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Jan. 13, 2016

 

 
American Beacon  Stephens Mid-Cap Growth Fund
American Beacon Stephens Small Cap Growth Fund

Supplement dated January 13, 2016
to the
Prospectus and Summary Prospectuses dated April 30, 2015
Each as Previously Amended or Supplemented


 
The table in the "Fund Summaries - American Beacon Stephens Mid-Cap Growth – Fund Performance -  Average total returns for periods ended December 31, 2014" section of the Prospectus, is deleted and replaced with the following;

 
Average annual total returns for periods ended December 31 2014
 
 
 
 
 
 
 
Inception
Date of Class
1 Year
5 Years
Since
Inception
Investor Class
2/1/2006
 
 
 
Returns Before Taxes
2/1/2006
2.97%
15.49%
7.47%
Returns After Taxes on Distributions
2/1/2006
1.36%
14.89%
7.16%
Returns After Taxes on Distributions and Sales of Fund Shares
2/1/2006
3.02%
12.51%
6.03%
 
Inception
Date of Class
 
1 Year
 
5 Years
 
Since
 Inception
Share Class (Before Taxes)
 
 
 
 
A
2/24/2012
2.97%
15.45%
7.45%
C
2/24/2012
2.21%
14.98%
7.21%
Y
2/24/2012
3.31%
15.71%
7.59%
Institutional
8/31/2006
3.41%
15.87%
9.49%
 
 
 
 
1 Year
 
 
5 Years
 
Since Inception
of Investor
Class (2/1/2006)
Index (Reflects no deduction for fees expenses or taxes)
 
 
 
 
Russell Midcap Growth Index
 
11.90%
16.94%
8.50%
S&P 500 Index*
 
13.69%
15.45%
7.72%
 
*
The Fund's primary benchmark is the Russell Midcap Growth Index. The Manager and the sub-advisor have elected to use the Russell Midcap Index as the Fund's primary benchmark because it is more reflective of the Fund's investment strategy than the S&P 500 Index.
 
 

 
The table in the "Fund Summaries - American Beacon Stephens Small Cap Growth Fund - Fund Performance - Average total returns for periods ended December 31, 2014" section of the Prospectus, is deleted and replaced with the following;

 
Average annual total returns for periods ended December 31 2014
 
 
 
 
 
 
 
 
 
Inception
Date of Class
1 Year
5 Years
Since
Inception
Investor Class
12/1/2005
 
 
 
Returns Before Taxes
 
(3.35%)
15.43%
7.99%
Returns After Taxes on Distributions
 
(4.33%)
14.42%
7.47%
Returns After Taxes on Distributions and Sales of Fund Shares
 
(1.08%)
12.54%
6.52%
 
 
Inception
Date of Class
 
1 Year
 
5 Years
 
 Since
Inception
Share Class (Before Taxes)
 
 
 
 
Institutional
8/31/2006
(3.08%)
15.74%
9.31%
Y
2/24/2012
(3.14%)
15.58%
8.07%
A
2/24/2012
(3.54%)
15.30%
7.92%
C
2/24/2012
(4.20%)
14.82%
7.68%
 
 
 
 
1 Year
 
 
5 Years
 
Since Inception
of Investor
Class (12/1/2005)
Index (Reflects no deduction for fees expenses or taxes)
 
 
 
 
Russell 2000 Growth Index
 
5.60%
16.80%
8.70%
S&P 500 Index*
 
13.69%
15.45%
7.77%
*
The Fund's primary benchmark is the Russell 2000 Growth Index. The Manager and the sub-advisor have elected to use the Russell 2000 Growth Index as the Fund's primary benchmark because it is more reflective of the Fund's investment strategy than the S&P 500 Index.