# EDGAR Filing Document

**Accession Number:** 0000809593
**File Stem:** 0001133228-26-002455
**Filing Date:** 2026-2
**Character Count:** 62474
**Document Hash:** af4b6985f7e14fca8c19216ab7ce2c21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-002455.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001133228-26-002455

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**EFFECTIVENESS DATE**: 20260227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN BEACON FUNDS
- **CENTRAL INDEX KEY:** 0000809593

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-11387
- **FILM NUMBER:** 26695174

**BUSINESS ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 8173916100

**MAIL ADDRESS:**
- **STREET 1:** 220 EAST LAS COLINAS BOULEVARD
- **STREET 2:** SUITE 1200
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN AADVANTAGE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN EAGLE FUNDS
- **DATE OF NAME CHANGE:** 19890813

## Series and Classes Contracts Data

### American Beacon International Equity Fund (Series ID: S000001825)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000004784 | R5 Class       | AAIEX           |
| C000004785 | Investor Class | AAIPX           |
| C000004786 | Advisor Class  | AAISX           |
| C000079124 | Y Class        | ABEYX           |
| C000089428 | A Class        | AIEAX           |
| C000092345 | C Class        | AILCX           |
| C000185593 | R6 Class       | AAERX           |

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| | |
|:---|:---|
| American Beacon<br>International Equity Fund<sup>SM</sup> | ![](sp2734img001.jpg) |

---

 **SUMMARY PROSPECTUS** **March 1, 2026**<br>

Before you invest, you may want to review the Fund's prospectus and statement of additional information, which contain more information about the Fund and its risks. The current prospectus and statement of additional information, dated March 1, 2026, are incorporated by reference into this summary prospectus. You can find the Fund's prospectus, statement of additional information, reports to shareholders, and other information about the Fund online at www.americanbeaconfunds.com/resource_center/MutualFundForms.aspx. You can also get this information at no cost by calling 1-800-658-5811 or by sending an email request to americanbeaconfunds@ambeacon.com.

 **Share Class \| A:** **AIEAX \| C:** **AILCX \| Y:** **ABEYX \| R6:** **AAERX \| Advisor:** **AAISX \| R5:** **AAIEX \| Investor:** **AAIPX**<br>

Investment Objective

The Fund's investment objective is long-term capital appreciation.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage** **commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.** You may qualify for sales discounts if you and your eligible family members invest, or agree to invest in the future, at least $50,000 in all classes of the American Beacon Funds on an aggregated basis. More information about these and other discounts is available from your financial professional and in "Choosing Your Share Class" on page 63 of the Prospectus and "Additional Purchase and Sale Information for A Class Shares" on page 77 of the Statement of Additional Information ("SAI"). With respect to purchases of shares through specific intermediaries, you may find additional information regarding sales charge discounts and waivers in **Appendix A** to the Fund's Prospectus entitled "Intermediary Sales Charge Discounts, Waivers and Other Information."

**Shareholder Fees** (fees paid directly from your investment)

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  **Share Class** | **A** | **C** | **Y** | **R6** | **Advisor** | **R5** | **Investor** |
| Maximum sales charge imposed on purchases (as a percentage of offering price) | 5.75% |  |  |  |  |  |  |
| Maximum deferred sales charge (as a percentage of the lower of original offering price or redemption proceeds) | 0.50%<sup>1</sup> | 1.00% |  |  |  |  |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) | **Annual Fund Operating Expenses** (Expenses that you pay each year as a percentage of the value of your investment) |
|  **Share Class** | **A** | **C** | **Y** | **R6** | **Advisor** | **R5** | **Investor** |
| Management Fees | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
| Distribution and/or Service (12b-1) Fees | 0.25% | 1.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% |
| Other Expenses<sup>2</sup> | 0.35% | 0.39% | 0.24% | 0.17% | 0.40% | 0.17% | 0.49% |
| Acquired Fund Fees and Expenses | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| **Total Annual Fund Operating Expenses<sup>3</sup>** | **1.23%** | **2.02%** | **0.87%** | **0.80%** | **1.28%** | **0.80%** | **1.12%** |
| Fee Waiver and/or expense reimbursement<sup>4</sup> | 0.00% | 0.00% | 0.00% | (0.10%) | 0.00% | 0.00% | 0.00% |
| **Total Annual Fund Operating Expenses after fee** **waiver and/or expense reimbursement** | **1.23%** | **2.02%** | **0.87%** | **0.70%** | **1.28%** | **0.80%** | **1.12%** |

---

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| | |
|:---|:---|
| 1 | Currently, the Fund does not assess a front-end sales load on purchases of A Class shares of $1,000,000 or more. However, the Fund assesses a contingent deferred sales charge (''CDSC'') of 0.50% on certain purchases of $1,000,000 or more of A Class shares that are redeemed in whole or part within 18 months of purchase. |

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| | |
|:---|:---|
| 2 | During the fiscal year ended October 31, 2025, the Fund paid amounts to American Beacon Advisors, Inc. (the "Manager") that were previously waived and/or reimbursed under a contractual fee waiver/expense reimbursement agreement for the Fund's R6 Class shares in the amount of 0.01%. |

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| | |
|:---|:---|
| 3 | The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Fund's Financial Highlights table, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. |

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| | |
|:---|:---|
| 4 | The Manager has contractually agreed to waive fees and/or reimburse expenses of the Fund's R6 Class shares, through February 28, 2027, to the extent that Total Annual Fund Operating Expenses exceed 0.69% for the R6 Class shares (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses, securities lending fees, expenses associated with securities sold short, litigation, and other extraordinary expenses). The contractual expense reimbursement can be changed or terminated only in the discretion and with the approval of a majority of the Fund's Board of Trustees ("Board"). The Manager will itself waive fees and/or reimburse expenses of the Fund to maintain the contractual expense ratio caps for each applicable class of shares or make arrangements with other service providers to do so. The Manager can be reimbursed by the Fund for any contractual fee waivers or expense reimbursements if reimbursement to the Manager (a) occurs within three years from the date of the Manager's waiver/reimbursement and (b) does not cause the Total Annual Fund Operating Expenses of a class to exceed the lesser of the contractual percentage limit in effect at the time of the waiver/reimbursement or the time of the recoupment. |

