American Beacon Money Market Mileage Fund

Fund information as of April 30, 2008
Fund Overview
Total Portfolio Assets1: $12.7 Billion
  Mileage Class        
           
Inception Date 11/1/91        
Class Assets 47.1 Million        
Fund NAV $1.00        
CUSIP 023928500        
Trading Symbol AVMXX        
Investment Minimum $2,500        
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.
3 Orders placed by the deadline will generally be transmitted to shareholders on the same day.
 
Expense Ratios
 
Gross Expense Ratio 0.76%        
Net Expense Ratio1 0.72%        
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 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 in a broad range of instruments, including obligations of the U.S. Government, medium-term notes, certificates of deposit, bankers' acceptances, commercial paper and repurchase agreements. The dollar-weighted average maturity of the Fund will not exceed 90 days.

 
Money Market Mileage Fund Total Returns as of 4/30/2008
                           
 
1 mo.		  
3 mo.		  
YTD		  
1YR		  
3YR*		  
5YR*		  
10YR*
                           
Mileage Class 0.18   0.66   0.99   4.03   4.12   2.87   3.39
                           
Lipper** 0.17   0.62   0.94   3.94   3.82   2.56   3.12
 

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.
 
Sector Weightings (%)
     
     
Banking   68.5
Overnight U.S. Govt. Tri-Party Repo/MMF   9.4
Securities Brokers/Dealers   8.7
Motor Vehicles   5.2
Personal Credit   5.2
Trade Receivables   2.8
Insurance   0.2
 
Portfolio Composition (%)
 
 
CDs/Bank Notes 41.7
Overnight TDs/Tri-Party Repo/MMFs 23.5
Commercial Paper 21.5
Medium Term Notes 7.7
Promissory Notes 3.4
Variable Rate MTNs 2.2
 
PDF View All Holdings
 
 
Credit Quality (%)
 
     
A-1+/P-1   99.1
A-1/P-1   0.9
 
Portfolio Statistics
 
  7-Day
Current Yield*		 7-Day
Effective Yield*
Mileage Class 2.06% 2.08%
 
Weighted Average Maturity (yrs)   41 Days
S&P Rating   AAAm
Moody's Rating   Aaa
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   28.6
8 to 30 Days   20.7
31 to 90 Days   36.0
91 to 180 Days   14.7
181 + Days   0.0
 

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.

* Annualized.
** The Lipper Money Market Funds is calculated by taking an arithmetic 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.

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 this Fund.

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.