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American Beacon International Equity Fund

Portfolio information as of March 31, 2013
  • Summary
  • Performance
  • Overview

Investment Objective

A multi-manager Fund seeking long-term capital appreciation primarily through investments in equity securities of issuers based outside the U.S.

TEAM OF MANAGERS

The Fund is sub-advised by three complementary asset managers:

  • Causeway: Focuses on how cash can be passed along to shareholders through dividends or share buybacks.

  • Lazard: High-quality manager that typically owns better-known, larger-cap stocks.

  • Templeton: Invests long-term in out-of-favor areas, in companies that are unloved by investors for the wrong reasons.

VALUE-DRIVEN APPROACH

The Fund looks for undervalued securities in developed countries. Using bottom-up, fundamental analysis, the sub-advisors select securities that are attractively valued with improving growth prospects.

  • They look for companies with below-average price-to-earnings ratios and below-average price-to-book-value ratios.

  • They also seek companies with above-average dividend yields and above-average return on equity or earnings growth potential.

Sub-Advisors (%)

Lazard Asset Management LLC 33.6
Causeway Capital Management LLC 33.3
Templeton Investment Counsel, LLC 33.1

 


Fund Materials

*For investment professional use only. Login required.

Total Fund Assets

$1.6 Billion


The Fund may invest in futures contracts, which are a type of derivative investment. Investing in derivatives could result in losing more than the amount invested. Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards. The intrinsic value of stocks selected for the Fund may never be realized by the market, and the prices of value stocks may go down. While investing in value stocks may limit downside risk over time, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

American Beacon Funds and American Beacon International Equity Fund are service marks of American Beacon Advisors, Inc.

TOTAL RETURNS

Share Class Inception Date Prior Class Inception Date CUSIP Symbol NAV QTR YTD 1 Year 3 Year* 5 Year* 10 Year /
Since
Inception*
Institutional08/07/1991 02368A406AAIEX17.002.412.4111.175.150.0210.31
Investor08/01/1994 02368A794AAIPX16.862.312.3110.814.78-0.3110.01
Advisor05/01/2003Inv 8/1/9402368A422AAISX17.302.252.2510.584.57-0.569.72
Retirement05/01/2009Inv 8/1/94, Adv 5/1/0302368A216ABIRX18.132.202.2010.414.45-0.639.68
Y08/03/2009Instl 8/7/9102368A190ABEYX17.642.322.3211.075.03-0.0410.28
A (without max sales charge)05/17/2010Inv 8/1/94024524720AIEAX16.932.302.3010.584.63-0.409.96
A (with max sales charge)05/17/2010Inv 8/1/94024524720AIEAX16.93-3.59-3.594.212.59-1.579.31
C (without max sales charge)09/01/2010Inv 8/1/94024524464AILCX16.622.092.099.863.91-0.819.73
C (with max sales charge)09/01/2010Inv 8/1/94024524464AILCX16.621.091.098.863.91-0.819.73
BenchmarkQTRYTD1 Year3 Year*5 Year*10 Year /
Since
Inception*
Lipper International Funds Index 3.85 3.85 10.44 5.03 -0.12 10.23
MSCI EAFE Index 5.13 5.13 11.25 5.00 -0.89 9.69

 

Expense Ratios

Share ClassGrossNet1
Institutional 0.73 0.73
Investor 1.10 1.10
Advisor 1.32 1.25
Retirement 6.41 1.48
Y 0.81 0.81
A 1.30 1.26
C 2.13 2.00

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted.To obtain performance as of the most recent month end, click here.

1The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through February 28, 2014.

Important Information: Indexes are unmanaged and one cannot invest directly in an index.

For any Class of the Fund that began operating within the ten-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. A portion of the fees charged to the Advisor Class of the Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown. Class C shares may be subject to a contingent deferred sales charge of up to 1% on certain redemptions made within 12 months of purchase. Performance presented at NAV, which does not include these sales charges, would be lower if these charges were reflected. Specific information about any Fund may be found at americanbeaconfunds.com or in the prospectus.

*Annualized.

The Lipper International Funds Index tracks the results of the 30 largest mutual funds in the Lipper International Funds category. Lipper is an independent mutual fund research and ranking service.

The MSCI EAFE Index is a market capitalization weighted Index of international stock performance composed of equities from developed markets excluding the U.S. and Canada.


Sector Weightings (%)

Financials 19.5
Industrials 13.7
Consumer Discretionary 12.7
Health Care 11.7
Energy 10.5
Materials 10.3
Consumer Staples 7.7
Information Technology 6.4
Telecommunication Services 6.2
Utilities 1.4

*May not equal 100% due to rounding.

Portfolio Statistics

 Fund
Price-to-Earnings Ratio (P/E) 11.5
Price-to-Book Ratio (P/B) 1.7
Weighted Average Market Cap ($) 54,797,599,666

3-Year Risk Summary

 Fund
R2 0.98
Alpha -0.09
Beta 1.05
Sharpe Ratio 0.25
Standard Deviation 20.58

Top 10 Holdings (%)

Sanofi 2.6
Novartis AG Reg 2.5
Royal Dutch Shell PLC 2.1
Bayer AG Reg 2.0
BNP Paribas 1.6
Akzo Nobel 1.6
British American Tobacco plc 1.6
Tesco plc 1.5
Toyota Motor Corp. 1.5
SAP AG 1.4
Total Fund Holdings: 159

Asset Allocation (%)

Equity 94.7
Cash Equivalent 5.3

The Fund may purchase and sell futures contracts to gain market exposure on cash balances.

Market Capitalization (%)

$0 to $2 billion 0.55
$2 billion to $10 billion 20.64
$10 billion to $25 billion 19.33
$25 billion+ 59.47

The P/E Ratio of a stock is calculated by dividing the current price by forecasted twelve-month earnings per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per share. R-squared (R2) is the percentage of the Fund’s three-year return that is explained by movements in its benchmark index. Alpha is a measure of the Fund’s expected performance versus the benchmark, adjusted for relative risk. Beta is a measure of the Fund’s volatility versus the benchmark. Sharpe Ratio is a measure of the Fund’s return per unit of total risk. Standard Deviation is a measure of the historical volatility of the Fund’s returns.

American Beacon Funds and American Beacon International Equity Fund are service marks of American Beacon Advisors, Inc.