---

**Example**

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same, except that the Example reflects the fee waiver/expense reimbursement arrangement for the R6 Class shares through February 28, 2027. C Class shares automatically convert to A Class shares 8 years after purchase, if the conversion is available through your financial intermediary. This Example reflects your costs as though C Class shares were held for the full 10-year period. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

IEF030126

**American Beacon International Equity Fund** - Summary Prospectus**1**

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| | | | | |
|:---|:---|:---|:---|:---|
|  **Share Class** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| A | $693 | $943 | $1212 | $1978 |
| C | $305 | $634 | $1088 | $2348 |
| Y | $89 | $278 | $482 | $1073 |
| R6 | $72 | $245 | $434 | $981 |
| Advisor | $130 | $406 | $702 | $1545 |
| R5 | $82 | $255 | $444 | $990 |
| Investor | $114 | $356 | $617 | $1363 |

---

Assuming no redemption of shares:

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| | | | | |
|:---|:---|:---|:---|:---|
|  **Share Class** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| C | $205 | $634 | $1088 | $2348 |

---

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 49% of the average value of its portfolio.

Principal Investment Strategies

Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in common stocks and securities convertible into common stocks (collectively, "stocks") of issuers based in at least three different countries located outside the United States.

The Fund considers a company to be based in a country located outside the United States if the company is classified by MSCI Inc. as a non-United States company. For companies that have not been classified by MSCI Inc., the sub-advisors may consider a company to be based outside the United States if:

■ the
 company's security is primarily listed for trading in a non-United States market;

■ the
 company is headquartered in a non-United States country; or

■ the
 company has at least half of its assets or derives at least half of its revenues outside the United States.

The Fund primarily invests in countries represented in the MSCI® EAFE Index. The MSCI EAFE Index is designed to represent the performance of large- and mid-capitalization securities across 21 developed markets countries, including countries in Europe, Australasia and the Far East, and excluding the U.S. and Canada. It covers approximately 85% of the free float-adjusted market capitalization in each country. Companies included in the MSCI EAFE Index are selected from among the larger capitalization companies in these markets. The Fund may use foreign currency futures contracts, foreign currency forward contracts, including non-deliverable forward contracts ("NDFs"), and currency swaps as a hedge against foreign currency fluctuations.

The Fund principally invests in large-capitalization and mid-capitalization companies, and to a lesser extent in small-capitalization companies. The Fund's investments in stocks may include depositary receipts, which may include American depositary receipts ("ADRs"), and U.S. dollar-denominated foreign stocks traded on U.S. exchanges. The Manager allocates the assets of the Fund among different sub-advisors. The Manager believes that this strategy may help the Fund outperform other investment styles over the longer term while reducing volatility and downside risk.

The sub-advisors select stocks that, in their opinion, have most or all of the following characteristics (relative to that stock's country, sector or industry):

■ above-average
 return on equity or earnings growth potential,

■ below-average
 price to earnings or price to cash flow ratio,

■ below-average
 price to book value ratio, and

■ above-average
 dividend yields.

The sub-advisors may consider potential changes in currency exchange rates when choosing stocks. Each of the sub-advisors determines the earnings growth prospects of companies based upon a combination of internal and external research using fundamental analysis and considering changing economic trends. The decision to sell a stock is typically based on the belief that the company is no longer considered undervalued or shows deteriorating fundamentals, or that better investment opportunities exist in other stocks. The Fund may have significant exposure to issuers located in, or with economic ties to, Europe and the United Kingdom. However, as the geographic composition of the Fund's portfolio changes over time, the Fund's exposure to Europe and/or the United Kingdom may decline, and the Fund's exposure to other geographic areas may increase.

The Fund may invest cash balances in a government money market fund advised by the Manager, with respect to which the Manager receives a management fee. The Fund also may purchase and sell equity index futures contracts to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs. The Fund may seek to earn additional income by lending its securities to certain qualified broker-dealers and institutions.

Principal Risks

There is no assurance that the Fund will achieve its investment objective and you could lose part or all of your investment in the Fund. **The Fund is not designed** **for investors who need an assured level of current income and is intended to be a long-term investment. The Fund is not a complete investment** **program and may not be appropriate for all investors. Investors should carefully consider their own investment goals and risk tolerance before** **investing in the Fund.** The principal risks of investing in the Fund listed below are presented in alphabetical order and not in order of importance or potential exposure. Among other matters, this presentation is intended to facilitate your ability to find particular risks and compare them with the risks of other funds. Each risk summarized below is considered a "principal risk" of investing in the Fund, regardless of the order in which it appears.

**Convertible Securities Risk**<br>The value of a convertible security typically increases or decreases with the price of the underlying common stock. In general, a convertible security is subject to the market risks of stocks when the underlying stock's price is high relative to the conversion price and is subject to the market risks of debt securities when the underlying stock's price is low relative to the conversion price. The general market risks of debt securities that are common to convertible securities include, but are not limited to, interest rate risk and credit risk. Many convertible securities have credit ratings that are below investment grade and are subject to the same risks as an investment in below investment grade debt securities (commonly known as "junk bonds"). Lower-rated debt securities may fluctuate more widely in price and yield than investment grade debt securities and may fall in price during times when the economy is weak or is expected to become weak. Convertible securities are subject to the risk that the credit standing of the issuer may have an effect on the convertible security's investment value. In addition, to the extent

**2** **American Beacon International Equity Fund** - Summary Prospectus

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the Fund invests in convertible securities issued by small- or mid-capitalization companies, it will be subject to the market risks of investing in such companies. The stocks of small- and mid-capitalization companies may fluctuate more widely in price than the market as a whole and there may also be less trading in small- or mid-capitalization stocks. Convertible securities are sensitive to movement in interest rates.

