Month-End Fund Performance

American Beacon Month-End Fund Performance

Information as of 03/31/2014

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. The inception date shown is for the earliest class. 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 2.01         1.36£ -0.59--- 1.55     9/27/2013
Balanced 65AADBX 0.61         0.61 3.0016.0111.8916.38 7.19     7/17/1987
Bridgeway Large Cap Value 3416BRLVX 1.73         0.84Φ 3.3724.4316.6423.04 8.92     10/31/2003
Earnest Partners Emerging Markets Equity** 4800ABEEX 2.06         1.36± 1.78--- -2.80     9/19/2013
Emerging Markets** 1950AEMFX 1.65         1.36Ω 0.000.87-2.8014.07 9.02     7/31/2000
Flexible Bond 63AFXIX 1.24         0.92± 1.14-1.06-- 3.57     7/05/2011
Global Evolution Frontier Markets Income** 3865AGEIX 1.85         1.16£ ---- 1.12     2/25/2014
High Yield Bond** 1409AYBFX 0.92         0.92 3.137.628.1716.44 7.12     12/29/2000
Holland Large Cap Growth 3431LHGIX 1.33         0.90Φ -0.4519.7113.2720.60 6.83     3/01/2010Inv 4/29/96
Intermediate Bond 2066AABDX 0.33         0.33 1.560.033.624.85      9/15/1997
International Equity 67AAIEX 0.73         0.73 0.2521.938.4017.32 7.24     8/07/1991
International Equity Index 1952AIIIX 0.19         0.19 0.7017.187.1515.79 6.48     7/31/2000
Large Cap Value 66AADEX 0.59         0.59 3.0624.8215.3822.24 8.37     7/17/1987
Mid-Cap Value 2167AACIX 1.00         0.99Ω 2.7125.9015.9426.77 9.94     11/30/2005AMR 6/30/04
S&P 500 Index 902AASPX 0.15         0.15 1.7921.6914.4921.05 7.31     12/31/1996
SGA Global Growth 4810SGAGX 5.18         0.99£ -1.749.7610.18- 11.09     12/31/2010
Short-Term Bond 2067AASBX 0.38         0.38 0.400.701.372.33      12/03/1987
SiM High Yield Opportunities** 1941SHOIX 0.93         0.84± 3.488.5410.13- 9.67     2/14/2011
Small Cap Index 1951ASCIX 0.21         0.21 1.0824.9513.1124.30 8.47     7/31/2000
Small Cap Value 370AVFIX 0.84         0.84 1.6525.2113.5626.20 9.14     12/31/1998
Stephens Mid-Cap Growth 3421SFMIX 1.29         1.00Φ 0.2520.9713.4823.33 10.03     8/31/2006
Stephens Small Cap Growth 3426STSIX 1.22         1.11Φ -1.7423.1814.3125.35 10.48     8/31/2006
The London Company Income Equity 3860ABCIX 1.14         0.80± 3.1717.13-- 19.50     5/29/2012
Treasury Inflation Protected Securities 2038ATPIX 0.37         0.27Φ 0.97-5.092.103.91 4.09     6/30/2004
Zebra Global Equity 1960AZLIX 2.57         0.80± 2.6118.1911.02- 15.44     6/01/2010
Zebra Small Cap Equity 1961AZSIX 2.78         1.00± -1.0525.2314.26- 18.71     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 2.38         1.74£ -0.69--- 1.35     9/27/2013
Balanced 98AABPX 0.93         0.93 2.8815.6111.4915.98 6.87     8/01/1994
Bridgeway Large Cap Value 3417BWLIX 2.26         1.22Φ 3.3424.0516.3622.87 8.84     2/03/2012Instl 10/31/03
Earnest Partners Emerging Markets Equity** 4801ABEVX 2.43         1.74± 1.68--- -3.00     9/19/2013
Emerging Markets** 105AAEPX 1.96         1.80Ω -0.090.50-3.2013.61 8.64     10/01/2002
Flexible Bond 94AFXPX 1.56         1.29± 1.14-1.33-- 3.34     7/05/2011
Global Evolution Frontier Markets Income** 3866AGEPX 2.22         1.54£ ---- 1.10     2/25/2014
High Yield Bond** 1902AHYPX 1.14         1.10Ω 2.967.267.9216.13 6.85     3/01/2002
