American Beacon Month-End Fund Performance

Information as of 06/30/2015

All performance is historical and does not represent future results. The value of an investment in the equity and bond funds will fluctuate up and down. When you sell your shares of these funds, they could be worth more or less than you paid for them.

Performance presented below may include historical performance of other classes. Please see the performance notes at the bottom of the page for more information.

  • Excluding Maximum Sales Charge
  • Including Maximum Sales Charge
Institutional
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Acadian Emerging Markets Managed Volatility** 4805ACDIX 2.27         1.36£ 1.95-3.88-- 3.26     9/27/2013
AHL Managed Futures Strategy 4815AHLIX 2.29         1.55¥ -1.46--- 11.78     8/19/2014
Bahl & Gaynor Small Cap Growth 4820GBSIX 1.62         0.99Φ 2.24--- 9.68     7/15/2014
Balanced 65AADBX 0.59         0.59 0.582.7612.2911.98 6.54     7/17/1987
Bridgeway Large Cap Value 3416BRLVX 0.80         0.85 2.057.3420.5218.48 8.87     10/31/2003
Crescent Short Duration High Income 4825ACHIX 1.56         0.87£ 2.27--- 0.31     10/01/2014
Earnest Partners Emerging Markets Equity** 4800ABEEX 5.27         1.36£ -1.38-7.92-- -3.94     9/19/2013
Emerging Markets** 1950AEMFX 1.44         1.36Ω 1.15-11.593.042.63 6.86     7/31/2000
Flexible Bond 63AFXIX 1.25         0.91± 0.66-0.361.70- 2.65     7/05/2011
Global Evolution Frontier Markets Income** 3865AGEIX 1.97         1.17£ 1.59-0.65-- 3.34     2/25/2014
High Yield Bond** 1409AYBFX 0.88         0.88 2.13-4.095.687.36 6.19     12/29/2000
Holland Large Cap Growth 3431LHGIX 0.90         0.90 4.297.5415.4516.30 7.95     3/01/2010Inv 4/29/96
Intermediate Bond 2066AABDX 0.33         0.33 -0.111.621.863.16 4.46     3/01/2005
International Equity 67AAIEX 0.73         0.73 6.79-3.9012.8310.42 5.56     8/07/1991
International Equity Index 1952AIIIX 0.20         0.20 6.21-4.7911.489.52 5.00     7/31/2000
Ionic Strategic Arbitrage Fund 4830IONIX 4.21         3.38 ----      9/01/2013
Large Cap Value 66AADEX 0.59         0.59 1.273.8317.9616.44 7.37     7/17/1987
Mid-Cap Value 2167AACIX 0.91         0.91 3.214.2719.3417.63 8.88     11/30/2005AMR 6/30/04
S&P 500 Index 902AASPX 0.13         0.13 1.177.3017.1317.17 7.79     12/31/1996
SGA Global Growth 4810SGAGX 3.83         0.99£ 5.306.4810.74- 9.89     12/31/2010
Short-Term Bond 2067AASBX 0.38         0.38 0.360.380.891.24 2.71     12/03/1987
SiM High Yield Opportunities** 1941SHOIX 0.86         0.84± 2.821.248.70- 7.69     2/14/2011
Small Cap Index 1951ASCIX 0.20         0.20 4.866.6317.8417.06 8.38     7/31/2000
Small Cap Value 370AVFIX 0.81         0.81 2.913.0318.3716.68 8.16     12/31/1998
Stephens Mid-Cap Growth 3421SFMIX 1.06         1.01Φ 6.657.6215.5617.08 9.73     8/31/2006
Stephens Small Cap Growth 3426STSIX 1.10         1.10 5.254.8913.7017.10 9.40     8/31/2006
The London Company Income Equity 3860ABCIX 0.83         0.80± 0.989.0015.19- 16.26     5/29/2012
Treasury Inflation Protected Securities 2038ATPIX 0.40         0.30Φ 1.07-2.14-0.722.22 3.49     6/30/2004
Zebra Global Equity 1960AZLIX 2.56         0.80± 0.82-0.8112.3912.93 12.24     6/01/2010
Zebra Small Cap Equity 1961AZSIX 1.65         1.00± 3.696.2218.2017.06 15.79     6/01/2010


