300 billion | 13.7% |
| Greater than $300 billion | 22.3% |
Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Companies that the sub-advisor believes are capitalizing on disruptive innovation and developing technologies to displace older technologies or create new markets may not in fact do so. 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. Investing in Health Care sector companies involves risk due to government regulations, product litigation, competitive forces and loss of patent protection. 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. The Fund participates in a securities lending program. 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.
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.
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