Holland Large Cap Growth 3432LHGFX 1.45         1.28Φ -0.4919.3112.9420.34 6.72     4/29/1996
Intermediate Bond 2258ABIPX 0.87         0.79Ω 1.35-1.002.964.23      3/02/2009Instl 9/15/97
International Equity 100AAIPX 1.05         1.05 0.1521.458.0316.90 6.92     8/01/1994
Large Cap Value 99AAGPX 0.94         0.94 3.0124.4414.9821.82 8.04     8/01/1994
Mid-Cap Value 2246AMPAX 1.26         1.24Ω 2.6125.5615.6526.61 9.77     2/28/2006AMR 6/30/04, Instl 11/30/05
Retirement Income and Appreciation 2013AANPX 1.12         1.12 1.963.804.417.10 4.60     6/30/2003
S&P 500 Index 904AAFPX 0.63         0.63 1.6921.1013.9620.52 6.82     3/02/1998
SGA Global Growth 4811SGAPX 5.56         1.37£ -1.819.5110.10- 11.01     10/04/2013Instl 12/31/10
Short-Term Bond 101AALPX 0.90         0.79Ω 0.310.290.981.93 2.32     8/01/1994
SiM High Yield Opportunities** 2238SHYPX 1.15         1.17± 3.428.239.73- 9.17     2/14/2011
Small Cap Value 748AVPAX 1.20         1.20 1.5524.7913.1525.74 8.81     2/28/1999
Small Cap Value II 749ABBVX 3.12         1.38 2.8723.80-- 20.03     11/15/2011
Stephens Mid-Cap Growth 3422STMGX 1.68         1.38Φ 0.1720.5613.1322.99 7.82     2/01/2006
Stephens Small Cap Growth 3427STSGX 1.58         1.37Φ -1.8322.8114.0025.01 8.95     12/01/2005
The London Company Income Equity 3861ABCVX 1.55         1.18± 3.2417.01-- 19.29     5/29/2012
Treasury Inflation Protected Securities 2259ABTPX 0.77         0.69Φ 0.88-5.401.683.49 3.88     3/02/2009Instl 6/30/04
Zebra Global Equity 1526AZLPX 2.91         1.18± 2.4417.6910.56- 14.99     6/01/2010
Zebra Small Cap Equity 1527AZSPX 3.08         1.38± -1.1124.7213.83- 18.25     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 2.8215.4611.3115.79 6.65     5/31/2005Inv 8/1/94
International Equity 2035AAISX 1.21         1.21Ω 0.1021.327.8316.65 6.66     5/01/2003
Large Cap Value 2163AVASX 1.08         1.08 2.9624.2314.8221.65 7.86     5/31/2005Inv 8/1/94
Mid-Cap Value 2249AMCSX 1.62         1.50Ω 2.6125.3215.3926.18 9.58     6/29/2007AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Small Cap Value 2036AASSX 1.33         1.33 1.5324.6113.0025.58 8.59     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         1.48Ω 0.0521.017.6616.50 6.59     5/01/2009Adv 5/1/03
Large Cap Value 2201ALCRX 1.34         1.34 2.8923.9414.4721.29 7.70     5/01/2009Inv 8/1/94, Adv 5/31/05
Small Cap Value 2203ASCVX 1.62         1.62 1.4724.3012.6725.26 8.45     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 2.11         1.46£ -0.59--- 1.45     9/27/2013
Balanced 2285ACBYX 0.69         0.71 3.0015.9011.7516.27 7.14     3/01/2010Instl 7/17/87
Bridgeway Large Cap Value 3420BWLYX 3.75         0.94Φ 3.3724.3016.5522.99 8.89     2/03/2012Instl 10/31/03
Earnest Partners Emerging Markets Equity** 4804ABEGX 2.16         1.46± 1.78--- -2.90     9/19/2013
Emerging Markets** 2288ACEYX 1.76         1.46Ω -0.170.69-2.9813.92 8.95     3/01/2010Instl 7/31/00
Flexible Bond 2210AFXYX 1.28         1.01± 1.11-1.14-- 3.48     7/05/2011
Global Evolution Frontier Markets Income** 3869AGEYX 1.95         1.26£ ---- 1.23     2/25/2014
High Yield Bond** 2289ACYYX 1.03         0.99Ω 3.107.387.8116.25 7.03     3/01/2010Instl 12/29/00
Holland Large Cap Growth 3435LHGYX 10.19         1.00Φ -0.4519.5813.1820.54 6.81     3/23/2012Inv 4/29/96, Instl 3/1/10