Investor
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Acadian Emerging Markets Managed Volatility** 4806ACDPX 2.43         1.74£ 1.86-4.16-- 2.92     9/27/2013
AHL Managed Futures Strategy 4816AHLPX 2.67         1.93¥ -1.56--- 11.47     8/19/2014
Bahl & Gaynor Small Cap Growth 4821GBSPX 2.00         1.37Φ 2.06--- 9.28     7/15/2014
Balanced 98AABPX 0.93         0.93 0.352.3611.8911.59 6.21     8/01/1994
Bridgeway Large Cap Value 3417BWLIX 1.12         1.12 1.947.0420.1518.24 8.76     2/03/2012Instl 10/31/03
Crescent Short Duration High Income 4826ACHPX 1.94         1.25£ 2.07--- 0.13     10/01/2014
Earnest Partners Emerging Markets Equity** 4801ABEVX 4.39         1.74£ -1.71-8.34-- -4.35     9/19/2013
Emerging Markets** 105AAEPX 1.89         1.80Ω 0.88-12.062.552.17 6.46     10/01/2002
Flexible Bond 94AFXPX 1.44         1.28± 0.49-0.771.32- 2.36     7/05/2011
Global Evolution Frontier Markets Income** 3866AGEPX 1.80         1.55£ 1.43-0.92-- 3.05     2/25/2014
High Yield Bond** 1902AHYPX 1.11         1.10Ω 2.02-4.325.437.13 5.95     3/01/2002
Holland Large Cap Growth 3432LHGFX 1.16         1.16 4.117.1615.0515.97 7.79     4/29/1996
Intermediate Bond 2258ABIPX 0.91         0.80Ω -0.351.171.372.67 4.15     3/02/2009Instl 9/15/97
International Equity 100AAIPX 1.06         1.06 6.68-4.1712.4510.04 5.23     8/01/1994
Ionic Strategic Arbitrage Fund 4831IONPX 4.59         3.76 ----      6/30/2015
Large Cap Value 99AAGPX 0.94         0.94 1.093.4917.5616.02 7.03     8/01/1994
Mid-Cap Value 2246AMPAX 1.15         1.15 3.114.1219.0917.52 8.70     2/28/2006AMR 6/30/04, Instl 11/30/05
Retirement Income and Appreciation 2013AANPX 1.16         1.16 0.240.963.974.43 4.72     6/30/2003
S&P 500 Index 904AAFPX 0.58         0.58 0.956.7916.5916.62 7.30     3/02/1998
SGA Global Growth 4811SGAPX 5.29         1.37£ 5.036.0610.49- 9.72     10/04/2013Instl 12/31/10
Short-Term Bond 101AALPX 0.91         0.80Ω 0.15-0.050.460.81 2.28     8/01/1994
SiM High Yield Opportunities** 2238SHYPX 1.11         1.11 2.640.908.38- 7.24     2/14/2011
Small Cap Value 748AVPAX 1.17         1.17 2.722.6617.9616.24 7.81     2/28/1999
Stephens Mid-Cap Growth 3422STMGX 1.28         1.37Φ 6.487.2115.1316.70 7.78     2/01/2006
Stephens Small Cap Growth 3427STSGX 1.33         1.37 5.094.5213.3816.78 8.12     12/01/2005
The London Company Income Equity 3861ABCVX 1.07         1.11 0.788.6714.79- 15.87     5/29/2012
Treasury Inflation Protected Securities 2259ABTPX 0.81         0.69Φ 0.78-2.59-1.131.80 3.21     3/02/2009Instl 6/30/04
Zebra Global Equity 1526AZLPX 2.88         1.18± 0.64-1.2211.9712.50 11.82     6/01/2010
Zebra Small Cap Equity 1527AZSPX 1.87         1.38± 3.475.8717.7416.62 15.34     6/01/2010


Advisor
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Balanced 2162ABLSX 1.08         1.08 0.292.2811.7611.43 5.99     5/31/2005Inv 8/1/94
International Equity 2035AAISX 1.20         1.20 6.58-4.3412.289.84 5.00     5/01/2003
Large Cap Value 2163AVASX 1.08         1.08 0.993.3417.4015.86 6.84     5/31/2005Inv 8/1/94
Mid-Cap Value 2249AMCSX 1.42         1.42 3.003.7618.7117.03 8.47     6/29/2007AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Small Cap Value 2036AASSX 1.30         1.30 2.702.5117.8016.09 7.62     5/01/2003


Retirement
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
International Equity 2202ABIRX 1.47         1.47 6.41-4.6612.009.65 4.89     5/01/2009Adv 5/1/03
Large Cap Value 2201ALCRX 1.33         1.33 0.903.0717.0815.54 6.64     5/01/2009Inv 8/1/94, Adv 5/31/05
Small Cap Value 2203ASCVX 1.58         1.58 2.552.2617.4615.77 7.44     5/01/2009Inv 2/28/99, Adv 5/1/03


