REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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[ X ]
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Pre-Effective Amendment No. ____
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[ ]
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Post-Effective Amendment No. 149
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[ X ]
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and/or
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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[ X ]
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Amendment No. 148
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[ X ]
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(Check appropriate box or boxes.)
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Gene L. Needles, Jr., President
4151 Amon Carter Boulevard
MD 2450
Fort Worth, Texas 76155
(Name and Address of Agent for Service)
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With copies to:
Francine J. Rosenberger, Esq.
K&L Gates LLP
1601 K Street, NW
Washington, D.C. 20006-1601
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[ X ]
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immediately upon filing pursuant to paragraph (b)
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[ ]
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on (date) pursuant to paragraph (b)
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[ ]
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60 days after filing pursuant to paragraph (a)(1)
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[ ]
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on (date) pursuant to paragraph (a)(1)
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75 days after filing pursuant to paragraph (a)(2)
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[ ]
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on (date) pursuant to paragraph (a)(2) of Rule 485
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[ ]
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This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
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AMERICAN BEACON FUNDS
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By:
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/s/ Gene L. Needles, Jr.
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Gene L. Needles, Jr.
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President
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Signature
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Title
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Date
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/s/ Gene L. Needles, Jr.
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President (Principal Executive Officer)
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November 14, 2012
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Gene L. Needles, Jr.
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/s/ Melinda G. Heika
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Treasurer (Principal Financial Officer)
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November 14, 2012
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Melinda G. Heika
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Gerard J. Arpey*
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Trustee
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November 14, 2012
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Gerard J. Arpey
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W. Humphrey Bogart*
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Trustee
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November 14, 2012
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W. Humphrey Bogart
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Brenda A. Cline*
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Trustee
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November 14, 2012
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Brenda A. Cline
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Eugene J. Duffy*
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Trustee
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November 14, 2012
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Eugene J. Duffy
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Thomas M. Dunning*
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Trustee
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November 14, 2012
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Thomas M. Dunning
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Alan D. Feld*
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Trustee
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November 14, 2012
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Alan D. Feld
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Richard A. Massman*
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Chairman and Trustee
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November 14, 2012
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Richard A. Massman
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Barbara J. McKenna*
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Trustee
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November 14, 2012
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Barbara J. McKenna
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R. Gerald Turner*
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Trustee
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November 14, 2012
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R. Gerald Turner
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Paul J. Zucconi*
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Trustee
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November 14, 2012
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Paul J. Zucconi
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Type
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Description
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EX-101.INS
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XBRL Instance Document
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EX-101.SCH
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XBRL Taxonomy Extension Schema Document
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EX-101.CAL
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XBRL Taxonomy Calculation Linkbase Document
