Performance shown is historical and is not 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.

American Beacon Advisors has contractually agreed to waive and/or reimburse the A Class, C Class, Institutional Class, Y Class, Investor Class and Advisor Class of the Fund for distribution fees and other expenses, as applicable, through February 28, 2013.

Important Information: There is no guarantee that the investment objectives will be met. Indexes are unmanaged and one cannot invest directly in an index.

For any Class of the Fund that began operating within the ten-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. A portion of the fees charged to the Y Class of the Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown. A portion of the fees charged to the Institutional and Investor Classes has been waived since 2007 and 2006, respectively. A portion of the fees charged to the Advisor Class has been waived since its inception. Performance of the Institutional, Investor and Advisor Classes prior to waiving fees was lower than the actual returns shown for the respective periods that waivers were in effect. Class C shares may be subject to a contingent deferred sales charge of up to 1% on certain redemptions made within 12 months of purchase. Performance presented at NAV, which does not include these sales charges, would be lower if these charges were reflected. Specific information about any Fund may be found at americanbeaconfunds.com or in the prospectus.

The Lipper Mid-Cap Value Funds Index tracks the results of the 30 largest mutual funds in the Lipper Mid-Cap Value Funds category. Lipper is an independent mutual fund research and ranking service. The Russell Midcap Value Index is an unmanaged index of those stocks in the Russell Midcap Index with lower price-to-book ratios and lower forecasted growth values.

*Annualized.

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.

American Beacon Funds and American Beacon Mid-Cap Value Fund are service marks of American Beacon Advisors, Inc.