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.
- American Century: Invests with an absolute value, private-equity mindset, applying a margin of safety to mitigate downside risks.
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.
Total Fund Assets
$1.3 Billion
Sub-Advisors (%)
American Century Investment Management, Inc. |
33.4
|
Lazard Asset Management LLC |
33.4
|
Causeway Capital Management LLC |
33.2
|
On December 27, 2019, American Beacon Advisors announced the termination of Templeton Investment Counsel from their role managing assets of the Fund. Additionally, the Board of Trustees appointed American Century Investment Management as a new sub-advisor to the Fund, effective on or about January 15, 2020.