**Counterparty Risk**<br>The Fund is subject to the risk that a party or participant to a transaction, such as a broker or a derivative counterparty, will be unwilling or unable to satisfy its obligation to make timely principal, interest or settlement payments or to otherwise honor its obligations to the Fund.

**Credit Risk**<br>The Fund is subject to the risk that the issuer, guarantor or insurer of an obligation, or the counterparty to a transaction, may fail, or become less able or unwilling, to make timely payment of interest or principal or otherwise honor its obligations or default completely. Changes in the actual or perceived creditworthiness of an issuer, or a downgrade or default affecting any of the Fund's securities, could affect the Fund's performance. Generally, the longer the maturity and the lower the credit quality of a security, the more sensitive it is to credit risk.

**Currency Risk**<br>The Fund may have exposure to foreign currencies. Foreign currencies may fluctuate significantly over short periods of time, may be affected unpredictably by intervention, or the failure to intervene, of the U.S. or foreign governments or central banks, and may be affected by currency controls or political developments in the U.S. or abroad. Foreign currencies may also decline in value relative to the U.S. dollar and other currencies and thereby affect the Fund's investments.

**Cybersecurity and Operational Risk**<br>Operational risks arising from, among other problems, human errors, systems and technology disruptions or failures, or cybersecurity incidents may negatively impact the Fund, its service providers and third-party fund distribution platforms, including the ability of shareholders to transact in the Fund's shares, and result in financial losses. Cybersecurity incidents may allow an unauthorized party to gain access to Fund assets, shareholder data, or proprietary information, or cause the Fund or its service providers, as well as securities trading venues and their service providers, to suffer data corruption or lose operational functionality. Cybersecurity incidents can result from deliberate attacks or unintentional events. It is not possible for the Fund or its service providers to identify all of the operational risks that may affect the Fund or to develop processes and controls to completely eliminate or mitigate their occurrence or effects. The Fund cannot control the cybersecurity and operational plans and systems of its service providers, its counterparties or the issuers of securities in which the Fund invests. The issuers of the Fund's investments are likely to be dependent on computers for their operations and require ready access to their data and the internet to conduct their business. Thus, cybersecurity incidents could also affect issuers of the Fund's investments, leading to significant loss of value.

**Derivatives Risk**<br>Derivatives may involve significant risk. The use of derivative instruments may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities or other instruments underlying those derivatives, including the high degree of leverage often embedded in such instruments, and potential material and prolonged deviations between the theoretical value and realizable value of a derivative. The use of derivatives may also increase any adverse effects resulting from the underperformance of strategies, asset classes and market exposures to which the Fund has allocated its assets. Derivatives may at times be highly illiquid, and the Fund may not be able to close out or sell a derivative at a particular time or at an anticipated price. Certain derivatives may be difficult to value, and valuation may be more difficult in times of market turmoil. Derivatives may also be more volatile than other types of investments. Derivative investments can increase portfolio turnover and transaction costs. Derivatives also are subject to counterparty risk and credit risk. As a result, the Fund may not recover its investment or may only obtain a limited recovery, and any recovery may be delayed. Not all derivative transactions require a counterparty to post collateral, which may expose the Fund to greater losses in the event of a default by a counterparty. Derivatives transactions requiring the Fund to post collateral may expose the Fund to greater losses in the event of a default by a counterparty. There may be imperfect correlation between the behavior of a derivative and that of the reference instrument underlying the derivative. An abrupt change in the price of a reference instrument could render a derivative worthless. Derivatives may involve risks different from, and possibly greater than, the risks associated with investing directly in the reference instrument. The Fund may buy or sell derivatives not traded on an exchange, which may be subject to heightened counterparty, liquidity and valuation risks. Suitable derivatives may not be available in all circumstances, and there can be no assurance that the Fund will use derivatives to reduce exposure to other risks when that might have been beneficial. Ongoing changes to the regulation of derivatives and changes in the regulation of funds using derivative instruments could limit the Fund's ability to pursue its investment strategies. New regulation of derivatives may make them more costly, or may otherwise adversely affect their liquidity, value or performance. In addition, the Fund's investments in derivatives are subject to the following risks:

■ Foreign
 Currency Forward Contracts Risk. Foreign currency forward contracts, including non-deliverable forwards ("NDFs"), are derivative instruments pursuant to
 a contract where the parties agree to a fixed price for an agreed amount of foreign currency at an agreed date or to buy or sell a specific
 currency at a future date
 at a price set at the time of the contract and include the risks associated with fluctuations in currency. There are no limitations on
 daily price movements of
 forward contracts. There can be no assurance that any strategy used will succeed. Not all forward contracts, including NDFs, require a
 counterparty to post collateral,
 which may expose the Fund to greater losses in the event of a default by a counterparty. The use of foreign currency forward contracts
 may expose the Fund
 to additional risks, such as credit risk, liquidity risk, and counterparty risk, that it would not be subject to if it invested directly
 in the securities or currencies
 underlying the foreign currency forward contract. There are no limitations on daily price movements of forward contracts. There can be
 no assurance that
 any strategy used will succeed.

■ Futures
 Contracts Risk. Futures
 contracts are derivative instruments pursuant to a contract where the parties agree to a fixed price for an agreed amount of securities
 or other underlying assets at an agreed date. The use of such derivative instruments may expose the Fund to additional risks, such as
 liquidity risk and counterparty
 risk, that it would not be subject to if it invested directly in the securities underlying those derivatives. There can be no assurance
 that any strategy used
 will succeed. There may at times be an imperfect correlation between the movement in the prices of futures contracts and the value of
 their underlying instruments
 or indexes. There also can be no assurance that, at all times, a liquid market will exist for offsetting a futures contract that the Fund
 has previously bought
 or sold, and this may result in the inability to close a futures contract when desired. Futures contracts may experience potentially dramatic
 price changes, which
 will increase the volatility of the Fund and may involve a small investment of cash (the amount of initial and variation margin) relative
 to the magnitude of
 the risk assumed (the potential increase or decrease in the price of the futures contract). The Fund may invest in the following types
 of futures contracts:

• *Foreign Currency Futures Contracts  Risk.* Foreign currency futures contracts expose the Fund to risks associated with fluctuations in the value of foreign currencies.
 Foreign currency futures contracts are similar to foreign currency forward contracts, except that they are traded on exchanges (and may
 have margin requirements)
 and are standardized as to contract size and delivery date. The Fund may use foreign currency futures contracts for the same purposes as foreign currency
 forward contracts, subject to Commodity Futures Trading Commission ("CFTC") regulations.

