American Beacon GLG Natural Resources ETF (MGNR)

Market Price: The price at which Fund shares are bought and sold, which may be below, at, or above NAV. The Market Price Returns are calculated based on the Fund’s official closing price on the listing exchange.

NAV: The dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Expense Ratio (%): The Fund’s total annual operating expenses as a percentage of your investment. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the expense ratio.

30-Day Median Bid/Ask Spread: The midpoint of the differences between the “bid” price (what investors are willing to pay) and the “ask” price (at which they are willing to sell Fund shares) on the listing exchange over the last 30 calendar days.

Discount/Premium: The negative or positive difference between the market price and NAV at the time as of which the NAV is calculated, expressed as a percentage of NAV. The table shows the number of days the Fund traded at a premium, at a discount, or at NAV during various periods. The line graph shows the discount (negative) and the premium (positive) amount on the vertical axis and the date on which the premium/discount occurred on the horizontal axis.

Dispersion: Dispersion is a statistical measure of variation among values.

All investing involves risk, including possible loss of principal. The Fund is actively managed, and there can be no assurances that its investment objectives will be met. Concentration in natural resources and natural resources-related industries makes the Fund vulnerable to price movements of natural resources, which can result from supply and demand changes, environmental factors, government regulations, and political developments. 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 and emerging markets may involve heightened risk due to currency fluctuations and economic and political risks. To the extent the Fund invests more heavily in a particular country or geographic region, its performance will be sensitive to factors affecting that country or region. The Fund may distribute higher capital gains than other ETFs. Please see the prospectus for a complete discussion of the Fund’s risks.

The Fund is new and has a limited operating history.

The Fund’s investment sub-advisor is GLG LLC, an indirect wholly owned subsidiary of Man Group PLC.

Performance shown is historical and is not indicative of future returns. Investment returns and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Performance shown is as of date indicated, and current performance may be lower or higher than the performance data quoted.