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AAIEX American Beacon International Eq Instl

  • Fund
  • AAIEX
  • Price as of: Jan 19, 2018
  • $21.89
  • + $0.07
  • + 0.32%
  • Category
  • Foreign Large Cap Blend Equities

AAIEX - Profile

Vitals

  • YTD Return 4.8%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 7.3%
  • Net Assets $3.16 B
  • Holdings in Top 10 16.7%

52 WEEK LOW AND HIGH

$21.89
$17.74
$21.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$250,000

Investment Themes

CATEGORY

Foreign Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Value

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 0.3%
  • 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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Jonathan P. Eng

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 Morgan Stanley Capital International Europe Australasia and Far East Index ("MSCI EAFE Index"). The MSCI EAFE Index is comprised of equity securities of companies from various industrial sectors whose primary trading markets are located outside the United States.

AAIEX - Performance

Return Ranking - Trailing

Period AAIEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.8% -30.0% 22.9% 67.14% 4
1 Yr 24.8% -25.1% 38.8% 55.19% 3
3 Yr 7.1% * -6.1% 13.6% 56.18% 3
5 Yr 7.3% * -10.0% 11.3% 46.04% 3
10 Yr 2.3% * -5.5% 8.0% 32.15% 2

* Annualized


Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.0% -9.2% 37.4% 60.03% 4
2016 -2.2% -16.1% 238.9% 50.61% 3
2015 -4.1% -27.8% 21.2% 59.85% 4
2014 -9.5% -27.8% 24.9% 71.52% 4
2013 22.5% -100.0% 36.9% 11.19% 1

Total Return Ranking - Trailing

Period AAIEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.8% -30.0% 22.9% 67.14% 4
1 Yr 24.8% -17.4% 98.5% 44.59% 3
3 Yr 7.1% * -7.3% 24.3% 49.62% 3
5 Yr 7.3% * -10.0% 11.3% 41.03% 3
10 Yr 2.3% * -5.5% 8.0% 29.19% 2

* Annualized


Total Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.0% -8.9% 37.4% 60.03% 4
2016 -2.2% -16.1% 238.9% 56.99% 4
2015 -1.8% -26.7% 25.7% 56.00% 3
2014 -7.3% -16.2% 27.3% 80.10% 5
2013 26.6% -100.0% 43.5% 15.21% 1

NAV & Total Return History

AAIEX - Holdings

Filings data as of: Nov 30, 2017

Concentration Analysis

AAIEX Category Low Category High AAIEX % Rank Quintile
Net Assets 3.16 B 988 K 331 B 7.94% 2
Number of Holdings 190 1 8471 13.90% 2
Net Assets in Top 10 547 M 515 K 33 B 8.94% 2
Weighting of Top 10 16.7% 3.6% 359.5% 20.57% 4

Top 10 Holdings

  1. Novartis AG 2.09%
  2. KDDI Corp 1.49%
  3. British American Tobacco PLC 2.04%
  4. Samsung Electronics Co Ltd 1.54%
  5. Royal Dutch Shell PLC B 1.51%
  6. SAP SE 1.57%
  7. Prudential PLC 1.75%
  8. Volkswagen AG 1.84%
  9. BP PLC 1.49%
  10. Barclays PLC 1.37%

Asset Allocation

Weighting Category Low Category High AAIEX % Rank Quintile
Stocks
93.29% 0.47% 114.84% 24.26% 4
Cash
4.53% -161.71% 25.94% 5.39% 1
Other
2.17% -2.04% 105.35% 8.23% 2
Preferred Stocks
0.00% 0.00% 3.38% 6.67% 5
Convertible Bonds
0.00% 0.00% 0.50% 1.28% 5
Bonds
0.00% 0.00% 155.88% 5.67% 5

