American Beacon Stephens Small Cap Growth Fund

Disclosures

Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index.

Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Investing in small-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign markets may involve heightened risk due to currency fluctuations and economic and political risks. To the extent the Fund invests more heavily in particular sectors, its performance will be sensitive to factors affecting those sectors. Information Technology sector companies may face intense competition and rapid product obsolescence, have limited product lines, markets, financial resources or personnel, and lose patent, copyright and trademark protections. Investing in Health Care sector companies involves risk due to government regulations, product litigation, competitive forces, and loss of patent protection. The Fund participates in a securities lending program. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

For any Class of the Fund that began operating within the 10-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. A portion of fees charged to the R5 Class of Stephens Small Cap Growth Fund was waived in 2020 to 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. A portion of fees charged to the Investor Class of Stephens Small Cap Growth Fund was waived in 2015, fully recovered in 2017, and waived in 2020 to 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. A portion of fees charged to the Y Class of Stephens Small Cap Growth Fund was waived in 2020 to 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. A portion of fees charged to the A Class of Stephens Small Cap Growth Fund was waived in 2020 to 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. A portion of fees charged to the C Class of Stephens Small Cap Growth Fund was waived in 2019 to 2024. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived. A portion of fees charged to the R6 Class of Stephens Small Cap Growth Fund has been waived since Class inception. Performance prior to waiving fees was lower than actual returns shown since inception. Specific information about any Fund may be found in Performance Disclaimers or in the prospectus.

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.

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. “Russell®” is a trademark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.