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American Beacon International Equity Fund

Portfolio information as of March 31, 2024
  • 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.


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.


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

$895.5 Million  

Sub-Advisors (%)

American Century Investment Management, Inc. 33.9
Lazard Asset Management LLC 33.1
Causeway Capital Management LLC 33.0

Investing in foreign securities 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. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Financial sector companies are heavily regulated and particularly sensitive to interest rate fluctuations. The Fund’s incorporation of environmental, social and/or governance (ESG) considerations in its investment strategy may cause it to underperform funds that do not incorporate these considerations. 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 International Equity Fund are service marks of American Beacon Advisors, Inc.