Morningstar - Q3 2022 - 47

ESG isn't only for equities.
ESG factors can have a material impact on the future performance of credit assets -
and they're especially important when socially conscious investors screen potential
investment strategies. While not every investor will want their capital managed according
to sustainability considerations, ESG integration may still benefit risk-adjusted returns.
American Beacon Advisors has multi-manager and single-manager fixed-income mutual
funds that incorporate ESG factors in their strategies.
OVERALL MORNINGSTAR RATINGTM as of May 31, 2022
American Beacon Frontier Markets Income Fund
Y Class: AGEYX Fund inception: 2/25/2014
American Beacon TwentyFour Strategic Income Fund
Y Class: TFGYX Fund inception: 4/3/2017
American Beacon TwentyFour Sustainable Short Term Bond Fund
Y Class: TFBYX Fund inception: 2/18/2020
Morningstar ratings may vary among share classes and are based on 3-, 5- and 10-year (when applicable) risk-adjusted total returns, which are not indicative of future results.
Consider the investment objectives, risks, charges and expenses of each Fund carefully before investing.
The prospectus and summary prospectus contain this and additional information. To obtain a prospectus
and summary prospectus for each Fund, contact your financial advisor, visit americanbeaconfunds.com
or call 800.967.9009. The prospectus and summary prospectus should be read carefully before investing.
Past performance is no guarantee of future results. All investing involves risk, including possible loss of principal.
For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM
based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects
of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. (Each share class is counted as a fraction of one fund within the scale and rated separately, which may cause slight variations in the distribution
percentages.) 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. ©2022 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.
FUND RISKS
American Beacon Frontier Markets Income Fund: Foreign, emerging and frontier market securities; market disruptions; derivative instruments; fixed-income securities; high‐yield securities (commonly referred to as " junk bonds " );
credit risk; and environmental, social and/or governance (ESG). American Beacon TwentyFour Strategic Income Fund: Derivative instruments, including forwards, futures, options, swaps and other instruments; interest rate;
high-yield securities (commonly referred to as " junk bonds " ), including loans, restricted securities and floating-rate securities; foreign and emerging market securities; high portfolio turnover; Financial sector; United Kingdom securities;
and environmental, social and/or governance (ESG). American Beacon TwentyFour Sustainable Short Term Bond Fund: Interest rate; high-yield securities (commonly referred to as " junk bonds " ); derivative instruments, including
forwards, futures, options, swaps and other instruments; foreign securities; high portfolio turnover; fewer issuers; Financial sector; United Kingdom securities; and environmental, social and/or governance (ESG).
Incorporating environmental, social and/or governance (ESG) considerations in an investment strategy may cause it to underperform funds that do not incorporate these considerations.
Please see each Fund's prospectus for a complete discussion of each Fund's risks. There can be no assurances that the investment objectives of these Funds will be met.
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
©2022 American Beacon Advisors, Inc. All rights reserved.
MSTAR-RIM-AD-3Q2022
06/22

Among 253 U.S.-domiciled
Emerging Markets Bond Funds
The Fund's Y Class was rated 5 stars out of 253 funds and 5 stars
out of 214 funds for the 3- and 5-year periods, respectively.

Among 280 U.S.-domiciled
Multisector Bond Funds
The Fund's Y Class was rated 4 stars out of 280 funds and 5 stars
out of 246 funds for the 3- and 5-year periods, respectively.

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

Morningstar - Q3 2022

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