Stock Sector Breakdown

Weighting Category Low Category High AAIEX % Rank Quintile
Financial Services
17.02% 0.00% 36.51% 21.99% 4
Industrials
13.30% 0.00% 28.12% 11.77% 2
Healthcare
10.10% 0.00% 24.99% 8.51% 1
Consumer Cyclical
9.59% 0.00% 36.45% 24.11% 4
Consumer Defense
7.52% 0.00% 31.18% 23.40% 4
Basic Materials
7.49% 0.00% 23.42% 16.60% 3
Energy
7.42% 0.00% 15.93% 3.55% 1
Communication Services
6.60% 0.00% 23.41% 4.11% 1
Technology
5.90% 0.00% 28.76% 27.52% 5
Real Estate
1.94% 0.00% 8.01% 16.88% 3
Utilities
1.63% 0.00% 15.86% 17.59% 3

Stock Geographic Breakdown

Weighting Category Low Category High AAIEX % Rank Quintile
Non US
89.42% 0.00% 103.25% 23.26% 4
US
3.87% 0.00% 100.79% 10.92% 2

AAIEX - Expenses

Operational Fees

AAIEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.73% 0.00% 9.78% 30.50% 1
Management Fee 0.62% 0.00% 1.34% 5.25% 2
12b-1 Fee 0.00% 0.00% 1.00% 5.01% 1
Administrative Fee 0.30% 0.01% 0.50% 1.36% 5

Sales Fees

AAIEX Fees (% of AUM) Category Low Category High AAIEX Rank Quintile
Front Load N/A 0.10% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

AAIEX Fees (% of AUM) Category Low Category High AAIEX Rank Quintile
Max Redemption Fee N/A 0.10% 2.00% N/A N/A

Turnover 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 Low Category High AAIEX Rank Quintile
Turnover 32.00% 0.00% 733.00% 13.33% 2

AAIEX - Distributions

Dividend Yield Analysis

AAIEX Category Low Category High AAIEX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.51% 24.87% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AAIEX Category Low Category High AAIEX % Rank Quintile
Net Income Ratio 2.01% -0.92% 5.86% 12.20% 2

Capital Gain Distribution Analysis

AAIEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AAIEX - Managers

Jonathan P. Eng

Manager

Start Date

Jan 31, 2006

Tenure

11.92

Tenure Rank

3.0%

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. From 1993 to 1995, Mr. Eng analyzed merger and acquisition candidates at Slusser Associates. From 1990 to 1993, Mr. Eng worked as a middle market corporate lender for Bank of Boston. Education Mr. Eng has a BA in History and Economics from Brandeis University and an MBA from the Anderson Graduate School of Management at UCLA.


Kirk L. Brown

Manager

Start Date

Feb 28, 1994

Tenure

23.85

Tenure Rank

0.2%

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 G. Fry

Manager

Start Date

Nov 30, 2005

Tenure

12.09

Tenure Rank

2.9%

Michael G. Fry is a Managing Director and Portfolio Manager/Analyst on various international equity teams. From 1995 to 2005, Mr. Fry held several positions at UBS Global Asset Management, including Lead Portfolio Manager and Head of Global Equity Portfolio Management, Global Head of Equity Research and Head of Australian Equities. He joined Lazard in 2005 and has worked in the investment field since 1981. He has co-managed Lazard's portion of the Fund since November 2005.


Kevin J. Matthews

Manager

Start Date

May 31, 2013

Tenure

4.59

Tenure Rank

9.0%

Kevin Matthews, CFA is a Portfolio Manager/Analyst on the International Equity and International Equity Select teams. Prior to joining the investment teams, he was a Research Analyst with a background in financials, 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.


Conor S. Muldoon

Manager

Start Date

Dec 31, 2010

Tenure

7.01

Tenure Rank

6.5%

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. He was responsible for communicating current information on the financial markets, the economy and investment performance. Education Mr. Muldoon has a BSc and an MA from the University of Dublin, Trinity College and an MBA, with high honors, from the University of Chicago. Mr. Muldoon was inducted into the Beta Gamma Sigma honors society and is also a CFA charterholder.


John R. Reinsberg

Manager

Start Date

Mar 31, 1999

Tenure

18.77

Tenure Rank

0.7%

John Reinsberg is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's international and global strategies. He is also a Portfolio Manager/Analyst on the Global Equity and International Equity portfolio teams. He began working in the investment field in 1981. Prior to joining Lazard in 1992, John was Executive Vice President with General Electric Investment Corporation and Trustee of the General Electric Pension Trust.


