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We are pleased to announce that the shareholders have approved a plan of reorganization whereby the Lou Holland Growth Fund will reorganize into the American Beacon Family of Funds. The new fund name will be the American Beacon Holland Large Cap Growth Fund. The new Fund is designed to be substantially similar from an investment perspective as their predecessors. Holland Capital Management LLC will continue to manage the day-to-day portfolio as the sub-adviser to the American Beacon Funds. By engaging Holland Capital as a sub-adviser, American Beacon Advisers will be able to provide shareholders continuity of the portfolio management team that has been responsible for the Lou Holland Growth Fund’s performance records since the inception of the Fund. The co-portfolio managers of Holland Capital, who are primarily responsible for the day-to-day portfolio management of the Fund, will remain the same.
The reorganization of the Fund took effect on March 26, 2012. At that time, the A Class and Institutional Class shares of the Fund were exchanged, on a tax-free basis, for A Class shares and Institutional Class shares, respectively, of the applicable American Beacon Fund with the same aggregate value.
If you have any questions or comments please do not hesitate to contact an American Beacon Client Services Representative during regular business hours at (800) 658-5811, option 1. You can also learn more about the reorganization on American Beacon’s website at www.americanbeaconfunds.com.
We appreciate your continued interest in the American Beacon Holland Large Cap Growth Fund.
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Business Continuity Statement for Clients: Holland Capital Management has committed resources to the preparation of a Business Continuity Plan (BCP) which provides for continuation of critical operational functions and support services in the event of a significant business disruption, including, but not limited to, unplanned evacuations, power outages, major water leaks, fire, natural disasters and terrorist attacks. The purpose of the BCP is to ensure our continued ability to protect our employees, serve our clients, safeguard our clients’ assets and the assets of the firm. Depending on the type, scope, and duration of the business disruption, Holland Capital’s BCP is constructed with the goal of resuming critical operations as soon as possible. Our ability to resume operations is dependent upon the BCPs established by third parties, including exchanges, critical vendors and utilities.
If you have further questions about our BCP, please email info@hollandcap.com with Disaster Recovery Plan in the subject. |
© 2012 Holland Capital Management LLC. All Rights Reserved |