AAIEX: American Beacon International Eq R5

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

AAIEX American Beacon International Eq R5


Profile

AAIEX - Profile

Vitals

  • YTD Return -16.0%
  • 3 Yr Annualized Return -9.0%
  • 5 Yr Annualized Return -2.6%
  • Net Assets $2.32 B
  • Holdings in Top 10 25.1%

52 WEEK LOW AND HIGH

$15.51
$11.17
$18.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of May 29, 2020
  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -16.0%
  • 3 Yr Annualized Total Return -5.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    American Beacon International Equity Fund
  • Fund Family Name
    American Beacon
  • Inception Date
    Aug 07, 1991
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kirk Brown

Fund Description

The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks and securities convertible into common stocks (collectively, "stocks") of issuers based in at least three different countries located outside the United States. It primarily invests in countries comprising the MSCI EAFE Index®. The MSCI EAFE Index is designed to represent the performance of large- and mid-capitalization securities across 21 developed markets countries, including countries in Europe, Australasia and the Far East, and excluding the U.S. and Canada.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

AAIEX - Performance

Return Ranking - Trailing

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.0% -26.6% 74.8% 71.84%
1 Yr -12.0% -24.1% 83.4% 70.32%
3 Yr -9.0%* -15.3% 5.2% 75.44%
5 Yr -2.6%* -6.8% 26.3% 81.82%
10 Yr -0.2%* -4.9% 11.2% 50.00%

* Annualized

Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
2019 16.0% -2.4% 19.9% 23.78%
2018 -23.8% -35.7% -7.4% 86.90%
2017 21.0% 8.4% 32.1% 35.58%
2016 -2.2% -9.2% 208.8% 75.00%
2015 -4.1% -27.8% 5.1% 45.91%

Total Return Ranking - Trailing

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.0% -26.6% 74.8% 71.84%
1 Yr -12.0% -24.1% 83.4% 70.32%
3 Yr -5.1%* -15.3% 5.8% 41.40%
5 Yr 0.9%* -6.8% 29.7% 36.78%
10 Yr 2.9%* -4.9% 15.3% 17.31%

* Annualized

Total Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
2019 16.0% -2.4% 19.9% 23.78%
2018 -16.4% -35.7% -6.2% 29.66%
2017 24.8% 10.5% 32.4% 19.10%
2016 0.3% -7.3% 219.6% 63.11%
2015 -1.8% -26.3% 6.0% 38.18%

NAV & Total Return History


Holdings

AAIEX - Holdings

Concentration Analysis

AAIEX Category Low Category High AAIEX % Rank
Net Assets 2.32 B 556 K 38 B 14.16%
Number of Holdings 121 1 3382 41.82%
Net Assets in Top 10 400 M 472 K 10.4 B 14.55%
Weighting of Top 10 25.14% 10.5% 100.0% 46.06%

Top 10 Holdings

  1. Novartis AG 3.31%
  2. SAP SE 3.18%
  3. Volkswagen AG Participating Preferred 2.94%
  4. ABB Ltd 2.90%
  5. Future on MSCI EAFE Sep20 2.77%
  6. Samsung Electronics Co Ltd 2.45%
  7. Sanofi SA 2.20%
  8. UniCredit SpA 1.87%
  9. Basf SE 1.77%
  10. RELX PLC 1.75%

Asset Allocation

Weighting Return Low Return High AAIEX % Rank
Stocks
97.65% 56.62% 100.78% 66.67%
Cash
2.35% -0.77% 43.34% 31.21%
Preferred Stocks
0.00% 0.00% 2.98% 53.03%
Other
0.00% -1.41% 3.95% 56.67%
Convertible Bonds
0.00% 0.00% 0.00% 48.79%
Bonds
0.00% 0.00% 3.70% 50.91%

Stock Sector Breakdown

Weighting Return Low Return High AAIEX % Rank
Industrials
20.80% 0.00% 45.08% 4.55%
Financial Services
17.00% 0.00% 35.65% 64.85%
Healthcare
10.98% 0.00% 22.26% 55.15%
Technology
9.72% 0.00% 23.37% 36.97%
Communication Services
9.64% 1.56% 19.76% 26.67%
Consumer Cyclical
8.27% 0.00% 19.42% 60.61%
Consumer Defense
7.85% 0.00% 36.87% 49.09%
Basic Materials
6.96% 0.00% 45.95% 71.21%
Utilities
4.26% 0.00% 39.36% 34.85%
Energy
3.14% 0.00% 27.29% 72.42%
Real Estate
1.39% 0.00% 6.41% 63.33%

Stock Geographic Breakdown

Weighting Return Low Return High AAIEX % Rank
Non US
94.46% 56.51% 100.43% 77.58%
US
3.19% -10.65% 14.94% 20.30%

Expenses

AAIEX - Expenses

Operational Fees

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.01% 15.82% 90.97%
Management Fee 0.61% 0.00% 1.30% 19.34%
12b-1 Fee 0.00% 0.00% 1.00% 11.54%
Administrative Fee N/A 0.01% 0.50% 84.75%

Sales Fees

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 2.00% 182.00% 40.69%

Distributions

AAIEX - Distributions

Dividend Yield Analysis

AAIEX Category Low Category High AAIEX % Rank
Dividend Yield 0.00% 0.00% 5.83% 50.00%

Dividend Distribution Analysis

AAIEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

AAIEX Category Low Category High AAIEX % Rank
Net Income Ratio 2.93% 0.00% 7.83% 32.90%

Capital Gain Distribution Analysis

AAIEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AAIEX - Fund Manager Analysis

Managers

Kirk Brown


Start Date

Tenure

Tenure Rank

Feb 28, 1994

26.52

26.5%

Kirk Brown serves as Senior Portfolio Manager, Asset Management for American Beacon Advisors, Inc. and is responsible for monitoring the investment advisors to several American Beacon Funds as well as investments in alternative products (including private equity). He is also responsible for monitoring the international, high yield bond, emerging markets and currency overlay investment advisors to AMR Corporation’s pension plans. Prior to joining American Beacon in 1994, Mr. Brown served in operational and business planning roles for American Airlines, Inc. Mr. Brown received his BA from the State University of New York at Brockport in 1986 and an MBA from Vanderbilt University’s Owen Graduate School of Management in 1988. He is a CFA charterholder.

