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AAISX American Beacon International Eq Adv

  • Fund
  • AAISX
  • Price as of: Jul 20, 2018
  • $20.68
  • + $0.16
  • + 0.78%
  • Category
  • Foreign Large Cap Blend Equities

AAISX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $3.09 B
  • Holdings in Top 10 16.8%

52 WEEK LOW AND HIGH

$20.68
$19.99
$22.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

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)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
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 May 01, 2003
  • Shares Outstanding N/A
  • Share Class Adv
  • 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.

AAISX - Performance

Return Ranking - Trailing

Period AAISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -67.1% 22.9% 54.09% 3
1 Yr 6.1% -25.1% 35.6% 55.76% 3
3 Yr 3.1% * -6.1% 13.6% 70.58% 4
5 Yr 5.4% * -10.0% 10.6% 67.15% 4
10 Yr 2.9% * -5.5% 9.2% 38.31% 2

* Annualized


Return Ranking - Calendar

Period AAISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 20.9% -9.2% 37.4% 60.39% 4
2016 -2.1% -16.1% 238.9% 49.17% 3
2015 -4.2% -29.1% 21.2% 60.06% 4
2014 -9.7% -27.8% 24.9% 73.30% 4
2013 22.3% -100.0% 36.9% 12.94% 1

Total Return Ranking - Trailing

Period AAISX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.5% -100.0% 22.9% 54.23% 3
1 Yr 6.1% -17.4% 98.5% 47.15% 3
3 Yr 3.1% * -7.3% 24.3% 62.20% 4
5 Yr 5.4% * -10.0% 10.6% 61.56% 4
10 Yr 2.9% * -5.5% 9.2% 35.82% 2

* Annualized


Total Return Ranking - Calendar

Period AAISX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 20.9% -8.9% 37.4% 60.39% 4
2016 -2.1% -16.1% 238.9% 55.69% 4
2015 -2.2% -29.1% 25.7% 60.22% 4
2014 -7.8% -16.2% 27.3% 83.66% 5
2013 25.5% -100.0% 43.5% 20.45% 2

NAV & Total Return History

AAISX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

AAISX Category Low Category High AAISX % Rank Quintile
Net Assets 3.09 B 988 K 343 B 8.09% 2
Number of Holdings 188 1 8939 15.04% 3
Net Assets in Top 10 550 M -336 M 31 B 9.79% 2
Weighting of Top 10 16.8% 3.6% 440.4% 22.13% 4

Top 10 Holdings

  1. Novartis AG 2.21%
  2. British American Tobacco PLC 1.87%
  3. Samsung Electronics Co Ltd 1.54%
  4. Royal Dutch Shell PLC B 1.59%
  5. SAP SE 1.45%
  6. Prudential PLC 1.90%
  7. Volkswagen AG Participating Preferred 1.51%
  8. BP PLC 1.94%
  9. Barclays PLC 1.37%
  10. KDDI Corp 1.40%

Asset Allocation

Weighting Category Low Category High AAISX % Rank Quintile
Stocks
95.17% 0.47% 114.84% 23.69% 4
Cash
3.97% -161.71% 24.63% 8.94% 2
Other
0.86% -1.76% 105.35% 12.34% 2
Preferred Stocks
0.00% 0.00% 3.38% 5.53% 5
Convertible Bonds
0.00% 0.00% 1.16% 2.84% 5
Bonds
0.00% 0.00% 155.88% 6.24% 5

Stock Sector Breakdown

Weighting Category Low Category High AAISX % Rank Quintile
Financial Services
16.95% 0.00% 36.51% 22.70% 4
Industrials
13.65% 0.00% 28.12% 9.22% 2
Healthcare
11.91% 0.00% 25.44% 5.11% 1
Basic Materials
9.00% 0.00% 24.53% 9.08% 2
Consumer Cyclical
8.57% 0.02% 28.98% 27.09% 5
Energy
8.32% 0.00% 17.97% 3.12% 1
Consumer Defense
7.40% 0.00% 33.59% 24.96% 4
Communication Services
6.07% 0.00% 23.45% 4.96% 1
Technology
5.85% 0.00% 28.76% 27.38% 5
Utilities
2.13% 0.00% 15.86% 14.04% 3
Real Estate
1.74% 0.00% 8.27% 17.87% 3

Stock Geographic Breakdown

Weighting Category Low Category High AAISX % Rank Quintile
Non US
91.33% 0.00% 119.18% 22.55% 4
US
3.84% -16.31% 100.79% 12.20% 2

AAISX - Expenses

Operational Fees

AAISX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.20% 0.00% 9.78% 24.01% 3
Management Fee 0.62% 0.00% 1.34% 5.67% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.64% 3
Administrative Fee 0.30% 0.01% 0.50% 1.36% 5

Sales Fees

AAISX Fees (% of AUM) Category Low Category High AAISX 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

AAISX Fees (% of AUM) Category Low Category High AAISX 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.