Intermediate Bond 2294ACTYX 0.67         0.65Ω 1.48-0.433.284.67      3/01/2010Instl 9/15/97
International Equity 2291ABEYX 0.86         0.86 0.1921.738.2817.21 7.19     8/03/2009Instl 8/7/91
Large Cap Value 2290ABLYX 0.67         0.67 3.0824.7715.2922.14 8.33     8/03/2009Instl 7/17/87
Mid-Cap Value 2287ACMYX 1.12         1.09Ω 2.7325.8315.8326.69 9.91     3/01/2010AMR 6/30/04, Instl 11/30/05
Retirement Income and Appreciation 2293ACRYX 0.84         0.81Ω 1.954.084.707.32 4.70     3/01/2010Inv 6/30/03
SGA Global Growth 4814SGAYX 5.28         1.09£ -1.749.6810.15- 11.06     10/04/2013Instl 12/31/10
Short-Term Bond 2295ACOYX 0.72         0.64Ω 0.340.321.232.22      3/01/2010Instl 12/3/87
SiM High Yield Opportunities** 2299SHOYX 0.99         0.94± 3.458.439.97- 9.51     2/14/2011
Small Cap Value 2292ABSYX 0.93         0.93 1.6325.1213.4426.03 9.07     8/03/2009Instl 12/31/98
Small Cap Value II 2211ABBYX 2.83         1.10 2.9224.11-- 20.35     11/15/2011
Stephens Mid-Cap Growth 3425SMFYX 3.86         1.10Φ 0.2020.9113.3823.15 7.91     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3430SPWYX 2.07         1.21Φ -1.8023.0514.1725.12 9.01     2/24/2012Inv 12/1/05
The London Company Income Equity 3864ABCYX 1.10         0.90± 3.1617.09-- 19.48     5/29/2012
Treasury Inflation Protected Securities 2296ACUYX 0.62         0.61Φ 0.87-5.341.743.62 3.95     3/01/2010Instl 6/30/04
Zebra Global Equity 2283AZLYX 2.59         0.90± 2.5118.0110.89- 15.34     6/01/2010
Zebra Small Cap Equity 2284AZSYX 2.80         1.10± -1.0425.0414.15- 18.59     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 2.51         1.86£ -0.69--- 1.25     9/27/2013
Balanced** 1509ABFAX 1.11         1.11Ω 2.8115.4011.3115.85 6.81     5/17/2010Inv 8/1/94
Bridgeway Large Cap Value 3418BWLAX 2.21         1.34Φ 3.3023.8016.2222.78 8.80     2/03/2012Instl 10/31/03
Earnest Partners Emerging Markets Equity** 4802ABEAX 2.56         1.86± 1.68--- -3.10     9/19/2013
Emerging Markets** 1515AEMAX 2.20         1.80Ω -0.170.45-3.2413.58 8.62     5/17/2010Inv 10/1/02
Flexible Bond 1540AFXAX 1.69         1.41± 1.02-1.54-- 3.09     7/05/2011
Global Evolution Frontier Markets Income** 3867AGUAX 2.35         1.66£ ---- 1.08     2/25/2014
High Yield Bond** 1516ABHAX 1.39         1.13Ω 3.077.357.9416.19 6.88     5/17/2010Inv 3/1/02
Holland Large Cap Growth 3433LHGAX 2.74         1.40Φ -0.5719.0812.8220.25 6.68     2/01/2010Inv 4/29/96
Intermediate Bond 1519AITAX 1.11         0.99Ω 1.30-0.712.964.19      5/17/2010Instl 9/15/97, Inv 3/2/09
International Equity 1525AIEAX 1.22         1.26Ω 0.1021.237.8516.75 6.85     5/17/2010Inv 8/1/94
Large Cap Value 1510ALVAX 1.09         1.09 2.9824.2514.7921.68 7.98     5/17/2010Inv 8/1/94
Mid-Cap Value 1517ABMAX 1.49         1.50Ω 2.6225.3215.3826.19 9.58     5/17/2010AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Retirement Income and Appreciation 1521AAPAX 1.24         1.15Ω 1.953.804.407.09 4.59     5/17/2010Inv 6/30/03
SGA Global Growth 4812SGAAX 5.68         1.49£ -1.819.5110.10- 11.01     10/04/2013Instl 12/31/10
Short-Term Bond 1520ANSAX 1.13         0.85Ω 0.410.240.901.87 2.29     5/17/2010Inv 8/1/94
SiM High Yield Opportunities** 1539SHOAX 1.41         1.34± 3.358.079.60- 9.11     2/14/2011
