Fund Evaluator:

American Beacon International Eq Inv Overview

American Beacon International Eq Inv (AAIPX) is an actively managed International Equity Foreign Large Value fund. American Beacon launched the fund in 1994.

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks and securities convertible into common stocks (collectively, "stocks") of issuers based in at least three different countries located outside the United States. It primarily invests in countries comprising the MSCI® EAFE Index. The MSCI EAFE Index is designed to represent the performance of large- and mid-capitalization securities across 21 developed markets countries, including countries in Europe, Australasia and the Far East, and excluding the U.S. and Canada.

About American Beacon International Eq Inv (AAIPX)

There are 20 members of the management team with an average tenure of 12.77 years: Jonathan Eng (2006), Kirk Brown (1994), Michael Fry (2005), Conor Muldoon (2010), Alessandro Valentini (2013), Ellen Lee (2015), Brian Cho (2021), Paul Selvey-Clinton (2022), Paul Cavazos (2016), Colin Hamer (2026), Steven Nguyen (2019), Jonathan Veiga (2020), Giles Edwards (2020), Robyn Serrano (2023), Bert Whitson (2023), Pablo Valcarce (2025), Michael Bennett (2003), Michael Powers (2003), Harry Hartford (2001), Sarah Ketterer (2001). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. American Beacon International Eq Inv has 169 securities in its portfolio. The top 10 holdings constitute 21.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Beacon International Eq Inv is part of the Equity global asset class and is within the International Equity fund group. American Beacon International Eq Inv has 94.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.6%. There is 94.3% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.6% (0.6% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Beacon International Eq Inv has 3.0% of the portfolio in cash.

Assets Under Management

The fund has $48 million in total assets, which is below the $951 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AAIPX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Beacon International Eq Inv expense ratio is high compared to funds in the Foreign Large Value category. American Beacon International Eq Inv has an expense ratio of 1.12%, which is 7% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Beacon International Eq Inv has a portfolio turnover rate of 49%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of June 2026, American Beacon International Eq Inv returned -0.4%, which earned it a grade of C, as the Foreign Large Value category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Beacon International Eq Inv has a trailing yield of 2.61%, which is below the 2.87% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Beacon International Eq Inv Grades

Year to date, the fund has returned 7.3%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 19.7% over the past year (grade of D), 16.2% over the past three years (grade of F) and 10.1% per year over the past five years (grade of D) and 8.7% per year over the past 10 years (grade of D).

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