Y
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Acadian Emerging Markets Managed Volatility** 4809ACDYX 2.13         1.46£ 1.95-3.97-- 3.20     9/27/2013
AHL Managed Futures Strategy 4819AHLYX 2.39         1.65¥ -1.46--- 11.68     8/19/2014
Bahl & Gaynor Small Cap Growth 4824GBSYX 1.72         1.09Φ 2.15--- 9.58     7/15/2014
Balanced 2285ACBYX 0.68         0.68 0.562.7112.1811.87 6.48     3/01/2010Instl 7/17/87
Bridgeway Large Cap Value 3420BWLYX 0.85         0.85 2.107.3520.4418.44 8.85     2/03/2012Instl 10/31/03
Crescent Short Duration High Income 4829ACHYX 1.66         0.97£ 2.22--- 0.24     10/01/2014
Earnest Partners Emerging Markets Equity** 4804ABEGX 4.09         1.46£ -1.28-7.82-- -3.94     9/19/2013
Emerging Markets** 2288ACEYX 1.55         1.46Ω 1.14-11.692.892.49 6.78     3/01/2010Instl 7/31/00
Flexible Bond 2210AFXYX 1.30         1.00± 0.64-0.451.59- 2.55     7/05/2011
Global Evolution Frontier Markets Income** 3869AGEYX 1.52         1.27£ 1.55-0.65-- 3.41     2/25/2014
High Yield Bond** 2289ACYYX 0.94         0.95 2.09-3.885.707.22 6.12     3/01/2010Instl 12/29/00
Holland Large Cap Growth 3435LHGYX 1.12         1.00Φ 4.157.2515.2516.17 7.89     3/23/2012Inv 4/29/96, Instl 3/1/10
Intermediate Bond 2294ACTYX 0.71         0.66Ω -0.371.261.502.89 4.33     3/01/2010Instl 9/15/97
International Equity 2291ABEYX 0.83         0.83 6.77-3.9912.7210.30 5.50     8/03/2009Instl 8/7/91
Ionic Strategic Arbitrage Fund 4834IONYX 4.31         3.48 ----      6/30/2015
Large Cap Value 2290ABLYX 0.68         0.68 1.213.7317.8616.33 7.31     8/03/2009Instl 7/17/87
Mid-Cap Value 2287ACMYX 1.00         1.00 3.234.2419.2617.56 8.85     3/01/2010AMR 6/30/04, Instl 11/30/05
Retirement Income and Appreciation 2293ACRYX 0.91         0.81Ω 0.321.214.314.73 4.87     3/01/2010Inv 6/30/03
SGA Global Growth 4814SGAYX 3.85         1.09£ 5.246.3410.67- 9.84     10/04/2013Instl 12/31/10
Short-Term Bond 2295ACOYX 0.73         0.65Ω 0.340.210.761.05 2.63     3/01/2010Instl 12/3/87
SiM High Yield Opportunities** 2299SHOYX 0.94         0.94 2.771.158.60- 7.55     2/14/2011
Small Cap Value 2292ABSYX 0.90         0.90 2.862.9018.2516.56 8.08     8/03/2009Instl 12/31/98
Stephens Mid-Cap Growth 3425SMFYX 1.11         1.11 6.567.5215.5116.94 7.90     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3430SPWYX 1.18         1.18 5.204.8413.6116.95 8.21     2/24/2012Inv 12/1/05
The London Company Income Equity 3864ABCYX 0.90         0.90 0.958.8815.09- 16.17     5/29/2012
Treasury Inflation Protected Securities 2296ACUYX 0.63         0.61Φ 0.77-2.48-1.041.86 3.30     3/01/2010Instl 6/30/04
Zebra Global Equity 2283AZLYX 2.51         0.90± 0.73-1.0512.2112.90 12.13     6/01/2010
Zebra Small Cap Equity 2284AZSYX 1.66         1.10± 3.656.1618.0917.04 15.68     6/01/2010


