American Beacon Money Market Fund

Fund information as of July 31, 2008
Fund Overview
Total Portfolio Assets1: $12.8 Billion
  Institutional Class   Cash
Management Class 		  PlanAhead Class®
           
Inception Date 9/1/87   12/1/01   8/1/94
Fund NAV $1.00   $1.00   $1.00
CUSIP 02368A505   02368A463   02368A778
Trading Symbol AADXX   AAEXX   APAXX
Investment Minimum $2 Million   $10 Million   $2,500
1 American Beacon Master Money Market Portfolio
 
Fund Classes
 
Institutional Class shares are for those who make the decisions about where a company's pension funds or corporate cash will be invested or for others with at least $2 million to invest.
Cash Management Class shares are offered to institutional investors, including: agents or fiduciaries acting on behalf of their clients, endowment funds and charitable foundations, employee welfare plans, qualified pension and profit sharing plans, corporations, and other investors who meet the initial investment requirements.
PlanAhead Class shares are offered to individual investors, retirement accounts, plan sponsors, discount brokers or other organizations.
 
Investment Advisor
 
American Beacon Advisors, Inc. 100%
 
Order Deadlines2
 
Purchases - 4:00pm CT / 5:00pm ET  
Redemptions3- 4:00pm CT / 5:00pm ET  
2Or such other time as may be designated by the Fund
3 Orders placed by the deadline will generally be transmitted to shareholders on the same day
 
Expense Ratios
 
  Institutional Class   Cash
Management Class 		  PlanAhead Class
           
Gross Expense Ratio 0.23%   0.20%   0.48%
Net Expense Ratio 0.18% 1   0.15% 1   0.47% 2
           
1The net expense ratio is net of expense reimbursements that American Beacon Advisors has contractually agreed to maintain through February 28, 2009.
2The 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 Fund seeking current income, liquidity and the maintenance of a stable $1.00 net asset value per share through investments in high-quality, short-term obligations.

 
Investment Style

American Beacon Advisors, Inc. utilizes a top-down approach, analyzing macroeconomic data to anticipate economic momentum shifts, inflationary trends, the shape of the yield curve, and Federal Reserve policy. American Beacon Advisors, Inc. strives to increase returns by actively managing the duration and quality of the portfolio, consistent with historical relationships among economic growth, inflation and the direction of interest rates.

The Fund invests in high-quality, U.S. dollar-denominated, short-term obligations with minimal credit risk, as determined by American Beacon Advisors, Inc. The Fund invests in a broad range of instruments, including obligations of the U.S. Government, medium-term notes, certificates of deposit, bank notes, banker’s acceptances, commercial paper, and repurchase agreements. The dollar-weighted average maturity of the Fund will not exceed 90 days.
 
Money Market Fund Total Returns as of 7/31/2008
                               
 
1 Mo.		  
3 Mo.		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*		  
Since Inception*
                               
Institutional Class 0.21   0.65   1.84   4.01   4.53   3.33   3.69   4.94
Cash Management Class 0.21   0.66   1.86   4.04   4.59   3.41   3.74   4.96
PlanAhead Class 0.19   0.57   1.67   3.70   4.24   3.05   3.40   4.73
                               
Lipper ** 0.19   0.57   1.68   3.73   4.28   3.09   3.48   4.72
 

Performance shown is historical and may not be indicative of future returns. Investment returns will vary, and 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.
Click here for up-to-date yield information or call (800) 967-9009. Performance as of the most recent month end is available here.
Term Sector Diversification (%)
     
Banking   57.4
Overnight Maturities/ Liquidity   32.9
Motor Vehicles   4.6
Trade Receivables   2.3
Personal Credit   4.2
Securities Broker/Dealers   0.9
 
Term Portfolio Composition (%)
 
 
CDs/Bank Notes 51.8
Overnight Maturities/ Liquidity 32.9
Commercial Paper 12.5
Asset-Backed Commercial Paper 1.5
Medium-Term Notes 1.3
 
PDF View All Holdings
 
Credit Quality (%)
 
     
A-1+/P-1   94.1
A-1/P-1   5.9
 
Portfolio Statistics
 
  7-Day
Current Yield*		 7-Day
Effective Yield*
Institutional Class 2.49% 2.52%
Cash Management Class 2.52% 2.55%
PlanAhead Class 2.20% 2.22%
 
Weighted Average Maturity   31 Days
S&P Rating   AAAm
NAIC Class 1 Approved    
     
 
* Annualized. Yield is a more accurate reflection of the Fund's current earnings than total return.
The 7-day yields refer to the income generated by an investment in the Fund over a 7-day period. This income is then annualized. The 7-day effective yield is calculated similarly, but the income earned is assumed to have been reinvested. The effective yield will be slightly higher than the current yield because of the compounding effect of this assumed reinvestment
 
Final Maturity Distribution (%)
     

 
1 to 7 Days   38.8
8 to 30 Days   21.4
31 to 90 Days   31.4
91 to 180 Days   8.4
181 + Days   0.0
 

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.
** The Lipper Institutional Money Market Funds Average is calculated by taking an arithmetic average of the returns of the mutual funds in the Lipper Institutional Money Market Funds category. Lipper is an independent mutual fund research and ranking service.

An investment in the American Beacon Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this Fund.

Performance shown prior to the 12/1/01 inception of the Cash Management Class is that of the Institutional Class. The returns have not been adjusted for any difference between the fees and expenses of the Cash Management Class and the historical fees and expenses of the Institutional Class. Because the Institutional Class had moderately higher expenses, its performance was slightly worse than the Cash Management Class would have realized during the same period. A portion of the fees charged to the Cash Management Class of the Fund has been waived. Performance prior to waiving fees for the Cash Management Class was lower than the actual returns shown. A portion of the fees charged to the Institutional Class of the Fund has been waived since 2006. Performance prior to waiving fees for the Institutional Class was lower than the actual returns shown for periods since 2006. PlanAhead Class is a registered service mark of American Beacon Advisors, Inc.

Distributed by Foreside Fund Services, LLC.