• *Index Futures Contracts Risk.* Futures contracts on indices expose the Fund to volatility in an underlying index.

■ Swap
 Agreements Risk. Swap
 agreements or "swaps" are transactions in which the Fund and a counterparty agree to pay or receive payments at specified dates based upon or
 calculated by reference to changes in specified prices or rates or the performance of specified securities, indices or other assets based
 on a specified amount
 (the "notional" amount). Swaps can involve greater risks than a direct investment in an underlying asset, because swaps typically
 include a certain
 amount of embedded leverage and as such are subject to leverage risk. If swaps are used as a hedging strategy, the Fund is subject to
 the risk that the hedging
 strategy may not eliminate the risk that it is intended to offset, due to, among other reasons, the occurrence of unexpected price movements
 or the

**American Beacon International Equity Fund** - Summary Prospectus**3**

------

non-occurrence of expected price movements. Swaps also may be difficult to value. Swaps may be subject to liquidity risk and counterparty risk, and swaps that are traded over-the-counter are not subject to standardized clearing requirements and may involve greater liquidity and counterparty risks. The Fund may invest in the following types of swaps:

• *Currency Swaps Risk.* Currency
 swaps may also be subject to currency risk.

**Dividend Risk**<br>An issuer of stock held by the Fund may choose not to declare a dividend or the dividend rate might not remain at current levels or increase over time. Dividend paying stocks might not experience the same level of earnings growth or capital appreciation as non-dividend paying stocks. Securities that pay dividends may be sensitive to changes in interest rates and, as interest rates rise or fall, the prices of such securities may fall.

**Equity Investments Risk**<br>Equity securities represent ownership interests in companies and are subject to investment risk, issuer risk and market risk. In general, the values of stocks and other equity securities fluctuate, and sometimes widely fluctuate, in response to changes in a company's financial condition as well as general market, economic and political conditions and other factors. The Fund may experience a significant or complete loss on its investment in an equity security. In addition, stock prices may be particularly sensitive to rising interest rates, which increase borrowing costs and the costs of capital. The Fund may invest in the following equity securities, which may expose the Fund to the following additional risks:

■ Common
 Stock Risk. The value
 of a company's common stock may fall as a result of factors affecting the company, companies in the same industry or sector, or
 the financial markets overall. Common stock generally is subordinate to preferred stock upon the liquidation or bankruptcy of the issuing
 company.

■ Depositary
 Receipts Risk. Depositary
 receipts are subject to certain of the risks associated with investing directly in foreign securities, including, but not limited to,
 currency exchange rate fluctuations, political and financial instability in the home country of a particular depositary receipt, less
 liquidity, more volatility, less government
 regulation and supervision and delays in transaction settlement.

■ U.S.
 Dollar-Denominated Foreign Stocks Traded on U.S. Exchanges Risk. Foreign (non-U.S.) companies that list their stocks on U.S. exchanges may be exempt from
 certain accounting and corporate governance standards that apply to U.S. companies that list on the same exchange. Performance of these
 stocks can be impacted
 by political and financial instability in the home country of a particular foreign company, and delisting of these stocks could impact
 the  Fund's ability to
 transact in such securities and could significantly impact their liquidity and market price.

**Foreign Investing Risk**<br>Non-U.S. investments carry potential risks not associated with U.S. investments. Such risks may include, but are not limited to: (1) currency exchange rate fluctuations, (2) political and financial instability, (3) less liquidity, (4) lack of uniform accounting, auditing, recordkeeping and financial reporting standards, (5) greater volatility, (6) different government regulation and supervision of foreign stock exchanges, brokers and listed companies, and (7) delays or failures in transaction payment and settlement in some foreign markets. Additionally, trading in foreign markets generally involves higher transaction costs than trading in U.S. markets. The Fund's investment in a foreign issuer may subject the Fund to regulatory, political, currency, security, economic and other risks associated with that country, including tariffs, trade disputes and sanctions. Global economic and financial markets have become increasingly interconnected and conditions (including recent volatility, terrorism, war and political instability) and events (including natural disasters) in one country, region or financial market may adversely impact issuers in a different country, region or financial market.

**Geographic Concentration Risk**<br>From time to time, based on market or economic conditions, the Fund may invest a significant portion of its assets in the securities of issuers located in, or with significant economic ties to, a single country or geographic region, which could increase the risk that economic, market, political, business, regulatory, diplomatic, social and environmental conditions in that particular country or geographic region may have a significant impact on the Fund's performance. Investing in such a manner could cause the Fund's performance to be more volatile than the performance of more geographically diverse funds. A decline in the economies or financial markets of one country or region may adversely affect the economies or financial markets of another.