Small Cap Value 1513ABSAX 1.37         1.34Ω 1.5724.6212.9425.57 8.74     5/17/2010Inv 2/28/99
Stephens Mid-Cap Growth 3423SMFAX 1.84         1.50Φ 0.1720.4313.0622.95 7.80     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3428SPWAX 2.10         1.61Φ -1.8922.5913.8324.89 8.89     2/24/2012Inv 12/1/05
The London Company Income Equity 3862ABCAX 1.60         1.30± 3.0616.70-- 18.99     5/29/2012
Treasury Inflation Protected Securities 1518ATSAX 1.07         1.00Φ 0.88-5.671.353.23 3.74     5/17/2010Instl 6/30/04, Inv 3/2/09
Zebra Global Equity 1523AZLAX 2.94         1.30± 2.4217.5510.46- 14.87     6/01/2010
Zebra Small Cap Equity 1524AZSAX 3.23         1.50± -1.1124.5813.68- 18.15     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 0.020.090.140.18 1.83     12/31/1999
U.S. Government Money Market 1901AAOXX 0.15         0.15 0.000.010.050.09 1.71     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 3.26         2.61£ -0.89--- 0.85     9/27/2013
Balanced 3740ABCCX 1.85         1.86 2.6514.5310.5015.21 6.51     9/01/2010Inv 8/1/94
Bridgeway Large Cap Value 3419BWLCX 6.81         2.09Φ 3.1022.9315.6822.43 8.65     2/03/2012Instl 10/31/03
Earnest Partners Emerging Markets Equity** 4803ABETX 3.31         2.61± 1.58--- -3.40     9/19/2013
Emerging Markets** 3745AEMCX 3.27         2.55Ω -0.35-0.30-3.9612.98 8.34     9/01/2010Inv 10/1/02
Flexible Bond 3765AFXCX 2.45         2.16± 0.85-2.16-- 2.59     7/05/2011
Global Evolution Frontier Markets Income** 3868AGECX 3.10         2.41£ ---- 0.84     2/25/2014
High Yield Bond** 3746AHBCX 2.13         1.88Ω 2.776.447.1415.49 6.56     9/01/2010Inv 3/1/02
Holland Large Cap Growth 3434LHGCX 6.18         2.15Φ -0.7418.2012.2419.89 6.52     3/23/2012Inv 4/29/96, A 2/1/10
Intermediate Bond 3749AIBCX 1.94         1.74Ω 1.21-1.372.193.66      9/01/2010Instl 9/15/97, Inv 3/2/09
International Equity 3742AILCX 1.96         2.00Ω -0.1020.347.0516.10 6.55     9/01/2010Inv 8/1/94
Large Cap Value 3741ALVCX 1.85         1.92 2.7823.2713.9121.00 7.68     9/01/2010Inv 8/1/94
Mid-Cap Value 3747AMCCX 2.26         2.25Ω 2.4524.3414.4925.53 9.29     9/01/2010AMR 6/30/04, Instl 11/30/05, Inv 2/28/06
Retirement Income and Appreciation 3751ABACX 2.00         1.97Ω 1.652.913.536.45 4.28     9/01/2010Inv 6/30/03
SGA Global Growth 4813SGACX 6.43         2.24£ -2.049.039.93- 10.86     10/04/2013Instl 12/31/10
Short-Term Bond 3750ATBCX 1.89         1.60Ω 0.12-0.490.161.33 2.02     9/01/2010Inv 8/1/94
SiM High Yield Opportunities** 3764SHOCX 2.15         2.09± 3.257.348.81- 8.36     2/14/2011
Small Cap Value 3743ASVCX 2.11         2.09Ω 1.3623.6612.0624.87 8.43     9/01/2010Inv 2/28/99
Stephens Mid-Cap Growth 3424SMFCX 14.55         2.25Φ -0.0619.4812.4922.58 7.60     2/24/2012Inv 2/1/06
Stephens Small Cap Growth 3429SPWCX 6.17         2.36Φ -2.0421.6113.2524.51 8.69     2/24/2012Inv 12/1/05
The London Company Income Equity 3863ABECX 2.27         2.05± 2.8715.82-- 18.12     5/29/2012
Treasury Inflation Protected Securities 3748ATSCX 1.79         1.78Φ 0.60-6.510.572.66 3.45     9/01/2010Instl 6/30/04, Inv 3/2/09
Zebra Global Equity 3753AZLCX 3.75         2.05± 2.2616.729.65- 14.08     9/01/2010Inv 6/1/10
Zebra Small Cap Equity 3754AZSCX 3.96         2.25± -1.2723.7012.86- 17.31     9/01/2010Inv 6/1/10

