Growth companies are expected to increase their earnings at a certain rate. When these expectations are not met, the prices of these stocks may go down, even if earnings showed an absolute increase. Growth company stocks also typically lack the dividend yield that can cushion stock prices in market downturns. Different investment styles tend to shift in an out favor, depending on market conditions and investor sentiment. A Fund’s growth style could cause it to underperform funds that use a value or non-growth approach to investing or have a broader investment style.
Interest Rate Risk
A Fund is subject to the risk that the market value of the preferred stocks or fixed income securities it holds, particularly mortgage backed and other asset backed securities, will decline due to rising interest rates. When interest rates rise, the prices of most preferred stocks or fixed income securities go down. The prices of fixed income securities are also affected by their maturity. Fixed income securities with longer maturities generally have greater sensitivity to changes in interest rates.
Investment Risk
An investment in a Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. When you sell your shares of a Fund, they could be worth less than what you paid for them. Therefore, you may lose money by investing in a Fund.
Issuer Risk
The value of a security may decline for a number of reasons which directly relate to the issuer, such as management performance, financial leverage and reduced demand for the issuer’s goods or services, as well as the historical and prospective earnings of the issuer and the value of its assets.
Large Capitalization Companies Risk
The securities of large market capitalization companies may underperform other segments of the market because such companies may be less responsive to competitive challenges and opportunities and may be unable to attain high growth rates during periods of economic expansion.
Market Events Risk
Turbulence in financial markets and reduced liquidity in equity, credit and fixed income markets may negatively affect many issuers worldwide which could adversely affect the Funds.
Market Risk
Market risks, including political, regulatory, market and economic developments, and developments that impact specific economic sectors, industries or segments of the market, can affect the value of a Fund’s shares. Equity investments are subject to stock market risk, which involves the possibility that the value of a Fund’s investments in stocks will decline due to drops in the stock market due to general market, regulatory, political and economic conditions. These fluctuations could be a sustained trend or a drastic movement. The stock markets generally move in cycles, with periods of rising prices followed by periods of declining prices. The value of your investment may reflect these fluctuations.
Fixed-income market risks include political, regulatory, market and economic developments, including developments that impact specific economic sectors, industries or segments of the market. There is a risk that the lack of liquidity or other adverse credit market conditions may hamper a Fund’s ability to purchase and sell the debt securities. Fixed income market risk also involves the possibility that the value of a Fund’s investments in high yield securities will decline due to drops in the overall high yield bond market. Changes in the economic climate, investor perceptions and stock market volatility also can cause the prices of a Fund’s fixed-income and high yield investments to decline regardless of the conditions of the issuers held by a Fund.
From time to time, certain investments held by a Fund may have limited marketability and may be difficult to sell at favorable times or prices. If a Fund is forced to sell such holdings to meet redemption requests or other cash needs, a Fund may have to sell them at a loss.
Mid-Capitalization Companies Risk
Investments in mid-capitalization companies generally involve greater risks and the possibility of greater price volatility than investments in larger, more established companies. Mid-capitalization companies often have narrower commercial markets and more limited operating history, product lines, and managerial and financial resources than larger, more established companies. As a result, performance can be more volatile and they face greater risk of business failure, which could increase the volatility of a fund’s portfolio. Generally, the smaller the company size, the greater these risks. Additionally, mid-capitalization companies may have less market liquidity than large-capitalization companies, and they can be sensitive to changes in interest rates, borrowing costs and earnings.
Other Investment Companies Risk
A Fund may invest in shares of other registered investment companies, including ETFs, business development companies, and money market funds. To the extent that a Fund invests in shares of other registered investment companies, you will indirectly bear fees and expenses charged by the underlying funds in addition to a Fund’s direct fees and expenses and will be subject to the risks associated with investments in those funds.
Securities Lending Risk
A Fund may lend its portfolio securities to brokers, dealers and financial institutions to seek income. There is a risk that a borrower may default on its obligations to return loaned securities, however, a Fund’s securities lending agent may indemnify a Fund against that risk. The Fund will be responsible for the risks associated with the investment of cash collateral, including any collateral invested in an affiliated money market fund. A Fund may lose money on its investment of cash collateral or may fail to earn sufficient income on its investment to meet obligations to the borrower. In addition, delays may occur in the recovery of securities from borrowers, which could interfere with a Fund’s ability to vote proxies or to settle transactions
Securities Selection Risk
Securities selected by the sub-advisor or the Manager may not perform to expectations. This could result in a Fund’s underperformance compared to other funds with similar investment objectives.
Small Capitalization Companies Risk
Investments in small capitalization companies generally involve greater risks and the possibility of greater price volatility than investments in larger capitalization and more established companies. Small capitalization companies often have narrower commercial markets and more limited operating history, product lines, and managerial and financial resources than larger, more established companies. As a result, performance can be more volatile and they face greater risk of business
failure, which could increase the volatility of a Fund’s portfolio. Generally, the smaller the company size, the greater these risks. Additionally, small capitalization companies may have less market liquidity than larger capitalization companies, and they can be sensitive to changes in interest rates, borrowing costs and earnings. Generally, the smaller the company size, the greater these risks.
Value Companies Risk
Investments in value stocks are subject to the risk that their intrinsic value may never be realized by the market or that their prices may go down. This may result in the value stocks’ prices remaining undervalued for extended periods of time. While a Fund’s investments in value stocks may limit its downside risk over time, a Fund may produce more modest gains than riskier other stock funds as a trade-off for this potentially lower risk. A Fund’s performance also may be affected adversely if value stocks become unpopular with or lose favor among investors. Different investment styles tend to shift in and out favor, depending on market conditions and investor sentiment. A Fund’s value style could cause it to underperform funds that use a growth or non-value approach to investing or have a broader investment style.
Additional Information About Performance Benchmarks
In this prospectus, the annual total return of each Fund is compared to a broad-based market index and a composite of mutual funds. Set forth below is additional information regarding the index and composite to which each Fund’s performance is compared.
American Beacon Bridgeway Large Cap Value Fund
|
|
|
The Fund’s performance is compared to the Russell 1000
®
Value Index and the Lipper Large-Cap Value Funds Index.
|
●
|
The Russell 1000
®
Value Index is an unmanaged index of those stocks in the Russell 1000
®
Index with lower price-to-book ratios and lower forecasted growth values.
|
●
|
The Lipper Large-Cap Value Funds Index is a composite of mutual funds compiled by Lipper, Inc. (“Lipper”) and tracks the results of the 30 largest mutual funds in the Lipper Large-Cap Value Funds category.
|
|
American Beacon Holland Large Cap Growth Fund
|
|
|
The Fund’s performance is compared to the Russell 1000
®
Growth Index and the Lipper Large-Cap Growth Funds Index.
|
●
|
The Russell 1000 Growth Index is an unmanaged index of those stocks in the Russell 1000 Index with higher price-to-book ratios and higher forecasted growth values.
|
●
|
The Lipper Large-Cap Growth Funds Index is a composite of mutual funds compiled by Lipper, Inc. (“Lipper”) and tracks the results of the 30 largest mutual funds in the Lipper Large-Cap Growth Funds category.
|
|
American Beacon Stephens Small Cap Growth Fund
|
|
The Fund’s performance is compared to the Russell 2000
®
Growth Index, the S&P 500
®
Index, and the Lipper Small-Cap Growth Funds Index.
|
●
|
The Russell 2000
®
Growth Index is an unmanaged index of those stocks in the Russell 2000
®
Index with higher price-to-book ratios and higher forecasted growth values. The Russell 2000
®
Index is an unmanaged index of approximately 2000 smaller-capitalization stocks from various industrial sectors.
|
●
|
The S&P 500
®
Index is an unmanaged index of common stocks publicly traded in the United States.
|
●
|
The Lipper Small-Cap Growth Funds Index is a composite of mutual funds compiled by Lipper, Inc. (“Lipper”) and tracks the results of the 30 largest mutual funds in the Lipper Small-Cap Growth Funds category.
|
|
|
American Beacon Stephens Mid-Cap Growth Fund
|
|
The Fund’s performance is compared to the Russell Midcap
®
Growth Index, the S&P 500
®
Index, and the Lipper Mid-Cap Growth Funds Index.
|
●
|
The Russell Midcap
®
Growth Index is an unmanaged index of those stocks in the Russell Midcap
®
Index with higher price-to-book ratios and higher forecasted growth values. The Russell Midcap
®
Index measures the performance of the 800 smallest companies in the Russell 1000
®
Index.
|
●
|
The S&P 500
®
Index is an unmanaged index of common stocks publicly traded in the United States.
|
●
|
The Lipper Mid-Cap Growth Funds Index is a composite of mutual funds compiled by Lipper, Inc. (“Lipper”) and tracks the results of the 30 largest mutual funds in the Lipper Mid-Cap Growth Funds category.
|
Notices Regarding Index Data:
Lipper is an independent mutual fund research and ranking service.
S&P is a trademark of The McGraw-Hill Companies, Inc.
Russell 1000
®
Index, Russell 1000
®
Value Index, Russell 1000 Growth Index, Russell 2000
®
Growth Index , Russell Midcap
®
Index, Russell Midcap
®
Growth Index are registered trademarks of Frank Russell Company
American Beacon Funds is not promoted, sponsored or endorsed by, nor in any way affiliated with Russell Investment Group (“Russell”). Russell is not responsible for and has not reviewed the American Beacon Bridgeway Large Cap Value Fund, American Beacon Holland Large Cap Growth Fund, American Beacon Stephens Small Cap Growth Fund, and American Beacon Stephens Mid-Cap Growth Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.
Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell Indexes. Russell has no obligation to take the needs of any particular fund or its participants or any other product or person into consideration in determining, composing or calculating any of the Russell Indexes.
Russell's publication of the Russell Indexes in no way suggests or implies an opinion by Russell as to the attractiveness or appropriateness of investment in any or all securities upon which the Russell Indexes are based. RUSSELL MAKES NO REPRESENTATION, WARRANTY, OR GUARANTEE AS TO THE ACCURACY, COMPLETENESS, RELIABILITY, OR OTHERWISE OF THE RUSSELL INDEXES OR ANY DATA INCLUDED IN THE RUSSELL INDEXES. RUSSELL MAKES NO REPRESENTATION, WARRANTY OR GUARANTEE REGARDING THE USE, OR THE RESULTS OF USE, OF THE RUSSELL INDEXES OR ANY DATA INCLUDED THEREIN, OR ANY SECURITY (OR COMBINATION THEREOF) COMPRISING THE RUSSELL INDEXES. RUSSELL MAKES NO OTHER EXPRESS OR IMPLIED WARRANTY, AND EXPRESSLY DISCLAIMS ANY WARRANTY, OF ANY KIND, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE RUSSELL INDEX(ES) OR ANY DATA OR ANY SECURITY (OR COMBINATION THEREOF) INCLUDED THEREIN.
Fund Management
American Beacon Advisors, Inc. serves as the Manager of the Funds. The Manager, located at 4151 Amon Carter Boulevard, MD 2450, Fort Worth, Texas 76155, is a wholly-owned subsidiary of Lighthouse Holdings, Inc. The Manager was organized in 1986 to provide investment management, advisory, and administrative services. As of December 31, 2012, the Manager had approximately $45.8 billion of assets under management.
The Manager is registered as an investment adviser under the Investment Advisers Act of 1940. The Manager is not registered as a commodity pool operator (“CPO”) with respect to the funds in this prospectus in reliance on the delayed compliance dated provided by No-Action Letter 1-38 of the Division of Swaps Dealer and Intermediary Oversight (“Division”) of the U.S.Commodity Futures Trading Commission (“CFTC”). Pursuant to this letter, the Manager is not required to register as a CPO, or rely on an exemption from registration, until the later of June 30, 2013 or six months from the date the Division issues revised guidance on the application of the calculation of the de minimis thresholds in the context of the CPO exemption in CFTC Regulation 4.5 (the “Deadline”). Prior to the Deadline, the Manager will determine whether it must register as a CPO or whether it may rely on an exemption or exclusion from registration with respect to the Funds.
The management fees, including sub-advisory fees, paid by the Funds for the fiscal year ended December 31, 2012 net of reimbursements and shown as a percentage of the average net assets, were as follows:
Fund
|
|
Management
Fees
|
American Beacon Bridgeway Large Cap Value Fund
|
|
0.50%
|
American Beacon Holland Large Cap Growth Fund
|
|
0.54%
|
American Beacon Stephens Small Cap Growth Fund
|
|
0.72%
|
American Beacon Stephens Mid-Cap Growth Fund
|
|
0.59%
|
The Manager also may receive up to 25% of the net monthly income generated from a Funds’ securities lending activities as compensation for oversight of the Funds' securities lending program, including the securities lending agent, Brown Brothers Harriman & Co. Currently, the Manager receives 10% of such income. The SEC has granted exemptive relief that permits the Funds to invest cash collateral received from securities lending transactions in shares of one or more private or registered investment companies managed by the Manager. As of the date of this prospectus, only the American Beacon Stephens Small Cap Growth Fund intends to engage in securities lending activities.
A discussion of the Board’s consideration and approval of the Management Agreement between the Funds and the Manager and the Investment Advisory Agreements between the sub-advisors and the Manager is available in the American Beacon Bridgeway Large Cap Value Fund’s annual report dated June 30, 2012, the American Beacon Holland Large Cap Growth Fund’s semi-annual report dated June 30, 2012, the American Beacon Stephens Small Cap Growth and American Beacon Stephens Mid-Cap Growth Funds’ semi-annual report dated May 31, 2012.
The team members listed below are responsible for the oversight of the sub-advisors, including reviewing the sub-advisors’ performance, allocating the Funds’ assets among the sub-advisor and the Manager, as applicable, and investing the portion of Fund assets that the sub-advisor determines should be allocated to short term investments.
Fund
|
|
Team Members
|
American Beacon Bridgeway Large Cap Value Fund
|
|
Adriana R. Posada, Wyatt L. Crumpler, Gene L. Needles
|
American Beacon Holland Large Cap Growth Fund
|
|
Cynthia M. Thatcher, Wyatt L. Crumpler, Gene L. Needles
|
American Beacon Stephens Small Cap Growth Fund
|
|
Cynthia M. Thatcher, Wyatt L. Crumpler, Gene L. Needles
|
American Beacon Stephens Mid-Cap Growth Fund
|
|
Cynthia M. Thatcher, Wyatt L. Crumpler, Gene L. Needles
|
Wyatt Crumpler is Chief Investment Officer and joined the Manager in January 2007. Gene L. Needles, Jr. has served as President and Chief Executive Officer of the Manager since April 2009. Prior to joining the Manager, Mr. Needles was President of Touchstone Investments from 2008 to 2009 and President and CEO of AIM Distributors from 2004 to 2007. Adriana R. Posada is Senior Portfolio Manager and joined the Asset Management team in October 1998. Cynthia M. Thatcher is Portfolio Manager, joined the Manager in December 1999, and is a CFA Charterholder. Messrs. Crumpler and Needles are responsible for recommending sub-advisors to the Funds’ Board of Trustees. Mses. Posada and Thatcher and Mr. Crumpler oversee the sub-advisors, review the sub-advisors’ performance and allocate the Funds’ assets between the sub-advisor and the Manager, as applicable.