■ European
 Securities Risk. The
 Fund's performance may be affected by political, social and economic conditions in Europe, such as growth of economic output (the
 gross national product of the countries in the region), the rate of inflation, the rate at which capital is reinvested into European economies,
 the success of governmental
 actions to reduce budget deficits, the resource self-sufficiency of European countries, the monetary exchange rates between European countries, and conflict between
 European countries. The European financial markets have experienced and may continue to experience volatility and adverse trends due to
 concerns relating to economic downturns; rising government debt levels and the possible default on government debt; national unemployment
 in several European
 countries; public health crises; political unrest; economic sanctions; inflation; energy crises; and war and military conflict, such as
 the Russian invasion of
 Ukraine. A default or debt restructuring by any European country could adversely impact holders of that country's debt and sellers
 of credit default swaps linked
 to that country's creditworthiness, which may be located in other countries. Such a default or debt restructuring could affect exposures
 to European countries.
 In addition, issuers have faced difficulties obtaining credit or refinancing existing obligations, and financial markets have experienced
 extreme volatility
 and declines in asset values and liquidity. These events have affected the exchange rate of the Euro and may continue to significantly
 affect European countries. <br> Responses
 to financial problems by European governments, central banks, and others, including austerity measures and other reforms, may not produce
 the desired results,
 may result in social unrest and may limit future growth and economic recovery or may have unintended consequences. The Fund makes investments
 in securities of issuers that are domiciled in member states of the European Union (the "EU"). The economies and markets of
 European countries are
 often closely connected and interdependent, and events in one country in Europe can have an adverse impact on other European countries.
 One or more countries
 may abandon the Euro and/or withdraw from the EU. The impact of these actions, especially if they occur in a disorderly fashion, could
 be significant and
 far-reaching. The United Kingdom's withdrawal from the EU could be an indication that one or more other countries may withdraw from
 the EU and/or abandon
 the Euro. These events and actions have affected, and may in the future affect, the value and exchange rate of the Euro and may continue
 to significantly affect
 the economies of every country in Europe, including countries that do not use the Euro and non-EU member states. <br> The
 continuing effects on the economies of European countries of the Russia/Ukraine war and Russia's response to sanctions imposed by
 the  U.S., EU, UK and others,
 are impossible to predict, but have been and could continue to be significant. For example, exports in Eastern Europe have been disrupted
 for certain key commodities,
 pushing commodity prices to record highs. Also, both wholesale energy prices and energy prices charged to consumers in Europe have increased
 significantly.

■ United
 Kingdom Securities Risk. The Fund's exposure to issuers located in, or with economic ties to, the United Kingdom, could expose the Fund to risks associated
 with investments in the United Kingdom to a greater extent than more geographically diverse funds. Investments in United Kingdom issuers
 may subject the Fund
 to regulatory, political, currency, security, and economic risks specific to the United Kingdom. The United Kingdom has one of the largest economies in Europe,
 and the United States and other European countries are substantial trading partners of the United Kingdom. As a result, the United Kingdom
 economy may be impacted by changes to the economic condition of the United States and other European countries. <br> Increasing
 commodity prices and rising inflation levels caused or exacerbated by the war between Russia and Ukraine recently prompted the United
 Kingdom government
 to implement significant policy changes. It is difficult to predict what effects such policies (or the suggestion of such policies) may
 have and the duration
 of those effects, which may last for extended periods. These effects may negatively impact broad segments of business and the population
 and have a significant
 and rapid negative impact on the performance of the Fund's investments. <br> Additionally,
 the transitional period following the United Kingdom's departure from the European Union (commonly referred to as "Brexit")
 ended on

**4** **American Beacon International Equity Fund** - Summary Prospectus

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December 31, 2020 and European Union law ceased to have effect in the United Kingdom except to the extent retained by the United Kingdom by unilateral act. The United Kingdom and the European Union then reached a trade agreement that was ratified by all applicable United Kingdom and European Union governmental bodies. The economic effects of Brexit, including certain negative impacts on the ability of the United Kingdom to trade seamlessly with the European Union, are becoming clearer but some political, regulatory and commercial uncertainty in relation to the longer term impacts nevertheless remains to be resolved. Accordingly, there remains a risk that the aftermath of Brexit, including its ongoing effect on the United Kingdom's relationships with other countries, including the United States, and with the European Union, may negatively impact the value of investments held by the Fund. Although a sub-advisor may hedge the Fund's currency exposures back to the U.S. dollar, a depreciation of the British pound sterling and/or the Euro in relation to the U.S. dollar could adversely affect the Fund's investments denominated in British pound sterling or Euros that are not fully hedged regardless of the performance of the underlying issuer.

**Hedging Risk**<br>If the Fund uses a hedging instrument at the wrong time or judges the market conditions incorrectly, or the hedged instrument does not correlate to the risk sought to be hedged, the hedge might be unsuccessful, reduce the Fund's return, or create a loss. In addition, hedges, even when successful in mitigating risk, may not prevent the Fund from experiencing losses on its investments. Hedging instruments may also reduce or eliminate gains that may otherwise have been available had the Fund not used the hedging instruments.

**Investment Risk**<br>An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. When you sell your shares of the Fund, they could be worth less than what you paid for them. Therefore, you may lose money by investing in the Fund.

**Issuer Risk**<br>The value of, and/or the return generated by, a security may decline for a number of reasons that directly relate to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services, as well as the historical and prospective earnings of the issuer and the value of its assets.

**Large-Capitalization Companies Risk**<br>The securities of large market capitalization companies may underperform other segments of the market because such companies may be less responsive to competitive challenges and opportunities and, at times, such companies may be out of favor with investors. Many larger-capitalization companies also may be unable to attain the high growth rates of successful smaller companies, especially during periods of economic expansion.

**Market Risk**<br>The Fund is subject to the risk that the securities markets will move down, sometimes rapidly and unpredictably, based on overall economic conditions and other factors, which may negatively affect the Fund's performance. The financial markets generally move in cycles, with periods of rising prices followed by periods of declining prices. The value of your investment may reflect these fluctuations. During a general downturn in the securities markets, multiple asset classes may decline in value simultaneously. Even when certain securities prices have generally increased over time, there have been periods of price decreases during those times, resulting in losses for investors, which are likely to occur again in the future.

Geopolitical and other events, including war, terrorism, trade disputes, pandemics, public health crises, natural disasters, and cybersecurity incidents, have led, and in the future may continue to lead, to general instability in world economies and markets and reduced liquidity in securities, which may negatively affect the value of your investment.

