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IRVING, Texas--(BUSINESS WIRE)--American Beacon Advisors, Inc. (American Beacon), a leading provider of investment advisory services to institutional and retail markets, announced today the launch of the American Beacon AHL TargetRisk Core Fund (Fund) (R6 Class: AHTRX; Y Class: AABYX; A Class: AAHAX; C Class: AAECX), the third mutual fund sub-advised for the firm by London-based AHL Partners LLP (Man AHL), an investment engine part of Man Group plc, the global active investment manager. The Funds shares became available on December 16, 2020. The American Beacon AHL TargetRisk Core Fund is a long-only dynamic risk managed strategy, providing investors with a core, balanced portfolio allocation. The Fund invests in global bonds and equities through futures contracts, and scales allocations to these asset classes based on market volatility. Risk management is central to the Funds approach, with the aim of reducing overall drawdowns and exposure to swings in volatility while providing excess returns over the long term, regardless of market conditions. The Fund further draws upon Man AHLs more than 30 years of quantitative investing experience by employing three proprietary risk-managed overlays that engage systematically based on the market environment: volatility, momentum and correlation. TargetRisk Core builds on the success of the American Beacon AHL TargetRisk Fund, which debuted at the end of 2018 and provides investors with a diverse allocation across bonds, equities, credit and inflation. Gene Needles, chairman and CEO of American Beacon and its parent company, Resolute Investment Managers, said: Weve seen rapid market adoption of the American Beacon AHL TargetRisk Fund, so were delighted to once again partner with Man AHL to bring this new sister fund to our clients. The Fund is driven by some of the most sophisticated systematic trading systems available, and it employs deep investment and academic research with the aim of mitigating risk and adjusting its exposures to maintain a steady level of volatility in different market environments. Russell Korgaonkar, chief investment officer at Man AHL, said: Weve had a strong strategic partnership with American Beacon for over six years, and were pleased to bring this new product to investors through the firms extensive distribution network. We believe that dynamic risk management will make the difference in generating returns over the long run, and that this systematic approach can provide investors with a smoother experience as they navigate choppy and unpredictable markets. Man AHL now sub-advises three funds for American Beacon. In addition to the new Fund, Man AHL also sub-advises: About American Beacon Advisors An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors, Inc. is a leading 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. 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, 2020, American Beacon Advisors had more than $55.5 billion in assets under management; the affiliated companies of Resolute Investment Managers had approximately $102.0 billion in assets under management. For more information, visit www.americanbeaconadvisors.com. About Man Group Man Group plc is a global active investment management firm, with $113.11 billion of client capital in liquid and private markets, managed by investment specialists based around the world. Headquartered in London, the firm has 15 international offices and operates across multiple jurisdictions. The business has five specialist investment engines, which represent the range of its capabilities: Man AHL, Man Numeric, Man GLG, Man FRM and Man GPM. Further information can be found at www.man.com. About Man AHL Man AHL employs diversified quantitative techniques to offer a range of strategies which encompass traditional momentum, non-traditional momentum, multi-strategy and long-only strategies. Man AHLs strategies are primarily alternative and seek to gain potential predictive, alpha-generating insights through rigorous analysis of large data sets. Man AHL applies scientific rigour, advanced technology and execution to a diverse range of data in order to build systematic investment strategies, trading continuously over hundreds of global markets. The team of over a hundred investment professionals is comprised of scientists, technologists and finance practitioners, driven by curiosity and intellectual honesty, and a passion for solving the complex problems presented by financial markets. Man AHL leverages Man Groups unique collaboration with the University of Oxford, the Oxford-Man Institute of Quantitative Finance (OMI). The OMI conducts field-leading academic research into machine learning and data analytics, which can be applied to quantitative investing. Founded in 1987, Man AHLs funds under management were $38.8 billion at 30 September 2020. Further information can be found at www.man.com/ahl. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, call 800.967.9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing. American Beacon AHL Managed Futures Strategy Fund: 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 Funds 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 Funds 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. American Beacon AHL TargetRisk Core Fund: 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 high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. 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 Funds 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 Funds 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. American Beacon AHL TargetRisk Fund: 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 high-yield securities (commonly referred to as junk bonds) is subject to greater levels of credit, interest rate, market and liquidity risks than investment-grade securities. In a period of sustained deflation, inflation index-linked securities may not pay any income and may suffer a loss. 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 Funds 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 Funds 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 each Funds risks. There can be no assurances that the investment objectives of any Fund will be met. American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds, American Beacon AHL Managed Futures Strategy Fund, American Beacon AHL TargetRisk Core Fund and American Beacon AHL TargetRisk Fund are service marks of American Beacon Advisors, Inc. The American Beacon Funds are distributed by Resolute Investment Distributors, Inc. YAB6-PRESS-1 12/20 1 As of September 30, 2020. This refers to the combined AUM of all affiliated Man Group investment managers. Throughout this communication, reference to Man Group refers to all Man Group plc and its subsidiaries. All investment management services are offered through Man Groups affiliated investment managers.

Answer: American Beacon Advisors and Man AHL Launch the American Beacon AHL TargetRisk Core Fund New Fund Combines Systematic Approach With Active Risk Management and Capital Preservation