American Beacon

American Beacon Man Large Cap Growth Fund

Portfolio information as of September 30, 2024

Summary
Performance
Overview

Investment Objective

The Fund seeks to provide long-term total return on capital, primarily through capital appreciation.

NUMERIC INVESTORS

A fundamentally driven quantitative investment manager, Numeric is part of Man Group plc (“Man”), which is a global, independent asset manager dedicated to alternative and long-only investing. Numeric has a research-driven culture and employs systematic security selection models underpinned by bottom-up, fundamentally based signals.

Firm inception: 1989

Portfolio Managers:

Daniel Taylor; industry since 1999
Ben Zhao; industry since 2017

COMBINING QUANTITATIVE AND FUNDAMENTAL PROCESSES

Numeric seeks to select growth stocks with attractive valuations, positive long-term growth characteristics, sustainable competitive advantages, relatively benign competitive environments, and favorable industry dynamics. The process:

Uses statistically driven, rules-based quantitative models to find selections with proper metrics.
Applies a discretionary overlay based on fundamental research to supplement and screen the quantitative model selections.
Employs a proprietary Statistical Factor Risk Model to ensure that the portfolio is neutral to the benchmark relative to key risk attributes.

Total Fund Assets

$200.9 Million

Sub-Advisor (%)

Numeric Investors LLC ("Man Numeric")

100.0

Symbols and NAVs

Class	Symbol	NAV*
R5	BRLGX	33.58
Investor	BLYPX	32.21
Y	BLYYX	33.27
A	BLYAX	32.44
C	BLYCX	28.95
R6	BLYRX	33.80

*NAV values as of: 12/20/2024.
Historical NAVs are viewable from the Daily NAVs page.

Prior to May 1, 2024, the Fund was named the American Beacon Bridgeway Large Cap Growth Fund. Effective May 1, 2024, Numeric Investors LLC, a wholly owned, indirect subsidiary of Man Group PLC, began serving as sub-advisor to the Fund. Performance through April 30, 2024, reflects the Fund’s performance under the management of its prior sub-advisor.

Growth stocks typically are more volatile than value stocks; however, value stocks have a lower expected growth rate in earnings and sales. Quantitative models may not perform as expected and may result in losses for 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. Although the Fund is managed pursuant to a tax management strategy, the Fund’s investments could create capital gains. The use of futures contracts for cash management may subject the Fund to losing more money than invested. The Fund participates in a securities lending program. 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. Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Man Large Cap Growth Fund are service marks of American Beacon Advisors, Inc.

TOTAL RETURNS

Share Class	Inception Date	Prior Class Inception Date	CUSIP	Symbol	NAV	QTR	YTD	1 Year	3 Year*	5 Year*	10 Year / Since Inception*
R5	10/31/2003		024525370	BRLGX	36.58	0.08	19.39	35.60	8.42	16.17	13.53
Investor	02/05/2016	R5 10/31/2003	024525362	BLYPX	35.29	0.00	19.14	35.22	8.10	15.82	13.20
Y	02/05/2016	R5 10/31/2003	024525388	BLYYX	36.27	0.06	19.43	35.61	8.40	16.13	13.48
A (without max sales charge)	02/05/2016	R5 10/31/2003	024525412	BLYAX	35.51	0.03	19.12	35.20	8.11	15.84	13.22
A (with max sales charge)	02/05/2016	R5 10/31/2003	024525412	BLYAX	35.51	-5.73	12.27	27.44	6.00	14.48	12.55
C (without max sales charge)	02/05/2016	R5 10/31/2003	024525396	BLYCX	32.24	-0.19	18.53	34.25	7.32	14.99	12.49
C (with max sales charge)	02/05/2016	R5 10/31/2003	024525396	BLYCX	32.24	-1.19	17.53	33.25	7.32	14.99	12.49
R6	04/30/2018	R5 10/31/2003	024526436	BLYRX	36.78	0.11	19.53	35.79	8.49	16.26	13.58

Benchmark	QTR	YTD	1 Year	3 Year*	5 Year*	10 Year / Since Inception*
S&P 500® Index TR	5.89	22.08	36.35	11.91	15.98	13.38
Russell 1000® Growth Index	3.19	24.55	42.19	12.02	19.74	16.52

Expense Ratios (%)

Share Class	Gross	Net
R5	0.78	0.78
Investor	1.09	1.09
Y	0.84	0.84
A	1.07	1.07
C	1.82	1.82
R6	0.73	0.73

Per the current prospectus.

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. To obtain performance as of the most recent month end, click here.

Net asset value (NAV) is the value of one share of the portfolio excluding any sales charges.
*Annualized. See the performance notes on the next page for more information.

Important Information: All investing involves risk, including possible loss of principal. Indexes are unmanaged and one cannot invest directly in an index. Please note that the recent performance of the securities market has helped produce short‐term returns that are not typical and may not continue in the future.

