0000809593
2015-08-14
2015-08-14
0000809593
abflexbdfd-20150813:S000032923Member
abflexbdfd-20150813:DDDDMember
2015-08-13
2015-08-13
xbrli:pure
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
Other
2014-08-31
AMERICAN BEACON FUNDS
0000809593
false
2014-12-29
2015-08-13
2015-08-13
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">American Beacon Flexible Bond Fund</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">Supplement dated August 13, 2015</div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">to the</div>
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<div style="MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The information below supplements the Prospectus dated December 29, 2014 and is in addition to any other supplement(s):</div>
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-STYLE: italic">On August 6, 2015, the American Beacon Funds' Board of Trustees approved the termination of GAM International Management Ltd. ("GAM") and the appointment of Payden & Rygel ("P&R") as a sub-advisor to the American Beacon Flexible Bond Fund.</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-STYLE: italic">P&R is expected to begin managing the assets of the Fund currently allocated to GAM on or about August 31, 2015 ("Effective Date").  The changes set forth below are effective as of the Effective Date.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In the <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; FONT-WEIGHT: bold">"Fund Summary - Principal Investment Strategies"</font> section, the penultimate sentence in the first paragraph is deleted and replaced with the following:</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Fund invests in fixed income instruments without restrictions on their credit quality, although under normal market conditions, the Fund's investments in non-investment grade securities, known also as high yield or "junk" bonds, is limited to 40% of the Fund's total assets. The bond portfolio will maintain an average credit quality of investment grade under normal market conditions.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial, Helvetica, sans-serif; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Fund invests in fixed income instruments without restrictions on their credit quality, although under normal market conditions, the Fund's investments in non-investment grade securities, known also as high yield or "junk" bonds, is limited to 40% of the Fund's total assets. The bond portfolio will maintain an average credit quality of investment grade under normal market conditions.</div>