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EX-101.DEF
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XBRL Taxonomy Extension Definition Linkbase Document
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EX-101.LAB
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XBRL Taxonomy Extension Labels Linkbase Document
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EX-101.PRE
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XBRL Taxonomy Extension Presentation Linkbase Document
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Label | Element | Value | |||||||||||
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | American Beacon Bridgeway Large Cap Value Fund | |||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | |||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to provide long-term total return on capital, primarily through capital appreciation and some income. |
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Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | |||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. 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 the A Class shares of the American Beacon Funds. More information about these and other discounts is available from your financial professional and on page 13 under “Choosing Your Share Class” in the prospectus and on page 29 under “Additional Purchase and Sale Information for A Class Shares” in the statement of additional information. |
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Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | |||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-04-30 | |||||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | |||||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | 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 36% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 36.00% | |||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | 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 the A Class shares of the American Beacon Funds. More information about these and other discounts is available from your financial professional and on page 13 under "Choosing Your Share Class" in the prospectus and on page 29 under "Additional Purchase and Sale Information for A Class Shares" in the statement of additional information. | |||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 50,000 | |||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | |||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | 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. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
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Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Share Class | |||||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | Assuming no redemption of shares: | |||||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | |||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests in a diversified portfolio of large stocks that are listed on the New York Stock Exchange, the American Stock Exchange, and NASDAQ. Under normal market conditions, at least 80% of Fund net assets (plus borrowings for investment purposes) are invested in stocks from among those in the large-cap category at the time of purchase. For purposes of the Fund’s investment portfolio, “large-cap stocks” are those whose market capitalization (stock market worth) falls within the range of the Russell 1000® Index at the time of investment. The Russell 1000® Index measures the performance of the 1,000 largest U.S. companies based on total market capitalization. As of June 30, 2012, the market capitalizations of the companies in the Russell 1000® Index ranged from $1.2 billion to $546.1 billion. The Fund’s sub-advisor, Bridgeway Capital Management, Inc. (“Bridgeway Capital”), selects stocks within the large-cap value category for the Fund using a proprietary statistically driven approach. Value stocks are those Bridgeway Capital believes are priced cheaply relative to some financial measures of worth, such as the ratio of price to earnings, price to sales, or price to cash flow. Generally, these are stocks represented in the Russell 1000® Value Index, plus large stocks with similar “value” characteristics. The Russell 1000® Value Index includes those Russell 1000® companies with lower price-to-book ratios and lower forecasted growth values. The decision to sell a stock is usually made based on the relative attractiveness of new statistical model recommendations, deteriorating financial strength of a company, portfolio risk considerations, and corporate actions or other external factors that may drive a stock’s future price movements. The Fund may invest cash balances in other investment companies including money market funds, and may purchase and sell futures contracts to gain market exposure on cash balances or reduce market exposure in anticipation of liquidity needs. While the Fund is actively managed for long-term total return, Bridgeway Capital seeks to minimize capital gains distributions as part of a tax management strategy. The successful application of this method is intended to result in a more tax-efficient fund than would otherwise be the case. The income objective of the Fund, which is a secondary objective, is achieved almost exclusively from dividend-paying stocks held by the Fund. However, not all stocks held by the Fund pay dividends. |
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Risk [Heading] | rr_RiskHeading | Principal Risks | |||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | 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 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 are: Capital Gains Risk If the Fund experiences extensive redemptions, the sub-advisor might need to sell some stocks, which could create capital gains. There can be no guarantee that the Fund may not someday distribute substantial capital gains, although the sub-advisor strongly intends to avoid them. Equity Investments Risk Equity securities generally are subject to market risk. The Fund’s investments in equity securities may include common stocks, preferred stocks, securities convertible into common stocks, real estate investment trusts (“REITs”), American Depositary Receipts (“ADRs”) and U.S. dollar-denominated foreign stocks traded on U.S. exchanges. Such investments may expose the Fund to additional risks. Common stock generally is subordinate to preferred stock upon the liquidation or bankruptcy of the issuing company. Preferred stocks and convertible securities are sensitive to movements in interest rates. In addition, convertible securities are