Morningstar - Q4 2021 - 51

Alternative Strategies
for Building Diversified
Portfolios
American Beacon's alternative mutual
funds give investors access to
non-traditional assets and strategies
and the potential benefits of
their traditional strengths,
including greater
diversification.
American Beacon
AHL Managed Futures
Strategy Fund
Y Class: AHLYX
OVERALL MORNINGSTAR RATINGTM
as of August 31, 2021

Y Class shares among 72 Systematic Trend funds.
Overall Rating is based on risk-adjusted returns.
The American Beacon AHL Managed Futures Strategy Fund applies robust
statistical research to help manage risk, capture stock market trends and seek positive
performance during periods of prolonged market turmoil. Managed futures have low correlation
with traditional asset classes, making them a potentially powerful diversifier for any portfolio.
All investing involves risk, including possible loss of principal. Consider the investment objectives, risks, charges and expenses of the Fund
carefully before investing. The prospectus and summary prospectus contain this and additional information. To obtain a prospectus and
summary prospectus, contact your financial advisor, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary
prospectus should be read carefully before investing.
FUND RISKS: Investing in derivative instruments involves liquidity, credit, interest rate and market risks. The use of quantitative models may lead to high levels of
trading and concentration among certain investments, resulting in higher trading costs and return volatility. Investing in foreign and emerging market securities may involve
heightened risk due to currency fluctuations and economic and political risks. Regulatory changes may impair the Fund's ability to qualify for federal income tax treatment as
a regulated investment company, which could result in the Fund and shareholders incurring significant income tax expense. The Fund may have high portfolio turnover risk,
which could increase the Fund's transaction costs and possibly have a negative impact on performance. Because the Fund may invest in fewer issuers than a more diversified
portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. Please see the prospectus for a complete discussion of Fund risks. There can
be no assurances that the investment objectives of this Fund will be met.
The Morningstar Rating for funds, or " star rating, " is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchangetraded
funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10%
of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.
The Overall Morningstar RatingTM for a fund is derived from a weighted average of performance figures associated with its three-, five- and 10-year (if applicable) Morningstar
Rating metrics. In the U.S.-domiciled Systematic Trend category, the American Beacon AHL Managed Futures Strategy Fund (Y Class) was rated 5 stars out of 72 funds overall.
The Fund was rated 5 stars out of 72 funds and 5 stars out of 67 funds for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied
or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses
arising from any use of this information.
American Beacon Advisors, Inc. is an affiliate of Resolute Investment Managers, Inc. The American Beacon Funds are distributed by
Resolute Investment Distributors, Inc. For more information about our parent company, visit resolutemanagers.com.
220 East Las Colinas Blvd., Suite 1200 | Irving, Texas 75039 | 800.967.9009 | americanbeaconadvisors.com
©2021 American Beacon Advisors, Inc. All rights reserved. | MSTAR-RIM-AD 09/21

http://www.americanbeaconfunds.com http://www.resolutemanagers.com http://www.americanbeaconadvisors.com

Morningstar - Q4 2021

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