A
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Acadian Emerging Markets Managed Volatility** 4807ACDAX 2.46         1.76£ 1.86-4.17-- 2.87     9/27/2013
AHL Managed Futures Strategy 4817AHLAX 2.69         1.95¥ -1.56--- 11.47     8/19/2014
Bahl & Gaynor Small Cap Growth 4822GBSAX 2.02         1.39Φ 1.96--- 9.18     7/15/2014
Balanced 1509ABFAX 0.97         0.97 0.292.3311.7711.44 6.15     5/17/2010Inv 8/1/94
Bridgeway Large Cap Value 3418BWLAX 1.15         1.15 1.907.0019.9918.13 8.71     2/03/2012Instl 10/31/03
Crescent Short Duration High Income 4827ACHAX 1.96         1.27£ 2.06--- 0.01     10/01/2014
Earnest Partners Emerging Markets Equity** 4802ABEAX 5.52         1.76£ -1.60-8.25-- -4.35     9/19/2013
Emerging Markets** 1515AEMAX 1.76         1.80 0.88-11.982.592.18 6.45     5/17/2010Inv 10/1/02
Flexible Bond 1540AFXAX 1.69         1.30± 0.48-0.711.23- 2.20     7/05/2011
Global Evolution Frontier Markets Income** 3867AGUAX 1.86         1.57£ 1.28-0.97-- 2.97     2/25/2014
High Yield Bond** 1516ABHAX 1.24         1.03Ω 2.06-4.235.467.15 5.97     5/17/2010Inv 3/1/02
Holland Large Cap Growth 3433LHGAX 1.31         1.30Φ 4.067.0914.9315.86 7.74     2/01/2010Inv 4/29/96
Intermediate Bond 1519AITAX 1.00         0.90Ω -0.401.061.232.50 4.06     5/17/2010Instl 9/15/97, Inv 3/2/09
International Equity 1525AIEAX 1.09         1.09 6.57-4.2812.299.88 5.16     5/17/2010Inv 8/1/94
Ionic Strategic Arbitrage Fund 4832IONAX 4.61         3.78 ----      6/30/2015
Large Cap Value 1510ALVAX 0.98         0.98 1.063.4117.4015.86 6.96     5/17/2010Inv 8/1/94
Mid-Cap Value 1517ABMAX 1.29         1.29 3.073.9218.8217.06 8.49     5/17/2010AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Retirement Income and Appreciation 1521AAPAX 1.21         1.05Ω 0.191.014.004.42 4.72     5/17/2010Inv 6/30/03
SGA Global Growth 4812SGAAX 4.16         1.39£ 5.036.0610.47- 9.70     10/04/2013Instl 12/31/10
Short-Term Bond 1520ANSAX 1.05         0.76Ω 0.17-0.010.490.75 2.25     5/17/2010Inv 8/1/94
SiM High Yield Opportunities** 1539SHOAX 1.33         1.24± 2.620.748.19- 7.15     2/14/2011
Small Cap Value 1513ABSAX 1.21         1.23 2.712.5917.8216.07 7.73     5/17/2010Inv 2/28/99
Stephens Mid-Cap Growth 3423SMFAX 1.41         1.40Φ 6.437.2315.0216.65 7.76     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3428SPWAX 1.48         1.52 5.124.5513.2016.65 8.06     2/24/2012Inv 12/1/05
The London Company Income Equity 3862ABCAX 1.29         1.20± 0.808.5914.63- 15.72     5/29/2012
Treasury Inflation Protected Securities 1518ATSAX 0.94         0.90Φ 0.68-2.70-1.341.52 3.07     5/17/2010Instl 6/30/04, Inv 3/2/09
Zebra Global Equity 1523AZLAX 3.03         1.20± 0.63-1.2111.8912.51 11.73     6/01/2010
Zebra Small Cap Equity 1524AZSAX 2.06         1.40± 3.475.8117.6416.63 15.25     6/01/2010


Select
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Money Market Select Fund 1201ASRXX 0.13         0.13 0.050.090.110.14 1.60     12/31/1999
U.S. Government Money Market 1901AAOXX 0.14         0.14 0.010.010.030.05 1.47     12/01/2001