Policies established by the U.S. government and/or Federal Reserve and economic and political circumstances within the U.S. and abroad, such as inflation, changes in interest rates, recessions, changes in government leadership, a government's inability to agree on a budget, high public debt, the threat or occurrence of a federal government shutdown and threats or the occurrence of a failure to increase the federal government's debt limit, which could result in a default on the government's obligations, may negatively affect investor and consumer confidence and may negatively impact financial markets and the broader economy, perhaps suddenly and to a significant degree.

Markets and market participants are increasingly reliant upon public and proprietary data and systems. Data or technology malfunctions and inaccuracies may disrupt markets and lead to negative consequences for market participants like the Fund.

■ Recent
 Market Events Risk. Both U.S. and international markets have experienced significant volatility in recent months and years. As a result of such volatility, investment returns
 may fluctuate significantly. Moreover, during periods of significant volatility, the risks discussed herein associated with an investment
 in the Fund may be
 increased. National economies are substantially interconnected, as are global financial markets, which creates the possibility that conditions
 in one country or
 region might adversely impact issuers in a different country or region. However, the interconnectedness of economies and/or markets may
 be changing, which
 may impact such economies and markets in ways that cannot be foreseen at this time. <br> Some
 countries, including the  U.S., have adopted more protectionist trade policies, including trade tariffs and other trade barriers,
 which is a trend that appears to
 be continuing globally. The economies of all nations, including the U.S., are subject to the risks of slowing global economic growth,
 protectionist trade policies,
 inflationary pressures, limits imposed by international trade and security agreements, political or economic dysfunction, poor consumer
 sentiment, and reduced
 demand for goods due to fluctuating commodity prices and currency values, and these risks may create significant market volatility in
 ways that cannot be
 foreseen at the present time. These economic risks could have a negative impact on the Fund's investments. <br> The
 U.S. Federal Reserve and certain foreign central banks have started to lower interest rates, though economic or other factors could stop
 or reverse such changes.
 It is difficult to accurately predict the various economic and political factors that influence the pace at which interest rates might
 change, the timing, frequency
 or magnitude of any such changes in interest rates, or when such changes might stop or again reverse course. Changes in interest rates
 could lead to an economic
 slowdown in the U.S. and abroad, significant market volatility and reduced liquidity in certain sectors of the market. <br> Tensions,
 war, or open conflict between nations, such as between Russia and Ukraine, in the Middle East or in eastern Asia could affect the economies
 of many nations, including
 the United States. The duration of ongoing hostilities and sanctions cannot be predicted. Those events present material uncertainty and
 risk with respect
 to markets globally and the performance of the Fund and its investments or operations could be negatively impacted. <br> Advancements
 in technology, including advanced development and increased regulation of artificial intelligence, may adversely impact market movements
 and liquidity. As
 artificial intelligence is used more widely, which can occur relatively rapidly, the profitability and growth of certain issuers and industries
 may be negatively
 impacted in ways that cannot be foreseen and could adversely impact issuer and market performance. As a consequence, the Fund's
 holdings and its overall
 performance could be negatively impacted. <br> Global
 climate change may affect property and security values. Certain issuers, industries and regions may be adversely affected by the impacts
 of climate change
 in ways that cannot be foreseen. The impacts of legislation, regulation and international accords related to climate change, as well as
 any indirect consequences
 that may not be foreseen, may negatively impact certain issuers, industries and regions.

**Market Timing Risk**<br>The Fund is subject to the risk of market timing activities by investors due to the nature of the Fund's investments, which requires the Fund, in certain instances, to fair value certain of its investments. Some investors may engage in frequent short-term trading in the Fund to take advantage of any price differentials that may be reflected in the net asset value ("NAV") of the Fund's shares. Frequent trading by Fund shareholders poses risks to other shareholders in the Fund, including (i) the dilution of the Fund's NAV, (ii) an increase in the Fund's expenses, and (iii) interference with the ability to execute efficient investment strategies.

**American Beacon International Equity Fund** - Summary Prospectus**5**

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**Mid-Capitalization Companies Risk**<br>Investing in the securities of mid-capitalization companies involves greater risk and the possibility of greater price volatility, which at times can be rapid and unpredictable, than investing in larger-capitalization and more established companies. Since mid-capitalization companies may have narrower commercial markets and more limited operating history, product lines, and managerial and financial resources than larger, more established companies, the securities of these companies may lack sufficient market liquidity, and they can be particularly sensitive to changes in overall economic conditions, interest rates, borrowing costs and earnings.

**Multiple Sub-Advisor Risk**<br>The Manager may allocate the Fund's assets among multiple sub-advisors, each of which is responsible for investing its allocated portion of the Fund's assets. To a significant extent, the Fund's performance will depend on the success of the Manager in selecting and overseeing the sub-advisors and allocating the Fund's assets to sub-advisors. The sub-advisors' investment styles may not work together as planned, which could adversely affect the performance of the Fund. In addition, because each sub-advisor makes its trading decisions independently, the sub-advisors may purchase or sell the same security at the same time without aggregating their transactions. This may cause unnecessary brokerage and other expenses.

**Other Investment Companies Risk**<br>To the extent that the Fund invests in shares of other registered investment companies, the Fund will indirectly bear the fees and expenses charged by those investment companies in addition to the Fund's direct fees and expenses. To the extent the Fund invests in other investment companies that invest in equity securities, fixed-income securities and/or foreign securities, or that track an index, the Fund is subject to the risks associated with the underlying investments held by the investment company or the index fluctuations to which the investment company is subject. The Fund will be subject to the risks associated with investments in those companies, including but not limited to the following:

■ Government
 Money Market Funds Risk. Investments in government money market funds are subject to interest rate risk, credit risk, and market risk. Interest rate risk is the risk
 that rising interest rates could cause the value of such an investment to decline.

