Morningstar Advisor - Spring 2007 - (Page Cover2)

Discover American Beacon Funds American Beacon’s Strengths: Strong Focus Our People Low Cost Value Approach American Beacon’s value approach to equities and disciplined investment philosophy seek to produce superior results over the long-term. Our people, our culture and our strong due diligence process allow us to monitor our sub-advisors’ performance and to ensure their strict adherence to each Fund’s investment style and guidelines. Our Funds’ large asset base and efﬁcient operational structure make it possible for us to deliver quality Funds with below-average expense ratios. For our equity value Funds, our time-tested, consistent investment strategy seeks to produce a diverse universe of stocks that have above-average growth potential, yet sell below their perceived economic value. With decades of combined investment experience, American Beacon Advisors has the expertise to develop a targeted investment program for each Fund and to select and monitor the Funds’ sub-advisors effectively. Experience What makes American Beacon different? Manager of Managers American Beacon Advisors integrates several of the nation’s most highly respected asset management ﬁrms within many of the American Beacon Funds. This helps to minimize portfolio volatility within these multi-managed funds. We invest for the individual client as we would for ourselves. Since employee beneﬁt plans of AMR Corporation, our parent company, invest in our Funds, we have a personal interest in the success of our Funds. As investment advisor to a large plan sponsor, we are highly sensitive and empathetic to the needs and concerns of investment professionals and plan sponsors. Vested Interest Perspective www.americanbeaconfunds.com 1-800-967-9009 You should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and Distributed by Foreside Fund Services, LLC. © 2007 American Beacon Advisors, Inc. All rights reserved. other information is available in each Fund’s prospectus, which you may obtain at www.americanbeaconfunds.com or by calling 1-800-967-9009. Please read the prospectus carefully before investing. http://www.americanbeaconfunds.com http://www.americanbeaconfunds.com http://www.americanbeaconfunds.com

Table of Contents Feed for the Digital Edition of Morningstar Advisor - Spring 2007

Morningstar Advisor Spring 2007 Features Departments Letter from Joe Mansueto Get to Know Morningstar’s Fund Managers of the Year Is Your Client a Stock or a Bond? Less Alpha, More Beta Than Meets the Eye Your Mileage May Vary A Clear-Eyed Look at Hedge Funds Lower Risk, Higher Returns, What’s Not to Like? Without Cash and Clout, Advisors and Clients Get Short End of Stick Get the Strategy Minus the Headaches Analyzing Funds of Hedge Funds Not All Hedge Funds Are Created Equal A Fund with a (Long) View Laying Low and Prospering A Menu of Ideas to Fill Five Market Baskets Oil and Gas Gushing with Values Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web You Can’t Always Get What You Want

Morningstar Advisor - Spring 2007

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