The Sub-Advisors
Set forth below is a brief description of each sub-advisor and the portfolio managers with primary responsibility for the day-to-day management of the Funds. The Funds’ SAI provides additional information about the portfolio managers, including other accounts they manage, their ownership in the Funds they manage and their compensation.
BRIDGEWAY CAPITAL MANAGEMENT, INC. (“Bridgeway Capital”),
20 Greenway Plaza, Suite 450, Houston, Texas 77046, is a registered investment adviser. Bridgeway Capital is a Texas corporation that was organized in 1993. As of December 31, 2012,
Bridgeway Capital had approximately $2.0 billion in assets under management. Bridgeway Capital serves as sub-advisor to the American Beacon Bridgeway Large Cap Value Fund.
Investment decisions for the Fund are based on statistical models run by Bridgeway Capital’s Investment Management Team. Collectively, the following individuals are jointly and primarily responsible for the day-to-day management of the Fund’s portfolio.
John Montgomery is the investment management team leader and lead portfolio manager for the Fund. Mr. Montgomery founded Bridgeway Capital in 1993. Mr. Montgomery has served as Chairman of the Board and Chief Investment Officer since June 2010. Prior thereto, he served as President and portfolio manager from 1993 to June 2010. Mr. Montgomery was the investment management team leader of the Fund’s predecessor fund since its inception in 2003.
Elena Khoziaeva, CFA, is an investment management team member and began working at Bridgeway Capital in 1998. Ms. Khoziaeva has served as a portfolio manager since 2006. Her responsibilities include portfolio management, investment research, and statistical modeling. Ms. Khoziaeva was an investment management team member of the Fund’s predecessor fund since 2003.
Michael Whipple, CFA, is an investment management team member and began working at Bridgeway Capital in 2002. Mr. Whipple has served as a portfolio manager since 2006. His responsibilities include portfolio management, investment research, and statistical modeling. Mr. Whipple was an investment management team member of the Fund’s predecessor fund since 2003.
Rasool Shaik, CFA, is an investment management team member and began working for Bridgeway Capital in 2006. Mr. Shaik has served as a portfolio manager since October 2007. Prior thereto, he served as a Research Analyst from July 2006 to October 2007. His responsibilities include portfolio management, investment research, and statistical modeling. Mr. Shaik was an investment management team member of the Fund’s predecessor fund since 2006.
HOLLAND CAPITAL MANAGEMENT LLC (“Holland Capital”),
303 West Madison Street., Suite 700, Chicago, Illinois 60606, is a Delaware limited liability company founded in 1991. As of December 31, 2012, Holland Capital had approximately $2.8 billion in assets under management. Holland Capital serves as sub-advisor to the American Beacon Holland Large Cap Growth Fund.
The persons employed by or associated with Holland Capital who are primarily responsible for the day-to-day management of the Fund’s portfolio are Monica L. Walker and Carl R. Bhathena.
Monica L Walker, Chief Executive Officer, is a founding partner of Holland Capital Management, which was established in 1991. With over 30 years of financial services experience, including 23 years of investment management experience, Ms. Walker serves as Chief Investment Officer – Equity, responsible for execution of the firm’s large cap growth and mid cap growth equity strategies with a team of equity research analysts. She was a Portfolio Manager of the Fund’s predecessor fund since its inception in April 1996 and is primarily responsible for the day-to-day management of the Fund’s portfolio. She has worked as a member of the firm’s equity team and Investment Policy Committee since the firm’s inception 20 years ago.
Carl R. Bhathena is Co-Portfolio Manager of the firm’s large cap and mid cap growth equity strategies. As a Senior Equity Analyst, he is also responsible for fundamental research and valuation analysis within the technology sector of the market. Mr. Bhathena served as Co-Portfolio Manager of the Fund’s predecessor fund since 2009 and is jointly responsible for day-to-day management of the Fund’s portfolio. Since he joined Holland Capital in 1998, he has been a member of the firm’s equity team and Investment Policy Committee. Mr. Bhathena began his career with EVEREN Securities Inc. (formerly Kemper Securities Inc.) as an associate analyst in the company’s investment strategy group. Mr. Bhathena was later promoted to Vice President – Investment Strategist and performed aggregate fundamental qualitative and quantitative analysis on global financial markets, sectors, industry groups, and specific companies as well as economic and interest rate forecasting.
STEPHENS INVESTMENT MANAGEMENT GROUP, LLC (“SIMG”),
111 Center Street, Little Rock, Arkansas 72201, was founded in 2005 and is a subsidiary of Stephens Investments Holdings LLC, a privately held and family owned company. As of December 31, 2012, SIMG had approximately $1.2 billion in assets under management. SIMG serves as
sub-advisor to the American Beacon Stephens Small Cap Growth Fund and American Beacon Stephens Mid-Cap Growth Fund.
The persons who are primarily and jointly responsible for the day-to-day management of the Funds are listed below.
Ryan Crane is the Senior Portfolio Manager for the Funds and Chief Investment Officer of SIMG, and is primarily responsible for the day-to-day management of the Funds’ portfolios. Mr. Crane has served as Senior Portfolio Manager and Chief Investment Officer since SIMG was formed in 2005. Mr. Crane joined Stephens Inc., an affiliate of SIMG, in September of 2004 as a Senior Portfolio Manager in charge of small and small/mid-cap growth accounts. Prior to joining Stephens Inc., Mr. Crane worked for AIM Management Group (“AIM”) since 1994. While at AIM, Mr. Crane was the lead manager of the AIM Small Cap Growth Fund and served as co-manager on various other AIM funds. Mr. Crane is a CFA Charterholder.
John Thornton is the Co-Portfolio Manager of the Funds and is jointly responsible for the day-to-day management of the Funds’ portfolios. Mr. Thornton has served as Co-Portfolio Manager since SIMG was formed in 2005. Mr. Thornton joined Stephens Inc. in September of 2004 as a Co-Portfolio Manager in charge of small and small/mid-cap growth accounts. Prior to joining Stephens Inc., Mr. Thornton worked for AIM since 2000. While at AIM, Mr. Thornton was the senior analyst of the AIM Small Cap Growth Fund and various AIM technology funds. Mr. Thornton is a CFA Charterholder.
Kelly Ranucci is the Co-Portfolio Manager of the Funds and is jointly responsible for the day-to-day management of the Funds’ portfolios. Ms. Ranucci has served as Co-Portfolio Manager since March 2011. Prior thereto she was Senior Equity Analyst from March 2008 to March 2011 and Equity Analyst from September 2004 to March 2008. Ms. Ranucci joined Stephens Inc. in September of 2004 as an Equity Analyst of small/mid-cap growth accounts. Prior to joining Stephens Inc., Ms. Ranucci worked for AIM since 1994. While at AIM, Ms. Ranucci was responsible for research and analysis of small and medium capitalization securities for AIM’s Small Cap Growth and Mid-Cap Growth Funds. Ms. Ranucci is a CFA Charterholder.
Sam Chase is the Co-Portfolio Manager of the Funds and is jointly responsible for the day-to-day management of the Funds’ portfolios. Mr. Chase has served as Co-Portfolio Manager since March 2011. Prior thereto he was Senior Equity Analyst from March 2008 to March 2011 and Equity Analyst from September 2004 to March 2008. Mr. Chase joined Stephens Inc. in September of 2004 as an Equity Analyst of small/mid-cap growth accounts. Prior to joining Stephens Inc., Mr. Chase worked for AIM. While at AIM, Mr. Chase was responsible for research and analysis of small capitalization securities for AIM’s Small Cap Growth Fund. Mr. Chase is a CFA Charterholder.
Valuation of Shares
The price of each Fund’s shares is based on its net asset value (“NAV”) per share. Each Fund’s NAV is computed by adding total assets, subtracting all of the Fund’s liabilities, and dividing the result by the total number of shares outstanding.
The NAV of each class of a Fund’s shares is determined based on a pro rata allocation of the Fund’s investment income, expenses and total capital gains and losses. The Fund’s NAV per share is determined as of the close of the New York Stock Exchange (“NYSE”), generally 4:00 p.m. Eastern Time, on each day on which it is open for business.
Equity securities and certain derivative instruments that are traded on an exchange are valued based on market value. Debt securities and certain derivative instruments (other than short-term securities) usually are valued on the basis of prices provided by a pricing service. In some cases, the price of debt securities is determined using quotes obtained from brokers. Investments in other registered investment companies are valued at the closing net asset value per share of the other investment company on the day of valuation.
The valuation of certain fixed income securities will generally be based on prices determined as of the earlier closing time of the markets on which they primarily trade, unless a significant event has occurred.
Securities may be valued at fair value, as determined in good faith and pursuant to procedures approved by the Board of Trustees, under certain limited circumstances. For example, fair value pricing will be used when market quotations are not readily available or reliable, as determined by the Manager, such as when (i) trading for a security is restricted or stopped; (ii) a security’s trading market is closed (other than customary closings); or (iii) a security has been de-listed from a national exchange. A security with limited market liquidity may require fair value pricing if the Manager determines that the available price does not reflect the security’s true market value. In addition, if a significant event that the Manager determines to affect the value of one or more securities held by a Fund occurs after the close of a related exchange but before the determination of the Fund’s NAV, fair value pricing may be used on the affected security or securities. Fair value pricing under these procedures may be used by any of the Funds, but certain Funds are more likely to hold securities
requiring these procedures. Securities of small capitalization companies are more likely to require a fair value determination using these procedures because they are more thinly traded and less liquid than the securities of larger capitalization companies.
Attempts to determine the fair value of securities introduce an element of subjectivity to the pricing of securities. As a result, the price of a security determined through fair valuation techniques may differ from the price quoted or published by other sources and may not accurately reflect the market value of the security when trading resumes. If a reliable market quotation becomes available for a security formerly valued through fair valuation techniques, the Manager compares the new market quotation to the fair value price to evaluate the effectiveness of the Funds’ fair valuation procedures. If any significant discrepancies are found, the Manager may adjust the Funds’ fair valuation procedures.
About Your Investment
Choosing Your Share Class
Each share class of a Fund represents an investment in the same portfolio of securities for that Fund, but each class has its own sales charge and expense structure, allowing you to choose the class that best fits your situation.
Factors you should consider when choosing a class of shares include:
●
|
How long you expect to own the shares;
|
●
|
How much you intend to invest;
|
●
|
Total expenses associated with owning shares of each class;
|
●
|
Whether you qualify for any reduction or waiver of sales charges;
|
●
|
Whether you plan to take any distributions in the near future; and
|
●
|
Availability of share classes.
|
Each investor’s financial considerations are different. You should speak with your financial adviser to help you decide which share class is best for you.
Each Fund offers various classes of shares. Each class has a different combination of purchase restrictions, sales charges and ongoing fees, allowing you to choose the class that best meets your needs. The following table and sections explain the sales charges or other fees you may pay when investing in each class.
Share
Class
|
Minimum
Initial
Investment
|
Initial Sales Charge
|
Deferred
Sales
Charge
|
Annual
12b-1 Fee
|
Annual
Shareholder
Servicing Fee
|
A
|
$2,500
|
Up to 5.75%; may be reduced, waived or deferred for large purchases or certain investors. See
A Class Charges and Waivers
below.
|
None
|
Up to 0.25% of average daily assets
|
Up to 0.25% of average daily assets
|
C
|
$1,000
|
None
|
1% on redemptions within 12 months of purchasing shares
|
Up to 1% of average daily assets
|
Up to 0.25% of average daily assets
|
Investor
|
$2,500
|
None
|
None
|
None
|
Up to 0.375% of average daily assets
|
Y
|
$100,000
|
None
|
None
|
None
|
Up to 0.10% of average daily assets
|
Institutional
|
$250,000
|
None
|
None
|
None
|
None
|
A Class Shares
A Class shares of each Fund are available to eligible investors using intermediaries such as broker-dealers, at their offering price, which is equal to the NAV per share plus the applicable front-end sales charge that you pay when you buy your A Class shares. The front-end sales charge is generally deducted directly from the amount of your investment. A Class shares
are also subject to a Rule 12b-1 fee of up to 0.25% and a separate shareholder servicing fee of up to 0.25% of each Fund’s average daily net assets. The minimum initial investment is $2,500.
C Class Shares
C Class shares are available to eligible investors using intermediaries such as broker-dealers, at each Fund’s NAV per share, without an initial sales charge. If you sell your shares within 12 months after buying them, you will normally pay a contingent deferred sales charge (“CDSC”) of 1.00%. C Class shares also are subject to a Rule 12b-1 fee of up to 1.00% of each Fund’s average daily net assets and a separate shareholder servicing fee of up to 0.25% of each Fund’s average daily net assets. The minimum initial investment is $1,000.
Investor Class Shares
Investor Class shares are offered without a sales charge to eligible investors, including investors using intermediary organizations such as broker-dealers or plan sponsors and retirement accounts. Investor Class shares do not pay a Rule 12b-1 fee. Investor Class shares are subject to a separate shareholder servicing fee of up to 0.375% of each Fund’s average daily net assets. The minimum initial investment is $2,500.
Y Class Shares
Y Class shares are offered without a sales charge to eligible investors who make an initial investment of at least $100,000. Y Class shares do not pay a Rule 12b-1 fee. Y Class shares are subject to a shareholder servicing fee of up to 0.10% of each Fund’s average daily net assets.
Institutional Class Shares
Institutional Class shares are offered without a sales charge to eligible investors who make an initial investment of at least $250,000. Institutional Class shares do not pay a Rule 12b-1 or shareholder servicing fees.
A Class Charges and Waivers
The table below shows the amount of sales charges you will pay on purchases of A Class shares of the Funds both as a percentage of offering price and as a percentage of the amount you invest. The sales charge differs depending upon the Fund and the amount you invest and may be reduced or eliminated for larger purchases as indicated below. If you invest more, the sales charge will be lower.
Any applicable sales charge will be deducted directly from your investment. Because of rounding of the calculation in determining the sales charges, you may pay more or less than what is shown in the table below. Shares acquired through reinvestment of dividends or capital gain distributions are not subject to a front-end sales charge. You may qualify for a reduced sales charge or the sales charge may be waived as described below in “A Class Sales Charge Reductions and Waivers.”
Amount of Sale/
Account Value
|
|
As a % of
Offering
Price
|
|
As a % of
Investment
|
|
Dealer
Commission
as a % of
Offering Price
|
Less than $50,000
|
|
5.75%
|
|
6.10%
|
|
5.00%
|
$50,000 but less than $100,000
|
|
4.75%
|
|
4.99%
|
|
4.00%
|
$100,000 but less than $250,000
|
|
3.75%
|
|
3.90%
|
|
3.00%
|
$250,000 but less than $500,000
|
|
2.75%
|
|
2.83%
|
|
2.05%
|
$500,000 but less than $1 million
|
|
2.00%
|
|
2.04%
|
|
1.50%
|
$1 million and above
|
|
0.00%
|
|
0.00%
|
|
0.00%
|
Foreside Fund Services, LLC (the "Distributor") retains any portion of the commissions that are not paid to financial intermediaries for use solely to pay distribution-related expenses.
