American Beacon U.S. Government Money Market Select Fund

Fund information as of March 31, 2010
Fund Overview
Total Portfolio Assets: $409.3 Million
           
           
Inception Date 12/1/01        
Fund NAV $1.00        
CUSIP 02368W200        
Trading Symbol AAOXX        
Investment Min: $1 Million        
 
 
Investment Advisor
 
American Beacon Advisors, Inc. 100%
 
Order Deadlines1
 
Purchases - 4:00pm CT / 5:00pm ET  
Redemptions2 - 2:00pm CT / 3:00pm ET  
1 Or such other time as may be designated by the Fund
2 Orders placed by the deadline will generally be transmitted to shareholders on the same day.
 
Expense Ratios
 
Gross 0.18%        
Net1 0.15%        
1The net expense ratio is not of acquired fund fees and expenses that the Fund incurred indirectly as a result of investment in certail 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 issued by the U.S. Government, its agencies or instrumentalities.

 
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 exclusively in obligations issued or guaranteed by the U.S. Government, its agencies, or instrumentalities, as well as in repurchase agreements collateralized by such obligations. The dollar-weighted average maturity of the Fund will not exceed 90 days.

 
U.S. Government Money Market Select Fund Total Returns
 
 
3 Mos.		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*
                       
March 2010 0.01   0.01   0.15   2.13   3.06   2.89
February 2010 0.01   0.01   0.18   2.28   3.10   2.94
January 2010 0.01   0.00   0.21   2.41   3.14   2.99
 

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.

 
Portfolio Composition (%)
 
 
Overnight U.S. Government Tri-Party Repo/MMFs 72.5%
Fixed Rate U.S. Government Agencies 10.6%
Variable Rate U.S. Government Agencies 16.9%
 
Sector Diversification (%)
 
U.S. Government Tri-Party Repo/MMFs   72.5%
U.S. Government Agencies   27.5%
 
 
 
American Beacon Daily US Gov't Money Market Holdings
 
Data Unavailable      |     View Historical
 
 
 
Portfolio Statistics
 
  7-Day
Current Yield*		 7-Day
Effective Yield*
U.S. Govt. Money Market
Select Fund 		0.08% 0.08%
 
Weighted Average Maturity   14 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.
 
Effective Maturity Distribution

 
1 to 7 Days   72.5%
8 to 30 Days   7.3%
31 to 90 Days   15.4%
91 to 180 Days   4.8%
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. An investment in the American Beacon U.S. Government 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 12/1/01 inception of the American Beacon U.S. Government Money Market Select Fund (“Select Fund”) is that of a class of the American Beacon U.S. Government Money Market Fund (“Beacon Fund”) that is no longer in operation. 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 moderately 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 2006 and from April 2008 to January 2010. Performance prior to waiving fees was lower than the actual returns shown for periods when waivers were in effect.

* Annualized.

Distributed by Foreside Fund Services, LLC. American Beacon Funds and American Beacon Global Real Estate Fund are service marks of American Beacon Advisors, Inc.