Michael Fry


Start Date

Tenure

Tenure Rank

Nov 30, 2005

14.76

14.8%

Michael G. Fry, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on various of the Investment Manager’s International Equity teams. Prior to joining Lazard Asset Management in 2005, Mr. Fry held several positions at UBS Global Asset Management, including Head of Global Equity Portfolio Management, Global Head of Equity Research and Head of Australian Equities. Mr. Fry began working in the investment field in 1981.

Jonathan Eng


Start Date

Tenure

Tenure Rank

Jan 31, 2006

14.59

14.6%

Mr. Eng is a director and fundamental portfolio manager of Causeway and has been with the firm since July 2001. He is responsible for investment research in the global consumer discretionary, industrials and materials sectors. He has been a portfolio manager since February 2002. PRIOR EXPERIENCE From 1997 to July 2001, Mr. Eng was an equity research associate for the Hotchkis and Wiley division of Merrill Lynch Investment Managers. In 1996, Mr. Eng worked as a summer research associate for Hotchkis and Wiley, performing U.K. and European equity research.

Conor Muldoon


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.67

9.7%

Mr. Muldoon is a director and fundamental portfolio manager of Causeway and is responsible for investment research in the global financials and materials sectors. He joined the firm in August 2003 and has been a portfolio manager since September 2010. PRIOR EXPERIENCE From 1995 to June 2003, Mr. Muldoon was an investment consultant for Fidelity Investments where he served as a liaison between institutional clients and investment managers within Fidelity.

Gene Needles


Start Date

Tenure

Tenure Rank

Feb 29, 2012

8.51

8.5%

Gene L. Needles, Jr. has served as Chief Executive Officer of American Beacon Advisors, Inc. since April 2009, President of the firm from 2009 to 2018, and has served on the portfolio management team since June 2011. Prior to joining the firm, Mr. Needles was President of Touchstone Investments from 2008 to 2009 and President and CEO of AIM Distributors from 2004 to 2007.

Kevin Matthews


Start Date

Tenure

Tenure Rank

May 31, 2013

7.26

7.3%

Kevin Matthews is a Managing Director of Lazard and a portfolio manager for various of Lazard's international equity teams. Mr. Matthews was a research analyst with a background in financial, automotive, aerospace and capital goods sectors. He began working in the investment field in 2001 when he joined Lazard. Kevin has a BA in Politics and Philosophy from St. Chad's College, Durham University.

Alessandro Valentini


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.67

6.7%

Alessandro Valentini is a Director of Causeway and is responsible for research in the global health care and financial sectors. Mr. Valentini joined the firm in July 2006 as a Research Associate and became a Portfolio Manager in 2013. During the summer of 2005, Mr. Valentini worked as a research analyst at Thornburg Investment Management. From 2000 to 2004, Mr. Valentini worked as a financial analyst at Goldman Sachs in the European Equities Research-Sales division in New York.

Ellen Lee


Start Date

Tenure

Tenure Rank

Feb 27, 2015

5.51

5.5%

Ms. Lee is a director and fundamental portfolio manager and is responsible for investment research in the global utilities and energy sectors. She joined the firm in August 2007 and has been a portfolio manager since January 2015. PRIOR EXPERIENCE During the summer of 2006, Ms. Lee interned at Tiger Asia, a long short equity hedge fund focused on China, Japan, and Korea. From 2001 to 2004, Ms. Lee was an associate in the Mergers and Acquisitions division of Credit Suisse First Boston in Seoul, where she advised Korean corporates and multinational corporations. From 1999 to 2000, she was an analyst in the Mergers and Acquisitions division of Credit Suisse First Boston in Hong Kong. Education Ms. Lee has a BA in Business Administration from Seoul National University and an MBA from the Stanford Graduate School of Business.

Paul Cavazos


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.67

3.7%

Paul B Cavazos is Chief Investment Officer and joined American Beacon Advisors and has served on the portfolio management team since 2016. Prior to joining American Beacon Advisors, Mr. Cavazos was Chief Investment Officer and Assistant Treasurer of DTE Energy from 2007 to 2016.

Alvin Polit


Start Date

Tenure

Tenure Rank

Jan 15, 2020

0.63

0.6%

Al is a member of the team of investment professionals managing the Non-U.S. Intrinsic Value strategy. He joined American Century Investments in 2017. Previously, he was a partner and senior portfolio manager at Lombardia Capital Partners. Prior to that, Al was the CEO, CIO and portfolio manager at Dean Chase Global Value LLC. Other positions he has held include being a portfolio manager and analyst at Brandes Investment Partners LP and an adviser at Dean Witter Reynolds Inc. He has worked in the investment industry since 1988. Al earned a bachelor's degree in finance and international business from New York University and is a CFA charterholder and member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 27.23 6.6 2.29