subject to the risk that the credit standing of the issuer may have an effect on the convertible securities’ investment value. Investments in ADRs and U.S. dollar denominated foreign stocks traded on U.S. exchanges are subject to certain of the risks associated with investing directly in foreign securities. Investments in REITs are subject to the risks associated with investing in the real estate industry such as adverse developments affecting the real estate industry and real property values. Foreign Exposure Risk The Fund may invest in securities issued by foreign companies through ADRs and U.S. dollar-denominated foreign stocks trading on U.S. exchanges. These securities are subject to many of the risks inherent in investing in foreign securities, including, but not limited to, currency fluctuations and political and financial instability in the home country of a particular ADR or foreign stock. Futures Contract Risk Futures contracts are a type of derivative investment. A derivative refers to any financial instrument whose value is derived, at least in part, from the price of another security or a specified index, asset or rate. The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. Gains or losses in a derivative may be magnified and may be much greater than the derivatives original cost. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures contracts. There may not be a liquid secondary market for the futures contract. When the Fund purchases or sells a futures contract, it is subject to daily variation margin calls that could be substantial in the event of adverse price movements. If the Fund has insufficient cash to meet daily variation margin requirements, it might need to sell securities at a time when such sales are disadvantageous. Investment Risk An investment in the Fund is not a deposit of 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 The value of a security may decline for a number of reasons which 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 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 may be unable to attain high growth rates during periods of economic expansion. Market Events Turbulence in financial markets and reduced liquidity in equity, credit and fixed-income markets may negatively affect many issuers worldwide which may have an adverse effect on the Fund. Market Risk Since this Fund invests most of its assets in stocks, it is subject to stock market risk. Market risk involves the possibility that the value of the Fund’s investments in stocks will vary from day to day in response to the activities of individual companies, as well as general market, regulatory, political and economic conditions. From time to time, certain investments held by the Fund may have limited marketability and may be difficult to sell at favorable times or prices. If the Fund is forced to sell such holdings to meet redemption requests or other cash needs, the Fund may have to sell them at a loss. Other Investment Companies Risk The Fund may invest in shares of other registered investment companies, including open-end funds, closed-end funds, business development companies, exchange-traded funds (“ETFs”) and money market funds. To the extent that the Fund invests in shares of other registered investment companies, you will indirectly bear fees and expenses charged by the underlying funds in addition to the Fund’s direct fees and expenses and will be subject to the risks associated with investments in those funds. Securities Selection Risk Securities selected by the Manager or the sub-advisor for the Fund may not perform to expectations. This could result in the Fund’s underperformance compared to other funds with similar investment objectives. Value Stocks Risk Value stocks are subject to the risk that their intrinsic value may never be realized by the market or that their prices may go down. A value approach could also result in fewer securities that increase rapidly during times of market gains. Different investment styles tend to shift in and out of favor, depending on market conditions and investor sentiment. The Fund’s value style could cause the Fund to underperform funds that use a growth or non-value approach to investing or have a broader investment style. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | 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. | |||||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | |||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Fund Performance | |||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and table below provide an indication of risk by showing how the Fund’s performance has varied from year to year. The table shows how the Fund’s performance compares to the Russell 1000® Value Index, which is the Fund’s primary benchmark and is a broad measure of market performance. The Lipper Large-Cap Value Funds Index shows how the Fund’s performance compares to a composite of mutual funds with similar investment objectives. The chart and the table below show the performance of the Fund’s Institutional Class shares for all periods. The Institutional Class shares of the Fund have adopted the performance history and financial statements of the Class N Shares of the Fund’s predecessor. Performance information of A Class, C Class, Y Class and Investor Class shares of the Fund is not provided because the Fund did not commence operations of these classes until February 3, 2012. 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. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart and table below provide an indication of risk by showing how the Fund's performance has varied from year to year. | |||||||||||
Performance Additional Market Index [Text] | rr_PerformanceAdditionalMarketIndex | The table shows how the Fund's performance compares to the Russell 1000 Value Index, which is the Fund's primary benchmark and is a broad measure of market performance. The Lipper Large-Cap Value Funds Index shows how the Fund's performance compares to a composite of mutual funds with similar investment objectives. | |||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.americanbeaconfunds.com | |||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. | |||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Calendar year total returns for Institutional Class shares | |||||||||||
Bar Chart Narrative [Text Block] | rr_BarChartNarrativeTextBlock | Year-By-Year Percentage Returns as of 12/31 of Each Year |
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Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | The calendar year-to-date total return as of June 30, 2012 was 8.27%.