C
Fund NameFund
Number
TickerGross
Expense
Ratio
Net
Expense
Ratio
YTD*1 YR3 YR5 YR10 YR / Since
Inception
Inception
Date
Previous Class
Inception
Date
Acadian Emerging Markets Managed Volatility** 4808ACDCX 3.23         2.51£ 1.38-4.98-- 2.05     9/27/2013
AHL Managed Futures Strategy 4818AHLCX 3.44         2.70¥ -1.93--- 10.76     8/19/2014
Bahl & Gaynor Small Cap Growth 4823GBSCX 2.77         2.14Φ 1.69--- 8.48     7/15/2014
Balanced 3740ABCCX 1.73         1.73 -0.021.5910.9610.64 5.76     9/01/2010Inv 8/1/94
Bridgeway Large Cap Value 3419BWLCX 1.88         1.88 1.556.1819.1717.57 8.46     2/03/2012Instl 10/31/03
Crescent Short Duration High Income 4828ACHCX 2.71         2.02£ 1.69--- -0.54     10/01/2014
Earnest Partners Emerging Markets Equity** 4803ABETX 6.28         2.51£ -1.94-8.90-- -5.05     9/19/2013
Emerging Markets** 3745AEMCX 2.50         2.55 0.59-12.581.841.45 6.08     9/01/2010Inv 10/1/02
Flexible Bond 3765AFXCX 2.44         2.05± 0.07-1.590.46- 1.59     7/05/2011
Global Evolution Frontier Markets Income** 3868AGECX 2.99         2.32£ 0.90-1.76-- 2.04     2/25/2014
High Yield Bond** 3746AHBCX 2.00         1.78Ω 1.67-4.964.686.33 5.55     9/01/2010Inv 3/1/02
Holland Large Cap Growth 3434LHGCX 2.06         2.05Φ 3.686.2914.0415.29 7.47     3/23/2012Inv 4/29/96, A 2/1/10
Intermediate Bond 3749AIBCX 1.78         1.65Ω -0.760.300.471.77 3.69     9/01/2010Instl 9/15/97, Inv 3/2/09
International Equity 3742AILCX 1.84         1.84 6.21-4.9711.489.07 4.77     9/01/2010Inv 8/1/94
Ionic Strategic Arbitrage Fund 4833IONCX 5.36         4.53 ----      6/30/2015
Large Cap Value 3741ALVCX 1.73         1.73 0.702.6616.5015.01 6.56     9/01/2010Inv 8/1/94
Mid-Cap Value 3747AMCCX 2.08         2.08 2.713.1117.9216.23 8.10     9/01/2010AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Retirement Income and Appreciation 3751ABACX 1.96         1.87Ω -0.110.163.143.60 4.30     9/01/2010Inv 6/30/03
SGA Global Growth 4813SGACX 4.74         2.14£ 4.715.289.98- 9.38     10/04/2013Instl 12/31/10
Short-Term Bond 3750ATBCX 1.78         1.51Ω -0.19-0.73-0.280.05 1.89     9/01/2010Inv 8/1/94
SiM High Yield Opportunities** 3764SHOCX 2.08         1.99± 2.240.017.41- 6.40     2/14/2011
Small Cap Value 3743ASVCX 1.98         1.98 2.311.8116.9315.19 7.33     9/01/2010Inv 2/28/99
Stephens Mid-Cap Growth 3424SMFCX 2.18         2.16Φ 6.036.4214.2516.09 7.48     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3429SPWCX 2.23         2.28 4.653.6812.3416.06 7.78     2/24/2012Inv 12/1/05
The London Company Income Equity 3863ABECX 2.03         1.95± 0.397.7413.78- 14.85     5/29/2012
Treasury Inflation Protected Securities 3748ATSCX 1.69         1.68Φ 0.30-3.49-2.150.75 2.68     9/01/2010Instl 6/30/04, Inv 3/2/09
Zebra Global Equity 3753AZLCX 3.72         1.95± 0.28-1.9811.0411.59 10.93     9/01/2010Inv 6/1/10
Zebra Small Cap Equity 3754AZSCX 2.82         2.15± 3.075.0216.7415.67 14.41     9/01/2010Inv 6/1/10

*Not Annualized. **Redemption fee (2%, 90-day holding period).

Performance shown is historical and is not indicative of future returns. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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 call 800-967-9009 or visit americanbeaconfunds.com.

Important Information: All investing involves risk, including possible loss of principal. 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.

Maximum Sales Charge is the maximum front-end sales charge (load) imposed on purchases (as a % offering price). Maximum deferred sales charges: A Class – 0.50%. A contingent deferred sales charge (“CDSC”) of 0.50% will be charged on certain purchases of $1,000,000 or more of A Class shares that are redeemed in whole or part within 18 months of purchase.

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.

Maximum Sales Charge is 5.75% for the following Funds: Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Balanced, Bridgeway Large Cap Value, Earnest Partners Emerging Markets Equity, Emerging Markets, Holland Large Cap Growth, International Equity, Large Cap Value, Mid-Cap Value, SGA Global Growth, Small Cap Value, Stephens Mid-Cap Growth, Stephens Small Cap Growth, The London Company Income Equity, Zebra Global Equity and Zebra Small Cap Equity Funds.

Maximum Sales Charge is 4.75% for the following Funds: Flexible Bond, Global Evolution Frontier Markets Income, High Yield Bond, Intermediate Bond, SiM High Yield Opportunities, and Treasury Inflation Protected Securities Funds.

Maximum Sales Charge is 2.50% for the following Funds: Crescent Short Duration High Income, Retirement Income and Appreciation and Short-Term Bond Funds.

An investment in the American Beacon Money Market Select and American Beacon U.S. Government Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.

EXPENSE RATIOS ASSOCIATED WITH THE FUNDS:

¥The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through April 29, 2016.
The Net Expense Ratio may reflect waivers/reimbursements and expenses that American Beacon Advisors has recovered during the period.
£The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through May 30, 2016.
±The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through December 31, 2015.
The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through April 30, 2017.
ΩThe Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through February 28, 2016.
ΦThe Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through April 30, 2016.

