American Beacon International Equity Fund Class A (AIEAX) is an open-end mutual fund that seeks long-term capital appreciation primarily through investments in equity securities of non-U.S. issuers domiciled in developed markets; it employs a multi-manager, value-driven approach using bottom-up fundamental analysis to identify undervalued securities with improving growth prospects, attractive price-to-earnings and price-to-book ratios, above-average dividend yields, and strong return on equity or earnings growth potential. The Fund is sub-advised by three complementary managers—Lazard Asset Management LLC (approximately 33.6%), Causeway Capital Management LLC (33.5%), and American Century Investment Management, Inc. (32.9%)—which collectively manage a diversified portfolio emphasizing large-cap value stocks across sectors including industrials (20.2%), financials (18.0%), consumer discretionary (14.0%), and health care (12.7%), with top geographic exposures in the United Kingdom (28.2%), France (16.6%), and Japan (11.2%). Core offerings include Class A shares with a front-end load of 5.75%, a net expense ratio of 1.19%, and a minimum initial investment of $2,500, alongside related share classes such as R5 (AAIEX, inception August 7, 1991) providing varying fee structures and institutional access. The Fund, part of the American Beacon Funds complex managed by American Beacon Advisors, Inc., which traces its origins to 1986 and maintains headquarters in Irving, Texas, primarily targets U.S. investors seeking foreign large value exposure, benchmarked against the MSCI EAFE Index (Net) and MSCI EAFE Value Index (Net). Recent developments include sustained sub-advisor allocations as of September 30, 2025, with total net assets reaching approximately $599 million, robust year-to-date performance of 30.92% for AIEAX through December 2025, and the broader American Beacon organization's recognition as one of Pensions & Investments' Best Places to Work in Money Management for the seventh consecutive year in December 2025, alongside ongoing portfolio adjustments reflected in holdings like Samsung Electronics (3.4%) and Alstom SA (2.6%).