American Beacon Large Cap Growth Fund

Fund information as of Wednesday, June 30, 2010


Fund Overview
Total Fund Assets:   $65.4 Million

Fund Classes: Institutional Y A*
Inception Date: 7/31/2000 3/1/2010 5/17/10
Fund NAV: $4.93 $4.93 $4.93
CUSIP: 02368A554 024524209 024524738
Trading Symbol: ALCGX ACLYX ABGAX
*Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
 
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.
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.
A Class shares, with applicable front-end sales charges, are available to retail investors who invest directly through intermediary organizations, such as broker-dealers or other financial intermediaries, or through employee directed benefit plans, or directly with the Funds.
 
Investment Sub-Advisors
Winslow Capital Management, Inc. 50.1%
The Renaissance Group LLC 49.9%
 
Expense Ratios
  Gross Net1
Institutional 0.95% 0.94%
Y 1.05% 1.04%
A1 1.45% 1.44%
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. The Fund’s A Class expenses are based on estimated expenses expected to be incurred for the fiscal year ending October 31, 2010.
 
Investment Objective
A multi-manager Fund seeking long-term capital appreciation and current income primarily through investments in large market capitalization U.S. stocks.
 
Investment Style

The Fund’s sub-advisors pursue a growth style of investing. They select stocks that, in their opinion, have above-average earnings growth potential. To determine a company’s growth prospects, the Fund’s sub-advisors use proprietary methods based upon a combination of internal and external research and analysis of changing economic trends.

The Fund’s assets are invested primarily in equity securities of U.S. companies with market capitalizations similar to the market capitalizations of the companies in the Russell 1000® Index at the time of investment. These may consist of common and preferred stocks, securities convertible into U.S. common stocks, U.S. dollar-denominated American Depositary Receipts, and U.S. dollar-denominated foreign stocks traded on U.S. exchanges.
 
Total Returns
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR* Since
Inception*
Institutional -12.90 -9.37 9.50 -11.12 -2.84 N/A -6.18
Y -12.90 -9.37 9.50 -11.12 -2.84 N/A -6.18
A (w/out max sales charge) -12.90 -9.37 9.50 -11.12 -2.84 N/A -6.18
A (with max 5.75% sales charge) -17.97 -14.56 3.10 -12.86 -3.98 N/A -6.74
 
Benchmarks
  QTR YTD 1 YR 3 YR* 5 YR* 10 YR* Since
Inception*
Lipper Large-Cap Growth Funds Index ** -12.43 -8.68 12.59 -7.49 -0.56 -5.39 -5.24
Russell 1000 Growth Index *** -11.75 -7.65 13.62 -6.91 0.38 -5.14 -4.78
                           

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, please visit www.americanbeaconfunds.com or call 1-800-967-9009. 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: Large Cap Growth Funds
  1 YR 3 YR 5 YR 10 YR
Institutional 582 651 555 N/A
Y N/A N/A N/A N/A
A N/A N/A N/A N/A
# of Funds in the Category 845 730 615 N/A
 
Lipper Quartile
  1 YR 3 YR 5 YR 10 YR
Institutional 3rd 4th 4th N/A
Y N/A N/A N/A N/A
A 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.
 
Sector Weightings 
Information Technology 34.7%
Industrials 20.6%
Consumer Discretionary 17.6%
Health Care 10.4%
Financials 6.6%
Energy 5.8%
Consumer Staples 2.7%
Materials 1.2%
Telecommunication Services 0.4%
 
 
Asset Allocation
Equity 94.2%
Cash Equivalent 5.8%
 
Portfolio Statistics
Price-to-Earnings Ratio (P/E) 13.2
Price-to-Book Ratio (P/B) 3.0
Weighted Average Market Cap ($ bil) 43.7
5 Year Earnings Growth 12.8
            
3 Year Risk Summary:
  R2 0.98
  Alpha -4.31
  Beta 0.99
  Sharpe Ratio (0.61)
  Standard Deviation 20.77
 
Top Ten Holdings (%)
PDF View Holdings
Apple Computer, Inc. 3.2%
Hewlett-Packard Co. 2.4%
EMC Corp. 2.2%
Cisco Systems, Inc. 2.0%
Cognizant Technology Solutions Corp. 1.9%
Visa, Inc. 1.8%
Goldman Sachs Group, Inc. 1.8%
Oracle Corp. 1.8%
Deere & Co. 1.7%
Union Pacific Corp. 1.5%
   
Total Fund Holdings 106

Securities of the Fund may only be sold by offering the Fund’s Prospectus and Summary Prospectus. You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Prospectus and Summary Prospectus contains this and additional information regarding the Fund. To obtain a Prospectus and Summary Prospectus, please contact your Financial Advisor, call 1-800-967-9009 or visit www.americanbeaconfunds.com. The Prospectus and Summary Prospectus should be read carefully before investing.

Important Information:

There is no guarantee that the investment objectives will be met. Indices are unmanaged and one cannot invest directly in an index. Performance shown prior to the 3/1/10 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. A portion of the fees charged to the Fund has been waived since 2004 through 2008. Performance prior to waiving fees was lower than the actual returns shown for periods since 2004 through 2008. Performance shown prior to the 5/17/10 inception of the A Class is that of the Institutional Class. The returns have not been adjusted for any difference between the fees and expenses of the A Class and the historical fees and expenses of the Institutional Class. Because the Institutional Class had lower expenses, its performance was better than the A Class would have realized during the same period. Maximum Sales Charge is the maximum front-end sales charge (load) imposed on purchases (as a % of offering price). *Annualized. **The Lipper Large-Cap Growth Funds Index tracks the results of the 30 largest mutual funds in the Lipper Large-Cap Growth Funds category. Lipper is an independent mutual fund research and ranking service. ***The Russell 1000 Growth Index is an unmanaged index of those stocks in the Russell 1000 Index with higher price-to-book ratios and higher forecasted growth values. The P/E Ratio of a stock is calculated by dividing the current price by forecasted twelve-month earnings per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per share. R-squared (R2) is the percentage of the Fund’s three-year return that is explained by movements in its benchmark index. Alpha is a measure of the Fund’s expected performance versus the benchmark, adjusted for relative risk. Beta is a measure of the Fund’s volatility versus the benchmark. Sharpe Ratio is a measure of the Fund’s return per unit of total risk. Standard Deviation is a measure of the historical volatility of the Fund’s returns.

Distributed by Foreside Fund Services, LLC. American Beacon Funds and American Beacon Large Cap Growth Fund are service marks of American Beacon Advisors, Inc. Russell 1000 and Russell 1000 Growth Indices are registered trademarks of Frank Russell Company.