Antonio T. Docal

Manager

Start Date

Jun 21, 2012

Tenure

5.53

Tenure Rank

7.9%

Antonio T. Docal, CFA Executive Vice President/Portfolio Manager - Research Analyst of Investment Counsel and portfolio manager of the Fund since inception (2008). Antonio T. Docal joined the Templeton organization in 2001. Mr. Docal has research responsibility for the global chemical and automobile industries. Prior to joining Templeton, Mr. Docal was vice president and director at Evergreen Funds in Boston, managing the Evergreen Latin America Fund and co-managing the Evergreen Emerging Market Fund and the Evergreen Global Opportunities Fund. Before this position, he was principal and co-founder of Docal Associates, Inc., an import/export and marketing consulting firm in Connecticut. Prior to that, he was an assistant treasurer in the mergers and acquisitions department at JPMorgan in New York City. Mr. Docal earned a B.A. in economics from Trinity College in Connecticut and an M.B.A. with concentrations in finance and international management from the Sloan School of Management at the Massachusetts Institute of Technology. Mr. Docal is a Chartered Financial Analyst (CFA) Charterholder.


Michael A. Bennett

Manager

Start Date

May 31, 2003

Tenure

14.6

Tenure Rank

1.6%

Michael Bennett is a Managing Director of Lazard Asset Management and a Portfolio Manager/Analyst on various international equity teams. He also coordinates the activities of Lazard Asset Management's Investment Council. Michael began working in the investment field in 1986. Prior to joining Lazard in 1992, Michael was with G.E. Investment Corporation, Keith Lippert Associates and became a CPA while at Arthur Andersen. He has an MBA from University of Chicago and a BS in Accounting from New York University.


Michael Powers

Manager

Start Date

May 31, 2003

Tenure

14.6

Tenure Rank

1.6%

Michael S. Powers is a Managing Director of Lazard and a Portfolio Manager/Analyst on various international equity teams. He began working in the investment field in 1990 when he joined Lazard and has co-managed Lazard's portion of the Fund since May 2003.


Harry W. Hartford

Manager

Start Date

Aug 31, 2001

Tenure

16.35

Tenure Rank

1.2%

Harry Hartford is the President of Causeway Capital Management and serves as a portfolio manager responsible for the co-management of the portion of Nations International Equity Fund, managed by Causeway Capital Management. Mr. Hartford has served as portfolio manager and President since 2001. He is responsible for investment research in global basic materials and banks. From 1996 to 2001, Mr. Hartford was a Managing Director for the Hotchkis and Wiley division of MLIM, and co-head of the International and Global Value Team. Mr. Hartford has been in the investment community since 1984.


Sarah H. Ketterer

Manager

Start Date

Aug 31, 2001

Tenure

16.35

Tenure Rank

1.2%

Ms. Ketterer is the chief executive officer of Causeway, portfolio manager for the firm's fundamental and absolute returns strategies, and is responsible for investment research across all sectors. Ms. Ketterer is a member of Causeway's operating committee. She co-founded the firm in June 2001.


James A. Doyle

Manager

Start Date

Jan 31, 2006

Tenure

11.92

Tenure Rank

3.0%

Mr. Doyle is a director and a fundamental portfolio manager of Causeway and has been with the firm since June 2001. He is responsible for investment research in the global health care, information technology and telecommunication services sectors. PRIOR EXPERIENCE From 1997 to June 2001, Mr. Doyle worked for the Hotchkis and Wiley division of Merrill Lynch Investment Managers ("HW-MLIM") as a vice president and head of investment research for the HW-MLIM International and Global Value team. From 1996 to 1997, while a student at Wharton, Mr. Doyle was an equity research consultant for Morgan Stanley Asset Management, Inc. where he covered domestic and international property companies. From 1992 to 1995, he worked as a financial analyst at LaSalle Partners Limited, analyzing real estate investments for institutional clients. Education Mr. Doyle has a BA in Economics from Northwestern University and an MBA in Finance from the Wharton School, University of Pennsylvania.


