American Beacon Emerging Markets Fund

Fund information as of September 30, 2008
Fund Overview
Total Fund Assets: $120.7 Million
  Institutional Class   PlanAhead Class®    
           
Inception Date 7/31/00   10/1/02    
Class Assets $7.9 Million   $7.4 Million    
Fund NAV $12.46   $12.26    
CUSIP 02368A547   02368A448    
Trading Symbol AEMFX   AAEPX    
Investment Minimum $2 Million   $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.
 
Investment Sub-Advisors
 
The Boston Company Asset Management, LLC 51.5%
Morgan Stanley Investment Management Inc. 48.5%
 
Expense Ratio
 
  Institutional Class   PlanAhead Class    
           
Gross Expense Ratio 1.41%   1.77%    
           
 
 
Investment Objective

A multi-manager Fund seeking long-term capital appreciation primarily through investments in emerging market stocks.
Investment Style

The Fund’s sub-advisors pursue equity securities of issuers that are primarily listed on the trading market of an emerging market country; are headquartered in an emerging market country; or derive at least half of their revenues from operations in an emerging market country. The Fund’s investments may include common stocks, preferred stocks, securities convertible into common stocks, and depositary receipts. American Beacon provides each sub-advisor with a limit of the maximum investment allowed in each emerging market country. Within those guidelines, each sub-advisor makes stock selection decisions based on their economic, market and company analyses.
 
Emerging Markets Fund Total Returns as of 9/30/2008
                         
 
QTR		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		   Since
Inception*		  
                         
Institutional Class -23.28   -34.07   -31.74   7.60   17.45   10.42  
PlanAhead Class -23.33   -34.30   -32.05   7.25   17.11   10.18  
                         
Lipper Index** -25.45   -35.15   -32.04   7.59   18.22   10.38  
MSCI EAFE Index*** -26.95   -35.54   -33.20   8.37   18.67   10.49  
 

Performance shown is historical and may not be indicative of future returns. Investment returns and principal value 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. To obtain performance as of the most recent month end, click here.
 
Lipper Rankings as of 9/30/2008
 
Category: Emerging Markets Funds
  1 YR   3 YR   5 YR    
# of funds in category 293   204   173    
               
Institutional Class 88   109   93    
PlanAhead Class 92   124   104    

 
Lipper Quartile
 
Institutional Class 2nd   3rd   3rd    
PlanAhead Class 2nd   3rd   3rd    
 
Lipper is an independent rating service that ranks mutual funds in various categories by making comparative calculations using total returns.
 
Sector Weightings
  Equity EM Index
Financials 23.8 22.6
Energy 18.0 17.8
Consumer Discretionary 12.0 5.0
Telecomm Services 10.9 12.0
Information Technology 10.1 10.7
Materials 9.4 13.7
Industrials 5.5 7.9
Consumer Staples 4.7 4.9
Utilities 4.6 3.4
Health Care 1.0 2.0
 
Top 10 Country Weighting
  Equity EM Index
Hong Kong / China 15.8 14.5
Brazil 13.6 15.2
South Korea 13.4 13.2
India 9.0 6.7
Taiwan 8.5 10.4
Russia 7.9 8.2
South Africa 7.4 7.5
Mexico 5.5 5.5
Turkey 3.3 1.8
Poland 3.0 1.9
 
 
Asset Allocation
   
Equity 90.1
Equitized Cash 9.6
Fixed Income 0.3
 
Portfolio Statistics
     

Equity
Equity


EM Index
Price/Earnings Ratio 9.0 12.9
Price/Book Ratio 2.7 2.8
Wtd. Avg. Mkt. Cap ($ bil) 25.6 31.0
 
3-Year Risk Summary
R2 0.97  
Alpha -0.38  
Beta 0.91  
Sharpe Ratio 0.15  
Standard Deviation 22.33  
 
Top Ten Holdings (%)
PDF View All Holdings
 
Petroleo Brasileiro S.A. 4.0%
Gazprom OAO 3.0%
Samsung Electronics Co. Ltd. 2.8%
LUKOIL Oil Co. 2.3%
PetroChina Co. Ltd. 2.1%
China Mobile Ltd. 1.8%
Companhia Vale do Rio Doce 1.5%
America Movil, S.A.B. de C.V. 1.3%
Taiwan Semiconductor Manufacturing Co. Ltd. 1.2%
Unibanco - Uniao de Bancos Brasileiros S.A. 1.2%
 
Total Fund Holdings: 289

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 Emerging Markets Funds. The Lipper Emerging Markets Funds Index tracks the results of the 30 largest mutual funds in the Lipper Emerging Markets Funds category. Lipper is an independent mutual fund research and ranking service.
***MSCI Emerging Markets Index. The MSCI Emerging Markets Index is a market capitalization weighted index composed of companies that are representative of the market structure of developing countries in Latin America, Asia, Eastern Europe, the Middle East and Africa.

Investing in foreign equities entails additional risks not associated with domestic equities, such as currency fluctuations, economic and political instability and differences in accounting standards. The risks of investing in foreign equities are heightened when investing in emerging markets.

Performance shown prior to the 10/1/02 inception of the PlanAhead Class is that of the Institutional Class. The returns have not been adjusted for any difference between the fees and expenses of the PlanAhead Class and the historical fees and expenses of the Institutional Class. Because the Institutional Class had lower expenses, its performance was better than the PlanAhead Class would have realized during the same period. A portion of the fees charged to the PlanAhead Class of the Fund was waived through 2005. Performance prior to waiving fees was lower than the actual returns shown for periods through 2005.

Distributed by Foreside Fund Services, LLC.