A Class Sales Charge Reductions & Waivers
A shareholder may qualify for a waiver or reduction in sales charges under certain circumstances. To receive a waiver or reduction in your A Class sales charge, you must advise the Funds’ transfer agent, your broker-dealer or other financial intermediary of your eligibility at the time of purchase. If you or your financial intermediary do not let the Funds’ transfer agent know that you are eligible for a reduction, you may not receive a sales charge discount to which you are otherwise entitled.
Waiver of Sales Charges
There is no sales charge if you invest $1 million or more in A Class shares.
Sales charges also may be waived for certain shareholders or transactions, such as:
●
|
The Manager or its affiliates;
|
●
|
Present and former directors, trustees, officers, employees of the Manager, the Manager’s parent company, and the American Beacon Funds (and their “immediate family” as defined in the SAI), and retirement plans established by them for their employees;
|
●
|
Registered representatives or employees of intermediaries that have selling agreement with the Funds;
|
●
|
Shares acquired through merger or acquisition;
|
●
|
Insurance company separate accounts;
|
●
|
Employer-sponsored retirement plans;
|
●
|
Dividend reinvestment programs;
|
●
|
Purchases through certain fee-based programs; and
|
●
|
Reinvestment of proceeds within 90 days of a redemption from A Class account (see “Redemption Policies” below for more information).
|
Reduced Sales Charges
Under a “Rights of Accumulation Program,” a “Letter of Intent” or through “Concurrent Purchases” you may be eligible to buy A Class shares of the Funds at the reduced sales charge rates that would apply to a larger purchase. Each Fund reserves the right to modify or to cease offering these programs at any time.
This information is available, free of charge, on the Fund’s website. Please visit
www.americanbeaconfunds.com
.
You may also call (800) 658-5811 or consult with your financial advisor.
Rights of Accumulation Program
Under the Rights of Accumulation Program, you may qualify for a reduced sales charge by aggregating all of your investments held in certain accounts (“Qualified Accounts”). The following Qualified Accounts held in A Class shares of any American Beacon Funds mutual fund sold with a front-end sales
charge may be grouped together to qualify for the reduced sales charge under the Rights of Accumulation Program or Letter of Intent:
●
|
Accounts owned by you, your spouse or your minor children under the age of 21, including trust or other fiduciary accounts in which you, your spouse or your minor children are the beneficiary;
|
●
|
Uniform transfer or gift to minor accounts (“UTMA/UGTMA”);
|
●
|
Individual retirement accounts (“IRAs”), including traditional, Roth, SEP and SIMPLE IRAs; and
|
●
|
Coverdell Education Savings Accounts or qualified 529 plans.
|
A fiduciary can apply a right of accumulation to all shares purchased for a trust, estate or other fiduciary account that has multiple accounts.
You must notify your financial intermediary or the Funds’ transfer agent in the case of shares held directly with the Fund, at the time of purchase that a purchase qualifies for a reduced sales charge under the Rights of Accumulation Program. In addition, you must provide either a list of account numbers or copies of account statements verifying your qualification. You may combine the historical cost or current value, as of the day prior to your additional American Beacon Funds’ investments (whichever is higher) of your existing A Class shares of any American Beacon Funds’ mutual fund sold with a front-end sales charge with the amount of your current purchase in order to take advantage of the reduced sales charge. Historical cost is the price you actually paid for the shares you own, plus your reinvested dividends and capital gain distributions. If you are using historical cost to qualify for a reduced sales charge, you should retain any records to substantiate your historical costs since the Fund, its transfer agent or your financial intermediary may not maintain this information.
If your shares are held through financial intermediaries you may combine the current NAV of your existing A Class shares of any American Beacon Funds mutual fund sold with a front-end sales charge with the amount of your current purchase in order to take advantage of the reduced sales charge. You or your financial intermediary must notify the Funds’ transfer agent at the time of purchase that a purchase qualifies for a reduced sales charge under the Rights of Accumulation Program and must provide copies of account statements dated within three months of your current purchase verifying your qualification.
Upon receipt of the above referenced supporting documentation, the financial intermediary or the Funds’ transfer agent will calculate the combined value of all of your Qualified Accounts to determine if the current purchase is eligible for a reduced sales charge. Purchases made for nominee or street name accounts (securities held in the name of a dealer or another nominee such as a bank trust department instead of the customer) may not be aggregated with purchases for other accounts and may not be aggregated with other nominee or street name accounts unless otherwise qualified as described above.
Letter of Intent
If you plan to invest at least $50,000 (excluding any reinvestment of dividends and capital gain distributions) during the next 13 months in A Class shares of a Fund or any other American Beacon Funds mutual fund sold with a front-end sales charge,
you may qualify for a reduced sales charge by completing the Letter of Intent section of your account application. A Letter of Intent indicates your intent to purchase at least $50,000 in A Class shares of any American Beacon Funds mutual fund sold with a front-end sales charge over the next 13 months in exchange for a reduced sales charge indicated on the above tables. The minimum initial investment under a Letter of Intent is $2,500. You are not obligated to purchase additional shares if you complete a Letter of Intent. However, if you do not buy enough shares to qualify for the projected level of sales charge by the end of the 13-month period (or when you sell your shares, if earlier), your sales charge will be recalculated to reflect your actual purchase level. During the term of the Letter of Intent, shares representing 5% of your intended purchase will be held in escrow. If you do not purchase enough shares during the 13-month period to qualify for the projected reduced sales charge, the additional sales charge will be deducted from your account. If you have purchased A Class shares of any American Beacon mutual fund sold with a front-end sales charge within 90 days prior to signing a Letter of Intent, they may be included as part of your intended purchase, however, previous purchase transactions will not be recalculated with the proposed new breakpoint. You must provide either a list of account numbers or copies of account statements verifying your purchases within the past 90 days.
Concurrent Purchases
You may combine simultaneous purchases in A Class shares of American Beacon Funds to qualify for a reduced A Class sales charge.
Contingent Deferred Sales Charge-C Class Shares
If you redeem C Class shares within 12 months of purchase, you may be charged a CDSC of 1%. The CDSC generally will be deducted from your redemption proceeds. In some circumstances, you may be eligible for one of the waivers described herein or in the SAI. You must advise the transfer agent of your eligibility for a waiver when you place your redemption request.
How CDSCs will be Calculated
A CDSC is imposed on redemptions of C Class shares of the Funds as described above. The amount of the CDSC will be based on the NAV of the redeemed shares at the time of the redemption or the original NAV, whichever is lower. Because of the rounding of the calculation in determining the CDSC, you may pay more or less than the indicated rate. Your CDSC holding period is based upon the date of your purchase. The CDSCs will be deducted from the proceeds of your redemption, not from amounts remaining in your account. A CDSC is not imposed on any increase in NAV over the initial purchase price or shares you received through the reinvestment of dividends or capital gain distributions.
To keep your CDSC as low as possible, each time you place a request to sell shares, the Funds will redeem your shares in the following order:
●
|
shares acquired by the reinvestment of dividends or capital gains distributions;
|
●
|
other shares that are not subject to the CDSC;
|
●
|
shares held the longest during the holding period.
|
Waiver of CDSCs-C Class Shares
A shareholder may qualify for a CDSC waiver under certain circumstances. To have your CDSC waived, you must advise the Funds’ transfer agent, your broker-dealer or other financial intermediary of your eligibility at the time of redemption. If you or your financial intermediary do not let the Funds’ transfer agent know that you are eligible for a waiver, you may not receive a waiver to which might otherwise be otherwise entitled.
The
CDSC may be waived if:
●
|
The redemption is due to a shareholder’s death or post-purchase disability;
|
●
|
The redemption is from a systematic withdrawal plan and represents no more than 10% of your annual account value;
|
●
|
The redemption is a benefit payment made from a qualified retirement plan, unless the redemption is due to the termination of the plan or the transfer of the plan to another financial institution;
|
●
|
The redemption is for a mandatory withdrawal from a traditional IRA account after age 70
½
;
|
●
|
The redemption is due to involuntary redemptions by a Fund as a result of your account not meeting the minimum balance requirements, the termination and liquidation of a Fund, or other actions;
|
●
|
The redemption is from accounts for which the broker-dealer of record has entered into a written agreement with the Distributor (or Manager) allowing this waiver;
|
●
|
The redemption is to return excess contributions made to a retirement plan; or
|
●
|
The redemption is to return contributions made due to a mistake of fact.
|
The SAI contains further details about the CDSC and the conditions for waiving the CDSC.
Information regarding CDSC waivers for C Class shares is available, free of charge, on the Fund’s website. Please visit
www.americanbeaconfunds.com
. You may also call (800) 658-5811 or consult with your financial advisor.
Purchase and Redemption of Shares
Eligibility
The A Class, C Class, Y Class, Institutional Class and Investor Class shares offered in this prospectus are available to eligible investors who meet the minimum initial investment. American Beacon Funds do not accept accounts registered to foreign individuals or entities, including foreign correspondence accounts. The Funds do not conduct operations and are not offered for purchase outside the United States. A Class and C Class shares are available to retail investors who invest through intermediary organizations, such as broker-dealers or other financial intermediaries or through employee directed benefit plans. Investor Class shares are available for traditional and Roth IRAs investing directly through American Beacon.
Investors in the Funds may include:
u
|
agents or fiduciaries acting on behalf of their clients (such as employee benefit plans, personal trusts and other accounts for which a trust company or financial advisor acts as agent or fiduciary);
|
u
|
endowment funds and charitable foundations;
|
u
|
employee welfare plans that are tax-exempt under Section 501(c)(9) of the Internal Revenue Code;
|
u
|
qualified pension and profit sharing plans;
|
u
|
cash and deferred arrangements under Section 401(k) of the Internal Revenue Code;
|
u
|
corporations; and
|
u
|
other investors who make an initial investment of at least the minimum investment amounts.
|
Subject to your eligibility, you may invest in the Funds directly through the Funds or through intermediary organizations, such as broker-dealers, insurance companies, plan sponsors, third party administrators and retirement plans.
If you invest directly with the Funds, the fees and policies with respect to the Funds’ shares that are outlined in this prospectus are set by the Funds. If you invest through a financial intermediary, most of the information you will need for managing your investment will come from your financial intermediary. This includes information on how to buy, sell and exchange shares of the Funds. If you establish an account through a financial intermediary, the investment minimums described in this section may not apply. Investors investing in the Funds through a financial intermediary should consult with their financial intermediary to ensure they obtain any proper “breakpoint” discount and regarding the differences between available share classes. Your broker-dealer or financial intermediary also may charge fees that are in addition to those described in this prospectus. Please contact your intermediary for information regarding investment minimums, how to purchase and redeem shares and applicable fees.
Minimum Initial Investment by Share Class
C Class: $1,000
A Class and Investor Class: $2,500
Y Class: $100,000
Institutional Class: $250,000
The Manager may allow a reasonable period of time after opening an account for a Y Class or Institutional Class investor to meet the initial investment requirement. In addition, for investors such as trust companies and financial advisors who make investments for a group of clients, the minimum initial investment can be met through an aggregated purchase order for more than one client.
Because in most cases it is more advantageous to purchase A Class shares than C Class shares for amounts of $1 million or more, the Funds will decline a request to purchase C Class shares for $1 million or more.
Opening an Account
You may open an account through your broker-dealer or other financial intermediary. Please contact your financial intermediary for more information on how to open an account. Shares you purchase through your broker-dealer will normally be held in your account with that firm.
You may also open an account directly through the Funds. A completed, signed application is required. You may download an account application from the Funds’ web site at
www.americanbeaconfunds.com
. You also may obtain an application form by calling:
or, institutional shareholders should call:
Complete the application, sign it and send it
Regular Mail to:
American Beacon Funds
P.O. Box 219643
Kansas City, MO 64121-9643
(or institutional shareholders may)
Fax to:
(816) 374-7408
For Overnight Delivery
American Beacon Funds
c/o BFDS
330 West 9th Street
Kansas City, MO 64105
(800) 658-5811
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account with the Funds or your financial institution, you will be asked for information that will allow the Funds or your financial institution to identify you. Non-public corporations and other entities may be required to provide articles of incorporation, trust or partnership agreements, taxpayer identification numbers, and Social Security numbers of persons authorized to provide instructions on the account or other documentation. The Funds and your financial institution are required by law to reject your new account application if the required identifying information is not provided.
Purchase Policies
Shares of the Funds are offered and purchase orders are typically accepted until 4:00 p.m. Eastern Time or the close of the NYSE (whichever comes first) on each day on which the NYSE is open for business. If a purchase order is received by a Fund in good order prior to the Fund’s deadline, the purchase price will be the NAV per share next determined on that day, plus any applicable sales charges. If a purchase order is received in good order after the applicable deadline, the purchase price will be the NAV per share of the following day that the Fund is open for business plus any applicable sales charge.
The Funds have authorized certain third party financial intermediaries, such as broker-dealers, insurance companies, third party administrators and trust companies, to receive purchase and redemption orders on behalf of the Funds and to designate other intermediaries to receive purchase and redemption orders on behalf of the Funds. A Fund is deemed to have received such orders when they are received by the financial intermediaries or their designees. Thus, an order to purchase or sell Fund shares will be priced at the Fund’s next determined NAV after receipt by the financial intermediary or its designee. You should contact your broker-dealer or other financial intermediary to find out by what time your purchase order must be received so that it can be processed the same day. It is the responsibility of your broker-dealer or financial intermediary to transmit orders that will be received by the Funds in proper form and in a timely manner.
Fund shares may be purchased only in U.S. States and Territories in which they can be legally sold. Each Fund reserves the right to refuse purchases if, in the judgment of a fund, the transaction would adversely affect the fund and its shareholders. Each Fund has the right to reject any purchase order or cease offering any or all classes of shares at any time. Checks to purchase shares are accepted subject to collection at full face value in U.S. funds and must be drawn in U.S. dollars on a U.S. bank. The Funds will not accept “starter” checks, credit card checks, money orders, cashier’s checks, or third party checks.
Please refer to the section titled “Frequent Trading and Market Timing” for information on the Funds’ policies regarding frequent purchases, redemptions, and exchanges.
Redemption Policies
If you purchased shares of the Funds through your financial intermediary, please contact your financial intermediary to sell shares of a Fund.
If you purchased your shares directly from the Funds, your shares may be redeemed by calling 1-800-658-5811 to speak to a representative, via the Funds’ website,
www.americanbeaconfunds.com
or by mail on any day that the Funds are open for business.
The redemption price will be the NAV next determined after a redemption request is received in good order, minus any applicable CDSC fees. In order to receive the redemption price calculated on a particular business day, redemption requests must be received in good order by 4:00 p.m. Eastern Time or by the close of the NYSE (whichever comes first). You should contact your broker-dealer or other financial intermediary to find out by what time your order must be received so that it can be processed the same day.
You may, within 90 days of redemption, reinvest all or part of the proceeds of your redemption of shares of a Fund, without incurring any applicable additional sales charge, in the same class of another American Beacon Fund, by sending a written request and a check to your financial intermediary or directly to the Funds. Reinvestment must be into the same account from which you redeemed the shares or received the distribution. Proceeds from a redemption and all dividend payments and capital gain distributions will be reinvested in the same share class from which the original redemption or distribution was made. Reinvestment will be at the NAV next calculated after the Funds receive your request. You must notify the Funds and your financial intermediary at the time of investment if you decide to exercise this privilege.