AAISX Fees (% of AUM) Category Low Category High AAISX Rank Quintile
Turnover 32.00% 1.56% 733.00% 13.90% 2

AAISX - Distributions

Dividend Yield Analysis

AAISX Category Low Category High AAISX % Rank Quintile
Dividend Yield 0.3% 0.00% 2.51% 32.18% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AAISX Category Low Category High AAISX % Rank Quintile
Net Income Ratio 1.51% -0.92% 5.71% 17.76% 3

Capital Gain Distribution Analysis

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

AAISX - Managers

Jonathan P. Eng

Manager

Start Date

Jan 31, 2006

Tenure

12.42

Tenure Rank

2.7%

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

24.35

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

12.59

Tenure Rank

2.5%

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

5.08

Tenure Rank

8.4%

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.


Conor S. Muldoon

Manager

Start Date

Dec 31, 2010

Tenure

7.5

Tenure Rank

6.1%

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

19.26

Tenure Rank

0.6%

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

6.03

Tenure Rank

7.3%

Antonio Docal is the President of Templeton Investment Counsel, LLC and the Director of Portfolio Management for the Templeton Global Equity Group (TGEG). Mr. Docal has lead portfolio manager responsibilities for the TIF-International Equity Series and portfolio management responsibility for a number of other institutional commingled funds and separate account relationships. He also oversees the institutional segment of TGEG's global investment management business. Mr. Docal has research responsibility for the U.S. and previously served as the Deputy Director of Research, and in the past has covered various global sectors. Prior to joining Franklin Templeton in 2001, Mr. Docal was a vice president and director at Evergreen Funds, a principal and co-founder of Docal Associates, and an assistant treasurer in the mergers and acquisitions department at JPMorgan. He entered the financial services industry in 1979. Mr. Docal holds 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. He is a Chartered Financial Analyst (CFA) charterholder.


Michael A. Bennett

Manager

Start Date

May 31, 2003

Tenure

15.09

Tenure Rank

1.6%

Michael Bennett is a Managing Director of Lazard and a portfolio manager for various of Lazard's international and global equity teams. He began working in the investment field in 1987. Prior to joining Lazard in 1992, Mr. Bennett served as an international equity analyst with General Electric Investment Corporation. Previously he was with Keith Lippert Associates and Arthur Andersen & Company. 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

15.09

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

16.84

Tenure Rank

1.1%

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

16.84

Tenure Rank

1.1%

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

12.42

Tenure Rank

2.7%

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

6.34

Tenure Rank

7.0%

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

3.34

Tenure Rank

10.5%

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

3.34

Tenure Rank

10.5%

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

3.34

Tenure Rank

10.5%

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.


Peter A. Nori

Manager

Start Date

Dec 31, 2014

Tenure

3.5

Tenure Rank

10.1%

Peter A. Nori is an executive vice president and portfolio manager for the Templeton Global Equity Group with research responsibility for the global semiconductor and semiconductor equipment sectors and is the information technology sector team leader. In addition, he manages several institutional and sub-advised portfolios and is the lead portfolio manager of the TIF Global Equity Series. After joining Franklin Templeton in 1987 as a shareholder services representative, Mr. Nori entered the management training program. He later joined the Franklin Research Department as an equity analyst and a co-portfolio manager of Franklin Convertible Securities Fund. After joining Templeton's Global Equity Research Team in 1994, he specialized in small-capitalization securities on a global basis. Mr. Nori's large- capitalization research responsibilities have included industries within the consumer discretionary, health care, metals and technology sectors as well as country coverage in Latin America and Europe. He entered the financial services industry in 1987. Mr. Nori holds a B.S. in finance and an M.B.A., with an emphasis in finance, from the University of San Francisco. He is a Chartered Financial Analyst (CFA) charterholder and a member of CFA Institute.


Paul B. Cavazos

Manager

Start Date

Dec 31, 2016

Tenure

1.5

Tenure Rank

13.0%

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

0.49

Tenure Rank

14.4%

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).


Mark M. Michel

Manager

Start Date

Mar 16, 2018

Tenure

0.29

Tenure Rank

14.7%

Mark M. Michel has served on the asset management team since February 2016 and is a CFA® charterholder. Prior to joining American Beacon Advisors, Inc., Mr. Michel worked at JPMorgan as a senior portfolio analyst from 2013 to 2016.


Tenure Analysis

Category Low

0.0

Category High

26.5

Category Average

6.66

Category Mode

3.5