[November 18, 2024]

American Beacon Advisors Adopts Two Mutual Funds From Ninety One North America

American Beacon Advisors, Inc. ("American Beacon"), an experienced provider of investment advisory services to institutional and retail markets, announced today that it has assumed management of two mutual funds previously managed by Ninety One North America, Inc. ("Ninety One"). Effective November 15, 2024, American Beacon will serve as the investment advisor and Ninety One will serve as sub-advisor to the newly adopted mutual funds: American Beacon Ninety One Global Franchise Fund and American Beacon Ninety One International Franchise Fund ("the Funds").

The Funds invest in a concentrated number of high-quality, attractively valued, well-run companies that have strong balance sheets and dominant market positioning. The investment teams focus on fundamental research to identify companies offering these characteristics, which has resulted in resilient portfolios characterized by durable, defensive and differentiated alpha.

Greg Stumm, president and CEO of Resolute Investment Managers and American Beacon, said: "We are continually seeking to add high-quality asset management partners to the American Beacon and Resolute platforms. Ninety One is a highly respected global asset manager, and we are thrilled to bring their competencies even deeper into the U.S. wealth market. Following on Resolute's successful partnership with Ninety One to distribute two of their separately managed account strategies in January 2024, the Funds represent a natural progression in our relationship. These adoptions will allow us to meet the increasing demand for global and international fund offerings, expand the scale of the Funds, and extend Ninety One's presence in the U.S. wealth market. Our mutual objective is to distribute a diverse range of products and vehicles across all U.S. wealth channels."

Richard Garland, managing director and head of the Global Advisor Business at Ninety One, said: "By partnering with American Beacon and Resolute, we continue to build our U.S. footprint through their strong distribution network, offering quality investment capabilities to meet the long-term needs of investors. We believe the market undervalues the ability of quality companies with enduring competitive advantages and disciplined capital allocation to deliver persistently high or improving cash flows and returns on invested capital. The American Beacon Ninety One Global Franchise Fund and American Beacon Ninety One International Franchise Fund have historically concentrated portfolios of high-quality businesses with exceptional characteristics, which has enabled them to compound free cash flows over long periods."

About the Funds

For more information about the Funds, visit www.americanbeaconadvisors.com.

About American Beacon Advisors
American Beacon Advisors, Inc., an investment affiliate of Resolute Investment Managers, Inc., is an experienced provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds and exchange-traded funds. The Funds employ a "manager of managers" investment style and currently include international and domestic equity, fixed income and money market funds. As of September 30, 2024, American Beacon Advisors had $60.3 billion in assets under management. For more information, visit www.americanbeaconadvisors.com.

About Ninety One
Ninety One is an active, global investment manager managing $170.9 billion in assets as of September 30, 2024. Their goal is to provide long-term investment returns for clients while making a positive difference to people and the planet. Established in South Africa in 1991 as Investec Asset Management, the firm began as a small start-up offering domestic investments in an emerging market. In 2020, as a global firm proud of their emerging-market roots, they demerged to become Ninety One. Ninety One is committed to developing specialist investment teams organically. Their heritage and approach let them bring a different perspective to active and sustainable investing across equities, fixed income, multi-asset and alternatives to their clients - institutions, advisors and individual investors around the world. For more information, visit NinetyOne.com.

Disclosures

You should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Funds. To obtain a prospectus or summary prospectus for the Funds, contact your financial advisor, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.

Important Information: Past performance is no guarantee of future results.

Risks associated with the Funds: 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. 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. The Fund's incorporation of environmental, social and/or governance (ESG) considerations in its investment strategy may cause it to underperform funds that do not incorporate these considerations. The Fund participates in a securities lending program. Please see the prospectus for a complete discussion of each Funds' risks. There can be no assurances that the investment objectives of the Funds will be met.

The American Beacon Funds are distributed by Resolute Investment Distributors, Inc.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds, American Beacon Ninety One Global Franchise Fund and American Beacon Ninety One International Franchise Fund are service marks of American Beacon Advisors, Inc.

91-FUNDS-PRESS-2024 | 11/24

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