American Beacon Funds
07/02/2026 | Press release | Distributed by Public on 07/02/2026 14:15
Prospectus by Investment Company (Form 497)
American Beacon Balanced Fund
Supplement dated July 2, 2026 to the Prospectus and Summary Prospectus,
each dated March 1, 2026, as previously amended or supplemented
Effective immediately, Shannon Hogan of Barrow, Hanley, Mewhinney & Strauss, LLC ("Barrow Hanley") is added as a Portfolio Manager of the American Beacon Balanced Fund (the "Fund"). In addition, effective July 31, 2026, J. Scott McDonald of Barrow Hanley will retire from his position as a Portfolio Manager of the Fund. Accordingly, effective immediately, the following changes are made to the Fund's Prospectus and Summary Prospectus, as applicable. In addition, effective July 31, 2026, all references to Mr. McDonald in the Fund's Prospectus and Summary Prospectus are removed.
| 1. | On page 8 of the Prospectus and 8 of the Summary Prospectus, under the heading "Management - Portfolio Managers," the information regarding Barrow Hanley is deleted and replaced with the following: |
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Barrow, Hanley, Mewhinney & Strauss, LLC |
Mark Giambrone Portfolio Manager/Senior Managing Director Since 2015 |
Deborah A. Petruzzelli Portfolio Manager/Managing Director Since 2003 |
|
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Justin Martin Portfolio Manager/ Managing Director Co-Head of Investment Grade Fixed Income Since 2021 |
Matthew Routh Portfolio Manager/Managing Director Co-Head of Investment Grade Fixed Income Since 2021 |
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Shannon Hogan
Portfolio Manager/ Since 2026 |
J. Scott McDonald*
Portfolio Manager/ Co-Head of Fixed Income Since 1998 |
*Mr. McDonald is expected to retire on July 31, 2026. Therefore, effective July 31, 2026, all references to Mr. McDonald in the Prospectus are deleted.
| 2. | On page 58-59 of the Prospectus, under the heading "Fund Management - The Sub-Advisors - BARROW, HANLEY, MEWHINNEY & STRAUSS, LLC (''Barrow Hanley'')," the following is added after the third paragraph: |
Shannon Hogan, CFA, joined Barrow Hanley in 2014. She is a structured securities analyst and is responsible for the quantitative analysis of asset-backed securities, commercial mortgage-backed securities, and residential mortgage-backed securities. Her prior work experience includes performing valuations of business entities, financial assets, and intangible assets at Deloitte Transactions and Business Analytics LLP. Ms. Hogan received her BBA from the University of Texas and her MBA from Southern Methodist University. She is a CFA charterholder.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
BAL-20260702-PRO
American Beacon Balanced Fund
Supplement dated July 2, 2026 to the Statement of Additional Information
dated March 1, 2026, as previously amended or supplemented
Effective immediately, Shannon Hogan of Barrow, Hanley, Mewhinney & Strauss, LLC ("Barrow Hanley") is added as a Portfolio Manager of the American Beacon Balanced Fund (the "Fund"). In addition, effective July 31, 2026, J. Scott McDonald of Barrow Hanley will retire from his position as a Portfolio Manager of the Fund. Accordingly, effective immediately, the following changes are made to the Fund's Statement of Additional Information, as applicable. In addition, effective July 31, 2026, all references to Mr. McDonald in the Fund's Statement of Additional Information are removed.
| 1. | On page 63-64, under the heading "Portfolio Managers," the table relating to Barrow Hanley is deleted and replaced with the following: |
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Number of Other Accounts Managed and Assets by Account Type |
Number of Accounts and Assets for which Advisory Fee is Performance-Based |
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| Name of Investment Advisor and Portfolio Manager | Registered Investment Companies | Other Pooled Investment Vehicles | Other Accounts | Registered Investment Companies | Other Pooled Investment Vehicles | Other Accounts |
| Barrow, Hanley, Mewhinney & Strauss, LLC | ||||||
| Mark Giambrone | 7 ($4.3 bil) | 2 ($327.7 mil) | 43 ($8.1 bil) | None | None | None |
| W. Coleman Hubbard | None | 1 ($98.1 mil) | 12 (646 mil) | None | None | None |
| DJ Taylor | None | 1 ($98.1 mil) | 12 (646 mil) | None | None | None |
| Deborah A. Petruzzelli | 1 ($79.9 mil) | 1 ($20.5 mil) | 10 (683 mil) | None | None | None |
| J. Scott McDonald* | 1 ($86.9 mil) | 1 ($20.5 mil) | 16 (1.4 bil) | None | None | None |
| Matthew Routh | 1 ($86.9 mil) | 1 ($20.5 mil) | 16 (1.4 bil) | None | None | None |
| Justin Martin | 1 ($86.9 mil) | 1 ($20.5 mil) | 16 (1.4 bil) | None | None | None |
| Shannon Hogan** | 1 ($94.5 mil) | 1 ($23.3 mil) | 10 ($697.9 mil) | None | None | None |
*Mr. McDonald is expected to retire on July 31, 2026.
**As of May 31, 2026.
| 2. | On page 73, under the heading "Portfolio Managers - Ownership of the Funds," the table relating to Barrow Hanley is deleted and replaced with the following: |
| Name of Investment Advisor and Portfolio Managers | American Beacon Balanced Fund | American Beacon Large Cap Value Fund | American Beacon Small Cap Value Fund |
| Barrow, Hanley, Mewhinney & Strauss, LLC | |||
| Mark Giambrone | None | None | N/A |
| W. Coleman Hubbard | N/A | N/A | None |
| Justin Martin | None | N/A | N/A |
| J. Scott McDonald* | None | N/A | N/A |
| Deborah A. Petruzzelli | None | N/A | N/A |
| Matthew Routh | None | N/A | N/A |
| DJ Taylor | N/A | N/A | $1-$10,000 |
| Shannon Hogan** | None | N/A | N/A |
*Mr. McDonald is expected to retire on July 31, 2026.
**As of May 31, 2026.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
BAL-20260702-SAI
American Beacon Funds published this content on July 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 02, 2026 at 20:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]