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American Beacon International Equity Fund

 

Portfolio information as of June 30, 2007

Investment Advisors

American Beacon Advisors, Inc. acts as the manager of the American Beacon International Equity Fund, serving as the leader of a team of premier investment advisory firms. American Beacon Advisors employs a carefully designed process to select professional investment advisory firms for this multi-manager Fund. American Beacon Advisors evaluates the sub-advisors, monitors their performance and ensures adherence to investment guidelines and styles. The sub-advisors of the Fund and their percentage of the Fund’s assets are:

Causeway Capital Management LLC 31.5%
Templeton Investment Counsel, LLC 27.0%
Lazard Asset Management LLC

24.2%

The Boston Company Asset Management, LLC 17.3%


Investment Style

The Fund's bottom-up, value driven process identifies stocks of companies with below average price-to-earnings ratios, below-average price-to-book value or price-to-cash-flow ratios, above-average dividend yields and, above-average return on equity or earnings growth potential. The Fund's sub-advisors select securities based upon a country's economic outlook, market valuation and potential changes in currency exchange rates.

To determine a company's growth prospects, each of the Fund's sub-advisors uses proprietary methods based upon a combination of internal and external research and analysis of changing economic trends. The Fund will primarily invest in contries comprising the Morgan Stanley Capital International Europe Australasia Far East Index (MSCI EAFE). American Beacon provides each sub-advisor with a limit of the maximum investment allowed in each country.

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Asset Allocation

Equity 97.0%
Equitized Cash 3.0%

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Equity Sector Weightings (%)

  Fund  
Financials 26.4  
Consumer Discretionary 14.3  
Industrials 11.9  
Energy 8.6  
Telecommunication Services 8.1  
Consumer Staples 7.8  
Health Care 7.7  
Materials 5.7  
Information Technology 5.4  
Utilities 4.1  
     

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Top Ten Country Weightings (%)

  Fund  
United Kingdom 23.8  
Japan 13.7  
France 12.6  
Germany 12.3  
Switzerland 7.1  
Netherlands 5.3  
Spain 3.0  
Hong Kong 2.9  
Italy 2.7  
South Korea * 2.5  
* not an EAFE country

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Portfolio Statistics

Equity Fund  
Price/Earnings Ratio 14.0  
Price/Book Ratio 2.9  
Wtd. Avg. Mkt. Cap ($bil) 67.6  
Dividend Yield (%) 2.7  
5 year Earnings Growth (%) 18.0  
     
3 Year Risk Summary    
R2 0.95  
Alpha 0.03  
Beta 0.94  
Sharpe Ratio 1.98  
Standard Deviation 8.97  

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Top Ten Equity Holdings (%)

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Siemens AG 2.6
Sanofi-Aventis 2.2
Vodafone Group plc 2.1
Deutsche Post AG 2.1
BP plc 2.0
GlaxoSmithKline plc 1.9
BAE Systems plc 1.7
Novartis AG 1.6
HSBC Holdings plc 1.6
Royal Dutch Shell plc 1.6
Total Fund Holdings: 195

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Click here for NAVs.

Click here to obtain a fund prospectus or call (800) 388-3344

Distributed by Foreside Fund Services, LLC

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