Wire proceeds from redemption requests received in good order by 4:00 p.m. Eastern Time or by the close of the NYSE (whichever comes first) generally are transmitted to shareholders on the next day the Funds are open for business. In any event, proceeds from a redemption request will typically be transmitted to a shareholder by no later than seven days after the receipt of a redemption request in good order. Delivery of proceeds from shares purchased by check or pre-authorized automatic investment may be delayed until the funds have cleared, which may take up to ten days.
Each Fund reserves the right to suspend redemptions or postpone the date of payment for more than seven days (i) when the NYSE is closed (other than for customary weekend and holiday closings); (ii) when trading on the NYSE is restricted; (iii) when the SEC determines that an emergency exists so that disposal of a Fund’s investments or determination of its NAV is not reasonably practicable; or (iv) by order of the SEC for protection of the Funds’ shareholders.
Although the Funds intend to redeem shares in cash, each Fund reserves the right to pay the redemption price in whole or in part by a distribution of securities or other assets held by a Fund. To the extent that a Fund redeems its shares in this manner, the shareholder assumes the risk of a subsequent change in the market value of those securities, the cost of liquidating the securities and the possibility of a lack of a liquid market for those securities.
Please refer to the section titled “Frequent Trading and Market Timing” for information on the Fund’s policies regarding frequent purchases, redemptions, and exchanges.
Exchange Policies
If you purchased shares of the Funds through your financial intermediary, please contact your financial intermediary to determine if you may take advantage of the exchange policies described in this section and for its policies exchange shares.
If you purchased your shares directly through the Funds, your shares may be exchanged by calling 1-800-658-5811 to speak to a representative, via the Funds’ website,
www.americanbeaconfunds.com
or by using the Automated Voice Response System for Investor Class shares.
Shares of any class of a Fund may be exchanged for shares of the same class of another American Beacon Fund under certain limited circumstances. Shares of any class of a Fund may be exchanged for shares of another class of the same Fund under certain limited circumstances. Since an exchange involves a concurrent purchase and redemption, please review the sections titled “Purchase Policies” and “Redemption Policies” for additional limitations that apply to purchases and redemptions. There is no front-end sales charge on exchanges between A Class shares of a Fund for A Class shares of another Fund. Shares otherwise subject to a CDSC will not be charged a CDSC in an exchange to shares of another fund having a CDSC. However, shares exchanged between funds that impose a CDSC will be charged a CDSC if redeemed within 12 months of the purchase of the initial shares.
Before exchanging shares, shareholders should consider how the exchange may affect any CDSC that might be imposed on the subsequent redemption of remaining shares.
If shares were purchased by check, a shareholder must have owned shares of the redeeming Fund for at least ten days prior to exchanging out of one Fund and into another.
The eligibility and minimum investment requirement must be met for the class into which the shareholder is exchanging. Fund shares may be acquired through exchange only in U.S. States and Territories in which they can be legally sold. Each Fund reserves the right to charge a fee and to modify or terminate the exchange privilege at any time. Each Fund reserves the right to refuse exchange purchases if, in the judgment of a Fund, the transaction would adversely affect the Fund and its shareholders. For federal income tax purposes, the conversion of shares of one share class for shares of a different share class of the same Fund will not result in a capital gain or loss. However, an exchange of shares of one Fund for shares of a different Fund is considered a sale and a purchase, respectively, and may result in a gain or loss for tax purposes. There can be no assurance of any particular tax treatment, however, and you are urged and advised to consult with your own tax advisor before entering into a fund or share class exchange. Please refer to the section titled “Frequent Trading and Market Timing” for information on the Fund’s policies regarding frequent purchases, redemptions, and exchanges.
Payments to Financial Intermediaries
The Funds and their affiliates (at their own expense) may pay compensation to financial intermediaries for shareholder-related services and, if applicable, distribution-related services, including administrative, sub-transfer agency type, recordkeeping and shareholder communication services. For example, compensation may be paid to make Fund shares available to customers of a fund supermarket platform or similar program sponsor or for services provided in connection with such fund supermarket platforms and programs.
The amount of compensation paid to different financial intermediaries may differ. The compensation paid to a financial intermediary may be based on a variety of factors, including average assets under management in accounts distributed and/or serviced by the financial intermediary, gross sales by the financial intermediary and/or the number of accounts serviced by the financial intermediary that invest in the Funds. To the extent that a Fund pays any such compensation, it is designed to compensate the financial intermediary for providing services that would otherwise be provided by the Funds or their transfer agent. To the extent a Fund affiliate pays such compensation, it may include amounts from that affiliate’s own resources and constitute what is sometimes referred to as “revenue sharing.”
Compensation received by a financial intermediary from the Manager or another Fund affiliate may include payments for marketing and/or training expenses incurred by the financial intermediary, including expenses incurred by the financial intermediary in educating (itself and) its salespersons with respect to Fund shares. For example, such compensation may include reimbursements for expenses incurred in attending educational seminars regarding a Fund, including travel and lodging expenses. It may also cover costs incurred by financial intermediaries in connection with their efforts to sell Fund shares, including costs incurred compensating (registered) sales representatives and preparing, printing and distributing sales literature.
Any compensation received by a financial intermediary, whether from a Fund or its affiliate(s), and the prospect of receiving it may provide the financial intermediary with an incentive to recommend the shares of a Fund, or a certain class of shares of a Fund, over other potential investments. Similarly, the compensation may cause financial intermediaries to elevate the prominence of a Fund within its organization by, for example, placing it on a list of preferred funds. You should ask your financial intermediary for details about any such payments it receives from the Manager or the Distributor, or any other fees, expenses, or commissions your financial intermediary may charge you in addition to those disclosed in this prospectus.
How to Purchase Shares
Through your Broker — Dealer or Other Financial Intermediary
Contact your broker-dealer or other financial intermediary to purchase shares of a Fund. Your broker-dealer or financial intermediary can help you open a new account, review your financial needs and formulate long-term investment goals and objectives. Your broker-dealer or financial intermediary will transmit your request to the Funds and may charge you a fee for this service. The Funds will not accept a purchase order of $1,000,000 or more for C Class shares if the purchase is known to be on behalf of a single investor (not including dealer “street name” or omnibus accounts). Dealers or other financial intermediaries purchasing shares for their customers in omnibus accounts are responsible for determining the suitability of a particular share class for an investor.
By Check
The minimum initial and subsequent investment requirements for investments by check are:
Share Class
|
|
Minimum
Initial
Investment
Amount
|
|
Minimum
Subsequent
Investment
Amount
|
C
|
|
$ 1,000
|
|
$ 50
|
A
|
|
$ 2,500
|
|
$ 50
|
Investor
|
|
$ 2,500
|
|
$ 50
|
Y
|
|
$ 100,000
|
|
$ 50
|
Institutional
|
|
$ 250,000
|
|
$ 50
|
●
|
Make the check payable to American Beacon Funds.
|
●
|
Include the shareholder’s account number, Fund name and Fund number on the check.
|
American Beacon Funds
P.O. Box 219643
Kansas City, MO 64121-9643
For Overnight Delivery:
American Beacon Funds
c/o BFDS
330 West 9
th
Street
Kansas City, MO 64105
By Wire
The minimum initial and subsequent investment requirements for investments by wire are:
Share Class
|
|
Minimum
Initial
Investment
Amount
|
|
Minimum
Subsequent
Investment
Amount
|
C
|
|
$ 1,000
|
|
$ 500
|
A
|
|
$ 2,500
|
|
$ 500
|
Investor
|
|
$ 2,500
|
|
$ 500
|
Y
|
|
$ 100,000
|
|
None
|
Institutional
|
|
$ 250,000
|
|
None
|
●
|
If your account has been established, call 1-800-658-5811 to purchase shares by wire.
|
●
|
Send a bank wire to State Street Bank and Trust Co. with these instructions:
|
|
u
|
ABA# 0110-0002-8; AC-9905-342-3,
|
|
u
|
Attn: American Beacon Funds
|
|
u
|
the Fund name and Fund number, and
|
|
u
|
shareholder account number and registration.
|
By Exchange
The minimum requirements to establish an account by making an exchange and to make subsequent exchanges are as follows:
Share Class
|
|
Minimum
Amount
to Establish a
New Account
|
|
Minimum
Subsequent
Exchange Amount
|
C
|
|
$ 1,000
|
|
$ 50
|
A
|
|
$ 2,500
|
|
$ 50
|
Investor
|
|
$ 2,500
|
|
$ 50
|
Y
|
|
$ 100,000
|
|
$ 50
|
Institutional
|
|
$ 250,000
|
|
$ 50
|
●
|
To exchange shares, send a written request to the address above, or call 1-800-658-5811 to speak with a representative. You may use the Automated Voice Response System for exchanges in the Investor Class only.
|
●
|
You also may exchange shares by visiting
www.americanbeaconfunds.com
.
|
●
|
If you purchased shares through a financial intermediary, please contact your broker-dealer or other financial intermediary to exchange your shares. Your financial intermediary may charge you a fee for exchanging your shares.
|
Via
www.americanbeaconfunds.com
|
●
|
You may purchase shares of the Investor class via
www.americanbeaconfunds.com
.
|
●
|
Funds will be transferred automatically from your bank account via Automated Clearing House (“ACH”) if valid bank instructions were included on your application.
|
●
|
If not, please call 1-800-658-5811 for assistance with establishing bank instructions.
|
●
|
A $50 minimum applies.
|
|
By Pre-Authorized Automatic Investment (A Class, C Class and Investor Class shares only)
|
●
|
The minimum account size of $1,000 for C Class shares and $2,500 for A Class and Investor Class shares must be met before establishing an automatic investment plan.
|
●
|
Fill in required information on the account application, including amount of automatic investment ($50 minimum). Attach a voided check to the account application.
|
●
|
You may also establish an automatic investment plan through
www.americanbeaconfunds.com
.
|
●
|
Funds will be transferred automatically from your bank account via ACH on or about the 5th day of each month or quarter, depending upon which periods you specify.
|
●
|
If you establish your automatic investment plan through
www.americanbeaconfunds.com
, you can choose the date and frequency of transfer.
|
How to Redeem Shares
Through your Broker – Dealer or other Financial Intermediary
Contact your broker-dealer or other financial intermediary to sell shares of a Fund. Your broker-dealer or other financial intermediary is responsible for transmitting your sale request to the transfer agent in proper form and in a timely manner. Your financial intermediary may charge you a fee for selling your shares.
By Telephone
●
|
Call 1-800-658-5811 to request a redemption.
|
●
|
Minimum redemption amounts and applicable class limitations, and policies as to the disposition of the proceeds of telephone redemptions are as follows:
|
Share Class
|
|
Minimum Redemption
|
|
Limitations
|
|
Disposition of Redemption Proceeds
|
A, C and Investor
|
|
$500 by wire or
|
|
$50,000 per account
|
|
Mailed to account address of record; or
|
|
|
|
|
|
|
|
|
|
$50 by check or ACH
|
|
|
|
Transmitted to commercial bank designated on the account application form.
|
|
|
|
|
|
|
|
Y and Institutional
|
|
None
|
|
None
|
|
Transmitted to commercial bank designated on the account application form.
|
By Mail
●
|
Write a letter of instruction including:
|
|
u
|
the Fund name and Fund number,
|
|
u
|
shareholder account number,
|
|
u
|
shares or dollar amount to be redeemed, and
|
|
u
|
authorized signature(s) of all persons required to sign for the account.
|
Mail to:
American Beacon Funds
P.O. Box 219643
Kansas City, MO 64121-9643
For Overnight Delivery
American Beacon Funds
c/o BFDS
330 West 9
th
Street
Kansas City, MO 64105
●
|
Proceeds will be mailed to the account address of record or transmitted to the commercial bank designated on the account application form.
|
●
|
Minimum redemption amounts are as follows:
|
Share Class
|
|
Minimum Redemption
|
A, C and Investor
|
|
$500 by wire, $50 by check or ACH
|
Y and Institutional
|
|
None
|
Supporting documents may be required for redemptions by estates, trusts, guardianships, custodians, corporations, and welfare, pension and profit sharing plans. Call 1-800-658-5811 for instructions.
To protect the Funds and your account from fraud, a STAMP 2000 Medallion signature guarantee is required for redemption orders:
●
|
with a request to send the proceeds to an address or commercial bank account other than the address or commercial bank account designated on the account application, or
|
●
|
for an account whose address has changed within the last 30 days if proceeds are sent by check.
|
The Funds only accept STAMP 2000 Medallion signature guarantees, which may be obtained at participating banks, broker-dealers and credit unions. A notary public cannot provide a signature guarantee. Call 1-800-658-5811 for instructions and further assistance.
By Exchange
●
|
Send a written request to the address above.
|
●
|
Call 1-800-658-5811 and use the Automated Voice Response System (for Investor Class only) or speak to a representative to exchange shares.
|
●
|
Visit
www.americanbeaconfunds.com
and select “Account Login”
|
●
|
The minimum requirement to redeem shares by making an exchange is $50.
|
●
|
If you purchased shares through a financial intermediary, please contact your broker-dealer or other financial intermediary to exchange your shares.
|
|
Via
www.americanbeaconfunds.com
|
●
|
If you have established bank instructions for your account, you may request a redemption via ACH or wire for Investor Class shares by accessing
www.americanbeaconfunds.com
.
|
●
|
If bank instructions were not included on the account application form, please call 1-800-658-5811 to establish bank instructions.
|
●
|
Minimum wire, ACH and check redemption amounts and policies as to the disposition of the proceeds of redemptions via
www.americanbeaconfunds.com
are as follows:
|
Share Class
|
|
Minimum
Wire Amount
|
|
Minimum
ACH or
Check
Amount
|
|
Disposition of
Redemption Proceeds
|
A, C and Investor
|
|
$500
|
|
$50
|
|
Check mailed to account address of record;
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wire transmitted to commercial bank designated on the account application form; or
Funds transferred via ACH to bank account designated on application form.
|
|
|
|
|
|
|
|
Y and Institutional
|
|
None
|
|
Not Available
|
|
Transmitted to commercial bank designated on the account application form.
|
By Pre-Authorized Automatic Redemption (A, C and Investor Class shares only)
●
|
Fill in required information on the account application or establish via
www.americanbeaconfunds.com
($50 minimum).
|
●
|
Proceeds will be transferred automatically from your Fund account to your bank account via ACH.
|
General Policies
If a shareholder’s A Class, C Class, Y Class, Institutional Class or Investor Class account balance falls below the following minimum levels, the shareholder may be asked to increase the balance.
Share Class
|
|
Account Balance
|
Institutional
|
|
$75,000
|
Y
|
|
$25,000
|
A
|
|
$ 2,500
|
Investor
|
|
$ 2,500
|
C
|
|
$ 1,000
|
If the account balance remains below the applicable minimum account balance after 45 days, the Funds reserve the right to close the account and send the proceeds to the shareholder. IRA accounts will be charged an annual maintenance fee of
$15.00 by the Custodian for maintaining either a traditional IRA or a Roth IRA. Each Fund reserves the authority to modify minimum account balances in its discretion.
A Signature Validation Program (“SVP”) stamp may be required in order to change an account’s registration or banking instructions. You may obtain a SVP stamp at participating banks, broker-dealers and credit unions, but not from a notary public. The SVP stamp is analogous to the STAMP 2000 Medallion guarantee in that it is provided at similar institutions. However, it is used only for non-financial transactions.
