American Beacon Small Cap Value Opportunity Fund

Fund information as of March 31, 2008
Fund Overview
Total Fund Assets: $8.7 Million
  Institutional Class   PlanAhead Class®    
           
Inception Date 3/31/06   3/31/06    
Class Assets $8.7 Million   $0.1 Million    
Fund NAV $8.57   $8.54    
CUSIP 02368A349   02368A331    
Trading Symbol ASOIX   ASOPX    
Investment Minimum $2 Million   $2,500    
 
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 $2 million to invest.
PlanAhead Class shares are offered to individual investors, retirement accounts, plan sponsors, discount brokers or other organizations.
 
Investment Sub-Advisor
 
PanAgora Asset Management, Inc. 100%
 
Expense Ratios
 
  Institutional Class   PlanAhead Class    
           
Gross Expense Ratio 1.28%   1.71%    
Net Expense Ratio1 1.05%   1.30%    
           
1The net expense ratio is net of expense reimbursements that American Beacon Advisors has contractually agreed to maintain through February 28, 2009.
 
Investment Objective

A Fund seeking long-term capital appreciation and current income primarily through investments in small market capitalization U.S. stocks.
Investment Style

PanAgora’s investment process follows a bottom-up approach. The strategy applies quantitative techniques combined with traditional investment theory. The investment team utilizes a proprietary, multi-factor, quantitative model to create a return forecast for each stock in the Russell 2000 Value Index. Factors indicating relative value, such as book-to-price ratio, sales-to-price ratio, forward earnings-to-price ratios, and dividend yield, play a significant role in the model. Additional factor categories include earnings quality, earnings momentum, and price momentum. Each stock’s return forecast is then weighted against its contribution to the risk of the portfolio in comparison to the benchmark and transaction cost.

PanAgora attempts to construct a portfolio with the highest return potential and the lowest risk. A key component of their investment process is the fundamental analysis of potential investments by the investment team. The insight is used to enhance and verify the quantitative techniques.
 
Small Cap Value Opportunity Fund Total Returns as of 3/31/2008
                         
 
QTR		  
YTD		  
1YR		  
3YR*		  
5YR*		   Since
Inception*		  
                         
Institutional Class -6.54   -6.54   -19.98   N/A   N/A   -6.63  
PlanAhead Class® -6.56   -6.56   -20.06   N/A   N/A   -6.73  
                         
Lipper Index** -6.49   -6.49   -13.51   N/A   N/A   -3.20  
Russell 2000® Index *** -6.53   -6.53   -16.88   N/A   N/A   -4.22  
 

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.
 
Lipper Rankings as of 3/31/2008
 
Category: Small-Cap Value Funds
  1YR            
# of funds in category 306            
               
Institutional Class 259            
PlanAhead Class 260            
Lipper Quartile
 
Institutional Class 4th            
PlanAhead Class 4th            
 
Lipper is an independent rating service that ranks mutual funds in various categories by making comparative calculations using total returns.
 
Sector Weightings
     
     
Financials   29.9
Industrials   14.4
Consumer Discretionary   12.0
Information Technology   12.0
Materials   8.2
Health Care   5.9
Energy   5.9
Utilities   5.4
Consumer Staples   4.5
Telecommunication Services   1.8
     
 
Asset Allocation
   
Equity 97.0
Equitized Cash 3.0
 
Portfolio Statistics
     

Equity		    
Price/Earnings Ratio   12.2
Price/Book Ratio   1.8
Wtd. Avg. Mkt. Cap ($ bil)   1.2
   
3-Year Risk Summary  
R2   N/A
Alpha   N/A
Beta   N/A
Sharpe Ratio   N/A
Standard Deviation   N/A
 
Top Ten Holdings (%)
PDF View All Holdings
 
   
Tupperware Corp. 1.4
ProAssurance Corp. 1.2
Premiere Global Services, Inc. 1.1
Compass Minerals International, Inc. 1.1
Navigators Group, Inc. 1.1
Ruddick Corp. 1.1
Potlatch Corp. 1.1
Trico Marine Services, Inc. 1.1
Oil States International, Inc. 1.0
UMB Financial Corp. 1.0
 
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.

* Annualized.
**Lipper Small-Cap Value Funds. The Lipper Small-Cap Value Funds Index tracks the results of the 30 largest mutual funds in the Lipper Small-Cap Value Funds category. Lipper is an independent mutual fund research and ranking service.
***The Russell 2000® Value Index is an unmanaged index of those stocks in the Russell 2000 Index with lower price-to-book ratios and lower forecasted growth values. Russell 2000® Value Index is a registered trademark of Frank Russell Company.

Investing in the securities of small capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies.

A portion of the fees charged to the Fund has been waived since 2006. Performance prior to waiving fees was lower than the actual returns shown for periods since 2006.

Distributed by Foreside Fund Services, LLC.