Gene L. Needles

Manager

Start Date

Feb 29, 2012

Tenure

5.84

Tenure Rank

7.7%

Mr. Needles has served as President and Chief Executive Officer of American Beacon Advisors, Inc. since April 2009 and has served on the portfolio management team since May 2011. Prior to joining the firm, Mr. Needles was President of Touchstone Investments from 2008 to 2009, President of AIM Distributors from 2003 to 2007 and CEO of AIM Distributors from 2004 to 2007.


Foster Corwith

Manager

Start Date

Feb 27, 2015

Tenure

2.84

Tenure Rank

11.3%

Mr. Corwith is a director and fundamental portfolio manager of Causeway and is responsible for investment research in the global industrials and consumer sectors. He joined the firm in July 2006 and has been a portfolio manager since April 2013. PRIOR EXPERIENCE During the summer of 2005, Mr. Corwith was a research associate at Deutsche Asset Management. From 2003 to 2004, Mr. Corwith was a project manager in the Corporate Services group of The Bank of New York. From 2001 to 2003, Mr. Corwith was an analyst in Credit Suisse First Boston’s prime brokerage unit. From 2000 to 2001, Mr. Corwith was a management trainee at Donaldson Lufkin & Jenrette. Education Mr. Corwith has an MBA from the University of Chicago and a BA, cum laude, from Tufts University, and is a CFA charterholder.


Alessandro Valentini

Manager

Start Date

Feb 27, 2015

Tenure

2.84

Tenure Rank

11.3%

Mr. Valentini is a director and fundamental portfolio manager of Causeway and is responsible for investment research in the global health care and financials sectors. He joined the firm in July 2006 and has been a portfolio manager since April 2013. PRIOR EXPERIENCE During the summer of 2005, Mr. Valentini worked as a research analyst at Thornburg Investment Management, where he conducted fundamental research for the International Value Fund and the Value Fund, focusing on the European telecommunication and Canadian oil sectors. From 2000 to 2004, Mr. Valentini worked as a financial analyst at Goldman Sachs in the European Equities Research-Sales division in New York. Education Mr. Valentini has an MBA from Columbia Business School, with honors, an MA in Economics from Georgetown University and a BS, magna cum laude, from Georgetown University. Mr. Valentini was inducted into the Beta Gamma Sigma honors society, is a Phi Beta Kappa member, and is a CFA charterholder.


Ellen Lee

Manager

Start Date

Feb 27, 2015

Tenure

2.84

Tenure Rank

11.3%

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.


Peter A. Nori

Manager

Start Date

Dec 31, 2014

Tenure

3.0

Tenure Rank

11.0%

Mr. Nori, Executive Vice President and Portfolio Manager of Templeton Investment. He provides research and advice on the purchases and sales of individual securities, and portfolio risk assessment. Nori joined Franklin Templeton Investments in 1987. He holds the charted financial analyst designation.


Paul B. Cavazos

Manager

Start Date

Dec 31, 2016

Tenure

1.0

Tenure Rank

13.5%

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.


Matthew R. Nagle

Manager

Start Date

Jan 01, 2018

Tenure

0.0

Tenure Rank

14.7%

MATTHEW R. NAGLE, CFA, CPA Senior Vice President Portfolio Manager, Research Analyst Templeton Global Equity Group Templeton Global Advisors Limited Fort Lauderdale, Florida, United States Matthew R. Nagle is a senior vice president, portfolio manager and research analyst in the Templeton Global Equity Group, responsible for managing institutional portfolios. He also has global research responsibilities for the US banks sector, electronic manufacturing services and component manufacturer companies and provides country research coverage of Denmark, Finland, Norway and Sweden. Prior to joining Franklin Templeton in 2003, Mr. Nagle was an associate sell-side analyst for Sanford C. Bernstein & Co., a research associate with ABN AMRO, and an auditor for financial services companies at Coopers & Lybrand. He entered the financial services industry in 1998. Mr. Nagle holds a B.B.A. in accounting from Siena College and an M.B.A. in finance from New York University. He is a Chartered Financial Analyst (CFA) Charterholder and a Certified Public Accountant (CPA).


Tenure Analysis

Category Low

0.0

Category High

26.0

Category Average

6.45

Category Mode

3.0