* Not Annualized.

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: 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 5.75% for the following Funds: Balanced, Bridgeway Large Cap Value, Emerging Markets, Holland Large Cap Growth, International Equity, Large Cap Value, Mid-Cap Value, Small Cap Value, Stephens Mid-Cap Growth, Stephens Small Cap Growth, The London Company Income Equity, Zebra Global Equity and Zebra Small Cap Equity.

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

Maximum Sales Charge is 2.50% for the following Funds: Retirement and Appreciation Fund and Short-Term Bond Fund.

EXPENSE RATIOS ASSOCIATED WITH THE FUNDS:

American Beacon Advisors has contractually agreed to waive and/or reimburse the Y and Investor Classes of the Fund for other expenses through February 28, 2014.
§The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through December 31, 2014.
£The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through May 30, 2015.
±The Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through December 31, 2013.
The fees and expenses shown in the table include both the expenses of the Fund and the Fund's share of the allocated expenses of the Portfolio of State Street Master Funds.
ΩThe Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through February 28, 2014.
ΦThe Net Expense Ratio may reflect fees and expenses that American Beacon Advisors has contractually agreed to reduce and/or reimburse through April 30, 2014.



RISKS ASSOCIATED WITH THE FUNDS:

Debt Risk (applies to Balanced, High Yield Bond, Intermediate Bond, Retirement Income & Appreciation, Short-Term Bond and Treasury Inflation Protected Securities Funds): Investing in debt securities entails interest rate risk, which is the risk that debt securities will decrease in value with increases in market interest rates.

Futures Risk
(applies to Balanced, Bridgeway Large Cap Value, Emerging Markets, Holland Large Cap Growth, International Equity, Large Cap Value, Mid-Cap Value, Small Cap Value, Stephens Mid-Cap Growth, Stephens Small Cap Growth and Zebra Small Cap Equity Funds): The Fund may invest in futures contracts, which are a type of derivative investment. Investing in derivatives could result in losing more than the amount invested.

Foreign Securities Risk
(applies to Balanced, Bridgeway Large Cap Value, Emerging Markets, High Yield Bond, Holland Large Cap Growth, Intermediate Bond, International Equity, International Equity Index, Large Cap Value, Mid-Cap Value, Retirement Income & Appreciation, Short-Term Bond, Small Cap Value, Stephens Mid-Cap Growth, Stephens Small Cap Growth and Zebra Small Cap Equity Funds): Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards.

Small and Mid-Capitalization Risk
(applies to Balanced, High Yield Bond, Mid-Cap Value, Small Cap Index, Small Cap Value, Stephens Mid-Cap Growth, Stephens Small Cap Growth and Zebra Small Cap Equity Funds): The Fund invests in small and/or mid-sized companies, which involves additional risks such as limited liquidity and greater volatility than larger companies.

Value Risk
(applies to Balanced, Bridgeway Large Cap Value, International Equity, Large Cap Value, Mid-Cap Value and Small Cap Value Funds): The intrinsic value of stocks selected for the Fund may never be realized by the market, and the prices of value stocks may go down. While investing in value stocks may limit downside risk over time, the Fund may produce more modest gains than riskier stock funds as a trade-off for this potentially lower risk.

