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AAIEX American Beacon International Eq Instl

  • Fund
  • AAIEX
  • Price as of: Jun 25, 2019
  • $17.67 - $0.09 - 0.51%
  • Category
  • Foreign Large Cap Blend Equities

AAIEX - Profile

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return -3.3%
  • Net Assets $2.76 B
  • Holdings in Top 10 18.0%

52 WEEK LOW AND HIGH

$17.67
$15.51
$20.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.00%

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 11.1%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
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 Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Kirk L. 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 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 (%)
YTD 11.1% 1.2% 17.9% 73.54%
1 Yr -11.4% -45.2% 2.7% 77.00%
3 Yr 3.9%* -14.0% 30.8% 83.37%
5 Yr -3.3%* -13.1% 16.6% 88.02%
10 Yr 3.0%* -2.7% 11.7% 78.09%

* Annualized


Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
2018 -23.8% -50.1% 68.4% 84.02%
2017 21.0% -2.4% 37.4% 77.32%
2016 -2.2% -13.9% 18.8% 60.79%
2015 -4.1% -27.8% 7.2% 69.31%
2014 -9.5% -27.8% 75.2% 74.49%

Total Return Ranking - Trailing

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% 1.2% 18.2% 75.29%
1 Yr -2.8% -44.7% 4.3% 33.14%
3 Yr 9.2%* -11.4% 30.8% 37.03%
5 Yr 0.6%* -12.0% 17.0% 53.09%
10 Yr 6.6%* -1.8% 11.7% 32.30%

* Annualized


Total Return Ranking - Calendar

Period AAIEX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.4% -50.0% 68.4% 31.38%
2017 24.8% 8.9% 37.4% 58.38%
2016 0.3% -8.0% 18.8% 43.37%
2015 -1.8% -26.3% 8.4% 50.50%
2014 -7.0% -27.8% 96.0% 64.40%

NAV & Total Return History

AAIEX - Holdings

Concentration Analysis

AAIEX Category Low Category High AAIEX % Rank
Net Assets 2.76 B 1.56 M 372 B 30.93%
Number of Holdings 173 5 9123 40.86%
Net Assets in Top 10 556 M -104 M 32.8 B 33.46%
Weighting of Top 10 18.02% 4.2% 551.0% 64.40%

Top 10 Holdings

  1. Novartis AG 2.33%

  2. Volkswagen AG Participating Preferred 2.14%

  3. Prudential PLC 1.96%

  4. SAP SE 1.85%

  5. Samsung Electronics Co Ltd 1.74%

  6. Takeda Pharmaceutical Co Ltd 1.73%

  7. BNP Paribas 1.70%

  8. UniCredit SpA 1.53%

  9. Sumitomo Mitsui Financial Group Inc 1.53%

  10. BP PLC 1.50%


Asset Allocation

Weighting Return Low Return High AAIEX % Rank
Stocks
94.87% 28.05% 124.30% 78.60%
Cash
4.65% -133.56% 22.88% 15.56%
Other
0.47% -4.08% 20.28% 17.32%
Preferred Stocks
0.01% 0.00% 3.91% 10.51%
Convertible Bonds
0.00% 0.00% 4.50% 7.98%
Bonds
0.00% 0.00% 115.04% 12.26%

Stock Sector Breakdown

Weighting Return Low Return High AAIEX % Rank
Financial Services
19.15% 0.00% 28.62% 41.83%
Industrials
12.43% 0.00% 23.25% 40.08%
Consumer Cyclical
9.89% 0.01% 27.51% 73.35%
Healthcare
9.78% 0.00% 26.39% 47.67%
Energy
8.26% 0.00% 22.15% 15.37%
Basic Materials
7.27% 0.00% 25.82% 51.56%
Technology
6.73% 0.01% 26.73% 89.11%
Consumer Defense
6.59% 0.01% 32.90% 83.07%
Communication Services
6.29% 0.00% 14.37% 5.45%
Utilities
2.09% 0.00% 15.14% 51.95%
Real Estate
1.65% 0.00% 12.35% 62.84%

Stock Geographic Breakdown

Weighting Return Low Return High AAIEX % Rank
Non US
92.64% 0.00% 120.51% 60.51%
US
2.23% -0.04% 99.97% 60.70%

AAIEX - Expenses

Operational Fees

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.73% 0.00% 4.65% 81.87%
Management Fee 0.63% 0.00% 1.36% 35.21%
12b-1 Fee 0.00% 0.00% 1.00% 0.66%
Administrative Fee 0.30% 0.01% 0.50% 92.74%

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% 5.50% N/A

Trading Fees

AAIEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 156.00% 30.74%

AAIEX - Distributions

Dividend Yield Analysis

AAIEX Category Low Category High AAIEX % Rank
Dividend Yield 0.02% 0.00% 0.26% 27.63%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AAIEX Category Low Category High AAIEX % Rank
Net Income Ratio 2.17% -1.71% 3.47% 20.86%

Capital Gain Distribution Analysis

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

AAIEX - Managers

Kirk L. Brown

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 1994

25.27

25.3%

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.


John R. Reinsberg

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 1999

20.18

20.2%

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.


Harry W. Hartford

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2001

17.76

17.8%

Harry Hartford is the President of 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

Tenure

Tenure Rank

Aug 31, 2001

17.76

17.8%

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.


Michael Powers

Manager

Start Date

Tenure

Tenure Rank

May 31, 2003

16.01

16.0%

Michael Powers, a Managing Director of Lazard Asset Management, is a portfolio manager/analyst on various of Lazard Asset Management's International Equity teams. He began working in the investment field in 1990 when he joined Lazard Asset Management.


Michael A. Bennett

Manager

Start Date

Tenure

Tenure Rank

May 31, 2003

16.01

16.0%

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 G. Fry

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2005

13.51

13.5%

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 P. Eng

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2006

13.34

13.3%

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.


James A. Doyle

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2006

13.34

13.3%

James A. Doyle is a director of the Investment Adviser and is responsible for research in the global healthcare, information technology and telecommunication services sectors. He joined the firm in June 2001. Previously, Mr. Doyle was with HW-MLIM since 1997, where he was a vice president and the head of investment research for the International and Global Value Equity Team in Los Angeles. Mr. Doyle has a BA in Economics from Northwestern University and an MBA in Finance from the Wharton School, University of Pennsylvania.


Conor S. Muldoon

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2010

8.42

8.4%

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.


Tenure Analysis

Category Low

0.0

Category High

27.43

Category Average

7.14

Category Mode

1.41