American Beacon Large Cap Value Fund

Fund information as of June 30, 2008
Fund Overview
Total Fund Assets: $8.4 Billion
  Institutional Class   PlanAhead Class®   Service Class
           
Inception Date 7/17/87   8/1/94   5/31/05
Class Assets $2.7 Billion   $4.9 Billion   $97.7 Million
Fund NAV $20.05   $19.10   $18.98
CUSIP 02368A208   02368A810   02368A356
Trading Symbol AADEX   AAGPX   AVASX
Investment Minimum $2 Million   $2,500   $2,500
 
Fund Classes
 
Institutional Class shares are for those who make the decisions about where your company's pension funds or corporate cash will be invested or for others with at least $2 million to invest.
PlanAhead Class shares are offered to individual investors, retirement accounts, plan sponsors, discount brokers or other organizations.
Service Class shares are offered to all investors who invest through intermediary organizations, such as broker-dealers or third party administrators.
 
Investment Sub-Advisors
 
Barrow, Hanley, Mewhinney & Strauss, Inc. 31.2%
Metropolitan West Capital Management, LLC 31.2%
Brandywine Global Investment Management, LLC 30.6%
Hotchkis and Wiley Capital Management, LLC 7.0%
 
Expense Ratios
 
  Institutional Class   PlanAhead Class   Service Class
           
Gross Expense Ratio 0.60%   0.84%   1.08%
Net Expense Ratio1 0.59%   0.83%   N/A
           
1The net expense ratio is net of acquired fund fees and expenses that the Fund incurred indirectly as a result of investment in certain pooled investment vehicles.
 
Investment Objective

A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in large market capitalization U.S. stocks.
 
Investment Style

The Fund's sub-advisors pursue a value style of investing. They select stocks that, in their opinion, have above-average earnings growth potential and are also selling at a discount to the market. To determine a company's growth prospects, each of the Fund's sub-advisors uses proprietary methods based upon a combination of internal and external research and analysis of changing economic trends. The value determination is based on each company's financial profile, including price-to-earnings ratio, price-to-book value ratio, assets carried below market value, financial strength, dividend yield, and growth expectations.

The Fund's assets are invested primarily in equity securities of large market capitalization U.S. companies. These companies generally have market capitalizations similar to the market capitalization of the companies in the Russell1000® Index. These may consist of common and preferred stocks, convertible securities, U.S. dollar-denominated American Depositary Receipts, and U.S. dollar-denominated foreign stocks traded on U.S. exchanges.
 
Large Cap Value Fund Total Returns as of 6/30/2008
                         
 
QTR		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*		  
                         
Institutional Class -4.84   -14.57   -18.24   3.80   10.53   5.12  
PlanAhead Class -4.88   -14.69   -18.44   3.53   10.25   4.84  
Service Class -4.96   -14.81   -18.65   3.27   10.07   4.75  
                         
Lipper Index** -3.40   -12.62   -16.53   3.84   7.81   3.44  
Russell 1000® Value Index *** -5.32   -13.57   -18.78   3.53   8.92   4.91  
 

Performance shown is historical and may not be indicative of future returns. Investment returns and principal value will vary, shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted. To obtain performance as of the most recent month end, click here.
 
Lipper Rankings as of 6/30/2008
 
Category: Large-Cap Value Funds
  1 YR   3 YR   5 YR   10 YR
# of funds in category 551   478   392   166
               
Institutional Class 331   203   45   32
PlanAhead Class 339   228   55   46
Service Class 344   254   N/A   N/A
 
Lipper Quartile
Institutional Class 3rd   2nd   1st   1st
PlanAhead Class 3rd   2nd   1st   2nd
Service Class 3rd   3rd   N/A   N/A
 
Lipper is an independent rating service that ranks mutual funds in various categories by making comparative calculations using total returns.
 
Equity Sector Weightings
     
 
Fund		  
Financials 18.9  
Industrials 14.2  
Consumer Staples 12.3  
Energy 11.6  
Health Care 11.0  
Information Technology 9.9  
Consumer Discretionary 7.5  
Utilities 6.4  
Telecommunication Services 5.0  
Materials 3.2  
 
Asset Allocation
   
Equity 93.4
Equitized Cash 6.6
 
Portfolio Statistics
     

Equity
Fund		  
Price/Earnings Ratio 11.6  
Price/Book Ratio 2.8  
Wtd. Avg. Mkt. Cap ($ bil) 64.6  
   
3-Year Risk Summary Fund
R2 0.96
Alpha 0.02
Beta 1.00
Sharpe Ratio -0.04
Standard Deviation 10.92
 
Top Ten Holdings (%)
PDF View Holdings
 
ConocoPhillips 4.2
International Business Machines Corp. 3.1
AT&T, Inc. 2.0
Dominion Resources, Inc. 1.8
Occidental Petroleum Corp. 1.8
UST, Inc. 1.8
JPMorgan Chase & Co. 1.7
Baxter International, Inc. 1.7
Devon Energy Corp. 1.6
Verizon Communications, Inc. 1.5
 
Total Fund Holdings: 142

You should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other information is available in the Fund's prospectus. Please read the prospectus carefully before investing.

* Annualized.
** Lipper Large-Cap Value Funds. The Lipper Large-Cap Value Funds Index tracks the results of the 30 largest mutual funds in the Lipper Large-Cap Value Funds category. Lipper is an independent mutual fund research and ranking service.
***The Russell 1000® Value Index is an unmanaged index of those stocks in the Russell 1000 Index with lower price-to-book ratios and lower forecasted growth values. Russell 1000 and Russell 1000 Value Indexes are registered trademarks of Frank Russell Company.

Performance shown prior to the 5/31/05 inception of the Service Class is that of the PlanAhead Class. The returns have not been adjusted for any difference between the fees and expenses of the Service Class and the historical fees and expenses of the PlanAhead Class. Because the PlanAhead Class had lower expenses, its performance was better than the Service Class would have realized during the same period. A portion of the fees charged to the Service Class of the Fund was waived in 2005. Performance prior to waiving fees was lower than the actual returns shown for 2005.

Distributed by Foreside Fund Services, LLC.