American Beacon Shapiro Equity Opportunities Fund (SHXIX)

The Fund’s investment objective is long-term capital appreciation.

Total Fund Assets ($M) 67.8 as of 10/31/2025
Inception Date 9/12/2017

Overview

FOCUS ON VALUE
Shapiro Capital Management (“Shapiro’’), founded in 1990 by Samuel Shapiro and Michael McCarthy, is a professional investment advisory firm based in Atlanta. Shapiro focuses on institutional-quality, value-oriented investments and employs a team-oriented investment process that is driven by deep fundamental research and concentrated portfolios.

Firm inception: 1990

Portfolio Managers:

  • Michael A. McCarthy, chief investment officer; industry since 1985
  • Louis S. Shapiro, president and chief financial officer; industry since 1990
  • Harry B. Shapiro, research analyst; industry since 1990
Fund Details as of 12/05/2025
Ticker SHXIX
Inception Date 9/12/2017
Fund Share Class NAV $16.24
Total Fund Assets ($M)
as of 10/31/2025
67.8
Share Class Assets ($M)
as of 10/31/2025
4.4
Sub-Advisor % as of 9/30/2025
Shapiro Capital Management LLC100.0%
Benchmark(s)
Russell 3000® Value Index
CUSIP 024526527
Gross Expense Ratio (%) 0.87%
Net Expense Ratio (%) 1 0.80%
1 The net expense ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through December 31, 2025.

Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.

Performance

Total Return

Time Period
Name/Class QTR* YTD* 1 Year 3 Year 5 Year 10 Year Since Inception
Shapiro Equity Opportunities (R5) 6.32% 14.54% 11.96% 10.68% 11.94% N/A 9.54%
Russell 3000® Value Index 5.63% 11.49% 9.33% 16.76% 13.92% N/A 9.55%
Name/Class QTR* YTD* 1 Year 3 Year 5 Year 10 Year Since Inception
Shapiro Equity Opportunities (R5) 9.13% 15.62% 10.41% 15.05% 12.36% N/A 9.78%
Russell 3000® Value Index 5.63% 11.49% 9.33% 16.76% 13.92% N/A 9.55%

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. See the performance notes below for more information.

Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index. Please note that the recent performance of the securities market has helped produce short-term returns that are not typical and may not continue in the future.

A portion of fees charged to each Class of Shapiro Equity Opportunities Fund has been waived since Fund inception. Performance prior to waiving fees was lower than actual returns shown since inception. Specific information about any Fund may be found in Performance Disclaimers or in the prospectus.

The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity market. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values.

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2024. 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.

Portfolio

Equity Sector Weightings

as of 9/30/2025

Financials 18.8%
Information Technology 17.3%
Communication Services 16.1%
Consumer Discretionary 15.6%
Health Care 13.2%
Industrials 7.5%
Materials 6.3%
Energy 2.7%
Consumer Staples 2.6%

Excludes broad market index ETFs.

Portfolio Statistics

as of 9/30/2025

Forward Price-to-Earnings Ratio (P/E) 16.3
Price-to-Book Ratio (P/B) 1.9
1-Year ROE 5.9
Weighted Avg. Market Cap ($ bil) 285.2

3-Year Risk Summary

as of 9/30/2025

Alpha -5.27
Beta 1.29
R2 0.86
Sharpe Ratio 0.51
Standard Deviation 20.26

Top Ten Holdings

as of 9/30/2025

Holding
Alphabet Inc. Class C 5.9%
Berkshire Hathaway Inc. Class B 5.7%
Elanco Animal Health, Inc. 5.6%
L3Harris Technologies Inc 5.0%
Truist Financial Corporation 4.8%
Walt Disney Company 4.7%
NCR Voyix Corporation 4.7%
PENN Entertainment, Inc. 4.7%
Micron Technology, Inc. 4.7%
Lionsgate Studios Corp. 4.6%
Total Fund Holdings 26

Asset Allocation

as of 9/30/2025

Equity 96.5%
Cash 3.5%

The Fund may purchase and sell futures contracts to gain market exposure on cash balances.

Market Capitalization

as of 9/30/2025

Less than $500 million 0.8%
$1 Billion – $5 Billion 25.8%
$5 Billion – $10 Billion 6.3%
$10 Billion – $25 Billion 24.4%
$25 Billion – $50 Billion 2.6%
$50 Billion – $100 Billion 14.7%
$100 Billion – $500 Billion 13.9%
Greater than $1 Trillion 11.5%

Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in small- or medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. 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. 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.

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. Return on Equity (ROE) is net income divided by net worth. 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.

Contact Us

For general inquiries, contact us during business hours and we’ll get back to you quickly. Reach out today!