The following policies apply to instructions you may provide to the Funds by telephone:
●
|
The Funds, their officers, trustees, employees, or agents are not responsible for the authenticity of instructions provided by telephone, nor for any loss, liability, cost or expense incurred for acting on them.
|
●
|
The Funds employ procedures reasonably designed to confirm that instructions communicated by telephone are genuine.
|
●
|
Due to the volume of calls or other unusual circumstances, telephone redemptions may be difficult to implement during certain time periods.
|
Each Fund reserves the right to:
|
●
|
liquidate a shareholder’s account at the current day’s NAV and remit proceeds via check if the Funds or a financial institution are unable to verify the shareholder’s identity within three business days of account opening,
|
●
|
seek reimbursement from the shareholder for any related loss incurred by a Fund if payment for the purchase of Fund shares by check does not clear the shareholder’s bank, and
|
●
|
reject a purchase order and seek reimbursement from the shareholder for any related loss incurred by a Fund if funds are not received by the applicable wire deadline.
|
A shareholder will not be required to pay a CDSC when the registration for C Class shares is transferred to the name of another person or entity. The transfer may occur by absolute assignment, gift or bequest, as long as it does not involve, directly or indirectly, a public sale of the shares. When C Class shares are transferred, any applicable CDSC will continue to apply to the transferred shares and will be calculated as if the transferee had acquired the shares in the same manner and at the same time as the transferring shareholder.
Please be advised that certain state escheatment laws may require the Funds to turn over your mutual fund account to the state listed in your account registration as abandoned property unless you contact the Funds. Many states have added "inactivity" or the absence of
customer initiated contact
as a component of their rules and guidelines for the escheatment of unclaimed property. These states consider property to be abandoned when there is no
shareholder initiated activity
on an account for at least three (3) to five (5) years.
Depending on the laws in your jurisdiction,
customer initiated contact might be achieved by one of the following methods:
|
|
●
|
Sending a letter to the Funds by the United States Post Office,
|
|
|
●
|
Speaking to a Customer Service Representative on the phone after you go through a security verification process.
|
For residents of certain states, contact cannot be made by phone but must be in writing or through the Funds secure web application.
|
|
●
|
Contacting the Funds through the automated phone system where you must supply an account number, social security number, or a specific fund identifying number,
|
|
|
●
|
Accessing your account through the Funds secure web application,
|
|
|
●
|
Cashing checks that are received and are made payable to the owner of the account.
|
The Funds, the Manager, and the Transfer Agent will not be liable to shareholders or their representatives for good faith compliance with escheatment laws. To learn more about the escheatment rules for your particular state, please contact your attorney or State Treasurer’s and/or Controller’s Offices. If you do not hold your shares directly with the Funds, you should contact your broker-dealer, retirement plan, or other third party intermediary regarding applicable state escheatment laws.
Contact information:
American Beacon Funds
P.O. Box 219643
Kansas City, MO 64121-9643
1-800-658-5811 (phone)
www.americanbeaconfunds.com (web)
Frequent Trading and Market Timing
Frequent trading by Fund shareholders poses risks to other shareholders in that Fund, including (i) the dilution of a Fund’s NAV, (ii) an increase in a Fund’s expenses, and (iii) interference with the portfolio manager’s ability to execute efficient investment strategies. Frequent, short-term trading of Fund shares in an attempt to profit from day-to-day fluctuations in a Fund’s NAV is known as market timing.
The Funds’ Board of Trustees has adopted policies and procedures intended to discourage frequent trading and market timing. Shareholders may transact one “round trip” in a Fund in any rolling 90-day period. A “round trip” is defined as two transactions, each in an opposite direction. A round trip may involve (i) a purchase or exchange into a Fund followed by a redemption or exchange out of the same Fund or (ii) a redemption or exchange out of a Fund followed by a purchase or exchange into the same Fund. If the Manager detects that a shareholder has exceeded one round trip in a Fund in any rolling 90-day period, the Manager, without prior notice to the shareholder, will prohibit the shareholder from making further purchases of that Fund. In general, the Funds reserve the right to reject any purchase order, terminate the exchange privilege, or liquidate the account of any shareholder that the Manager determines has engaged in frequent trading or market timing, regardless of whether the shareholder’s activity violates any policy stated in this prospectus. Additionally, the Manager may in its discretion, reject any purchase or exchange into a Fund from any individual investor, institutional investor, or group whose trading activity could disrupt the management of a Fund or dilute the value of the Fund’s shares, including collective trading (e.g. following the advice of an investment newsletter). Such investors may be barred from future purchases of American Beacon Funds.
The round-trip limit does not apply to the following transaction types:
●
|
shares acquired through the reinvestment of dividends and other distributions;
|
●
|
systematic purchases and redemptions;
|
●
|
shares redeemed to return excess IRA contributions; or
|
●
|
certain transactions made within a retirement or employee benefit plan, such as payroll contributions, minimum required distributions, loans, and hardship withdrawals
, or other transactions that are initiated by a party other than the plan
participant.
|
Financial intermediaries that offer Fund shares, such as broker-dealers, third party administrators of retirement plans, and trust companies, will be asked to enforce the Funds’ policies to discourage frequent trading and market timing by investors. However, certain intermediaries that offer Fund shares have informed the Funds that they are currently unable to enforce the Funds’ policies on an automated basis. In those instances, the Manager will monitor trading activity of the intermediary in an attempt to detect patterns of activity that indicate frequent trading or market timing by underlying investors. In some cases, intermediaries that offer Fund shares have their own policies to deter frequent trading and market timing that differ from the Funds’ policies. A Fund may defer to an intermediary’s policies. For more information, please contact the financial intermediary through which you invest in the Funds.
The Manager monitors trading activity in the Funds to attempt to identify shareholders engaged in frequent trading or market timing. The Manager may exclude transactions below a certain dollar amount from monitoring and may change that dollar amount from time to time. The ability of the Manager to detect frequent trading and market timing activity by investors who own shares through an intermediary is dependent upon the intermediary’s provision of information necessary to identify transactions by the underlying investors. The Funds have entered agreements with the intermediaries that service the Funds’ investors, pursuant to which the intermediaries agree to provide information on investor transactions to the Funds and to act on the Funds’ instructions to restrict transactions by investors who the Manager has identified as having violated the Funds’ policies and procedures to deter frequent trading and market timing.
Wrap programs offered by certain intermediaries may be designated “Qualified Wrap Programs” by a Fund based on specific criteria established by the Funds and a certification by the intermediary that the criteria have been met. A Qualified Wrap Program is: (i) a wrap program whose sponsoring intermediary certifies that it has investment discretion over $50 million or more in client assets invested in mutual funds at the time of the certification, (ii) a wrap program whose sponsoring intermediary certifies that it directs transactions in accounts participating in the wrap program(s) in concert with changes in a model portfolio; (iii) managed by an intermediary that agrees to provide the Manager a description of the wrap program(s) that the intermediary seeks to qualify; and (iv) managed by an intermediary that agrees to provide the Manager sufficient information to identify individual accounts in the intermediary’s wrap program(s). For purposes of applying the
round-trip limit, transactions initiated by clients invested in a Qualified Wrap Program will not be matched to transactions initiated by the intermediary sponsoring the Qualified Wrap Program. For example, a client’s purchase of a Fund followed within 90 days by the intermediary’s redemption of the same Fund would not be considered a round trip. However, transactions initiated by a Qualified Wrap Program client are subject to the round-trip limit and will be matched to determine if the client has exceeded the round-trip limit. In addition, the Manager will monitor transactions initiated by Qualified Wrap Program intermediaries to determine whether any intermediary has engaged in frequent trading or market timing. If the Manager determines that an intermediary has engaged in activity that is harmful to the Fund, the Manager will revoke the intermediary’s Qualified Wrap Program status. Upon termination of status as a Qualified Wrap Program, all account transactions will be matched for purposes of testing compliance with the Funds’ frequent trading and market timing policies, including any applicable redemption fees.
The Funds reserve the right to modify the frequent trading and market timing policies and procedures and grant or eliminate waivers to such policies and procedures at any time without advance notice to shareholders. There can be no assurance that the Funds’ policies and procedures to deter frequent trading and market timing will have the intended effect nor that the Manager will be able to detect frequent trading and market timing.
Distributions and Taxes
Each Fund distributes most or all of its net earnings in the form of dividends from net investment income and distributions of realized net capital gains and net gains from foreign currency transactions. The Funds do not have a fixed dividend rate and do not guarantee they will pay any dividends or capital gain distributions in any particular period. Dividends paid by each Fund with respect to each class of shares are calculated in the same manner and at the same time, but dividends on different classes of shares may be different as a result of the service and/or distribution fees applicable to certain classes of shares. Monthly distributions are paid on the first business day of the following month. Distributions are paid as follows:
Fund
|
Dividends Paid
|
Other
Distributions
Paid
|
Bridgeway Large Cap Value
|
Annually
|
Annually
|
Holland Large Cap Growth
|
Annually
|
Annually
|
Stephens Small Cap Growth
|
Monthly
|
Annually
|
Stephens Mid-Cap Growth
|
Monthly
|
Annually
|
Options for Receiving Dividends and Other Distributions
When you open your Fund account, you can specify on your application how you want to receive distributions of dividends and capital gains. To change that option, you must notify the Transfer Agent. Unless your account application instructs otherwise, distributions payable to you will be reinvested in additional Fund shares of the same class. There are four payment options available:
●
|
Reinvest All Distributions. You can elect to reinvest all dividends and capital gain distributions in additional shares of the same class of the Fund.
|
●
|
Reinvest Only Dividends or Capital Gain Distributions. You can elect to reinvest some types of distributions in Fund shares while receiving the other types of distributions by check or having them sent to your bank account by ACH. Different tax treatment applies to distributions of dividends and net capital gain (as defined in the table below).
|
●
|
Receive All Distributions in Cash. You can elect to receive all dividends and capital gain distributions by check or have them sent to your bank by ACH.
|
●
|
Reinvest Your Distributions in another American Beacon Fund. You can reinvest all of your dividends and capital gain distributions in shares of another American Beacon Fund that is available for exchanges. You must have an existing account in the same share class in the selected fund.
|
Usually, any dividends and distributions of net realized capital gains are taxable to shareholders other than tax-qualified retirement accounts and other tax-exempt investors. However, the portion of a Fund’s dividends derived from its investments in certain direct U.S. Government obligations is generally exempt from state and local income taxes. The following table outlines the typical tax status of transactions in taxable accounts:
Type of Transaction
|
Tax Status
|
Dividends from net investment income*
|
Ordinary income**
|
Distributions of excess of net short-term capital gain over net long-term capital loss*
|
Ordinary income
|
Distributions of net gains from certain foreign currency transactions*
|
Ordinary income
|
Distributions of excess of net long-term capital gain over net short-term capital loss (“net capital gain”)*
|
Long-term capital gains
|
Redemptions or exchanges of shares owned for more than one year
|
Long-term capital gains or losses
|
Redemptions or exchanges of shares owned for one year or less
|
Net gains are taxed at the same rate as ordinary income; net losses are subject to special rules
|
*
|
Whether reinvested or taken in cash.
|
|
|
**
|
Except for dividends that are attributable to “qualified dividend income” (as described below).
|
To the extent distributions are attributable to net capital gain that a Fund recognizes on sales or exchanges of capital assets, they are subject to a 15% maximum federal income tax rate for individual and certain other non-corporate shareholders (20% for those shareholders with taxable income exceeding $400,000, or $450,000 if married filing jointly).
A portion of the income dividends a Fund pays to individuals and certain other non-corporate shareholders may be “qualified dividend income” (“QDI”) and thus eligible for those maximum capital gain tax rates. QDI is the aggregate of dividends a Fund receives from most domestic corporations and certain foreign corporations with respect to which the Fund satisfies certain holding period and other restrictions with respect to the shares on which the dividends are paid. If a Fund’s QDI is at least 95% of its gross income (as
specially computed), the entire dividend will qualify for the preferential maximum rates. To be eligible for those rates, a shareholder must meet similar restrictions with respect to his or her Fund shares.
A portion of the dividends a Fund pays may also be eligible for the dividends-received deduction allowed to corporations, subject to similar holding period and other restrictions, but the eligible portion may not exceed the aggregate dividends the Fund receives from domestic corporations only. However, dividends that a corporate shareholder receives and deducts pursuant to the dividends-received deduction may be subject indirectly to the federal alternative minimum tax.
A shareholder may realize a taxable gain or loss when redeeming or exchanging shares. That gain or loss is treated as a short-term or long-term capital gain or loss, depending on how long the redeemed or exchanged shares were held. Any capital gain an individual shareholder recognizes on a redemption or exchange of Fund shares that have been held for more than one year will qualify for the maximum federal income tax rates mentioned above.
A Fund shareholder who wants to use an acceptable method other than the average basis method (each Fund’s default method) for determining basis in Fund shares he or she acquires after December 31, 2011 (“Covered Shares”), must elect to do so in writing, which may be electronic. Each Fund, or its administrative agent, must report to the Internal Revenue Service and furnish to its shareholders the basis information for Covered Shares. See “Tax Information” in the SAI for a description of the rules regarding that election and each Fund’s reporting obligation.
The Health Care Reform and Education Reconciliation Act of 2010 requires an individual to pay a 3.8% tax on the lesser of (1) the individual’s “net investment income,” which generally includes dividends, interest, and net gains from the disposition of investment property (including dividends and capital gain distributions a Fund pays), or (2) the excess of the individual’s “modified adjusted gross income” over a threshold amount ($250,000 for married persons filing jointly and $200,000 for single taxpayers), for taxable years beginning after December 31, 2012. This tax is in addition to any other taxes due on that income. A similar tax applies for those years to estates and trusts.
Shareholders investing in the Funds through a financial intermediary should discuss their options for receiving dividends and other distributions with their financial advisor. Shareholders should consult their own tax advisers regarding the effect, if any, this provision may have on their investment in Fund shares.
The foregoing is only a summary of some of the important federal income tax considerations that may affect Fund shareholders, who should consult their tax advisors regarding specific questions as to the effect of federal, state and local income taxes on an investment in a Fund. Each year, each Fund’s shareholders will receive tax information from the Fund to assist them in preparing their income tax returns.
Distribution and Service Plans
The A Class and C Class shares of the Funds have each adopted a Distribution Plan in accordance with Rule 12b-1 under the 1940 Act, which allows the A Class and C Class shares to pay distribution and other fees for the sale of Fund shares and for other services provided to shareholders. Each Plan also authorizes the use of any fees received by the Manager in accordance with the Administrative Services and Management Agreements, and any fees received by the sub-advisors pursuant to their Investment Advisory Agreements with the Manager, to be used for the sale and distribution of Fund shares.
The Plans provide that the A Class shares of the Funds will pay up to 0.25% per annum of the average daily net assets of the A Class, and the C Class shares of the Funds will pay up to 1.00% per annum of the average daily net assets of the C Class, to the Manager (or another entity approved by the Board).