For any Class of the Fund that began operating within the 10-year/since inception period shown, the performance shown prior to the inception date of the Class is that of a class (or series of classes) previously in operation. The combined returns have not been adjusted for any difference between the fees and expenses of the Class and the historical fees and expenses of the included previous class (or classes). If the previous class(es) had lower expenses, the resulting performance would be better than the Class would have realized during the same period. If the previous class(es) had higher expenses, the resulting performance would be lower than the Class would have realized during the same period. A portion of fees charged to the R5 Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the Investor Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the Y Class of Man Large Cap Growth Fund has been waived since Fund inception. A portion of fees charged to the A Class of Man Large Cap Growth Fund was waived from Fund inception through 2018, partially recovered in 2019 and waived in 2020 through 2023. A portion of fees charged to the C Class of Man Large Cap Growth Fund was waived from Fund inception through 2017, partially recovered in 2018 and 2019, and waived in 2020 through 2023. A portion of fees charged to the R6 Class of Man Large Cap Growth Fund has been waived since Fund inception. Performance prior to waiving fees was lower than actual returns shown for periods when fees were waived.

The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. “Russell®” is a trademark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Man Large Cap Growth Fund are service marks of American Beacon Advisors, Inc.

Sector Weightings (%)

Information Technology	46.3
Health Care	14.7
Communication Services	11.7
Consumer Discretionary	11.2
Financials	7.4
Industrials	4.3
Energy	2.3
Consumer Staples	2.0

Excludes cash.

Portfolio Statistics

Forward Price-to-Earnings Ratio (P/E)	24.70
Price-to-Book Ratio (P/B)	9.16
1-Year ROE	37.48
Weighted Avg. Market Cap ($ bil)	952.73

3-YEAR RISK Summary

Alpha	-3.25
Beta	0.96
R2	0.93
Sharpe Ratio	0.24
Standard Deviation	20.67

Top 10 Holdings (%)

NVIDIA Corp.	6.4
Alphabet, Inc.	5.8
Microsoft Corp.	5.3
Amazon.com, Inc.	5.2
Apple, Inc.	4.9
Meta Platforms, Inc.	4.1
Mastercard, Inc.	4.1
Broadcom, Inc.	3.4
KLA Corp.	2.9
Booking Holdings, Inc.	2.7
Total Fund Holdings	69

Market Capitalization (%)

$1.50 Billion - $7.5 Billion	1.45
$7.5 Billion - $15 Billion	4.73
$15 Billion - $50 Billion	11.72
$50 Billion - $100 Billion	12.94
$100 Billion - $300 Billion	24.19
Greater Than $300 Billion	44.97

The P/E Ratio of a stock is calculated by dividing the current price by forecasted 12- month earnings per share. The P/B Ratio of a stock is calculated by dividing the current price by book value per share. R-squared (R2) is the percentage of the Fund’s three-year return that is explained by movements in its benchmark index. Alpha is a measure of the Fund’s expected performance versus the benchmark, adjusted for relative risk. Beta is a measure of the Fund’s volatility versus the benchmark. Sharpe Ratio is a measure of the Fund’s return per unit of total risk. Standard Deviation is a measure of the historical volatility of the Fund’s returns. Return on Equity (ROE) is net income divided by net worth.

American Beacon is a registered service mark of American Beacon Advisors, Inc. American Beacon Funds and American Beacon Man Large Cap Growth Fund are service marks of American Beacon Advisors, Inc.

Equities	98.9
Cash Equivalents	1.1

American Beacon Man Large Cap Growth Fund

Portfolio information as of September 30, 2024

Investment Objective

NUMERIC INVESTORS

COMBINING QUANTITATIVE AND FUNDAMENTAL PROCESSES

Total Fund Assets

Sub-Advisor (%)

Symbols and NAVs

Quarterly
Fund Materials

QUICK LINKS

TOTAL RETURNS

Expense Ratios (%)

Sector Weightings (%)

Portfolio Statistics

3-YEAR RISK Summary

Top 10 Holdings (%)

Asset Allocation (%)

Market Capitalization (%)

American Beacon Man Large Cap Growth Fund

Portfolio information as of September 30, 2024

Investment Objective

NUMERIC INVESTORS

COMBINING QUANTITATIVE AND FUNDAMENTAL PROCESSES

Total Fund Assets

Sub-Advisor (%)

Symbols and NAVs

Quarterly Fund Materials

QUICK LINKS

TOTAL RETURNS

Expense Ratios (%)

Sector Weightings (%)

Portfolio Statistics

3-YEAR RISK Summary

Top 10 Holdings (%)

Asset Allocation (%)

Market Capitalization (%)

MY ACCOUNT

Quarterly
Fund Materials