BBH Comset Class of the
American Beacon Money Market Fund

 

 

Fund information as of June 30, 2008
Fund Overview
Total Portfolio Assets1: $12.7 Billion
  BHH ComSet Class        
           
Inception Date 4/2/07        
Class Assets $1.1 Billion        
Fund NAV $1.00        
CUSIP 02368A281        
Trading Symbol ABHXX        
Investment Minimum $10 Million        
1 American Beacon Master Money Market Portfolio
 
Investment Advisor
 
American Beacon Advisors, Inc. 100%
 
Order Deadlines2
 
Purchases - 4:00pm CT / 5:00pm ET  
Redemptions3 - 4:00pm CT / 5:00pm ET  
2 Or 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
 
  BBH ComSet Class        
           
Gross Expense Ratio 0.22%        
Net Expense Ratio1 0.15%        
           
1The net expense ratio is net of expense reimbursements that American Beacon Advisors has contractually agreed to maintain through February 28, 2009 and 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 porfolio, 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 6/30/2008
                           
 
1 Mo.		  
3 Mo.		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*
                           
BBH ComSet Class 0.21   0.67   1.64   4.27   4.61   3.38   3.77
                           
Lipper Index** 0.18   0.59   1.49   3.97   4.30   3.06   3.51
 

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   55.5
Overnight Maturities/ Liquidity   31.9
Personal Credit   5.2
Motor Vehicles   3.7
Trade Receivables   2.3
Securities Broker/Dealers   1.4
 
Term Portfolio Composition (%)
 
 
CDs/Bank Notes 48.8
Overnight Maturities/ Liquidity 31.9
Commercial Paper 11.2
Medium-Term Notes 3.4
Asset-Backed Commercial Paper 2.3
Variable Rate MTNs 1.2
Variable Rate CDs/Bank Notes 1.2
 
PDF View All Holdings
 
Credit Quality (%)
 
A-1+/P-1   92.9
A-1/P-1   7.1
 
Portfolio Statistics
 
  7-Day
Current Yield*		 7-Day
Effective Yield*
BBH ComSet Class 2.60% 2.63%
 
Weighted Average Maturity   34 Days
S&P Rating   AAAm
Moody's Rating   Aaa
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   34.3
8 to 30 Days   16.9
31 to 90 Days   41.8
91 to 180 Days   7.0
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 represents total returns achieved by the Institutional Class from 9/1/87 to 12/1/01, Cash Management Class from 12/1/01 to 4/2/07 and returns of the BBH ComSet Class since its inception, 4/2/07. The returns have not been adjusted for any difference between the fees and expenses of the BBH ComSet Class and the historical fees and expenses of the Institutional and Cash Management Classes. Because the Institutional Class had moderately higher expenses, its performance was slightly worse than the BBH ComSet Class would have realized during the same period. A portion of the fees charged to the BBH ComSet Class of the Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown.

Distributed by Foreside Fund Services, LLC.