The Funds have also adopted a shareholder services plan for its A Class, C Class, Y Class and Investor Class shares for certain non-distribution shareholder services provided by financial intermediaries. The shareholder services plan authorizes annual payment of up to 0.25% of the average daily net assets of the A Class shares, up to 0.25% of the average daily net assets attributable to the C Class shares, up to 0.375% of the average daily net assets of the Investor Class shares and up to 0.10% of the average daily net assets of the Y Class shares of the Funds.
Because these fees are paid out of each Fund’s A Class, C Class, Y Class and Investor Class assets on an ongoing basis, over time these fees will increase the cost of your investment and may result in costs higher than other types of sales charges.
Portfolio Holdings
A complete list of the Funds’ holdings for the American Beacon Stephens Small Cap Growth Fund and American Beacon Stephens Mid-Cap Growth Fund is made available on the Funds' website on a monthly basis approximately twenty days after the end of each month and remains available for six months thereafter. A complete list of holdings for the American Beacon Bridgeway Large Cap Value Fund and American Beacon Holland Large Cap Growth Fund is made available on the Funds’ website on a quarterly basis approximately sixty days after the end of each calendar quarter and remains available for six months thereafter.
A list of each Fund’s ten largest holdings is made available on the Funds’ website on a quarterly basis. The ten largest holdings of the Funds are generally posted to the website approximately fifteen days after the end of each calendar quarter and remain available until the next quarter.
To access the holdings information, go to
www.americanbeaconfunds.com
. A Fund’s ten largest holdings may also be accessed by selecting a particular Fund’s data sheet.
A description of the Funds’ policies and procedures regarding the disclosure of portfolio holdings is available in the Funds’ SAI, which you may access on the Funds’ website at www.americanbeaconfunds.com or call 1-800-658-5811 to request a free copy.
Delivery of Documents
If you are interested in electronic delivery of the Funds’ summary prospectuses or shareholder reports, please go to
www.americanbeaconfunds.com
and click on “Quick Links” and then “Register for E-delivery.”
To reduce expenses, your financial institution may mail only one copy of the prospectus, Annual Report and Semi-Annual Report to those addresses shared by two or more accounts. If you wish to receive individual copies of these documents, please contact your financial institution. Delivery of individual copies will commence thirty days after receiving your request.
Financial Highlights
The financial highlights tables are intended to help you understand each Fund’s financial performance for the past five fiscal years (or if shorter, the period of the Fund’s operations). Certain information reflects financial results for a single Fund share. The total returns in each Fund’s table represent the rate that an investor would have earned (or lost) on an investment in that Fund (assuming reinvestment of all dividends and other distributions).
The financial highlights of the American Beacon Bridgeway Large Cap Value Fund shown below for Institutional Class shares of the Fund represent the financial history of the Class N Shares of the Fund’s predecessor fund, Bridgeway Large-Cap Value Fund, a series of Bridgeway Funds, Inc., which was acquired by the American Beacon Bridgeway Large Cap Value Fund in a reorganization on February 3, 2012. The information for the fiscal years ended June 30, 2008 to June 30, 2011 has been audited by the predecessor fund’s independent registered public accounting firm.
The financial highlights, for the fiscal years ended December 31, 2010 and December 31, 2011, of the American Beacon Holland Large Cap Growth Fund shown below for Investor Class, Institutional Class and A Class shares of the Fund represent the financial history of the Investor Shares, Institutional Shares and A Shares, respectively, of the Fund’s predecessor fund, Lou Holland Growth Fund, a series of the Forum Funds (“Predecessor Fund A”), which was acquired by the American Beacon Holland Large Cap Growth Fund on March 23, 2012. The information for the fiscal years ended December 31, 2010 and December 31, 2011 has been audited by the Predecessor Fund A’s independent registered public accounting firm. The information for the fiscal years ended December 31, 2008 to December 31, 2009 reflects the historical information of the Lou Holland Growth Fund, a series of The Lou Holland Trust, the predecessor to Predecessor Fund A (“Predecessor Fund B”), which was acquired by Predecessor Fund A on January 29, 2010. The information for Predecessor Fund B has been audited by Predecessor Fund B’s independent registered public accounting firm.
The financial highlights of the American Beacon Stephens Small Cap Growth Fund (“Small Cap Growth Fund”) and the American Beacon Stephens Mid-Cap Growth Fund (“Mid-Cap Growth Fund”) shown below for Investor Class and Institutional Class shares of each Fund represent the financial history of Class A and Class I shares, respectively, for each Fund’s predecessor fund, Stephens Small Cap Growth Fund and Stephens Mid Cap Growth Fund, respectively, each a series of Professionally Managed Portfolios, which were acquired by the Small Cap Growth Fund and the Mid-Cap Growth Fund, respectively, in reorganizations on February 24, 2012. The information for the fiscal years ended November 30, 2008, through November 30, 2011, has been audited by each predecessor fund’s independent registered public accounting firm.
The information in the financial highlights for the fiscal year and periods ended 2012 has been derived from the Funds’ financial statements audited by Ernst & Young LLP, Independent Registered Public Accounting Firm, whose report, along with the Funds’ financial statements, is included in the Funds’ Annual Report, which you may obtain upon request.
|
|
American Beacon Bridgeway Large Cap Value Fund
Institutional Class
D
|
|
|
Six Months
Ended
December 31,
|
|
|
|
Year Ended June 30,
|
|
|
|
|
|
Per Share Data
|
|
2012
|
|
2012
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
Net asset value, beginning of period
|
|
$
|
14.80
|
|
$
|
14.62
|
|
$
|
11.44
|
|
$
|
9.74
|
|
$
|
13.63
|
|
$
|
17.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
|
0.20
|
|
|
0.24
|
|
|
0.20
|
C
|
|
0.19
|
C
|
|
0.23
|
C
|
|
0.22
|
C
|
Net gains (losses) on securities (both realized and unrealized)
|
|
|
1.14
|
|
|
0.12
|
|
|
3.21
|
|
|
1.73
|
|
|
(3.89
|
)
|
|
(2.94
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
1.34
|
|
|
0.36
|
|
|
3.41
|
|
|
1.92
|
|
|
(3.66
|
)
|
|
(2.72
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.29
|
)
|
|
(0.18
|
)
|
|
(0.23
|
)
|
|
(0.22
|
)
|
|
(0.23
|
)
|
|
(0.21
|
)
|
Distributions from net realized gains on securities
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(0.51
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.29
|
)
|
|
(0.18
|
)
|
|
(0.23
|
)
|
|
(0.22
|
)
|
|
(0.23
|
)
|
|
(0.72
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
15.85
|
|
$
|
14.80
|
|
$
|
14.62
|
|
$
|
11.44
|
|
$
|
9.74
|
|
$
|
13.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Return
E
|
|
|
9.04
|
%
A
|
|
2.60
|
%
|
|
30.02
|
%
|
|
19.65
|
%
|
|
(26.88
|
%)
|
|
(16.46
|
%)
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
$
|
26,669
|
|
$
|
26,950
|
|
$
|
29,647
|
|
$
|
25,534
|
|
$
|
27,996
|
|
$
|
54,144
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
1.73
|
%
B
|
|
1.30
|
%
|
|
1.17
|
%
|
|
1.11
|
%
|
|
0.98
|
%
|
|
0.80
|
%
|
Expenses, net of reimbursements
|
|
0.84
|
%
B
|
|
0.82
|
%
|
|
0.84
|
%
|
|
0.84
|
%
|
|
0.84
|
%
|
|
0.79
|
%
|
Net investment income (loss), before reimbursements
|
|
1.38
|
%
B
|
|
1.17
|
%
|
|
1.17
|
%
|
|
1.32
|
%
|
|
2.06
|
%
|
|
1.37
|
%
|
Net investment income, net of reimbursements
|
|
2.27
|
%
B
|
|
1.66
|
%
|
|
1.50
|
%
|
|
1.58
|
%
|
|
2.20
|
%
|
|
1.38
|
%
|
Portfolio turnover rate
|
|
21
|
%
A
|
|
36
|
%
|
|
43
|
%
|
|
49
|
%
|
|
65
|
%
|
|
28
|
%
|
C
|
Per share amounts calculated based on the average daily shares outstanding during the period.
|
D
|
Prior to the reorganization on February 3, 2012, the Institutional Class was known as Class N.
|
E
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
|
|
American Beacon Bridgeway Large Cap Value Fund
|
|
|
Y Class
|
|
|
Investor Class
|
|
|
|
|
Per Share Data
|
|
Six Months Ended December 31, 2012
|
|
|
February 3
E
to J
une 30, 2012
|
|
|
Six Months Ended December 31, 2012
|
|
|
February 3
E
to J
une 30, 2012
|
|
Net asset value, beginning of period
|
|
$
|
14.80
|
|
|
$
|
14.46
|
|
|
$
|
14.78
|
|
|
$
|
14.46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
|
0.07
|
|
|
|
0.09
|
|
|
|
0.12
|
|
|
|
0.03
|
|
Net gains (losses)on securities (both realized and unrealized)
|
|
|
1.26
|
|
|
|
0.25
|
|
|
|
1.19
|
|
|
|
0.29
|
|
Total income (loss) from investment operations
|
|
|
1.33
|
|
|
|
0.34
|
|
|
|
1.31
|
|
|
|
0.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.29
|
)
|
|
|
—
|
|
|
|
(0.28
|
)
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.29
|
)
|
|
|
—
|
|
|
|
(0.28
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
15.84
|
|
|
$
|
14.80
|
|
|
$
|
15.81
|
|
|
$
|
14.78
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Return
D
|
|
|
8.98
|
%
A
|
|
|
2.35
|
%
A
|
|
|
8.84
|
%
A
|
|
|
2.21
|
%
A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
36
|
|
|
$
|
5
|
|
|
$
|
489
|
|
|
$
|
215
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
3.75
|
%
B
|
|
|
144.39
|
%
B
|
|
|
2.26
|
%
B
|
|
|
18.30
|
%
B
|
Expenses, net of reimbursements
|
|
|
0.93
|
%
B
|
|
|
0.94
|
%
B
|
|
|
1.21
|
%
B
|
|
|
1.22
|
%
B
|
Net investment income (loss), before reimbursements
|
|
|
(0.51
|
) %
B
|
|
|
(141.90
|
) %
B
|
|
|
1.00
|
%
B
|
|
|
(15.48
|
) %
B
|
Net investment income, net of reimbursements
|
|
|
2.31
|
%
B
|
|
|
1.54
|
%
B
|
|
|
2.05
|
%
B
|
|
|
1.59
|
%
B
|
Portfolio turnover rate
|
|
|
21
|
%
A
|
|
|
36
|
%
C
|
|
|
21
|
%
A
|
|
|
36
|
%
C
|
C
|
Portfolio turnover rate is for the period from July 1, 2011 to June 30, 2012.
|
D
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
E
|
Commencement of operations.
|
|
|
A Class
|
|
|
|
|
|
C Class
|
|
|
|
|
Per Share Data
|
|
Six Months Ended December 31, 2012
|
|
|
February 3
E
to
June 30, 2012
|
|
|
Six Months Ended December 31, 2012
|
|
|
February 3
E
to
June 30, 2012
|
|
Net asset value, beginning of period
|
|
$
|
14.77
|
|
|
$
|
14.46
|
|
|
$
|
14.73
|
|
|
$
|
14.46
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income
|
|
|
0.15
|
|
|
|
0.01
|
|
|
|
0.09
|
|
|
|
0.02
|
|
Net gains (losses)on securities (both realized and unrealized)
|
|
|
1.15
|
|
|
|
0.30
|
|
|
|
1.17
|
|
|
|
0.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
1.30
|
|
|
|
0.31
|
|
|
|
1.26
|
|
|
|
0.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.29
|
)
|
|
|
—
|
|
|
|
(0.29
|
)
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.29
|
)
|
|
|
—
|
|
|
|
(0.29
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
15.78
|
|
|
$
|
14.77
|
|
|
$
|
15.70
|
|
|
$
|
14.73
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Return
D
|
|
|
8.78
|
%
A
|
|
|
2.14
|
%
A
|
|
|
8.54
|
%
A
|
|
|
1.87
|
%
A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
311
|
|
|
$
|
276
|
|
|
$
|
20
|
|
|
$
|
14
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
2.21
|
%
B
|
|
|
15.39
|
%
B
|
|
|
6.81
|
%
B
|
|
|
64.88
|
%
B
|
Expenses, net of reimbursements
|
|
|
1.33
|
%
B
|
|
|
1.34
|
%
B
|
|
|
1.77
|
%
B
|
|
|
2.09
|
%
B
|
Net investment income (loss), before reimbursements
|
|
|
0.90
|
%
B
|
|
|
(13.13
|
) %
B
|
|
|
(3.55
|
) %
B
|
|
|
(62.47
|
) %
B
|
Net investment income, net of reimbursements
|
|
|
1.78
|
%
B
|
|
|
0.92
|
%
B
|
|
|
1.49
|
%
B
|
|
|
0.32
|
%
B
|
Portfolio turnover rate
|
|
|
21
|
%
A
|
|
|
36
|
%
C
|
|
|
21
|
%
A
|
|
|
36
|
%
C
|
C
|
Portfolio turnover rate is for the period from July 1, 2011 to June 30, 2012.
|
D
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
E
|
Commencement of operations.
|
|
|
American Beacon Holland Large Cap Growth Fund
Investor Class
|
|
|
|
For the Years Ended December 31,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, beginning of period
|
|
$
|
20.24
|
|
|
$
|
19.97
|
|
|
$
|
17.94
|
|
|
$
|
12.90
|
|
|
$
|
19.81
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income (loss)
|
|
|
0.02
|
C
|
|
|
(0.05
|
)
A
|
|
|
(0.04
|
)
A
|
|
|
(0.02
|
)
A
|
|
|
(0.04
|
)
A
|
Net gains (losses) from investments (both realized and unrealized)
|
|
|
2.45
|
|
|
|
0.71
|
|
|
|
2.55
|
|
|
|
5.06
|
|
|
|
(6.86
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
2.47
|
|
|
|
0.66
|
|
|
|
2.51
|
|
|
|
5.04
|
|
|
|
(6.90
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.01
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(1.18
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
|
|
—
|
|
|
|
(0.01
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(1.19
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
|
|
—
|
|
|
|
(0.01
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
21.52
|
|
|
$
|
20.24
|
|
|
$
|
19.97
|
|
|
$
|
17.94
|
|
|
$
|
12.90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
B,D
|
|
|
12.18
|
%
|
|
|
3.33
|
%
|
|
|
14.03
|
%
|
|
|
39.07
|
%
|
|
|
(34.83
|
) %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets at end of period (in thousands)
|
|
$
|
66,568
|
|
|
$
|
58,682
|
|
|
$
|
54,128
|
|
|
$
|
50,341
|
|
|
$
|
33,766
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.44
|
%
|
|
|
1.64
|
%
|
|
|
1.77
|
%
|
|
|
1.69
|
%
|
|
|
1.71
|
%
|
Expenses, net of reimbursements
|
|
|
1.29
|
%
|
|
|
1.35
|
%
|
|
|
1.35
|
%
|
|
|
1.35
|
%
|
|
|
1.35
|
%
|
Net investment income (loss), before expense reimbursements
|
|
|
(0.08
|
) %
|
|
|
(0.53
|
) %
|
|
|
(0.64
|
)%
|
|
|
(0.45
|
) %
|
|
|
(0.61
|
) %
|
Net investment income (loss), net of reimbursements
|
|
|
0.07
|
%
|
|
|
(0.24
|
) %
|
|
|
(0.22
|
) %
|
|
|
(0.11
|
) %
|
|
|
(0.25
|
) %
|
Portfolio turnover rate
|
|
|
18
|
%
|
|
|
12
|
%
|
|
|
18
|
%
|
|
|
11
|
%
|
|
|
35
|
%
|
A
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income per share by dividing the change in undistributed net investment income by average shares outstanding for the period.