Credit Risk
(applies to Balanced, High Yield Bond, Intermediate Bond, Retirement Income & Appreciation, Short-Term Bond and Treasury Inflation Protected Securities Funds): Credit risk is the risk that the issuer of a bond will fail to make timely payment of interest or principal; and the decline in an issuer's credit rating can cause the price of its bonds to go down.

Emerging Markets Risk
(applies to the Emerging Markets Fund): The risks of investing in foreign equities are heightened when investing in emerging markets.

Flexible Bond Fund Risk:
Because the Fund has a flexible approach to investing, the risks of the Fund are likewise varied. The primary risks fall into one of several broad categories including high yield securities risk, credit risk, foreign investment risk, derivatives risk, interest rate risk and non-diversification risk. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when more advantageous. Investing in derivatives could result in losing more than the amount invested. Diversification does not ensure against loss. Investing in debt securities entails interest rate risk, which is the risk that debt securities will decrease in value with increases in market interest rates. Bonds and bond funds with longer durations tend to be more sensitive and more volatile than securities with shorter durations; bond prices generally fall as interest rates rise.

High Yield Risk
(applies to the High Yield Bond Fund): Investing in high yield securities involves additional risks when compared to investing in investment-grade securities. These include a greater risk of default or bankruptcy and an increased sensitivity to financial difficulties or changes in interest rates.

Growth Risk
(applies to Holland Large Cap Growth, Stephens Mid-Cap Growth and Stephens Small Cap Growth Funds): Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales.

Concentrated Holdings Risk
(applies to Holland Large Cap Growth Fund): Because the Fund may invest in fewer companies than a more diversified portfolio, the fluctuating value of a single holding may have a greater impact on the value of the Fund.

SiM High Yield Opportunities Fund Risk: This Fund typically invests in a variety of domestic and foreign high-yield, high risk securities. Investing in high-yield securities involves additional risks when compared to investing in investment-grade securities. These include a greater risk of default or bankruptcy and an increased sensitivity to financial difficulties or changes in interest rates. These risks are enhanced through the use of derivative securities, foreign and emerging markets securities.

Derivatives Risk (applies to S&P 500 Index Fund): The Fund invests in derivatives, which may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when more advantageous. Investing in derivatives could result in losing more than the amount invested.

The London Company Income Equity Fund Risk: The Fund's primary risks include focused holdings risk, interest rate risk, small and medium capitalization risk, foreign exposure risk, futures contracts risk, dividend risk and credit risk. These risks may expose the Fund's investments to greater price fluctuations than the market as a whole. Because the Fund is a focused portfolio of fewer companies, the increase or decrease of the value of a single stock may have a greater impact on the Fund's NAV and total return when compared to other diversified funds. Investing in debt securities entails interest rate risk, which is the risk that debt securities will decrease in value with increases in market interest rates. The Fund invests in small and/or mid-sized companies, which involves additional risks such as limited liquidity and greater volatility than larger companies. Investing in foreign equities entails additional risk not associated with domestic equities, such as currency fluctuations, economic and political instability and differences in accounting standards. The Fund may invest in futures contracts, which are a type of derivative investment. Investing in derivatives could result in losing more than the amount invested. Investing in dividend-paying stocks entails dividend risk, which is the risk that a stock may not experience the same level of earnings growth or capital appreciation as non-dividend paying stocks. Credit risk is the risk that the decline in an issuer’s credit rating may have an adverse impact on the value of that security.

Limited Marketability Risk (applies to Zebra Small Cap Equity Fund): At times, certain securities may have limited marketability and may be difficult to sell.

Deflation Risk (applies to Treasury Inflation Protected Securities Fund): In a period of sustained deflation, the inflation-indexed securities may not pay any income and may suffer a loss.

U.S. Government Securities Risk (applies to Treasury Inflation Protected Securities Fund): A security backed by the U.S. Treasury is 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 risk and interest rate risk.

Securities Lending Risk (applies to International Equity, International Equity Index, Small Cap Value, Stephens Small Cap Growth and Zebra Small Cap Equity Funds): The Fund may participate in a securities lending program.

Zebra Global Equity Fund Risk: All investing involves risk including the possible loss of principal. The Fund’s investments in equity securities may include large and mid-cap U.S. and non-U.S. common stocks, preferred stocks, securities convertible into or exchangeable for common stocks, REITs, ADRs and MLPs. The Fund may participate in a securities lending program. The Fund may invest in futures contracts, a type of derivative investment. Investing in derivatives could result in losing more than the amount invested. Investing in foreign securities entails additional risk not associated with domestic securities, such as currency fluctuations, economic and political instability and differences in accounting standards. At times, certain securities may have limited marketability and may be difficult to sell.