**Securities Lending Risk**<br>To the extent the Fund lends its securities, it may be subject to the following risks: (i) the securities in which the Fund reinvests cash collateral may decrease in value, causing the Fund to incur a loss, or may not perform sufficiently to cover the Fund's payment to the borrower of a pre-negotiated fee or "rebate" for the use of that cash collateral in connection with the loan; (ii) non-cash collateral may decline in value, resulting in the Fund becoming under-secured; (iii) delays may occur in the recovery of loaned securities from borrowers, which could result in the Fund being unable to vote proxies or settle transactions or cause the Fund to incur increased costs; and (iv) if the borrower becomes subject to insolvency or similar proceedings, the Fund could incur delays in its ability to enforce its rights in its collateral.

**Securities Selection Risk**<br>Securities selected for the Fund may not perform to expectations. This could result in the Fund's underperformance compared to its performance index(es), or other funds with similar investment objectives or strategies.

**Segregated Assets Risk**<br>In connection with certain transactions that may give rise to future payment obligations, the Fund may be required to maintain a segregated amount of, or otherwise earmark, cash or liquid securities to cover the obligation. Segregated assets generally cannot be sold while the position they are covering is outstanding, unless they are replaced with other assets of equal value. The need to segregate cash or other liquid securities could limit the Fund's ability to pursue other opportunities as they arise.

**Small-Capitalization Companies Risk**<br>Investing in the securities of small-capitalization companies involves greater risk and the possibility of greater price volatility, which at times can be rapid and unpredictable, than investing in larger-capitalization and more established companies. Since small-capitalization companies may have narrower commercial markets, and more limited operating history, product lines, and managerial and financial resources than larger, more established companies, the securities of these companies may lack sufficient market liquidity and they can be particularly sensitive to changes in overall economic conditions, interest rates, borrowing costs and earnings.

**Valuation Risk**<br>Certain of the Fund's assets may be valued at a price different from the price at which they can be sold. This risk may be especially pronounced for investments that are illiquid or may become illiquid, or securities that trade in relatively thin markets and/or markets that experience extreme volatility. The valuation of the Fund's investments in an accurate and timely manner may be impacted by technological issues and/or errors by third party service providers, such as pricing services or accounting agents.

**Value Stocks Risk**<br>Value stocks are subject to the risk that their intrinsic or full value may never be realized by the market, that a stock judged to be undervalued may be appropriately priced, or that their prices may decline. Although value stocks tend to be inexpensive relative to their earnings, they can continue to be inexpensive for long periods of time. The Fund's investments in value stocks seek to limit potential downside price risk over time; however, value stock prices still may decline substantially. In addition, the Fund may produce more modest gains as a trade-off for this potentially lower risk. The Fund's investment in value stocks could cause the Fund to underperform funds that use a growth or non-value approach to investing or have a broader investment style.

Fund Performance

The bar chart and table below provide an indication of risk by showing changes in the Fund's performance over time. The bar chart shows how the Fund's performance has varied from year to year. The table shows how the Fund's average annual total returns compare to a broad-based securities market index, for the periods indicated.

The chart and the table show the performance of the Fund's Investor Class shares for all periods. In the table below, for the period prior to February 28, 2017, the performance of the R6 Class shares reflects the returns of the R5 Class shares of the Fund. The R6 Class shares would have had similar annual returns to the R5 Class shares of the Fund because the shares of each class represent investments in the same portfolio securities. However, as reflected in the table in the "Fees and Expenses of the Fund" section of this Fund Summary, the expenses of the R5 Class shares of the Fund differ from those of the R6 Class shares, which would affect performance. To the extent that the R5 Class shares may have had lower expenses than the R6 Class shares prior to February 28, 2017, the performance of the R5 Class shares would likely have been higher than the performance the R6 Class shares would have realized during the same period. The performance of the R6 Class shares shown in the table has not been adjusted for differences in operating expenses between the R6 Class shares and R5 Class shares. C Class shares automatically convert to A Class shares 8 years after purchase, if the conversion is available through your financial intermediary. In the table below, the performance for C Class shares reflects the performance as though C Class shares were held for the full 10-year period.

You may obtain updated performance information on the Fund's website at www.americanbeaconfunds.com. Past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

**6** **American Beacon International Equity Fund** - Summary Prospectus

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| | |
|:---|:---|
| **Calendar year total returns for Investor Class Shares.** Year Ended 12/31 | **Calendar year total returns for Investor Class Shares.** Year Ended 12/31 |
| ![](sp2734img002.jpg)<br>| &nbsp;&nbsp;&nbsp; **Highest Quarterly Return:**<br>**20.71%** 4th Quarter 2022<br>01/01/2016 through 12/31/2025<br> **Lowest Quarterly Return:**<br>**-29.98%** 1st Quarter 2020<br>01/01/2016 through 12/31/2025 |

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**Average annual total returns** for periods ended December 31, 2025

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Inception Date** **of Class** | **1 Year** | **5 Years** | **10 Years** |
| **Investor Class** | **08/01/1994** |  |  |  |
| Returns Before Taxes |  | 36.52% | 10.50% | 7.42% |
| Returns After Taxes on Distributions |  | 32.35% | 7.86% | 5.82% |
| Returns After Taxes on Distributions and Sales of Fund Shares |  | 23.60% | 7.75% | 5.69% |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Inception Date** **of Class** | **1 Year** | **5 Years** | **10 Years** |
| **Share Class** (Before Taxes) |  |  |  |  |
| A | 05/17/2010 | 28.54% | 9.11% | 6.71% |
| C | 09/01/2010 | 34.32% | 9.56% | 6.54% |
| Y | 08/03/2009 | 36.91% | 10.78% | 7.71% |
| R6 | 02/28/2017 | 37.13% | 10.93% | 7.85% |
| Advisor | 05/01/2003 | 36.27% | 10.34% | 7.28% |
| R5 | 08/07/1991 | 37.04% | 10.86% | 7.78% |

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| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Years** | **10 Years** |
| **Index** (Reflects no deduction for fees, expenses or taxes, other than withholding taxes, as noted) | **Index** (Reflects no deduction for fees, expenses or taxes, other than withholding taxes, as noted) | **Index** (Reflects no deduction for fees, expenses or taxes, other than withholding taxes, as noted) | **Index** (Reflects no deduction for fees, expenses or taxes, other than withholding taxes, as noted) |
| MSCI® EAFE Index (Net)<sup>1</sup> | 31.22% | 8.92% | 8.18% |

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1 Reflects the reinvestment of dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident individuals who do not benefit from double taxation treaties.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local income taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. The return after taxes on distributions and sale of Fund shares may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of Fund shares at the end of the measurement period. If you are a tax-exempt entity or hold your Fund shares through a tax-deferred arrangement, such as an individual retirement account ("IRA") or a 401(k) plan, the after-tax returns do not apply to your situation. After-tax returns are shown only for Investor Class shares of the Fund; after-tax returns for other share classes will vary.