|
|
|
B
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable
|
|
|
C
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at December 31, 2012.
|
|
|
D
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value returns for shareholder transactions
.
|
|
|
American Beacon Holland Large Cap Growth Fund
Institutional Class
|
|
|
|
For the Year
Ended
December 31,
|
|
|
March 1
E
to
December 31,
|
|
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
Net asset value, beginning of period
|
|
$
|
20.30
|
|
|
$
|
20.00
|
|
|
$
|
17.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income (loss)
|
|
|
0.09
|
F
|
|
|
(0.02
|
)
C
|
|
|
(0.01
|
)
C
|
Net gains (losses) from investments (both realized and unrealized)
|
|
|
2.47
|
|
|
|
0.71
|
|
|
|
2.61
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss)from investment operations
|
|
|
2.56
|
|
|
|
0.69
|
|
|
|
2.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(1.18
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
Total distributions
|
|
|
(1.26
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
21.60
|
|
|
$
|
20.30
|
|
|
$
|
20.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
D, G
|
|
|
12.57
|
%
|
|
|
3.47
|
%
|
|
|
14.58
|
%
A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets at end of period (in thousands)
|
|
$
|
1,619
|
|
|
$
|
1,193
|
|
|
$
|
1,126
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.32
|
%
|
|
|
1.49
|
%
|
|
|
1.91
|
%
B
|
Expenses, net of reimbursements
|
|
|
0.96
|
%
|
|
|
1.20
|
%
|
|
|
1.20
|
%
B
|
Net investment income (loss), before expense reimbursements
|
|
|
0.07
|
%
|
|
|
(0.38
|
)%
|
|
|
(0.77
|
)
B
|
Net investment income (loss), net of reimbursements
|
|
|
0.43
|
%
|
|
|
(0.09
|
)%
|
|
|
(0.06
|
)%
B
|
Portfolio turnover rate
|
|
|
18
|
%
|
|
|
12
|
%
|
|
|
18
|
%
A
|
C
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income per share by dividing the change in undistributed net investment income by average shares outstanding for the period.
|
D
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
E
|
Commencement of operations.
|
F
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at December 31, 2012.
|
G
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value returns for shareholder transactions
.
|
|
|
American Beacon Holland Large Cap Growth Fund
|
|
|
|
Y Class
|
|
|
A Class
|
|
|
C Class
|
|
|
|
March 23
F
to December
31,
|
|
|
Year Ended December 31,
|
|
|
February 1
F
to
December 31,
|
|
|
March 23
F
to
December 31,
|
|
|
|
|
|
|
2012
|
|
|
2011
|
|
|
|
|
|
|
|
Net asset value, beginning of period
|
|
$
|
23.00
|
|
|
$
|
20.23
|
|
|
$
|
19.96
|
|
|
$
|
17.40
|
|
|
$
|
22.90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income (loss)
|
|
|
0.09
|
G
|
|
|
0.03
|
G
|
|
|
(0.05
|
)
D
|
|
|
(0.04
|
)
D
|
|
|
0.01
|
G
|
Net gains (losses) from investments (both realized and unrealized)
|
|
|
(0.26
|
)
|
|
|
2.41
|
|
|
|
0.71
|
|
|
|
3.08
|
|
|
|
(0.38
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
(0.17
|
)
|
|
|
2.44
|
|
|
|
0.66
|
|
|
|
3.04
|
|
|
|
(0.37
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
(0.06
|
)
|
|
|
(0.06
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(0.06
|
)
|
Distributions from net realized gains on securities
|
|
|
(1.18
|
)
|
|
|
(1.18
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
|
|
(1.18
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(1.24
|
)
|
|
|
(1.24
|
)
|
|
|
(0.39
|
)
|
|
|
(0.48
|
)
|
|
|
(1.24
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
21.59
|
|
|
$
|
21.43
|
|
|
$
|
20.23
|
|
|
$
|
19.96
|
|
|
$
|
21.29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
E,H
|
|
|
(0.79
|
)%
|
|
|
11.99
|
%
|
|
|
3.33
|
%
|
|
|
17.51
|
%
A
|
|
|
(1.65
|
)%
A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets at end of period (in thousands)
|
|
$
|
23
|
|
|
$
|
467
|
|
|
$
|
13
|
|
|
$
|
12
|
|
|
$
|
281
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
10.18
|
%
B
|
|
|
2.73
|
%
|
|
|
10.06
|
%
|
|
|
42.81
|
%
B
|
|
|
6.17
|
%
B
|
Expenses, net of reimbursements
|
|
|
0.98
|
%
B
|
|
|
1.38
|
%
|
|
|
1.40
|
%
|
|
|
1.40
|
B%
|
|
|
2.12
|
B%
|
Net investment income (loss), before expense reimbursements
|
|
|
(8.77
|
) %
B
|
|
|
(0.97
|
) %
|
|
|
(8.94
|
)%
|
|
|
(41.83
|
) %
B
|
|
|
(3.85
|
)%
B
|
Net investment income (loss), net of reimbursements
|
|
|
0.43
|
%
B
|
|
|
0.37
|
%
|
|
|
(0.28
|
) %
|
|
|
(0.22
|
) %
B
|
|
|
0.20
|
%
B
|
Portfolio turnover rate
|
|
|
18
|
%
B
|
|
|
18
|
%
|
|
|
12
|
%
|
|
|
18
|
%
A
|
|
|
18
|
%
C
|
C
|
Portfolio turnover rate is for the period from January 1, 2012 to December 31, 2012.
|
D
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income per share by dividing the change in undistributed net investment income by average shares outstanding for the period.
|
E
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
F
|
Commencement of operations.
|
G
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at December 31, 2012.
|
H
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value returns for shareholder transactions
.
|
|
|
|
|
|
American Beacon Stephens Small Cap Growth
Fund-Institutional Class
|
|
|
|
One Month
Ended
December 31,
|
|
|
Year Ended November 30,
|
|
|
|
2012
|
|
|
|
2012
A
|
|
|
|
2011
|
|
|
|
2010
A
|
|
|
|
2009
|
|
|
|
2008
A
|
|
Net asset value, beginning of period/year
|
|
$
|
13.54
|
|
|
$
|
13.14
|
|
|
$
|
12.03
|
|
|
$
|
9.37
|
|
|
$
|
7.09
|
|
|
$
|
12.34
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment (loss)
|
|
|
0.06
|
|
|
|
(0.04
|
)
G
|
|
|
(0.11
|
)
F
|
|
|
(0.09
|
)
F
|
|
|
(0.06
|
)
|
|
|
(0.04
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.23
|
|
|
|
1.43
|
|
|
|
1.37
|
|
|
|
2.75
|
|
|
|
2.34
|
|
|
|
(5.21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
0.29
|
|
|
|
1.39
|
|
|
|
1.26
|
|
|
|
2.66
|
|
|
|
2.28
|
|
|
|
(5.25
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.84
|
)
|
|
|
(0.99
|
)
|
|
|
(0.15
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.84
|
)
|
|
|
(0.99
|
)
|
|
|
(0.15
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
0.00
|
F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
12.99
|
|
|
$
|
13.54
|
|
|
$
|
13.14
|
|
|
$
|
12.03
|
|
|
$
|
9.37
|
|
|
$
|
7.09
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
B,C
|
|
|
2.15
|
%
D
|
|
|
11.65
|
%
|
|
|
10.49
|
%
|
|
|
28.39
|
%
|
|
|
32.16
|
%
|
|
|
(42.54
|
) %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
130,342
|
|
|
$
|
88,815
|
|
|
$
|
52,336
|
|
|
$
|
39,169
|
|
|
$
|
34,356
|
|
|
$
|
13,792
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.20
|
%
E
|
|
|
1.20
|
%
|
|
|
1.15
|
%
|
|
|
1.35
|
%
|
|
|
1.65
|
%
|
|
|
1.46
|
%
|
Expenses, net of reimbursements
|
|
|
1.06
|
%
E
|
|
|
1.10
|
%
|
|
|
1.10
|
%
|
|
|
1.10
|
%
|
|
|
1.25
|
%
|
|
|
1.25
|
%
|
Net investment (loss), before reimbursements
|
|
|
0.54
|
%
E
|
|
|
(0.84
|
)%
|
|
|
(0.91
|
)%
|
|
|
(1.09
|
)%
|
|
|
(1.33
|
)%
|
|
|
(1.00
|
)%
|
Net investment (loss), net of reimbursements
|
|
|
0.68
|
%
E
|
|
|
(0.74
|
)%
|
|
|
(0.86
|
)%
|
|
|
(0.84
|
)%
|
|
|
(0.93
|
)%
|
|
|
(0.79
|
)%
|
Portfolio turnover rate
|
|
|
6
|
%
D
|
|
|
45
|
%
|
|
|
36
|
%
|
|
|
66
|
%
|
|
|
35
|
%
|
|
|
43
|
%
D
|
A
|
Prior to the reorganization on February 24, 2012, the Institutional and Investor Classes were known as Class I and Class A, respectively.
|
B
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
C
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
F
|
Amount represents less than $0.01 per share.
|
G
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at November 30, 2012.
|
H
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income by shares outstanding for the period.
|
|
|
|
|
|
American Beacon Stephens Small Cap Growth Fund-Investor Class
|
|
|
|
One Month Ended December 31,
|
|
|
|
|
|
|
2012
|
|
|
|
2012
A
|
|
|
|
2011
A
|
|
|
|
2010
A
|
|
|
|
2009
A
|
|
|
|
2008
A
|
|
Net asset value, beginning of period/year
|
|
$
|
12.99
|
|
|
$
|
12.67
|
|
|
$
|
11.64
|
|
|
$
|
9.09
|
|
|
$
|
6.90
|
|
|
$
|
12.03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss
|
|
|
0.02
|
|
|
|
(0.06
|
)
G
|
|
|
(0.14
|
)
H
|
|
|
(0.11
|
)
H
|
|
|
(0.09
|
)
|
|
|
(0.13
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.25
|
|
|
|
1.37
|
|
|
|
1.32
|
|
|
|
2.66
|
|
|
|
2.28
|
|
|
|
(5.00
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
0.27
|
|
|
|
1.31
|
|
|
|
1.18
|
|
|
|
2.55
|
|
|
|
2.19
|
|
|
|
(5.13
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.84
|
)
|
|
|
(0.99
|
)
|
|
|
(0.15
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.84
|
)
|
|
|
(0.99
|
)
|
|
|
(0.15
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
0.00
|
F
|
|
|
0.00
|
F
|
|
|
0.00
|
F
|
|
|
0.00
|
F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
12.42
|
|
|
$
|
12.99
|
|
|
$
|
12.67
|
|
|
$
|
11.64
|
|
|
$
|
9.09
|
|
|
$
|
6.90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return,
B,C
|
|
|
2.08
|
%
D
|
|
|
11.44
|
%
|
|
|
10.15
|
%
|
|
|
28.05
|
%
|
|
|
31.74
|
%
|
|
|
(42.64
|
) %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Beacon Stephens Small Cap Growth Fund-Investor Class
|
|
|
|
One Month Ended December 31,
|
|
|
|
|
|
|
2012
|
|
|
|
2012
A
|
|
|
|
2011
A
|
|
|
|
2010
A
|
|
|
|
2009
A
|
|
|
|
2008
A
|
|
Net assets, end of period (in thousands)
|
|
$
|
69,786
|
|
|
$
|
67,506
|
|
|
$
|
47,101
|
|
|
$
|
45,911
|
|
|
$
|
22,058
|
|
|
$
|
19,854
|
|
Ratios to average net assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.62
|
%
E
|
|
|
1.56
|
%
|
|
|
1.40
|
%
|
|
|
1.60
|
%
|
|
|
1.91
|
%
|
|
|
1.69
|
%
|
Expenses, net of reimbursements
|
|
|
1.34
|
%
E
|
|
|
1.36
|
%
|
|
|
1.35
|
%
|
|
|
1.35
|
%
|
|
|
1.50
|
%
|
|
|
1.50
|
%
|
Net investment (loss), before reimbursements
|
|
|
0.23
|
%
E
|
|
|
(1.20
|
)%
|
|
|
(1.16
|
)%
|
|
|
(1.33
|
)%
|
|
|
(1.59
|
)%
|
|
|
(1.36
|
)%
|
Net investment (loss), net of reimbursements
|
|
|
0.50
|
%
E
|
|
|
(1.00
|
)%
|
|
|
(1.11
|
)%
|
|
|
(1.08
|
)%
|
|
|
(1.18
|
)%
|
|
|
(1.17
|
)%
|
Portfolio turnover rate
|
|
|
6
|
%
D
|
|
|
45
|
%
|
|
|
36
|
%
|
|
|
66
|
%
|
|
|
35
|
%
|
|
|
43
|
%
D
|
A
|
Prior to the reorganization on February 24, 2012, the Institutional and Investor Classes were known as Class I and Class A, respectively.
|
B
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
C
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
F
|
Amount represents less than $0.01 per share.
|
G
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at November 30, 2012.
|
H
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income by shares outstanding for the period.
|
|
|
|
|
|
American Beacon Stephens Small Cap Growth
Fund
|
|
|
|
Y Class
|
|
|
A Class
|
|
|
C Class
|
|
|
|
One Month Ended December 31,
|
|
|
February 2
4
F
to November 30,
|
|
|
One Month Ended December 31
,
|
|
|
February 24
F
to November 30,
|
|
|
One Month Ended December 31
,
|
|
|
February 24
F
to November 30,
|
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
Net asset value, beginning of period/year
|
|
$
|
13.54
|
|
|
$
|
13.59
|
|
|
$
|
12.98
|
|
|
$
|
13.07
|
|
|
$
|
12.91
|
|
|
$
|
13.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment (loss)
|
|
|
0.01
|
|
|
|
(0.02
|
)
|
|
|
0.01
|
|
|
|
(0.07
|
)
|
|
|
0.00
|
|
|
|
(0.06
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.27
|
|
|
|
(0.03
|
)
|
|
|
0.25
|
|
|
|
(0.02
|
)
|
|
|
0.25
|
|
|
|
(0.10
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
0.28
|
|
|
|
(0.05
|
)
|
|
|
0.26
|
|
|
|
(0.09
|
)
|
|
|
0.25
|
|
|
|
(0.16
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
(0.84
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
12.98
|
|
|
$
|
13.54
|
|
|
$
|
12.40
|
|
|
$
|
12.98
|
|
|
$
|
12.32
|
|
|
$
|
12.91
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
A,B
|
|
|
2.07
|
%
C
|
|
|
(0.37
|
)%
C
|
|
|
2.01
|
%
C
|
|
|
(0.69
|
%)
C
|
|
|
1.94
|
%
C
|
|
|
(1.22
|
)%
C
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
4,563
|
|
|
$
|
2,699
|
|
|
$
|
3,131
|
|
|
$
|
2,941
|
|
|
$
|
349
|
|
|
$
|
343
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.36
|
%
D
|
|
|
2.05
|
%
D
|
|
|
1.79
|
%
D
|
|
|
2.08
|
%
D
|
|
|
3.21
|
%
D
|
|
|
6.15
|
%
D
|
Expenses, net of reimbursements
|
|
|
1.16
|
%
D
|
|
|
1.21
|
%
D
|
|
|
1.58
|
%
D
|
|
|
1.61
|
%
D
|
|
|
2.33
|
%
D
|
|
|
2.35
|
%
D
|
Net investment (loss), before reimbursements
|
|
|
0.19
|
%
D
|
|
|
(1.57
|
)%
D
|
|
|
0.04
|
%
D
|
|
|
(1.68
|
)%
D
|
|
|
(1.36
|
)%
D
|
|
|
(5.71
|
)%
D
|
Net investment (loss), net of reimbursements
|
|
|
0.38
|
%
D
|
|
|
(0.73
|
)%
D
|
|
|
0.25
|
%
D
|
|
|
(1.21
|
)%
D
|
|
|
(0.48
|
)%
D
|
|
|
(1.91
|
)%
D
|
Portfolio turnover rate
|
|
|
6
|
%
C
|
|
|
45
|
%
E
|
|
|
6
|
%
C
|
|
|
45
|
%
E
|
|
|
6
|
%
C
|
|
|
45
|
%
E
|
A
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
B
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
E
|
Portfolio turnover rate is for the period from December 1, 2011 through November 30, 2012.