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(s) will be met.

Performance associated with the INSTITUTIONAL class Funds: A portion of the fees charged to the Institutional Class of the Mid-Cap Value Fund has been waived since 2007. Performance prior to waiving fees was lower than the actual returns shown since 2007. A portion of the fees charged to the Institutional Class of the High Yield Bond Fund was waived through 2004. Performance prior to waiving fees was lower than the actual returns shown through 2004. A portion of the fees charged to the Institutional Class of the Treasury Inflation Protected Securities Fund has been waived since 2005. Performance prior to waiving fees was lower than the actual returns shown since 2005. A portion of the fees charged to the Institutional Class of the Bridgeway Large Cap Value Fund was waived since 2008. Performance prior to waiving fees was lower than the actual returns shown since 2008.

Performance associated with the INVESTOR class Funds: A portion of the fees charged to the Investor Class of the Mid-Cap Value Fund has been waived since 2006. Performance prior to waiving fees was lower than the actual returns shown since 2006. A portion of the fees charged to the Investor Class of the Short-Term Bond Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown. A portion of the fees charged to the Investor Class of the Bridgeway Large Cap Value Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012. A portion of the fees charged to the Investor Class of the Treasury Inflation Protected Securities Fund was waived from its inception. Performance prior to waiving fees was lower than the actual returns shown since inception.

Performance associated with the ADVISOR class Funds: A portion of the fees charged to the Advisor Class of the Balanced Fund was waived in 2005. Performance prior to waiving fees was lower than the actual returns shown for 2005. A portion of the fees charged to the Advisor Class of the Large Cap Value Fund was waived in 2005. Performance prior to waiving fees was lower than the actual returns shown for 2005. A portion of the fees charged to the Advisor Class of the Small Cap Value Fund was waived through 2004. Performance prior to waiving fees was lower than the actual returns shown for periods through 2004. A portion of the fees charged to the Advisor Class of the International Equity Fund was waived in 2007 and 2009. Performance prior to waiving fees was lower than the actual returns shown for those periods. A portion of the fees charged to the Advisor Class of the Mid-Cap Value Fund has been waived since 2007. Performance prior to waiving fees was lower than the actual returns shown since 2007.

Performance associated with the Y CLASS Funds: A portion of the fees charged to the Y Class of the Bridgeway Large Cap Value Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012. A portion of the fees charged to the Y Class of the Short-Term Bond Fund was waived since 2010. Performance prior to waiving fees was lower than the actual returns shown since 2010. A portion of the fees charged to the Y Class of the Treasury Inflation Protected Securities Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012.

Performance associated with the A CLASS Funds: A portion of the fees charged to the A Class of the Bridgeway Large Cap Value Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012. A portion of the fees charged to the A Class of the Short-Term Bond Fund was waived since 2010. Performance prior to waiving fees was lower than the actual returns shown since 2010. A portion of the fees charged to the A Class of the Treasury Inflation Protected Securities Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012.

Performance associated with the C CLASS Funds: A portion of the fees charged to the C Class of the Bridgeway Large Cap Value Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012. A portion of the fees charged to the C Class of the Short-Term Bond Fund was waived since 2010. Performance prior to waiving fees was lower than the actual returns shown since 2010. A portion of the fees charged to the C Class of the Treasury Inflation Protected Securities Fund was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012.

Performance associated with each class of the Funds: A portion of the fees charged to each Class of the Flexible Bond, SiM High Yield Opportunities, The London Company Income Equity, Zebra Global Equity and Zebra Small Cap Equity Funds was waived since inception. A portion of the fees charged to each Class of the Holland Large Cap Growth Fund was waived since 2002. Performance prior to waiving fees was lower than the actual returns shown since 2002. A portion of the fees charged to each Class of the Stephens Mid-Cap Growth and Stephens Small Cap Growth Funds was waived since 2012. Performance prior to waiving fees was lower than the actual returns shown since 2012. A portion of the fees charged to the U.S. Government Money Market Select Fund has been waived. Performance prior to waiving fees was lower than the actual returns shown.

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.