Management

**The Manager**<br>The Fund has retained American Beacon Advisors, Inc. to serve as its Manager.

**Sub-Advisors**<br>The Fund's assets are currently allocated among the following investment sub-advisors:

■ American
 Century Investment Management, Inc.

■ Causeway
 Capital Management LLC

■ Lazard
 Asset Management LLC

Portfolio Managers

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| | | |
|:---|:---|:---|
| **American Beacon Advisors, Inc.** | **Paul B. Cavazos**<br>Senior Vice President & Chief Investment Officer<br>Since 2016<br> **Robyn A. Serrano**<br>Portfolio Manager<br>Since 2023 | **Kirk L. Brown** **\***<br>Senior Portfolio Manager<br>Since 1994<br> **Colin J. Hamer**<br>Senior Portfolio Manager<br>Since 2026 |
| **American Century Investment** **Management, Inc.** | **Bert Whitson**<br>Portfolio Manager and Senior Investment Analyst<br>Since 2023<br> **Pablo Valcarce**<br>Portfolio Manager and Senior Investment Analyst<br>Since 2025 | **Jonathan Veiga**<br>Portfolio Manager and Senior Investment Analyst<br>Since 2020 |

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**American Beacon International Equity Fund** - Summary Prospectus**7**

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| | | |
|:---|:---|:---|
| **Causeway Capital Management LLC** | **Sarah H. Ketterer**<br>Chief Executive Officer<br>Since 2001<br> **Jonathan P. Eng**<br>Director<br>Since 2006<br> **Harry W. Hartford**<br>President<br>Since 2001<br> **Brian Woonyung Cho**<br>Director<br>Since 2021 | **Conor Muldoon**<br>Director<br>Since 2010<br> **Alessandro Valentini**<br>Director<br>Since 2013<br> **Ellen Lee**<br>Director<br>Since 2015<br> **Steven Nguyen**<br>Director<br>Since 2019 |
| **Lazard Asset Management LLC** | **Michael G. Fry**<br>Portfolio Manager/Managing Director<br>Since 2005<br> **Paul Selvey-Clinton**<br>Portfolio Manager/Managing Director<br>Since 2022 | **Michael A. Bennett**<br>Portfolio Manager/Managing Director<br>Since 2003<br> **Michael Powers**<br>Portfolio Manager/Senior Advisor<br>Since 2003<br> **Giles Edwards**<br>Portfolio Manager/Managing Director<br>Since 2020 |

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\* Mr. Brown is expected to retire effective August 31, 2026. Therefore, effective August 31, 2026, all references to Mr. Brown in this Prospectus are deleted.

Purchase and Sale of Fund Shares

You may buy or sell shares of the Fund through a retirement plan, an investment professional, a broker-dealer, or other financial intermediary. You may purchase or redeem shares of the Fund on any day the New York Stock Exchange ("NYSE") is open, at the Fund's net asset value ("NAV") per share next calculated after your order is received in proper form, subject to any applicable sales charge. The Manager may, in its sole discretion, allow certain individuals to invest directly in the Fund. For more information regarding eligibility to invest directly please see "About Your Investment - Purchase and Redemption of Shares." Direct mutual fund account shareholders may buy subsequent shares or sell shares in various ways:

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| | | |
|:---|:---|:---|
| **Internet** | **www.americanbeaconfunds.com** | **www.americanbeaconfunds.com** |
| **Phone** | **To reach an American Beacon representative call 1-800-658-5811, option 1**<br> **Through the Automated Voice Response Service call 1-800-658-5811, option 2 (Investor Class only)** | **To reach an American Beacon representative call 1-800-658-5811, option 1**<br> **Through the Automated Voice Response Service call 1-800-658-5811, option 2 (Investor Class only)** |
| **Mail** | **American Beacon Funds**<br> **P.O. Box 219643**<br> **Kansas City, MO 64121-9643** | **Overnight Delivery:**<br> **American Beacon Funds**<br> **801 Pennsylvania Ave, Suite 219643**<br> **Kansas City, MO 64105-1307** |

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| | | | |
|:---|:---|:---|:---|
| | **New Account** | **Existing Account** | **Existing Account** |
| <br>**Share Class** | **Minimum Initial Investment Amount** | **Purchase/Redemption Minimum by** **Check/ACH/Exchange** | **Purchase/Redemption Minimum by** **Wire** |
| C | $1000 | $50 | $250 |
| A, Investor | $2500 | $50 | $250 |
| Advisor | $2500 | $50 |  |
| Y | $100000 | $50 |  |
| R5 | $250000 | $50 |  |
| R6 |  | $50 |  |

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Tax Information

Dividends, capital gains distributions, and other distributions, if any, that you receive as a result of your investment in the Fund are subject to federal income tax and may also be subject to state and local income taxes, unless you are a tax-exempt entity or your account is tax-deferred, such as an individual retirement account ("IRA") or a 401(k) plan (in which case you may be taxed later, upon the withdrawal of your investment from such account or plan).

Payments to Broker-Dealers and Other Financial Intermediaries

If you purchase shares of the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and the Fund's distributor, Resolute Investment Distributors, Inc., or the Manager may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your individual financial professional to recommend the Fund over another investment. Ask your individual financial professional or visit your financial intermediary's website for more information.

**8** **American Beacon International Equity Fund** - Summary Prospectus