|
F
|
Commencement date of operations.
|
|
|
|
|
|
American Beacon Stephens Mid-Cap Growth Fund-Institutional Class
|
|
|
|
One Month Ended December 31,
|
|
|
Year Ended November 30,
|
|
|
|
2012
|
|
|
|
2012
|
A
|
|
|
2011
|
A
|
|
|
2010
|
A
|
|
|
2009
|
A
|
|
|
2008
|
A
|
Net asset value, beginning of period
|
|
$
|
15.24
|
|
|
$
|
13.69
|
|
|
$
|
12.44
|
|
|
$
|
9.63
|
|
|
$
|
7.18
|
|
|
$
|
13.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment (loss)
|
|
|
0.02
|
|
|
|
0.00
|
G
|
|
|
(0.10
|
)
H
|
|
|
(0.09
|
)
H
|
|
|
(0.07
|
)
|
|
|
(0.06
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.20
|
|
|
|
1.55
|
|
|
|
1.35
|
|
|
|
2.90
|
|
|
|
2.52
|
|
|
|
(6.15
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
0.22
|
|
|
|
1.55
|
|
|
|
1.25
|
|
|
|
2.81
|
|
|
|
2.45
|
|
|
|
(6.21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
0.00
|
F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
15.38
|
|
|
$
|
15.24
|
|
|
$
|
13.69
|
|
|
$
|
12.44
|
|
|
$
|
9.63
|
|
|
$
|
7.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
B,C
|
|
$
|
1.43
|
%
D
|
|
|
11.32
|
%
|
|
|
10.05
|
%
|
|
|
29.18
|
%
|
|
|
34.12
|
%
|
|
|
(46.38
|
%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
31,005
|
|
|
$
|
30,503
|
|
|
$
|
13,208
|
|
|
$
|
7,124
|
|
|
$
|
4,552
|
|
|
$
|
3,967
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.31
|
%
E
|
|
|
1.28
|
%
|
|
|
1.65
|
%
|
|
|
2.27
|
%
|
|
|
3.03
|
%
|
|
|
2.19
|
%
|
Expenses, net of reimbursements
|
|
|
0.99
|
%
E
|
|
|
1.03
|
%
|
|
|
1.25
|
%
|
|
|
1.25
|
%
|
|
|
1.25
|
%
|
|
|
1.25
|
%
|
Net investment (loss), before reimbursements
|
|
|
1.37
|
%
E
|
|
|
(0.62
|
)%
|
|
|
(1.12
|
)%
|
|
|
(1.81
|
)%
|
|
|
(2.46
|
)%
|
|
|
(1.57
|
)%
|
Net investment (loss), net of reimbursements
|
|
|
1.69
|
%
E
|
|
|
(0.37
|
)%
|
|
|
(0.72
|
)%
|
|
|
(0.79
|
)%
|
|
|
(0.69
|
)%
|
|
|
(0.63
|
)%
|
Portfolio turnover rate
|
|
|
1
|
%
D
|
|
|
27
|
%
|
|
|
30
|
%
|
|
|
20
|
%
|
|
|
29
|
%
|
|
|
32
|
%
|
A
|
Prior to the reorganization on February 24, 2012, the Institutional and Investor Classes were known as Class I and Class A, respectively.
|
B
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
C
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
F
|
Amount represents less than $0.01 per share.
|
G
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at November 30, 2012.
|
H
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income by shares outstanding for the period.
|
|
|
|
|
|
American Beacon Stephens Mid-Cap Growth Fund-Investor Class
|
|
|
|
One Month Ended December 31,
|
|
|
Year Ended November 30,
|
|
|
|
2012
|
|
|
|
2012
A
|
|
|
|
2011
A
|
|
|
|
2010
A
|
|
|
|
2009
A
|
|
|
|
2008
A
|
|
Net asset value, beginning of period
|
|
$
|
13.72
|
|
|
$
|
12.36
|
|
|
$
|
11.26
|
|
|
$
|
8.74
|
|
|
$
|
6.53
|
|
|
$
|
12.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment loss
|
|
|
0.02
|
|
|
|
(0.14
|
)
G
|
|
|
(0.11
|
)
H
|
|
|
(0.10
|
)
H
|
|
|
(0.07
|
)
|
|
|
(0.11
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.17
|
|
|
|
1.50
|
|
|
|
1.21
|
|
|
|
2.62
|
|
|
|
2.28
|
|
|
|
(5.58
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) investment operations
|
|
|
0.19
|
|
|
|
1.36
|
|
|
|
1.10
|
|
|
|
2.52
|
|
|
|
2.21
|
|
|
|
(5.69
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
American Beacon Stephens Mid-Cap Growth Fund-Investor Class
|
|
|
|
One Month Ended December 31,
|
|
|
Year Ended November 30,
|
|
|
|
2012
|
|
|
|
2012
A
|
|
|
|
2011
A
|
|
|
|
2010
A
|
|
|
|
2009
A
|
|
|
|
2008
A
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
0.00
|
F
|
|
|
0.00
|
F
|
|
|
0.00
|
F
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
13.83
|
|
|
$
|
13.72
|
|
|
$
|
12.36
|
|
|
$
|
11.26
|
|
|
$
|
8.74
|
|
|
$
|
6.53
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
B,C
|
|
|
1.37
|
%
D
|
|
|
11.00
|
%
|
|
|
9.77
|
%
|
|
|
28.83
|
%
|
|
|
33.84
|
%
|
|
|
(46.56
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
18,585
|
|
|
$
|
18,092
|
|
|
$
|
20,034
|
|
|
$
|
15,076
|
|
|
$
|
9,637
|
|
|
$
|
7,748
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.68
|
%
E
|
|
|
1.67
|
%
|
|
|
1.91
|
%
|
|
|
2.52
|
%
|
|
|
3.32
|
%
|
|
|
2.42
|
%
|
Expenses, net of reimbursements
|
|
|
1.37
|
%
E
|
|
|
1.40
|
%
|
|
|
1.50
|
%
|
|
|
1.50
|
%
|
|
|
1.50
|
%
|
|
|
1.50
|
%
|
Net investment (loss), before reimbursements
|
|
|
0.94
|
%
E
|
|
|
(1.04
|
)%
|
|
|
(1.35
|
)%
|
|
|
(2.06
|
)%
|
|
|
(2.75
|
)%
|
|
|
(1.97
|
)%
|
Net investment (loss), net of reimbursements
|
|
|
1.26
|
%
E
|
|
|
(0.76
|
)%
|
|
|
(0.94
|
)%
|
|
|
(1.04
|
)%
|
|
|
(0.93
|
)%
|
|
|
(1.05
|
)%
|
Portfolio turnover rate
|
|
|
1
|
%
D
|
|
|
27
|
%
|
|
|
30
|
%
|
|
|
20
|
%
|
|
|
29
|
%
|
|
|
32
|
%
|
A
|
Prior to the reorganization on February 24, 2012, the Institutional and Investor Classes were known as Class I and Class A, respectively.
|
B
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
C
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
F
|
Amount represents less than $0.01 per share.
|
G
|
For purposes of this calculation, the change in undistributed net investment income per share was derived by dividing the change in undistributed net investment income by shares outstanding at November 30, 2012.
|
H
|
The Predecessor Fund calculated the change in undistributed net investment income per share by dividing the change in undistributed net investment income by shares outstanding for the period.
|
|
|
|
|
|
American Beacon Stephens Mid- Cap Growth Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Y Class
|
|
|
A Class
|
|
|
C Class
|
|
|
|
One Month Ended December 31,
|
|
|
February 2
4
F
to November 30,
|
|
|
One Month Ended December 31
,
|
|
|
February 24
F
to November 30,
|
|
|
One Month Ended December 31
,
|
|
|
February 24
F
to November 30,
|
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
|
2012
|
|
Net asset value, beginning of period/year
|
|
$
|
15.23
|
|
|
$
|
15.09
|
|
|
$
|
13.72
|
|
|
$
|
13.62
|
|
|
$
|
13.63
|
|
|
$
|
13.62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment (loss)
|
|
|
0.02
|
|
|
|
(0.03
|
)
|
|
|
0.02
|
|
|
|
(0.05
|
)
|
|
|
0.02
|
|
|
|
(0.04
|
)
|
Net gains (losses) from securities (both realized and unrealized)
|
|
|
0.21
|
|
|
|
0.17
|
|
|
|
0.17
|
|
|
|
0.15
|
|
|
|
0.18
|
|
|
|
0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total income (loss) from investment operations
|
|
|
0.23
|
|
|
|
0.14
|
|
|
|
0.19
|
|
|
|
0.10
|
|
|
|
0.20
|
|
|
|
0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends from net investment income
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Distributions from net realized gains on securities
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
(0.08
|
)
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption fees added to beneficial interests
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of period
|
|
$
|
15.38
|
|
|
$
|
15.23
|
|
|
$
|
13.83
|
|
|
$
|
13.72
|
|
|
$
|
13.75
|
|
|
$
|
13.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return
A,B
|
|
|
1.50
|
%
C
|
|
|
0.93
|
%
C
|
|
|
1.37
|
%
C
|
|
|
0.73
|
%
C
|
|
|
1.45
|
%
C
|
|
|
0.07
|
%
C
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios and supplemental data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period (in thousands)
|
|
$
|
374
|
|
|
$
|
222
|
|
|
$
|
7,302
|
|
|
$
|
7,063
|
|
|
$
|
302
|
|
|
$
|
147
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses, before reimbursements
|
|
|
1.53
|
%
D
|
|
|
3.85
|
%
D
|
|
|
1.81
|
%
D
|
|
|
1.83
|
%
D
|
|
|
2.68
|
%
D
|
|
|
14.54
|
%
D
|
Expenses, net of reimbursements
|
|
|
1.09
|
%
D
|
|
|
1.09
|
%
D
|
|
|
1.49
|
%
D
|
|
|
1.49
|
%
D
|
|
|
2.24
|
%
D
|
|
|
2.24
|
%
D
|
Net investment (loss), before reimbursements
|
|
|
0.69
|
%
D
|
|
|
(3.09
|
)%
D
|
|
|
0.86
|
%
D
|
|
|
(1.04
|
)%
D
|
|
|
0.15
|
%
D
|
|
|
(13.65
|
)%
D
|
Net investment (loss), net of reimbursements
|
|
|
1.13
|
%
D
|
|
|
(0.33
|
)%
D
|
|
|
1.18
|
%
D
|
|
|
(0.70
|
)%
D
|
|
|
0.59
|
%
D
|
|
|
(1.36
|
)%
D
|
Portfolio turnover rate
|
|
|
1
|
%
C
|
|
|
27
|
%
E
|
|
|
1
|
%
C
|
|
|
27
|
%
E
|
|
|
1
|
%
C
|
|
|
27
|
%
E
|
A
|
Based on net asset value, which does not reflect the sales charge, redemption fee, or contingent deferred sales charge, if applicable.
|
B
|
May include adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.
|
E
|
Portfolio turnover rate is for the period from December 1, 2011 through November 30, 2012.
|
F
|
Commencement date of operations.
|
Additional Information
Additional information about the Funds is found in the documents listed below. Request a free copy of these documents by calling 1-800-658-5811 or you may access them on the Funds’ website at
www.americanbeaconfunds.com
.
Annual Report/Semi-Annual Report
|
|
Statement of Additional Information (“SAI”)
|
The Funds’ Annual and Semi-Annual Reports list each Fund’s actual investments as of the report’s date. They also include a discussion by the Manager of market conditions and investment strategies that significantly affected the Funds’ performance. The report of the Funds’ Independent Registered Public Accounting Firm is included in the Annual Report.
|
|
The SAI contains more details about the Funds and their investment policies. The SAI is incorporated in this prospectus by reference (it is legally part of this prospectus). A current SAI is on file with the Securities and Exchange Commission (SEC).
|
To obtain more information about the Funds or to request a copy of the documents listed above:
|
|
|
|
|
|
|
|
By Telephone:
|
By Mail:
|
By E-mail:
|
On the Internet:
|
Call 1-800-658-5811
|
American Beacon Funds P.O. Box 219643 Kansas City, MO 64121-9643
|
americanbeaconfunds@ambeacon.com
|
Visit our website at
www.americanbeaconfunds.com
Visit the SEC website at www.sec.gov
|
The SAI and other information about the Funds are available on the EDGAR Database on the SEC’s Internet site at www.sec.gov. Copies of this information may be obtained, after paying a duplicating fee, by electronic mail to publicinfo@sec.gov, or by writing to the SEC’s Public Reference Section, 100 F Street, NE, Washington, D.C. 20549-1520. The SAI and other information about the Funds may also be reviewed and copied at the SEC’s Public Reference Room. Information on the operation of the SEC’s Public Reference Room may be obtained by calling the SEC at (202) 551-8090.
Fund Service Providers:
C
USTODIAN
State Street Bank and Trust Company
Boston, Massachusetts
|
|
T
RANSFER
A
GENT
Boston Financial Data Services
Kansas City, Missouri
|
|
I
NDEPENDENT
R
EGISTERED
P
UBLIC
A
CCOUNTING
F
IRM
Ernst & Young LLP
Dallas, Texas
|
|
D
ISTRIBUTOR
Foreside Fund Services, LLC
Portland, Maine
|
American Beacon is a registered service mark of American Beacon Advisors, Inc. The American Beacon Funds and American Beacon Bridgeway Large Cap Value Fund, American Beacon Holland Large Cap Growth Fund, American Beacon Stephens Small Cap Growth Fund, and American Beacon Stephens Mid-Cap Growth Fund are service marks of American Beacon Advisors, Inc.
SEC File Number 811-4984
63