RISKS ASSOCIATED WITH THE FUNDS:
Acadian Emerging Markets Managed Volatility Fund Risk: Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in lower volatility securities may produce more modest gains than other stock funds as a trade-off for the potentially lower downside risk. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

AHL Managed Futures Strategy Fund Risk: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Bahl & Gaynor Small Cap Growth Fund Risk: Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Balanced Fund Risk: The use of fixed-income securities entails interest rate and credit risks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Bridgeway Large Cap Value Fund Risk: Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. While the Fund is managed pursuant to a tax management strategy, the Fund’s investments could create capital gains. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Crescent Short Duration High Income Fund Risk: The Fund’s investments in high yield securities, including loans, restricted securities and floating rate securities are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Earnest Partners Emerging Markets Equity Fund Risk: Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in small- and medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Emerging Markets Fund Risk: Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Flexible Bond Fund Risk: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. Investments in high yield securities are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Although the Fund has a flexible approach to investing, diversification does not ensure against loss. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Global Evolution Frontier Markets Income Fund Risk: Investing in foreign, emerging and frontier market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of fixed-income securities entails interest rate and credit risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

High Yield Bond Fund Risk: Investments in high yield securities are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in small- and medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Holland Large Cap Growth Fund Risk: Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Intermediate Bond Fund Risk: The use of fixed-income securities entails interest rate and credit risks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

International Equity Fund Risk: Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

International Equity Index Fund Risk: Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Large Cap Value Fund Risk: Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Mid-Cap Value Fund Risk: Investing in medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Money Market Select Fund Risk: An investment in the American Beacon Money Market Select 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 the Fund.

Retirement Income and Appreciation Fund Risk: The use of fixed-income securities entails interest rate and credit risks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

S&P 500 Index Fund Risk: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

SGA Global Growth Fund Risk: Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Short-Term Bond Fund Risk: The use of fixed-income securities entails interest rate and credit risks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

SiM High Yield Opportunities Fund Risk: Investments in high yield securities are subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. Investing in foreign and emerging market securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Small Cap Index Fund Risk: Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Small Cap Value Fund Risk: Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in value stocks may limit downside risk over time; however, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Stephens Mid-Cap Growth Fund Risk: Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Stephens Small Cap Growth Fund Risk: Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

The London Company Income Equity Fund Risk: Investing in small- and medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in dividend-paying stocks may result in less earnings growth or capital appreciation than investing in non-dividend paying stocks. The use of fixed-income securities entails interest rate and credit risks. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. The use of futures contracts for cash management may subject the Fund to losing more money than invested. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Treasury Inflation Protected Securities Fund Risk: U.S. Treasury securities are guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. They are also subject to credit and interest rate risks. In a period of sustained deflation, inflation-indexed securities may not pay any income and may suffer a loss. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

U.S. Government Money Market Select Fund Risk: An investment in the American Beacon U.S. Government Money Market Select 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 the Fund.

Zebra Global Equity Fund Risk: Investing in medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. At times, certain securities may have limited marketability and may be difficult to sell. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Zebra Small Cap Equity Fund Risk: Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. At times, certain securities may have limited marketability and may be difficult to sell. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund may participate in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

Please see the prospectus for a complete discussion of the Funds’ risks. There can be no assurances that the investment objectives of the Fund(s) will be met.

Performance associated with the INSTITUTIONAL Class Funds: A portion of fees charged to the Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Crescent Short Duration High Income, Earnest Partners Emerging Markets Equity, Flexible Bond, Global Evolution Frontier Markets Income, SGA Global Growth, SiM High Yield Opportunities, Zebra Global Equity and Zebra Small Cap Equity Funds has been waived since inception. Performance prior to waiving fees was lower than actual returns shown. A portion of fees charged to the Bridgeway Large Cap Value Fund was waived from 2008 through 2013 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2008 through 2013. A portion of fees charged to the Emerging Markets Fund has been waived since 2010. Performance prior to waiving fees was lower than actual returns shown since 2010. A portion of fees charged to the High Yield Bond Fund has been waived since 2013. Performance prior to waiving fees was lower than actual returns shown since 2013. A portion of fees charged to the Holland Large Cap Growth Fund was waived from 2010 through 2012 and partially recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the Mid-Cap Value Fund was waived from 2007 through 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2007 through 2013. A portion of fees charged to the Stephens Mid-Cap Growth Fund has been waived since 2006. Performance prior to waiving fees was lower than actual returns shown since 2006. A portion of fees charged to the Stephens Small Cap Growth Fund was waived from 2006 through 2013 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2006 through 2013. A portion of fees charged to The London Company Income Equity Fund was waived from 2012 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2012 through 2014. A portion of fees charged to the Treasury Inflation Protected Securities Fund has been waived since 2005. Performance prior to waiving fees was lower than actual returns shown since 2005.

