American Beacon Money Market Mileage Fund

Fund information as of June 30, 2010
Fund Overview
Total Portfolio Assets1: $784.2 Million
           
Inception Date 11/1/91        
Fund NAV $1.00        
CUSIP 023928500        
Trading Symbol AVMXX        
 
1 American 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  
2 Or 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 0.66%        
Net1 0.64%        
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 portfolio, 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.

 
Total Returns
                           
 
QTR		  
YTD		  
1 YR		  
3 YR*		  
5 YR*		  
10 YR*		   Since Inception*
                           
Mileage Class 0.00   0.01   0.01   1.49   2.62   2.40   4.28
                           
Lipper** 0.00   0.01   0.04   1.49   2.48   2.21   4.11
 

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
     
Overnight Maturities   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
 
9/9/2010      |     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*
Mileage Class 0.01% 0.01%
 
Weighted Average Maturity   23 Days
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
 
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%
 

American Airlines® reserves the right to change AAdvantage® program rules, regulations, travel awards, and special offers at any time without notice, and to end the AAdvantage® program with six months notice. Any such changes may affect your ability to use the mileage awards or credits that you have accumulated. Members may not be able to obtain all offered awards at all times or use awards for all destinations or on all flights. Advantage travel awards, mileage accrual and special offers are subject to government regulations. American Airlines® is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit www.aa.com. American Airlines® is not responsible for investments made in the American Beacon Mileage Funds. An investment in the Money Market Mileage 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:
* Annualized. ** The Lipper Money Market Average is calculated by taking an arithmetric average of the returns of the mutual funds in the Lipper Money Market Funds category. Lipper is an independent mutual fund research and ranking service. Qualified retirement accounts, including IRAs and IRA rollover accounts, and certain other accounts are not eligible to invest in the American Beacon Mileage Funds.

Distributed by Foreside Fund Services, LLC. American Beacon Mileage Funds, Mileage Class® and American Beacon Advisors, Inc., and American Beacon Money Market Mileage Fund are service marks of American Beacon Advisors, Inc. American Airlines and AAdvantage are registered trademarks of American Airlines, Inc. Other restrictions apply.