American Beacon S&P 500 Index Fund

Fund information as of Wednesday, June 30, 2010


Fund Overview
Total Fund Assets:   $313.6 Million

Fund Classes: Institutional Investor
Inception Date: 12/31/1996 3/2/1998
Fund NAV: $14.08 $13.92
CUSIP: 02368A711 02368A679
Trading Symbol: AASPX AAFPX
 
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 $250,000 to invest.
Investor Class shares are offered to individual investors, retirement accounts, plan sponsors, discount brokers, or other organizations.
 
Investment Sub-Advisors
The Fund invests all of its investable assets in the State Street Equity 500 Index Portfolio, which is managed by SSgA Funds Management, Inc., a subsidiary of State Street Corp. and an affiliate of State Street Bank and Trust Company.
 
Expense Ratios
  Gross Net1
Institutional 0.15% 0.15%
Investor 0.60% 0.60%
1The fees and expenses shown in the table include both the expenses of the Fund and the Fund’s share of the allocated expenses of the Portfolio of State Street Master Funds.
 
Investment Objective
A Fund seeking to replicate as closely as possible, before expenses, the performance of the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index” or “Index”).
 
Investment Style

The Fund invests primarily in common stocks of companies that comprise the S&P 500. The Fund is not managed according to traditional methods of "active" investment management, which involve the buying and selling of securities based upon economic, financial and market analyses and investment judgment. Instead, the Fund utilizes a "passive" or "indexing" investment approach that attempts to replicate, before expenses, the performance of the S&P 500 Index.

The Fund intends to invest in all 500 stocks comprising the Index in proportion to their weightings in the Index. Under certain circumstances, the Fund may purchase a sample of the stocks in the Index in proportions expected by the investment advisor to replicate generally the performance of the Index as a whole.
 
Total Returns
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR* Since
Inception*
Institutional -11.41 -6.67 14.57 -9.80 -0.83 -1.70 4.16
Investor -11.56 -6.91 14.18 -10.20 -1.28 -2.13 3.77
 
Benchmarks
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR* Since
Inception*
Lipper S&P 500 Objective Funds Index ** -11.49 -6.77 14.18 -9.96 -0.99 -1.82 4.03
S&P 500 Index *** -11.43 -6.65 14.43 -9.81 -0.79 -1.59 4.28
*Annualized              
                           

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, please visit www.americanbeaconfunds.com or call 1-800-967-9009. Please note that the recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.
 
Lipper Rankings
Category: S&P 500 Index Objective Funds
  1 YR 3 YR 5 YR 10 YR
Institutional 4 18 16 16
Investor 47 76 81 70

# of Funds in the Category 163 160 147 98
 
Lipper Quartile
  1 YR 3 YR 5 YR 10 YR
Institutional 1st 1st 1st 1st
Investor 2nd 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 
Information Technology 18.7%
Financials 16.3%
Health Care 12.1%
Consumer Staples 11.6%
Energy 10.7%
Industrials 10.3%
Consumer Discretionary 10.2%
Utilities 3.7%
Materials 3.4%
Telecommunication Services 3.0%
 
  
Asset Allocation
Equities 99.0%
Cash Equivalents 1.0%
 
Portfolio Statistics
Price-to-Earnings Ratio (P/E) 12.50
Price-to-Book Ratio (P/B) 1.90
Weighted Average Market Cap ($ bil) 74.5
            
3 Year Risk Summary:
  R2 1.00
  Alpha -0.24
  Beta 1.00
  Sharpe Ratio 0.83
  Standard Deviation 17.01
 
Top Ten Holdings
PDF View Holdings
Exxon Mobil Corp. 3.1%
Apple, Inc. 2.5%
Microsoft Corp. 1.9%
Procter & Gamble Co. 1.9%
Johnson & Johnson 1.8%
International Business Machines Corp. 1.7%
General Electric Co. 1.7%
JPMorgan Chase & Co. 1.6%
Bank of America Corp. 1.5%
AT&T, Inc. 1.5%

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.

IMPORTANT INFORMATION:

There is no guarantee that the investment objectives will be met. Indices are unmanaged and one cannot invest directly in an index. Performance shown prior to the 3/2/98 inception of the Investor Class is that of the Institutional Class. The returns have not been adjusted for any difference between the fees and expenses of the Investor Class and the historical fees and expenses of the Institutional Class. Because the Institutional Class had lower expenses, its performance was better than the Investor Class would have realized during the same period. A portion of the fees charged to the Investor Class of the Fund was waived through 2002. Performance prior to waiving fees was lower than the actual returns shown for periods prior to 2002. ** The Lipper S&P 500 Index Objective Funds Index tracks the results of the 30 largest mutual funds in the Lipper S&P 500 Index Objective Funds category. Lipper is an independent mutual fund research and ranking service. *** The S&P 500 Index is a market capitalization weighted index of common stocks publicly traded in the United States. The P/E Ratio of a stock is calculated by dividing the current price by forecasted twelve-month earnings per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per share. R-squared (R2) is the percentage of the Fund’s three-year return that is explained by movements in its benchmark index. Alpha is a measure of the Fund’s expected performance versus the benchmark, adjusted for relative risk. Beta is a measure of the Fund’s volatility versus the benchmark. Sharpe Ratio is a measure of the Fund’s return per unit of total risk. Standard Deviation is a measure of the historical volatility of the Fund’s returns. 

Distributed by Foreside Fund Services, LLC. American Beacon Funds and American Beacon S&P 500 Index Fund are service marks of American Beacon Advisors, Inc. S&P is a trademark of The McGraw-Hill Companies, Inc., and has been licensed for use. “Standard & Poor’s®”,“S&P®”,”Standard & Poor’s 500”,“S&P 500®” and “500” are all trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Street Bank and Trust Company. The S&P 500 Index Fund is not sponsored, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in this Fund.