Performance associated with the INVESTOR Class Funds: A portion of fees charged to the Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Crescent Short Duration High Income, Earnest Partners Emerging Markets Equity, Flexible Bond, Global Evolution Frontier Markets Income, SGA Global Growth, Treasury Inflation Protected Securities, Zebra Global Equity and Zebra Small Cap Equity Funds has been waived since inception. Performance prior to waiving fees was lower than actual returns shown. A portion of fees charged to the Bridgeway Large Cap Value Fund was waived in 2012 and fully recovered in 2013. Performance prior to waiving fees was lower than actual returns shown for 2012. A portion of fees charged to the Emerging Markets Fund has been waived since 2010. Performance prior to waiving fees was lower than actual returns shown since 2010. A portion of fees charged to the High Yield Bond Fund has been waived since 2013. Performance prior to waiving fees was lower than actual returns shown since 2013. A portion of fees charged to the Holland Large Cap Growth Fund was waived from 2002 through 2012 and fully recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown from 2002 through 2012. A portion of fees charged to the Intermediate Bond Fund has been waived since 2009. Performance prior to waiving fees was lower than actual returns shown since 2009. A portion of fees charged to the Mid-Cap Value Fund was waived from 2006 through 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2006 through 2013. A portion of fees charged to the Short-Term Bond Fund has been waived since 2005. Performance prior to waiving fees was lower than actual returns shown since 2005. A portion of fees charged to the SiM High Yield Opportunities Fund was waived in 2011 and 2012 and fully recovered in 2013. Performance prior to waiving fees was lower than actual returns shown for 2011 and 2012. A portion of fees charged to the Stephens Mid-Cap Growth Fund was waived from 2006 through 2013 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2006 through 2013. A portion of fees charged to the Stephens Small Cap Growth Fund was waived from 2005 through 2013 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2005 through 2013. A portion of fees charged to The London Company Income Equity Fund was waived from 2012 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2012 through 2014.

Performance associated with the ADVISOR Class Funds: A portion of fees charged to the Balanced Fund was waived in 2005. Performance prior to waiving fees was lower than actual returns shown for 2005. A portion of fees charged to the International Equity Fund was waived from 2006 through 2007 and in 2009. Performance prior to waiving fees was lower than actual returns shown for these periods. A portion of fees charged to the Large Cap Value Fund was waived in 2005 and 2009. Performance prior to waiving fees was lower than actual returns shown for these periods. A portion of fees charged to the Mid-Cap Value Fund was waived from 2007 through 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2007 through 2013. A portion of fees charged to the Small Cap Value Fund was waived in 2009. Performance prior to waiving fees was lower than actual returns shown for 2009.

Performance associated with the RETIREMENT Class Funds: A portion of fees charged to the International Equity Fund was waived from 2010 through 2012 and partially recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012.

Performance associated with the Y Class Funds: A portion of fees charged to the Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Crescent Short Duration High Income, Earnest Partners Emerging Markets Equity, Flexible Bond, Global Evolution Frontier Markets Income, SGA Global Growth, Zebra Global Equity and Zebra Small Cap Equity Funds has been waived since inception. Performance prior to waiving fees was lower than actual returns shown. A portion of fees charged to the Balanced Fund was waived in 2011, partially recovered in 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown for 2011. A portion of fees charged to the Bridgeway Large Cap Value Fund was waived in 2012 and fully recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown for 2012. A portion of fees charged to the High Yield Bond Fund was waived from 2011 through 2013 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2011 through 2013. A portion of fees charged to the Holland Large Cap Growth Fund was waived in 2012, partially recovered in 2013 and waived in 2014. Performance prior to waiving fees was lower than actual returns shown for 2012 and 2014. A portion of fees charged to the Emerging Markets, Intermediate Bond and Short Term Bond Funds has been waived since 2010. Performance prior to waiving fees was lower than actual returns shown since 2010. A portion of fees charged to the Mid-Cap Value Fund was waived from 2010 through 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2013. A portion of fees charged to the Retirement Income and Appreciation and Treasury Inflation Protected Securities Funds has been waived since 2011. Performance prior to waiving fees was lower than actual returns shown since 2011. A portion of fees charged to the SiM High Yield Opportunities Fund was waived from 2011 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2011 through 2014. A portion of fees charged to the Stephens Mid-Cap Growth Fund has been waived since 2012 and partially recovered in 2014. Performance prior to waiving fees was lower than actual returns shown since 2012. A portion of fees charged to the Stephens Small Cap Growth Fund was waived in 2012 and 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown for 2012 and 2013. A portion of fees charged to The London Company Income Equity Fund was waived from 2012 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2012 through 2014.

