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American Beacon Balanced Fund
Portfolio information as of
June 30, 2007
Investment
Advisors
American Beacon Advisors,
Inc. acts as the manager of the American Beacon Balanced Fund, and as
an investment advisor to the fixed income portion of the Fund. American
Beacon Advisors employs a carefully designed process to select professional
investment advisory firms for this multi-manager fund. American Beacon
Advisors evaluates the sub-advisors, monitors their performance and ensures
adherence to the Fund’s investment guidelines. The sub-advisors of
the Fund and their percentage of the Fund’s assets are:
Investment Style
The Fund's sub-advisors
have the flexibility to vary the proportion of stocks and bonds in the
Fund, typically investing between 50% and 70% of its total assets in equity
securities and between 30% and 50% of its total assets in debt securities.
For the Fund's stock
portion, the 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 bond portion
of the Fund is invested in investment grade debt securities, including
obligations of the U.S. Government, its agencies and instrumentalities;
corporate bonds, notes and debentures; mortgage-backed securities; domestic,
Yankeedollar and Eurodollar bank deposit notes; and certificates of deposit.
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Asset Allocation
| Equity |
60.1% |
| Fixed Income |
34.5% |
| Cash Equivalents |
5.4% |
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Equity Sector Weightings vs. S&P 500/Citigroup
Value Index(%)
| |
Fund |
S&P 500/
Citigroup Value |
| Financials |
28.9 |
30.9 |
| Industrials |
13.2 |
12.6 |
| Consumer
Discretionary |
12.1 |
9.5 |
| Information
Technology |
8.5 |
10.3 |
| Health Care |
8.4 |
7.0 |
| Energy |
7.6 |
6.5 |
| Utilities |
6.5 |
6.1 |
| Consumer
Staples |
6.1 |
5.0 |
| Telecommunication
Services |
4.7 |
7.4 |
| Materials |
4.0 |
4.7 |
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Bond Sector Weightings vs. LB Aggregate Index (%)
| |
Fund |
LB
Aggregate |
| U.S.
Treasury |
32.6 |
23.7 |
| Mortgage-Backed |
27.2 |
42.5
|
| Corporates |
20.1 |
22.2 |
| Agency |
18.5 |
10.6 |
| Asset-Backed |
1.6 |
1.0 |
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Portfolio Statistics
| Equity |
Fund |
S&P
500/
Citigroup Value |
| Price/Earnings
Ratio |
13.7 |
14.2 |
| Price/Book
Ratio |
3.5 |
3.1 |
| Wtd.
Avg. Mkt. Cap ($ bil) |
80.2 |
90.4 |
| Dividend
Yield |
2.2 |
2.3 |
| 5 yr. Earnings growth |
14.8 |
17.5 |
| |
|
|
| Fixed
Income |
|
LB
Aggregate |
| Average
Credit Quality |
Aaa |
Aaa |
| Weighted
Average Maturity (yrs)(w/cash) |
6.9 |
7.1 |
| Weighted
Average Duration (yrs)(w/cash) |
4.8 |
4.9 |
| Weighted
Average Coupon |
5.2 |
5.4 |
| Yield to Maturity |
5.5 |
5.7 |
|
|
|
| Fixed
Income Credit Quality |
|
|
| Aaa |
79.3% |
|
| Aa |
4.9% |
|
| A |
6.8% |
|
| Baa |
6.2% |
|
| Ba |
0.0% |
|
| Unrated |
2.8% |
|
|
|
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| 3
Year Risk Summary |
|
|
| R2 |
0.92 |
|
| Alpha |
0.02 |
|
| Beta |
1.10 |
|
| Sharpe
Ratio |
1.58 |
|
| Standard
Deviation |
4.96 |
|
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Top Ten Equity Holdings (%)
View
all holdings
|
Bank
of America Corp. |
1.8 |
|
ConocoPhillips |
1.8 |
| Citigroup, Inc. |
1.4 |
| AT&T, Inc. |
1.4 |
| JP Morgan
Chase & Co. |
1.3 |
| Exelon Corp. |
1.3 |
| Verizon Communications, Inc. |
1.1 |
| Honeywell International, Inc. |
1.1 |
| Altria
Group, Inc. |
1.0 |
| Pfizer, Inc. |
1.0 |
| Total
Fund Holdings: 369 |
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Click
here for Fund NAVs.
Click here to obtain a fund prospectus
or call (800) 388-3344.
Distributed
by Foreside Fund Services, LLC.
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