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Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest Quarterly Return: (1/1/04 through 12/31/11) | |||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | |||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 17.15% | |||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest Quarterly Return: (1/1/04 through 12/31/11) | |||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | |||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (18.26%) | |||||||||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns For the periods ended December 31, 2011 | |||||||||||
Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | (reflects no deduction for fees, expenses or taxes) | |||||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | 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 taxes. | |||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | If you hold your Fund shares through a tax-deferred arrangement, such as an individual retirement account or a 401(k), the after-tax returns do not apply to your situation. | |||||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown only for Institutional Class shares; after-tax returns for other share classes will vary. | |||||||||||
Russell 1000® Value Index
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 0.39% | [1] | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.64%) | [1] | ||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 4.52% | [1] | ||||||||||
Lipper Large-Cap Value Funds Index
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (2.17%) | [1] | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.26%) | [1] | ||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 3.73% | [1] | ||||||||||
A Class
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Maximum sales charge imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | |||||||||||
Maximum deferred sales charge load (as a percentage of the lower of original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||
Management fees | rr_ManagementFeesOverAssets | 0.45% | |||||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | |||||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.96% | [2] | ||||||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.66% | |||||||||||
Expense reduction and reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.32%) | |||||||||||
Total annual fund operating expenses after expense reduction and reimbursement | rr_NetExpensesOverAssets | 1.34% | [3] | ||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 704 | |||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,039 | |||||||||||
Annual Return 2004 | rr_AnnualReturn2004 | 15.15% | |||||||||||
Annual Return 2005 | rr_AnnualReturn2005 | 11.62% | |||||||||||
Annual Return 2006 | rr_AnnualReturn2006 | 18.52% | |||||||||||
Annual Return 2007 | rr_AnnualReturn2007 | 4.49% | |||||||||||
Annual Return 2008 | rr_AnnualReturn2008 | (36.83%) | |||||||||||
Annual Return 2009 | rr_AnnualReturn2009 | 24.92% | |||||||||||
Annual Return 2010 | rr_AnnualReturn2010 | 14.51% | |||||||||||
Annual Return 2011 | rr_AnnualReturn2011 | 2.12% | |||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 2.33% | [1] | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | (0.69%) | [1] | ||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 5.77% | [1] | ||||||||||
A Class | After Taxes on Distributions
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 2.12% | [1] | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | (1.03%) | [1] | ||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 5.41% | [1] | ||||||||||
A Class | After Taxes on Distributions and Sales
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 1.77% | [1] | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | (0.61%) | [1] | ||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 4.94% | [1] | ||||||||||
C Class
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Maximum sales charge imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||
Maximum deferred sales charge load (as a percentage of the lower of original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | |||||||||||
Management fees | rr_ManagementFeesOverAssets | 0.45% | |||||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.96% | [2] | ||||||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.41% | |||||||||||
Expense reduction and reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.32%) | |||||||||||
Total annual fund operating expenses after expense reduction and reimbursement | rr_NetExpensesOverAssets | 2.09% | [3] | ||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 312 | |||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 721 | |||||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 212 | |||||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 721 | |||||||||||
Y Class
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Maximum sales charge imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||
Maximum deferred sales charge load (as a percentage of the lower of original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||
Management fees | rr_ManagementFeesOverAssets | 0.45% | |||||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.81% | [2] | ||||||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.26% | |||||||||||
Expense reduction and reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.32%) | |||||||||||
Total annual fund operating expenses after expense reduction and reimbursement | rr_NetExpensesOverAssets | 0.94% | [3] | ||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 96 | |||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 369 | |||||||||||
Institutional Class
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Maximum sales charge imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||
Maximum deferred sales charge load (as a percentage of the lower of original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||
Management fees | rr_ManagementFeesOverAssets | 0.45% | |||||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||
Other expenses | rr_OtherExpensesOverAssets | 0.71% | [2] | ||||||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.16% | |||||||||||
Expense reduction and reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.32%) | |||||||||||
Total annual fund operating expenses after expense reduction and reimbursement | rr_NetExpensesOverAssets | 0.84% | [3] | ||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 86 | |||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 337 | |||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 31, 2003 | |||||||||||
Investor Class
|
|||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||
Maximum sales charge imposed on purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||
Maximum deferred sales charge load (as a percentage of the lower of original offering price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||
Management fees | rr_ManagementFeesOverAssets | 0.45% | |||||||||||
Distribution and/or service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||
Other expenses | rr_OtherExpensesOverAssets | 1.09% | [2] | ||||||||||
Total annual fund operating expenses | rr_ExpensesOverAssets | 1.54% | |||||||||||
Expense reduction and reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.32%) | |||||||||||
Total annual fund operating expenses after expense reduction and reimbursement | rr_NetExpensesOverAssets | 1.22% | [3] | ||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 124 | |||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | $ 455 | |||||||||||
|
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