Performance associated with the A Class Funds: A portion of fees charged to the Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Crescent Short Duration High Income, Earnest Partners Emerging Markets Equity, Flexible Bond, Global Evolution Frontier Markets Income, SGA Global Growth, Zebra Global Equity and Zebra Small Cap Equity Funds has been waived since inception. Performance prior to waiving fees was lower than actual returns shown. A portion of fees charged to the Balanced Fund was waived in 2011 and 2012 and recovered in 2014. Performance prior to waiving fees was lower than actual returns shown for 2011 and 2012. A portion of fees charged to the Bridgeway Large Cap Value Fund was waived in 2012 and 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown for 2012 and 2013. A portion of fees charged to the Emerging Markets, High Yield Bond, Holland Large Cap Growth, Intermediate Bond, Retirement Income and Appreciation and Short-Term Bond Funds has been waived since 2010. Performance prior to waiving fees was lower than actual returns shown since 2010. A portion of fees charged to the International Equity Fund was waived from 2010 through 2012 and partially recovered in 2013. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the Mid-Cap Value Fund was waived from 2010 through 2012 and fully recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the SiM High Yield Opportunities Fund was waived from 2011 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2011 through 2014. A portion of fees charged to the Small Cap Value Fund was waived in 2010 and since 2012. Performance prior to waiving fees was lower than actual returns shown for these periods. A portion of fees charged to the Stephens Mid-Cap Growth Fund has been waived since 2012. Performance prior to waiving fees was lower than actual returns shown since 2012. A portion of fees charged to the Stephens Small Cap Growth Fund was waived in 2012 and partially recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown for 2012. A portion of fees charged to The London Company Income Equity Fund was waived from 2012 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2012 through 2014. A portion of fees charged to the Treasury Inflation Protected Securities Fund has been waived since 2011. Performance prior to waiving fees was lower than actual returns shown since 2011.

Performance associated with the C Class Funds: A portion of fees charged to the Acadian Emerging Markets Managed Volatility, AHL Managed Futures Strategy, Bahl & Gaynor Small Cap Growth, Crescent Short Duration High Income, Earnest Partners Emerging Markets Equity, Flexible Bond, Global Evolution Frontier Markets Income, SGA Global Growth, Zebra Global Equity and Zebra Small Cap Equity Funds has been waived since inception. Performance prior to waiving fees was lower than actual returns shown. A portion of fees charged to the Balanced Fund was waived from 2010 through 2012, partially recovered in 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the Bridgeway Large Cap Value Fund was waived in 2012 and 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown for 2012 and 2013. A portion of fees charged to the Emerging Markets, High Yield Bond, Intermediate Bond, Retirement Income and Appreciation and Short-Term Bond Funds has been waived since 2010. Performance prior to waiving fees was lower than actual returns shown since 2010. A portion of fees charged to the Holland Large Cap Growth and Stephens Mid-Cap Growth Funds has been waived since 2012. Performance prior to waiving fees was lower than actual returns shown since 2012. A portion of fees charged to the International Equity Fund was waived from 2010 through 2012 and partially recovered in 2013. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the Large Cap Value Fund was waived from 2010 through 2012 and partially recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2012. A portion of fees charged to the Mid-Cap Value Fund was waived from 2010 through 2013 and fully recovered in 2014. Performance prior to waiving fees was lower than actual returns shown from 2010 through 2013. A portion of fees charged to the SiM High Yield Opportunities Fund was waived from 2011 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2011 through 2014. A portion of fees charged to the Small Cap Value Fund was waived in 2010 and since 2012. Performance prior to waiving fees was lower than actual returns shown for these periods. A portion of fees charged to the Stephens Small Cap Growth Fund was waived in 2012 and partially recovered in 2013 and 2014. Performance prior to waiving fees was lower than actual returns shown for 2012. A portion of The London Company Income Equity Fund was waived from 2012 through 2014 and partially recovered in 2015. Performance prior to waiving fees was lower than actual returns shown from 2012 through 2014. A portion of fees charged to the Treasury Inflation Protected Securities Fund has been waived since 2011. Performance prior to waiving fees was lower than actual returns shown since 2011.

Performance for classes with an Inception Date within 10 Years / Since Inception: For any Class of a 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. Specific information about any Fund may be found at americanbeaconfunds.com or in the prospectus.

S&P is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use. “Standard and Poor’s®,” “S&P®,” “Standard & Poor’s 500,” “S&P 500®” and “500” are all trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Street Bank and Trust Company. The S&P 500 Index Fund is not sponsored, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in this Fund.