American Beacon Money Market Select Fund

Fund information as of June 30, 2010
Fund Overview
Total Portfolio Assets1: $784.2 Million
           
Inception Date 12/31/99        
Fund NAV $1.00        
CUSIP 02368W101        
Trading Symbol ASRXX        
 
1American Beacon Master Money Market Portfolio
 
Investment Advisor
 
American Beacon Advisors, Inc. 100%
 
Order Deadlines2
 
Purchases - 4:00pm CT / 5:00pm ET  
Redemptions3- 2:00pm CT / 3:00pm ET  
2Or such other time as may be designated by the Fund
3Orders placed by the deadline will generally be transmitted to shareholders on the same day.
 
Expense Ratios
 
Gross 0.14%        
Net1 0.12%        
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 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 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. 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 Select Fund Total Returns
                       
 
3 Mos.		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*
                       
June 2010 0.05   0.10   0.24   1.94   3.08   2.87
May 2010 0.05   0.08    0.26   2.08   3.13   2.92
April 2010 0.05   0.06   0.27   2.23   3.18   2.97
                       
 

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. To obtain performance as of the most recent month end, please visit www.americanbeaconfunds.com or call 1-800-967-9009.
 
Term Sector Diversification 
     
Overnight Maturities/Liquidity   55.4%
Banking   35.6%
U.S. Government Agencies   4.6%
Other   4.4%
 
Term Portfolio Composition
 
 
Overnight Maturities 55.4%
Commercial Paper 44.6%
 
   
American Beacon Daily Money Market Holdings
 
9/3/2010      |     View Historical
 
Credit Quality
 
A-1+/P-1   86.4%
A-1/P-1   13.6%
 
Portfolio Statistics
 
  7-Day
Current Yield*		 7-Day
Effective Yield*
Money Market Select Fund 0.22% 0.22%
 
Weighted Average Maturity   23 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   59.9%
8 to 30 Days   8.9%
31 to 90 Days   31.2%
91 to 180 Days   0.0%
181+ Days   0.0%
 

Securities of the Fund may only be sold by offering the Fund’s Prospectus. You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Prospectus contains this and additional information regarding the Fund. To obtain a Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus should be read carefully before investing. An investment in the Money Market Select 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 the Fund.

IMPORTANT INFORMATION:
Performance shown prior to the 12/31/99 inception of the American Beacon Money Market Select Fund (“Select Fund”) is that of the American Beacon Money Market Fund – Institutional Class (“Beacon Fund”). The returns have not been adjusted for any difference between the fees and expenses of the Select Fund and the historical fees and expenses of the Beacon Fund. Because the Beacon Fund had higher expenses, its performance was worse than the Select Fund would have realized during the same period. A portion of the fees charged to the Select Fund was waived through 2001. Performance prior to waiving fees was lower than the actual returns shown for periods through 2001.

* Annualized.

Distributed by Foreside Fund Services, LLC. American Beacon Funds and American Beacon Money Market Select Fund are service marks of American Beacon Advisors, Inc.