American Beacon International Equity Fund

Fund information as of December 31, 2009
Fund Overview
Total Fund Assets: $1,424.5 Million
  Institutional Class   Investor Class  
         
Inception Date 8/7/91   8/1/94  
Fund NAV $15.82   $15.64  
CUSIP 02368A406   02368A794  
Trading Symbol AAIEX   AAIPX  
  Advisor Class   Retirement Class  
         
Inception Date 5/1/03   5/1/09  
Fund NAV $15.97   $15.97  
CUSIP 02368A422   02368A216  
Trading Symbol AAISX   ABIRX  
  Y Class      
         
Inception Date 5/1/03      
Fund NAV $16.32      
CUSIP 02368A190      
Trading Symbol ABEYX      
 
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.
Advisor Class shares are offered to all investors who invest through intermediary organizations, such as broker-dealers or third party administrators.
Retirement Class is offered primarily to small retirement plans and investors who invest through retirement plan services.
Y Class shares of the American Beacon Funds are offered primarily to retirement plans and advisors that require revenue sharing from the Funds.  The minimum investment per plan or advisor for this fund class is $100,000.

 
Investment Sub-Advisors
 
Templeton Investment Counsel, LLC 28.8%
Causeway Capital Management LLC 28.6%
The Boston Company Asset Management, LLC 22.4%
Lazard Asset Management LLC 20.2%
 
Expense Ratios
 
  Institutional Class   Investor Class  
         
Gross Expense Ratio 0.67%   1.05%  
Net Expense Ratio1 0.66%   N/A  
  Advisor Class   Retirement Class  
         
Gross Expense Ratio 1.35%   1.49%  
Net Expense Ratio1 N/A   N/A  
  Y Class      
         
Gross Expense Ratio 0.83%      
Net Expense Ratio1 0.82%      
         
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 multi-manager Fund seeking long-term capital appreciation primarily through investments in equity securities of issuers based outside the United States.
 
Investment Style

The Fund's bottom-up, value driven process identifies stocks of companies with below average price-to-earnings or price- to-cash-flow ratios, below-average price-to-book value ratios, above-average dividend yields, and above-average return on equity or earnings growth potential. The Fund's sub-advisors select securities based upon a country's economic outlook, market valuation and potential changes in currency exchange rates.

To determine a company's growth prospects, each of the Fund's sub-advisors uses proprietary methods based upon a combination of internal and external research and analysis of changing economic trends. The Fund will primarily invest in countries comprising the Morgan Stanley Capital International Europe Australasia Far East Index (MSCI EAFE). American Beacon provides each sub-advisor with a limit of the maximum investment allowed in each country.
 
International Equity Fund Total Returns
                           
 
QTR		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*		  
Since Inception
                           
Institutional Class 2.06   29.75   29.75   -5.42   3.49   3.81   8.06
Investor Class 1.99   29.39   29.39   -5.67   3.23   3.58   7.82
Advisor Class 1.85   28.89   28.89   -5.97   2.92   3.38   7.71
Retirement Class 1.91   28.89   28.89   -5.97   2.92   3.38   7.71
Y Class 2.06   29.83   29.83   -5.40   3.50   3.82   8.06
                           
Lipper International Funds Index** 1.75   29.55   29.55   -7.43   2.71   3.38   7.18
MSCI EAFE Index*** 2.18   31.78   31.78   -6.04   3.54   1.17   5.55
 

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. 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: International Funds
  1YR   3YR   5YR   10YR
# of funds in category 132   105   77   44
               
Institutional Class 58   24   17   22
Investor Class 61   26   24   25
Advisor Class 66   29   31   N/A
Retirement Class N/A   N/A   N/A   N/A
Y Class N/A   N/A   N/A   N/A
Lipper Quartile
 
Institutional Class 2nd   1st   1st   2nd
Investor Class 2nd   1st   2nd   3rd
Advisor Class 2nd   2nd   2nd   N/A
Retirement Class N/A   N/A   N/A   N/A
Y Class N/A   N/A   N/A   N/A
 
Lipper is an independent rating service that ranks mutual funds in various categories by making comparative calculations using total returns.
 
Top 10 Country Weighting
   
United Kingdom 22.4%
Japan 15.1%
France 13.4%
Germany 10.7%
Switzerland 8.7%
Netherlands 6.3%
Spain 3.6%
Singapore 3.0%
Hong Kong/China 2.2%
Sweden 2.2%
 
Asset Allocation
   
Equity 97.9%
Equitized Cash 2.1%
 
Portfolio Statistics
     
Price/Earnings Ratio   15.5
Price/Book Ratio   1.5
Wtd. Avg. Mkt. Cap ($ bil)   $24.9
5 Year Earnings Growth   3.2
   
3-Year Risk Summary  
R2   0.97
Alpha   0.72
Beta   1.01
Sharpe Ratio   -0.32
Standard Deviation   24.64
 
Top Ten Holdings (%)
PDF View All Holdings
 
Sanofi-Aventis S.A.
 2.7%
Siemens AG 2.4%
Vodafone Group plc 2.2%
HSBC Holdings plc 2.2%
Novartis AG 1.8%
BP plc 1.8%
DBS Group Holdings Ltd. 1.8%
Total S.A. 1.8%
Royal Dutch Shell plc 1.7%
GlaxoSmithKline plc 1.7%
 
Total Fund Holdings: 174

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.

IMPORTANT INFORMATION:
* Annualized.
**The Lipper International Funds Index tracks the results of the 30 largest mutual funds in the Lipper International Funds category. Lipper is an independent mutual fund research and ranking service.
*** MSCI EAFE Index. The MSCI EAFE Index is a market capitalization weighted index of international stock performance composed of equities from developed markets excluding the U.S. and Canada.

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.

Performance shown prior to the 5/1/03 inception of the Advisor Class is that of the Investor Class. The returns have not been adjusted for any difference between the fees and expenses of the Advisor Class and the historical fees and expenses of the Investor Class. Because the Investor Class had lower expenses, its performance was better than the Advisor Class would have realized during the same period. A portion of the fees charged to the Advisor Class of the Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown.

Performance shown prior to the 5/1/09 inception of the Retirement Class is that of the Advisor Class from 5/31/2003 through 4/30/2009 and the Investor Class prior to 5/31/2003. The returns have not been adjusted for any difference between the fees and expenses of the Retirement Class and the historical fees and expenses of the Advisor and Investor Classes. Because the Advisor and Investor Classes had lower expenses, their performance was better than the Retirement Class would have realized during the same periods.

Performance shown prior to the 8/3/09 inception of the Y Class is that of the Institutional Class. The returns have not been adjusted for any difference between the fees and expenses of the Y Class and the historical fees and expenses of the Institutional Class. Because the Institutional Class had lower expenses, its performance was better than the Y Class would have realized during the same period.

 

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