Investment Objective
The Fund’s investment objective is long-term capital appreciation.
A DISCIPLINED APPROACH TO ACTIVELY HARNESSING THE MOMENTUM PREMIUM
EAM’s investment process aims to generate outperformance by harnessing the power of the momentum premium, exploiting behavioral biases around change (such as shifting investor expectations/valuation), identifying companies with improving or accelerating financial performance, and constantly addressing portfolio risk. Their systematic approach to discovering ideas, focused analysis, timely decision making and efficient implementation supports their effort to maximize outperformance and achieve consistent results.
Firm inception: 2009
Portfolio manager:
- Joshua Moss; industry since 1999
- John Scripp; industry since 2007
INVESTMENT STRATEGY
- Deploy systematic daily process using momentum signals to identify small capitalization, non-U.S. equities exhibiting dynamic change.
- Conduct focused analysis on candidate companies to identify drivers of change that are mispriced by the market.
- Consistently refresh the portfolio in a disciplined manner to avoid stale momentum.
- Execute through a skilled trading team to minimize implementation costs.
- Employ portfolio risk management through qualitative and quantitative processes.
Total Fund Assets
$167.1 Million
Sub-Advisor (%)
EAM Global Investors LLC |
100% |
COUNTRY Weightings (%)
Japan |
19.3
|
Germany |
16.6
|
France |
15.6
|
United Kingdom |
14.2
|
Switzerland |
7.5
|
Mexico |
3.6
|
Spain |
3.5
|
South Korea |
2.8
|
Ireland |
2.5
|
Belgium |
2.4
|
Portfolio Statistics
Forward Price-to-Earnings Ratio (P/E) | 12.60 |
Price-to-Book Ratio (P/B) | 1.30 |
1-Year ROE | 13.90 |
Weighted Avg. Market Cap ($ bil) | 98.80 |
3-YEAR RISK Summary
R2 | 0.94 |
Alpha | -2.02 |
Beta | 0.95 |
Sharpe Ratio | -0.23 |
Standard Deviation | 18.74 |
Top 10 Holdings (%)
Sanofi |
3.1
|
Novartis AG |
3.1
|
Diageo PLC |
3.1
|
FANUC Corp. |
3.0
|
Asahi Group Holdings Ltd. |
2.9
|
Samsung Electronics Co. Ltd. |
2.9
|
Henkel AG & Co. KGaA |
2.7
|
EssilorLuxottica SA |
2.5
|
BP PLC |
2.5
|
Bureau Veritas SA |
2.5
|
Total Fund Holdings |
53
|
+Prior to January 21, 2023, the Fund was named American Beacon Tocqueville International Value Fund. For more information, please refer to the Fund’s prospectus: click here.
American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon EAM International Small Cap Fund are service marks of American Beacon Advisors, Inc.