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American Beacon TOCQUEVILLE INTERNATIONAL VALUE Fund

Portfolio information as of March 31, 2019
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is long-term capital appreciation.

CONTRARIAN AND
VALUE-ORIENTED APPROACH

Actively managed and historically generating high active share, this low-turnover, contrarian and value-oriented approach invests across the capitalization spectrum. The Fund seeks securities that are depressed in price, out of favor with investors and trading at a substantial discount to intrinsic value. Tocqueville emphasizes free cash flow generation, balance sheet quality and the fundamental strength of a business franchise as attributes to identify the most attractive risk/reward proposition across all market capitalizations.

Firm inception: 1985

Portfolio manager:

  • James Hunt; industry since 1984

INVESTMENT STRATEGY

  • Employ bottom-up, fundamental security analysis to select primarily non-U.S. equities
  • Seek securities that are depressed in price, out of favor with investors and trading at a substantial discount to intrinsic value
  • Identify the most attractive risk/reward propositions across all market capitalizations
  • Target holdings with potential for significant upside over three years with limited downside risk
  • Employ portfolio risk management through qualitative and quantitative processes

Total Fund Assets

$834.1 Million  

Sub-Advisor (%)

Tocqueville Asset Management LP 100%

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Investing in foreign securities including emerging markets may involve heightened risk due to currency fluctuations and economic and political risks. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund participates in a securities lending program. 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.

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Tocqueville International Value Fund are service marks of American Beacon Advisors, Inc.